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Political shakeup in Sweden, as PM steps down

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Swedish PM, Magdalena Andersson resigns as her centre-left party loses to the far-right

The country’s election was neck and neck, but the postal votes cemented the victory for a coalition of Sweden’s Democrats and three centre-right parties.

The right bloc is edged ahead with a majority of three in the parliament of 349 seats.

The right wing bloc vows to “make Sweden safe again” by implementing tougher prison sentences and limiting immigration.

Outgoing leader Andersson says it was a “narrow majority, but a majority nonetheless”.

The speaker will take on Prime Ministerial duties, until the new leader is announced. The moderate party leader, Ulf Kristersson, is expected to form a Government.

Ulf Kristersson – Moderate Party leader

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Leaders

Trump does not want another debate rematch with Harris

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Republican nominee Donald Trump said on he would not participate in another presidential debate against Kamala Harris ahead of the Nov. 5 election.

“THERE WILL BE NO THIRD DEBATE!” the former president wrote on social media site Truth Social.

Although Trump touted his performance on Tuesday against Harris, six Republican donors and three Trump advisers believe Harris had won the debate largely because Trump was unable to stay on message, according to a report by Reuters. #featured #trending

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Billionaire & engineer make history after world’s first private space mission

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A billionaire and an engineer have made history with the world’s first private spacewalk aboard SpaceX’s Crew Dragon capsule.

Jared Isaacman and Sarah Gillis stepped outside SpaceX’s Crew Dragon capsule for nearly two hours, tethered to the craft as it orbited Earth.

This risky mission tested new spacesuits and technology, pushing the limits of private space travel. #featured #trending

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Money

What to expect for IPO markets

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With high interest rates and geopolitical uncertainty–what’s in store for IPO markets?

As the second half of 2024 begins, the IPO market is poised for a potential rebound after a sluggish start to the year.

With improving economic conditions and renewed investor confidence, more companies seem to be considering going public, creating market optimism.

However, challenges such as inflation and geopolitical uncertainties remain key factors to watch.

Dean Quiambao, a partner at Armanino joins Veronica Dudo to discuss what experts are predicting for the IPO landscape in the coming months and how businesses are positioning themselves for success.

#IN AMERICA TODAY #trending #IPO #IPOmarkets #ratecuts

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