Lawmakers narrowly elected her premier for the second time in less than a week after she set out plans for a minority government made up of only her Social Democrats.

The former finance minister had won a similar vote on Wednesday but threw in the towel hours later after a junior coalition partner left the government over a lost budget vote. read more

"Like all minority governments, we will seek co-operation with other parties in parliament, and I see good opportunities to do so," Andersson, whose party holds 100 seats in the 349-seat parliament, told a news conference.

"The Social Democrats have the biggest party group in parliament by a wide margin. We also have a long tradition of cooperation with others and stand ready to do what is needed to lead Sweden forward."

The leader of the right-wing opposition Moderate Party, Ulf Kristersson, described the incoming administration as a "nine-month caretaker government" and said it would not be able to achieve much in the run-up to elections due in September 2022.

Andersson will have to lead one of Sweden's weakest governments in recent decades, and govern on a budget in part formulated by three opposition parties, including the anti-immigration Sweden Democrats, whose gains over the past decade lie at heart of Sweden's political turmoil.

Parliament adopted budget amendments put forward by the opposition last week which heavily reshaped government spending plans.

The Social Democrats have been in power since 2014 supported by parties united by little else than their desire to keep the Sweden Democrats from influencing policy.

The centre-right opposition has struggled to gather enough votes to form a majority government and polls suggest there may be little shift in the political calculus in the next election.

Andersson will face major challenges.

Gang violence plagues the suburbs of major cities. The health service barely coped with the pandemic and needs strengthening, while the government will need to manage a promised transition to a zero-emissions economy.

SOURCE: REUTERS

Islamabad: Amid a steady decline in Covid-19 infections, Pakistan's coronavirus positivity ratio further fell to 1.1% with 475 new cases. 

According to the latest figures issued by the National Command and Operation Center (NCOC), 475 persons were tested positive for COVID-19 in the past 24 hours. 

The total number of cases has reached 1,284,840.

As many as 1,242,236 patients have recovered from the disease.

Punjab

The number of patients swelled to 443,094 in the province with 13,023 causalities.

Sindh

The number of infections has surged to 475,616 in the province, while the death toll has reached 7,621.

Khyber Pakhtunkhwa

The confirmed cases have surged to 179,995 in the province with 5,842 casualties.

Balochistan

There are 33,479 confirmed cases while 360 patients have died from the infection so far.

AJK and Gilgit-Baltistan

There are 34,556 coronavirus cases in the AJK while the death toll has reached 742. On the other hand, there are 10,411 cases in GB with 186 coronavirus deaths.

Islamabad

There are 10,411 cases in the capital city while 954 people have lost their lives.

Twitter CEO Jack Dorsey is stepping down as chief of the social media company, effective immediately. Parag Agrawal, Twitter’s chief technology officer, will take over the helm, the company said Monday.

Shares of Twitter were down about half a percent before noon on Monday.

Dorsey, 45, was serving as both the CEO of Twitter and Square, his digital payments company. Dorsey will remain a member of the board until his term expires at the 2022 meeting of stockholders, the company said. Salesforce President and COO Bret Taylor will become the chairman of the board, succeeding Patrick Pichette, a former Google executive, who will remain on the board as chair of the audit committee.

 “I’ve decided to leave Twitter because I believe the company is ready to move on from its founders,” Dorsey said in a statement, though he didn’t provide any additional detail on why he decided to resign.

Agrawal will have to meet Twitter’s aggressive internal goals. The company said earlier this year it aims to have 315 million monetizable daily active users by the end of 2023 and to at least double its annual revenue in that year.

Agrawal, who’s served as CTO since 2017, has been with Twitter for more than a decade. He had been in charge of strategy involving artificial intelligence and machine learning and he led projects to make tweets in users’ timelines more relevant to them.

Agrawal was also previously tasked with finding a leader for Project Bluesky, a research project Twitter launched to establish open and decentralized standards for social media platforms. Dorsey had previously said Bluesky will help social media companies collaborate on how posts are promoted to users and will give users more control over the content they see. Bluesky could also make it easier for the social networks to enforce restrictions against hate speech and other abuse, essentially helping them share the load at a lower cost.

Agrawal held research internships at AT&T, Microsoft and Yahoo prior to joining Twitter.

Dorsey said in an email he published on Twitter that Agrawal has been his choice to lead the company “for some time given how deeply he understands the company and its needs.”

Dorsey was nearly ousted last year when Twitter stakeholder Elliott Management had sought to replace him. Elliott Management founder and billionaire investor Paul Singer had wondered whether Dorsey should run both of the public companies. Singer called for Dorsey to step down as CEO of one of them before the investment firm reached a deal with Twitter’s management.

Dorsey, who co-founded the social media giant in 2006, served as CEO until 2008 before being pushed out of the role. He returned to lead Twitter in 2015 after former CEO Dick Costolo stepped down.

Shares have jumped 85% since Dorsey took over as CEO on Oct 5. 2015. Square stock has surged 1,566% since its initial public offering on Nov. 19, 2015.

SOURCE: CNBC