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Volvo Car Corp., is improving in the USA but not fast enough comparatively

Friday, 02 August 2013Volvo cars
Volvo Cars corporations did their best in the last month of July in the United States in terms of sales since 2009.Yet it slipped compared to its competitors.

More pain in the pharmaceuticals as Meda see profit dive

Friday, 02 August 2013
Pharmaceutical company Meda reports an EBITDA profit of Skr922 million in the second quarter of 2013.

Artimplant files for bankruptcy driven by litigations and cash drought

Thursday, 01 August 2013medicine
Artimplant, a biomaterials company focused on solutions to problems in orthopaedic announced that its Board of Directors and the CEO have decided to apply for its own bankruptcy.
The District Court of Gothenburg today decided to grant the petition for bankruptcy of Artimplant AB (publ). The Court appointed Lawyer Mr. Rickard Ström, Advokatfirman Lindahl KB, as receiver

Loomis reports strong second quarter earnings

Thursday, 01 August 2013loomis
Cash handling company Loomis reports a operating income (EBITA)1) for the second quarter amounted to Skr 276 million  compared to Skr225million same period a year ago.

Spotify is making money - doubled revenue

Wednesday, 31 July 2013

Swedish music streaming service Spotify is growing and really making money. In 2012, music streaming web service Spotify more than doubled revenues in 2012 to 435 million euros ($577 million) as it expanded to new markets and almost doubled its users, documents showed on Wednesday, reports Reuters.

SAS Group finalises sale and leaseback of six aircrafts - earned SAS Skr800 million

Wednesday, 31 July 2013SAS
Crisis hit Airliner SAS announced that it had lend EUR 35 million, corresponding to Skr 304 million worth of its aircraft through a so-called private placement of a bond.

Search engine company, Eniro announces reduction in share capital

Wednesday, 31 July 2013eniro
Sweden's Local search engine  and yellow pages company, Eniro announces reduction of the company’s share capital.

Atlas Copco appoints Johan Halling as Business Area President for Mining and Rock Excavation Technique

Monday, 29 July 2013atlascopco
Atlas Copco announces that it has appointed Johan Halling as President of the Mining and Rock Excavation Technique business area and member of Group Management, effective August 1, 2013.

FDA acknowledges receipt of AstraZeneca and Bristol-Myers Squibb resubmission of the new drug application

Friday, 26 July 2013astra Zeneca
AstraZeneca and Bristol-Myers Squibb Company today announced that the U.S. Food and Drug Administration (FDA) has acknowledged receipt of the New Drug Application (NDA) resubmission for investigational drug dapagliflozin for the treatment of adults with type 2 diabetes.

More loss pressure on Energy Company Vattenfall after yesterday’s massive write down

Wednesday, 24 July 2013Vattenfall
The final bill for Vattenfall's bad business looks set to land at about the same level as the cost of building a new nuclear plant.

Great figures from Volvo Group

Wednesday, 24 July 2013Olof Persson
Truck giant Volvo's reports a sharp fall in profits in the second quarter. Earnings in the period was however much better than expected.

Zennström's tips on how Sweden can become the haven for entrepreneurs

Tuesday, 23 July 2013

One of Sweden's modern day entrepreneurs, Niklas Zennström, just gave a stalk on radio Sweden on his various entrepreneurial bibliographies and identified that IT engineering and environments are some of his most cherished treasures.

Why is scania's shares falling on the stock market?

Monday, 22 July 2013

Scania Truck giant Scania on Monday got lowered recommendations of several major research houses thus putting more pressure on the company's stocks.

Sex workers world wide join their Swedish colleagues in protest against Sweden's prostitution laws

Sunday, 21 July 2013prostitute
Sex workers worldwide other wise known as prostitutes have been  demonstrating in the last week Friday in over 30 cities anger at Swedish law on prostitution and sex work.

Earnings shortfall for defence company, Saab

Friday, 19 July 2013Saab
The price for peace is the loss for Defence Company such as Swedish military hardware maker, Saab. Its earnings came in far below expectations with the defence group making a profit before tax of Skr11 million for the second quarter.

Stefan Jacoby lands new top job in GM after being bundled out of Volvocars on his sick bed.

Friday, 02 August 2013Stefan Jacoby
In October, the former CEO Stefan Jacoby was sacked as CEO of Swedish Chinese automaker Volvo Cars while on his sick bed in the hospital. In what was seemly determined like a type of power struggle in the Swedish - Chinese automaker, the former CEO got better and is not recruited by a rival of Volvo, General Motors.

Bush had nothing to do with Rasmussen's NATO appointment

Friday, 02 August 2013nato boss
The story widely about how the Danish head of NATO, Anders Fogh Rasmussen got his NATO job has now receiving a reply from the diplomat Damon Wilson reported to have been the sources of the story in the first place.

Increased safety called for in Gothenburg, Sweden after two people were shot

Friday, 02 August 2013shooting in Goteborg
Extra security guards have been placed at Sahlgrenska Hospital in Gothenburg after random shootings. Two men have been shot and injured in the locality of Tynnered in Västra Frölunda on Thursday night.

Church of Sweden makes billion in profits but membership continues to fall

Friday, 02 August 2013
Although the number of members in the Church of Sweden is steadily decreasing, so does revenue. Last year, the Church of Sweden was in the black financially though with a profit of Skr1.3 billion.

Protesters arrested at Russian embassy in Stockholm, Sweden

Thursday, 01 August 2013
Image from SVT
Protests against anti-gay law passed in Russia recently has seen  a large group of people demonstrate outside the Russian embassy in Stockholm,  Sweden on Thursday.

Swedish PMI fell to 51.3 in July but remains in the growth region as stabilization of the industrial sector remains

Thursday, 01 August 2013Swden's PMI
Swedish Purchaser Manager Index, (PMI) fell to 51.3 in July from 53.5 in June, down 2.2 index points. This however, remains in the growth zone, which has a lower limit of 50 basis points and means that the Swedish industrial sector remains buoyant.

Swedish government was warned about the risk associated with the Dutch Nuon business

Wednesday, 31 July 2013vattenfall
One of the projects that brought the Swedish energy company Vattenfall to its knees, the Nuon energy deal in Holland was flagged as risky before Vattenfall bought it. 

Norwegians continue to buy Sweden and could soon colonise Swedish business ownership

Wednesday, 31 July 2013norwegian
Norway controls the largest number of foreign companies in Sweden, about 2200, according to a new head country of those pulling the strings in the Swedish corporate scene.

How a leader of a small Scandinavian country came to head NATO? Did Fogh seek the help of Bush to land the NATO job?

Wednesday, 31 July 2013NATO boss
Former USA president George W. Bush is reported to have pressurised his successor to appoint the Danish current head of the military organisation, Anders Fogh to the position, something that had not been thought.

Road noise makes induces fatigue in drivers behind the wheel

Wednesday, 31 July 2013
Monotonous low-frequency noise from the road increases the risk that the driver will fall asleep behind the wheel, according to a new research.

Norwegian mass murderer Breivik wants to study political science

Wednesday, 31 July 2013Brevick
The Norwegian mass murder sentenced to life,  Anders Behring Breivik wants to study political science at the University of Oslo, confirms Rector, Ole Petter Ottersen.

Denmark starts breaking down Nazi concrete bunkers littering its West Coast

Tuesday, 30 July 2013Nazi Bunker in Denmark
Denmark has had enough of the Nazi bunkers found on its coast and have now has started breaking down some 120 bunkers on its West Coast.

Record number of Danish student looking at offshore for job guarantee and good pay

Tuesday, 30 July 2013Oil platform
A record number of Danish students have been admitted to study programs that can provide jobs in the offshore oil-drilling sector. The driver is the growing importance of the sector in providing better pay and job guarantee.

Weak Swedish GDP growth - Swedish economy halting

Tuesday, 30 July 2013Swedish economy
Sweden's GDP rose 0.6 percent in the second quarter compared with the same quarter of 2012. Compared with the previous quarter, GDP fell 0.1 percent, latest official data shows.

Explain why the weak GDP Mr Borg: GDP has been weighted down by the international situation

Tuesday, 30 July 2013Anders Borg
The Swedish GDP report for the second quarter shows that the Swedish recovery is hampered by a weak performance particularly in the euro area. The outcome did not surprise, but it shows the need for measures to support demand and employment in Sweden.

Romania is concerned about reputation as the number Romanian beggars on Swedish streets explodes

Tuesday, 30 July 2013Romania Ambassador to stockholm Raduta Matache
The Romanian ambassador to Sweden Romanian beggars cause damage to the reputation of Romania.  The ambassador is concerned that so many poor Roma people come to Sweden to beg and has seen no quick fix to the problem.
Raduta Matache, Romanian Ambassador to Sweden pictured above

Swedish exporters decry the pain caused by strong kroner

Monday, 29 July 2013kroner
The strong Swedish krona has cost export companies billions in reduced profits in the past six months. Should the krona continues to get strengthened further, it may lead to investment shortfall by those exporter in  Sweden in the future.

Russia reacts to Swedish Foreign Minister LGBT tweet

Monday, 29 July 2013
carl-bildtSwedish Foreign Minister, Carl Bildt earlier on Monday, condemned via twitter Russia's anti-gay policy. Russia has not been happy with Bildt criticism and has shot back. "Such claims are simply false."

Sweden's Social Democrats are out with Knives: Vattenfall adventure jeopardizes Sweden's security

Monday, 29 July 2013
The Swedish opposition party, Social Democrats has hit hard at Vattenfall after it emerged that the company wants to buy nuclear fuel from Russia.

Vattenfall buys Russian nuclear fuel as it seeks to reduce prices and gain advantage that is more competitive

Monday, 29 July 2013Vattenfall
While the EU seeks to reduce dependence on Russian energy, Swedish energy company, Vattenfall for the first time is buyingRussian nuclear fuel.

Improvement in Swedish retail sales though still described as weak

Monday, 29 July 2013sweden-shopping
Swedish retails trade sales volume increased by 3.6 percent in June compared to the same month last year. Despite that, sales are still described as weak.

Despite deflationary prices, Sweden still has some of the highest food prices in the Nordic area

Monday, 29 July 2013 backet of food
Sweden is having a sort of deflationary price system now with inflation measured at -0.1 percent. But food prices just continues to explode and it is a boon for the food industry which sees no problem with food becoming more expensive while other goods fall in prices.

Pay feast in the selected few of the top Swedish pubic establishment

Monday, 29 July 2013Fred
A group of senior officials in the Swedish government offices have had their wages increased more than the rest of their junior staff members.

Banking via mobile phone continues to be popular in Sweden

Friday, 26 July 2013Mobile internet banking in Sweden
A growing phenomenon in the Swedish banking scene is that were more and more people are carrying out their banking transactions via the mobile phone instead of on the computer.

How not to manage a company: Skr123 million to the pension fund of top managers of Vattenfall

Friday, 26 July 2013Vattenfalls CEO Øystein Løseth
The Swedish state owned energy company, Vattenfall that has been in the news recently for poor performances and down grading,  has been shown how it had squandered money in the tax payer company. It awarded some of its top managers Skr 132 million in pension bonuses and other financial award even though they participated in the failed business that has brought the company down.

Shrinkage of Swedish Net trade surplus in June

Friday, 26 July 2013Swedish Exports
In June 2013 Swedish exports of goods amounted to Skr88.1 billion, while imports of goods amounted to Skr 84.1 billion. As a result, the net trade balance was Skr4.0 billion, latest data from Statistic Sweden (SCB) shows

Danish Professor attests that Eastern Europeans create more prosperity for Denmark

Thursday, 25 July 2013Polish
Since the EU borders were thrown opened to the Eastern Europeans  in 2004, the number of Eastern Europeans that have moved to the Danish labour market has exploded.

Politician shares photo of his willy while showing off Liverpool tattoo

Friday, 26 July 2013
Lars OlySwedish politician Lars Ohly ended up red-faced on Wednesday after a decision to share his new tattoo with the world backfired in fine fashion. Yahoo News

Vattenfall emerging as a stressful dent to the Swedish finance minister's electoral budget

Thursday, 25 July 2013Borg
Crisis in the Swedish energy giant, Vattenfall could jeopardize the Reinfeldt government's electoral budget preparation for next year, which is the election year.

UK GDP growth of 0.6 percent  and shows Britain is on the mend

Thursday, 25 July 2013
British economy has grown 0.6 percent in the second quarter and this George Osborne the chancellor of the exchequer says that Britain is one the mend.
According to the Guardian, citing the Office for National Statistic data, the pace of second-quarter economic growth doubled from the first three months of 2013. Details from the Guardian.

Return of the men to Swedish primary school classrooms

Thursday, 25 July 2013classromm
The tide seems to be changing in the Swedish educational environment as men start coming back to the primary school classrooms.

Guest Chinese workers exploited by a Gothenburg based Company - one reason why these companies love immigrant labour - "exploitation".

Thursday, 25 July 2013
Six Chinese guest workers (pictured above) who worked at an Asian food wholesales dealer in Gothenburg Sweden, known as Asia Food in the neighbourhood of Hisingen have been identified as being wantonly exploited by the company.

Danes have difficulty understanding their own language Danish

Wednesday, 24 July 2013Danish Language
Gap between spoken and written Danish language has been revealed in a recent study, which shows how the Danish language is very hard. We Swedes have been known to say that Danish language is hard for us to learn but did not know that Danes themselves were struggling under their own linguistic weight.

Swedish real estate sector is crying for help as the crisis in the areas just continue to strengthen

Wednesday, 24 July 2013swedishhousing
The Swedish real estate sectors which supposed to be the cash cow now has seen the design and construction of single-family houses falling to a very low level. This means that it is hard to get a normal simple accommodation for young professionals. The sector is how crying out for help.

A Bank wants to break the pattern of racial discrimination in the Swedish job market Seek to recruit more foreign graduates that the currant norm

Wednesday, 24 July 2013swedband
It takes something to the neighbourhood of five to seven years before a graduate with a non-Swedish background (skin colour) can attempt to get access to real employment in the Sweden. Swedbank is thinking of reversing some of this culture of repudiation of ethnic groups.

Boulder on a Swedish motorway almost cost the lives of a Danish family travelling through Sweden

Tuesday, 23 July 2013Swedish Motorway in Malmö
A Danish family missed death when their car hit a boulder in a busy motor way in the southern Swedish town of Malmo. The effect was that the boulder placed in the middle of the road cause the Danish family car to leave the carriage way and over turned as see on this image.

Job politics heating up in Denmark as fears  of Eastern European onslaught is realistic

Tuesday, 23 July 2013constrcution workers
Danish Unemployed are vocally fearful that their jobs are either being moved to places such as Poland or other cheaper eastern European countries or that the Eastern Europeans are coming here to take the jobs.

Norwegian intelligence fears increased attacks on politicians after the terrorist scenes two year ago

Tuesday, 23 July 2013Norways politicians must be protected
Norwegian politicians have received more threats than they did before the terrorist attack two years ago, the intelligence service said after yesterday's activities in memory of those killed by the far right terrorist attacks two years ago.

Increasing number of younger people in Sweden die of stroke

Tuesday, 23 July 2013young people in sweden
The stroke illness, which was once thought to be an illness of the old, is now turning its tide in Sweden. Increasingly, year after year, more younger people in Sweden dies of  stroke.

Swedish state owned Vattenfall in billion writes down of Skr29.7 billion and also to split the company

Tuesday, 23 July 2013vattefall
Swedish state owned Energy Company, Vatenfall AB, the Nordic region’s largest utility company, writes down the value of its assets by Skr29.7 billion.

Main points:

  • Gas and hard coal-fired power plants in the Netherlands: SEK 14.5 billion,
  • Hard coal-fired power plants in Germany: SEK 4.1 billion,
  • Combined heat and power plants in the Nordic region: SEK 2.5 billion,
  • Goodwill originating mainly from our trading operations: SEK 6.8 billion,
  • Other assets: SEK 1.8 billion.

Swedish opposition parties react to the Vattenfall write down - blamed the government for poor business sense

Tuesday, 23 July 2013vattenfall
The Swedish Red-Green opposition parties that would likely be taking office if the next general elections really reflect current opinion polls have reacted to the write down of Vattenfall and call on the government to react.

Swedish IT industry bemoans slow and long processing times for immigrant badly needed skills

Monday, 22 July 2013IT
Swedish IT companies are having trouble finding badly needed skills in Sweden. Therefore, many are now recruiting from abroad - not within the EU but around the world.

Police raids carried out at the facilities of AstraZeneca in China

Monday, 22 July 2013Astra Zeneca
Pharmaceutical company AstraZeneca's office in Shanghai was visited by police on Friday, and one of the employees was questioned.

How Swedish Real Estate companies exhibit slavery and selfishness. They pay immigrants workers Skr10 per hour - What hypocrisy and shame!

Monday, 22 July 2013building contruction
Foreign construction workers employed in Sweden are exploited beyond expression, a new reports exposed today Monday. Of all places, Swedish real estate companies are leading the capitalist crusade of "dog eat dog" and would put  profit before people.

Danish research given comfort to older women seeking to have children - Women over 30 still very fertile

Monday, 22 July 2013pregnant woman
A new study shows that age is less important for the chance of a woman getting pregnant than has been previously thought. Therefore According to a new Danish-American study, there is no need to panic if you are a woman in your late 30s and would like to be a mother.

Sick  and injured animals slaughtered and sold cheaply in Sweden - be careful with what you eat even here

Sunday, 21 July 2013
It has emerged that meat from sick and injured animals are being sold cheaply to restaurants and pizzerias in Hässleholm in Sweden, according to an anonymous report to the municipality's environmental offices.

Cut study loans to high school students - Swedish government proposal

Sunday, 21 July 2013sweden student loans

A Swedish government investigation has proposed that the governement reduce loans and study grants given to high school students. This will see some several hundreds of thousands high school student having a financial short fall of some Skr 740 per pupil per year.

Swedish police failed to pursue hate crime expressed on Twitter showing how toxic the Swedish police system is rife with institutional racism

Friday, 19 July 2013Swedish police
A little five-year-old Somali girl dies and a man goes of the micro blogging site, Twitter and expresses joy of the death of the little girl. Then the Police is informed, they check the site and see the racial incitement and stay quiet and did nothing.

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