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Not only in James Bond film, now there is a reality of a technique and product that can make objects hidden from view. Researchers are getting closer to being able to hide a solid object from sight, new research suggests. Read more from Business Insider.
Img: Nathan Landy with cloaking device / Duke university
Stefan Jacoby, the former CEO of Volvocars who has left his post due to illness in reported to be compensated big.
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Volvo Cars Corporation says it is to cut production of passenger cars in December by 5500 cars due to weak market demand.
Related
The Finnish government should abandon its majority stake in Finnair, and other owners found so that the new strategy for the growth of the airliner be guaranteed.
Swedish banks are enjoying what monopolies and company operating in environments were they have little competition do best. They can make money on the backs of their consumers anyhow as they wish. Evidence for this is how they use debit cards as cash cow.
Ericsson filed a lawsuit Tuesday in the United States against Samsung for infringing its patents, as two years of negotiations has failed to reach an concord.
Finnish handset maker Nokia Corp (NOK) Monday unveiled two additions to its increasingly successful portfolio of basic mobile phones aimed at less affluent customers in emerging markets.- Dowjones news
Swedish gambling company, Svenska Spel could be in trouble after allowing an underage gambler in its gambling platforms
Swedish industrial operations is in a place they'll rather not like to be at this moment and as the Christmas holidays approaches, many production places will close down early.
The Swedish major banks are taking the threats from the credit rating organisation, Standard and Poor's (S&P), to place them on a negative outlook with relaxation noting that such a threat is not "for them," according to Handelsbanken's press officer Henrik Westman.
Ericsson is expanding its business in Iran. Two mobile phone operators have been promised continued cooperation with the Swedish company, an internal document seen by Reuters confirms.
Volvo AB (VOLVB) plans to sell cheaper trucks and add capacity in India as it seeks to win market share from Ashok Leyland Ltd. (AL) and Mahindra & Mahindra Ltd. (MM) : Bloomberg News
Electrolux today issued a SEK 500m bond loan under its EMTN (Euro Medium Term Note) program.
Companies from China and the some Arab countries had shown interest in buying SAS. After the company was rescued, it turns out that these companies have withdrawn their interest.
Img: Radio Sweden
GKN Aerospace in Trollhättan, former Volvo Aero, will reduce its workforce by 350 people. The reduction will be achieved through natural attrition, according to media reports.
Weak global economic situation is weighing on heavy vehicle producer, Volvo, as it tends to cut down production as demand slide.Volvo Group delivered 20,254 vehicles in October, according to new figures from the company.
Concerns about the future of SAS has left huge amount of unsold tickets this week meaning that it would even add more pain to the cash strapped company.
Cash handler, Loomis said on Thursday that the company is on its way to reach the margin target of 10 percent by 2014, at the latest This comes after the company's capital market day in London.
Power and technology company ABB Ltd Thursday said it has appointed Eric Elzvik, the chief financial officer of its Discrete Automation and Motion division, as Group Chief Financial Officer and member of the Executive Committee, succeeding Michel Demaré. External source
Yesterday, the
perception was that airliner, SAS was making progress and would remain
buoyant in the future, but things don't seem to look as rosy as the
company would have wanted us to believe.
The Russian telecommunications operator, Megafon, where TeliaSonera is a part owner, has set price band for its IPO shares to range between 20 - 25 dollars apiece.
The sales of SAS subsidiary, Widerøe and the ground services should jointly raise Skr2 billion if SAS is determined to achieve the objectives of its savings plan. It is determined that the total sales of the SAS components will bring in up to Skr3billion.
Toyota has launched a recall of 2.8million car with faulty steering wheels and water pumps just a month after calling back more than 7million vehicles with faulty windows.
The numbers of Swedish bank offices or bank branches have declined steadily over the past four years.
Things are not looking so bright for the ailing Scandinavian airliners, SAS, as creditors don't trust the SAS's ability to pay back.
Clothing Company Björn Borg reported a profit after tax of Skr 25.1 million for the third quarter of 2012 compared with Skr 24.1millionsame time last year.
H&M was the biggest user of organic cotton worldwide in the second consecutive year in 2011, according to Textile Exchange´s latest Global Sustainable Textiles Market Report.
Alfa Laval has received an order to supply Alfa Laval Packinox heat exchangers to one of the world’s largest petrochemical complexes in Saudi Arabia.
Swedish telecom and Network equipment vendor Ericsson AB reported on Tuesday that it expects the total network equipment market to grow at a compound annual growth rate of 3 to 5 percent a year between 2012 and 2015.
Swedish bank Nordea AB said on Tuesday that it has signed new insurance partnerships with Tryg A/S and If.
Hygiene and forest company SCA is launching a new program of measures to reduce costs in the hygiene business.
Danish bank, Sydbank takes over Tønder Bank's banking activities, including employees, approximately 18,000 customers, real estate and other assets, but not hybrid capital, or so-called supplementary capital.
New revelations about TeliaSonera's business show how money was transferred to a Gibraltar Company, Takilant Ltd, an equivalent of over Skr2.2 billion, for which the company never had the 3G license that TeliaSonera claims to have bought.
The Swedish corporate scene continues to be tough as new figures for October show that the number of corporate bankruptcies continues to increase.
Swedish industrial production decline deepens in October as the producer's Managers Index or the PMI fell to 43.1 in October from 44.7 in September. Compared to same month last year, the purchasing managers' index was 49.8.
Defence and security company, Saab has received the first order for its HUD-system following flight evaluations by the US Army Aviation end customer with the system installed on a Blackhawk helicopter.
Finnish utility company, Fortum Oyj said on Wednesday it will sell small-scale hydropower assets in Sweden for an undisclosed figure.
Img / Msnbc
There has been the fight between those who accepted and those who rejected that the global climate was changing. Today there is documented evidence that there is global warming here.
The Swedish government will vote against any decision favouring the EU banking union at the Ecofin meeting next week.
Norway Oil Fund Buys Zurich Property From Credit Suisse For CHF1 Billion
Thursday, 29 November 2012
Norway's central bank said Thursday that the country's oil fund has agreed to pay Credit Suisse (CS) 1 billion Swiss francs ($1.08 billion) for an office complex in Zurich. - Dow Jones News
Office building, Uetlihof in Zurich - Foto: Oliver Stern / DN.no
Persistent racial and xenophobic scandals continue to take its toll on Sweden's powerful far right party as another party parliamentarian find himself taking about their agenda outside parliament once more.
A new comprehensive study with Swedish participation show that 270000 people in seven other countries in Europe suffer form caner in various forms caner is driven by smoking.
The Swedish far right party, Sweden Democrats is currently associated with violence and xenophobia scandals. But those scandals seems to have propelled the part's popularity.
Sweden's GDP grew by 0.7 percent in the third quarter compared to the same quarter of the 2001. Compared with the previous quarter, GDP rose by 0.5 percent.
Finnish schools the best in the world, again, UK improved but where is sweden?
Wednesday, 28 November 2012
Finland persistently maintains its position as the best country to design education and schools in such a way that pupils get the best pout of education. As such in a new classification, Finland remain a top dog in education, with South Korea in second and Hong Kong third.
There's a general uncertainty in the Swedish real estate market, and if information from various media reports should be taken seriously then something has to be dome otherwise the Swedish economy could struggle in the nearest future.
May Swedes will shrink their Christmas spreading for the first time as they feel hard hit in their wallet this year.
How Swedish companies are missing on lucrative international businesses due to weak and exaggerated risks analysis
Wednesday, 28 November 2012
Swedish companies dealing with international business are loosing businesses because they lack knowledge and strategy to get payments from those countries. This is because due to poor exposure, they tend to exaggerate risks associated with companies operating in certain countries such as China and Nigeria.
The Sweden economy lost momentum this year, reflecting the uncertain external environment and weakening household confidence as unemployment increased and house prices fell, OECD say.
Norway's Petroleum Safety Authority has ordered BP Plc (BP.LN) to implement immediate measures to comply with fire- and explosion-prevention requirements at its Ula P oil platform following an oil and gas leak in September at the North Sea facility.
As the economic crisis intensifies and the issue of globalisation becomes our economic main stay as cheap workers move to take jobs from traditionally more expensive workers, it has now become clear that high level of education would not in most cases lead to a better paying job and prosperous career.
Looks are playing an increasingly important role in work life success—but only for women reports Yle Finland
credit rating agency, Moody's raises its outlook for Swedish banks to "stable" from "negative", the organisation notified on Monday making it stand at odds with rival Standard & Poor's.
The proliferation and accelerates of deadly bacterial in Swedish has been blamed on tourists travelling to popular destinations outside Europe. A spite of increased resistant intestinal bacteria found in Sweden recently has been tied to such movements.
A new research from university of Lund, in Sweden show that people who consume more fizzy drinks and sodas are more exposed to cancer illness. According to a research conducted in Malmö on 8000 people, the result was explicit.
The forthcoming tougher requirements on Swedish banks generate positive effects on the economy. This is the opinion of Finansinspektionen (FI) in its report on bank interest rates and lending for the third quarter. In order for banks to further bolster their resilience, FI today clarifies its view on how much capital the banks should have for their mortgage lending.
British chancellor of the exchequer, George Osborne's persistent hell bent squeeze on public spending could last three years, longer than originally planned with tax rises or additional cuts required to reach his "fiscal mandate", a respected economic think-tank warns, reports the Independent.
The leader of the Swedish opposition party, Social Democrats, Stefan Löfven would love to see that the Swedish employment services gain more complimentary support from private sector so as to improve its efficiency and that of the labour market.
In Sweden, unemployment is a way of life but over the border, in Norway, there is the desperate need to fill vacancies. In the Mountains region of western Norway, Bergen there is the need for 32,000 workers.
The weather is battering the British counties, as more than 800 homes have been flooded with storms hitting parts of England and Wales, the country's Environment Agency has. According to the BBC 816 houses have been affected after a band of heavy rain and strong winds swept across the country. Details from the BBC
Overall EU spending proposed by Herman Van Rompuy remains €50billion higher than the initial British demand as David Cameron, as the EU leaders wrapped the first day of summit talks with little sign a deal was emerging that would satisfy the U.K. and a large, diverse pack of other member clamouring for a cut in spending.
The Swedish far right party, Sweden Democrat still look appealing to the Swedish voters as its public support does not seem to have been affected by the recent scandals, if the polling result from polling organisation, Skop's latest poll is to be believed.
Swedish Prime Minister, Fredrik Reinfeldt (Moderate) is pulling away from his challenger, Social democrats leader, Stefan Löfven when it comes to confidence of who could best lead the country.
An international hacker network is suspected to have hacked in the website of a Western Sweden (Västra Götaland Region) and accessed data from the healthcare sector. It is reported that lots of pateint's personal data might have been let loose.
Although Europe is considered an old tiring power with persistent impossibility for the unanimous member of the EU to agree on how to fix the Euro-wide economy, some leaders on the individual countries have stood out as top class economic technocrats. German and Swedish are classed as top.
The leader of the Social Democratic party, Stefan Löfven has been accused of being involved in an alleged corruption tangle surrounding the sale of fighter jets to South Africa, Swedish media reports are saying.
Britain borrowed much more than expected in October, thwarting Chancellor George Osborne in his efforts to reduce the deficit and shunt the economy away from stagnation. Read more from Reuters.
Swedish industry plans to invest SEK 57.5 billion in current prices in 2012. This indicates an increase of investment volume by 9 percent compared to 2011, official data from statistic Sweden show.
A Swedish
politician of the Swedish People's party, "Folkpartiet" has resigned
after making statements that is described as "could be construed" as
racist.
Ranging
for the effects of the persistent Euro-zone bailout and the stagnation
of policy making in the EU as well as the effect it is having on the
Finnish export industry which is the main source of growth, CNBC ask
the question about the future of this triple A rated country of
Northern Europe - report here.
Banks aren't properly recognizing the risk of losses on their mortgage books, the head of Sweden's central bank and chairman of the Basel Committee on banking supervision said Tuesday - DowJones news
The increase uncertainty in the Swedish economy where there has been growth in jobs losses and threats of jobs losses in various companies and in different sectors is beginning to have a toll on the Swedish housing market.
Incomes in Sweden have increased more than the average in the EU. At the same time, more people in Sweden run the risk of ending up below the EU limit for economic vulnerability, official data from Statistic Sweden show.
Sweden has a housing bubble and the Swedish growth based increasingly on unsustainable debt. This is the claim of a Dutch scholar, Dirk Bezemer, an economist at the University of Groningen, in Holland who is working in cooperation with Swedish television, They have been examining the Swedish economic developed since the 1990s. Img / Graphic: Swedish Television
Norway’s mass murderer urges terror suspect to use her trial to propagate their far-right ideology, writes The Independent
Swedish voter's confidence in the far right party, Sweden Democrats has slumped after scandal revelations earlier this week.
Just seven
months after the Lumia 900's launch, Nokia is giving it another go with
a new phone called the Lumia 920, mostly in the USA in which AT&T
sells for $100 with a two-year contract. Despite a few
hardware upgrades like a sharper screen, wireless charging, and very
capable camera, the Lumia 920 feels like Nokia took three baby steps
forward but one gigantic leap backward. Read more from Business Insider
Sweden's finance minister came under renewed pressure Friday to lower his upbeat growth forecasts for the Swedish economy, as the outlook for exports darkens due to the economic slowdown in the euro zone- External Source
On one part, as Sweden seeks to generate legitimacy of Somalis families seeking reunification with relatives in Sweden the institution of DNA testing has meant that Swedish authority's visible fatigue with the Somalis increase presence in Sweden, would be waved and families can have the chance to unit with loved one left behind in war toned Somalia.
The amount of antibiotic used in Sweden has been accounted to be among the lowest in Europe according to new statistics from the European disease control ECDC.
Probably learning from Sweden, many countries seem to have put more pressure on the notorious tax haven, Switzerland, to sign tax exchange agreements. As such the country seem determined to deviate from being a harbour for untaxed assets, the country's top negotiator on new tax treaties with European and U.S. authorities said Friday, reports Dow Jones News.
Swedish unemployment was 7.1 percent in October, not seasonally adjusted, according to latest official figures from Statistics Sweden's Labour Force Survey (LFS). Analysts had expected an unemployment rate of 7.4 percent, thus the fall came as a surprise to most after lost of various bad economic news and indicators.
New revelations about the leadership of the Swedish far right party, Sweden Democrats (SD) show how violent the party's position is within the Swedish political platform.
Img from Expressen showing far right politician. Ekeroth with iron bar.
Of the nearly 400,000 who were unemployed in September 150,000 are missing full compensation, according Unemployment Insurance Unions (SO). Back in 2008, the number without compensation due to lack of unemployment insurance contribution was 50 000.
Migration
Board
no longer believes that there is internal armed conflict in Somalia,
which will make it more difficult for asylum seekers from the country
to stay in Sweden.
Former Swedish Prime Minister, Göran Persson says that Sweden is more indebted than the crisis - hit country of Italy. As such he posit that a Swedish loan bubble is threatening to explode.
Confidence in the Swedish Prime Minister, Fredrik Reinfeldt (Moderate) in increasing among voters, even though the economy is at this moment in a mess.
According to a
new classification of prosperity of nation in terms of financial wealth
and other aspects that make up prosperity, the Scandinavian countries
have score high in the list.
Denmark's tax imposed on fatty food and sugar intended to improve public health, will be abolished.
A guard has died at the residence of the Swedish Prime Minister, Fredrik Reinfeldt's with reports saying that he might have killed himself.
Swedish
Industrial production decreased by 4.1 percent in September compared to
August in seasonally adjusted figures. Comparing September with the
same month in 2011, industrial production decreased by 5.0 percent in
working day adjusted figures.
Far right party, Sweden Democrats continues to perform well in the polls and support for the party is increasing.
The situation on the financial markets has improved since last year, but a persistent European sovereign-debt saga still present itself as one of the biggest destabilising risk to Sweden's financial system, the country's Financial Supervisory Authority (FI) said Thursday.
In a first step to revive diplomacy on the Iranian nuclear crisis, Iran has accepted to take part in a proposed Middle East nuclear conference to be held in Helsinki next month, according to various media reports.
Britain's graduates face an increasingly challenging jobs market, with 40percent failing to get graduate-calibre posts more than two years after leaving education. According to recent data and analysis reported on the Guardian, around twice the proportion of students who graduated a decade earlier, dealt with a better labour market. Read more
Swedish Finance Minister, Anders Borg, hopes for a Barack Obama win in the US general election on Tuesday.
Norway wealth funs of its oil fund have passed that of Abu Dhabi, and is now the world's largest state-owned investment fund.
The Swedish tax
authority in the eastern region in Sweden invited employees at a
conference banquet at Elmia, Jönköping in December last year and threw
away the party of the year.
The number of corporate bankruptcies in Sweden continues to increase showing that the Swedish economy is under enormous pressures and totalled 589 in October, an increase of 9 percent compared with the same month in the 2011.
Five Swedish men were shot in the Belgian Waterloo on Sunday morning. One of them says that he stood face to face with the muzzle of a gun aimed at him by one of the men.
Somali immigrants have fared better in the labour market in the United States and Canada than in Sweden, intensifying the question whether the Swedish society and job market is institutionally racist or that the Swedish authorities just lack the skills to harness the knowledge of the Somalis.
Obesity makes it more difficult for such people affected to get a job, a new research shows.
The Swedish Purchasing managers' index for services (PMI - services) rose to 50.3 in October from 47.2 in September.
The Euro economic crisis seems to be doing well to attract EU students to Sweden according to latest reports.
A Nigerian student is accusing officials at the University of Tampere of deliberately withholding his medical qualification. He has the support of two professors.
Danish police have not joined the Swedish police, especially of the Malmo region to call their own colleague with a different skin colour or racial background nagger - like connotation that in most cases will be seen as defamatory as commonly applied to the people of black origin.
The high-level austerity measures being adopted vehemently across various European countries are leading to nowhere as analysts see it costing more than healing the economies.
The Norwegians and the Danes have been the leading players in influencing the Swedish house market. The Danes, due to their own economic conditions at home, which has led to fall in the prices of Danish houses, have withdrawn from the Swedish property market.
Nordic Co-operation: Swedish unemployed are being out sourced to Norway where unemployment in falling and there in increased demand for labour. This particularly is moving to affect the youths who are the most affected by job market inflexibility.
The Scandinavian countries have shown the way once more via the Legatum Institute’s annual prosperity index which shows Norway, Denmark and Sweden declared the most prosperous in the index, published in London on Tuesday.
The booming border trade between Denmark and Germany has emerged as a hot political issue in Denmark. Danes have been flocking to shops in Southern German border to buy their essentials there fore they are cheaper than in Denmark.
How Sandy is drowning the American
east coast
Tuesday, 30
October 2012
Monster
storm
Sandy, one of the worst to hit the U.S., is drowning much of the East
Coast on Tuesday night Swedish time. Over three million households were
without electricity and cars are floated in the water masses in
Manhattan.
Olkiluoto is different from other idyllic islands off Finland’s west coast. Instead of summer cottages where Finns sunbathe and enjoy saunas under tall birch and pine trees, this is where the nation will store its most toxic nuclear waste for the next 100,000 years.
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The technique and the device that can make an object invisible
Tuesday, 13 November 2012Not only in James Bond film, now there is a reality of a technique and product that can make objects hidden from view. Researchers are getting closer to being able to hide a solid object from sight, new research suggests. Read more from Business Insider.
Img: Nathan Landy with cloaking device / Duke university
Volvo's sick and retired CEO, Jacobi received a big pay
Monday, 05 November 2012Stefan Jacoby, the former CEO of Volvocars who has left his post due to illness in reported to be compensated big.
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VOLVO cars corp., cuts production as demand sinks
Friday, 30 November 2012Volvo Cars Corporation says it is to cut production of passenger cars in December by 5500 cars due to weak market demand.
Related
Looks like Finnair would soon be getting into the market as state seek to reduce control
Wednesday, 28 November 2012The Finnish government should abandon its majority stake in Finnair, and other owners found so that the new strategy for the growth of the airliner be guaranteed.
Swedish banks making wealth from hidden fees on credit and debit cards
Tuesday, 27 November 2012Swedish banks are enjoying what monopolies and company operating in environments were they have little competition do best. They can make money on the backs of their consumers anyhow as they wish. Evidence for this is how they use debit cards as cash cow.
Ericsson sues Samsung - report
Tuesday, 27 November 2012Ericsson filed a lawsuit Tuesday in the United States against Samsung for infringing its patents, as two years of negotiations has failed to reach an concord.
Nokia Adds Smartphone-Like Features to New Basic Phones
Monday, 26 November 2012Finnish handset maker Nokia Corp (NOK) Monday unveiled two additions to its increasingly successful portfolio of basic mobile phones aimed at less affluent customers in emerging markets.- Dowjones news
Svenska spel to be scrutinized after TV report show unfair trading
Monday, 26 November 2012Swedish gambling company, Svenska Spel could be in trouble after allowing an underage gambler in its gambling platforms
Swedish industrial production will take a halt during Christmas as gloominess persist in the markets
Thursday, 22 November 2012Swedish industrial operations is in a place they'll rather not like to be at this moment and as the Christmas holidays approaches, many production places will close down early.
Swedish banks wave S&P credit rating downgrade threats to the background
Wednesday, 21 November 2012The Swedish major banks are taking the threats from the credit rating organisation, Standard and Poor's (S&P), to place them on a negative outlook with relaxation noting that such a threat is not "for them," according to Handelsbanken's press officer Henrik Westman.
Ericsson expanding operations in Iran despite criticism
Tuesday, 20 November 2012Ericsson is expanding its business in Iran. Two mobile phone operators have been promised continued cooperation with the Swedish company, an internal document seen by Reuters confirms.
Volvo Aims for No. 2 Rank in India Selling ‘Value’ Truck
Tuesday, 20 November 2012Volvo AB (VOLVB) plans to sell cheaper trucks and add capacity in India as it seeks to win market share from Ashok Leyland Ltd. (AL) and Mahindra & Mahindra Ltd. (MM) : Bloomberg News
Electrolux issues bond loan
Tuesday, 20 November 2012Electrolux today issued a SEK 500m bond loan under its EMTN (Euro Medium Term Note) program.
Interested parties in possible purchase of SAS withdrawn after EU rules
Tuesday, 20 November 2012Companies from China and the some Arab countries had shown interest in buying SAS. After the company was rescued, it turns out that these companies have withdrawn their interest.
GKN to cut down 350 jobs in Trollhättan near Gothenburg as competition pressures
Friday, 16 November 2012Img: Radio Sweden
GKN Aerospace in Trollhättan, former Volvo Aero, will reduce its workforce by 350 people. The reduction will be achieved through natural attrition, according to media reports.
Volvo draws down production
Friday, 16 November 2012Weak global economic situation is weighing on heavy vehicle producer, Volvo, as it tends to cut down production as demand slide.Volvo Group delivered 20,254 vehicles in October, according to new figures from the company.
-
Fall for VOLVO cars sales in the USA
-
Volvo shed jobs in Gothenburg and Umeå
-
MTG expands free-TV penetration and further strengthen pay-TV offering in Denmark
-
Uppsalla University to cut 325 jobs from the Academic sector
-
Scania to supply engines for aircraft towing vehicles
Worried about the future of SAS drives customers away for fear of being stranded in no man's land
Thursday, 15 November 2012
Concerns about the future of SAS has left huge amount of unsold tickets this week meaning that it would even add more pain to the cash strapped company.
Loomis says it is on our way to reach the margin target of 10% by 2014, at the latest
Thursday, 15 November 2012Cash handler, Loomis said on Thursday that the company is on its way to reach the margin target of 10 percent by 2014, at the latest This comes after the company's capital market day in London.
-
Poor H&M sales for October than expected
-
Swedish bank, SEB rejects as exaggeration Report that it would loss big should SAS goes under
ABB Appoints Eric Elzvik As Group Chief Financial Officer
Thursday, 15 November 2012Power and technology company ABB Ltd Thursday said it has appointed Eric Elzvik, the chief financial officer of its Discrete Automation and Motion division, as Group Chief Financial Officer and member of the Executive Committee, succeeding Michel Demaré. External source
Scandinavia's largest airline, SAS is much closer to the abyss than previously thought - Reports
Thursday, 15 November 2012TeliaSonera expected to enjoy from the Russian Megafon IPO
Thursday, 15 November 2012The Russian telecommunications operator, Megafon, where TeliaSonera is a part owner, has set price band for its IPO shares to range between 20 - 25 dollars apiece.
The sales of SAS would being in Skr3 billion - money badly needed to straighten its balance sheet
Wednesday, 14 November 2012The sales of SAS subsidiary, Widerøe and the ground services should jointly raise Skr2 billion if SAS is determined to achieve the objectives of its savings plan. It is determined that the total sales of the SAS components will bring in up to Skr3billion.
Toyota recalls 2.8 million cars, 12,710 cars in Sweden to resolve technical issues
Wednesday, 14 November 2012Toyota has launched a recall of 2.8million car with faulty steering wheels and water pumps just a month after calling back more than 7million vehicles with faulty windows.
How the Swedish banks are loosing branch offices around the country
Monday, 12 November 2012The numbers of Swedish bank offices or bank branches have declined steadily over the past four years.
Scandinavian airliners, SAS finally hit a bump and now relies on owners for survival
Friday, 09 November 2012
Things are not looking so bright for the ailing Scandinavian airliners, SAS, as creditors don't trust the SAS's ability to pay back.
Björn Borg reported an improved profit and increased sales
Friday, 09 November 2012Clothing Company Björn Borg reported a profit after tax of Skr 25.1 million for the third quarter of 2012 compared with Skr 24.1millionsame time last year.
H&M again world´s biggest user of organic cotton
Thursday, 08 November 2012H&M was the biggest user of organic cotton worldwide in the second consecutive year in 2011, according to Textile Exchange´s latest Global Sustainable Textiles Market Report.
Alfa Laval wins SEK 120 million-energy efficiency order in Saudi Arabia
Wednesday, 07 November 2012Alfa Laval has received an order to supply Alfa Laval Packinox heat exchangers to one of the world’s largest petrochemical complexes in Saudi Arabia.
Ericsson's Network Equipment Market to grow to between 3 and 5 percent 2012-2015
Tuesday, 06 November 2012Swedish telecom and Network equipment vendor Ericsson AB reported on Tuesday that it expects the total network equipment market to grow at a compound annual growth rate of 3 to 5 percent a year between 2012 and 2015.
Nordea Signs New Insurance Partnerships with Tryg and If
Tuesday, 06 November 2012Swedish bank Nordea AB said on Tuesday that it has signed new insurance partnerships with Tryg A/S and If.
Hygiene and Forest Company, SCA will save more, affecting some 1500 employees
Monday, 05 November 2012Hygiene and forest company SCA is launching a new program of measures to reduce costs in the hygiene business.
Danish banking sector continues to struggle as a bigger band swallows a smaller one
Monday, 05 November 2012Danish bank, Sydbank takes over Tønder Bank's banking activities, including employees, approximately 18,000 customers, real estate and other assets, but not hybrid capital, or so-called supplementary capital.
More trouble for TeliaSonera's business with the Uzbeck Company, Takilant as Takilant had never owned of a 3G license
Sunday, 04 November 2012New revelations about TeliaSonera's business show how money was transferred to a Gibraltar Company, Takilant Ltd, an equivalent of over Skr2.2 billion, for which the company never had the 3G license that TeliaSonera claims to have bought.
Swedish corporate bankruptcies continue to increase
Friday, 02 November 2012The Swedish corporate scene continues to be tough as new figures for October show that the number of corporate bankruptcies continues to increase.
Tough for Swedish industrial production as PMI fell to 43.1 in October
Thursday, 01 November 2012Swedish industrial production decline deepens in October as the producer's Managers Index or the PMI fell to 43.1 in October from 44.7 in September. Compared to same month last year, the purchasing managers' index was 49.8.
Saab in First Order for Head-Up Display System
Wednesday, 31 October 2012Defence and security company, Saab has received the first order for its HUD-system following flight evaluations by the US Army Aviation end customer with the system installed on a Blackhawk helicopter.
Finnish utility company Fortum sells hydropower
Wednesday, 31 October 2012Finnish utility company, Fortum Oyj said on Wednesday it will sell small-scale hydropower assets in Sweden for an undisclosed figure.
Ice melt from Antarctica, Greenland increasing sea levels, an alarm has been raised
Friday, 30 November 2012Img / Msnbc
There has been the fight between those who accepted and those who rejected that the global climate was changing. Today there is documented evidence that there is global warming here.
Swedish government not yet ready for EU banking union- Finance Minister
Friday, 30 November 2012The Swedish government will vote against any decision favouring the EU banking union at the Ecofin meeting next week.
Norway Oil Fund Buys Zurich Property From Credit Suisse For CHF1 Billion
Thursday, 29 November 2012
Norway's central bank said Thursday that the country's oil fund has agreed to pay Credit Suisse (CS) 1 billion Swiss francs ($1.08 billion) for an office complex in Zurich. - Dow Jones News
Office building, Uetlihof in Zurich - Foto: Oliver Stern / DN.no
More racial scandals rocks sweden democrats as another party heavyweight leaves parliament.
Thursday, 29 November 2012Persistent racial and xenophobic scandals continue to take its toll on Sweden's powerful far right party as another party parliamentarian find himself taking about their agenda outside parliament once more.
Smoking poses the greatest cause of cancer - study
Thursday, 29 November 2012A new comprehensive study with Swedish participation show that 270000 people in seven other countries in Europe suffer form caner in various forms caner is driven by smoking.
Scandal in the Swedish far right party, Sweden Democrats means increase popularity
Thursday, 29 November 2012The Swedish far right party, Sweden Democrats is currently associated with violence and xenophobia scandals. But those scandals seems to have propelled the part's popularity.
Increased consumer spending pushed Swedish GDP to a better than expected 0.7 percent growth in the third quarter of 2012
Thursday, 29 November 2012Sweden's GDP grew by 0.7 percent in the third quarter compared to the same quarter of the 2001. Compared with the previous quarter, GDP rose by 0.5 percent.
Finnish schools the best in the world, again, UK improved but where is sweden?
Wednesday, 28 November 2012
Finland persistently maintains its position as the best country to design education and schools in such a way that pupils get the best pout of education. As such in a new classification, Finland remain a top dog in education, with South Korea in second and Hong Kong third.
Pressing problems in the Swedish real estate sector could spell problems to the perceived balanced economy
Wednesday, 28 November 2012There's a general uncertainty in the Swedish real estate market, and if information from various media reports should be taken seriously then something has to be dome otherwise the Swedish economy could struggle in the nearest future.
Swedes enter subdued Christmas spending mood this year
Wednesday, 28 November 2012May Swedes will shrink their Christmas spreading for the first time as they feel hard hit in their wallet this year.
How Swedish companies are missing on lucrative international businesses due to weak and exaggerated risks analysis
Wednesday, 28 November 2012Swedish companies dealing with international business are loosing businesses because they lack knowledge and strategy to get payments from those countries. This is because due to poor exposure, they tend to exaggerate risks associated with companies operating in certain countries such as China and Nigeria.
OECD warns of Sweden house price fall but a slightly positive outlook
Tuesday, 27 November 2012The Sweden economy lost momentum this year, reflecting the uncertain external environment and weakening household confidence as unemployment increased and house prices fell, OECD say.
Norway Regulator press BP to Implement Safety Measures at Oil Platform
Tuesday, 27 November 2012Norway's Petroleum Safety Authority has ordered BP Plc (BP.LN) to implement immediate measures to comply with fire- and explosion-prevention requirements at its Ula P oil platform following an oil and gas leak in September at the North Sea facility.
Fact: Higher education not usually the best approach to a better life and good pay
Monday, 26 November 2012As the economic crisis intensifies and the issue of globalisation becomes our economic main stay as cheap workers move to take jobs from traditionally more expensive workers, it has now become clear that high level of education would not in most cases lead to a better paying job and prosperous career.
Tall and beautiful women earn more - Study
Monday, 26 November 2012Looks are playing an increasingly important role in work life success—but only for women reports Yle Finland
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U.K. Government names New BOE Governor
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Bank of England appoints new governor, Canadian Mark Carney - CITY AM
MOODY'S, impressed with Swedish banks
Monday, 26 November 2012credit rating agency, Moody's raises its outlook for Swedish banks to "stable" from "negative", the organisation notified on Monday making it stand at odds with rival Standard & Poor's.
ourists accused of bringing deadly bacteria back home
Monday, 26 November 2012The proliferation and accelerates of deadly bacterial in Swedish has been blamed on tourists travelling to popular destinations outside Europe. A spite of increased resistant intestinal bacteria found in Sweden recently has been tied to such movements.
People who consume more sweet drinks and sodas are ore exposed to cancer
Monday, 26 November 2012A new research from university of Lund, in Sweden show that people who consume more fizzy drinks and sodas are more exposed to cancer illness. According to a research conducted in Malmö on 8000 people, the result was explicit.
The economy will benefit from stricter requirements on banks as Sweden Finansinspektionen (FSA) Proposes tougher requirements on Swedish banks mortgage lending requirement
Monday, 26 November 2012The forthcoming tougher requirements on Swedish banks generate positive effects on the economy. This is the opinion of Finansinspektionen (FI) in its report on bank interest rates and lending for the third quarter. In order for banks to further bolster their resilience, FI today clarifies its view on how much capital the banks should have for their mortgage lending.
British austerity drive 'may have to last for eight years'
Monday, 26 November 2012British chancellor of the exchequer, George Osborne's persistent hell bent squeeze on public spending could last three years, longer than originally planned with tax rises or additional cuts required to reach his "fiscal mandate", a respected economic think-tank warns, reports the Independent.
Swedish Social Democrats leader, Stefan Löfven wants to encourage private employment agencies to compliment the national employment service.
Monday, 26 November 2012The leader of the Swedish opposition party, Social Democrats, Stefan Löfven would love to see that the Swedish employment services gain more complimentary support from private sector so as to improve its efficiency and that of the labour market.
Norwegian mountain region of Bergen desperately seeking to fill 32,000 positions
Sunday, 25 November 2012In Sweden, unemployment is a way of life but over the border, in Norway, there is the desperate need to fill vacancies. In the Mountains region of western Norway, Bergen there is the need for 32,000 workers.
Britain hit by Floods as more than 800 homes get under water
Sunday, 25 November 2012The weather is battering the British counties, as more than 800 homes have been flooded with storms hitting parts of England and Wales, the country's Environment Agency has. According to the BBC 816 houses have been affected after a band of heavy rain and strong winds swept across the country. Details from the BBC
British PM, David Cameron fails to cut EU bureaucracy but build "cut" coalition with Sweden, Holland and France
Friday, 23 November 2012Overall EU spending proposed by Herman Van Rompuy remains €50billion higher than the initial British demand as David Cameron, as the EU leaders wrapped the first day of summit talks with little sign a deal was emerging that would satisfy the U.K. and a large, diverse pack of other member clamouring for a cut in spending.
Swedish far right party, Sweden Democrats continue to appear appealing to the Swedish voters despite recent scandal
Friday, 23 November 2012The Swedish far right party, Sweden Democrat still look appealing to the Swedish voters as its public support does not seem to have been affected by the recent scandals, if the polling result from polling organisation, Skop's latest poll is to be believed.
More popular than his party and his opposition rival Stefan Löfven
Friday, 23 November 2012Swedish Prime Minister, Fredrik Reinfeldt (Moderate) is pulling away from his challenger, Social democrats leader, Stefan Löfven when it comes to confidence of who could best lead the country.
Regional governement's Healthcare sector reportedly hacked by Assange supporters
Friday, 23 November 2012An international hacker network is suspected to have hacked in the website of a Western Sweden (Västra Götaland Region) and accessed data from the healthcare sector. It is reported that lots of pateint's personal data might have been let loose.
Who are the leading European financial politicians? Anders Borg Beaten by German on top spot
Thursday, 22 November 2012Although Europe is considered an old tiring power with persistent impossibility for the unanimous member of the EU to agree on how to fix the Euro-wide economy, some leaders on the individual countries have stood out as top class economic technocrats. German and Swedish are classed as top.
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Swedish Finance Minister delays economic and budget forecast as uncertainty cloud his thoughts
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Hidden behind the hype of the wonders of Sweden - Scores of families go without money for food
Could the leader of the Social democrats, Stefan Löfven be involved in corruption?
Wednesday, 21 November 2012The leader of the Social Democratic party, Stefan Löfven has been accused of being involved in an alleged corruption tangle surrounding the sale of fighter jets to South Africa, Swedish media reports are saying.
How the wrong British economic strategy continues, to drag the economy down - Borrowing shot up again - Reuters
Wednesday, 21 November 2012Britain borrowed much more than expected in October, thwarting Chancellor George Osborne in his efforts to reduce the deficit and shunt the economy away from stagnation. Read more from Reuters.
Investments in Swedish industry expected to increase in the coming years
Wednesday, 21 November 2012Swedish industry plans to invest SEK 57.5 billion in current prices in 2012. This indicates an increase of investment volume by 9 percent compared to 2011, official data from statistic Sweden show.
Swedish People's party politician resigns as aspects of racism in his blood exposed
Wednesday, 21 November 2012A Swedish
politician of the Swedish People's party, "Folkpartiet" has resigned
after making statements that is described as "could be construed" as
racist.Is Finland Pricing Itself Out of Global Competition? CNBC Ask
Tuesday, 20 November 2012Ranging
for the effects of the persistent Euro-zone bailout and the stagnation
of policy making in the EU as well as the effect it is having on the
Finnish export industry which is the main source of growth, CNBC ask
the question about the future of this triple A rated country of
Northern Europe - report here.Swedish Riksbank's Ingves: Mortgages Need Higher Risk Weights
Tuesday, 20 November 2012Banks aren't properly recognizing the risk of losses on their mortgage books, the head of Sweden's central bank and chairman of the Basel Committee on banking supervision said Tuesday - DowJones news
Persistent threats of jobs losses kill Swedish housing market
Tuesday, 20 November 2012The increase uncertainty in the Swedish economy where there has been growth in jobs losses and threats of jobs losses in various companies and in different sectors is beginning to have a toll on the Swedish housing market.
Swedish incomes grew more compared to other EU countries but the risk of poverty still persist
Monday, 19 November 2012Incomes in Sweden have increased more than the average in the EU. At the same time, more people in Sweden run the risk of ending up below the EU limit for economic vulnerability, official data from Statistic Sweden show.
"The Swedish economy is driven by debt bubble" - Dutch Scholar warns
Monday, 19 November 2012Sweden has a housing bubble and the Swedish growth based increasingly on unsustainable debt. This is the claim of a Dutch scholar, Dirk Bezemer, an economist at the University of Groningen, in Holland who is working in cooperation with Swedish television, They have been examining the Swedish economic developed since the 1990s. Img / Graphic: Swedish Television
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Statoil, threatens to leave Norway
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Growing cost and quest for quality calling back European fashion firms from Asia back to Europe
Breivik writes fan letter to German ‘Nazi killer’
Monday, 19 November 2012Norway’s mass murderer urges terror suspect to use her trial to propagate their far-right ideology, writes The Independent
Trouble for the Swedish far right party as its confidence fall
Sunday, 18 November 2012Swedish voter's confidence in the far right party, Sweden Democrats has slumped after scandal revelations earlier this week.
Nokia's New Windows Phone, The Lumia 920 is being reviewed
Sunday, 18 November 2012Just seven
months after the Lumia 900's launch, Nokia is giving it another go with
a new phone called the Lumia 920, mostly in the USA in which AT&T
sells for $100 with a two-year contract. Despite a few
hardware upgrades like a sharper screen, wireless charging, and very
capable camera, the Lumia 920 feels like Nokia took three baby steps
forward but one gigantic leap backward. Read more from Business Insider
Swedish Finance Minister Comes Under Pressure To Cut Growth Forecasts
Friday, 16 November 2012Sweden's finance minister came under renewed pressure Friday to lower his upbeat growth forecasts for the Swedish economy, as the outlook for exports darkens due to the economic slowdown in the euro zone- External Source
Explosion of DNA tests regarding Somali family reunification in Sweden
Friday, 16 November 2012On one part, as Sweden seeks to generate legitimacy of Somalis families seeking reunification with relatives in Sweden the institution of DNA testing has meant that Swedish authority's visible fatigue with the Somalis increase presence in Sweden, would be waved and families can have the chance to unit with loved one left behind in war toned Somalia.
Swedes use less antibiotics comparatively as anti-biotic resistance increases in the European area
Friday, 16 November 2012The amount of antibiotic used in Sweden has been accounted to be among the lowest in Europe according to new statistics from the European disease control ECDC.
Switzerland would not want to be associated with a haven for untaxed assts again
Friday, 16 November 2012Probably learning from Sweden, many countries seem to have put more pressure on the notorious tax haven, Switzerland, to sign tax exchange agreements. As such the country seem determined to deviate from being a harbour for untaxed assets, the country's top negotiator on new tax treaties with European and U.S. authorities said Friday, reports Dow Jones News.
Surprise fall in Swedish unemployment than expected
Thursday, 15 November 2012Swedish unemployment was 7.1 percent in October, not seasonally adjusted, according to latest official figures from Statistics Sweden's Labour Force Survey (LFS). Analysts had expected an unemployment rate of 7.4 percent, thus the fall came as a surprise to most after lost of various bad economic news and indicators.
Sweden Democrats show how violent they are with tops party officials arming themselves with iron bars and threatening people
Thursday, 15 November 2012New revelations about the leadership of the Swedish far right party, Sweden Democrats (SD) show how violent the party's position is within the Swedish political platform.
Img from Expressen showing far right politician. Ekeroth with iron bar.
150,000 Swedish unemployed without a form of unemployment support and compensation
Wednesday, 14 November 2012Of the nearly 400,000 who were unemployed in September 150,000 are missing full compensation, according Unemployment Insurance Unions (SO). Back in 2008, the number without compensation due to lack of unemployment insurance contribution was 50 000.
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British unemployment falls but increases in London
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Bank of England cut growth forecast sees inflation grow
Swedish Migration Board wants to design a ploy to reject Somali refugees
Tuesday, 13 November 2012Migration
Board
no longer believes that there is internal armed conflict in Somalia,
which will make it more difficult for asylum seekers from the country
to stay in Sweden.Sweden more indebted than Italy: Former PM, Persson
Tuesday, 13 November 2012Former Swedish Prime Minister, Göran Persson says that Sweden is more indebted than the crisis - hit country of Italy. As such he posit that a Swedish loan bubble is threatening to explode.
Swedish Premier Fredrik Reinfeldt continues to poll better among voters than his challenger, Löfven
Monday, 12 November 2012Confidence in the Swedish Prime Minister, Fredrik Reinfeldt (Moderate) in increasing among voters, even though the economy is at this moment in a mess.
Scandinavia countries lead global ranking the best and rich countries to live - a new ranking show
Saturday, 10 November 2012According to a
new classification of prosperity of nation in terms of financial wealth
and other aspects that make up prosperity, the Scandinavian countries
have score high in the list.Denmark to scrap fat tax as it create more problems than solutions intended
Saturday, 10 November 2012Denmark's tax imposed on fatty food and sugar intended to improve public health, will be abolished.
Security guard dead at the residence of the Swedish prime minister, Reinfeldt
Friday, 09 November 2012 - 3:33:32pmA guard has died at the residence of the Swedish Prime Minister, Fredrik Reinfeldt's with reports saying that he might have killed himself.
Spectacular fall in Swedish industrial production as experts call for reduction in key rates
Friday, 09 November 2012Swedish
Industrial production decreased by 4.1 percent in September compared to
August in seasonally adjusted figures. Comparing September with the
same month in 2011, industrial production decreased by 5.0 percent in
working day adjusted figures.
Far right party, Sweden Democrats continues to rise in the polls
Friday, 09 November 2012Far right party, Sweden Democrats continues to perform well in the polls and support for the party is increasing.
Swedish financial system is strong but the weak Europe still leave the system vulnerable
Thursday, 08 November 2012The situation on the financial markets has improved since last year, but a persistent European sovereign-debt saga still present itself as one of the biggest destabilising risk to Sweden's financial system, the country's Financial Supervisory Authority (FI) said Thursday.
Iran to attend nuclear-free Middle East talks in Helsinki Next month
Thursday, 08 November 2012In a first step to revive diplomacy on the Iranian nuclear crisis, Iran has accepted to take part in a proposed Middle East nuclear conference to be held in Helsinki next month, according to various media reports.
British Graduate job prospects declining, tracking of university students finds
Wednesday, 07 November 2012Britain's graduates face an increasingly challenging jobs market, with 40percent failing to get graduate-calibre posts more than two years after leaving education. According to recent data and analysis reported on the Guardian, around twice the proportion of students who graduated a decade earlier, dealt with a better labour market. Read more
Swedish Finance Minister, Anders Borg, would hope for an Obama win
Tuesday, 06 November 2012Swedish Finance Minister, Anders Borg, hopes for a Barack Obama win in the US general election on Tuesday.
Norwegian Oil Fund, becomes the world's largest
Tuesday, 06 November 2012Norway wealth funs of its oil fund have passed that of Abu Dhabi, and is now the world's largest state-owned investment fund.
Swedish tax authority partied for Skr3.4 million
Tuesday, 06 November 2012The Swedish tax
authority in the eastern region in Sweden invited employees at a
conference banquet at Elmia, Jönköping in December last year and threw
away the party of the year.Swedish bankruptcies continues to increase as the economic climate continues to look uncertain
Tuesday, 06 November 2012The number of corporate bankruptcies in Sweden continues to increase showing that the Swedish economy is under enormous pressures and totalled 589 in October, an increase of 9 percent compared with the same month in the 2011.
Five Swedes shot in Belgium
Tuesday, 06 November 2012Five Swedish men were shot in the Belgian Waterloo on Sunday morning. One of them says that he stood face to face with the muzzle of a gun aimed at him by one of the men.
Somalis find it easier to obtain a job and career in other leading countries than Sweden
Monday, 05 November 2012Somali immigrants have fared better in the labour market in the United States and Canada than in Sweden, intensifying the question whether the Swedish society and job market is institutionally racist or that the Swedish authorities just lack the skills to harness the knowledge of the Somalis.
Obesity affects employment prospect and employee performances
Monday, 05 November 2012Obesity makes it more difficult for such people affected to get a job, a new research shows.
Swedish PMI for services rose to 50.3 in October as decline in the service sector remain stagnated
Monday, 05 November 2012The Swedish Purchasing managers' index for services (PMI - services) rose to 50.3 in October from 47.2 in September.
EU economic crisis attracts students to Sweden
Sunday, 04 November 2012The Euro economic crisis seems to be doing well to attract EU students to Sweden according to latest reports.
African Student calls out a Finnish university on racism
Friday, 02 November 2012A Nigerian student is accusing officials at the University of Tampere of deliberately withholding his medical qualification. He has the support of two professors.
Danish police join Swedish police to do what Europe knows best - racial profiling
Thursday, 01 November 2012Danish police have not joined the Swedish police, especially of the Malmo region to call their own colleague with a different skin colour or racial background nagger - like connotation that in most cases will be seen as defamatory as commonly applied to the people of black origin.
Austerity measures are killing economic growth and worsening debt situation in Europe - Report
Wednesday, 31 October 2012The high-level austerity measures being adopted vehemently across various European countries are leading to nowhere as analysts see it costing more than healing the economies.
Another example of Nordic co-operation, How Norwegians and Danes are influencing the Swedish real estate market
Wednesday, 31 October 2012The Norwegians and the Danes have been the leading players in influencing the Swedish house market. The Danes, due to their own economic conditions at home, which has led to fall in the prices of Danish houses, have withdrawn from the Swedish property market.
Swedish Unemployed outsourced to Norway
Wednesday, 31 October 2012Nordic Co-operation: Swedish unemployed are being out sourced to Norway where unemployment in falling and there in increased demand for labour. This particularly is moving to affect the youths who are the most affected by job market inflexibility.
Scandinavian leads the prosperity table - Norway: number 1
Tuesday, 30 October 2012The Scandinavian countries have shown the way once more via the Legatum Institute’s annual prosperity index which shows Norway, Denmark and Sweden declared the most prosperous in the index, published in London on Tuesday.
Booming border trade on the Danish - Germans border, will cost jobs in Denmark
Tuesday, 30 October 2012The booming border trade between Denmark and Germany has emerged as a hot political issue in Denmark. Danes have been flocking to shops in Southern German border to buy their essentials there fore they are cheaper than in Denmark.
How Sandy is drowning the American
east coast
Tuesday, 30
October 2012Monster
storm
Sandy, one of the worst to hit the U.S., is drowning much of the East
Coast on Tuesday night Swedish time. Over three million households were
without electricity and cars are floated in the water masses in
Manhattan.Finland Builds Nuclear Dump at Island as Obama, Merkel Lag : Bloomberg News
Tuesday, 30 October 2012Olkiluoto is different from other idyllic islands off Finland’s west coast. Instead of summer cottages where Finns sunbathe and enjoy saunas under tall birch and pine trees, this is where the nation will store its most toxic nuclear waste for the next 100,000 years.
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