Sweden is waiting to win six Olympic
medals in London Monday, 23 July
2012 Sweden will
take a total of six medals at the Summer Olympics in London, two of
them could be gold. They will come behind Norway who is pitted to
collect 10 medals, according to the American big bank Goldman Sachs in
a calculation after analyzing the link between economic growth and
prosperity for countries in the Olympic Game
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Thursday, 26
July 2012 The Swedish -
British pharmaceutical company AstraZeneca reported earnings per share
for the core (Core) at $ 1.53 in the second quarter of 2012 (1.73), as
shown on its interim report.
Tuesday, 24
July 2012 Heavy duty
vehicle manufacturer, AB Volvo reports a profit before tax of
Skr6.764
million for the second quarter of 2012. This was better than expected.
Monday, 23 July
2012 Swedish
clothing giant, H&M says it does not plan to increase clothes
prices in Spain despite the government's decision to increase VAT to 21
percent from 18 percent.
Friday, 20 July
2012 Bus and truck
manufacturer Scania reported a profit before tax of Skr1.88 million in
the second quarter described by various analysts houses as impressive.
Thursday, 19
July 2012 Swedish white
good company, Electrolux has been getting praises here and there for
reporting an impressive quarterly profit far exceeding expectations for
the second quarter.
Thursday, 19
July 2012 The Finnish
mobile phone giant Nokia reported a loss before tax of €878 million,
about Skr7.5 billion, for the second quarter. This compares with a loss
of €544 million the same period in 2011
Wednesday, 18
July 2012 Swedbandk
seems to have detracted from that role in its latest quarterly report.
It CEO Michael Wolf delivered a slightly lower profit in the second
quarter than would have been expected.
Tuesday, 17
July 2012 Handelsbanken
reports an operating profit of Skr4.528 million in the second quarter.
This compares with earnings of Skr4 136 million in the corresponding
period last year.
Monday, 16 July
2012 H&M Group
total sales including VAT in local currencies increased
by 13 percent in June 2012, compared to the
same month the previous year.
Thursday, 12
July 2012 A Swedish man
from Östersund Southern Sweden was shocked when he checked his bank
account on Wednesday and found lots of money there.
Tuesday, 10
July 2012
Spectacular
respectable Telenor tells a customer to burn to hell for asking
questions about her phone bill. Hoe big and arrogant is equal to best
business practice.
Monday, 09 July
2012 Sweden
is seeing a growing number of fraud in its society as last year, police
in received cases relating to fraud up to 115 000 complaints, a
doubling in ten years.
Monday, 09 July
2012 The
founder of Ikea Ingvar Kamprad has donated Skr75 million to a
retirement home in Swiss Epalinges, where he has resided since 1976
Tuesday, 03
July 2012 Nimbus Boats,
the largest manufacturer of pleasure boats in Scandinavia which
headquarter in Långedrag, Gothenburg has applied for bankruptcy
protection and currently being taken over by the administrators.
Tuesday, 03
July 2012 Although the
Chinese Youngman, failed to buy Saab Automobile's bankruptcy estate, it
continues to struggle to own some of the core components of Saab
automobile.
Monday, 02 July
2012 Big and leading
Norwegian companies such as the Oslo Stock Exchange, Schibsted, DNB,
PST, and the Norwegian Bettingas as well as and online newspapers have
been attacked by hackers.
Friday, 29 June
2012 Nokia's
CEO Stephen Elop admitted on Thursday that the company failed to
anticipate the rapidly changing mobile industry and that it is one of
the reasons behind its decline.
Thursday, 28
June 2012 Alfa Laval has
won an order to supply a unique evaporation system to an AkzoNobel
chemical plant in Germany, according to a press release.
Wednesday, 27
June 2012 The airliner,
Air Finlandis keeping all its flights on the ground and then
after 10-years in the
package tour operator files for bankruptcy.
Monday, 25 June
2012 The Social
media site more popular for the Swedish professionals today is
LinkedIn. One-fifth of Sweden's labour
force is now registered on the career network site.
Friday, 22 June
2012 As the global
financial market has been struggling in the past months as a result of
the financial crisis and the Euro crisis, the banks will likely be
dragging it down once again.
Friday, 27 July
2012 Swedish
scientists are developing what could be called a ground breaking
approach in medicine which will see a model whereby the urge sensation
for alcohol consumption will be removed from the brain.
Friday, 27 July
2012 Swedish people
are choosing to give up their fixed line subscription and lean towards
mobile telephony instead. Today, there are about 4.5 million Swedes who
have a fixed line rental, and that is 700 000 less than it was just
three years ago.
Several
Swedish
companies are ready lining up to start establishing themselves in the
former military dictatorship in Burma. Telecoms giant Ericsson and the
two truck manufacturers Scania and Volvo are the few that have shown
indication that they will be heading the queue.
Thursday, 26
July 2012 Sweden is a
small country that wants to behave as a big economy. However, its
unfortunate position is that it relies most on exports for survival.
Therefore, as efficient as Sweden is in the inside, it cannot influence
how the outside will be.
Thursday, 26
July 2012 "Immigrants
come here and take our jobs," the Swedes always say most of the time
when they see eastern Europeans. Now maybe is the time the Swedes go
and take the jobs from other people, in their own countries.
Thursday, 26
July 2012 Should a
failing economy such as the UK keep its triple A statue just like
economies such as Germany, France and Sweden which are bending backward
to make economic sense.
Wednesday, 25
July 2012 Sweden's
negotiations with the Czech Republic on the lease of 14 Swedish-made
Gripen fighters have come to a grinding halt - Swedish media say it has
temporarily stalled.
Wednesday, 25
July 2012 Left of this
Nasa image show full ice cover and the the Greenland on the right
shows no ice - puzzling! A new image
from NASA has shown that in just four days there has been a large
Greenland ice melt in key areas, which jumped from 40 percent of the
ice sheet to 97 percent from 8 July.
Tuesday, 24
July 2012 As the Swedish
economy continues to struggle and its infrastructure needing
revamping,
people, or better still analysts and pressure groups - lobbyists?, are
talking here and there about that this is the best time for the
government to borrow and kick start an infrastructure development or
redevelopment and expansion. Is the real?
Tuesday, 24
July 2012 The Danish
economic situation is not as good as one would associate it with the
supposedly buoyant Scandinavia. Unemployment in Denmark, which has
traditionally been around 2 to 3 percent, is now loosen up and growing
uncontrollably.
Sunday, 22 July
2012 The world's
super-rich are reported to have hidden hundreds of billions of dollars
in tax havens. The money has mostly been hidden from the tax collectors
- money which if collected would have been enough to pay off the
national debts of several African countries - or solve euro crisis -
according to a new report circulating in Sweden.
Friday, 20 July
2012 The Swedish
debt enforcement organisation, Kronofogden is forced to seek additional
resources to cope with the influx of people applying for debt
consolidation.
Thursday, 19
July 2012 The strength of
the Swedish economy has been confirmed today as the credit rating
organisation, Fitch confirms Sweden's AAA credit rating, with stable
outlook.
Thursday, 19
July 2012 If killing the
Indian tourism industry or no allowing economic assistance to the needy
in protest of Scandinavia refusal to deport a terror suspect is the way
to go about it, then India will pursue just that.
Thursday, 19
July 2012 Some sort of
substance, probably gaseous, is reported to have spread late on
Wednesday night in subway building in Solna, in Stockholm Sweden.
Thursday, 19
July 2012 The Euro fell
to the Swedish Krona on Wednesday giving the Swedish currency one of it
biggest gains over the Euro single currency since the 2000
A new study has
show that eating too much fish can increase the risk of getting stroke.
This detracts from the advices given my diet experts that fish is good
for us.
Tuesday, 17
July 2012 Britain became
one of the industrialised countries that could not produce tangible
goods even though many revolutionary creations started from here. They
shifted to the financial and banking sector.
Tuesday, 17
July 2012 Trading in the
Nordic biggest bank Nordea has seen the trading of its shares stopped
trading on the stock exchanges in Stockholm, Copenhagen and Oslo, as an
investor alert.
Tuesday, 17
July 2012 Swedish venture
capital organisations want to be accepted by the Swedish population as
a way of financing and growing businesses. For this reason, they want
to come clean and transparent - Yeah?
Monday, 16 July
2012 Questions are
being asked in the Swedish banking sector if similar libor scandal and
rate fixing as in the UK is also entrenched in the Swedish banking
system.
Monday, 16 July
2012 The Olympic
Games is in London but the Swedish business people will be cashing on
it as if it were in Sweden. Therefore, Swedish traders are
expecting a
boost in their operation in conformity with the game.
Friday, 13 July
2012 The Swedish
governing coalition, the Alliance and the current Prime Minister,
Fredrik Reinfeldt, could be described as working extremely hard to
improve situations in the country and the economy. Nevertheless, the
public does not seem to understand what they are doing.
Friday, 13 July
2012 Stress, boredom
and uncertainty in their futures means that more and more young people
in Sweden are being increased anti depressants.
Friday, 13 July
2012 The Finnish
Ministry of the Interior believes that more police officers with an
immigrant background would be needed in the Finnish police force.
Thursday, 12
July 2012 Swedish
State-owned energy company, Vattenfall confirmed media reports that it
will build a new gas and steam turbine power plant in Hamburg, Germany
as it work up to gain from the energy sector which is one of the
fastest growing business sector globally.
Thursday, 12
July 2012 Two Swedish
banks, SEB and Swedbank are facing trouble with the authorities as they
are being investigated for competition issues.
Thursday, 12
July 2012 The Norwegian
budget airliner, Norwegian reported a weaker than expected second
quarter result which made the boss, Bjørn Kjos irritated.
The like of
Barack Obama, Finnish far right party leader, Timo Soini, German
Chancellor, Angela Merkel, British Prime minister, David Cameron,
French president Francois Hollande are among the 13 people that have
been classed as destroying the global economy.
Wednesday, 11
July 2012 Swedish house
prices have risen slight recently with the prices of condominiums going
up within the past three months by one percent averagely nation wide.
Wednesday, 11
July 2012 The Finnish
opposition and economics experts have put forward demands that Finland
should consider to what would happen if Finland did leave the euro.
Wednesday, 11
July 2012 US national Eva
Rausing, 48, a member of the family behind the Tetra-Pak cartons
empire, was found dead at Cadogan Place, Belgravia, London on Monday.
Her husband arrested and kept in a clinic for drugs related issues.
Tuesday, 10
July 2012 Traditionally
internet surfing during working hours or what is referred here as
private browsing is discouraged. But that looks like it might soon
change if the finding result from a recent study is considered credible.
Tuesday, 10
July 2012 A
new cancer risk alarm warns that there is higher possibility to be
affected by malignant melanoma in a coastal region in Sweden such
as more Gothenburg as well as along the coastline than in the
municipalities interior, a new observatory study has identified.
Tuesday, 10
July 2012 New
orders for Swedish industry increased by 4.5 percent in May compared
with April. On an annual basis, however, the total orders show a
continued fall. In May it fell by 3.3 percent over the same month last
year
Tuesday, 10
July 2012 The
Norwegian government has taken a bold step to stop a pending strike
that was on its way in the sector by platform workers and prevented a
possible shutdown of oil production that the strike would have ensure.
The government's action was saving a situation that could have cost
Nkr2 billion
Tuesday, 10
July 2012 Swedish
people are not shopping as required and clothing sector has
been hard
hit but the heavy rains means that shoe sales increased some what.
Tuesday, 10
July 2012 Sweden
is currently struggling I with increasing floorings here and there
caused by persistent heavy rains accompanies by increasing meting
mountain cap ice
Monday, 09 July
2012 Syrian
citizens and companies are having their assets in Swedish bank accounts
frozen by the EU. Some 20 accounts with a total of Skr150 million is
reported to be affected but the matter is not robustly made public by
the Swedish FSA, (Finansinspektionen, FI,) and the, Foreign Ministry.
Monday, 09 July
2012 Social
Democrats and its leader, Stefan Löfven says that they sees no way in
which there could be a future collaboration with the
Conservatives and
their party. However, he holds the door open to welcome the smaller
bourgeois middle parties.
Monday, 09 July
2012 A
new survey conducted in 40 countries including 200 in Sweden have shown
that Swedish companies are gradually looking into the future with a
positive outlook.
Friday, 06 July
2012 Annie Lööf, Leader of the Centre
party. (Img Svt) -----> If elections
were to be held today, the Swedish Centre Party will not be able to get
access to the parliament. As such it will not take part in the
bourgeoisie government which it has been part of for six years now.
Friday, 06 July
2012 One major
observation in Norway which might encourage Sweden to look into closer
is its labour market. The gap between Norwegians and immigrants has
narrowed, suggesting a pretty welcoming and broad based market.
Thursday, 05
July 2012 Swedish Finance
Minister, Anders Borg (Moderate) does no longer see a Greek state that
will not reach bankruptcy. He calls for more assistcne and
understanding from the Troika group.
Thursday, 05
July 2012 People who sell
sex and have what is known here F- skatt – that is, they pay
corporation tax or business tax, shall also be entitled to sickness
benefit.
Thursday, 05
July 2012 Many middle
class Swedes have been found as having it hard to carry out any form of
savings. This comes after the bank, Länsförsäkringar posit that
this
group of Swedish people do not manage to pay their bills if their
salary falls inside the end of the month.
Thursday, 05
July 2012 European
vacating Swedes can thank Stefan Ingves for a record-cheap Euro as
oppose to the Swedish krona. The exchange rate has not been low in 11
years but it remains to see how this affects Swedish tourist industry.
Wednesday, 04
July 2012 The
characteristic of the job market is made such that there is a sector of
the population that can get all the help it needs to improve on their
skills and get direction on how to get a job. One can say, this is the
sector to the population that the market was design for. Yeah? Wrong.
Wednesday, 04
July 2012 The services
sector which is the growing driver of the Swedish economic sent a
signal that the economy is really weaker that previously thought. Just
a few days ago the PMI for the industrial sector fell to a new low, now
come that of services also at another very low level.
Tuesday, 03
July 2012 Img/Swedish TV
Though tanking
in the polls, the Swedish premier is trying to reinvigorate his
standing
and that of his party by making bold moves and promises such as
increase investment in research,
infrastructure, and steps to lower the corporate.
Tuesday, 03
July 2012 As the Swedish
job market continues to crumple despite the so-called economic boom
realized recently, more and more Swedes are finding that they have
little dreams in their own job market and have tended to challenge the
Poles to colonies Norway. More swedes than before are now decamping to
Norway for work.
Tuesday, 03
July 2012
Britain's economy remains weak but an upturn in exports to countries
outside Europe suggests growth could pick up later this year, the
British Chambers of Commerce said on Tuesday. This comes after
economists polled by Reuters last month showed expected 0.1
percent quarterly growth. Get details here (External Source)
Monday, 02 July
2012 In a continuous
protracted means to sell its fighter jets to Switzerland, it has
emerged that the Swedish authorities will be hiring out their gripen
fighter jet to Switzerland. This could be the ´first step for them
selling the war machinery to the land-lock European country. Fewer Swedish people want reduced
immigration Monday, 02 July
2012 A shock new
survey result in Sweden shows that there is a marked trend reversal in
the immigration debate in the country. Fewer and fewer believe that
Sweden is receiving too many immigrants.
Monday, 02 July
2012 The Swedish
purchasers’ managers Index which determines the feeling in the
manufacturing sector fell in June to the zone which shows a gloomy
economic outlook.
The Swedish
Green Party is not popular outside major cities and what ever
popularity remain, is falling pretty fast. As the party present its
policies at the swedish political retreat at Visby, it must do much to
spread its ideology across the boardStockholm
and most European major markets crush barrier on Friday as the EU
summit give better than expected solution for the Spanish economy
Friday, 29 June 2012 Surprising
news from the EU summit was good for risk appetite in the Stockholm
stock market on Friday and it ended in a crushing highest level ever
seen this year.