The Finnish
airline, Finnair is in crisis after a series of revelations about
secret million euro bonus paid to top officials while cutting services
as well as a flat business. Last week, the minister in charge of
government ownerships, Heidi Hautala announced the firing of six
members of the board who had been responsible for sanctioning the
bonuses.
Tuesday, 20 March 2012 China's demand
for iron ore has "slowed down". Growth in demand for iron ore used to
make steel is reported to be falling to "single digits if not already
occurred."
Last year, the
number of thefts from trucks in Sweden was recorded by nearly 20
percent, according to figures from the police whom radio Sweden checked
Friday, 16 March 2012 Nokia’s
Executive Vice President of Design Marko Ahtisaari says in an interview
with the Finnish business magazine Optio that he is looking for the
next big leap in mobile user interfaces.
Volvo Group's
total truck deliveries rose 3 percent to 18 395 in February, compared
with same period last year according to delivery statistics from Volvo,
beating analysts expectations.
Wednesday, 14
March 2012 The UK ethical
equity fund, Ecclesiastical Investment withdraws from Norwegian Statoil
for its "unethical" investment in oil sands projects.
Tuesday, 13
March 2012 It was the
dream for many so called education entrepreneurs to start their own
school and cash easily from the government based on the amount of
students they have.
Finnair flight
attendants are resisting further wage cuts after a recent scandal over
big bonuses for the company's executives. The company's pilots will
also look again at whether to continue savings talks.
Monday, 12
March 2012 As other
European countries struggling with high unemployment Norway expects
that nearly 70,000 more people will get jobs in 2012 and 2013.
Saturday, 10
March 2012 Many Swedish
pig farmers have gone out of business in recent years. This means that
seems to means that likeliness for more expensive pork in the stores.
Friday, 09
March 2012 Volvo Car
Corporation and the Chinese owner Geely are launching enhanced
technology cooperation, with a focus on new technology including
electric and hybrid cars.
Finnair cabin
crew are upset about the revelation that the company's management
received one million in bonuses while staff agreed to pay cuts to help
the company to be maintained.
Thursday, 08
March 2012 The CEO of SCA,
Jan Johansson had a good return on his bonus even last year. The
variable payment landed at about Skr 5.4 million and together with his
salary, he gets Skr14.4 million, according to the company's annual
report.
The Swedish
state – owned energy company, Vattenfall, had received harsh criticism
in Germany because the company neglected to report that they used steel
drums which contained radio active component but it was not reported
and no action was taken by the company to redress the issue.
Even wealthy
Swedish star such as Zlatan Ibrahimovic have decided to leave Sweden.
He is selling his house in his home town of Malmö and will move aborad
and set up base some where else.
Ewa Björling, Swedish Minister of Commerce (left) and Jörgen
Holmquist Director-General of Internal Market and Services at the
European Commission. Sweden has
tried to sell a comprehensive monitoring system to Saudi Arabia, media
reports in Sweden say. This has ignited more criticism for that Sweden
is gradually looking at weapons export as its main economic stay.
Swedish arms
export increased significantly more than average, according to a new
report by the Swedish Peace Research Institute, SIPRI. The report also
shows that Syria has increased its arms purchases many times over.
Earnings of
head of Swedish Giant Corporation exposed in a different way by Swedish
daily, Dagens Nyheter as questions about corporation tax payments in
Sweden rage on. See list and worth
Monday, 19 March 2012 Swedish
municipalities have pension liabilities of Skr216 billion leading to
nearly four in ten municipalities insolvent in under generally accepted
accounting principles.
Sunday, 18 March 2012 Norwegian
budget airline, Norwegian has announced that it was to make a purchase
of a large number of planes from the USA but the company now fears that
the political wrangling in the USA could affect the aircraft purchase
business.
Sunday, 18 March 2012 An increasing
number of people living in Finland have a mother tongue other than
Finnish, Swedish or Sami. In fact, the country will soon boast of a
large number of non native speakers to the number of the current
Swedish-speaking Finns.
Sunday, 18 March 2012 The argument
has always been that big corporations will employ more people and
contribute more to the state treasury in the way of increased tax
intake. This is one of the reasons why Sweden is so observed with big
corporations and would do all to pursue them weakly when it come to
checking if they are paying their fare share of taxation…Right? Wrong!
Friday, 16 March 2012 Iceland’s
remarkable economic turn around continue and the island country has now
decided to repay some of its loans earlier that previously scheduled.
This has to do with the repayment of its loan of Ikr116 billion or some
Skr6.2 billion to the IMF and its Nordic neighbours.
Thursday, 15
March 2012 Nine out of ten
graduates with economics and business background in Sweden today have
jobs within the first six months even though the subject sector has
been declared over -crowded.
Thursday, 15 March 2012 The U.S.
processor giant, Intel is partnering in Swedish IT Company Tobii
Technology through an investment of Skr143 million, reports technology
newspaper, Computer Sweden.
The notes from
secret talks with Saudi Arabia sent in an unencrypted e-mail via a
private hotmail account of an under-secretary at the Swedish Department
of Defense.
Thursday, 15
March 2012 Fashion chain H
& M sales in stores open at least a year by 2 percent in February.
The increase is due to the extra leap day in the month. But analysts
would still be happy because sales were better than anticipated.
Wednesday, 14
March 2012 Southern
Swedish travellers prefer to use the Danish international airport at
Copenhagen to travel abroad more than using their own local airport at
Malmo Sturup.
Wednesday, 14
March 2012 A shrinking
number of Finns believes in life after death, according to the research
institute of Finland’s Evangelical Lutheran Church. A third of Finns
say there is no hereafter, writes the Christian newspaper Kotimaa.
Almost half of
the population in Oslo, the capital of Norway in 30 years will be made
up of people with an
immigrant background. Of those seven out of ten would have come from
countries outside the EEA a latest report from statistic Norway show.
Tuesday, 13
March 2012 Mortgage
ceiling which the Swedish government implemented to try and dampen the
extraordinary rise in the Swedish house prices as well as to combat the
astronomical rise of Swedish household debt has been determined to have
worked. But work in what context remains questionable.
Tuesday, 13
March 2012 The warm spring
weather may means that the electricity prices in Sweden will fall and
February's price rise shock becomes a distant memory. Electricity
prices in March are 50 percent lower than last year.
Tuesday, 13
March 2012 The Swedish EU
commissioner, Cecilia Malmström is unveiling a bill at the EU level
that will make it easier for police to crack down on crimes across the
EU. In so doing will hit hard on the earnings of criminals and thus
confiscate their earnings from criminality.
Design with graphic input from Parliament and
Departments How productive
are politicians? This question is very important in the wake of news
that more Swedish politicians and ex- politician fixed their lives for
good with increased pays and benefits. This is similar to company’s
bosses that pay themselves big bonuses irrespective of the performances
of their companies.
Monday, 12
March 2012 Becoming
an
entrepreneur and starting ones own business is often one of the world’s
top dream aspirations for many people but many still have it hard to
dare take the step and many also need help to get started.
Monday, 12
March 2012 It has now
emerged that many of the visual gun carriages and anti-tank missiles
Saudi Arabia purchased from Saab in recent years came from the Swedish
armed forces' arsenal.
The Social
Democrats party in Sweden has taken a giant step up and increase it
support by 7.7 percentage points to 29.6 in the new YouGov opinion
survey, indicating that leadership and “stuck in the past” ideology was
dooming the party.
Monday, 12
March 2012 News that
Sweden is not a land of opportunity for some set of immigrants is not
new but that things have not changed for many years remain strange as
more and more children of deprived background live in abject poverty in
city lock outs.
Saturday, 10
March 2012 It has become
more common in Sweden that company’s
top management have become
intrusive into the personal lives of those they want to employ. This is
something illegal but with the job market here almost collapsing,
employers can break the law and still sue the employee on top of it.
Friday, 09
March 2012 Despite all the
media wrangling, Swedish Prime minister, Fredrik Reinfeldt is reported
to have approved the participation of Sweden in the construction of the
weapons factory in Saudi Arabia.
Thursday, 08
March 2012 The Swedish
Inspectorate for strategic products, ISP, has given the green light to
a long list of weapons that different companies have sold and those
which they want to sell to Saudi Arabia. Two of these weapons are
identified to have been used against protesters in Bahrain.