Thursday, 26 April 2012 Pharmaceutical
giant AstraZeneca reported a profit before tax of $ 2.053 million,
representing approximately Skr14 billion, for the first quarter of
2012. This compares with profit of $ 3.288 million a year ago.
Wednesday, 25 April 2012 Swedbank
reported a strong report on Wednesday morning with net interest income
positively impacted by the Bank's increased lending margins. A
provision in Ukraine of Skr200 million weighed on credit losses.
Wednesday, 25 April 2012 Good sales and
higher prices mean that home appliance manufacturer Electrolux, with
CEO Keith McLoughlin, managing to beat expectations for the first
quarter. Both sales and profits were higher than analysts had expected.
Monday, 23 April 2012 ST- Ericsson,
jointly owned by Ericsson, aiming to achieve annual savings totalling
approximately $320 million, equivalent to Skr2.1 billion, in new and
ongoing restructuring program when they were finalized at the end of
Monday, 23 April 2012 Engineering
company, Alfa Laval saw its stocks fall on the market on Monday after
its report release on Monday. The result was not in line with
expectations of future prospects as such not bright enough for that
market players to be excited.
Monday, 23 April 2012 AstraZeneca
acquires US-based Ardea Biosciences for $32 per share, making the
purchase price amounts to about 1.26 billion U.S. dollars including
existing cash. Is Microsoft’s business with Nokia costing it money? So far Yes!Friday, 20 April 2012 IT giant
Microsoft's Windows Phone division made a loss in the first quarter.
Payments to keep Nokia going are reported to be largely behind this
Thursday, 19 April 2012 Defence and
Security Company Saab’s operating income presented for the period
January -March 2012 was Skr 398 million against Skr368 million for same
period a year ago. This corresponds to an operating margin of 7.1 per
cent over 6.7 same period in the past.
Monday, 16 April 2012 AB Volvo's
subsidiary Volvo Powertrain has lost a dispute with the U.S.
Environmental Protection Agency EPA and therefore has to pay more than
$ 72 million, representing approximately Skr490 million in penalties
Thursday, 12 April 2012 Swedish defence
and security company, Saab and the UK Ministry of Defence (MoD) has
signed a two year extension contract for the Deployable Tactical
Engagement Simulation training system (DTES) Managed Service, used by
the British Army.
Tuesday, 10 April 2012 The Chinese
company, Youngman, who persistently tried to get buy Saab automobile
has, according to an informed source given its final offer for a bid
for the bankrupt company before the deadline expired at 17 hours on
March 2012 Hennes &
Mauritz (H&M) reported a profit before tax of Skr3.701million
against Skr3538 same time last year, for the first quarter
(December-February) in the split financial year 2011/2012.
March 2012 Cable TV
companies operating in Sweden are urged to clean up their price jungle.
This is because today, customers have no clear idea of the total cost
of all package fees that are marketed.
Friday, 27 April 2012 The Social
Democrats, the party leader, Stefan Löfven, suggests in an article in
Swedish newspaper, Svenska Dagbladet a program to create jobs in the
healthcare and pharmaceutical sector. A sector that has been loosing competitiveness in the past few year in favour of Denmark.
Thursday, 26 April 2012 Linné University, one of the worse performing schools in the country
critical attitude has means that much higher education courses in
Sweden is of poor quality. Just over one in five training programs fail
to meet required quality when those various academic programs were
Thursday, 26 April 2012 As the quest to
strike a sale increases and every player juggle for position to strike
a deal in a very competitive market, Saab which had hoped would secure
a deal to sell its Gripen jet fighter to the Brazilian now starts
seeing that dream becoming more difficult to meet. Support for the Social Democrats in Sweden continues to increase
Thursday, 26 April 2012
Support for the
Social Democrats in Sweden continues to increase and latest pools
suggest that the support could rise to as much as 35.9 percent
according to a new poll commissioned by Swedish television station, TV4
carried out by polling organisation, Novus for its April voter’s
Wednesday, 25 April 2012 The
British economy slid into its second recession since the financial
crisis after official data unexpectedly showed a fall in output in the
first three months of 2012, piling pressure on Prime Minister, David
Cameron's embattled coalition government. Details from Reuters news agency
Wen Jiabao had an intense Tuesday during his visit to Sweden. In the
morning he saw the car crash test process in the car crash lab in Volvo
car corp., in Gothenburg and then in the afternoon he met King Carl
Gustaf and Prime Minister Fredrik Reinfeldt.
central bank, Riksbank has presented the winner of the design of
Swedish nw bank notes. He is Göran Österlund proposal "Cultural
journey" that will form the artistic basis for the new banknotes.
Tuesday, 24 April 2012 In March 2012
the number of employed persons in Sweden in the age group 15-74
amounted to 4 643 000. Compared to the same period last year, this is
an increase of 78 000, of whom 74 000 were women.
Monday, 23 April 2012 On Tuesday, the
Chinese Premier Wen Jiabao will be visiting Volvo Cars Corporation
something being thought that would boost the image of he company in
china and improve on its growth there.
Monday, 23 April 2012 On Monday it
was announced in a sentencing decision by the Icelandic court that the
former Prime Minister Geir Haarde had been found not guilty for the
financial crisis that hit the country in 2008.
The effects of
Telia Sonera’s association with countries that violate human right
could start costing it business and money at home. The city of
Stockholm wants to be the one to shoot the first shot and withdraw from
using the services of TeliaSonera when the next procurement of
telephone subscriptions comes around.
Saturday, 21 April 2012 Norwegian
Oil fund manager, Yngve
Slyngstad has seen his salary increased by over 65 percent in two
years. Neither Norges Bank nor those in the central bank and the Fund
resources management could explain why such an astronomical rise has
taken place even as the fund's performance remain questionable.
Saturday, 21 April 2012 Workforce
retrench in the Swedish arm of Red Cross continue as its economy
continues to remain weak after scandals of misused that hit the
organisation in 2010. Now the organization wants to terminate 70
employees as majority of its regional offices are to be closed
Thursday, 19 April 2012 Finnish mobile
giant, Nokia Corp. (NOK), the world's biggest handset maker last year,
Thursday said it has faced greater than expected competitive challenge
in its ongoing strategy overhaul, as the company reported heavy losses
for the first quarter.
The view has
always been that Swedish women are beautiful. But this has been in the
eyes of outsiders as the Swedish women who are being though to be
beautiful don’t see themselves that way. An evidence of lack of
confidence in natural beauty of Swedish women is the explosion of
cosmetic procedures carried out in the recent years.
central banks or the Riksbank chose to leave its key interest rate, the
repo rate unchanged at 1.5 percent today. It was in line with
expectations but other forecasters anticipate a lower interest rate at
Wednesday, 18 April 2012 It looks like
the Finnish people are openly rejecting their far right views by
withdrawing support from the True Finn party. This is because reports
show that the support for the party's radical ideas seems to be putting
supporters off – some what! Or is it another hypocrisy?
services are using mobile operators to control the public in political
events and in dictatorial countries have been reported in the past and
Swedish companies have been identified as playing leading role. Most
notable has been Ericsson but it has emerged that the Swedish – Finnish
telecom company, TeliaSonera could have secretly worked directly with
these dictators to eliminated challengers to the regimes.
Tuesday, 17 April 2012 Germany and
Spain are a huge contrast when it comes to harder workers in Europe.
Germany enjoys the lowest unemployment in recent years while don’t know
what to do with all the unemployed people it has.
Tuesday, 17 April 2012 Sweden is
initially prepared to put up $10 billion, nearly Skr70 billion into the
IMF account, according to the Swedish Finance Minister, Anders Borg,
reports Reuters. Maximum Sweden will contribute is reported to be
A clash of the
Swedish finance minister, Anders Borg and the untested Social
Democrat’s economic spokes person, Magdalena Andersson, saw the the
Social Democrats ask for one thing: How can the government bring down
unemployment in with surprisingly slim budget, which looks more like a
business report on what has already been done?
Swedes, the Association of Swedish people with black skin have called
for the resignation of the Swedish Culture minister, Lena Adelsohn Roth
for taking part in a ceremony which they describe as racist. See video
Monday, 16 April 2012 Sweden brags
that it has a very clean public finance record but could this be
because the government is not spending the money and chooses to sort of
hoard it just in the name of being
hailed as the best in public finance management? If not why is the
employment agency keeping huge surpluses even hough the level of
unemployment in the country has been increasing?
Monday, 16 April 2012 An official of
the confederation of Swedish industries has accused the Swedish
government of lacking economic agenda for reform. A leading official of
the organisation, Urban Bäckström want to see that the government
grasps the challenges of globalization.
Monday, 16 April 2012 The Swedish
tiger economy started limping a while ago after being battered somehow
somewhere as the government now cut its growth forecast for 2012 from
1.3 to 0.5 percent in the Spring Budget, according to Finance Minister
Sunday, 15 April 2012 Report highlights UK role in the growth of groups that inspired Norway's mass murderer - external source Photo of Jimmie Åkesson: - Leader of Swedish far right party, Sweden Democrats
Saturday, 14 April 2012 The
Stockholm area, parts of Södermanland and Uppland woke up today
Saturday to welcome a partially wet, but still snow covered surface.
The weather causes problems for local traffic in Stockholm raising the
question whether winter is returning.
Saturday, 14 April 2012 The amount of
people demanding allergy free groceries is exploding, begging the
question - what is added in our food in the supermarket today of
whether it has to so with life style or the environment.
Friday, 13 April 2012 Imagine that
other peoples of other countries with different colours and strips did
not wear H&M’s cloths, shoes and the like, could the company be as
great as it is today and could it have grown soo big in other countries
as it has done today.
Friday, 13 April 2012 Swedish
companies are increasingly turning to the bond market for financing as
access to bank credit has tightened since the autumn in the wake of the
euro-zone debt crisis and tough new financial regulation.
Wednesday, 11 April 2012 Swedish premier
football league is not so wonderful as the Danish league of even the
Norwegians league but Swedish league has one major problem –
hooliganism. There is hardly a match in the premier league here without
crow scuffle and this has been very worrying to many putting interested
parties out of the game.
Tuesday, 10 April 2012 Denmark holds
the rotating presidency of the EU since January 2012 and it couldn’t
have come at a time when the European crisis needed some strong
leadership and courage to bring some hope back to the economy.
Monday, 09 April 2012 Sales of
cosmetics and toiletries are at record high in Sweden with especially
young women splashing on cosmetics. Last year the Swedes spent Skr15
billion - an increase of 30 percent in ten years on make up products.
Monday, 09 April 2012 The price of
crude oil has fallen to just over a hundred dollars a barrel on the
stock exchanges that have been opened up in Asia after the Easter
break.Swedish Finance Minister Anders Borg, to lean from Holland how to create jobs for the youths.Sunday, 08 April 2012 Swedish
minister of finance, Anders Borg has been hailed in the Swedish media
as the best in the world when it comes to the management of pubic
finances and for keeping Sweden sheltered from the past financial
crisis. But if he is that good, why is Sweden having persistent
problems with unemployment under his reign as minister of finance?
Saturday, 07 April 2012 International
attention has now turned to Sweden were various reports in some foreign
medial sources show that Swedish arms companies are selling armaments
to troubled countries. Next stop Algeria.
Friday, 06 April 2012 What ever wrong
the black man has done that has made them persistently hated by the
white folks will be left to posterity. From the US to all European
countries people of black skin continue to be persecuted. Why?
Thursday, 05 April 2012 The mountain of
garbage and waste that was found deposited on the streets in Italy is
to be burnt in Sweden as the energy company Fortum is said to burn 6000 tons of Italian household garbage in Southern Stockholm.
Thursday, 05 April 2012 Sweden came out
on top in the world in 2011 in terms of provision of economic aid as a
proportion of gross national product (GNP), according to the economic
cooperation organization OECD.
Thursday, 05 April 2012 Today came the
report from the World Economic Forum ranking world's leading IT
countries. The ranking reveal what has been the perception – that
Sweden maintains its position as the world's leading IT nation, far
ahead of both Japan and the United States.
Wednesday, 04 April 2012 Norwegian mass
murderer, Anders Brevik Behring, planned to build and test his bomb on
a deserted farm in Värmland, Sweden according to a Swedish television’s
investigative news program.
Wednesday, 04 April 2012 The Danish balance of payments remains in solid plus, new figures from Statistics Denmark show. At the same time trade data show that Danish exports continue to improve with a growth of 1.4 percent in February.
Wednesday, 04 April 2012 Swedish state
prosecutor, Nils-Eric Schultz, is pleased with the conviction of two
former executives of AB Volvo's subsidiary, Volvo CE, who paid millions
of dollars in exchange for contracts in Saddam Hussein's Iraq.
Monday, 02 April 2012 More than one
in five college graduates in Sweden are out of work a year after
graduation. But the differences between them lie in the courses they
studies and that difference is great a new media report show.
Monday, 02 April 2012 Women in
Sweden, who are not born in Sweden, described here in Sweden as women
born abroad are very tough. More of them have chosen to become
entrepreneurs in an environment where they have limited opportunities. Alico Dangote, one of Africa's leading entrepreneurs to list company on the London Stock Exchange Monday, 02 April 2012
Talking about role models, Alico Dangote wants to be a force in the
world market by trying to list his company into the veins of world
business. Which other African companies are there operating that this
police have arrested nearly 90 leftist counter-demonstrators in Aarhus,
reports various Danish media sources, following the descend of
far-right groups from across Europe who came to hold a “unity” rally in
Friday, March 30, 2012 The Norwegian
wealth fund or oil fund's exposure to European markets will be reduced
from over 50 to 40 percent according to the Norwegian the government's
white paper on the Fund's management, which will was presented on
Friday by Finance Minister Sigbjørn Johnsen (Pictured above).
Friday, 30 March 2012 Which are the
best universities in Sweden? Well, a business magazine, Focus, has
ranked universities here based on the interest of students own
preferences. That means big surprises in the list begging the question
if this is the a god model to to classify universities a country.