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VimpelCom Interested in Tele2 Russia, Sees It as 'Attractive' - Source

Thursday, 28 March 2013

One of Russia's big three telecommunications companies, VimpelCom Ltd. (VIP), could still be interested in the Russian business of Swedish telecom company Tele2 AB, a person close to VimpelCom told Dow Jones Newswires on Thursday.
Greater chances that Telia Sonera could loose profits made in Uzbekistan if found guilty
Thursday, 28 March 2013
TeliaSonera may miss out on all the profits the company has made in Uzbekistan, according prosecutor, Gunnar Stetler, who is investigating the company's suspected corrupt practices in the country said.

Swedish Telecoms Company, Ericsson interested in Buying Microsoft TV-Software Unit

Wednesday, 27 March 2013
Swedish Telecoms Company has been reported to be in  talks to buy Microsoft's  IPTV business, which makes software used by phone companies such as AT&T Inc. (T) to deliver television over the Internet, writes Bloomberg News.

A Norwegian Rigging Company, Prospector Offshore Drilling Could lose Nkr50 million in the Cyprus bank

Tuesday, 26 March 2013
A Norwegian - based Rigging Company, Prospector Offshore Drilling has large a deposits of Laiki Bank in Cyprus and is on the way to loose a chuck of that money following the new EU rule of deposit.

The persistent freezing British weather threatens to test the ailing economy as political pressure mounts on possible gas outrage

Monday, 25 March 2013
We are told that heating gas in the UK will soon be running out and that except emergency measures are taken home might soon lack heating as reserves dry up.

How the Swedish banks break record last year in profitability

Monday, 25 March 2013
Banks create money. In real life no but when one, looks really well, it would be possible to say yeah. Swedish major banks reported a new profit record last year. How did they make all that money when the Swedish economic activities have been sluggish remain something that the Swedish FSA examined today.

Billionaire philanthropist Bill Gates interested in Swedish pharmaceutical company

Monday, 25 March 2013
The Swedish vaccine company, Viscogel is about to pick up equity from the American billionaire Bill Gates.

Continuous pressure in the Swedish electronic retail sectors - hard to make money there as Siba reports more losses

Friday, 22 March 2013
One of the strongest and more difficult sectors on the Swedish high street is the consumer electronics retail sector. Siba just showed massive looses, will it be able to recover?

Axfood contributing to solar clean water project in Uganda

Friday, 22 March 2013
Axfood which conducts food retail and wholesale business in Sweden is investing part of the money earned from the Company's climate compensation in a solar-powered clean water project in Uganda.

Saab awarded a contract for an airborne surveillance system but the customer must be kept secret

Thursday, 21 March 2013
Swedish military hardware maker, Saab group has signed a contract for the support of airborne surveillance somewhere, which remain secretive.

More pressure on Swedish fashion company, H&M as sales continues to struggle

Thursday, 21 March 2013
Fashion chain, H&M Group’s sales including for the first quarter of 2013 including VAT increased in local currencies by 6 percent during the first quarter.

Samsung sues telecom giant Ericsson in new patent battle but Ericsson says it is confident of victory

Wednesday, 20 March 2013

After the Swedish telecoms company, Ericsson's lawsuit against Samsung in November 2012, now Samsung has come with a counterclaims. However Ericsson is confident that the court would  resolves the patent battle in its favour in a court cliam made in the United States, reports Reuters.

Sales of Volvo cars in Europe continues to fall

Tuesday, 19 March 2013
Swedish - Chinese automobile brand Volvo cars is seeing continuous fall in sales in Europe, including Switzerland, Norway and Iceland, compared with the same month last year.

Holmen forced to close Braviken Paper Mill

Tuesday, 19 March 2013
Holmen Paper intends to cease production on PM 51 at Braviken Paper Mill outside Norrköping, Sweden during the third quarter of 2013.

Saab would not give up on its ambitions Brazilian sales despite doubts and competition

Tuesday, 19 March 2013
The Swedish military hardware maker, Saab is not giving up with its ambition to sell its fighter jets Gripen, to the Brazilian military.

Volvo Cars corp., approved to start production in China

Tuesday, 19 March 2013
Volvo Cars, owned by Chinese Geely Holding, has won approval in China to start producing vehicles in the country.

Job looses in Lund, Sweden on the wire as Ericsson and STMicroelectronics agree on strategic way forward for ST-Ericsson

Monday, 18 March 2013
Between 400 and 600 workers in Ericsson's research centre in Lund are poised to lose their jobs when ST Ericsson is divided between the parents STMicroelectronics and Ericsson.

H&M Group report increased sales but report suggest the clothing giant is struggling

Friday, 15 March 2013
H&M Group total sales in February 2013 increased by 5 percent including VAT in local currencies compared to the same month last year. But some observers feel that the H&M is beginning to struggle to compete on the high street.

Danish Lego, the toy company, continues to grow strong and has build new billionaires - Bloomberg

Thursday, 14 March 2013
Danish-based Lego just became the most valuable toymaker in the world, reports Bloomberg news. Lego A/S, the Billund, Denmark- based toymaker famous for its colourful building bricks, has minted three new billionaires as the company’s revenue soared 25 percent last year.

Airliner, Norwegian will fly from Copenhagen to Florida

Thursday, 14 March 2013
Scandinavia's second largest airline Norwegian is now launching long-haul routes from Copenhagen to Florida in the United States.


Ikea founder dubbed frugal billionaire because he lives in modest house, eats at his store's cafe and shops at local market

Friday, 29 March 2013
The founder of Ikea who is a billionaire has bee catalogued by various British media networks as a frugal billionaire because he lives a very modest life. Contrary to way wealthy people in British live - arrogant, reserve, high walled buildings and in segregatory manner, British tabloid papers are surprise that a Swedish billion lives this so simple like an ordinary person. Read on here from the Daily Mail and from The Daily Express

Who is winning the Swedish political fight on the best policy on job creation?

Thursday, 28 March 2013
Though Sweden is a wonderful economy with many success stories to be told about its economic success, high unemployment is something that has always bugged the economy. Who then is winning the economic policy debate on job creation policy?

How Finland is stepping to assist the unemployment exploiting in Finland

Thursday, 28 March 2013
Finland has skill shortages in some sectors of its economy. As it looks around to resolve these problems, the explosive unemployment in Spain is looking as a fertile ground to fish for workers. Spain and Portugal appears to have the skills they need.

Finnish Councillor given Hitler clock as a gift for being a true patriot

Thursday, 28 March 2013
A councillor of the Finnish far right party, True Finns in Vaasa,  Risto Helin, has received a present which is a clock with a photo of Hitler and the Nazi swastika as a gift from a patriotic club in Vaasa, Finland.

 

The gloom in the car market spread to Northern Europe

Thursday, 28 March 2013
Cars are not selling in Europe and the Northern part of the continent with money and better economy has slowed in buying.
According to a report on Reuters, Bilia, the biggest car retail group in the Nordic region, active in Sweden, Norway and Denmark, said a greater share of sales was nowadays coming from corporate rather than private clients. Details from Reuters

Parent education affects children's academic and health  performance

Wednesday, 27 March 2013
Disparities between different groups of parents' educational level and country of birth are increasingly affecting how children succeed in schools in Sweden as well as their health, a new report show as the question of disparity in performances in Sweden is asked.

How the Swedish retail sector suffered from the effects of the cold weather

Wednesday, 27 March 2013
The cold weather in Sweden has killed the Swedish retail sales and shopping enthusiasm. Easter is usually the start of the gardening season - but it seems the weather has made that to freeze in.

Swedish prime minister getting disturbed about the tome of immigration debate in the UK

Tuesday, 26 March 2013
The 1930s taught us that economic problems when it hit a country, those to suffer are people who are "not like us." The debate about the way the UK is handling the question of immigration is keeping some leaders in the EU gazing and just mesmerised.The swedish prime minister feels very disturbed.

A top Norwegian Fertilizer company, Yara embroiled in corruption scandal

Tuesday, 26 March 2013
A very serious bribery scandal has been uncovered between a Norwegian fertilizer company Yara and an African country, Libya in which lots of money exchanged hands under the table.

While Sweden and Europe stand by and watch African, China and the  BRICS countries are poised to exploit

Tuesday, 26 March 2013
Africa is not really the Dark Continent as was previously known and disseminated in Europe and the West. As Sweden and Europe continues to see Africa as the Dark Continent only good for economic aid, diseases and poverty, China and the BRICS countries are getting seeing it differently and are ready to take the continent out.

Viking Line, in crisis meeting on alleged discrimination, why worried - this is Sweden and this is how we roll

Monday, 25 March 2013
The shipping company Viking Line was today showing aspects of seriousness, holding meetings with their coach drivers to discuss the alleged discrimination against people with foreign names and colour. The question is why this show of solidarity? This is Sweden and discrimination is the way of life here.

Sweden central bank, Rikbanken release the image of new 1000-krona bank-note

Monday, 25 March 2013
Copyright issues have now been resolved for the images and symbols to be used on Sweden's new banknotes. The portrait of Dag Hammarskjöld on the 1000-krona banknote will be replaced as the bank presents t new bank notes.

Deja vu as Britain turns to nasty immigration problems that are likely not there

Monday, 25 March 2013
Get Adobe Flash player Brtish PM David Cameroon talking about immigration /BBC

The rise of the far right British anti EU party, UK Independent party (UKIP), the struggling of the coalition government (LibCon coalition) to jump start the UK flagging economy has made all the major parties in this country go nasty on immigration.

Taxi fraud in Stockholm drains customers' accounts - what you need to know

Monday, 25 March 2013
In a new taxi scam, in Stockholm, the capital of Sweden only, more than 30 taxi customers lost their credit cards recently. Some Skr20,000  has been accounted to have disappeared. We don't know the data from other cities of the country.

Denmark reports biggest deficit in public finances for 28 years

Monday, 25 March 2013
Denmark is still struggling with a bleeding economy as the country's treasure announced deficit of its public finances standing at Dkr 75.5 billion - it's the largest deficit since 1984.

How the horsemeat scandal is making Swedish municipalities to get creative

Monday, 25 March 2013
The horsemeat scandal has ignited a lost of trust in food producers and has made Swedish municipalities to become more creative.  After the horse meat scandal in food eaten in various Swedish schools, hospitals and old people's homes, some Swedish municipalities have become very creative to rear their own animals so as to sure of the source of food.  

Sweden fears less about the impact of Cyprus

Sunday, 24 March 2013
If the Cypriot economy implodes as its financial crisis continues to drive, Sweden is not in any hurry to get worried.

The father of African literature, Chinua Achebe dies aged 82

Friday, 22 March 2013
The 'father of African literature', Nigerian author Chinua Achebe seen by most as the leading figure in the development of that line of knowledge on the continent has died in Boston, the USA. Has been living there and working as a professor. He first made his mark with 1958 with the novel Things Fall Apart. Continue reading from the Guardian

Perpetual fall in international students to Sweden start worrying some businesses

Friday, 22 March 2013
The reduced number of foreign students at  or vying to study at Swedish universities can cause long terms problems for Swedish companies and other research related academic programs that need the mix of various skill input. As international students shy away from Sweden, could it be blamed only on the institution of tuition fees?

Chinese dealers of Volvo cars accused of cheating as they deceive the company about sales

Friday, 22 March 2013
Volvo Cars has revealed widespread cheating among its dealers in China. Dealers are said to have blown up the sales figures in order to get discounts as a reward for achieving certain goals, writes Reuters, citing a source in the Volvo.

A new report show how the drug Tamiflu was a heavy hoax from the pharmaceutical industry

Thursday, 21 March 2013
"Sweden and several other countries were deceived by the pharmaceutical company Roche to purchase large quantities of influenza medicine, Tamiflu". This is the verdict of some specialists whom after examining the drug, feel that it was a very chap drug sold a wonder drug.

Finland continues to do  arms deals with countries criticised for human rights violation

Thursday, 21 March 2013
Finland has been accused of assisting dictators make life of their subjects a misery  by selling military hardware to them which are then used to subjugate its armless citizens.

EU agrees on new rules on bankers bonuses

Thursday, 21 March 2013
The EU Parliament and Ireland, which has the EU presidency, have put together the agreement that will put a cap on bankers' bonuses. This comes despite intense opposition from the UK.

Norwegian police are considering using drones

Thursday, 21 March 2013
The authorities in Norway are pondering on a the proposal to provide police with drones as the remote and unmanned aircraft, known as drones, can become a part of the Norwegian police force.

Swedish Finance Minister, Anders Borg gives Cyprus a week to escape a financial collapse

Wednesday, 20 March 2013
Swedish Finance Minister, Anders Borg feels that Cyprus has a week to escape a financial collapse as he examines the persistent financial troubles bogging the island country and Europe.

Swedish Prime Minister, Fredrik Reinfeldt criticises his migration Minister Billström for making statement which other might misconstrued as racist

Tuesday, 19 March 2013
The Swedish migration Minister, Billström received harsh criticism from his boss, the Swedish  Prime Minister, Fredrik Reinfeldt for statements he made about that refugees and immigrants which some people could misconstrued as racist. It caused a stir in his party making the Social Democrats to develop talking points on it.

Swedish households could be en-route to saved the Swedish economy

Tuesday, 19 March 2013
The Swedish household looks to be on the way to save the Swedish economic growth this year, as increased purchasing power means increased domestic consumption.

Denmark makes early withdrawal from Afghanistan

Tuesday, 19 March 2013
From August 2013, Denmark will no longer have combat troops in Afghanistan, making the withdrawal of the country's forces there brought forward earlier than previously planned.

Danish Prime minister, Helle Thorning -Schmidt receive great praise from business leaders for better handling of the economy

Tuesday, 19 March 2013
Leading Danish business leaders and other people in their commerce world are heaping praises on the government for its bold and courageous economic policy, though it would likely not be election winning policy.

Soon majority of Swedish household will be enjoing very fast very fast broadband

Tuesday, 19 March 2013
Most Swedish households will soon be enjoying very fast broadband systems as broadband over 4 G network is spreading quickly out.

Rejected asylum seekers must leave the country or be forced to leave - Swedish PM

Monday, 18 March 2013
Swedish Prime minister, Fredrik Reinfeldt last night supported his police over persistent stop search and arrest of people who looked like illegal immigrants in the country.

Low business start-up in Sweden in 2012 as the economy put stresses on entrepreneurs

Monday, 18 March 2013
Business start-ups in Sweden fell last yeas as it is believed, the recession slowed business creation in the country last year.

China leads the world in arms exports pushing aside the UK

Monday, 18 March 2013
Sweden-based think-tank said on Monday that China has over taken the UK and is ranked very high as a country selling arms globally as Pakistan emerged as a growing market for Chinese military hardware. Stockholm International Peace Research Institute (SIPRI), reports Reuters.

More Swedish harden criminals establish in Thailand, source of drugs to ease smuggling to Sweden

Sunday, 17 March 2013
Swedish police is worried that the increased settling of Swedish criminal gangs in Thailand would mean that there would be increase ease to smuggle drugs to Sweden.

The Social Democrats in Sweden starts showing that they can get back to power

Sunday, 17 March 2013 
Swedish voters are very unforgiving to a political party or government when they get tired of them. Apparently this seems to be what is happening  as the Swedish opposition party, the Social Democrats saw their support increased by 3.7 percentage points to 35 percent in March survey. Whereas the governing Moderate conservative party sloped by 1.7 to 27.3 percent.

Swedish public school students are prepared to protect themselves in case of a school  shootings

Saturday, 16 March 2013
School shootings as shown on television from places such as the USA neighbouring Finland and the likes are not common in Sweden but fears are rife that such incidences could be on the here was given the growing strength of the far rights. As such, to minimise casualties, primary school pupils are being drilled on how to protected themselves in case a crazy gun man comes to school. Continue reading

Czech Republic wants more discounts on its continues use Gripen

Saturday, 16 March 2013
Czech Republic wants more discounts from the Swedish government if it is to continue to the Swedish JAS 39 Gripen, which it has been using on hire. The present ten-year lease contract, which the Czech air force uses 14 Swedish Gripens, will expire at the end of 2014.