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Scandinavia Today / Europe




British economy did not fall into a triple dip recession as previously feared

Thursday, 25 April 2013
The British economy avoided the triple dip recession with an economy that grew better than expected to 0.3 percent in the first quarter compared with the previous quarter.

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

Monday, 25 March 2013
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.

The shape of thing for the UK after downgrade from AAA to AA1

Monday, 25 February 2013
The fall of UK economy has not affected the market in a big way. In fact, the market had expected that the British credit rating would be downgraded though the question remains when. So what is happening now?

How it became hard for the British government to "clear the mess that Labour left"

Saturday, 23 February 2013
It finally lost its AAA - rated debt status after a long period of weak economic policy that has made the economy not to grow and could be heading into a triple dip recession. But the Chancellor, Georg Osborne is adamant and vows to stick to current policy even after the downgrade by Moody's, which blamed subdued growth and rising debt burden

Desperate British people want to leave the EU

Monday, 18 February 2013
More British people are indicating that they would want their country to withdraw from the EU, believing that the EU is not as progressive as they had hoped, according to a new opinion polls report.

TV license in Sweden to be extended to Computers and tablets to be instituted in Sweden soon

Tuesday, 22 January 2013
Sweden is looking for a way to design a special separate tax for people who view television programs via their PC and related tools.

The British government continues to borrow more that expected.

Tuesday, 22 January 2013
Signs that the British economy is going nowhere emerged today as new numbers show that the British government, which has imposed strong austerity, continued to borrow more than expected in December.

Britain is growing more towards the far right as popular support for EU exit increases

Sunday, 30 December 2012
Rise of the far right politics in the UK as more people start support UK's exit from the European Union. Evidence is that the party preaching such ideas, UKIP is winning in the polls. In the UKIP a new BNP or just another confused British political party that lacks that approach to lead.

UK borrowing grew just as economic growth revised lower than expected

Friday, 21 December 2012
The bad news about the UK economy continued  as the UK borrowing went up last month tying to the view that the slower than expected economic growth of  0.9 percent instead of the 1 percent that had been popularly celebrated eroded rather than build the deteriorating public finances.

Credit rating organisation, Standard & Poor's puts UK credit rating on 'negative outlook', as the economy struggles under intense austerity

Thursday, 13 December 2012
The British economy is loosing its credibility and S&P threatens with downgrade

UK job market continue to improve but London remains flat

Wednesday, 12 December 2012
Unemployment in the UK fell by 82,000 in the three months to October blamed on private sector, which created jobs faster than they were being shed in the public sector.

Is a trade war brewing between EU and Norway?

Sunday, 02 December 2012
Norway is taking drastic action to raising duties on cheese and means. Since much of these products are imported from the EU, the organisation is not happy and is threatening legal action.

Wikileaks founder, Assange suffering from chronic lung illness - Reports

Thursday, 29 November 2012
Wikileaks founder, Julian Assange is reported to be suffering from a chronic lung disease that can worsen at any time, says Ecuador's London Ambassador Ana Alban to reporters in Quito.

Euro-zone falls into double-dip recession.

Thursday, 15 November 2012
Europe cannot fix their falling economies as signs show how the economic region of Europe (Euro zone) is persistently falling in terms of economic development.

British unemployment falls but increases in London

Wednesday, 14 November 2012
The number of people out of work in the UK has fallen to its lowest total for more than a year.

Depressing British purchasing manager's index signs worrying economic outlook

Thursday, 01 November 2012
The UK industry's purchasing managers' index was quoted to have hit at 47.5 in October, down from a revised 48.1 the previous month.

Austerity measures are killing economic growth and worsening debt situation in Europe - Report

Wednesday, 31 October 2012
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. 

Britain hops off double deep recession  after three quarters of persistent decline

Thursday, 25 October 2012
Britain hopped out of  recession in the third quarter after posting its strongest quarterly GDP growth in five years, of 1 percent growth.

British unemployment falls

Wednesday, 17 October 2012
The British unemployment continues to fall as the number of people out of work fell by 50,000 to 2.53 million in the three months to August, the country's Office for National Statistics (ONS) said.

Swedish Match's "snus" investigation pushed EU commissioner, John Dalli to force to resign

Tuesday, 16 October 2012
A fraud investigation request put forward by Swedish Tobacco Company, Swedish Match, forces John Dalli, EU Commissioner for Health and Consumer Affairs to resigns as it turns out fraud was part of the problem.

European Union wins the Nobel peace prize

Friday, 12 October 2012
The European Union has been awarded this year's Nobel Peace Prize, reports the Norwegian broadcaster, NRK which claims to have been informed from a credible source. The prise for the crisis hit Europe is for its intense desire to promot peace despite difference among them.

Nobel Prize money contributes to ease EU financial woes?

Friday, 12 October 2012
Nobel Peace Prize awarded this year to the European Union could contribute to easing the  EU financial woes. The prize is worth €1.15 million, which represents more than 0.00001 percent of the EU budget.

UK trade deficit widens sharply in August as production Falls

Tuesday, 09 October 2012
The British trade deficit more than doubled in August, as the government's deficit reduction program and intense public sector cuts hit the economy hard and stifle productivity.

IMF seeks UK defer of spending cuts if growth disappointment persist

Tuesday, 09 October 2012
As the British economy continues to sink, the IMF, International Monetary Fund has called Britain to defer spending cuts planned for next year. This should happen if growth turns out to be much weaker than forecast.

The backers of Wikileaks's founder, Assange ordered to pay his bail money

Monday, 08 October 2012
People who backed the founder of the Wikileaks, Julien Assange have been ordered by a court to pay the bail money since he eloped into the Ecuadorian Embassy.

British economy returned to Growth.

Tuesday, 02 October 2012
That the British economy returned to growth in the third quarter, is what the British Chambers of Commerce (BCC) is saying.

UK could be looking at having a higher deficit than Greece next year

Sunday, 23 September 2012
With the British government persistently finding it hard to reduce its deficits and with the economy resisting any form of growth push, there is growing fears that the British economy could see its deficit grow larger that expected, surpassing the levels of Greece and Spain.

British economic recovery has started showing signs of rebound - John Major

Sunday, 16 September 2012
The British economy is beginning to turn around as unemployment starts to drop and stock market starts regaining some past losses. This is the view of former British conservative Prime Minister, John Major.

European core problem: literacy - one in five Europeans find it hard to read

Friday, 07 September 2012
One in five Europeans read so poorly that they can not survive in the modern world, and over 17 per cent of 15 year olds in Sweden are at a level where they can only handle the simplest texts.

Moody's Downgrades EU Outlook From 'Stable' To 'Negative'

Tuesday, 04 September 2012
Rating agency Moody’s has changed the European Union’s financial outlook from 'stable' to 'negative', warning that the bloc's AAA rating could also be downgraded, report the Huffington Post.

British economy continues to fall as the coalition's economic plan fails woefully

Wednesday, 25 July 2012
The British economic gloom continues as it recession got deeper than any economist in the UK had expected. It was generally expected that the British economy would fall 0.2, the lowest economic performance and persistently longest contraction of the economy for 50 years.

British unemployment total falls to 2.58million

Wednesday, 18 July 2012
The number of British people out of work fell by 65,000 to 2.58 million in the three months to May, official data show.

Is nepotism destroying the British Management System? Why unqualified people being given top positions to mess up the Olympics?

Monday, 16 July 2012
Just as the Olympic Games are getting on the way in London, UK, the nature of the British management and planning system has come under question. Some of the questions being asked are whether the people taking care of managing British big projects such as the Olympics are qualified people or just a few picked because of whom they know.

The Rausing family "deeply shocked" by the death of their dear one

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.

Oops – British leader Cameron forgot his daughter in a pub
Monday, 11 June 2012
This is a no joke story – it can be stressful to be the father of young children and then Prime Minister of Great Britain at once.

British economy fell deeper in recession than previously thought

Thursday, 24 May 2012
The simple maxim that radical austerity with little window to spur economic stimulus is a no brainer can be seen glaringly clear in the UK.

Credit rating of Scores of Spanish banks Downgraded by Moody’s ushering more pain to the ailing euro-zone economies

Thursday, 17 May 2012
Moody’s Investors Service downgraded 16 of Spain’s leading lenders including Banco Santander SA (SAN) and Banco Bilbao Vizcaya Argentaria SA (BBVA), Spain’s biggest banks, cut three levels blamed on recession in the country and mounting loan losses. Santander’s U.K. - based subsidiary also was cut.

Could Greece leave the Euro – could it be better for the country and the Eurozone?

Monday, 14 May 2012
If Greece does not respect the rules for the euro area, it is perhaps better that the country leaves the euro. This applies to all clubs and all organizations – this what is being openly said about Greece at the moment as the country struggles both internally and externally to stand.

More youth unemployed people in Europe

Wednesday, 02 May 2012
Unemployment in the euro area amounted to 10.9 percent in March, up from unrevised 10.8 percent the previous month, figures from Eurostat show.

Germany enjoys lowest unemployment while Spain basks in the highest joblessness - why?

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.

UK missed recession by a whisker

Thursday, 05 April 2012
The U.K. economy narrowly avoided falling back into recession in the first quarter of 2012, an independent economic research group said Thursday.

UK house prices leaped on the expiration deadlines for tax breaks

Wednesday, 04 April 2012
U.K. house prices jumped in March as first-time buyers rushed to take advantage of a tax break that expired at the end of the month, mortgage lender Halifax said Wednesday.

Alico Dangote, one of Africa's leading entrepreneurs to list company on the London  Stock Exchange
Monday, 02 April 2012

An example of small government in the UK - Email and web use in the UK to be monitored according to new laws
Sunday, 01 April 2012
The British government will be able to monitor the calls, emails, texts and website visits of everyone in the UK under new legislation set to be announced soon.

Healthcare cost in the England goes up as NHS prescription fee rise.

 Sunday, 01 April 2012
The healthcare cost in England is to increase by 0.25pound to 7.65 as Health Minister, Simon Burns outlined earlier. For those who are exempted however, it will mean that 90 percent of prescription items will be dispensed free.

Desperate Britain back in recession
Thursday, 29 March 2012
The UK economy will contract in the first three months of 2012, taking the country back into recession, according to the Organisation for Economic Co-operation and Development (OECD).

How politician and governments make policies

Monday, 26 March 2012
The British economy has stagnated and the Prime minister, Cameron has deviated from many previous pre-election promises. Then it emerge that his party collects lots of money from very wealth people to give them access to him and to enable them influence government policy. This has given us a thought and we have asked the question - how do governments democratically make policies?

French Finance Minister Raises Growth Forecasts

Friday, 23 March 2012
French Finance Minister Francois Baroin Thursday raised the government's 2012 growth forecast after national statistics bureau Insee updated its forecasts, indicating France will avoid recession.

Eurozone economy is stabilising - ECB's Draghi

Thursday, 22 March 2012
European Central Bank President Mario Draghi believes the "worst is over" in the euro-zone debt crisis, German daily Bild Zeitung reported on its website Wednesday.

Unexpected slowdown in the global industrial activities as PMI fall

Thursday, 22 March 2012
Preliminary purchasing managers' index for March shows unexpected declines in industrial operation in China and the EMU. The Chinese index fell for the fifth consecutive month as the in France and Germany which in these cases was steep.

Higher tax for foreigners in Switzerland

Tuesday, 06 March 2012
Switzerland has taken a step towards higher taxes for wealthy foreigners living in the country.

Record-low unemployment in Germany – We admire the Germans

Tuesday, 03 January 2012
Unemployment in Germany has fallen to a record level. According to statistics published today, the unemployment rate in Europe’s biggest economy last year recorded the lowest level in 20 years