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     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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Finnish Euro project – is it on the lines and will it cause a domino effect

 

Astra Zenca suffer from profits drought

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.
 
 

AB Volvo presents a better than expected  result for the second quarter

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.
      
 

How clothing giants and H&M plan to manage VAT hike

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.
 
 

Scania reports profits, which is being described as greater than expected

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.
 

Electrolux impressive with larger than expected quarterly report

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.
  

Nokia loss reduced more than expected

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 
 

Surprise as Sweden banks profit dips but still according to expectation

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.
  

Ericsson continues to struggle as profits slop

Wednesday, 18 July 2012
Swedish telecom giant, Ericsson reports profit before tax was Skr 1.8 billion for the second quarter of 2012.
 

Higher profits for Handelsbanken as operations out of Sweden prove to be more profitable

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.
 
 

H&M sales increased 13 percent in June

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.
        
 Swedish giant bank, SEB reports strong numbers for the Second quarter of 2012 Monday, 16 July 2012
Swedish giant bank, SEB’s reported a profit before credit losses amounted to Skr 4.2bn (Skr 3.6bn the second quarter 2011).
     
 

Munch Scream sold to U.S. billionaire

Thursday, 12 July 2012
The American billionaire Leon Black has bought Edvard Munch’s The Scream in the spring.
 

Many former Saab automobile’s employees seat well in the job market

Thursday, 12 July 2012
Employees of pre-bankrupt Saab automobile are seen to be very attractive on the labour market. 
 

Volvo Car jobs disappear in Skövde, Sweden

Thursday, 12 July 2012 
Some 40 jobs are disappearing at Volvo Cars of Skövde, sweden as cuts to production is realised due to sale fall
 

 
  

A Swedish man became billionaire over night – for a very short time 2 hours

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. 
 

Impressive customer service exhibited by Telenor – a case study for business management – when customer told to burn in hell

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. 
 

Growing number of fraud in Sweden as it doubled in ten years

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.
 

Kamprad donates one million to a old people’s home

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
 

SAAB automobile determined to be real energy efficient by connecting to Energy giant

Friday, 06 July 2012
Saab Automobile’s new owners Nevs is reported to be strongly connected to the world’s largest manufacturer of solar cells.

Volvo AERO to be sold to GKN

Thursday, 05 July 2012
Volvo is selling Volvo Aero to the British engineering group GKN for about Skr6.9 billion on debt free basis.
 

Bankruptcies in Sweden on the rise

Thursday, 05 July 2012
The amount of Swedish companies that became financially distressed and fell apart increased in June comparatively.
 

1300 new tourism companies created in Sweden last year

Of all the 76 000 new companies established in Sweden last year, 1300 of them are exclusively  engaged in tourism activities
      

Boat manufacturers, Nimbus Boats out seeks bankruptcy protection

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.
 

Chinese company, Youngman seeking to hire Saab engineers – report

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.
         
 

Another fall in New business start-up in Sweden

Tuesday, 03 July 2012
Compared with the record year 2011, the number of new business start-up in Sweden now fell to 2010 levels according to reports.
 

Massive computer attacks against several Norwegian companies

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.
 

Nokia boss acknowledge mistakes stressing critics’ view that the company had no strategy despite its size.

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.
 
 

Alfa Laval wins a Skr 60 million unique energy efficiency order from AkzoNobel

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.
 

Finnish airliner, Air Finland goes bankrupt

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.
 

LinkedIn very popular with Swedish professionals as One million Swedes get on board.

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.
 

 

     

Moody’s hit hard at 15 big banks as the Euro-zone risk fears grow

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.  

 

 

   


Swedish scientist are developing Brain Medication aimed at stopping alcoholism

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.
 

Mobile telephone system in Sweden killing fixed lines network

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.
 

Swedish companies lining up to invest in dictatorship as the EU relaxes investment rules in former dictatorships

Thursday, 26 July 2012
 
  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.
 

Swedish economy has tripped and veered off curse to the curb

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.
 
 

How unemployed Swedes are taking away jobs from Norwegian youths

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.
 

The UK failing economy challenges its Triple A Status

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.   
  

Czech Republic not satisfied with Swedish gripen business – calls for renegotiation of terms and price

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.
   

Massive ice melting in Greenland referred to as extraordinary

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. 
 

Is this the best time for Sweden to borrow given its historic low interest rate in the market?

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?
 

Sweden could assist Denmark solve its economic crisis – especially its jobs crisis

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.

Trillions of dollars lays idle in tax havens idle in the super rich.

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.
 

Household debt crushing Swedish people as they more debt restructuring

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.
   
 

Swedish economy extremely stable as FITCH confirms Sweden’s credit rating

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.
 

India to refuse to give Scandinavians visas – claims could hit their tourist industry

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.
  

A type of gas spread in the Stockholm subway – many affected

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.
   

Swedish krona made gains against the euro – its strongest since the 2000

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

 
 

Too much fish can increase the risk of stroke – new Swedish study 

Wednesday, 18 July 2012

 

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.
    

Virus attack against Swedish bank customers

Wednesday, 18 July 2012
Swedish banks hit by internet virus as persistent attacks on Swedish company sites continues.
 
  
 

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.
 

Banking scandal could kill British economic last hope – the financial sector

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.
 

Stoppage of trading of Nordea stocks and shares in Nordic market

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.
 

Venture capital organisations operating in Sweden requested to be removed from the hate list by becoming more transparent in their operations

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?
 

Intense calls for investigation of Swedish banks’ interest rate system after the Libor Scandal in the UK

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.
 

Swedish traders expect bumper business with the Olympic games

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.
 

The Swedish Red – Green are poise to lead the country if opinion polls remain trusted

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.
 

The future of Swedish education quality compromised due to teachers shortages

Friday, 13 July 2012
Concerns about the quality of education in Sweden increases as the number of vacant teaching positions in Sweden also increases.
        
  

Antidepressants increase among young in Sweden

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.

 

Hungry for diversity or just bowing down to pressure – Finland want more police officers with immigrant background

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.  
 

Swedish state energy company, Vattenfall infuses more money into its German business

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.
    
 

Two Swedish banking giants SEB and

Swedbank investigated for the infringement of competition 

Thursday, 12 July 2012
Two Swedish banks, SEB and Swedbank are facing trouble with the authorities as they are being investigated for competition issues.
  

Airliner, Norwegian reports short of expected because of Nkr70 million  strike cost

Thursday, 12 July 2012
The Norwegian budget airliner, Norwegian reported a weaker than expected second quarter result which made the boss, Bjørn Kjos irritated.
 
 

Did you know those who are destroying the global economy? Finnish far right leader Timo Soini and 12 others are

 Wednesday, 11 July 2012

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.
 

Swedish house prices rose gently but prices are still depressed comparatively

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.

 
   

Persistent rumour and now contingency talks of how Finland can be ready to leave the Euro

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.
 

Tiger kills a young man in Copenhagen highlighting that friendship between man and animals can hardly be mutual  

Wednesday, 11 July 2012
A young man has been found dead in a tiger enclosure at Copenhagen Zoo, at about 7:30 local time.


 

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. 
 

Personal internet browsing could be encouraged in Swedish work places

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.
 

More skin cancer risk common in coastal areas such as Gothenburg, Sweden – new research show

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.
 

New orders growth for Swedish industrial sector in May

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

Norwegian government leaped to stop oil conflict as the effect is felt in the oil prices

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
 

Weak June for Swedish retail trade -cloths  hardly hit but rain lift shoe sales

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.
 

Many Swedish cities and urban areas can not cope with a flood 

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
 

Sweden blocking Syrian assets in their bank

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.
   
 

No way for future collaboration between Social Democrats and Conservatives

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.

Many people could be affected with diabetes without knowing it

Monday, 09 July 2012
Hundreds of thousands of Swedes have type 2 diabetes without the disease being detected a new report say as part of a new study.

Swedish Companies are more optimistic of the future

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.
 

Swedish Centre Party is weakening and has now lost its threshold to reach parliamentary

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.
 

Earning gap between immigrants and Norwegians narrows signifying a more broad based and open job market

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.
     
 

Swedish finance minister, Anders Borg warns of Greek bankruptcy

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.
  

Swedish government to improve the working conditions and benefits for sex workers

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.


 

Swedish Middle class finding difficulties to save – government blamed for encouraging borrowing

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.  
   

Currency: The strong Swedish Krona and weaker Euro puts Swedes in best and cheap Euro holiday places but…

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.      
 

How the Swedish Employment Services fail to assist the unemployed in their job search

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.
 

Swedish services sector crumple as PMI in the services sector fell to 47.4 in June

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.  
 

Swedish Premier, leader of the Conservatives, Reinfeldt, to lower corporate taxes

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.
 

Swedes join the Poles to be the latest growing colonisers of Norway

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.

 British economy really weak such that “recovery” is not an optimistic word

 

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)
 

Switzerland to hire fighter jet, Gripen from Sweden

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.

Swedish PMI for June fell to 48.4 – showing gloomy economic outlook

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.
  

Swedish teachers are the lowest paid comparatively in Europe

Monday, 02 July 2012
The pay received by Swedish teachers is lagging behind compared to other countries, a new report has said.


 
  

The Swedish Green Party struggles to get support from rural areas 

Monday, 02 July 2012

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 board
 Stockholm 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.
 

 

Friday, 29 June 2012     

 

   Thursday, 28 June 2012

       
 

Wednesday, 27 June 2012

        
             
          
     


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