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Friday, 27 April 2012 Samsung
reported a record operating profit for the first quarter of this year,
5.85 billion dollars, almost doubling over the same quarter 2011.
The vehicle
manufacturer AB Volvo reports a profit before tax of Skr5.602 million
for the first quarter of 2012. This compares with profit of Skr5.847
million a year ago
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.
On the day
Apple announced a bone crushing growth, pioneer and Finnish beleaguered
mobile phone maker, Nokia says it will begin taking Finnish orders for
its latest Lumia phones midnight Tuesday
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.
SEB, with CEO
Annika Falkengren, makes a profit of 3.7 billion in the first quarter.
It was far worse than a year ago but better than experts had
anticipated, as SEB managed to keep costs in check.
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
2013.
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
decline.
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.
Wednesday, 18 April 2012 Interim reports
of the free newspaper group Metro International showed a loss after tax
of €1.7 million, or about Skr11.6 million, for the first quarter.
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
and interest.
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
Tuesday.
Monday, 09 April 2012 Sony is
reported to have been doing away with 10,000 posts, about 6 percent of
its global work force, reports the Japanese newspaper Nikkei.
Wednesday, April 04, 2012 The Danish
pharmaceutical company, Novo Nordisk has taken the throne as the Nordic
region's largest listed company by market capitalization.
Wednesday, 04 April 2012 Fall in Swedish
purchasing managers’ index for services (PMI - services) fell by 1.5
index points to 52.6 in March but still in growth zone.
Thursday, 29
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.
Wednesday, 28
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.
Thousand of
people gathered in the squares all over Norway today to "re-conquer"
the song the mass murderer Anders Behring Breivik say it has been used
to "brainwash" Norwegian children.
Thursday, 26 April 2012 Linné University, one of the worse performing schools in the country
Swedish self
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
examines.
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
barometer.
Ikea
contributes to the destruction of ancient forests in Russia in search
of wood for his furniture according to Swedish television’s
investigative report.
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
Chinese Premier
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.
The Swedish
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.
Tuesday, 24 April 2012 Sweden’s
problem with racism is okay when it does not concern the Jews. When the
Swedish racist mess with the Jews, the Americans will come to town.
Tuesday, 24 April 2012 The Swedish
people are getting too heavy for their knee joints. Today, many 45 year
olds use knee prosthesis due to being overweight or obese according to
news reports.
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 Stockholm Stock
Exchange began the trading week with a real shellacking on Monday,
where mainly short - cycle manufacturing company, commodity-related and
banks led the way down
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.
Sunday, 22 April 2012 Over the
weekend it was eminent that the world's richest countries would inject
new billion to the IMF, but the U.S. stood outside and did not move a
muscle.
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
Friday, 20 April 2012 The Norwegian
version of Wikipedia, Anders Behring Brevik sympathizers and those who
share his ideology are struggling to express their ideas there.
Friday, 20 April 2012 The Danish
industrial sector is looking at increasing its investment in the coming
months projected to increase by 25 percent this year.
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.
The Swedish
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
year end.
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?
Wednesday, 18 April 2012 The Swedish
region of Västra Götaland, in western Sweden is reported to be the best
county of the country when it comes to exports Sweden
That security
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
Skr100 billion.
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?
Tuesday, 17 April 2012 The economic
crisis is also evident in military purchases worldwide, according to
the newest report from the International Peace Research Institute in
Stockholm, SIPRI.
The Afro
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
Anders Borg.
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.
Swedish Real
estate prices for one- or two-dwelling buildings were unchanged during
the first quarter 2012 compared to fourth quarter 2011offiial reports
from statistic Sweden show.
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.
Wednesday, 11 April 2012 A majority of
Swedish voters believe that the Social Democrats have a better policy
than the Conservatives, when it comes to job policy, healthcare,
education and environment.
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.
Tuesday, 10 April 2012 Sweden is a
country where cosmetic the surgical sector is the most unregulated in
the Europe but there is fight now for the sector to be regulated after
various scandals.
Tuesday, 10 April 2012 Many immigrants
in Denmark would be very happy to get old in their original homelands
than to get stuck in an unfriendly Danish old people's home
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
The U.K. economy narrowly avoided falling back into recession in the
first quarter of 2012, an independent economic research group said
Thursday.
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.
As the Nordic
countries continue their quest of creating the best form of humans,
soon, a new DNA test for foetuses will be unvailed to sort out Down syndrome from the unborn.
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.
The bankrupt
Saab Automobile’s liabilities has been accounted to stand at between
Skr12 and Skr13 billion, and assets including land is a "a fraction of
this." This low mismatch was not known before.
Tuesday, 03 April 2012 The Swedish
truck and bus manufacturer AB Volvo wants to attract more young people
in the Swedish industry and it is investing in a major training program.
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
level?
Sunday, April 01, 2012 The story that
Swedish houses are over valued is not new but the question rests on how
are the Swedish homes overvalued. An international study show the
comparison.
The Danish
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
Denmark.
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.