Latest Sweden News
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Pirate Bay co-founder on trial in Sweden
A SWEDISH co-founder of file-sharing website The Pirate Bay has gone on trial, charged with hacking and stealing data from an IT services company with ties to the Swedish tax authority and other government agencies. Gottfrid Svartholm Warg and a 36-year-old man from central Sweden denied the charges of stealing data from Logica, a company that handled classified personal records for the ...
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Ex-Saab executives arrested on accounting charges
STOCKHOLM -; A Swedish prosecutor says three former executives of automaker Saab Automobile AB have been arrested on accounting fraud ...
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Riots in Stockholm After Shooting
Rioting youth torched cars and fought police in a Stockholm suburb into the early hours of Monday, injuring four police officers and causing substantial damage to property. The rioting was caused by anger over the fatal police shooting of an elderly man in the Husby area a week ago, according to Megafonen, a local youth organization. Police said between 60 and 100 people, most of them ...
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Some Swedish youth riot over police shooting death
STOCKHOLM Gangs of youth angered by the police shooting death of an elderly man hurled rocks at police and set cars and buildings on fire in a Stockholm suburb early Monday, forcing the evacuation of an apartment block. Around 50 youths were involved in the riots in the suburb of Husby, west of Stockholm, police spokesman Lars Bystrom said. The youths set light to a parking garage, compelling ...
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Swedish extradition request for Assange ‘a fit-up’ - UK intel chatter
WikiLeaks WikiLeaks founder Julian Assange cited unclassified messages exchanged inside a UK intelligence agency to back his refusal to be extradited to Sweden. One of the messages calls sex-related allegations against Assange "a fit-up". The Australian, who has been stranded at Ecuadorian embassy in London for almost 12 months, cited instant messages he received from Government ...
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Man gets payout for not shaking womans hand
A town in western Sweden has agreed to pay damages to a man who was told he wouldn't be hired if he refused to shake a woman's hand for religious ...
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Exporting the Swedish welfare model
Sweden has been praised internationally for providing a recipe for success in times of economic crisis. The Swedish welfare model seems to have stood the test of time. Now experts believe that multinational companies can help export successful Swedish ideas to other ...
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McDowell moves to seventh in world golf rankings
Graeme McDowell, shown during the 2013 Masters, won the Volvo World Match Play on Sunday and moves to seventh in the men's world golf rankings. UPI/Kevin ...
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Marrying a white man to elevate status is risky Swedish man wants his Kenyan ex-wife deported from Sweden without their baby
Sweden together on discovering that she was pregnant. After a short while in Sweden, they started fighting one another and their relationship has broken down. The woman, together with the child, is now being housed by A women crisis center. The man has now used his connections and wants the woman deported without the baby. The woman’s father in Kenya who gave them the go ahead to have ...
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Police called Husby residents monkeys
Husby rioters "monkeys" on Sunday night, with residents already concerned police were spreading disinformation which provided "the spark for social discontent" according to local newspaper Norra Sidan's (The North Side) editor-in-chief Rouzbeh ...
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Topless Swedish beach bunny sparks outrage
A caricature of an amply endowed topless woman, which marks the spot on a map for a public beach in western Sweden, has caused at least one mother to see ...
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Pirate Swede in biggest ever hacking trial
Svartholm Warg is on trial once again in Sweden for his role in committing what prosecutors believe may have been the largest data breach in Swedish ...
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Ericsson and Refugees United announce Global Hack for Good to connect refugees to missing families
STOCKHOLM, SWEDEN--(Marketwired - May 20, 2013) - * First-of-a-kind event will rally global tech community around a common goal: creating technical solutions that help refugees find lost family * Three weekend challenges in Cairo, Egypt; San Francisco, USA; and Nairobi, Kenya * Winners to be announced on World Refugee Day, 20 June In order to raise awareness of the plight ...
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Swedish Banks Get No Mercy as EU Agenda Ignored Nordic Credit
Swedish Finance Minister Anders Borg said he won't cave to pressure from banks or the European Union to harmonize standards and insists capital ratios in the largest Nordic economy need to be higher than those elsewhere. "We will push ahead with higher capital requirements," Borg said in an interview in Stockholm. "We won't take any risks regarding ...
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Swedish AP Funds’ Ethical Council releases 2008 report
The Ethical Council of Sweden’s First to Fourth AP Funds has reported on 2008’s progress in its engagement with companies suspected of violating the ethical guidelines which preside over the four Funds’ investments, with success in several cases. When the Ethical Council identifies a breach of convention, it often indicates that a company has failed to acknowledge ...
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Second Swedish Pension Fund takes huge tumble
The Second Swedish National Pension Fund/AP2 has recorded a sharp fall in its market worth for 2008, amounting to a return of -24 per cent on net assets. The return value, SEK -55.1bn, meant the Fund’s capital assets totalled SEK 173.3bn at the end of December 2008, and had a net inflow of SEK 0.9bn. The capital asset value was SEK 54.2bn lower than in 2007. The drop has been ...
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Swedish pension funds sell cluster-bomb holdings
Holdings in companies that market cluster weapons are to be sold by the Second Swedish National Pension Fund (AP2) and Forsta AP-fonden (AP1). The decisions have been made on the recommendation by the Ethical Council of the Swedish National Pension Funds, a convention endorsed by Sweden in May 2008, and the First to Fourth Swedish National Pension Funds have been advised to exclude ...
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Dim outlook for Nordic economies
Nordic countries are facing an economic slowdown as stronger inflation and higher interest rates begin to take their toll, says Nordic and Baltic financial services group, Nordea. Economists at Nordea have predicted that these sluggish economies will not pick up until 2010, and warned that there are clear signs that the unemployment rate will rise in the future. Nordea’s ...
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Operational risk top priority for Nordic funds
Reducing operational risk and increasing support for new products were among the key concerns for Nordic institutional investors surveyed as part of a recent White Paper published by BNY Mellon Asset Servicing. The ...
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Swedish pension fund pulls out of cluster bombs
Swedish pension fund AP7 will sell all its holdings in companies making cluster bombs and nuclear weapons. The move by AP7, one of seven state-owned pension funds in Sweden, means holdings in Airbus parent EADS and US-based Lockheed Martin Corp. and General Dynamics Corp. will be sold. AP7 manages pension savings worth around 90bn kroner (about $15bn). The move follows news in April ...
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Swedens AP funds update
Sweden’s AP1 – one of the buffer funds assigned by the Swedish Parliament to manage the Swedish people’s pension funds – has posted strong performance figures in both absolute and relative terms for the first half of 2007. The Forsta AP-fonden, which manages assets with a value of SEK 221bn, reported a total return on net assets of 6.3%, which is equal to SEK 1.3 bn ...
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Swedish companies avoid the red
Swedish pension companies were given favourable evaluations by The Swedish Financial Supervisory Authority, Finansinspektionen (FI), in the Q2 2007 traffic light report. No insurance companies received a red light during that period, while pension companies as a whole – including life insurance companies and occupational pension funds – showed a larger margin to the red light ...
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SCA Implements Compulsory Redemption of Shares
STOCKHOLM--(BUSINESS WIRE)-- SCA (STO:SCAA) (STO:SCAB) will implement a compulsory redemption of the minority shares outstanding in its German subsidiary SCA Hygiene Products SE (Societas Europeas), formerly PWA. The value of the shares is approximately SEK 1,000m, according to an independent valuation. Following SCA's acquisition of PWA back in 1995, a large minority stake ...
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Youths burn 100 cars in violent Stockholm riots
Violent youths rioted in northern Stockholm on Sunday night, setting fire to cars and throwing rocks at police, in what is believed to be a protest against the fatal police shooting of a machete-wielding man in the suburb last ...
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Europeans make up a large family says study
In Europe, nearly everyone is related. A new genetic analysis showed that Europeans have a high degree of relatedness between themselves and are descendants of a group of ancestors who lived only a thousand years ago. The study examined the genetic proximity between residents of 39 countries over the past three thousand years to compare the genetic sequences of two thousand ...
Sweden Feature
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Sweden remains committed to green goals
Sweden wants its national electricity grid to be entirely free of oil dependence by 2025 and recent developments in the offshore wind energy sector seem to be a step in the right direction.
Sweden is a country with a strong commitment to renewable energy and environmental sustainability. The national capital, Stockholm, despite being the largest city in the country and home to almost a quarter of the population, is one of the cleanest of all European capitals. Read more
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