Latest Sweden News
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How the NSAs high-tech surveillance helped Europeans catch terrorists
NSA Director Gen. Keith Alexander testifies before the House Select Intelligence Committee on the NSA's PRISM program during a hearing in Washington, D.C., on June 18, 2013. (Saul Loeb/AFP/Getty Images) (SAUL LOEB) PARIS - In 2007, Belgian police were keeping close watch ...
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Iceland holds informal talks over possible Snowden asylum
STOCKHOLM (AFP) - Iceland said Wednesday it has held informal talks with an intermediary of US intelligence leaker Edward Snowden who reportedly may want to seek political asylum there."A representative of his has, to my knowledgehad some informal discussions with some employees of a couple of ministries, but no formal discussions," Prime Minister Sigmundur David Gunnlaugsson said ...
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Assange wont leave Ecuador Embassy even if Sweden drops charges
London, June 19 : WikiLeaks founder Julian Assange has said that he has been advised by his lawyers to not leave the Ecuadorian embassy even if Sweden drops charges against him fearing US extradition on espionage ...
More Sweden News
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Sweden raises US$3b in Nordea stake sale
STOCKHOLM: Sweden has sold nearly half its remaining stake in Nordea, the region's biggest bank, raising US$3.0 billion (RM9.48 billion) which will be used to pay down debt as the centre-right government heads into an election next year. Sweden sold 260 million Nordea shares, raised from an original goal set on Tuesday of 230 million, due to what it called strong investor demand for the ...
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Swedish court okays possible extradition of Pirate Bay founder
, in fact, be extradited from Sweden to Denmark to face prosecution for hacking offenses – as long as he’s not already been imprisoned in his home country for completely separate hacking offenses committed in Sweden. Clearly, for Gottfrid Svartholm Warg, being partly responsible for one of the most well-known hubs of pirated media and material wasn’t enough of an online ...
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Woman convicted in L.A. train platform death
LOS ANGELES — A homeless woman has been convicted of second-degree murder in the death of an 84-year-old woman who was pushed off a Los Angeles train platform. Jackkqueline Pogue was found guilty late Tuesday shortly after her case was submitted to a jury. Pogue's lawyer said during the trial that she was an unmedicated schizophrenic who had been released from a hospital three days ...
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Swedish Krona Rises to Two-Month High Versus Dollar on Rate Bets
consumer confidence improved and unemployment declined, damping speculation the central bank will cut interest rates further. Sweden's currency strengthened versus all 16 of its major counterparts after a government research institute said the Riksbank will keep its benchmark interest rate at 1 percent this year as the economy improves. Investors should bet the krona will appreciate ...
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Sampo says bought no Nordea shares in Swedish sale
STOCKHOLM, June 19 | Wed Jun 19, 2013 10:48am EDT STOCKHOLM, June 19 (Reuters) - Finnish insurance group Sampo held back from buying more shares in biggest Nordic bank Nordea during a sale of stock by the Swedish state, a Sampo spokesman said on Wednesday. The Swedish government earlier completed a sale of 260 million shares at 75 crowns each to raise $3.0 billion. Sampo is the biggest ...
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City may build glass cage free-zone for addicts
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Strike disrupts bus service in Swedish capital
Stockholm (dpa) - A strike Wednesday disrupted bus service in Stockholm and two other Swedish cities as employers and unions failed to bridge differences over wages and employment conditions.About 1,400 bus drivers and other public transport workers were on strike.The labour dispute also impacted the northern city of Umea and Sodertalje, just south of Stockholm.Stockholm Public Transport ...
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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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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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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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EU probes SAS airline over state aid
The European Commission opened an in-depth probe on Wednesday to see if state aid given to Scandinavian Airlines by Sweden and Denmark conformed to EU ...
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Obama says spies not trawling through emails of Europeans Merkel calls for proportional approach
(57 mins ago) US President Barack Obama said US spies were not ';rifling'' through emails of Germans, French or American citizens, as he defended the National Security Agency’s secret surveillance programmes that have come under fire after being exposed. Speaking in Berlin, Obama defended the sweeps of global phone and internet data during a visit to Germany, where they ...
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Swedish Days opens to perfect weather big crowds
Charlie Naylor (left) and Max Naylor, both 3, from Geneva, pose in their viking hats Tuesday during the Swedish Days Festival in downtown Geneva. (Michaela Simone – ...
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Swedish bond auction volumes seen unchanged after Nordea share sale
STOCKHOLM, June 19 | Wed Jun 19, 2013 6:57am EDT STOCKHOLM, June 19 (Reuters) - The Swedish Debt Office said on Wednesday government bond auction volumes would remain unchanged following the government's sale of Nordea shares. Sweden sold nearly half its remaining stake in Nordea, the region's biggest bank, raising $3.0 billion which will be used to pay down debt. The lower ...
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Jeepers creepers your shoes hurt my peepers
In The Local's new Fashion Fix column on Swedish trends, Englishwoman Victoria Hussey gets up close and personal with shoes - namely "brothel creepers" from WWII that have been making a steady return ...
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Frozen raspberries could spread vomiting bug
Imported frozen raspberries should be boiled before eaten according to new advice from Sweden's National Food Agency, which warns that the berries may carry the novo virus that is more known for causing winter vomiting ...
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HM blames long winter for profit drop
H&M posted a steeper than expected fall in quarterly profit on Wednesday, citing currency headwinds and a challenging retail climate but said June sales were "off to a good ...
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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