Latest Stockholm News
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Sweden selling Nordea stake could raise $2.8 billion
, said it would sell up to 230 million ordinary shares in Nordea, worth some 18.1 billion Swedish crowns $2.8 billion (1.7 billion pounds) at current market prices, though such bloc sales are usually done at a discount.It will use the proceeds to reduce the national debt.On completion of the sale, Sweden's current 13.4 percent stake in Nordea - a legacy of the country's banking crisis ...
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Sweden to Cut Nordea Stake to 7.8 to Reduce National Debt
Nordea Bank AB (NDA) and use the proceeds to cut the Nordic nation's public debt. The government plans to reduce its stake in the Stockholm-based bank to 7.8 percent from 13.4 percent and will target Swedish and international institutional investors in an accelerated book building starting today, according to a statement. Based on today's closing price of 78.75 kronor, it would ...
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Nobel Prize winner for physics dies in Maine
SACO, Maine -- A physics professor who earned a Nobel prize for pioneering work that changed the way physicists think about phase transitions has died in Maine at age 77.Kenneth Wilson was in the physics department at Cornell University in Ithaca, N.Y., when he won the Nobel Prize in 1982 for applying his research in quantum physics to phase transitions, creating a mathematical tool called the ...
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Stora Enso in restructuring plan
Finnish paper and packaging company Stora Enso said on Tuesday it would shed 2,500 jobs, mostly in Finland and Sweden, citing a weak European economy and the company's poor profitability.The cuts were part of a restructuring plan announced in ...
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Swedish government launches 5.7 pct stake sale in Nordea
STOCKHOLM, June 18 | Tue Jun 18, 2013 11:46am EDT STOCKHOLM, June 18 (Reuters) - Sweden's government said on Tuesday said it was launching a sale of a 5.7 percent stake in Nordea, the Nordic region's biggest bank, as it revisited a long-standing ambition to privatise state assets. The Swedish government, which is Nordea's second biggest owner behind Finnish insurer Sampo, ...
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Abu Dhabi Ocean crew start 2014 Volvo Ocean Race preparation
Volvo Ocean Race (VOR). The team made history as the first Arabian contender in the nine-month, round-the-world, 2011/12 Volvo Ocean Race, lead by skipper Ian Walker, a British double Olympic medallist. Walker will head the crew again as Abu Dhabi Ocean Racing takes part in three races at the famous Cowes Week on the Isle of Wight off England's south coast, which runs from August 3 to 10. ...
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Transport chaos threatens Midsummer
A public transport strike appears likely to kick off on Wednesday night after unions and state-transport heads failed to agree on workers' pay and conditions after three days of ...
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Male nurse dons dress in shorts shortage rage
A male Swedish nurse has donned a dress to protest the lack of shorts at a hospital in southern Sweden, saying he had to fight the small battles for gender equality in the ...
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Ecuadors Assange talks with UK stall
Ricardo Patino said Ecuador will continue to provide political asylum to Assange, who walked into the embassy one year ago in a bid to avoid extradition to Sweden where he is wanted for questioning over rape and sexual assault allegations. A spokesman for the Swedish Prosecution Authority ...
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With help from Chinese auto plan Volvo hopes to thrive
Chairman of Zhejiang Geely Holding Group Li Shufu poses for a photo at an assembly line of the new Volvo automobile manufacturing plant in Chengdu, Sichuan province. CHENGDU, CHINA -- The assembly line crept along at a glacial pace. For the next few months, the workers at the sprawling plant on the outskirts of the Sichuanese capital of Chengdu will be carefully trained before the first cars ...
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Football - Red Devils arrange Stockholm date
The Red Devils will face AIK in Stockholm on August 6 as part of preparations for David Moyes' first full season in charge. Coming just seven days after United return from their five-country tour of the Far East and Australia, and ahead of testimonials for their own defender Rio Ferdinand and Swansea's Alan Tate, plus the Community Shield meeting with Wigan on August 11, it means ...
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Rostelecom Tele2 considering mutual MVNO pact
Rostelecom and Tele2 Russia have entered into talks regarding the introduction of mutual mobile virtual network operator (MVNO) agreements in the near future. ...
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Ericsson urges 4G adoption in Jordan
Swedish vendor Ericsson has called for Jordan's cellcos to introduce 4G Long Term Evolution (LTE) services to satisfy the growing demand for data consumption. The Jordan Times quotes Tarek Saadi, the head of Ericsson's Middle East operations as saying that: 'It is the right time for introducing these services in Jordan, taking into account the rise in internet traffic.' Plans ...
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United arrange Stockholm date
Free £10 bet on football The Red Devils will face AIK in Stockholm on August 6 as part of preparations for David Moyes' first full season in charge. Coming just seven days after United return from their five-country tour of the Far East and Australia, and ahead of testimonials for their own defender Rio Ferdinand and Swansea's Alan Tate, plus the Community Shield meeting with ...
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Man United to play friendly in Stockholm
MANCHESTER, England - Manchester United will travel to Sweden for a friendly game against AIK in August as part of the English champions' pre-season tour.The club said on Tuesday that the game, which will conclude United's preparations for next season, will take place on Aug. 6th at the Friends Arena in Stockholm.United will also play in Thailand, Australia, Japan and Hong Kong in July ...
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Volvo Faces Identity Crisis In U.S.
Volvo is seeking a global lead creative agency. But it needs more than a global ad campaign -- it needs to re-establish its credibility and voice in the U.S. ...
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Clinton urges 2-state solution for Israel
Shimon Peres . "You have to cobble together some kind of theory of a two-state solution, and the longer you let this go, just because of sheer demographics, the tougher it's going to get. I don't see any alternative to a Palestinian state," the former U.S. President said in a speech before the Peres Academic Center in Rehovot Monday night. Clinton said he would donate the ...
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Aid cuts will have devastating consequences
Criticism of the government's foreign aid policy is mounting as Swedish ambassadors, aid organizations and politicians slam Development Aid Minister Gunilla Carlsson's announcements that development assistance to several countries may be ...
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Stora Enso lays off 2500 workers worldwide
Stora Enso says it will lay off 2,500 workers, or some 9 per cent of its total global workforce, as part of a major cost-cutting program and streamlining of operations. The Finland-based company says the measures are aimed at achieving fixed ...
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Puppy smuggling shows no signs of abating
The Local reported earlier this year that while smuggling is not new, the breeds change according to which type of dogs have found favour among Swedes. "There weren't enough chihuahua breeders in Sweden when they became popular," senior adviser ...
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SBAB Bank SBAB Creates Strong Unit for Financing of Multi-Family Dwellings
SBAB is retaining its lending operations to property companies and is merging its business areas for corporate clients and tenant-owner ...
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Train driver slams beggar on loudspeaker
"Unfortunately, a beggar has come onto the train. Whatever you do, don't give any money and tear up the paper that this person is giving you," the driver announced on a Stockholm commuter line heading south-west ...
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Stockholm travellers a repeat problem police
Stockholm University exchange students were forced out of their accommodation over safety concerns, with police claiming the situation is nothing ...
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No review for hand-shake discrimination case
The Swedish Justice Ombudsman will not look at a case in western Sweden where a man was paid damages for not being given an internship after he refused to shake a female boss's hand for religious ...
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Swedish princess bride escapes traffic fine
The police stopped the younger princess as she drove a black Volvo down the bus line by the ...
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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