May 25, 2012

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Business & Money headlines

Three Swedish banks downgraded by Moody's

Moody's Investors Service on Thursday downgraded its long-term ratings on three Swedish banks, believed to be at risk if the European financial crisis deepens. READ (6 COMMENTS) »

Police suspect theft after surprise cash 'windfall'

A woman is suspected of theft after she dropped a stash of 1,000 kronor ($140) banknotes in southern Sweden and then fled the scene, while local residents rushed in to gather the loot that was blowing in the wind. READ (3 COMMENTS) »

Cheap Norway nappies smuggled via Sweden

A gang of Lithuanian diaper smugglers is using Sweden as a transit country to ferry cheap nappies bought in Norway for resale at a stiff markup in eastern Europe. READ (15 COMMENTS) »

Nine of ten tourists 'happy' with Sweden

Nearly 17 million foreign tourists visited Sweden in 2011, and almost all of them enjoyed their stay, according to a new report. READ (1 COMMENT) »

Armed thieves escape after highway chaos

Police are searching for the men involved in a dramatic highway robbery in Stockholm on Tuesday night, in which one car was stolen at gunpoint and an armoured transport vehicle was rammed. READ (9 COMMENTS) »

Arla looks to milk UK, German dairy mergers

Swedish-Danish dairy giant Arla plans to merge with both a German and a British dairy cooperative in a bid to become the largest dairy company in the UK. READ (4 COMMENTS) »

Swedish airline Skyways files for bankruptcy

Swedish budget airline Skyways Express has cancelled all flights after it and its City Airline subsidiary filed for bankruptcy on Tuesday morning. READ (3 COMMENTS) »

Sweden drifting from 'Swedish model': report

Sweden's historically generous social safety net isn't as robust as it once was, according to a new report, which reveals Sweden has fallen below the average for many other developed countries when it comes to various types of social insurance. READ (37 COMMENTS) »

Swedish printer in South Africa banknote fiasco

An error involving a Swedish printing press has turned into a very expensive headache for South African central bank officials who have been forced to destroy millions of dollars' worth of faulty banknotes. READ (4 COMMENTS) »

Construction workers see fewer inspections

Sweden's work environment watchdog has made ten percent fewer inspections on construction sites over the past seven years, despite twice as many work-site employees since 2007. READ (1 COMMENT) »

More Business & Money

• 18/05 Boob burns not bikini-related: Swedish retailer (6 comments) »
• 17/05 Firm sued over Facebook 'threats' sacking (2 comments) »
• 16/05 Swedes' pension hopes tied to Facebook IPO (8 comments) »
• 16/05 IMF warns Swedish economy 'vulnerable' (9 comments) »
• 15/05 Patient blackmails doc after affair turns sour (3 comments) »
• 15/05 Astra Zeneca slashes 400 more jobs in Sweden »
• 14/05 Deserted Swedish homes used to grow cannabis (10 comments) »
• 14/05 Swedish union plea to Obama: 'help save Saab' (7 comments) »
• 11/05 PEAB founder freed in arena bribery scandal (2 comments) »
• 10/05 Skanska profits double but fail to beat forecasts (2 comments) »

Meet Sanna, 9 years old

Sanna is one of 2 million people in Sweden under the age of 18. Sweden is seen as a good place to grow up. The law makes sure children are well-protected and defends their rights and any organizations work with children's well-being. Read more »

Strindberg, king of drama

August Strindberg's plays shocked society, dazzled audiences and revolutionized drama. A century after his death, Strindberg, with his powerful, timeless themes, is celebrated around the world. Read more »

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