March 16, 2010
Published: 6 Nov 09 15:45 CET
Online: http://www.thelocal.se/23122/20091106/
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Sweden’s decision to allow the Russian-led Nord Stream gas pipeline to pass through its territorial waters has prompted a scathing response from the political opposition.
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Torgils Bonde, a member of Sweden's high society, has raised eyebrows by putting his 2,800 hectare property up for sale for close to a record sum of 200 million kronor ($28.3 million). READ »
The Swedish Riksbank has concluded that while everyone failed to see the impending finance crunch, it's own board was furthest behind when it raised interest rates just weeks before the Lehman Brothers bankruptcy. READ »
Swedish energy firm Vattenfall announced the sale on Friday of its German power grid to Belgium's Elia and Australian investment fund IFM for $1.1 billion. READ (1 COMMENT) »
Sweden's Carl Bildt joined a chorus of Nordic foreign ministers on Thursday calling on Iceland to reach a banking payback deal with Britain and The Netherlands, warning that IMF aid money depended on it. READ (13 COMMENTS) »
The inflation rate doubled in February to 1.2 percent on January's figure as household mortgage interest payments no longer had a dampening effect, a new report from Statistics Sweden shows. READ (1 COMMENT) »
Two Swedes have been named among the richest people in the world, according to the latest Forbes ranking which places Mexican telecom magnate Carlos Slim at the top of the pile. READ (22 COMMENTS) »
Chinese car maker Zheijiang Geely Holding Group is a step closer to becoming the new owner of Swedish firm Volvo Cars after announcing that it had secured the 15 billion kronor ($2.1 billion) in financing. READ (11 COMMENTS) »
Swedish internet movie service Voddler has signed a contract with the US film giant Warner Bros. Entertainment. The deal covers film material from Warner Bros and New Line Cinema. READ (4 COMMENTS) »
Sweden's Finance Minister Anders Borg has lent his support to a German initiative to create a European currency fund to support euro countries with budget problems, but said that Sweden would not be contributing finance. READ (3 COMMENTS) »
Sweden's Prime Minister Fredrik Reinfeldt has reminded crisis-stricken Iceland that the Swedish portion of a large Nordic country loan is conditional on Reykjavik concluding a compensation deal for the Icesave bank collapse. READ (24 COMMENTS) »
Ryanair – when the going gets tough, will the tough get going? »
"Like all empires, Ryanair's will come to an end, but like a old punch drunk prize-fighter, will they see the upper cut before it is too late?" READ »
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whether or not sweden gone along with the project , it would not be the last time it will bend over for Russia's will.