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Business & Money - The Local

Fears new funding rules could hobble Swedish startups
Elin Olsson funded the development of her innovative smoke detector through crowdfunding. Photo: Anders Andersson/TT

Crowdfunding is a risky business, but could Swedish plans to regulate it make it too hard for small companies to get investment?

Ikea recalls chocolate over nut allergy fears
Ikea has recalled several chocolate bars. Photo: Cornelius Poppe/NTB Scanpix/TT

Don't eat these bars if you are allergic to nuts or almonds.

So Sweden has high taxes? Not as high as you might think
A taxpayer hands in their tax declaration. Photo: Bertil Ericson/TT

So you think Swedes pay a lot in tax? Others pay much more, according to a new study.

Fired Ericsson boss to get millions in payouts
Hans Vestberg of Ericsson. Photo: Christine Olsson/TT

Swedish telecoms giant Ericsson has fired its long-standing CEO Hans Vestberg, but said he will receive a severance package amounting to millions of kronor.

Private holiday rentals boom in Sweden
A youth hostel in Sundsvall, central Sweden. Photo: Helena Landstedt / TT

More tourists in Sweden are choosing to rent private homes from the likes of Airbnb – but the hotel industry is just fine.

My Swedish Career
'Fashion is this big industry that can really do better'
Social entrepreneur Stefanie Smith. Photo: Elinor Magnusson

The Local talks to US social entrepreneur Stefanie Smith about transparent fashion and why Sweden's startup scene is about more than just tech.

Swedish Volvo rev up for another sales record
Volvo Cars CEO Håkan Samuelsson. Photo: Björn Larsson Rosvall/TT

Will Volvo Cars manage to break last year's record?

Thousands of layoffs feared as Ericsson announces cuts
One of Ericsson's offices in Kista, Stockholm. Photo: Hasse Holmberg/TT

New efficiency measures put forward by Ericsson in response to weak sales could lead to thousands of job losses, a union fears.

EU hits truck cartel with record price fixing fine
Volvo Group trucks lined up at its factory. Photo: Björn Larsson Rosvall/TT

Sweden's Volvo Group has been fined for forming a cartel with other truck makers.

Volvo eyes jobs boost in Sweden, but cuts in US
Martin Lundstedt at Volvo Group's factory on a previous occasion. Photo: Adam Ihse/TT

Sweden's Volvo Group is planning to boost its workforce in Gothenburg by another 400-500 people, thanks to an unexpected rise in profits.

Ericsson shares fall after claims it inflated revenue
Ericsson is set to present its second-quarter report on Tuesday. Photo: Janerik Henriksson/TT

Ericsson has strongly denied allegations it exaggerated its revenue.

Sweden's building trade rocked by bribery claims
Building work in Stockholm. Photo: Jonas Ekströmer/TT

The majority of respondents to a new survey of bosses in the Swedish construction injury say they believe there is bribery in the trade.

Sweden named Europe's most innovative country
Computer servers in Luleå, northern Sweden. Photo: Susanne Lindholm/TT

It seems the Swedes still aren't bored of coming first in every race.

Are tourists being caught out by Sweden's old bank notes?
An expired 1000 kronor note. Photo: Riksbanken/TT

The Local has heard how tourists may be going out of pocket due to receiving expired Swedish bank notes.

Ikea recalls another million 'child-killer' drawers in China
US experts demonstrating last month how the drawers could kill a child. Photo: AP Photo/Carolyn Kaster

Swedish furniture giant Ikea is recalling more than 1.6 million cabinets and other items in China.

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