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Sweden keeps record negative interest rate
Riksbank head Stefan Ingves. Photo: Bertil Ericson/TT

Sweden keeps record negative interest rate

1 day ago

UPDATED: Sweden's central bank (the Riksbank) is keeping its key interest rate, the repo, at a record low of -0.35 percent.

Former Swedish Saab bosses appear in court
Saab's former CEO Jan Åke Jonsson. Photo: Karin Olander/TT

Former Swedish Saab bosses appear in court

2 days ago

Swedish car maker Saab's former CEO Jan Åke Jonsson and the firm's former head lawyer Kristina Geers have appeared in court in Vänersborg in west Sweden, accused of falsifying financial documents shortly before the company went bankrupt in 2011.

Chinese firm in bid to build Swedish railway
China Railway Construction's chief engineer Xu Keliang. Photo: News Øresund

Chinese firm in bid to build Swedish railway

August 31, 2015

A Chinese company has made an offer to build a planned Swedish high-speed railway in record time and at a much lower price than previously estimated, Swedish media has reported.

Swedes debate capital's first Airbnb rent ‘ban’
The apartment is located in Stockholm's trendy Södermalm neighbourhood. Photo: Christine Olsson/TT

Swedes debate capital's first Airbnb rent ‘ban’

August 27, 2015

UPDATED: A landmark ruling banning a woman in Stockholm from renting out her apartment via the home-sharing website Airbnb after a rent tribunal likened the letting with running a "hotel business" on the premises has sparked debate in Sweden.

Ikea stops selling alcohol at Swedish restaurants
The alcohol is gradually being phased out. Photo: Bjorn Lindgren/TT

Ikea stops selling alcohol at Swedish restaurants

August 27, 2015

Global flat-pack furniture giant Ikea is in the midst of clearing out all the alcoholic beverages from shelves in the restaurants at its Swedish stores, after alcohol sales dwindled.

Nordic home tax breaks are most generous in EU
Swedish homeowners enjoy the most generous tax breaks in the EU. Photo: Jessica Gow/TT

Nordic home tax breaks are most generous in EU

August 26, 2015

Sweden's controversial tax breaks for households are the most generous in the EU. But a Swedish homeowners' association has told The Local that ditching them could spark a crisis, despite other calls that they are stalling the country's economy.

Sweden's Volvo gives $6.7m to US family
Volvo is based in west Sweden. Photo: Adam Ihse/TT

Sweden's Volvo gives $6.7m to US family

August 25, 2015

The family of a one-year-old girl who suffered irreversible brain damage after getting trapped in a Volvo car's electric window is to be awarded almost seven million dollars (55.6m kronor) by the Swedish firm.

China crisis
Swedish shares rise after global market plunge
File picture of the Stockholm Stock Exchange. Photo: Fredrik Persson/TT

Swedish shares rise after global market plunge

August 25, 2015

Stockholm's stock exchange bounced back on Tuesday following a slump after crashing financial markets in China and elsewhere in Asia sent ripples around the world.

Stockholm market falls amid global jitters
Stockholm's stock exchange has been affected by jitters in Asia. Photo: Fredrik Sandberg/TT

Stockholm market falls amid global jitters

August 24, 2015

UPDATED: There was gloomy financial news first thing on Monday morning as Stockholm's stock market immediately fell by around three percent following a major slump in China which has affected markets across the globe.

New US flights take off from Nordic capitals
SAS is launching new routes from Scandinavia to the US. Photo: Fredrik Varfjell/NTB scanpix/TT

New US flights take off from Nordic capitals

August 20, 2015

UPDATED: Three new direct routes are being launched from the Nordic capitals to the United States from next spring as Scandinavian airline SAS aims to boost its long-haul fleet.

Volvo stays in fast lane despite China dip
Volvo Cars' Swedish chief executive, Håkan Samuelsson. Photo: Bertil Ericson/TT

Volvo stays in fast lane despite China dip

August 19, 2015

Swedish automaker Volvo Cars, owned by China's Geely, reported Wednesday a rise in first half profits even as sales tumbled in its biggest market, China.

Swedish SAS bosses face claims of bullying
Swedish airline workers have complained of discrimination. Photo: Janerik Henriksson/SCANPIX

Swedish SAS bosses face claims of bullying

August 19, 2015

An anonymous poll of flight crew at Scandinavian airline SAS has uncovered accounts of sexual harassment, discrimination and bullying among its Stockholm-based staff.

Ikea recalls lamp after toddler gets shock
An Ikea store. Photo: Mark Lennihan/TT

Ikea recalls lamp after toddler gets shock

August 18, 2015

UPDATED: Nordic homeware giant Ikea has taken a child's night lamp off its shelves across the EU and the US after a toddler got an electric shock.

A studio in Stockholm or a castle in countryside?
A sign advertising an ongoing apartment viewing in Sweden. Photo: Tomas Oneborg/SvD/TT

A studio in Stockholm or a castle in countryside?

August 14, 2015

The gap between Sweden's least and most affordable homes is growing. The average apartment in the capital now goes under the hammer for the price of 17 similar digs elsewhere in the Nordic country.

Petrol hike marks start of Swedish 'driving season'
Fuel prices are going up in Sweden. Photo: Fredrik Persson/Scanpix

Petrol hike marks start of Swedish 'driving season'

August 03, 2015

Tourists have been enjoying unexpectedly inexpensive road trips in Sweden this summer thanks to falling petrol prices. But the treat turned out to be as short as it was sweet.

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