Sweden edition

Economic

The following articles have been tagged with "Economic":

Hillary Clinton lines up Sweden visit

Politics: 26 May 12
Sweden is set to host US Secretary of State Hillary Clinton in early June and discussions will concern green energy, internet freedom, Afghanistan and the Middle East READ »

Ibrahimovic pledges future to Milan

Sport: 26 May 12
Swedish striker Zlatan Ibrahimovic has stated that he is happy at AC Milan and will honour his contract, while bemoaning the club's lack of financial muscle. READ »

The Swedish media and the 'Tooth Fairy State'

Analysis & Opinion: 25 May 12
A recent report admonishing Swedes about their dental hygiene prompts Swedish journalist and columnist Ola Tedin to reflect on how a sometimes uncritical media appears to serve the interests of the Swedish state. READ »

Nine of ten tourists 'happy' with Sweden

Business & Money: 23 May 12
Nearly 17 million foreign tourists visited Sweden in 2011, and almost all of them enjoyed their stay, according to a new report. READ »

Problem of profiting ex-politicos not simply money, money, money

Analysis & Opinion: 18 May 12
Abba's famous refrain fails to capture the true cause for concern when Swedish politicians leave government to fatten their wallets in the private sector, argues commentator and historian David Linden. READ »

IMF warns Swedish economy 'vulnerable'

Business & Money: 16 May 12
The growth of the Swedish economy is vulnerable due to its exposure to weak European economies, International Monetary Fund wrote in a report released on Tuesday. READ »

Jail for heads of massive sex trafficking ring

National: 14 May 12
Two Romanian men were sentenced on Monday to six years prison for smuggling eleven women to Sweden as part of a brutal and far-reaching prostitution ring. READ »

Bildt in surprise meeting with jailed journos

Politics: 11 May 12
Swedish foreign minister Carl Bildt has met with two Swedish journalists imprisoned in Ethiopia a day after bringing up their case with Ethiopian prime minister Meles Zenawi. READ »

Irish invasion as Gaelic football hits Stockholm

Lifestyle: 10 May 12
The opening of the Nordic Gaelic football championships takes place this weekend in Stockholm, and with more Irish people coming to Sweden to escape their homeland's economic gloom, the event promises to be the biggest yet. READ »

Bildt: next French leader faces 'wake up' call

Politics: 6 May 12
Swedish Foreign Minister Carl Bildt called on the French presidential election front-runner Francois Hollande on Saturday to take account of European economic conditions if he wins the second round of voting. READ »

State-funding for 'fare-dodgers' sparks outrage

Society: 3 May 12
The Swedish Arts Council has come under fire for providing public funds to help an organization that encourages Swedes to dodge paying fairs on public transit systems around the country. READ »

Ex-minister snags top Swedish banking job

Business & Money: 2 May 12
Ex-Social Democrat minister Thomas Östros will be the new head of the Swedish Bankers' Association, it was revealed on Wednesday. READ »

How studying at Stockholm can lead to a great Swedish career

Education: 24 Apr 12
When Han Zhang came from China to study a Masters at Stockholm University in 2009, it put her on the path to a career at a top Swedish law firm. She is one of many overseas students for whom studies in Stockholm have led to careers in Sweden. READ »

'United States losing its global influence': Borg

Politics: 23 Apr 12
Sweden's finance minister Anders Borg warned at the weekend that the United States' position as a leader on the global economic stage was at risk due to its failure to strengthen an IMF crisis fund. READ »

Mute and mutilated: black women and the cutting of the 'racist' cake

Analysis & Opinion: 20 Apr 12
The criticism surrounding the 'racist' cake controversy has so far failed to adequately explore the impact of the installation on the attitudes and predicament of black women, argue three researchers working in Sweden on issues of gender and race. READ »

No change for Sweden interest rate: Riksbank

Business & Money: 18 Apr 12
Sweden's central bank is holding the country's benchmark interest rate steady at 1.5 percent, the Riksbank announced on Wednesday, saying the Swedish economy was showing some "positive signs". READ »

Global weapons spending levels out: Swedish think tank

Science & Technology: 18 Apr 12
Global spending on arms totalled $1.740 trillion last year, a figure which is largely the same as in 2010 in real terms, new figures from the Stockholm International Peace Research Institute (SIPRI) show. READ »

Sweden pledges $10bn to IMF bailout fund

Business & Money: 18 Apr 12
Sweden pledged $10 billion to the new International Monetary Fund (IMF) crisis funding, taking the global total to $286 billion with additional pledges from Norway and Denmark, the Fund's managing director announced on Tuesday. READ »

'People have a duty to make themselves hirable'

Politics: 17 Apr 12
Social Democrat leader Stefan Löfven has admitted that his party has done a poor job emphasizing individuals' own responsibility for making themselves employable. READ »

Sweden slashes 2012 growth forecast

Politics: 16 Apr 12
The Swedish economy is set for a major slowdown in 2012, according the spring budget presented on Monday by finance minister Anders Borg, who warned for the "downside risks" amid the continued economic uncertainty. READ »

'Women and children first' a myth: study

Science & Technology: 12 Apr 12
The widespread belief that women and children are saved first in maritime disasters is a myth, unless the men onboard have been threatened with physical violence, a new Swedish study has found. READ »

'Sweden has betrayed the Arab struggle for democracy'

Analysis & Opinion: 11 Apr 12
Sweden's plans to help build a weapons plant in Saudi Arabia are a betrayal of the Arab spring and amount to a support for a Saudi-backed Arab counter-revolution, argue a group of Arab and Swedish pro-democracy activists. READ »

Sweden world's most generous donor: OECD

Politics: 7 Apr 12
Sweden dishes out more development aid in relation to gross national income than any other country, according to figures released by the OECD this week. READ »

Swedes bake up success with online pizza site

Business & Money: 2 Apr 12
Three Swedes have struck online (and pepperoni covered) gold after the online pizza service they created was bought by a German company READ »

Foreign women opt to be 'own boss' in Sweden

Business & Money: 2 Apr 12
Increasing numbers of foreign-born women are taking the plunge into self-employment in Sweden in order to overcome the difficulties of finding a job, new statistic show. READ »

Moving made easy: Top tips for your international move

Lifestyle: 30 Mar 12
Moving from one country to another is hard work and stressful. Hiring a good removal company is your first step. Here are a few more tips for making the move as easy as possible. READ »

H&M profit hopes tied down by pricey cotton

Business & Money: 29 Mar 12
Swedish fashion retailer H&M recorded higher net profits in the most recent quarter according to figures published on Thursday, yet failed to live up to analysts' expectations. READ »

'Sweden needs laws against politicians' reckless spending'

Analysis & Opinion: 28 Mar 12
Sweden should change its constitution to ensure that spendthrift politicians don't leave the economy in ruins, argues Jacob Lundberg of the Moderate party's youth wing. READ »

An international school for a cosmopolitan city

Education: 27 Mar 12
Stockholm is an increasingly popular destination for expatriate workers, and a major effort is underway to accommodate international arrivals. The new International School of the Stockholm Region (ISSR) aims to give foreign children the support they need to thrive in the Swedish capital. READ »

Moderates plan to combat child poverty

Politics: 24 Mar 12
Raising employment rates and offering high-quality daycare for all, not directed subsidies, are the keys to lowering child poverty levels in Sweden, according to the governing Moderate Party. READ »

Lundin: war crimes allegations 'unfounded'

Business & Money: 18 Mar 12
Ian and Lukas Lundin have rejected accusations that the Lundin Group consists of "opportunistic, dictator-hugging businessmen", arguing that allegations of human rights abuses are "unfounded, unfair and in some cases, absurd". READ »

Poverty drops in Sweden: report

Business & Money: 16 Mar 12
The number of poor households in Sweden has decreased after a dramatic rise over the last ten years, according to figures that the Parliamentary Investigative Service has calculated on the behest of the Left Party. READ »

Students opt for Swedish companies: survey

Business & Money: 14 Mar 12
Swedish students have their eye on home-grown companies when it comes to joining the work force after graduation, according to a recent survey. READ »

Sweden mulls legalizing surrogate motherhood

Politics: 13 Mar 12
Sweden took a step toward a possible lifting of its ban on surrogate motherhood on Tuesday, despite impassioned opposition from political parties on both the left and right. READ »

Three in four Rosengård children 'live in poverty'

National: 12 Mar 12
In the Malmö district of Rosengård over 70 percent of children are living in relative poverty, according to fresh figures from Statistics Sweden, which measures the growing economic divides across the country. READ »

Poorer children in more traffic accidents: report

National: 11 Mar 12
Traffic safety is a class issue in Sweden, as working class children are far more likely to be injured in traffic than their middle class friends, according to a study from Stockholm's Karolinska Institute. READ »

‘Swedish is the world’s richest language’: Swede

Lifestyle: 9 Mar 12
After meeting a Swede who claimed that Swedish was the richest of all the world’s languages, The Local’s Oliver Gee searched a little deeper into how Swedish rates on the world stage. READ »

Sweden's industrial output soars: report

Business & Money: 9 Mar 12
Sweden's industrial output is on the rise, reported Statistics Sweden on Friday, revising some of its 2011 figures due to a calculation error. READ »

Eleven Swedes make Forbes billionaires list

Business & Money: 8 Mar 12
Eleven Swedes have made it onto the Forbes billionaires list for 2012, with H&M owner Stefan Persson ranking highest among the Swedes considered to be the world's wealthiest. READ »

Why Sweden has had a good crisis

Analysis & Opinion: 2 Mar 12
Stockholm University professor Lars Calmfors explains why Sweden has so far escaped relatively unscathed from the financial crisis - and how the latest bout of uncertainty might affect the economy. READ »

Swedish economy hit by eurozone troubles

Business & Money: 29 Feb 12
Sweden's economy contracted in the last quarter of 2011, shrinking by 1.1 percent compared to the previous quarter and showing the export-dependent economy's vulnerability to the eurozone crisis. READ »

'CEOs earn in a year what workers earn in a lifetime': union

Business & Money: 29 Feb 12
CEOs in Sweden earn on average in one year what manufacturing workers stand to earn in their entire lifetimes, according to a report from Sweden's main trade union group. READ »

Stockholm parking spots pricier than apartments

Business & Money: 21 Feb 12
A 700,000 kronor ($105,051) asking price didn't stop the sale of a parking spot in Stockholm's trendy Östermalm district where the price for real estate designated for cars can exceed the per square-metre price of nearby apartments. READ »

Runaway krona must be 'reined in': experts

Business & Money: 21 Feb 12
The Swedish krona is 25 percent overvalued against the US dollar, according to the OECD, jeopardizing the currency's appeal as a “safe haven” for investors. READ »

Swedes seek breast milk donors via Facebook

Science & Technology: 20 Feb 12
Swedish health authorities have turned to Facebook in an attempt to find women who are willing to donate breast milk. READ »

'We don’t know why he didn’t try to leave'

National: 20 Feb 12
Many questions remain about how and why a 44-year-old Swedish man survived subzero temperatures in his snow-bound car for two months without any food. READ »

'Inertia' of Swedish model bashed by firms

Business & Money: 19 Feb 12
Swedish companies want to reform the Swedish labour market in order to boost competitiveness, and hope to adopt the euro, according to their representatives. READ »

Skype founder: 'cold winters' key to Swedish tech success

Science & Technology: 16 Feb 12
Swedish entrepreneurs Niklas Zennström, founder of Skype, and Andreas Ehn, founder of Spotify, spoke recently in Stockholm about the secrets to their success and why Sweden "punches above its weight" when it comes to producing tech start-ups. READ »

Sweden cuts repo rate further amid 'uncertainty'

Business & Money: 16 Feb 12
The Riksbank cut Sweden's benchmark interest rate by a quarter point to 1.5 percent on Thursday, as slower growth in the euro area took its toll on Sweden's economic prospects. READ »

Handelsbanken posts strong 2011 report

Business & Money: 15 Feb 12
Handelsbaken, Sweden's second largest bank, on Wednesday reported much-improved earnings for 2011, largely thanks to a drop in credit losses. READ »

Stockholm ranked among world's top student cities

Education: 15 Feb 12
Stockholm beat out Helsinki and Copenhagen, as well as several other university towns in northern Europe in a ranking of the “Best Student Cities in the World” published this week. READ »

'Syria's Assad should step down': Bildt

Politics: 15 Feb 12
Swedish foreign minister Carl Bildt called for Syrian president Bashar al-Assad to step down when delivering the government's annual statement of foreign policy on Wednesday, which also prompted a heated debate about the recognition of a Palestinian state. READ »

EU to probe Sweden's 'economic imbalance'

Business & Money: 14 Feb 12
Sweden is among twelve countries set to be discussed in a report from the EU commission, due to what the European Commission has identified as imbalances in the economy. READ »

Narcolepsy victims in new compensation bid

Business & Money: 13 Feb 12
Families of children in Sweden suffering from narcolepsy caused by vaccination for the swine flu can expect some form of compensation, Swedish health minister Göran Hägglund said on Sunday in response to new calls for help from parents. READ »

Mats Sundin in massive kid's health research gift

Business & Money: 10 Feb 12
Mats Sundin, the ex-Swedish hockey great, has made a donation supporting research into children's health at Karolinska Institutet in Stockholm and the University of Toronto. READ »

Brits in Sweden to forge northern alliance: paper

Politics: 9 Feb 12
Nordic, Baltic and British leaders have been gathering in Stockholm, ostensibly to discuss future challenges shared by the nations. But commentators think the meeting has a bigger purpose - as part of a British-led strategy to forge a new 'northern alliance' in Europe. READ »

'Drunkorexia' on the rise in Sweden: report

Science & Technology: 9 Feb 12
An increasing number of young Swedes are starving themselves by day to be able to binge on calorie-rich alcoholic drinks by night, as a well known phenomenon in the US is becoming more common in Sweden. READ »

Two Swedes arrested for sex crimes in New York

Science & Technology: 9 Feb 12
Two high-ranking Swedish executives with an e-commerce start-up have been charged with sexually assaulting a teenager in a New York hotel room at the weekend. READ »

SAS earnings hit by Spanair bankruptcy

Business & Money: 9 Feb 12
The bankruptcy of Spanair pulled SAS into the red for 2011, despite improved operating profits, the Scandinavian airline reported on Wednesday. READ »

Twins ‘overwhelmed’ by new Indonesian findings

National: 8 Feb 12
29-year-old twins Lin Backlund and Emilie Falk, adopted to separate Swedish families at birth, are lying low after reporters in Indonesia claimed to have found their birth mother and family. READ »

Swedes meet Ethiopian PM over jailed journalists

Politics: 5 Feb 12
A senior Swedish delegation has met in secret with Ethiopia's prime minister Meles Zenawi to discuss the case of two Swedish journalists jailed in the country for terror crimes, according to media reports. READ »

Volvo group announces record sales for 2011

Business & Money: 3 Feb 12
Volvo group, the world's second-largest truck maker, posted a 63-percent hike in its 2011 net profit on Friday, boosted by record sales, as well as a 43-percent hike in the fourth quarter. READ »

Europe's banks set for years of 'shrinkage': Borg

Business & Money: 2 Feb 12
Swedish finance minister Anders Borg warned that Europe's financial sector was headed for a decade of tough reforms that would leave it much smaller, but more robust. READ »

How Millennium films tap deep into Swedish angst

Lifestyle: 1 Feb 12
Is there any truth in the image of Sweden portrayed in the Millennium books and films? Stockholm University ethnologist Jonas Engman argues that the stories have tapped into Swedish fears that their society’s success is not all they had been brought up to believe. READ »

Sweden 'an important partner': US ambassador

Analysis & Opinion: 1 Feb 12
Recently installed US ambassador to Sweden Mark Brzezinski speaks to The Local's David Landes about US-Swedish relations and taking Swedish lessons from his two-and-half year old daughter. READ »

Sweden gets a seat at the eurozone table

Business & Money: 31 Jan 12
Sweden will participate in the eurozone pact on fiscal discipline, according to prime minister Fredrik Reinfeldt, who claims that all Sweden's demands for joining have been met. READ »

Five buyers 'seriously interested' in Saab

Business & Money: 30 Jan 12
As many as five companies have expressed a strong interest in purchasing bankrupt Swedish automaker Saab, a bankruptcy administrator said on Sunday. READ »

Sweden can back eurozone pact: Riksdag

Business & Money: 27 Jan 12
The Riksdag's EU affairs committee on Friday gave the go ahead to the Swedish government to support the eurozone budget pact at next week's EU summit, provided certain conditions are met. READ »

Principal stopped kids from getting marks that were 'too low'

Education: 27 Jan 12
The principal of a school in western Sweden is under investigation for unilaterally scrapping the marks given to a class of eighth graders because they were too low in comparison to other schools in the area. READ »

Social Democrats drop eurozone pact opposition

Politics: 26 Jan 12
The Social Democrats on Thursday dropped their longstanding opposition to Swedish participation in the eurozone pact on fiscal discipline, after reaching an agreement with the government of Fredrik Reinfeldt. READ »

H&M bottom line feels the pinch

Business & Money: 26 Jan 12
Swedish fashion retailer H&M on Thursday reported a 15 percent drop in net profits for 2011, but remained optimistic for 2012 despite the downbeat economic climate. READ »

Union boss tipped as new Social Democrat head

Politics: 26 Jan 12
Stefan Löfven, current chair of Sweden’s IF Metall trade union, is set to take over as interim head of the Social Democrats, according to Swedish media reports, which were subsequently confirmed by his mother. READ »

Håkan Juholt survives to lead another day

Politics: 20 Jan 12
The Social Democrats' executive committee expressed its continued confidence in embattled party head Håkan Juholt on Friday following two days of intense meetings about his leadership. READ »

Ikea assembles record profits for 2011

Business & Money: 20 Jan 12
Swedish furniture retailer Ikea announced record-breaking profits for 2011 on Friday with sales booming and market share increasing in nearly every country. READ »

Sony Ericsson ends 2011 with massive loss

Business & Money: 19 Jan 12
Sony Ericsson, the soon-to-be divorced Swedish-Japanese mobile phone maker, reported a steep loss for the final quarter of 2011 on Thursday, as earnings were hit by a nearly 20 percent drop in sales. READ »

Ex-minister: financial transactions tax 'failed'

Business & Money: 15 Jan 12
In light of the current European debate on a financial transactions tax, former Swedish finance minister Bo Lundgren has spoken out about Sweden's "very negative" experience of implementing the tax in the 1980s. READ »

Swedbank in massive Latvia write down

Business & Money: 13 Jan 12
Swedbank announced plans Friday to write down two billion kronor ($283 million) from its operations in Latvia, which have been plagued by rumours about their financial stability. READ »

Bildt: euro stability lessened crisis impact

Business & Money: 13 Jan 12
The impact of the global financial crisis would have been worse on the EU the euro had not provided the necessary monetary stability, Swedish foreign minister Carl Bildt said on Thursday. READ »

'In a networked world, Sweden may be more powerful than the US'

Analysis & Opinion: 10 Jan 12
While Sweden's military power may be dwarfed by that of the United States, in a networked world, Sweden may nevertheless find itself better equipped than the US to exert influence on the global stage, argues contributor Stefan Geens. READ »

Ingves: Interest rates stable all year

Business & Money: 2 Jan 12
The head of Sweden's central bank has said he expects Sweden's interest rates to remain at their current low level in 2012, but warned banks that they must be more open about how much they earn from lending to customers. READ »

Sweden's five biggest news stories of 2011

Analysis & Opinion: 29 Dec 11
As 2011 draws to a close, The Local looks back at some of the stories that dominated headlines in Sweden in the past year. READ »

Swedes' disdain for the euro hits new heights

Analysis & Opinion: 27 Dec 11
The debt crisis plaguing the eurozone has left Swedes loving their cherished krona more than ever, a sentiment shared by non-euro country Denmark as well, as both struggle to keep the euro's woes from hurting their own economies. READ »

Swedish 'Dolce Vita' star begs Fellini fund for cash

Society: 23 Dec 11
Anita Ekberg, a former Miss Sweden who stared in "La Dolce Vita", is almost broke, prompting her to make a plea for cash from the foundation of the cult film's director Federico Fellini, according to Italian media reports. READ »

Change banks without changing account numbers: minister

Business & Money: 22 Dec 11
Letting Swedes hold on to their account numbers when switching banks is one way to put pressure on banks thought to be gouging customers with high mortgage rates, financial markets minister Peter Norman said Thursday. READ »

Sweden to tourists: frolic in our forests

Business & Money: 21 Dec 11
Hot on the heels efforts to turn Sweden into the world's culinary capital, the government is set to announce a new initiative meant to make Sweden's vast forests one of the country's primary tourist attractions. READ »

Sweden cuts interest rate amid eurozone worries

Business & Money: 20 Dec 11
Sweden's central bank cut the country's benchmark interest rate by 0.25 percent on Tuesday, at the same time signaling the rate would remain low throughout 2012 amid concerns about developments in the eurozone. READ »

Swede wanted in Ikea Russia fraud probe

Business & Money: 20 Dec 11
A 35-year-old Swedish executive who worked for Ikea in Russia is under investigation for fraud and bribery in connection with the Swedish retail giant's operations in Moscow. READ »

Muller: Saab bankruptcy 'the darkest day'

National: 19 Dec 11
A Swedish court approved Saab Automobile's bankruptcy petition on Monday afternoon after a dejected Victor Muller, CEO of the embattled Swedish automaker, told reporters it was “the darkest day in Saab's history”. READ »

Saab hits bankruptcy 60 years after a flying start

Lifestyle: 19 Dec 11
Saab Automobile's decision to file for bankruptcy on Monday ends two years of efforts to save the unprofitable Swedish automaker 60 years after the aircraft manufacturer started making cars. READ »

Why Sweden should stay out of the EU budget pact

Analysis & Opinion: 13 Dec 11
European leaders have failed to help solve the current debt crisis, and Sweden shouldn't think of signing on to a plan that amounts to an attempt to remake Europe into a super-bureaucratized dream, argues Swedish liberal commentator Johan Norberg. READ »

Swedbank hit by 'Twitter- generated' Latvia panic

Business & Money: 12 Dec 11
More than 100 Swedbank cash machines in Latvia were emptied at the weekend following a wave of rumours on Twitter hinting that the Swedish bank was in danger of running out of money. READ »

Laureates accept Nobel prizes in Stockholm

Society: 10 Dec 11
Sweden’s King Carl XVI Gustaf handed out the Nobel prizes in medicine, literature, economics, physics and chemistry the 2011 laureates at a gala ceremony in Stockholm on Saturday. READ »

'There's no reason to fear another attack'

National: 9 Dec 11
December 11th marks the one year anniversary of the attack by a suicide bomber on a Stockholm street that left Sweden reeling. The Local's Rebecca Martin examines what, if anything, has changed. READ »

'No evidence bomber belonged to al-Qaeda'

National: 7 Dec 11
An unexploded bomb was left in the car of Stockholm suicide bomber Taimour Abdulwahab, investigators said on Wednesday, adding that there was nothing to indicate he was a member of the al-Qaeda terror network. READ »

Nine years for blowing up lover's husband

National: 30 Nov 11
A 58-year-old man in western Sweden has been sentenced to nine years in prison after attempting to blow up the husband of his mistress. READ »

How Stockholm students are at the heart of Nobel week

Education: 29 Nov 11
Studying at Stockholm University gives you the chance to rub shoulders with Nobel laureates on the night they receive their prize - and you might even get the chance to attend the banquet itself. READ »

Bildt: budget rules 'must be obeyed'

Business & Money: 29 Nov 11
Foreign Minister Carl Bildt on Monday defended a European single market but said that stricter budget supervision and regulation by Brussels will only work if already existing rules are adhered to. READ »

Steep hike in immigrant unemployment

Politics: 26 Nov 11
More than one third of people registered as unemployed come from outside Sweden, according to a new unofficial report revealed by Dagens Nyheter. READ »

Ten soul-satisfying Swedish comfort foods

Lifestyle: 25 Nov 11
As the darkness and chill of Sweden's winter gathers pace, food blogger Maia Brindley Nilsson offers up a list of ten Swedish comfort foods to keep your belly full and nourish your sun-starved soul. READ »

Borg grabs top spot in Financial Times' ranking

Business & Money: 23 Nov 11
The Financial Times (FT) has elected Swedish finance minister Anders Borg as the best minister for finance in Europe for 2011, news met with scepticism by Borg's Social Democratic opponent, who claimed he would also have won the top spot if he had been finance minister. READ »

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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