Sweden saw a 6.2 percent increase in music sales during 2016, and in the country that gave the world Spotify, it's perhaps no surprise that streaming services are leading the charge.
Swedish carmaker Volvo, owned by the Chinese Geely group, said on Friday it had turned the corner towards becoming a major international player as it posted record unit sales.
Volvo, owned by China's Geely, acknowledged making mistakes that hit sales in China and the United States, but denied Monday in a newspaper interview speculation that the Sweden-based automaker would pull out of the American market.
Swedish defence contractor Saab is set to invest further in India with its purchase of shares in naval defence company Pipavav, the company announced on Monday.
Sweden's budget fashion giant H&M has cited disappointing sales and exchange-rate woes as factors behind a drop in net profit, and said the lingering winter will take a swipe at its spring collections.
In June there were 27,485 new cars registered in Sweden, a drop by 2.8 percent compared to the same month last year, according to industry organisation Bil Sweden, representing manufacturers and importers of cars, trucks and buses.
The world's 100 largest arms dealers, excluding Chinese vendors, sold weapons for $401 billion in 2009, with US vendors remaining in first place, according to a report published Monday.
Swedes showed a renewed zeal for buying new cars in December, with new vehicle registrations shooting up 13 percent compared to the previous year, new statistics show.
Sales figures for Saab Automobile continue to disappoint, dipping 61.7 percent in September compared with the year before. Meanwhile, Volvo’s car sales jumped 8.1 percent.
