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Stockholm’s Karolinska Institute suffers fall in reputation ranking

Sweden's Karolinska Institute (KI) has tumbled in a prestigious international reputation ranking released on Wednesday.

Stockholm's Karolinska Institute suffers fall in reputation ranking
The reputation rankings were dominated by the US. Photo: Anonymous100000/WikiCommons

Stockholm's KI, which selects the winners of the Nobel Prize in medicine, saw a significant drop in the Times Higher Education (THE) World Education Rankings 2018 which was released on Wednesday.

It now ranks in the 61-70 bracket, in other words, it ranked between 61st place and 70th worldwide. This is down from the 51-60 bracket over the past two years, and 45th place in 2015. 

The tumble mirrors a similar misfortune for Karolinska in September, when the university dropped ten places in a similar education ranking

Phil Baty, the editor of THE, said at the time that the 2017 tumble could likely be blamed on the scandal hitting the institution involving celebrity Italian surgeon Paolo Macchiarini. The surgeon was fired from KI over accusations of misconduct after several of his trachea transplant patients died.

READ MORE: Macchiarini's seventh transplant patient dies

Elsewhere in Sweden, only the Uppsala University managed to crack the top 100 in the 2018 reputation rankings, sneaking into the 91-100 bracket. 

The reputation rankings were dominated by the US, with 44 institutions in the top 100 and Harvard University at the top of the pile.

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Elsewhere, the UK could boast 9 institutions in the top 100, with China and Germany offering six each. 

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BUSINESS

Sweden has the world’s third most expensive Big Macs: report

Sweden has the world's third most expensive Big Macs, behind only Switzerland and Norway, the UK's Economist magazine reported in the 2017 edition of its famous global burgernomics index.

Sweden has the world's third most expensive Big Macs: report
How much will a burger set you back in Sweden? Photo: Tomas Oneborg/SvD/TT

Sweden boasts the EU's priciest Big Mac, with the ubiquitous double-decker burger now costing $5.26 (48 kronor), according to the Economist's raw Big Mac Index.

That means it costs four percent more than it would in a McDonald's restaurant in the US.

In Switzerland a Big Mac costs $6.35, and in Norway $5.67.

The Big Mac Index was launched in 1986 as a lighthearted way of working out whether a country's currency is overvalued or undervalued, based on the theory of purchasing-power parity.

However, it has been used in several economics textbooks since its invention. And one memorable advertising campaign once erected a billboard at the border between Norway and Sweden in an attempt to entice hungry Norwegians to cross the border for a cheaper burger.

The Economist last week also presented another version of the index, adjusted for the relationship between prices and GDP per person, taking into account that prices are higher in for example Sweden, but so are wages.

According to this version, Sweden still tops the list in the EU with its Big Macs overvalued by 9.4 percent against the dollar, but falls behind Brazil, Pakistan, Thailand, Colombia, Chile and Peru.

A dollar cost around 8.9 Swedish kronor on Tuesday, compared to 9.2 a month ago.