Industry & Trade
Latests news and information on industry, industrial development, manufacturing, domestic and international trade.
EU still seeking trade deal after new Trump tariff threat
The EU still hopes to strike a deal with the United States despite President Donald Trump's ramped-up threat of 30-percent tariffs, the bloc's trade chief said Monday, with pressure on Brussels to toughen its stance.
IN PICTURES: Historic Kiruna move leaves behind ghost town of memories
Sweden's northernmost city, Kiruna, is moving three kilometres to make way for underground mining expansion. But not everyone's happy about the move.
Court gives Swedish start-up go ahead for fossil-free steel plant
A court in Sweden has given the steel company H2 Green Steel the go ahead to start building a coal-free steel plant in northern Sweden, the first greenfield steel plant in Europe in 50 years.
Sweden's Ikea to hike prices by 9 percent due to supply chain woes
Ikea will hike its prices by an average of nine percent next year due to ongoing supply and transportation disruptions, the company that operates most of the Swedish furniture giant's stores said.
Swedish government pledges millions for green industry
Sweden’s government has announced investments totalling 300 million kronor (31.5 million euros) to help the manufacturing industry reduce its carbon emissions.
Volvo profits plunge due to North American sales decline
Sweden's Volvo, which is the world's second-largest truck maker, said on Tuesday that bottom-line profits fell sharply in 2016, hit by a decline in sales in North America.
Sweden's Volvo gives $6.7m to US family
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.
Sweden's Volvo to export 'made in India' buses
Swedish auto giant Volvo is planning to build buses destined for Europe's roads in Bangalore, providing a major boon to Prime Minister Narendra Modi's 'Make in India' campaign.
Night owls nab jobs at Sweden's Volvo Cars
Volvo Cars has reintroduced night shifts at its plant in Torslanda in west Sweden, creating an extra 1,500 jobs in the company's home region.
Sweden's Volvo to build first car factory in US
Swedish carmaker Volvo Cars has announced plans to build its first factory in the United States, 60 years after it started selling cars in the country.
New Volvo cars to reach United States from China
China's first-ever car export to the United States is going to be the originally Swedish brand Volvo, with the cars made at a new factory in Chengdu.
Volvo prepares for 3.7b kronor fine from EU
Sweden's Volvo, the world's second-largest maker of trucks, is setting aside 3.7 billion kronor ($497 million, €400 million) to cover a potentially huge fine from the European Union for price rigging.
Sweden's labour costs 'distressingly high'
Labour costs in Sweden are 22 percent higher than the eurozone average, a difference which threatens Swedish industries' ability to compete, economists warned in a report on Tuesday.
'Swedish firms less equal than Saudis': biz daily
Sweden's premier business daily on Friday noted that many Swedish companies were less gender equal than the Saudi Arabian parliament, and said introducing quotas could mark a generational shift.
Sweden's industrial workers set for pay hike
Workers in Sweden's industrial sector earned a 6.8-percent raise in wages on Tuesday, agreeing to a new collective wage deal following a lengthy set of negotiations.
Swedish ball-bearing giant slashes 2,500 jobs
Sweden's SKF, the world's biggest maker of industrial bearings, announced on Monday it was cutting 2,500 jobs, a move widely regarded as a tell-tale sign of tougher times ahead for the manufacturing industry.
Strike looms as Swedish bank union locks horns
Talks have broken down between Sweden's Financial Sector Union and an industry association over the wages and employment conditions of its 30,000 members.
Orders fall in June - but are up on 2009
Swedish industry saw orders fall by 2.5 percent between May and June, according to preliminary figures from Statistics Sweden. But the figures were a 15.5 percent rise on June 2009.
Southern Skyline shines in country spotlight
<b>Swedish musicians have made their mark in just about every popular musical genre around the world - except country. Stockholm's Southern Skyline hopes to change that, writes Emy Gelb.</b>
Sweden demands answers on FARC arms
Sweden called on Venezuela on Monday to explain how Swedish-made weapons sold to the South American country ended up in the hands of Colombian FARC guerillas.
Swedish industrial orders plummet
New industrial orders in Sweden dropped by 12.6 percent in the three month period from December to February, according to preliminary figures from Statistics Sweden.
Sweden's state-owned firms lack diverse leadership
Despite promises by the current government to make diversity a priority, the number directors in Sweden’s state-owned companies held by people of non-Nordic background has dropped by 50 percent.
Defence budget cuts hit arms industry
Concerns have been raised that government plans to cut the defence budget will threaten Sweden's arms industry.