City Stockholm Financial News

On top of the grievous toll in human life and misery, Israel’s war against the Hamas and Hezbollah militant groups has been expensive

The Nobel memorial prize in economics has been awarded to Daron Acemoglu, Simon Johnson and James A

The Royal Swedish Academy of Sciences has awarded the Nobel Prize in chemistry to David Baker, Demis Hassabis and John Jumper for their work with proteins

Two pioneers of artificial intelligence have won the Nobel Prize in physics

Sweden says that Iran was behind thousands of text messages that were sent to people in the Scandinavian country calling for revenge over the burnings of Quran, Islam's holy book in 2023. Authorities in Stockholm claim that Iran's paramilitary Revolutionary Guard carried out «a data breach» and managed to send «some 15,000 messages text messages in Swedish» over the string of public burnings of the Quran. Senior prosecutor Mats Ljungqvist said that a preliminary investigation, carried out by Sweden's SAPO domestic security agency, showed that «it was the Iranian state via the Iranian Islamic Revolutionary Guard Corps, IRGC, that carried out a data breach at a Swedish company that runs a major SMS service».

mpox first seen in eastern Congo, a day after the World Health Organization declared the outbreaks there and elsewhere in Africa to be a global emergency. The Swedish public health agency said in a statement the patient recently sought health care in Stockholm. «In this case a person has been infected during a stay in the part of Africa where there is a major outbreak of (the more infectious mpox),» the agency said.

Neeraj Chopra missed the chance to defend his Olympic gold on Friday and settled for silver with a best throw of 89.45 meters in the men's javelin final at the Paris Olympics. Pakistan’s Nadeem Arshad, who finished 5th at the Tokyo Olympics, clinched gold with a monstrous throw of 92.97 meters, setting a new Olympic record. Chopra, comfortably ahead in qualifiers and favourite to win, looked off his best form. His best throw of 89.45 meters came on his second attempt. He committed four consecutive fouls in his final four attempts.

China will ban the export of all unregulated civilian drones that can be used for military purposes or in terrorist activities and restrict certain drone features

These documents, a few of which are being reprinted for our readers, reveal a series of letters exchanged between the British Olympic Association, the International Olympic Committee and the India Office, discussing the prospects of Indian participation at the 1912 Olympics. Had this participation happened, India would have been among the first Asian countries to embrace the Olympic movement, alongside Japan, which established a national Olympic Committee in 1911 before participating in the 1912 competition.

cook for you. Few places put these two obsessions into focus as beautifully as the world of Facebook groups. I am in many food groups because I like good food and interesting recipes. The good part of food groups is that you learn about new restaurants or delivery outlets, their timings and menus, and often, group members share exciting recipes. But that's where it begins and ends. For some reason, most people in food groups write posts phonetically. It's like being in a kindergarten class, where you're trying to guess the word being spelt out. Usually, food groups are — yes — manned by men, who take their job seriously. I've seen them tick off hapless women who write down intricate recipes, but shockingly, have added pictures of the dish instead of one, as 'allowed' by admin.

The deadly stockpiles of nuclear weapons built by Cold War adversaries Russia and the US gave the ‘MAD’ doctrine of ‘Mutually Assured Destruction’ a literal ring. With thousands of nukes each, both had enough to destroy the planet many times over. Could today’s geopolitical divide between a China-led bloc and the US-led West imperil the world with another arms race being pushed beyond the limits of reason by its force of rivalry? According to the latest report by Stockholm International Peace Research Institute (SIPRI), a think-tank, all nine nuclear-armed countries—the US, Russia, UK, France, China, India, Pakistan, North Korea and Israel—modernized their arsenals in 2023, while some deployed new weapon systems.

According to the regulator's Financial Services Register, the authorisation became effective on 11 June, with the LTAF named CG Arcmont LTAF, while its sub-fund has been called CG Arcmont Private Credit Europe LTAF. FCA approves Legal & General's first private markets LTAF Arcmont Asset Management is a private debt asset manager, which was acquired by Nuveen in 2023. It has offices in London, New York, Paris Munich, Madrid, Milan, Stockholm and Luxembourg. The LTAF is open-ended product, set to provide an element of liquidity to investors and exposure to European direct lending opp...

nuclear-armed nations including the US, Russia, France, China, India and Pakistan, continued to modernise their nuclear arsenals and several of them deployed new nuclear-capable weapon systems in 2023, a Swedish think-tank said on Monday. In its analysis, the Stockholm International Peace Research Institute (SIPRI) said China's nuclear arsenal increased from 410 warheads in January 2023 to 500 in January 2024, and it is expected to keep growing. The report said some 2,100 of the deployed warheads were kept in a state of high operational alert on ballistic missiles, and nearly all of them belonged to Russia or the US. However, for the first time China is believed to have some warheads on high operational alert, it said.

Swedish accident investigators say the country’s oldest amusement park did not properly test new parts for a roller coaster that derailed last year

German energy company Uniper says a tribunal has awarded it more than 13 billion euros (nearly $14 billion) in damages for gas that Russia's Gazprom hasn’t supplied since 2022

Volodymyr Zelenskyy concluded long-term security agreements with Sweden and Norway on Friday, a sign of Western commitment to Ukraine as Kyiv seeks further military support from the West in the war with Russia. Zelenskyy visited Stockholm as Western nations discuss whether to let Kyiv use weapons provided by them to strike targets inside Russia. The security deals with Sweden and Norway bring to 15 the number of agreements Kyiv has signed with Western nations. Under the latest deal, Sweden will transfer two ASC 890 surveillance aircraft — seen as crucial for identifying incoming cruise missiles and drones and identifying targets in the air and at sea — as well as its entire stock of armoured tracked personnel carriers. But Stockholm will not yet transfer Saab Gripen fighter jets to Ukraine. Sweden joined the Western military alliance this year and does not have such jets.

Sweden will donate two radar surveillance and command aircraft to Ukraine to boost its defences in the war with Russia, the Swedish government said on Wednesday, as part of its largest aid package to Ukraine so far worth about 13.3 billion Swedish crowns ($1.3 billion). The Saab Airborne Surveillance and Control (ASC) 890 aircraft allows easier long-range target identification and will help Ukraine with the planned introduction of F-16 fighter jets donated by other Western countries, Sweden said. «They will complement and reinforce the F-16 systems,» Defence Minister Pal Jonson told a press briefing in Stockholm.

Apple Inc. is challenging a €1.8 billion ($1.9 billion) fine levied by the European Union for thwarting fair competition from music-streaming rivals, including Spotify Technology SA. The iPhone maker has filed a suit at the EU’s General Court in Luxembourg to topple the March decision, according to people familiar with the matter who spoke on condition of anonymity.

US IPO activity. Since then, listings on New York exchanges by China-based companies have been small and rare. Zeekr’s valuation suffered in the aftermath, too.

Thousands of Taylor Swift fans are following her across the pond after missing out on her U.S. concert tour last year or being put off by marked-up ticket prices

Thousands of Taylor Swift fans are following her across the pond after missing out on her U.S. concert tour last year or being put off by marked-up ticket prices