City Stockholm Financial News

Not long after Russia began bombing Ukraine, Oleksii Martynenko packed his bags and fled Kremenchuk, a once-tranquil but now war-torn city roughly 190 miles (300 kilometres) from Kyiv. He moved to Stockholm and took a job as a line cook. One year later, as his work visa approached expiry, he relocated to Canada’s largest city.

By Supantha Mukherjee

By Supantha Mukherjee and Foo Yun Chee

Pressure is growing on Tesla in Sweden, where a trade union is demanding that the Texas-based automaker sign a collective bargaining agreement, which most employees in the Scandinavian country have

Sweden’s largest egg producer, which had nearly 1.2 million chickens or 20% of all laying hens in the country before a salmonella outbreak, has been ordered to euthanize all of them so the facility can be fully cleaned

Klarna reported its first quarterly operating profit in four years as it attracted more consumers to buy now, pay later loans, giving the firm a boost as it lays the groundwork for an initial public offering.

Buy now, pay later firm Klarna has established a holding company in the U.K. that will sit at the top of its corporate structure, in a symbolic move that paves the path for an eventual listing.

A ferry that had ran aground last month off southeastern Sweden and started leaking oil into the Baltic Sea has been pulled free and anchored nearby

defence spending would boost the economy. “We can reap a genuine peace dividend this year and then year after year, in the form of permanently reduced defence budgets," he declared in 1992. The world took note.

Recep Tayyip Erdogan has submitted a protocol for Sweden's admission into NATO to Turkey's parliament for ratification, his office said Monday. Erdogan had been delaying ratification of Sweden's membership, accusing Stockholm of being too soft on Kurdish militants and other groups he considers to be security threats. Turkey also was angered by a series of Quran-burning protests in Sweden.

By Nerijus Adomaitis

By Supantha Mukherjee

STOCKHOLM (Reuters) -Truck maker Volvo (OTC:VLVLY) reported on Wednesday a bigger than estimated rise in adjusted operating profit and said it expected the major European and North American heavy trucks markets to be strong this year but would slow next year.

Residential price growth across the 107 world cities has slowed in Q2 2023, falling to 1.7% YoY from 11.7% YoY in Q2 2022, according to Knight Frank’s latest report ‘Global Residential Cities Index Q2 2023’. This is recorded to be lower than that experienced in the first wave of the pandemic, when growth reached a low of 2.9% in Q2 2019.

Taylor Swift and Beyonce raking it in with tours that are giving local economies a boost. Big-spending Swifties Swiftmania is at an all-time high, and it is leaping from the stadium to the cinema, where a film on Swift's Eras tour out Friday in over 100 countries worldwide has already clocked up more than $100 million in ticket pre-sales. The tour itself, which finishes in December 2024, is poised to become the first tour to make $1 billion.

An official says a ban on gasoline and diesel-fueled cars from a commercial district of Stockholm’s downtown in 2025 will be the first for a European capital

By Fanny Potkin and Supantha Mukherjee

₹15,920 crore, up by 24% versus the previous year. To be sure, countries such as the US, Russia, and France would capitalize on this sort of an opportunity the most and are likely to increase their share of defence exports compared to India, said Amit Anwani, an analyst at Prabhudas Lilladher. This is because India still accounts for a negligible portion of the world’s defence exports.

Taraji P. Henson had prepared her entire outfit for Beyoncé's Renaissance tour, but the singer unexpectedly changed her plans. During her appearance on The Tonight Show Starring Jimmy Fallon this week, the Empire star revealed her sparkly outfit, inspired by a ninja with intricate silver chain detailing, which she had shared on Instagram. Henson pointed out that upon receiving the outfit, she found its quality to be subpar and contemplated discarding it, but ultimately decided against it. Meanwhile, a documentary chronicling Beyoncé's just-concluded 39-city Renaissance World Tour will premiere in North American theaters December 1, AMC Theaters announced last week. The film adds a second blockbuster from a music superstar to a fall slate of movies that's been slightly thinned out by the ongoing screen actors' strike.

Claudia Goldin, a Harvard University professor, was awarded the Nobel economics prize for research that helps explain why women around the world are less likely than men to work and to earn less money when they do

STOCKHOLM (Reuters) — American economic historian Claudia Goldin won the 2023 Nobel economics prize for «having advanced our understanding of women's labour market outcomes», the Royal Swedish Academy of Sciences said on Monday.