City Stockholm Financial News

Exciting news! Mint is now on WhatsApp Channels.Subscribe today by clicking the link and stay updated with the latest financial insights!Click here! "The laureates contributed to the unprecedented rate of vaccine development during one of the greatest threats to human health in modern times," it added. The pair will receive their prize, consisting of a diploma, a gold medal and a $1 million cheque, from King Carl XVI Gustaf at a formal ceremony in Stockholm on December 10, the anniversary of the 1896 death of scientist Alfred Nobel who created the prizes in his last will and testament.

Nobel Prize season. October marks the time when the Nobel committees convene in Stockholm and Oslo to unveil the recipients of these prestigious annual awards. First in line, as is customary, is the Nobel Prize in medicine or physiology, set to be announced by a panel of judges at the Karolinska Institute in the Swedish capital on Monday.

By Supantha Mukherjee and Divya Rajagopal

hot inflation, but the American singer seems an unlikely macroeconomic force. Hotel prices surged in Sweden when 46,000 fans flocked to the capital, Stockholm, for the pop star’s tour in May. The country’s consumer-price index hit 9.7% that month, higher than expected.

ANKARA (Reuters) — President Tayyip Erdogan said Turkey needs to turn the legal troubles of U.S. Senator Bob Menendez, a long-time critic of his government, into opportunity for its requested purchase of F-16 U.S. fighter jets, Turkish media said on Tuesday.

STOCKHOLM (Reuters) -Scandinavian airline SAS said on Tuesday it was evaluating final bids in an equity fundraising that closed a day earlier, and which is part of an ongoing bankruptcy protection process.

Sweden’s central bank has raised its key interest rate, saying the “inflationary pressures in the Swedish economy are still too high.”

By Simon Johnson and Niklas Pollard

STOCKHOLM (Reuters) — Sweden's government promised tax cuts and more money for welfare, defence and the criminal justice system in its 2024 budget on Wednesday, but said spending had to be limited by the need to keep a lid on inflation.

Brevan Howard, one of the world’s biggest hedge funds, has been on a bit of a warpath with its hiring recently. It’s been adding portfolio managers around the world, from both banks and other funds.

By Marie Mannes

The Swedish government wants to increase the country's defense budget by 28% as it prepares to join the NATO alliance

Two executives of a Swedish oil exploration and production company have gone on trial in Stockholm for securing the company’s operations in Sudan through their alleged complicity in war crimes 20 years ago

Russia, Belarus and Iran not to attend this year’s Nobel Prize award ceremonies as the Nobel Foundation has withdrawn its invitation following “strong reactions" from the Swedish lawmakers. Earlier today, several Swedish lawmakers said they would boycott this year’s Nobel Prize award ceremonies in Stockholm, after the private foundation that administers the prestigious awards changed its position from a year earlier and invited representatives of the three countries to attend, saying it “promotes opportunities to convey the important messages of the Nobel Prize to everyone." Some of the lawmakers cited Russia's war on Ukraine and the crackdown on human rights in Iran as reasons for their boycott.

Nobel Foundation that administers the prestigious awards, has reversed its invitation policy and invited Russia, Belarus and Iran, as well as the leader of a far-right Swedish party, who had previously been banned. Vidar Helgesen, the executive director of the private foundation said in a statement that there was a global trend in which «dialogue between those with differing views is being reduced.» To counter that, he said, «We are now broadening our invitations to celebrate and understand the Nobel Prize and the importance of free science, free culture and free, peaceful societies.» The foundation said that invitation for the 2023 events was extended to all countries with diplomatic missions in Sweden and Norway and parties «that have parliamentary representation via democratic elections,» adding that «this common approach promotes opportunities to convey the important messages of the Nobel Prize to everyone, and in future this practice will be common to the entire organisation.» Last year, the diplomatic envoys of Russia and Belarus were barred from attending the glittery prize ceremonies and banquets, which always take place on December 10, because of the war in Ukraine, and the ambassador of Iran was also excluded because of «the serious and escalating situation» in the country. All the Nobel Prizes are handed out in Stockholm other than the Nobel Peace Prize, which is awarded in Oslo. The foundation also extended the invitation to the Sweden Democrats party leader Jimmie Akesson who declined it, saying on Facebook that «unfortunately I'm busy that day.» Swedish political party leaders are traditionally invited to the banquet but Akesson, who heads a nationalist party with far-right roots, has been snubbed in the

STOCKHOLM (Reuters) — Swedish electric vehicle maker Polestar's operating loss narrowed in its second quarter as the auto industry slowly recovers from pandemic-related supply chain bottlenecks.

Prosecutors have asked for the district court to fine Lazard SKr1.5m (£108,000) because of Slettengren's high status at the firm.

Prosecutors have asked for the district court to fine Lazard SKr1.5m (£108,000) because of Slettengren's high status at the firm.

By Shashwat Chauhan

Legionella bacteria were found on the barge. Migrants are removed from the Bibby Stockholm barge after traces of the bacteria causing Legionnaire’s disease were found in the onboard water system. Confirming the move, the UK Home Office said that all 39 migrants onboard the vessel in Dorset would be removed, but it did not say where they would be sent.

Portland in south-west England has become a battleground of emotions and opinions as the UK government's plan to house 500 asylum seekers on a large barge in its harbour faces intense opposition from local residents. Perched atop the town, the imposing 93-meter-long Bibby Stockholm stands as a symbolic embodiment of the contentious proposal. With its 222 cabins, the barge is slated to accommodate up to 500 asylum seekers in the coming months. However, the plan hit a snag as the first arrivals, scheduled for Tuesday, were thwarted by a last-minute hitch. The concept of relocating asylum seekers to docked barges is not merely about cost-saving; it also aims to serve as a deterrent for illegal crossings.