Sweden Financial News

Helsinki's vibrant Bohemian northern district, a long breadline snaked down Helsinginkatu and then up Kustaankatu. Nearly 500 people were waiting in the freezing queue for the weekly handout of free food. Breadlines became a familiar phenomenon in Finland since the recession years of the early 1990s. It's looming again. In 2023, GDP declined 0.5% and Finland's central bank says while inflation is easing and households' purchasing power rising, GDP could contract by a further 0.2% in 2024. On the same Wednesday morning, the UN-sponsored World Happiness Report (WHR) declared Finland as the happiest country in the world for the 7th year running. As in the past, other Nordic countries, Denmark, Iceland, and Sweden were cheek by jowl to Finland.

Layoffs at Apple: Apple Inc was trying to develop microLED displays for the future models of Apple Watches internally. However, according to Bloomberg, the efforts were futile and because of it the tech giant re-organised its display engineering teams while laying off dozens of employees across Asia and United States. Layoffs at Dell: Dell had said that it is cutting its workforce as a part of broader cost-cutting measure.

Carl Pei, CEO and co-founder of consumer electronics company Nothing, doesn’t believe in labels. “I don’t like people who say that they are an ‘entrepreneur’ or a ‘disruptor’. I think your work should speak for itself," he says.

Also Read | Carlyle's Head of Direct Lending Aren LeeKong Is Leaving the Firm The sources, who requested anonymity due to the sensitive nature of the discussions, reveal that Carlyle is engaging with potential underwriters to prepare for an IPO later this year or in 2025. If successful, the share sale could value Hexaware, an Indian information technology and business process outsourcing services provider, at a remarkable $4 billion or more, the report added.

SWIFT, the global messaging network used by banks, service providers, clearinghouses, corporate business houses, brokers, is planning to launch a new platform to connect central bank digital currencies (CBDCs) in the next one to two years, according to a Reuters report citing the firm’s head of innovation, Nick Kerigan.

Portugal will face off Slovenia in international friendly on Tuesday. Portugal will be confident after their victory against Sweden this weekend. Portugal versus Slovenia international soccer match will kick off at 3.45 pm (ET) on Tuesday, March 26. The soccer match will be live streamed on fubo TV. Fubo TV offers free trial. Roberto Martinez's Portugal dismantled Sweden 5-2 in a friendly ahead of this summer's European Championships without talisman striker Cristiano Ronaldo. The former Real Madrid and Manchester United hitman was rested by Martinez but his team strolled to an easy victory regardless in Guimaraes.

The World Happiness Report 2024, a partnership of Gallup, the Oxford Wellbeing Research Centre, the UN Sustainable Development Solutions Network, and WHR’s Editorial Board, is out. Mint evaluates its metrics to explain why it may not be the final word on happiness. India is ranked 126 out of 143 nations surveyed.

When a Swedish startup launched a new material made from recycled textiles in late 2022, the fashion industry hailed it as a game changer in its efforts to lessen its environmental impact. Last month, the company, Renewcell, filed for bankruptcy. While some big retailers, including H&M and Zara, were enthusiastic backers, not enough brands committed to buying its material.

Sweden’s Riksbank has released its final report on its central bank digital currency (CBDC), the e-Krona, which focused on offline payments.

Cristiano Ronaldo's Portugal will play Sweden in international soccer game on Thursday. While Portugal have won all their last five matches, Sweden emerged victorious in three games and lost two. Portugal versus Sweden soccer match is scheduled to kick off at 3.45 (ET)/ 12.45 pm (PT) on Thursday, March 21. One can watch the soccer game on FOX Soccer Plus and Fubo TV. Fubo TV offers free trial available.

Authorities say that Iraq’s former defense minister, who holds dual Iraqi-Swedish citizenship, has been arrested in Sweden

In many parts of the world, the use of cash for everyday payments has become something of an oddity, with the vast majority of consumers and merchants preferring the convenience of credit cards and electronic payment methods.

Europe isn’t where American investors usually turn for growth, but the defense sector is a somewhat depressing exception these days. After years in relative obscurity, stocks such as Germany’s Rheinmetall and Sweden’s Saab rallied when Russia invaded Ukraine in 2022. There was a lull last summer when Ukraine was making good progress on the battlefield, but this winter they have rocketed again.

The Dutch government says that French defense industry heavyweight Naval Group has been chosen to build four new diesel-electric submarines for the Dutch navy

By Wayne Cole

There’s another International Day on its way: 20 March. It’s marked on the calendar as the Day of Happiness. In an increasingly polarized world that looks set to become more so as political divisions deepen, where two major wars are raging, one in its third year and the other with no end in sight, and where not a single day goes by without countless acts of violence, celebrating an International Day of Happiness sounds absurdly Panglossian.

high-level panel on 'one nation, one election' studied election processes in six countries including South Africa, Sweden and Belgium, before recommending simultaneous polls for Lok Sabha and state assemblies in India. The other countries where simultaneous elections are conducted are Germany, Japan, Indonesia, the Phillipines and Belgium. The panel led by former president Ram Nath Kovind submitted its report to President Droupadi Mumu on Thursday, recommending simultaneous elections for Lok Sabha and state assemblies as the first step followed by synchronised local body polls within 100 days. According to the report, a comparative analysis of other countries was drawn while dealing with the issue of simultaneous elections. The aim was to study and adopt the best international practices to ensure fairness and transparency in elections.

Sweden’s Central Bank Governor, Erik Thedeen, warned against substantial Bitcoin integration into the nation’s financial system on March 12, citing its speculative nature and potential investor losses.

Mint. Talwar has been the company's regional head for the visa business for Europe. Talwar joined the company in 2006 and has worked in the company's New Delhi, Kuala Lumpur, UAE and London offices.

Sweden’s national flag has been raised at NATO headquarters to cement the Nordic country’s place as the 32nd member

Poland’s president is calling on other members of the NATO alliance to raise their spending on defense to 3% of their gross domestic product