Sweden Financial News

Governor Eli Remolona of the Philippines Central Bank (BSP) has disclosed the central bank’s plans to introduce a wholesale central bank digital currency (CBDC) in the coming years.

«In here I know that people will not judge me, you just have to be yourself,» says Rehn, who long felt excluded from other popular dating apps used by hundreds of millions of people worldwide.

Astronauts from Turkiye, Italy and Sweden returned to Earth on Friday, ending a private three-week mission to the International Space Station. The trio were accompanied by a retired NASA astronaut who now works for Axiom Space, the Houston company that arranged the chartered flight. The crew returned in a SpaceX capsule that parachuted into the Atlantic off the Florida coast. Turkiye celebrated Alper Gezeravci's launch from Cape Canaveral last month. A former fighter pilot and captain for Turkish Airlines, he became the first person from his country to fly in space.

LONDON (Reuters) — IKEA is investing in price cuts on some products across a range of countries, including Belgium, Canada and India, as the furniture retailer aims to unwind increases it introduced in 2022.

Nokia has reported a double-digit decline in sales and a fall in profit in the last three months of 2023

President Tayyip Erdogan will give a final sign-off on Sweden's NATO membership within days, triggering rapid steps toward U.S. Congress endorsing a sale of F-16 fighter jets to Ankara. In an interview on Thursday, Ambassador Jeff Flake said that once the formal ratification document is received in Washington, the U.S.

Spotify users in Europe can start to buy audiobooks and subscription plans from within the music-streaming app from March as a result of the region's new competition law for Big Tech, the Swedish company said on Wednesday. The move will help the company avoid Apple's 30% fee for purchases through its App Store, which has long been a source of contention between app developers and the tech giant.

After Turkey ratified Sweden’s bid to join NATO on Monday, Hungary became the last member of the military alliance not to have issued its approval

Swedish fintech firm Klarna is launching a monthly subscription plan in the U.S. to lock in its heaviest users ahead of an expected initial public offering this year, the company told CNBC.

(Reuters) — Spotify (NYSE:SPOT) users in Europe from March will be able to buy audiobooks and subscription plans from within the music-streaming app as a result of the region's new competition law for Big Tech, the Swedish company said on Wednesday.

Science and Technology Minister Jitendra Singh made the announcement here in the presence of NITI Aayog member V K Saraswat, Principal Scientific Advisor A K Sood and Department of Science and Technology (DST) Secretary Abhay Karandikar. The VAIBHAV or Vaishvik Bhartiya Vaigyanik fellows are from the topmost institutes of Australia, Canada, Finland, Japan, Singapore, Sweden, Switzerland, the UK and the US, and will work with Indian institutes such as IISc, IUCAA and the IITs for the next three years on jointly identified projects.

ZURICH (Reuters) — Swiss engineering group ABB (ST:ABB)'s operations in China are being scrutinised by two U.S. Congress committees dedicated to investigating security threats and risks posed by Beijing, documents showed on Friday.

SpaceX has launched Turkey's first astronaut along with a Swede and Italian to the International Space Station

By Nell Mackenzie

Heavy snow and freezing rain have hit parts of northern and central Europe, bringing transport to a halt in some Scandinavian regions and causing major disruption at airports in Frankfurt and Oslo

One of the world’s most valuable battery startups is raising $3.4 billion in debt from the European Union and a group of banks including JPMorgan Chase, accelerating a race to build more batteries outside China and take advantage of a tidal wave of clean-energy subsidies. Europe’s Northvolt plans to use the funding to grow battery production at a factory in northern Sweden for customers such as Volkswagen and BMW. It also plans to expand a recycling facility next door that will convert scrap metal and old batteries into reusable battery materials.

By Divya Chowdhury and Savio Shetty

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Last week, digital asset investment products witnessed a significant surge in inflows, totaling an impressive $1.18 billion, albeit subject to a T+2 settlement.

military personnel to serve across Europe in a major NATO exercise in the first half of this year, as well as warships and fighter jets, the defence ministry said on Monday. The deployment includes 16,000 British army troops who will be based in Eastern Europe from February to June, an aircraft carrier strike group and F35B Lightning attack jets and surveillance planes. NATO's Exercise Steadfast Defender 24 marks the Western alliance's 75th year. «I can announce today that UK will be sending some 20,000 personnel to take part in one of NATO's largest deployments since the end of the Cold War,» Defence Secretary Grant Shapps said in excerpts of a speech due to be delivered later on Monday at Lancaster House, published by the defence ministry. The NATO alliance has boosted the number of combat-ready troops after Russian President Vladimir Putin ordered the invasion of Ukraine almost two years ago and has continued to support Kyiv with military, economic and humanitarian aid.

Sweden's government and military urging Swedes to be ready for war has triggered panicked buying, frightened children and a fierce debate in the Nordic country. While Sweden has contributed troops to international peacekeeping missions, the country has not been directly involved in an armed conflict since the Napoleonic era. The realities of war are therefore foreign to most Swedes. «There could be war in Sweden,» Minister for Civil Defence Carl-Oskar Bohlin told an annual defence conference on Sunday, warning Swedes against complacency. Days later, the sentiment was echoed by the commander of Sweden's armed forces Micael Byden, who showed pictures of burnt out and bombed houses from Ukraine. «Do you believe that this could be Sweden?,» Byden asked the audience, later explaining that the question was not a rhetorical one. "Russia's war against Ukraine is a step, not an end goal, for the ambition to establish spheres of influence and tear down the rule-based world order," he added. Ending two centuries of neutrality and military non-alignment, Sweden applied to join NATO in May 2022, in the wake of Russia's invasion of Ukraine, though its bid is currently held up by Turkey and Hungary. In early December, Stockholm and Washington signed a pact paving the way for US forces to operate in Sweden. Byden then went on to say that Swedes needed to «mentally prepare for war.» — Anxious children - The statements were widely spread by news outlets and social media. Subsequently, children's rights group Bris said it had seen a noticeable uptick in calls to its support hotline from children worried about the prospect of an impending war. «Many children already have a level of anxiety that was made worse by this news,»