Sweden Financial News

Volvo Car AB said Hakan Samuelsson, who served as its chief executive officer from 2012 to 2022, will retake the helm as the Swedish carmaker tries to navigate its way out of a malaise worsened by looming US tariffs. Samuelsson will replace Jim Rowan on April 1, and serve for a two-year term as the board looks for a long-term successor, the company said in a statement on Sunday. «With fast-moving technological shifts, growing geopolitical complexity, and intensifying competition across regions, the board believes the company is best served by leadership with deep industrial experience, deep knowledge of our group, and a proven ability to execute in challenging environments,» Volvo Car said. Volvo Car is among the European carmakers vulnerable to new 25% tariffs set to be imposed by the US next week on all imported passenger vehicles and light trucks, as well as key auto parts.

dollar was headed for a steady week on Friday and a quarterly loss next week as concern about tariffs slowing U.S. growth has pushed down U.S. yields, stocks and the currency. The euro, at just below $1.08, was headed for its largest quarterly rise in more than a year, gaining more than 4% since the start of 2025 on a combination of peace prospects in Ukraine, dollar weakness, and a leap in benchmark German yields.

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The golf legend and Vanessa, Donald Trump Jr.'s ex-wife, have been quietly dating and spending time with their children in Florida. The shocking romance between Woods and Trump was first reported by the Daily Mail last week.

foreign central banks and others confront the spillovers from President Donald Trump's fast-moving effort to rewire international trade. With analysts in the U.S. noting the stagflationary direction of the U.S. outlook — weaker output and higher prices — central banks globally are parsing what the fallout may mean for them.

Subscribe to enjoy similar stories. The Bank of England left its key interest rate unchanged, with major economies on both sides of the Atlantic confronting a nasty mix of faltering economic growth, rising inflation and President Trump’s trade threats. The BOE left the rate at 4.5% on Thursday, matching the Federal Reserve’s move a day earlier.

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Raisina Dialogue on Monday, marking India's premier conference on geopolitics and geo-economics. The Raisina Dialogue is organized by the Observer Research Foundation (ORF) in collaboration with the Ministry of External Affairs (MEA). According to the MEA, the conference will host representatives from around 125 countries, encompassing foreign ministers, former heads of state, military leaders, industry executives, technology innovators, academics, journalists, and experts in strategic affairs. Notably, foreign ministers from 20 nations are confirmed to attend. The Ukrainian foreign minister's visit coincides with intensified US efforts to broker a temporary ceasefire between Ukraine and Russia amidst ongoing hostilities. Here's all you need to know

Subscribe to enjoy similar stories. Finland, Sweden, Denmark, Norway… there has to be a reason Nordic countries consistently rank at the top of the list of the world’s happiest countries. It’s well documented that the Nordic countries—Denmark, Finland, Iceland, Norway and Sweden—are among the world’s most stable, prosperous and least corrupt.

Blackstone, Hillhouse Investment, TPG Capital, and General Atlantic have submitted non-binding bids to acquire AGS Health, valuing the healthcare IT services firm at around $1 billion, said multiple people aware of the development. EQT Partners, the Swedish fund that owns AGS Health, has hired JP Morgan and Bank of America to manage the sale process which will be launched by early next year, ET first reported in September 2024. EQT acquired AGS Health in 2019 for $320 million. Spokespeople at EQT, Blackstone, and General Atlantic declined to comment. Hillhouse and TPG Capital did not respond to email queries.

Subscribe to enjoy similar stories. Bengaluru: Six years ago, when the Swedish music streaming company Spotify launched in India, the ecosystem here was very different. Global giants Apple Music, Amazon Music and YouTube Music were jostling for space, while local players such as JioSaavn and Gaana had already established themselves.

Subscribe to enjoy similar stories. It isn’t always easy to save for retirement, in part because for many people it is so far away that there’s no sense of urgency. New research suggests a solution: Make the future feel closer.

The United States sends tremendous support to its allies around the world, but the payback has typically been a more stable world — it doesn’t always work, mind you, as we have seen these past three years. But no country benefits more from a tranquil world than the U.S.

Ikea as it continues to expand its footprint in the country. Despite a global downturn in the home furnishings sector, Ikea saw robust growth in India, with revenues surpassing 45 billion euros in FY24, demonstrating resilience amid subdued consumer demand. «Affordability is a key focus for us. In the last two years, Ikea India has lowered prices up to 16-39% in line with its global commitment and investment to pass on the benefit to the customers. This was a global move by Ikea to stay true to its affordability promise,'' Susanne Pulverer, CEO & chief sustainability officer, Ikea India told TOI in an interview. In FY24, Ikea substantially lowered prices across 63 markets to push sales in a shrinking home furnishing market. (Ikea financial year runs from Sept 1 to Aug 31). Of the 7,000 products sold at Ikea, nearly 1,000 are priced under Rs 200, ensuring that even those with tighter budgets can find something to purchase, she added. „We have nearly 300 million visitations (online and offline). And 30% business comes from online and it is also our fastest growing channel,'' she added

Nordic and Baltic countries on Monday pledged to increase military aid to Ukraine, three years after the country was invaded by Russia. The announcement came as leaders of Nordic and Baltic countries visited Kyiv, reiterating their support for Ukraine.

Spotify on Thursday began accepting audiobooks narrated by digital voices created by artificial intelligence software firm ElevenLabs, pitching it as a cost-effective option for authors.

Subscribe to enjoy similar stories. India’s current traffic fine system enforces a uniform monetary penalty, regardless of an offender’s income. For example, a billionaire and a low-income individual may be fined ₹500 for the same violation.

Benjamin Netanyahu is set to meet with US President Donald Trump on Tuesday, February 4, as questions about tensions in the Middle East loom. The meeting comes as the negotiations are due for the second phase of a ceasefire deal in Gaza. Trump's stance on the negotiation conditions will influence Israel's deal with Hamas.