Sweden Financial News

By Supantha Mukherjee

Sweden has opened a new state-of-the-art plastic sorting facility, the largest of its kind and big enough to receive all plastic packaging waste generated from Swedish households

The US will lead a push at the COP28 climate summit to triple the amount of installed nuclear power capacity globally by 2050, marking a major turnaround for the controversial technology at the climate negotiations.

OSLO (Reuters) — Swedish truck maker Scania will switch to using steel made without carbon emissions in its heavy-duty vehicles before the end of the decade, it said on Monday.

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

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. Tesla has no manufacturing plant in Sweden, but 130 members of the powerful metalworkers' union IF Metall walked out on October 27 at seven workshops across the country where its popular electric cars are serviced.

By Steven Scheer

Criminals in Sweden are specifically targeting prominent local Bitcoin figures, which appears to be the result of ease of access to personal information and residential addresses in the country.

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.

Data Patterns (India), one of the country's leading defence electronics companies, spiked up nearly 6% to ₹2,031.35 apiece in early trade on Monday, led by robust performance in Q2FY24. During the September quarter, the company reported a 61% increase in net profit, reaching ₹33.79 crore, compared to a net profit of ₹21.05 crore. The total revenue for Q2 also showed growth, rising by 32% to reach ₹108 crore, up from the previous year's Q2 revenue of ₹88 crore.

Economic Times, Sweden's Saab will set up a new facility in the country that will manufacture shoulder-fired rockets. Citing sources, the English daily added that the ₹500 crore FDI proposal was cleared last month. Mint could not independently verify the report.

India has cleared the first 100% foreign direct investment (FDI) in the defence sector, with permissions granted to Sweden's Saab to set up a new facility that will manufacture rockets. Sources said the FDI proposal, valued at under ₹500 crore, was cleared last month. India currently allows up to 74% FDI in the defence sector under the automatic route.

(Reuters) -Scandinavian airline SAS has entered into a new credit agreement for 5.5 billion Swedish crowns ($505.5 million) with U.S. investment firm Castlelake to refinance its loans, increase liquidity and support its exit from voluntary restructuring proceedings, the airline said on Saturday.

Marathon Digital has begun mining Bitcoin (BTC) using power generated from methane gas siphoned off a landfill. The 280-kW off-grid pilot project is operating in Utah.

hormone replacement therapy may have a protective effect on the female brain, reducing the risk of Alzheimer's disease and dementia. However, this protection is more significant when hormones are initiated during the 40s and 50s, coinciding with the onset of menopausal symptoms, as per a report. The level of protection offered may vary depending on the type of hormones used.

DoorDash reported better-than-expected sales in the third quarter as it gained users and they ordered more frequently

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

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Adam Johnson, who appeared in 13 NHL games with the Pittsburgh Penguins, has died after a “freak accident” during a game in England on Saturday, his club said.The 29-year-old Minnesota native was playing for the Nottingham Panthers in a Challenge Cup game against the Sheffield Steelers when he suffered a slashed neck during the second period of the game at Sheffield’s Utilita Arena.“The Nottingham Panthers are truly devastated to announce that Adam Johnson has tragically passed away following a freak accident at the game in Sheffield last night,” the team said Sunday morning.“The Panthers would like to send our thoughts and condolences to Adam’s family, his partner, and all his friends at this extremely difficult time. Everyone at the club including players, staff, management and ownership are heartbroken at the news of Adam’s passing.”Johnson spent 13 games over parts of the 2018-19 and 2019-20 seasons playing for the Pittsburgh Penguins in the National Hockey League before spending the 2020-21 season in Sweden with the Malmo Redhawks.