Sweden Financial News

The Circle: Founders Club (The Circle FC) unveiled the onboarding of ten high-potential Korean startups into the Korea Startup Center (KSC) India 2023 program. The Circle FC, a business accelerator for growth-stage startups, partnered with KISED to run this program for the second year in a row. This program is run across 8 countries including India, USA, Israel, France, Singapore, Vietnam, Finland and Sweden.

international feature film award at the Oscars 2024 has begun. Most countries have selected their films as all the nominations are to be sent to the Academy of Motion Pictures Arts & Sciences by 5 pm Monday, October 2. These films must meet all the qualifying conditions between December 1, 2022, and October 31, 2023.

Spotify Technology is testing an AI-powered feature that will translate podcasts from the likes of Dax Shepard and Lex Fridman to other languages, the audio-streaming company said on Monday. The feature marks the latest attempt by the Swedish company to capitalize on generative artificial intelligence, the technology that has taken the world by storm after the rise of ChatGPT, to tap new users and boost revenue.

LONDON — The dollar rose against the yen to an almost 11-month high on Monday following last week's gains, keeping traders focused on Japan intervention risks. The yen fell 0.17% to 148.66 per dollar, touching its lowest since late October and adding to Friday's declines after the BOJ maintained ultra-low interest rates, while Governor Kazuo Ueda stressed the need to spend more time assessing data before raising interest rates. The Japanese currency remained within striking distance of 150, a level which some market watchers saw as a line in the sand that would spur forex intervention from Japanese authorities similar to that of last year. «According to BoJ Governor Kazuo Ueda there was no sign yet of stable inflation on a sustainable basis so that the BoJ will patiently continue with monetary easing under the current framework. That was a clear dampener for the yen,» said Esther Reichelt, FX analyst at Commerzbank. A yen overshooting would be seen by many as a catalyst for renewed interventions to strengthen the Japanese currency, similarly to last year, she added. «It is possible of course that exactly such fears of interventions might have prevented a weaker yen for now». The dollar index, which on Friday touched an over six-month high, firmed at 105.64 and was last 0.06% higher. Last week, the Federal Reserve kept rates on hold at its policy meeting, but surprised markets by signalling U.S.

Dawn Capital, one of Europe's biggest backers of business-to-business software companies, raised $700 million in two new funds — doubling down on its bid to find technology champions in the region at a time when venture capital funding for tech startups has dwindled.

Nord Stream pipelines, cutting off a major route for Russian gas exports to Europe and reports allege that Ukrainians may have played a role in this. The blasts occurred in the economic zones of Sweden and Denmark, so both countries launched investigations into the incident. So far, they say the explosions were deliberate, but they have yet to single out who was behind the blasts, according to a report in Aljazeera. On September 26, 2022, several underwater blasts ruptured three of the four pipelines comprising Nord Stream 1 and Nord Stream 2, throwing vast amounts of gas into the Baltic Sea near Bornholm, Denmark. “Dutch military intelligence warned the CIA of a Ukrainian plan to blow up the pipelines three months before the attack, Dutch broadcaster NOS and Germany’s Die Zeit and ARD reported in June.

Sydney money manager Maple-Brown Abbott has been revealed as the $206 billion Future Fund’s choice to manage its coveted active Australian small-cap investment strategy.

Read more of our recent coverage of the Ukraine war As he headed to NATO’s gathering in Vilnius, a tetchy Volodymyr Zelensky called it “unprecedented and absurd" that Ukraine was apparently not being given a clear promise of speedy membership of the alliance. If that was meant as a last-ditch attempt to twist arms, it failed. The final communiqué, as he feared, refers to a need for conditions to be met and for allies to agree, even as it avoids dates and timelines.

By Mark John

Antim Panghal, India's next big star, has earned India's first wrestling quota for the Paris Olympics by virtue of winning a bronze at the world championship Belgrade. She defeated two-time European Champion Emma Malmgren of Sweden by technical superiority with a 16-6 score Friday in the women's 53kg women's freestyle wrestling . The world championship offered five quota places in each weight category for men and women. With this, India has so far grabbed 16 quota including eight direct qualification in athletics and seven quota places in shooting sports. In shooting and wrestling, the quota is earned for the country which the sportsperson represents. In Belgrade, Indian wrestlers however participated as neutral athletes as United World Wrestling suspended Wrestling Federation of India due to a delay in conducting elections. However, it is expected that an election will be held well before the Paris Olympics, which will begin on July 26, 2024.

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

By Naomi Rovnick and Dhara Ranasinghe

By Simon Johnson and Niklas Pollard

By Terje Solsvik

LONDON (Reuters) — In a big day for central banks across Europe on Thursday, Switzerland shocked markets by leaving its interest rates unchanged, while Sweden and Norway met expectations with a quarter-point hike each.

(Reuters) — European shares fell on Thursday, tracking overnight losses on Wall Street after the U.S. Federal Reserve signalled higher-for-longer interest rates and ahead of rate decisions from the Swiss National Bank, Riksbank, Norges Bank and Bank of England.

SHANGHAI — Chinese electric car brand Nio on Thursday released an Android smartphone, which the company expects at least half its users to buy, CEO William Li told CNBC in an exclusive interview ahead of the launch.

Nifty closed with solid losses on Wednesday, extending their losses into the second consecutive session amid mixed global cues ahead of the US Fed policy outcome while the US Treasury yields hovered near multi-year highs. The Fed is likely to keep rates unchanged today but the risk of inflation is not over yet with crude oil prices surging sharply in the recent past. Crude oil benchmark Brent Crude futures fell over a per cent in today's trade, slipping from its 10-month high level but they are still up nearly 30 per cent in the last three months after the output cut by OPEC+.

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.

oil is forcing investors to rethink their bets across global markets. Airline stocks, currencies of oil-importer nations and bond yields are just a handful of the asset classes already starting to reflect the reality of Brent at $95 a barrel. Meanwhile, strategists from Goldman Sachs Group Inc.

Misa Rodriguez, Olga Carmona, Oihane Hernandez, Eva Navarro and Tere Abelleira, who had previously said they would not play for the team until further changes were applied at the Spanish football federation (RFEF), were escorted by police at Madrid's airport as they headed for a training camp near Valencia. Local media reported that several other players including Ballon d'Or winner Alexia Putellas boarded a plane from Barcelona for Valencia. The players were named in the squad ahead of a match against Sweden on Friday by new coach Montse Tome despite signing a statement last week saying they did not feel safe under the current leadership at the RFEF. Jenni Hermoso, the player at the centre of the scandal after RFEF's then President Luis Rubiales grabbed her head and kissed her on her lips after the World Cup final on Aug. 20, sparking fury over sexist attitudes toward women footballers, on Monday accused the RFEF of trying to divide and manipulate the players.