Sweden Financial News

Outflows from crypto exchange-traded products (ETPs) reached $455 million over the previous nine weeks, according to a report from asset manager CoinShares. Outflows from ETPs generally indicate negative sentiment towards cryptocurrencies.

VFS Global, which manages visa applications for more than 50 countries, says it has from January to June 2023 processed well over 30 lakh visa applications in India as opposed to 60 lakh in all of 2019 which had faced none of the challenges currently being seen. The travel momentum continues even after two major tourism destination — the US and Europe — have longer interview wait time, appointment count capping, etc. Incidentally, 2019 was a record year for visa lodgments in India which 2023 is now all set to better. The numbers would have been higher had it not been for the processing limitations being faced by the US and Schengen States, say several travel industry veterans. “We are expecting to surpass pre-pandemic visa applications volumes by this calendar year end. There has been a robust rebound in outbound travel sentiments. Despite initial skepticism, the level of bounce back has resulted in a demand-supply gap,” VFS Global COO (South Asia) Prabuddha Sen told TOI. US B1 (business) and B2 (visitor) visa applicants are facing a current wait time of 1.5 year long for the interview. According to the leading travel agents, all the Schengen countries — barring Norway and Sweden — have an visa appointment count capping which means only about half of the number of Indians desiring to travel are able to secure an appointment.

HDFC Bank, Reliance Industries and Infosys. The domestic market ended lower, mirroring weak global sentiment ahead of key central bank meetings while concerns over global economic growth persisted.

There’s another dog in the fight for veterinary chain VetPartners.

World Cup winners demanded more heads roll at its scandal-hit RFEF federation whose disgraced ex-boss appeared in court on sexual assault charges. Just hours after Luis Rubiales was quizzed by a judge for kissing midfielder Jenni Hermoso, all but two of Spain's 23 World Cup players said they would not don the national shirt without deeper changes within the RFEF, demanding its current interim head also resign. The statement came as the squad's new coach Montse Tome was to announce the lineup for two upcoming UEFA Women's Nations League matches against Sweden and Switzerland, which was promptly postponed, federation sources said. «The changes put in place are not enough,» said a statement signed by 39 players, among them 21 of the 23 World Cup winners. Demanding «fundamental changes to the RFEF's leadership», they called for the «resignation of the RFEF president» Pedro Rocha, who took over as interim leader when FIFA suspended Rubiales on August 26. Despite a string of recent changes, the federation remains in the hands of officials appointed by Rubiales, with the players insisting on structural changes «within the office of the president and the secretary general». The bombshell came after days of optimism within the RFEF that the players would come round after it sacked controversial coach Jorge Vilda, appointed Tome in his stead and pledged further changes, not to mention Rubiales' long-awaited resignation on Sunday. On August 25, 81 Spain players, including the 23 world champions, had started a mass strike saying they would not play for the national team without significant changes at the head of the federation.Brought to court by a kiss Earlier on Friday, Rubiales appeared in court where he was quizzed by Judge

European artificial intelligence (AI) defense company Helsing revealed on Thursday, Sept.14, that it secured $223 million (approximately 209 million euros) in Series B funding, with General Catalyst, a venture capital firm, taking the lead. Swedish aerospace and automotive manufacturer Saab also participated as a strategic investor.

By Marie Mannes

By Bansari Mayur Kamdar

FIFA Best Men's Coach Award 2023? The nominations for the coach award have been unveiled with Pep Guardiola leading the shortlist. Others who have made it to the shortlist include Barcelona boss Xavi Hernandez, who won the league title in his first full season as in-charge of the club. AC Milan manager Simone Inzaghi, former Napoli boss Luciano Spalletti and Ange Postecoglou are on the shortlist. Ange Postecoglou won a historic treble with Celtic last season and is now managing Tottenham. Pep Guardiola made history last season when he became the first man to win trebles. He won trophies with two different clubs after guiding Manchester City to success at home and abroad. The Manchester City manager also made it to the shortlist last year but finished behind Argentina coach Lionel Scaloni, who took away the top prize after winning the World Cup in Qatar.

BAE Systems and Larsen & Toubro have teamed up to bring the AATV to the country under the 'Make in India' programme, it said. «The two companies have signed an agreement to offer the BvS10 for an Indian armed forces programme», the statement said. Under the agreement, L&T is the prime bidder for the Indian market, with the support of BAE Systems Hagglunds, the Swedish manufacturer of the highly successful BvS10 family of vehicles. «BAE Systems and L&T have upgraded the BvS10 to meet the specific requirements of the Indian armed forces. This new variant will be known as the 'BvS10-Sindhu'.

Volvo Car India has commenced deliveries of its recently-launched electric car C40 Recharge with Kerala and Tamil Nadu to begin with, the company said on Wednesday. The Indian arm of the Swedish luxury car maker Volvo rolled out its first ground-up electric car in the domestic market on September 5 at an introductory price of Rs 61.25 lakh (sans taxes). The premium car company launched its first locally-assembled pure electric SUV XC40 Recharge in July last year. «Deliveries of the first born electric C40 Recharge are important milestone in our journey towards becoming an all-electric company by 2030.

The European Union is launching an investigation into subsidies that China provides to electric vehicle makers

Davis Cup 2023 Finals Group matches are currently underway, spanning from September 12 to September 17, with the next stage scheduled between November 21 and November 26. This six-day event showcases 16 national teams competing in four European cities, all vying for the opportunity to secure one of the eight coveted spots in the Davis Cup Finals this November. The 16 nations participating in the Finals Group Stage this week have been divided into four groups, each consisting of four teams. These competitive matchups will be held in Bologna, Italy; Manchester, England; Split, Croatia; and Valencia, Spain.

(Reuters) — The highest inflation for decades and the fallout from war in Ukraine have forced companies across Europe into layoffs or hiring freezes.

Karl Greenwood, co-founder of OneCoin with Ruja Ignatova, was sentenced in the United States to 20 years in prison and ordered to pay $300 million on Sept. 20. Ignatova remains at large.

The Swedish government wants to increase the country's defense budget by 28% as it prepares to join the NATO alliance

Cryptocurrency asset outflows for the week of Sep. 3 through 9 totalled $59.3 million, bringing the current run to $249 million over four consecutive weeks. 

(Reuters) -Scandinavian airline SAS, battling to emerge from bankruptcy protection, said on Monday it was extending the deadline for final bids for its equity fundraising by a week to Sept. 25 at the request of bidders.

There’s a dog fight brewing at up-for-grabs veterinary chain VetPartners.

Two foreign aid workers have reportedly been killed in eastern Ukraine when Russian shelling hit a van carrying a team of four working with a Ukrainian NGO

air pollution, even at relatively low levels, is associated with women giving birth to smaller babies, according to a study. The research, to be presented at the European Respiratory Society International Congress in Milan, Italy from September 9-13, also shows that women living in greener areas give birth to bigger babies and this may help counteract the effects of pollution. There is a strong relationship between birthweight and lung health, with low birthweight children facing a higher risk of asthma and higher rates of chronic obstructive pulmonary diseases (COPD) as they grow older, the researchers said. There is a need to reduce air pollution and make towns and cities greener to help protect babies and their developing lungs from potential harm, they said. The study was based on data from the Respiratory Health in Northern Europe (RHINE) study and presented by Robin Mzati Sinsamala, a researcher at the University of Bergen (UiB), Norway. It included 4,286 children and their mothers living in five European countries — Denmark, Norway, Sweden, Iceland and Estonia. The researchers gauged the greenness of the areas where the women were living during pregnancy by measuring the density of vegetation on satellite images.