Sweden Financial News

Apple said on Friday it has approved Epic Games' games marketplace app on iPhones and iPads in Europe, after the "Fortnite" maker escalated its feud with the technology giant, accusing it of hindering its efforts to set up a games store on the devices. Apple said the latest spat concerned the Epic Sweden AB Marketplace and has nothing to do with the video games maker's Fortnite app which has already been given the green light.

AstraZeneca India Private Limited (AZIPL), the global capability centre (GCC) of British-Swedish drugmaker AstraZeneca, announced an investment of Rs 250 crore ($30 million) to expand its Global Innovation and Technology Centre (GITC) in Chennai. The expansion includes adding close to 1,300 job roles focused on driving innovation, enhancing efficiency, and streamlining operations across the company globally. The facility currently occupies 334,000 square feet of office space at Ramanujan IT City, with plans to add approximately 180,000 square feet over the next six months to accommodate this expansion, creating AstraZeneca’s biggest global capability centre.

Sweden is launching a groundbreaking new law, allowing grandparents to care for their grandchild and get paid

British Prime Minister Keir Starmer has said he would seek to improve the trade deal with the European Union as he began a two-day tour of the U.K. as part of an “immediate reset” with governments in Scotland, Northern Ireland and Wales

There was news recently that Luiz Amaral, CEO of Science Based Targets Initiative (SBTi), has announced he will resign soon. This followed a staff revolt at the organization after it said it would let the companies it oversees use ‘carbon credits’ to offset pollution caused by their operations or supply chains. Initiatives like tree planting generate carbon credits, which, if bought, would allow companies to use these without cleaning up their act.

Vodafone Idea (Vi), which is set to embark on a mega expansion plan for 4G network and roll out 5G services, has completed trials using Samsung's virtualised RAN (vRAN) technology. Experts say the technology is expected to bring substantial cost savings to the telco as compared to legacy hardware infrastructure. ET explains what vRAN is, the type of network optimisation it can bring and what it means for Vi's vendor ecosystem. What is vRAN?

Also Read- Titan share price in focus as stock trades ex-dividend today. Details hereDr.

Bulgaria says it plans to file charges in absentia against Ruja Ignatova for one of the largest crypto fraud schemes in history and will take steps to seize her assets it said were illegally acquired

Julian Assange, the co-founder of WikiLeaks, has been freed after reaching an agreement with the U.S. Department of Justice. Assange reached a deal with authorities that will see him plead guilty to violating the Espionage Act.

In its first major report into the rapidly advancing world of AI, the central banking umbrella group said policymakers need to harness its immense power to monitor data in real time in order to «sharpen» their inflation-predicting abilities.

Julian Assange, founder of WikiLeaks, has agreed to plead guilty to a felony charge in a deal with the US Justice Department, according to court documents filed on Monday night. This plea deal aims to resolve a protracted legal battle involving multiple countries over the release of classified information. Assange will plead guilty to conspiring to unlawfully obtain and disseminate classified national defense information under the Espionage Act.

Researchers are exploring multiple uses for wind parks far out at sea, such as producing fresh seafood

Vodafone Idea (Vi) Friday said it has completed minimum rollout obligations for commencing 5G services in its 17 circles, for which the company had acquired spectrum in August, 2022. The companies buying spectrum in an auction need to roll out network and offer services to a certain level to meet the minimum standards. Vi’s bigger rivals Reliance Jio and Bharti Airtel has far exceeded the minimum requirements as both the telcos have almost completed their pan-India 5G rollout. But loss-making Vi is yet to announce its 5G roll out plans, due its strained cash position.

Zomato, Paytm, HAL, Som Distilleries, Adani Enterprises, TCS among others will be in focus due to various news developments. APL Apollo Tubes The National Company Law Appellate Tribunal (NCLAT) has directed the NCLT to hear afresh the insolvency plea filed by APL Apollo Tubes against one of its purchasers of goods.

Crypto asset management firm Coinshares has rebranded its Nordic ETP brand XBT Provider to “CoinShares XBT Provider” and is preparing to expand in the second half of 2024.

nuclear-armed nations including the US, Russia, France, China, India and Pakistan, continued to modernise their nuclear arsenals and several of them deployed new nuclear-capable weapon systems in 2023, a Swedish think-tank said on Monday. In its analysis, the Stockholm International Peace Research Institute (SIPRI) said China's nuclear arsenal increased from 410 warheads in January 2023 to 500 in January 2024, and it is expected to keep growing. The report said some 2,100 of the deployed warheads were kept in a state of high operational alert on ballistic missiles, and nearly all of them belonged to Russia or the US. However, for the first time China is believed to have some warheads on high operational alert, it said.

Polestar intends to launch in seven markets next year, the Swedish electric-vehicle maker said on Monday, as it looks to attract new customers. The company will enter France, Czech Republic, Slovakia, Hungary, Poland, Thailand and Brazil in 2025.

Swedish accident investigators say the country’s oldest amusement park did not properly test new parts for a roller coaster that derailed last year

Vodafone Idea, billionaire banker Uday Kotak on Friday questioned the debt-ridden telecom operator's decision to settle dues of two European equipment vendors — Nokia and Ericsson — by issuing preferential shares. He indirectly compared the deal with the age-old proverb «robbing Peter to pay Paul». «Financial markets create money out of thin air? A model for companies in financial difficulty: issue equity to creditors to repay their debt. If the stock is well traded, the creditor can sell in the market and get paid by investors. What is that story about Peter and Paul?,» Kotak said on social media platform X without naming Vodafone Idea.

Vodafone Idea Ltd (VIL) plans to raise up to Rs 2,458 crore through a preferential share issue to its two European equipment vendors Nokia and Ericsson, clearing a part of their pending dues and setting the stage for the struggling telco’s 4G expansion and 5G rollout. The board of directors of VIL approved a preferential allotment of 1.66 billion equity shares at Rs 14.80 per share to Finland’s Nokia and Sweden’s Ericsson, for a total of up to Rs 2,458 crore, the company said in a statement Thursday. Nokia will invest up to Rs 1,520 crore and Ericsson up to Rs 938 crore. The issue price is 35% higher than that in the April follow-on offer (FPO) of Rs 11 a share and comes with a lock-in period of six months.

Rafael Nadal is going to skip Wimbledon, as expected, and instead prepare for the Paris Olympics by entering a clay-court tournament in Bastad, Sweden, he hasn't been to in 19 years. The 22-time Grand Slam champion, who turned 38 on June 3, said Thursday he wants to just remain on clay, rather than switching over to grass for the All England Club, then needing to go back to clay for the Summer Games. «We believe that the best for my body is not to change surface,» Nadal said in a statement.