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Northvolt CEO Peter Carlsson has resigned after the company filed for US Chapter 11 bankruptcy protection

Northvolt CEO steps down as company files for bankrupty

Northvolt's CEO and co-founder Peter Carlsson is stepping down, the Swedish maker of battery cells for electric vehicles said today, a day after the group filed for US Chapter 11 bankruptcy protection.

Business • 22 Nov 24

The telecommunications cable being laid in the Baltic Sea off the shore of Helsinki in Finland in 2015

EU nations investigating 'sabotage' of Baltic Sea cables

European governments have accused Russia of escalating hybrid attacks on Ukraine's Western allies, as Baltic nations investigated whether the cutting of two fibre-optic telecommunication cables in the Baltic Sea was sabotage.

World • 19 Nov 24

Sweden's Minister for Civil Defence Carl-Oskar Bohlin the booklet 'If Crisis or War Comes' that will be sent to all households

Sweden, Finland urge residents to be ready for war

Sweden has begun sending millions of pamphlets advising residents how to prepare for possible war and Finland launched a new website, as Ukraine fights the grinding three-year Russian invasion.

World • 18 Nov 24

The towers and rotating blades of the wind turbines emit radar echoes and generate other forms of interference (file image)

Sweden blocks 13 offshore wind farms over defence worries

Sweden's government said it had blocked the construction of 13 offshore wind farms in the Baltic Sea, after the country's military claimed they could impair defence capabilities.

World • 04 Nov 24

Electrolux is contending with competition from lower-priced rivals, such as China's Midea, which have proved increasingly attractive to consumers squeezed by high interest rates

Electrolux third quarter profit lags expectations

Electrolux, the world's second-biggest appliances maker, has reported lower than expected third-quarter adjusted operating profit, sending its shares down 10%.

Business • 25 Oct 24

Saab makes military hardware such as missiles, advanced electronics, submarines and the Gripen fighter jet

Saab sees sales growth at upper end of forecast

Swedish defence material maker Saab has today reported a slightly bigger than expected rise in third quarter operating earnings and affirmed its outlook for surging sales and profits this year as countries scramble to re-arm.

Business • 22 Oct 24

IKEA's store in Ballymun in Dublin (Pic: RollingNews.ie)

IKEA sales fall 5% on price cuts amid weak housing market

IKEA annual sales fell 5% after the Swedish budget homeware retailer cut prices in a bid to attract more shoppers and maintain its share of a shrinking home furniture market, but it expects a recovery next year.

Business • 10 Oct 24

Before today's interest rate cut, Sweden's central bank had cut rates twice already this year - in May, its first easing in eight years, and again in August

Swedish central bank cuts key interest rate

Sweden's central bank has today cut its key interest rate to 3.25% from 3.5% as expected and said that if the outlook for inflation remained favourable it could ease policy at a faster pace in the months ahead.

Business • 25 Sep 24

Ryanair it to offer more flights to and from Sweden after a government decision there to scrap an aviation tax

More Ryanair routes from Sweden as aviation tax scrapped

Ryanair will offer more flights from Sweden, adding two aircraft to its fleet there and will consider reintroducing domestic flights following a government decision to scrap an aviation tax, the airline said today.

Business • 25 Sep 24

Northvolt last week said it would shrink its operations and cut jobs, sparking fears that Europe's best shot at a home-grown electric vehicle battery champion may stall

Sweden will not take stake in Northvolt, PM says

The Swedish state will not take a stake in battery maker Northvolt and the company's future must be determined by its private owners, Prime Minister Ulf Kristersson told a press conference today.

Business • 16 Sep 24

The former CEO of Swedish bank Swedbank to 15 months in prison for deceiving investors about the bank's links to a money laundering scandal

Former Swedbank chief executive jailed for 'swindling'

A Swedish court has today sentenced the former chief executive of Swedish bank Swedbank to 15 months in prison for deceiving investors about the bank's links to a money laundering scandal.

Business • 10 Sep 24

SAS yesterday reached a wage deal with its cabin crew in Norway, ending a labour strike over pay and working conditions

Scandinavian airline SAS exits US bankruptcy proceedings

Scandinavian airline SAS has emerged from Chapter 11 bankruptcy proceedings in the United States with a stronger balance sheet and new owners after a court process lasting more than two years, the company said today.

Business • 28 Aug 24

Six cases of mpox have been reported in Ireland in 2024

WHO warns more imported mpox cases likely in Europe soon

The World Health Organization has said that more imported clade 1 mpox cases were likely to be confirmed in Europe soon, after Sweden announced the first such case outside Africa in an outbreak that has killed hundreds in the DR Congo.

World • 16 Aug 24

Electrolux swung to a much larger than expected profit in the second quarter of this year

Electrolux boosted by US pick up, but freight costs weigh

Electrolux swung to a much larger than expected profit in the second quarter amid signs of a long-awaited pick up in its North American business, briefly sending the appliances maker's shares sharply higher today.

Business • 19 Jul 24

Stockholm police have registered 49 burglaries using acid to melt locks since May

Wave of burglaries using nitric acid in Swedish capital

Police in Sweden are investigating if a series of burglaries in the capital Stockholm, where criminals melted locks using nitric acid, has connections to similar crimes in other European countries.

Europe • 17 Jul 24

Sweden's Riksbank has cut rates for the first time in eight years in May

Sweden's Riksbank holds key rate, may cut 3 times in H2

Sweden's central bank held its key interest rate at 3.75% as expected today, and said that if inflation prospects remained the same, the policy rate could be cut two or three times during the second half of the year.

Business • 27 Jun 24

Pro-Palestinian protesters opposing Israel's Eurovision participation face a wall of police outside Eurovision Village

Thousands protest Israeli participation at Eurovision

Thousands of demonstrators, including climate activist Greta Thunberg, have marched through the streets of Malmö in Sweden to protest against Israel's participation in Eurovision.

World • 09 May 24

Sweden's Riksbank has today cut its key interest rate for the first time in eight years

Sweden cuts key rate for first time in eight years

Sweden's central bank cut its key interest rate for the first time in eight years today, citing easing inflation and hinting at two more reductions before the end of the year.

Business • 08 May 24

Sweden's central bank said it was likely to start easing policy either in May or June

Swedish central bank holds rates, flags cut in May/June

Sweden's central bank held its key rate unchanged at 4% today as expected and said that inflation pressures had now eased enough for the policy rate to be cut in the coming months.

Business • 27 Mar 24

Ericsson has around 100,000 staff around the world, including 14,000 people in Sweden

Ericsson cuts 1,200 jobs in Sweden in challenging market

Swedish telecoms equipment giant Ericsson said today it was cutting 1,200 staff in Sweden, or 8.6% of its Swedish workforce, as it faces a "challenging" market for mobile networks.

Business • 25 Mar 24

The Swedish pharmacy hopes that the age restriction will make people stop and reflect

Swedish firm limits skincare sales to younger people

One of Sweden's main pharmacy chains, Apotek Hjartat, has said it is limiting sales of certain skincare products to those under 15 in order to combat unhealthy beauty standards for young people.

World • 21 Mar 24

Antony Blinken, centre, receives NATO ratification documents from Ulf Kristersson, left, during a ceremony in Washington

Swedish PM says NATO accession 'victory for freedom'

Swedish Prime Minister Ulf Kristersson has hailed his country's entry into NATO as a "victory for freedom," as it turned the page on two centuries of non-alignment following Russia's invasion of Ukraine.

World • 07 Mar 24

Swedish Prime Minister Ulf Kristersson addressing a joint press conference with the NATO Secretary General last year

What does NATO entry mean for Sweden?

Sometimes labelled as a "humanitarian superpower", Sweden's accession to the US-led NATO military alliance will bring significant changes to the country's defence policy and the geopolitical balance across the region.

World • 26 Feb 24

Ulf Kristersson said Sweden was leaving 200 years of neutrality and military non-alignment behind

Sweden PM hails historic day as Hungary ratifies NATO bid

Swedish Prime Minister Ulf Kristersson said it was a "historic day" after Hungary's parliament ratified Sweden's NATO bid, clearing the final obstacle for the Nordic country to join the military alliance.

World • 26 Feb 24

The blaze broke out at the amusement park on Monday

Swedish amusement park fire enters third day

A blaze that destroyed a water park at Sweden's biggest amusement park raged for its third day, with firefighting efforts complicated by the risk of building collapse, emergency services said.

World • 14 Feb 24