News | Latest Breaking News Stories & Headlines

Electrolux prices its products in many regions at the premium end of the market

Electrolux seeing continued weak consumer sentiment

Electrolux said today it expects consumer sentiment to stay weak in early 2024 after which it sees demand in major markets stabilising through the year, as it reported quarterly losses in line with a preliminary reading.

Business • 02 Feb 24

Sweden's central bank today held its interest rates steady at 4%

Swedish central bank holds interest rates steady

Sweden's central bank kept its key interest rate unchanged at 4% today as expected but said that if inflation continued to slow it might be able to bring forward the timing of a first rate cut, possibly even to the first half of 2024.

Business • 01 Feb 24

Viktor Orban, left, invited Ulf Kristersson, right, to Budapest for negotiations over NATO

Sweden will not negotiate with Hungary on NATO - PM

Sweden will not negotiate with Hungary over its application to join NATO, which Budapest is the sole member of the alliance to yet ratify, Swedish Prime Minster Ulf Kristersson has said.

World • 26 Jan 24

Turkish President Erdogan shakes hands with Swedish Prime Minister Ulf Kristersson after a meeting last July (file photo)

Turkey ratifies Sweden's NATO membership bid

Turkey's parliament has ratified Sweden's NATO membership after more than a year of delays that upset Western efforts to show resolve in the face of Russia's war on Ukraine.

Europe • 24 Jan 24

Northvolt raises $5 billion green loan for expansion

Swedish lithium-ion battery producer Northvolt said it has raised $5 billion in the form of the largest green loan raised in Europe as it seeks to expand its battery factory in northern Sweden.

Business • 16 Jan 24

Trucks stuck in gridlock on a main road in Sweden

Heavy snowfall causes traffic jams in Nordic countries

Hundreds of cars were stuck along motorways in southern Sweden and Denmark today, authorities said, with heavy snowfall, strong winds and icy conditions bringing gridlock to the region.

World • 04 Jan 24

Snow and frost cover a road in Vittangi in northern Sweden

Sweden gripped by icy cold as temperature drops to -43C

Sweden has recorded its coldest January night in 25 years, with a reading of -43.6C in the far north as a cold snap hit the Nordics.

World • 03 Jan 24

A spokesperson for the Swedish regulator declined to comment on details of the probe

Swedish regulator investigates Tesla suspension failure

Business • 22 Dec 23

Tesla is facing a backlash over its refusal to accept a demand from Swedish mechanics for collective bargaining rights covering wages and other conditions

Nordic funds ask Tesla to respect collective bargaining

US carmaker Tesla will be urged to respect collective bargaining for its employees in the Nordic region in a joint letter to be sent by a group of pension funds this week, three pension funds said today.

Business • 11 Dec 23

Sweden's Riksbank joins the US Federal Reserve and European Central Bank which also paused their rate hike campaigns at their latest policy meetings as inflation slows

Sweden central bank leaves rate unchanged after hikes

Sweden's central bank has today left its key rate unchanged at 4%, after a year and a half of successive hikes aimed at reining in inflation.

Business • 23 Nov 23

Claudia Goldin is only the third woman to be awarded the prestigious Nobel economics prize

Gender gap economist Claudia Goldin wins Nobel prize

Claudia Goldin has won the 2023 Nobel economics prize, the Royal Swedish Academy of Sciences said today.

Business • 09 Oct 23

A woman died after an explosion in the city of Uppsala

Swedish PM summons army, police over gang violence

Sweden's prime minister has summoned the head of the armed forces and the police commissioner in a bid to stem gang violence in which 11 people have died this month alone.

Europe • 29 Sep 23

Sweden's central bank, the Riksbank, today raised rates to a 15 year high of 4%

Sweden hikes interest rate as inflation still too high

Sweden's central bank raised its key rate to a 15-year high today and warned that further hikes may be needed as "inflation pressures are still too high".

Business • 21 Sep 23

Josep Borrell said a Swedish diplomat has been held in Iran for 500 days

Borrell confirms Swedish EU diplomat held in Iran

The European Union's foreign policy chief has confirmed that a Swedish diplomat working for the EU, has been captive in Iran for more than 500 days.

World • 05 Sep 23

Salwan Momika holds up the Muslim holy book and a sheet of paper showing the flag of Iraq during a protest outside the Iraqi Embassy in Stockholm, Sweden, in July

Two arrests as riot breaks out at Koran burning protest

Swedish police have arrested two people and detained around ten others after a violent riot broke out at a protest involving a burning of the Koran, police said.

Europe • 03 Sep 23

A police officer on patrol at Sweden's parliament

Sweden puts terrorist alert at its second highest level

Sweden has raised its terrorist alert to the second highest level, saying it had thwarted attacks after Koran burnings and other acts against Islam's holiest text caused outrage.

World • 17 Aug 23

Police officers stand next to demonstrators at Mynttorget square in Stockholm, Sweden

Sweden to boost security controls after Koran burnings

Threats to Sweden have increased after recent Koran burnings, the country's government said, adding that it would strengthen border and internal controls and give police wider authority to stop and search people as a result.

World • 01 Aug 23

Hundreds of demonstrators took to the streets of the Iranian capital Tehran

Rallies as Swedish diplomats leave Iraq in Koran row

Protesters have taken to the streets of the Iraqi and Iranian capitals to denounce Sweden's permission for protests that desecrate the Koran, as Stockholm withdrew staff from its Baghdad embassy.

World • 21 Jul 23

Protesters climb the fence of the Swedish embassy in Baghdad as firefighters try to put out a fire

Iraq expels Swedish diplomat over planned Koran burning

Iraq has expelled the Swedish ambassador in protest at a planned burning of the Koran in Stockholm that prompted hundreds of protesters to storm and set alight the Swedish embassy in Baghdad.

World • 20 Jul 23

Ericsson in recent months has cut costs to mitigate lower spending among its telecom operator customers

Ericsson's quarterly operating profit declines

Sweden's Ericsson has today reported a 62% fall in second-quarter adjusted operating profit, slightly beating market expectations.

Business • 14 Jul 23

Turkish President Erdogan shakes hands with Swedish Prime Minister Ulf Kristersson during their meeting today

Turkey agrees to support Sweden's NATO membership

Turkish President Recep Tayyip Erdogan has agreed to forward to parliament Sweden's bid to join the NATO military alliance, appearing to end months of drama over an issue that had strained the bloc as war has raged in Ukraine.

World • 11 Jul 23

The Sveriges Riksbank, Sweden's central bank

Sweden hikes key rate again as inflation persists

Sweden's central bank has today raised its key interest rate to its highest level in nearly 15 years and warned another hike was likely to combat stubbornly high inflation.

Business • 29 Jun 23

Global protests were held in January against the last Koran burning in Sweden

Swedish police grant permit for Koran burning protest

Swedish police said they have granted a permit for a protest where the organiser plans to burn a Koran outside Stockholm's main mosque, as the Eid al-Adha holiday begins.

World • 28 Jun 23

Police at the Grona Lund amusement park, after an accident occurred on the Jetline rollercoaster

One dead, nine hurt as rollercoaster derails in Sweden

A rollercoaster derailed at a Swedish theme park, killing one person and injuring nine, police and the park in Stockholm said.

World • 25 Jun 23

Paolo Macchiarini was employed by the Karolinska Institute research facility (file image)

Italian surgeon jailed in Sweden for harming patients

A Swedish appeals court has sentenced an Italian surgeon once hailed for pioneering windpipe surgery to two-and-a-half years in prison for aggravated assault on patients.

World • 21 Jun 23