Front
Page / Headline News
Advertisement
News Feed
Business video Feed
Finnish main News Feed
From Around in internet
-
Celltrion Says AstraZeneca Stake Report Inaccurate: Seoul Mover - Bloomberg
-
AstraZeneca Profit Falls 12 percent on Loss of Patent Protection - Bloomberg
-
UK PMI grows to 54.6 in July from an upwardly revised 52.9 in June, its fourth straight month of expansion - Reuters
Volvo Car Corp., is improving in the USA but not fast enough comparatively
Friday, 02 August 2013
Volvo Cars corporations did their best in the last month of July in the
United States in terms of sales since 2009.Yet it slipped compared to
its competitors.
More pain in the pharmaceuticals as Meda see profit dive
Friday, 02 August 2013
Pharmaceutical company Meda reports an EBITDA profit of Skr922 million in the second quarter of 2013.
Artimplant files for bankruptcy driven by litigations and cash drought
Thursday, 01 August 2013
Artimplant, a biomaterials company focused on solutions to problems in
orthopaedic announced that its Board of Directors and the CEO have
decided to apply for its own bankruptcy.
The District
Court of Gothenburg today decided to grant the petition for bankruptcy
of Artimplant AB (publ). The Court appointed Lawyer Mr. Rickard Ström,
Advokatfirman Lindahl KB, as receiver
Loomis reports strong second quarter earnings
Thursday, 01 August 2013
Cash handling company Loomis reports a operating income (EBITA)1) for
the second quarter amounted to Skr 276 million compared to
Skr225million same period a year ago.
Spotify is making money - doubled revenue
Wednesday, 31 July 2013
Swedish music streaming service Spotify is growing and really making money. In 2012, music streaming web service Spotify more than doubled revenues in 2012 to 435 million euros ($577 million) as it expanded to new markets and almost doubled its users, documents showed on Wednesday, reports Reuters.
SAS Group finalises sale and leaseback of six aircrafts - earned SAS Skr800 million
Wednesday, 31 July 2013
Crisis hit Airliner SAS announced that it had lend EUR 35 million,
corresponding to Skr 304 million worth of its aircraft through a
so-called private placement of a bond.
Search engine company, Eniro announces reduction in share capital
Wednesday, 31 July 2013
Sweden's Local search engine and yellow pages company, Eniro announces reduction of the company’s share capital.
Atlas Copco appoints Johan Halling as Business Area President for Mining and Rock Excavation Technique
Monday, 29 July 2013
Atlas Copco announces that it has appointed Johan Halling as President
of the Mining and Rock Excavation Technique business area and member of
Group Management, effective August 1, 2013.
FDA acknowledges receipt of AstraZeneca and Bristol-Myers Squibb resubmission of the new drug application
Friday, 26 July 2013
AstraZeneca and Bristol-Myers Squibb Company today announced that the
U.S. Food and Drug Administration (FDA) has acknowledged receipt of the
New Drug Application (NDA) resubmission for investigational drug
dapagliflozin for the treatment of adults with type 2 diabetes.
More loss pressure on Energy Company Vattenfall after yesterday’s massive write down
Wednesday, 24 July 2013
The final bill for Vattenfall's bad business looks set to land at about
the same level as the cost of building a new nuclear plant.
Great figures from Volvo Group
Wednesday, 24 July 2013
Truck giant Volvo's reports a sharp fall in profits in the second
quarter. Earnings in the period was however much better than expected.
Zennström's tips on how Sweden can become the haven for entrepreneurs
Tuesday, 23 July 2013
One of Sweden's modern day entrepreneurs, Niklas Zennström, just gave a stalk on radio Sweden on his various entrepreneurial bibliographies and identified that IT engineering and environments are some of his most cherished treasures.
Why is scania's shares falling on the stock market?
Monday, 22 July 2013
Truck giant Scania on Monday got lowered recommendations of several major research houses thus putting more pressure on the company's stocks.
Sex workers world wide join their Swedish colleagues in protest against Sweden's prostitution laws
Sunday, 21 July 2013
Sex workers worldwide other wise known as prostitutes have been
demonstrating in the last week Friday in over 30 cities anger at
Swedish law on prostitution and sex work.
Earnings shortfall for defence company, Saab
Friday, 19 July 2013
The price for peace is the loss for Defence Company such as Swedish
military hardware maker, Saab. Its earnings came in far below
expectations with the defence group making a profit before tax of Skr11
million for the second quarter.
Stefan Jacoby lands new top job in GM after being bundled out of Volvocars on his sick bed.
Friday, 02 August 2013
In October, the former CEO Stefan Jacoby was sacked as CEO of Swedish
Chinese automaker Volvo Cars while on his sick bed in the hospital. In
what was seemly determined like a type of power struggle in the Swedish
- Chinese automaker, the former CEO got better and is not recruited by
a rival of Volvo, General Motors.
Bush had nothing to do with Rasmussen's NATO appointment
Friday, 02 August 2013
The story widely about how the Danish head of NATO, Anders Fogh
Rasmussen got his NATO job has now receiving a reply from the diplomat
Damon Wilson reported to have been the sources of the story in the
first place.
Increased safety called for in Gothenburg, Sweden after two people were shot
Friday, 02 August 2013
Extra security guards have been placed at Sahlgrenska Hospital in
Gothenburg after random shootings. Two men have been shot and injured
in the locality of Tynnered in Västra Frölunda on Thursday night.
Church of Sweden makes billion in profits but membership continues to fall
Friday, 02 August 2013
Although the number of members in the Church of Sweden is steadily
decreasing, so does revenue. Last year, the Church of Sweden was in the
black financially though with a profit of Skr1.3 billion.
Protesters arrested at Russian embassy in Stockholm, Sweden
Thursday, 01 August 2013
Image from SVT
Protests against anti-gay law passed in Russia recently has seen a
large group of people demonstrate outside the Russian embassy in
Stockholm, Sweden on Thursday.
Swedish PMI fell to 51.3 in July but remains in the growth region as stabilization of the industrial sector remains
Thursday, 01 August 2013
Swedish Purchaser Manager Index, (PMI) fell to 51.3 in July from 53.5
in June, down 2.2 index points. This however, remains in the growth
zone, which has a lower limit of 50 basis points and means that the
Swedish industrial sector remains buoyant.
Swedish government was warned about the risk associated with the Dutch Nuon business
Wednesday, 31 July 2013
One of the projects that brought the Swedish energy company Vattenfall
to its knees, the Nuon energy deal in Holland was flagged as risky
before Vattenfall bought it.
Norwegians continue to buy Sweden and could soon colonise Swedish business ownership
Wednesday, 31 July 2013
Norway controls the largest number of foreign companies in Sweden,
about 2200, according to a new head country of those pulling the
strings in the Swedish corporate scene.
How a leader of a small Scandinavian country came to head NATO? Did Fogh seek the help of Bush to land the NATO job?
Wednesday, 31 July 2013
Former USA president George W. Bush is reported to have pressurised his
successor to appoint the Danish current head of the military
organisation, Anders Fogh to the position, something that had not been
thought.
Road noise makes induces fatigue in drivers behind the wheel
Wednesday, 31 July 2013
Monotonous low-frequency noise from the road increases the risk that
the driver will fall asleep behind the wheel, according to a new
research.
Norwegian mass murderer Breivik wants to study political science
Wednesday, 31 July 2013
The Norwegian mass murder sentenced to life, Anders Behring
Breivik wants to study political science at the University of Oslo,
confirms Rector, Ole Petter Ottersen.
Denmark starts breaking down Nazi concrete bunkers littering its West Coast
Tuesday, 30 July 2013
Denmark has had enough of the Nazi bunkers found on its coast and have
now has started breaking down some 120 bunkers on its West Coast.
Record number of Danish student looking at offshore for job guarantee and good pay
Tuesday, 30 July 2013
A record number of Danish students have been admitted to study programs
that can provide jobs in the offshore oil-drilling sector. The driver
is the growing importance of the sector in providing better pay and job
guarantee.
Weak Swedish GDP growth - Swedish economy halting
Tuesday, 30 July 2013
Sweden's GDP rose 0.6 percent in the second quarter compared with the
same quarter of 2012. Compared with the previous quarter, GDP fell 0.1
percent, latest official data shows.
Explain why the weak GDP Mr Borg: GDP has been weighted down by the international situation
Tuesday, 30 July 2013
The Swedish GDP report for the second quarter shows that the Swedish
recovery is hampered by a weak performance particularly in the euro
area. The outcome did not surprise, but it shows the need for measures
to support demand and employment in Sweden.
Romania is concerned about reputation as the number Romanian beggars on Swedish streets explodes
Tuesday, 30 July 2013
The
Romanian ambassador to Sweden Romanian beggars cause damage to the
reputation of Romania. The ambassador is concerned that so many
poor Roma people come to Sweden to beg and has seen no quick fix to the
problem.
Raduta Matache, Romanian Ambassador to Sweden pictured above
Swedish exporters decry the pain caused by strong kroner
Monday, 29 July 2013
The strong Swedish krona has cost export companies billions in reduced
profits in the past six months. Should the krona continues to get
strengthened further, it may lead to investment shortfall by those
exporter in Sweden in the future.
Russia reacts to Swedish Foreign Minister LGBT tweet
Monday, 29 July 2013
Swedish Foreign Minister, Carl Bildt earlier on Monday, condemned via
twitter Russia's anti-gay policy. Russia has not been happy with Bildt
criticism and has shot back. "Such claims are simply false."
Sweden's Social Democrats are out with Knives: Vattenfall adventure jeopardizes Sweden's security
Monday, 29 July 2013
The Swedish opposition party, Social Democrats has hit hard at
Vattenfall after it emerged that the company wants to buy nuclear fuel
from Russia.
Vattenfall buys Russian nuclear fuel as it seeks to reduce prices and gain advantage that is more competitive
Monday, 29 July 2013
While the EU seeks to reduce dependence on Russian energy, Swedish
energy company, Vattenfall for the first time is buyingRussian nuclear
fuel.
Improvement in Swedish retail sales though still described as weak
Monday, 29 July 2013
Swedish retails trade sales volume increased by 3.6 percent in June
compared to the same month last year. Despite that, sales are still
described as weak.
Despite deflationary prices, Sweden still has some of the highest food prices in the Nordic area
Monday, 29 July 2013
Sweden is having a sort of deflationary price system now with inflation measured at -0.1
percent. But food prices just continues to explode and it is a boon for
the food industry which sees no problem with food becoming more
expensive while other goods fall in prices.
Pay feast in the selected few of the top Swedish pubic establishment
Monday, 29 July 2013
A group of senior officials in the Swedish government offices have had
their wages increased more than the rest of their junior staff members.
Banking via mobile phone continues to be popular in Sweden
Friday, 26 July 2013
A growing phenomenon in the Swedish banking scene is that were more and
more people are carrying out their banking transactions via the mobile
phone instead of on the computer.
How not to manage a company: Skr123 million to the pension fund of top managers of Vattenfall
Friday, 26 July 2013
The Swedish state owned energy company, Vattenfall that has been in the
news recently for poor performances and down grading, has been shown
how it had squandered money in the tax payer company. It awarded some
of its top managers Skr 132 million in pension bonuses and other
financial award even though they participated in the failed business
that has brought the company down.
Shrinkage of Swedish Net trade surplus in June
Friday, 26 July 2013
In June 2013 Swedish exports of goods amounted to Skr88.1 billion,
while imports of goods amounted to Skr 84.1 billion. As a result, the
net trade balance was Skr4.0 billion, latest data from Statistic Sweden
(SCB) shows
Danish Professor attests that Eastern Europeans create more prosperity for Denmark
Thursday, 25 July 2013
Since the EU borders were thrown opened to the Eastern Europeans in
2004, the number of Eastern Europeans that have moved to the Danish
labour market has exploded.
Politician shares photo of his willy while showing off Liverpool tattoo
Friday, 26 July 2013
Swedish
politician Lars Ohly ended up red-faced on Wednesday after a decision
to share his new tattoo with the world backfired in fine fashion. Yahoo News
Vattenfall emerging as a stressful dent to the Swedish finance minister's electoral budget
Thursday, 25 July 2013
Crisis in the Swedish energy giant, Vattenfall could jeopardize the
Reinfeldt government's electoral budget preparation for next year,
which is the election year.
UK GDP growth of 0.6 percent and shows Britain is on the mend
Thursday, 25 July 2013
British
economy has grown 0.6 percent in the second quarter and this George
Osborne the chancellor of the exchequer says that Britain is one the
mend.
According to the Guardian, citing the Office for National Statistic
data, the pace of second-quarter economic growth doubled from the first
three months of 2013. Details from the Guardian.
Return of the men to Swedish primary school classrooms
Thursday, 25 July 2013
The tide seems to be changing in the Swedish educational environment as men start coming back to the primary school classrooms.
Guest Chinese workers exploited by a Gothenburg based Company - one reason why these companies love immigrant labour - "exploitation".
Thursday, 25 July 2013
Six Chinese guest workers (pictured above) who worked at an Asian food wholesales dealer
in Gothenburg Sweden, known as Asia Food in the neighbourhood of
Hisingen have been identified as being wantonly exploited by the
company.
Danes have difficulty understanding their own language Danish
Wednesday, 24 July 2013
Gap between spoken and written Danish language has been revealed in a
recent study, which shows how the Danish language is very hard. We
Swedes have been known to say that Danish language is hard for us to
learn but did not know that Danes themselves were struggling under
their own linguistic weight.
Swedish real estate sector is crying for help as the crisis in the areas just continue to strengthen
Wednesday, 24 July 2013
The Swedish real estate sectors which supposed to be the cash cow now
has seen the design and construction of single-family houses falling to
a very low level. This means that it is hard to get a normal simple
accommodation for young professionals. The sector is how crying out for
help.
A Bank wants to break the pattern of racial discrimination in the Swedish job market Seek to recruit more foreign graduates that the currant norm
Wednesday, 24 July 2013
It takes something to the neighbourhood of five to seven years before a
graduate with a non-Swedish background (skin colour) can attempt to get
access to real employment in the Sweden. Swedbank is
thinking of reversing some of this culture of repudiation of ethnic groups.
Boulder on a Swedish motorway almost cost the lives of a Danish family travelling through Sweden
Tuesday, 23 July 2013
A Danish family missed death when their car hit a boulder in a busy
motor way in the southern Swedish town of Malmo. The effect was that
the boulder placed in the middle of the road cause the Danish family
car to leave the carriage way and over turned as see on this image.
Job politics heating up in Denmark as fears of Eastern European onslaught is realistic
Tuesday, 23 July 2013
Danish Unemployed are vocally fearful that their jobs are either being
moved to places such as Poland or other cheaper eastern European
countries or that the Eastern Europeans are coming here to take the
jobs.
Norwegian intelligence fears increased attacks on politicians after the terrorist scenes two year ago
Tuesday, 23 July 2013
Norwegian politicians have received more threats than they did
before the terrorist attack two years ago, the intelligence service
said after yesterday's activities in memory of those killed by the far
right terrorist attacks two years ago.
Increasing number of younger people in Sweden die of stroke
Tuesday, 23 July 2013
The stroke illness, which was once thought to be an illness of the old,
is now turning its tide in Sweden. Increasingly, year after year, more
younger people in Sweden dies of stroke.
Swedish state owned Vattenfall in billion writes down of Skr29.7 billion and also to split the company
Tuesday, 23 July 2013
Swedish state owned Energy Company, Vatenfall AB, the Nordic region’s
largest utility company, writes down the value of its assets by Skr29.7
billion.
Main points:
- Gas and hard coal-fired power plants in the Netherlands: SEK 14.5 billion,
- Hard coal-fired power plants in Germany: SEK 4.1 billion,
- Combined heat and power plants in the Nordic region: SEK 2.5 billion,
- Goodwill originating mainly from our trading operations: SEK 6.8 billion,
- Other assets: SEK 1.8 billion.
Swedish opposition parties react to the Vattenfall write down - blamed the government for poor business sense
Tuesday, 23 July 2013
The Swedish Red-Green opposition parties that would likely be taking
office if the next general elections really reflect current opinion
polls have reacted to the write down of Vattenfall and call on the
government to react.
Swedish IT industry bemoans slow and long processing times for immigrant badly needed skills
Monday, 22 July 2013
Swedish IT companies are having trouble finding badly needed skills in
Sweden. Therefore, many are now recruiting from abroad - not within the
EU but around the world.
Police raids carried out at the facilities of AstraZeneca in China
Monday, 22 July 2013
Pharmaceutical company AstraZeneca's office in Shanghai was visited by
police on Friday, and one of the employees was questioned.
How Swedish Real Estate companies exhibit slavery and selfishness. They pay immigrants workers Skr10 per hour - What hypocrisy and shame!
Monday, 22 July 2013
Foreign construction workers employed in Sweden are exploited beyond
expression, a new reports exposed today Monday. Of all places, Swedish
real estate companies are leading the capitalist crusade of "dog eat
dog" and would put profit before people.
Danish research given comfort to older women seeking to have children - Women over 30 still very fertile
Monday, 22 July 2013
A new study shows that age is less important for the chance of a woman
getting pregnant than has been previously thought. Therefore According
to a new Danish-American study, there is no need to panic if you are a
woman in your late 30s and would like to be a mother.
Sick and injured animals slaughtered and sold cheaply in Sweden - be careful with what you eat even here
Sunday, 21 July 2013
It has emerged that meat from sick and injured animals are being sold
cheaply to restaurants and pizzerias in Hässleholm in Sweden, according
to an anonymous report to the municipality's environmental offices.
Cut study loans to high school students - Swedish government proposal
Sunday, 21 July 2013
A Swedish government investigation has proposed that the governement
reduce loans and study grants given to high school students. This will
see some several hundreds of thousands high school student having a
financial short fall of some Skr 740 per pupil per year.
Swedish police failed to pursue hate crime expressed on Twitter showing how toxic the Swedish police system is rife with institutional racism
Friday, 19 July 2013
A little five-year-old Somali girl dies and a man goes of the micro
blogging site, Twitter and expresses joy of the death of the little
girl. Then the Police is informed, they check the site and see the
racial incitement and stay quiet and did nothing.