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Oct 19, 2014

What opportunity? Nordic equality fails to infiltrate corporate club

STOCKHOLM/OSLO/COPENHAGEN (Reuters) – When it comes to equality at home and in the political arena, Nordic countries have long outperformed the rest of the world. But a look at their blue-chip companies reveals a gaping hole in the picture.

Of nearly 100 publicly traded Nordic companies – a list of global names that ranges from Danish brewer Carlsberg and fashion retailer H&M – only one, Swedish bank SEB, has a woman at its helm.

Oct 7, 2014

Nobel Prize for medicine goes to discoverers of brain’s ‘inner GPS’

STOCKHOLM/LONDON (Reuters) – British-American John O’Keefe and Norwegians May-Britt and Edvard Moser won the 2014 Nobel Prize for medicine for discovering the brain’s navigation system and giving clues as to how strokes and Alzheimer’s disrupt it.

The Nobel Assembly, which awarded the prize of 8 million Swedish crowns ($1.1 million) at Sweden’s Karolinska Institute on Monday, said the discovery solved a problem that had occupied philosophers and scientists for centuries:

Oct 6, 2014

Nobel Prize for medicine goes to discoverers of brain’s internal GPS

STOCKHOLM, Oct 6 (Reuters) – Anglo-American John O’Keefe and
Norwegian couple May-Britt and Edvard Moser won the 2014 Nobel
Prize for medicine on Monday for discovering the brain’s
internal positioning system, helping humans find their way and
giving clues to how strokes and Alzheimer’s affect the brain.

The Nobel Assembly, which awarded the prize of 8 million
Swedish crowns ($1.1 million) in an announcement at Sweden’s
Karolinska Institute, said the discovery solved a problem that
has occupied philosophers and scientists for centuries:

Sep 25, 2014

H&M blames warm weather for September slowdown in sales growth

STOCKHOLM, Sept 25 (Reuters) – Hennes & Mauritz,
the world’s second-biggest fashion retailer, reported quarterly
profits in line with analysts’ forecasts on Thursday but said
sales growth had slowed so far in September as unusually warm
weather delayed purchases of autumn collections.

The Swedish firm said sales in the period Sept. 1-23 rose 7
percent compared with a near 20 percent increase in August,
putting September on track to be the slowest month for sales
growth this year.

Sep 23, 2014

IKEA’s next style revolution: itself

ALMHULT, Sweden Sept 23 (Reuters) – Having redesigned
kitchens, bathrooms and sitting rooms around the world, IKEA has
decided to redesign itself.

The store that inserted Scandinavian design into millions of
households from Beijing to Boston needs to come up with
something new to keep its leading position in an industry which
is fast being transformed by travel and the Internet.

Sep 18, 2014

Kinnevik CEO sees little risk of tech bubble ahead of Zalando, Rocket floats

STOCKHOLM, Sept 18 (Reuters) – Painful memories of the
Internet bubble bursting more than a decade ago are likely to
cut the risk that tech stocks get too frothy, as newcomers
Zalando and Rocket Internet prepare to make market debuts, the
head of Sweden’s Kinnevik said.

The company is the biggest investor in German online fashion
retailer Zalando IPO-ZLDO.F and has an 18.5 percent stake in
venture capital company Rocket Internet, which has ambitions to
be the largest Internet business outside the United States and
China.

Sep 18, 2014

Kinnevik CEO says lessons from first Internet bubble to curb tech froth

STOCKHOLM, Sept 18 (Reuters) – Painful memories of the
Internet bubble more than a decade ago are likely to cut the
risk that tech stocks get too frothy as online newcomers Zalando
and Rocket Internet prepare to make market debuts, the CEO of
Sweden’s Kinnevik said.

The Swedish company is the biggest investor in German online
fashion retailer Zalando and has an 18.5 percent stake in
venture capital company Rocket Internet, which has ambitions to
be the largest Internet business outside the United States and
China.

Sep 15, 2014

Microsoft to buy Minecraft maker Mojang for $2.5 billion

STOCKHOLM/SEATTLE (Reuters) – Microsoft Corp (MSFT.O: Quote, Profile, Research, Stock Buzz) has agreed to acquire the Stockholm-based developer of the wildly popular Minecraft video game for $2.5 billion, as it tries to lure a new and mostly young audience into its mobile world.

Minecraft – a construction game in which players can build nearly anything imaginable, block by block, in a digital, Lego-like world – has spread like wildfire since its full release by developer Mojang in 2011.

Sep 9, 2014

IKEA sees global consumer rebound as sales growth almost doubles

STOCKHOLM (Reuters) – IKEA Group, the world’s biggest furniture retailer, is seeing evidence that consumer spending is picking up, even in recession-hit southern Europe, as the pace of growth in annual sales nearly doubled compared with the previous year.

The Swedish company, seen as a reliable gauge of global consumption because it has more than 300 stores in 26 countries, said on Tuesday some of the strongest growth was in China, while North America continued to perform well.

Aug 24, 2014

Mum’s the word on soaring Swedish household debt as poll nears

STOCKHOLM, Aug 24 (Reuters) – Johan and Alejandra are the
kind of Swedes the IMF has been warning about – piling up debt
to keep up with an ever-rising property market and fund a
lifestyle of travel, maids and nights out.

The couple plan to buy a flat in Stockholm for 5 to 6
million Swedish crowns ($724,000 to $869,000), initially with an
interest-only bank loan, among other spending plans.

    • About Mia

      "Mia Shanley is an American journalist based in Stockholm who covers the financial markets and economies of Sweden and Iceland. She was previously employed for five years with Reuters in Singapore and has also spent time working and studying in Taipei and London."
      Joined Reuters:
      2001
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