Niklas's Feed
Oct 29, 2014

Riksbank has no safety margin as Sweden flirts with deflation

STOCKHOLM, Oct 29 (Reuters) – Sweden’s central bank believes
it can avoid Japan’s deflationary fate after cutting interest
rates to zero; critics say it no longer has any safety margin
should a shock hit the economy, and even compare its record with
U.S. policy mistakes of the 1930s.

Defying conventional economics, Sweden is enjoying one of
the healthiest growth rates in Europe even though the consumer
price index has been flat or fallen in every month but one this
year.

Oct 24, 2014

Cost cuts pay off for Volvo with surprise profit rise

STOCKHOLM (Reuters) – Global truck maker Volvo posted a surprise rise in core quarterly profit on Friday as deep cost cuts more than made up for lackluster demand in some major markets, sending its shares up 10 percent.

The group, which vies for market leadership with Germany’s Daimler and Volkswagen’s Scania and MAN brands, said it would take out more costs to boost profitability that has often lagged its rivals.

Oct 20, 2014

Electrolux sees anemic growth in Europe as cost cuts lift profit

STOCKHOLM (Reuters) – Global home appliances maker Electrolux (ELUXb.ST: Quote, Profile, Research, Stock Buzz) struck a note of caution over its European business, predicting market growth at the low end of its forecast range after reporting slightly better than expected quarterly profit on Monday.

The Swedish group, vying for market leadership with U.S. rival Whirlpool (WHR.N: Quote, Profile, Research, Stock Buzz) and China’s Haier (1169.HK: Quote, Profile, Research, Stock Buzz), said it expected demand in Europe, which accounts for around a third of sales, to grow about 1 percent this year, at the bottom of its expectations for expansion of 1-3 percent.

Oct 19, 2014

Sweden says credible reports of foreign submarine in its waters

STOCKHOLM (Reuters) – Sweden released on Sunday a grainy photo of a mysterious vessel in Stockholm’s archipelago, as the military hunted for a foreign submarine or divers in the country’s biggest such mobilization since the Cold War.

The search in the Baltic Sea less than 30 miles (50 km) from Stockholm began on Friday and reawakened memories of the final years of the Cold War when Sweden repeatedly sought out suspected Soviet submarines along its coast with depth charges.

Oct 18, 2014

Sweden steps up hunt for “foreign underwater activity”

STOCKHOLM, Oct 18 (Reuters) – Sweden boosted its military
presence in Stockholm’s archipelago on Saturday to scour its
waters for “foreign underwater activity” in a mobilisation of
ships, troops and helicopters unseen since the Cold War.

The search in the Baltic Sea less than 31 miles (50 km) from
Stockholm began on Friday and brought back vivid memories of the
final years of the Cold War when Sweden repeatedly hunted
suspected Soviet submarines along its coast with depth charges.

Oct 18, 2014

Sweden boosts forces to search for ‘foreign underwater activity’

STOCKHOLM (Reuters) – Sweden boosted its military presence in Stockholm’s archipelago on Saturday to scour its waters for “foreign underwater activity” in a mobilization of ships, troops and helicopters unseen since the Cold War.

The search in the Baltic Sea less than 31 miles (50 km) from Stockholm began on Friday and brought back vivid memories of the final years of the Cold War when Sweden repeatedly hunted alleged submarines along its coasts with depth charges.

Oct 9, 2014

France’s Modiano wins Nobel Prize for Literature

STOCKHOLM (Reuters) – French writer Patrick Modiano has won the 2014 Nobel Prize for Literature for works that made him “a Marcel Proust of our time,” the Swedish Academy said on Thursday.

Relatively unknown outside of France, Modiano’s works have centered on memory, oblivion, identity and guilt that often take place during the German occupation of World War Two. He has written novels, children’s books and film scripts.

Oct 7, 2014

Light bulb moment: Low-energy LED wins Nobel prize

STOCKHOLM/LONDON, Oct 7 (Reuters) – An American and two
Japanese scientists won the 2014 Nobel Prize for Physics on
Tuesday for inventing a new energy-efficient and
environment-friendly light source, leading to the creation of
modern LED light bulbs.

Isamu Akasaki and Hiroshi Amano of Japan and Japanese-born
U.S. citizen Shuji Nakamura won the prize for developing the
blue light-emitting diode (LED) — the missing piece that now
allows manufacturers to produce white-light lamps.

Oct 7, 2014

Nobel Prize for physics goes to inventors of low-energy LED light

STOCKHOLM/LONDON (Reuters) – An American and two Japanese scientists won the 2014 Nobel Prize for Physics on Tuesday for inventing a new energy-efficient and environment-friendly light source, leading to the creation of modern LED light bulbs.

Isamu Akasaki and Hiroshi Amano of Japan and Japanese-born U.S. citizen Shuji Nakamura won the prize for developing the blue light-emitting diode (LED) — the missing piece that now allows manufacturers to produce white-light lamps.

Oct 6, 2014

Swedish government strikes deal with Left to limit welfare profits

STOCKHOLM (Reuters) – Sweden’s government said on Monday it had struck a deal with another party to limit the profits of companies that provide welfare services, dealing a blow to the private equity sector while shoring up support for its first budget.

The minority center-left coalition of Social Democrats and Greens agreed to demands by The Left to restrict private welfare profits – a key condition to get the non-government party to support the budget bill, due in weeks.