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Nov 1, 2015

As Swedish central bank fights deflation, housing bubble worries mount

STOCKHOLM, Nov 1 (Reuters) – House buyers in Sweden have
never had it so good, at least by some measures. But cheap
credit and spiralling prices may be creating a bubble – one that
could send the country’s economy reeling when it bursts.

Sweden now has one of the fastest growth rates of any
developed economy. Inflation is near zero and official interest
rates are below zero. Home buyers can take advantage of
interest-only loans and a variety of tax breaks.

Oct 23, 2015

Swedish police say sword-wielding school killer driven by racist motives

STOCKHOLM (Reuters) – A masked swordsman who killed a teaching assistant and a boy and wounded two others, all with immigrant backgrounds, was driven by racist motives, Swedish police said on Friday, fuelling concerns that refugee numbers were polarizing public opinion in the country.

The 21-year old assailant walked through a school in Trollhattan, an industrial town in western Sweden with a large immigrant population, stabbing the assistant and boy to death with a sword before being shot dead by police.

Oct 21, 2015

Swedish banks hit by record-low rates, market turmoil

STOCKHOLM, Oct 21 (Reuters) – Negative interest rates and
sluggish corporate loan demand due to an uncertain global
economy hit earnings at three of Sweden’s biggest banks, wiping
nearly 40 billion Swedish crowns ($4.7 billion) off the value of
their shares.

Nordea, SEB and Handelsbanken
all reported lower than expected profit for the third quarter on
Wednesday blaming ultra-loose monetary policy, worries over
China and challenges in their home markets.

Oct 15, 2015

Does it pay to work? Swedes wonder as top tax league looms

STOCKHOLM (Reuters) – Wealthy Swedes face the world’s highest marginal tax rates as the government begins to roll back a decade of free market reforms that made the country a favorite of investors.

Critics say the measures will make Sweden a less attractive place to do business and act as a disincentive to work.

Oct 7, 2015

Nobel prize for solving puzzle of ghostly neutrino particles

STOCKHOLM/LONDON (Reuters) – A Japanese and a Canadian scientist won the 2015 Nobel Prize for Physics on Tuesday for discovering that elusive subatomic particles called neutrinos have mass, opening a new window onto the fundamental nature of the universe.

Neutrinos are the second most bountiful particles after photons, which carry light, with trillions of them streaming through our bodies every second, but their true nature has been poorly understood.

Oct 6, 2015

Nobel prize for solving puzzle of elusive neutrino particles

STOCKHOLM/LONDON, Oct 6 (Reuters) – A Japanese and a
Canadian scientist won the 2015 Nobel Prize for Physics on
Tuesday for discovering that elusive subatomic particles called
neutrinos have mass, opening a new window onto the fundamental
nature of the universe.

Neutrinos are the second most bountiful particles after
photons, the particles of light, with trillions of them
streaming through our bodies every second, but their true nature
has been poorly understood.

Oct 5, 2015

Beating parasites wins three scientists Nobel prize for medicine

STOCKHOLM/LONDON (Reuters) – Three scientists from Japan, China and Ireland whose discoveries led to the development of potent new drugs against parasitic diseases such as malaria and elephantiasis won the Nobel Prize for Medicine on Monday.

Irish-born William Campbell and Japan’s Satoshi Omura won half of the prize for discovering avermectin, a derivative of which has been used to treat hundreds of millions of people with river blindness and lymphatic filariasis, or elephantiasis.

Sep 21, 2015

Sweden budgets extra 1.93 billion pounds for jobs, education, refugee influx

STOCKHOLM (Reuters) – Sweden will spend an extra 24 billion crowns (1.87 billion pounds) next year to cope with record numbers of refugees looking for a safe haven as well as to increase the number of jobs and turn around falling school results, the government said on Monday.

The centre-left minority coalition aims to rebuild the cherished welfare state after years of tax cuts under the centre-right, build its way out of a housing crisis and get more people into work.

Sep 21, 2015

Sweden budgets extra $3 billion for jobs, education, refugee influx

STOCKHOLM (Reuters) – Sweden will spend an extra 24 billion crowns ($2.91 billion) next year to cope with record numbers of refugees looking for a safe haven as well as to increase the number of jobs and turn around falling school results, the government said on Monday.

The center-left minority coalition aims to rebuild the cherished welfare state after years of tax cuts under the center-right, build its way out of a housing crisis and get more people into work.

Sep 17, 2015

In egalitarian Sweden, richer regions reluctant to share refugee burden

STOCKHOLM (Reuters) – Sweden prides itself on equality, but some parts of the country are more equal than others when it comes to taking in their share of refugees arriving from the Middle East and Africa.

Mirroring an international spat over sharing out migrants across Europe, Sweden is planning a quota system to persuade some of its richest regions to take in more refugees, and relieve the burden on some of its poorest.