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Bonus payments tearing Finnair apart as six board members fired by the minister responsible

Tuesday, 20 March 2012
The Finnish airline, Finnair is in crisis after a series of revelations about secret million euro bonus paid to top officials while cutting services as well as a flat business. Last week, the minister in charge of government ownerships, Heidi Hautala announced the firing of six members of the board who had been responsible for sanctioning the bonuses.

China demand for Iron ore is slowing

Tuesday, 20 March 2012
China's demand for iron ore has "slowed down". Growth in demand for iron ore used to make steel is reported to be falling to "single digits if not already occurred."

Stora Enso is investing big in China for Sustainable competitive differentiation in the world’s fastest-growing packaging market

Tuesday, 20 March 2012

Stora Enso plans to build a  plantation-based integrated paperboard and paper mill in the city of Beihai in Guangxi in southern China.

Securitas pays no corporation taxes for over a decade in Sweden as the government still weak in making a strong statement

Monday, 19 March 2012

For over a decade, the security company Securitas has been paying absolutely no income tax in Sweden.

A record number of trucks looted in Sweden by thieves

Monday, 19 March 2012

Last year, the number of thefts from trucks in Sweden was recorded by nearly 20 percent, according to figures from the police whom radio Sweden checked

Nokia design chief sees a revolution in the future use of mobile phones as market seem to be happy with Nokia

Friday, 16 March 2012
Nokia’s Executive Vice President of Design Marko Ahtisaari says in an interview with the Finnish business magazine Optio that he is looking for the next big leap in mobile user interfaces.

Volvo trucks doing well in a very increasingly diverse global market

Friday, 16 March 2012
Volvo Group's total truck deliveries rose 3 percent to 18 395 in February, compared with same period last year according to delivery statistics from Volvo, beating analysts expectations.

Ericsson president and CEO received Skr20 million

Thursday, 15 March 2012

Slightly more than Skr20 million is what Ericsson’s President and CEO Hans Vestberg received in salary and bonuses in 2011.

British company keeps credibility by withdrawing investment from unethical oil sand

Wednesday, 14 March 2012
The UK ethical equity fund, Ecclesiastical Investment withdraws from Norwegian Statoil for its "unethical" investment in oil sands projects.

Weakening interest to start lay private schools in Sweden

Tuesday, 13 March 2012
It was the dream for many so called education entrepreneurs to start their own school and cash easily from the government based on the amount of students they have.

Standoff at Finnair as staff demand stop to austerity in the wake of huge management bonuses

Monday, 12 March 2012

Finnair flight attendants are resisting further wage cuts after a recent scandal over big bonuses for the company's executives. The company's pilots will also look again at whether to continue savings talks.

Norwegian labour market remains remain hot in a turbulent Europe

Monday, 12 March 2012
As other European countries struggling with high unemployment Norway expects that nearly 70,000 more people will get jobs in 2012 and 2013.

Swedish pork getting more expensive as many pig farmer go out of business in recent times

Saturday, 10 March 2012
Many Swedish pig farmers have gone out of business in recent years. This means that seems to means that likeliness for more expensive pork in the stores.

Volvo Technology to be used in creating new car model for Chinese Geely

Friday, 09 March 2012
Volvo Car Corporation and the Chinese owner Geely are launching enhanced technology cooperation, with a focus on new technology including electric and hybrid cars.

5 Norwegian banks risk credit score downgrade

Friday, 09 March 2012
Five Norwegian banks risk having their credit ratings lowered by Moody's.

Bonus imbroglio threatens saving negotiations at Finnair Friday, 09 March 2012
Finnair cabin crew are upset about the revelation that the company's management received one million in bonuses while staff agreed to pay cuts to help the company to be maintained.

SCA CEO received Skr14.4 million

Thursday, 08 March 2012
The CEO of SCA, Jan Johansson had a good return on his bonus even last year. The variable payment landed at about Skr 5.4 million and together with his salary, he gets Skr14.4 million, according to the company's annual report.

Swedish state owned energy company, Vattenfall heavily criticised in Germany

Thursday, 08 March 2012

The Swedish state – owned energy company, Vattenfall, had received harsh criticism in Germany because the company neglected to report that they used steel drums which contained radio active component but it was not reported and no action was taken by the company to redress the issue.

Swedish companies lost confidence in the euro as support for the ailing currency collapses in among Swedish entrepreneurs

Bonuses for Finnair's Management

Swedish women will likely start paying higher car insurance

Indian billions bid for Saab automobile

Saab automobile’s subsidiary, Saab Parts hires in Trollhättan

Negotiation with interested party for the Saab take over still not yet started despite many bids

Many more homes for sale in Sweden as the seemingly over prices houses market continue to give way

Swedish Automobile retains Spyker

Swedish telecom company, Tele 2 notifies its own customer service to the police

Statoil makes oil discovery in Brazil

Swedish investors sold foreign debt securities

Bus Companies accused of price fixing cartel

Statoil has found gas in Tanzania

Ericsson in electric car partnership

Increased profit and sales for Arla

Volvo reportedly secretly placed bids on Saab

Astra Zeneca's CEO paid himself a quarter of a million and then fires hundreds of workers

Ingvar Kamprad fourth richest in the world

Swedish foreign calls Putin’s re-election a sham and a Russian distorted electoral process

Swedish football superstar, Zlatan sell house in Malmö and emigrate

Tuesday, 20 March 2012

Even wealthy Swedish star such as Zlatan Ibrahimovic have decided to leave Sweden. He is selling his house in his home town of Malmö and will move aborad and set up base some where else.

Criticism of new Swedish business with Saudi Arabia

Tuesday, 20 March 2012

Ewa Björling, Swedish Minister of Commerce (left)  and Jörgen Holmquist Director-General of Internal Market and Services at the European Commission.
Sweden has tried to sell a comprehensive monitoring system to Saudi Arabia, media reports in Sweden say. This has ignited more criticism for that Sweden is gradually looking at weapons export as its main economic stay.

Swedish companies and entrepreneurs would favour Reinfeldt more than Löfven

Tuesday, 20 March 2012
Swedish Prime Minister Fredrik Reinfeldlt is still the big favourites for the country's entrepreneur community.

Sweden leading the way for increased arms exports – another report show

Monday, 19 March 2012

Swedish arms export increased significantly more than average, according to a new report by the Swedish Peace Research Institute, SIPRI. The report also shows that Syria has increased its arms purchases many times over.

See also : Sweden’s arms exports hit record and the lucrative sector become Sweden main economic driver

How much do big Swedish companies' managers earn?

Monday, 19 March 2012

Earnings of head of Swedish Giant Corporation exposed in a different way by Swedish daily, Dagens Nyheter as questions about corporation tax payments in Sweden rage  on. See list and worth

Swedish communes threatened by pension time bomb. Some authorities are worried but commune politician are oblivious.

Monday, 19 March 2012
Swedish municipalities have pension liabilities of Skr216 billion leading to nearly four in ten municipalities insolvent in under generally accepted accounting principles.

Political wrangling in the U.S. could threaten the Norwegian's aircraft Purchase - reports

Sunday, 18 March 2012
Norwegian budget airline, Norwegian has announced that it was to make a purchase of a large number of planes from the USA but the company now fears that the political wrangling in the USA could affect the aircraft purchase business.

Non - Finnish language speakers, a very fast growing minority and must not be ignored

Sunday, 18 March 2012
An increasing number of people living in Finland have a mother tongue other than Finnish, Swedish or Sami. In fact, the country will soon boast of a large number of non native speakers to the number of the current Swedish-speaking Finns.

How some 1.206 Swedish Big Corporation get away with paying no taxes or very little taxes if they like to pay

Sunday, 18 March 2012swedish-largest-companies
The argument has always been that big corporations will employ more people and contribute more to the state treasury in the way of increased tax intake. This is one of the reasons why Sweden is so observed with big corporations  and would do all to pursue them weakly when it come to checking if they are paying their fare share of taxation…Right? Wrong!

Iceland makes early repayment of its loan to the Nordic countries and the IMF

Friday, 16 March 2012
Iceland’s remarkable economic turn around continue and the island country has now decided to repay some of its loans earlier that previously scheduled. This has to do with the repayment of its loan of Ikr116 billion or some Skr6.2 billion to the IMF and its Nordic neighbours.

Graduates with Economics background quickly get jobs after graduation as unemployment in Sweden starts falling

Thursday, 15 March 2012
Nine out of ten graduates with economics and business background in Sweden today have jobs within the first six months even though the subject sector has been declared over -crowded.

Intel invests in Swedish IT-company

Thursday, 15 March 2012
The U.S. processor giant, Intel is partnering in Swedish IT Company Tobii Technology through an investment of Skr143 million, reports technology newspaper, Computer Sweden.

Careless Swedish defence official sent Secret Saudi material via an unencrypted e-mail

Thursday, 15 March 2012
The notes from secret talks with Saudi Arabia sent in an unencrypted e-mail via a private hotmail account of an under-secretary at the Swedish Department of Defense.

Leap year day boost for fashion chain H & M sales

Thursday, 15 March 2012
Fashion chain H & M sales in stores open at least a year by 2 percent in February. The increase is due to the extra leap day in the month. But analysts would still be happy because sales were better than anticipated.

Swedes prefer to fly from Denmark

Wednesday, 14 March 2012
Southern Swedish travellers prefer to use the Danish international airport at Copenhagen to travel abroad more than using their own local airport at Malmo Sturup.

Finns believe in no heaven or hell – once dead that is it!

Wednesday, 14 March 2012
A shrinking number of Finns believes in life after death, according to the research institute of Finland’s Evangelical Lutheran Church. A third of Finns say there is no hereafter, writes the Christian newspaper Kotimaa.

Fast broadband, a common future in Sweden

Wednesday, 14 March 2012
Nearly half of all households and businesses in Sweden last year had access to fast broadband.

The number of poor children in Sweden increased by 28 000 as politicians remain oblivious  

Wednesday, 14 March 2012
The number of poor children in Sweden has increased by 28,000 since last year.

Half of Oslo to have immigrant backgrounds in 2040 – new data reveal

Wednesday, 14 March 2012

Almost half of the population in Oslo, the capital of Norway in 30 years will be made up of people with an immigrant background. Of those seven out of ten would have come from countries outside the EEA a latest report from statistic Norway show.

Mortgage ceiling has had effect – Swedish FSA

Tuesday, 13 March 2012
Mortgage ceiling which the Swedish government implemented to try and dampen the extraordinary rise in the Swedish house prices as well as to combat the astronomical rise of Swedish household debt has been determined to have worked. But work in what context remains questionable.

Fall in Swedish energy prices expected soon

Tuesday, 13 March 2012
The warm spring weather may means that the electricity prices in Sweden will fall and February's price rise shock becomes a distant memory. Electricity prices in March are 50 percent lower than last year.

Danish Prime Minister: Homosexuals can get married in Churches this summer

Tuesday, 13 March 2012
The Danish Prime Minister, Helle Thorning-Schmidt has made it clear that gays and lesbians may soon marry both in the town hall and church in Denmark.

Swedish EU commissioner to make it easier to confiscate criminal funds in the EUmalström

Tuesday, 13 March 2012
The Swedish EU commissioner, Cecilia Malmström is unveiling a bill at the EU level that will make it easier for police to crack down on crimes across the EU. In so doing will hit hard on the earnings of criminals and thus confiscate their earnings from criminality.

Swedish politician also after the big individual money as ex-politicians are paid record-high compensations

Tuesday, 13 March 2012

Design with graphic input from Parliament and Departments 
How productive are politicians? This question is very important in the wake of news that more Swedish politicians and ex- politician fixed their lives for good with increased pays and benefits. This is similar to company’s bosses that pay themselves big bonuses irrespective of the performances of their companies.

The dream of starting a company is paramountbusiness in most entrepreneurs’ minds but the fear supersedes

Monday, 12 March 2012
Becoming an entrepreneur and starting ones own business is often one of the world’s top dream aspirations for many people but many still have it hard to dare take the step and many also need help to get started.

New method pitted to be effective in curing skin cancer

Monday, 12 March 2012
A new treatment of malignant skin cancer tested in Sweden has shown impressively promising results.

Swedish Defence hardware surplus was sold to Saudi Arabia

Monday, 12 March 2012saab
It has now emerged that many of the visual gun carriages and anti-tank missiles Saudi Arabia purchased from Saab in recent years came from the Swedish armed forces' arsenal.

Social Democrats are gradually making a comeback as opinion polls keep them on the lead in the Red - Green coalition

Monday, 12 March 2012

The Social Democrats party in Sweden has taken a giant step up and increase it support by 7.7 percentage points to 29.6 in the new YouGov opinion survey, indicating that leadership and “stuck in the past” ideology was dooming the party.

Many poor children in Swedish cities as more families are alienated from the economy stream

Monday, 12 March 2012
News that Sweden is not a land of opportunity for some set of immigrants is not new but that things have not changed for many years remain strange as more and more children of deprived background live in abject poverty in city lock outs.

Desperate and creepy Swedish top management increasingly snooping into employees’ personal data - something illegal

Saturday, 10 March 2012
It has become more common in Sweden that company’s top management have become intrusive into the personal lives of those they want to employ. This is something illegal but with the job market here almost collapsing, employers can break the law and still sue the employee on top of it.

Fredrik Reinfeldt, Swedish PM approved Swedish participation in the development of weapons factory in Saudi Arabia

Friday, 09 March 2012
Despite all the media wrangling, Swedish Prime minister, Fredrik Reinfeldt is reported to have approved the participation of Sweden in the construction of the weapons factory in Saudi Arabia.

More exposé of Swedish arm business to dictatorships - Swedish arms may have been used in Bahrain

Thursday, 08 March 2012swedish-via-soudi-arabia
The Swedish Inspectorate for strategic products, ISP, has given the green light to a long list of weapons that different companies have sold and those which they want to sell to Saudi Arabia. Two of these weapons are identified to have been used against protesters in Bahrain.

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