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Saturday, 10 May 2008

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Sweden country news

Hit by record high prices for jet fuel and overcapacity, the SAS Group, which runs Scandinavian Airlines, reported a first-quarter loss of 973 million crowns... full story

TeliaSonera gets a call from France Telecom

The steel wall, ArcelorMittal and BE Sverige link up

Sweden, the first to side with China, gets closer fast

Cybercom signs 3-year contract with AMS

Telekom Austria Group closes Tele2 acquisition deal

Home appliance maker Electrolux in a profit vacuum

A big order from India big order from India

Vattenfall and Siemens sign a wind energy deal

SAS and Bombardier make a one billion crown deal

Political

No push for an EU boycott on Australian wool seen

Australia got some good news from Swedish officials when it was announced the European country would not insist on a boycott of wool through the... full story

Africa trade depends on fixing democracy and its investments

Afghanistan’s foreign minister visits, asks for help

No support for the Baltic Sea pipeline in this corner

Troops could be sent to Chad to help refugees

Sweden to close seven embassies and consulates

Government pledges more income tax cuts next year

Bjorklund takes over leadership of the Liberal Party

More money coming to help stop climate change

Defence chiefs want closer cooperation with Norway

more political news...

Business

Russia and the CIS save Scania’s year so far

Strong demand from Russia, members of the Commonwealth of Independent States and the Middle East helped boost firstquarter pre-tax profits, Swedish heavy-vehicle and bus maker... full story

Electrolux profits fall into a deep vacuum

Truck sales in Europe and Asia drive up Volvo’s revenues

Don’t hang up, TeliaSonera to cut its corporate staff

Handelsbanken goes on a slide, profits down 21%

Ikea expansion in China moves ahead

Metro cuts losses, but not enough

Saab details Gripen proposal to Croatia

Ericsson lines up with China in USD 1.44 bln deal

Amcor to pack up its Swedish and UK packaging plants

Economic

Swedish travel industry sets record for 2007

Last year was a new record for the travel industry in Sweden and the forecast for 2008 remains optimistic, with bookings for this year and... full story

Diesel users may lose their tax break at the pump

Lots of red ink on the presses as Metro posts some losses

Down, down, downturn for Investor AB results

Saab’s revenue picture is backing up a bit

Telia Sonera will pay clients for email crash

It’s pay TV for sure, and people are paying up fast

H&M keeps racking it up, 14% sales rise last month

Clean sweep for Electrolux in Britain, plant is closing

Ericsson faces lawsuit over profit warning

more business news...

more economic news...

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Forget politics; what Russia and the EU need is a shared economic space

Bylines & Interviews

Russia’s Energy Build: Leverage, not Threats
By Chris Weafer, Chief strategist at UralSib Bank in Moscow

Azerbaijan creates alternatives, not competition
interview with Heydar Babayev, Azerbaijan’s Minister of Economic Development

Obama rises above racial politics in the United States
By Ray Bawarch, US-based author of the novel, “The Dirt People”

Towards a reform of the World Trade Organization
By MEP Prof. Dr. Georgios Papastamkos

IMF foresaw US mortgage crisis
By Lorenzo Bini Smaghi, ECB executive board member

IMF should ration loan conditions
By Alex Wilks, Eurodad coordinator, director Brussels office

Triple crisis, few solutions
By Peter Chowla, IMF specialist

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