Sweden wants to pay immigrants up to 350,000 Swedish kronor to leave the countrySweden will soon pay immigrants up to 350,000 kronor to leave the country voluntarily starting in 2026. This new policy, announced by the r...
Sweden raises salary threshold for foreign workers by almost 120%; mulls further hikesThe government plans to further raise the threshold to 35,600 kronor, with exemptions for certain workers and a one-year grace period for c...
Sweden pledges $1.25 bn in military aid to UkraineSweden has pledged a military aid package of 13.3 billion kronor to Ukraine. The aide will include surveillance aircraft, air-to-air missil...
H&M says profit up by $1.2 billion as world opens up again"As more and more people are vaccinated and restrictions are eased, the world is gradually opening up and customers can once again visit ou...
Hunt starts for billion kronor about to be worthless in Sweden“Everything is physical so it’s more difficult. We must collect the coins and make people search for coins in their drawers, desks and bags...
- Ericsson's India revenues down 55 pc to $ 208mn in Jan-Mar
In addition, revenues from western and central Europe declined by 10 per cent to 4.3 billion Swedish Kronor in the January-March quarter of...
- Ericsson more than doubles profit in Q2
Swedish wireless equipment maker LM Ericsson AB said Friday its net profit more than doubled in the second quarter, boosted by improved mar...
- Ericsson profit dips 30 pc in Q1, India sales drop 43 pc
Telecom network equipment maker Ericsson on Friday reported a 30 per cent drop in profit to 1.3 billion Swedish kronor in the quarter endin...
- SAS to cut 700 jobs, raise $670M in share issue
Airline group SAS plans to raise $670 million from shareholders and cut about 700 jobs as it expands its savings package.
- Ericsson cuts 1,500 more jobs, profit plunges
Ericsson announced an extra 1,500 job cuts under restructuring which bit deeply into fourth-quarter net profit at the firm, the world leade...
- Ericsson posts 35 percent drop in 1Q profit
Wireless equipment maker LM Ericsson on Thursday reported a 35 percent fall in first-quarter net profit due to weak results from its handse...
- Defense firm Saab reports Q1 loss, to cut 300 jobs
Swedish aerospace and defense company Saab AB on Thursday reported a loss for the first quarter, mainly due to higher research costs, and s...
- Volvo trucks reports big 4th quarter loss
Swedish truck maker Volvo on Friday reported a heavy net loss in the fourth quarter in the face of crumbling demand, which it said would re...
- Sweden's SAS to slash 3,000 jobs, reports 4Q loss
Scandinavian airline group SAS AB says its losses widened in the fourth quarter and that it plans to slash 3,000 jobs as part of a new savi...
- Ericsson reports profit drop, to cut 5,000 jobs
Wireless equipment maker LM Ericsson said profits dropped 31 per cent in the fourth quarter, citing restructuring charges and weaker handse...
- Swedish bank aims to raise 1.5 billion dollars by issuing new shares
Swedbank, the Swedish bank which appears to be hardest hit by the global financial crisis, said that it would try to raise 12.4 billion kro...
- Electrolux reports mixed earnings news
Electrolux, the world's leading electrical appliance maker, reported a 53.2 per cent fall in second quarter net earnings that it attributed...