https://feeds.thelocal.com/ Read the latest news and views from Sweden in English en-us news@thelocal.com (TheLocal) webmaster@thelocal.com (TheLocal) TheLocal RSS Feed Swedish Finance Minister Magdalena Andersson has been picked to lead the IMF's steering committee, the first woman to hold that position. https://www.thelocal.se/20201218/swedens-finance-minister-lands-international-gig Fri, 18 Dec 2020 13:11:44 +0100 swedens-finance-minister-lands-international-gig Sweden's economy saw an unexpected contraction in the second quarter of 2019 compared to the same quarter last year, preliminary data shows. https://www.thelocal.se/20190731/swedens-economy-unexpectedly-shrinks-in-second-quarter Wed, 31 Jul 2019 13:20:38 +0200 swedens-economy-unexpectedly-shrinks-in-second-quarter The Stockholm stock exchange plunged by 2.8 percent on Thursday, making it the worst trading day of 2018. https://www.thelocal.se/20181206/stockholm-stock-exchange-suffers-worst-day-of-2018 Thu, 06 Dec 2018 23:30:57 +0100 stockholm-stock-exchange-suffers-worst-day-of-2018 With the US economy continuing to fire on all pistons, sales by Swedish truck maker Volvo Group rose by nearly a third in North America in the latest quarter. https://www.thelocal.se/20181019/volvo-truck-sales-keep-rising-in-the-us Fri, 19 Oct 2018 14:00:33 +0200 volvo-truck-sales-keep-rising-in-the-us Sweden has hit back at the European Commission after it asked for an estimated extra 15 billion kronor a year to help plug the Brexit budget gap. https://www.thelocal.se/20180502/swedish-finance-minister-attacks-unreasonable-eu-budget Wed, 02 May 2018 18:26:49 +0200 swedish-finance-minister-attacks-unreasonable-eu-budget Swedish telecoms giant Ericsson announced new cost-cutting measures on Tuesday in response to poorer than expected second-quarter sales and profits in a poor growth climate. https://www.thelocal.se/20170718/ericsson-to-cut-costs-further-following-fourth-consecutive-quarterly-loss Tue, 18 Jul 2017 11:55:44 +0200 ericsson-to-cut-costs-further-following-fourth-consecutive-quarterly-loss A tug of war between Sweden, Denmark and Finland over where Nordic banking giant Nordea should base its head office in the future is beginning to heat up. https://www.thelocal.se/20170524/nordic-fight-to-host-nordea-heats-up-as-rumours-of-sweden-departure-swirl Wed, 24 May 2017 11:06:52 +0200 nordic-fight-to-host-nordea-heats-up-as-rumours-of-sweden-departure-swirl A bid by troubled Swedish telecoms giant Ericsson's new chief executive to turn the company's fortunes around will hit the company's first-quarter 2017 accounts hard. https://www.thelocal.se/20170328/struggling-ericsson-spends-billions-in-bid-to-turn-things-around Tue, 28 Mar 2017 18:18:36 +0200 struggling-ericsson-spends-billions-in-bid-to-turn-things-around Swedes are richer than ever before, but household debt in the country continues to grow at the same time, new statistics from one of the country’s major banks show. https://www.thelocal.se/20161222/swedish-households-are-now-richer-than-ever Thu, 22 Dec 2016 15:56:27 +0100 swedish-households-are-now-richer-than-ever The election of Donald Trump could lead to falling house prices in Sweden, according to some experts. https://www.thelocal.se/20161114/trump-effect-could-make-lending-more-expensive-in-sweden Mon, 14 Nov 2016 20:22:18 +0100 trump-effect-could-make-lending-more-expensive-in-sweden The Stockholm Stock Exchange started to tentatively mount a recovery on Tuesday morning as it attempted to bounce back from its worst day of trading since 1986. https://www.thelocal.se/20160628/can-the-swedish-stock-market-recover-from-its-post-brexit-collapse Tue, 28 Jun 2016 13:13:42 +0200 can-the-swedish-stock-market-recover-from-its-post-brexit-collapse Sweden’s finance minister, Magdalena Andersson, has made it clear that Britain's trade with the country will be affected by last Thursday's Brexit vote. https://www.thelocal.se/20160627/swedish-government-britain-cant-cherry-pick-the-rules-it-wants-to-follow Mon, 27 Jun 2016 18:24:17 +0200 swedish-government-britain-cant-cherry-pick-the-rules-it-wants-to-follow The Stockholm Stock Exchange felt the full force of Brexit on Monday as stocks plunged by six percent upon the opening of the country’s first day of trading since Britain voted to leave the European Union. https://www.thelocal.se/20160627/swedish-stock-market-plummets-in-brexit-aftermath Mon, 27 Jun 2016 11:48:04 +0200 swedish-stock-market-plummets-in-brexit-aftermath UPDATED: Swedbank has reported its former CEO Michael Wolf, who got fired on Tuesday, to the financial supervisory authority over suspicious transactions during his time at the helm. https://www.thelocal.se/20160212/sacked-swedish-bank-boss-reported-to-finance-watchdog Fri, 12 Feb 2016 16:43:34 +0100 sacked-swedish-bank-boss-reported-to-finance-watchdog Prashant Jain, 29, moved to Sweden to work at an asset management company. He tells The Local how working in investments gives you a global outlook, and how Swedes don't buck the system. https://www.thelocal.se/20151228/in-sweden-everyone-follows-the-system Mon, 28 Dec 2015 07:00:00 +0100 in-sweden-everyone-follows-the-system In an unusually personal speech at a Social Democratic party conference on Sunday, Finance Minister Magdalena Andersson talked of the need to counter a “poison” of inequality and xenophobia spreading across Sweden. https://www.thelocal.se/20150531/poison-is-spreading-in-the-land-finance-minister Sun, 31 May 2015 15:39:15 +0200 poison-is-spreading-in-the-land-finance-minister Swedes are feeling more optimistic about their personal finances, but would rather put their money in the bank than spend it at the shops, a new survey suggests. https://www.thelocal.se/20150318/swedes-hold-onto-wallets-despite-optimism-boost Wed, 18 Mar 2015 10:57:30 +0100 swedes-hold-onto-wallets-despite-optimism-boost The new coalition's economic and budgetary plans are 'ill advised', according to the agency that offers independent financial advice to the government. https://www.thelocal.se/20141016/coalition-budget-plans-a-mistake-says-watchdog Thu, 16 Oct 2014 13:40:00 +0200 coalition-budget-plans-a-mistake-says-watchdog The government expects unemployment in Sweden to remain high in the coming years, according to forecasts in the autumn budget bill presented on Wednesday by Finance Minister Anders Borg. https://www.thelocal.se/20130918/50298 Wed, 18 Sep 2013 12:24:00 +0200 50298 After reviewing Sweden's mortgage-repayment system, the Swedish Financial Supervisory Authority (Finansinspektionen, FI) is considering enforcing compulsory mortgage amortization for Swedes as debt burdens surge. https://www.thelocal.se/20130910/50176 Tue, 10 Sep 2013 17:51:00 +0200 50176