China’s BAIC joins Koenigsegg in takeover of GM’s Saab unitSTOCKHOLM — China’s Beijing Automotive Industry Holdings has struck a preliminary deal to become a minority stakeholder in Koenigsegg Group AB’s takeover of Saab Automobile from General Motors Corp. EU to strengthen political role in AfghanistanSTOCKHOLM - The European Union (EU) will strengthen its presence in Afghanistan, especially its political role there, Swedish Foreign Minister Carl Bildt said here Saturday. Woman bites hairdresser over wrong hairdoSTOCKHOLM - A Swedish woman bit her hairdresser because she was upset about a hairdo that went wrong, a media report said Saturday. EU foreign ministers make new appeal to Iran over nuclear programSTOCKHOLM — The European Union issued a new demand Friday for Iran to return to international negotiations over its nuclear program, warning that a confrontation and tougher sanctions could be ahead if the standoff continued. EU president Sweden calls special EU summit ahead of G20 summit in PittsburghSTOCKHOLM — Sweden has called for an extra meeting of European Union leaders to discuss the global financial crisis ahead of a summit of Group of 20 nations in the U.S. later this month. Finance ministers of 7 European countries call for strict bank bonus regulationsSTOCKHOLM — Seven European countries on Friday called on G-20 leaders to put together strict limits on bonuses to bank executives, calling excessive payouts not only “dangerous” but also “indecent, cynical and unacceptable.” Experts say kidnapped victims like Calif. girl stay with abductors out of fear, survival willSAN FRANCISCO — In the 18 years that Jaycee Lee Dugard allegedly spent captive in Phillip Garrido’s backyard, shielded from the world by trees, tarps, tents and tool sheds, she no doubt had a chance or two to tell someone the truth. Ikea goes modern, computer friendly with its catalog typeface _ to style mavens’ outrageSTOCKHOLM — Ikea, the Swedish furniture chain, said Sunday it never expected such a backlash after switching typeface in its latest catalog. Ikea chain’s new catalog font sparks worldwide reactionSTOCKHOLM — Ikea, the Swedish furniture chain, said Sunday it never expected such a backlash after switching typeface in its latest catalog. Egypt says Israeli settlement freeze must include east JerusalemSTOCKHOLM — Egypt’s foreign minister says east Jerusalem must be included in a freeze of Israeli settlement activity before Middle East peace talks can restart. Archaeologists uncover 7th century ship in SwedenSTOCKHOLM - Swedish archaeologists have announced the find of a 7th century burial ship, the oldest of its kind to be discovered in Scandinavia. Climate change talks must include water, say expertsSTOCKHOLM - Participants at the World Water Week conference here have urged the governments to include the problem of water shortage in the negotiations on climate change. Experts urge world leaders to include global water issue in Copenhagen climate dealSTOCKHOLM — Thousands of scientists and experts urged world leaders Friday to include strategies for global water management in the planned Copenhagen climate agreement. Swedish foreign minister defends press freedom, rejects anti-Semitism claims amid Israel furorSTOCKHOLM — Swedish Foreign Minister Carl Bildt has rejected Israeli calls for official condemnation of a Swedish newspaper article about organ harvesting, saying freedom of expression is a cornerstone of democracy. Indian sanitation guru receives Stockholm Water PrizeSTOCKHOLM - India’s Bindeshwar Pathak, the founder of the Sulabh sanitation movement, was Thursday awarded the Stockholm Water Prize, the most prestigious environmental recognition that has become akin to a Nobel Prize for environmental issues. Asia needs water reform to cope with population growth: StudySTOCKHOLM - Asia needs to improve irrigation and introduce water reform to feed growing populations in the coming decades, a new study said Tuesday. GM seals deal to sell Saab to Sweden’s Koenigsegg GroupSTOCKHOLM — General Motors Corp. said Tuesday it has signed an agreement to sell its unit Saab Automotive to Sweden’s Koenigsegg Group AB, confirming an announcement in June, although government officials warn that more capital is needed before the deal can be closed. Swedish bank Swedbank raises $2.1 billion in new capitalSTOCKHOLM — Swedish bank Swedbank said Monday it is raising 15 billion Swedish kronor ($2.1 billion) in a new share issue to strengthen its capital position, which has been tested by the global economic crisis, particularly in the Baltic countries. Universe’s mysterious flux arises from exploding stars, not dark matterSTOCKHOLM - A team of scientists has established that a mysterious flux of particles in the Universe originates from exploding stars, rather than being proof of dark matter. Shipwrecked: Archaeologists explore graveyard of sunken ships in Baltic SeaSTOCKHOLM —The fire began in the galley, where the crew had kept a stove burning while they visited a tavern ashore. As the flames devoured her stern, the Anna Maria sank through the ice in the Stockholm archipelago. Sweden’s TeliaSonera says Turkey’s Cukurova ordered to hand over Turkcell sharesSTOCKHOLM — Nordic telecommunications operator TeliaSonera AB on Friday said an arbitration court has ordered Turkey’s Cukurova group to transfer shares in mobile operator Turkcell Holding to the Stockholm-based firm for $3.1 billion. Sweden’s Securitas posts 6.7 percent rise in Q2 profits, to explore acquisitionsSTOCKHOLM — Swedish security firm Securitas AB on Friday reported a 6.7 percent increase in second-quarter net profits, in part thanks to stronger sales, and said it aims to explore acquisition opportunities in North America as they arise. Sweden to represent EU at Iran presidential ceremonySTOCKHOLM - The European Union (EU) is to be officially represented by Sweden as Mahmoud Ahmadinejad is sworn in for a second term as the president of Iran, the Swedish foreign ministry said Tuesday. Six missing after Norwegian cargo ship sinks off SwedenSTOCKHOLM - Six crewmembers of a Norwegian cargo ship were missing Friday after the vessel sank off the coast of Sweden, officials said. Power company Vattenfall posts profit drop, seeks to restore trust after nuclear incidentSTOCKHOLM — Swedish energy group Vattenfall on Thursday posted a 36 percent drop in second-quarter earnings and said it needs to restore trust after a short circuit at a nuclear power plant in Germany raised concerns about safety there. Swedish-made anti-tank launchers sold to Venezuela found in hands of Colombian rebels.BOGOTA — Swedish-made anti-tank rocket launchers sold to Venezuela years ago were obtained by Colombia’s main rebel group, and Sweden said Monday it was demanding an explanation. Apartment fire kills woman, 5 daughters in StockholmSTOCKHOLM — A woman in her 40s and her five daughters were killed when they tried to escape an apartment fire in a Stockholm suburb, police and media reports said Sunday. Sweden’s TeliaSonera posts 8 percent rise in Q2 profits; sales up, savings pay offSTOCKHOLM — Nordic telecommunications operator TeliaSonera AB reported Friday an 8 percent rise in second-quarter net profits, boosted by higher sales and the benefits of previous cost-saving measures. Sweden’s Saab posts drop in Q2 profits, order bookings fallSTOCKHOLM — Second-quarter profits at Swedish aerospace and defense group Saab AB dropped 14 percent due to weaker demand, project delays and order cancellations, the company said Friday. The figures were not as bad as expected, however, causing shares to rally. Sweden’s TeliaSonera posts 8 pct rise in 2Q profits, sales upSTOCKHOLM — Nordic telecommunications operator TeliaSonera AB reported an 8 percent rise in second-quarter net profits Friday, boosted by higher sales and by reaping the benefits of previous cost-saving measures. |
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