Sweden’s Saab posts drop in 2Q profits, order bookings fallSTOCKHOLM — Second-quarter profits in Swedish aerospace and defense group Saab AB more than halved on weaker demand, project delays and order cancellations, the company said Friday. EU wants energy efficiency targets to be mandatorySTOCKHOLM - The European Commission has said that it wanted the targets for energy efficiency improvements to be made mandatory as the block’s enegry ministers began their discussions in northern Sweden Thursday. Fishing rights is the key issue as Iceland applies to join European UnionSTOCKHOLM — Iceland formally applied Thursday to join the European Union but said it would not accept a “rotten deal” for its fishing industry, a key sector of the island nation’s troubled economy. Fishing rights key issue as Iceland applies to join European UnionSTOCKHOLM — Iceland formally applied Thursday to join the European Union but said it would not accept a “rotten deal” for its fishing industry, a key sector of the island nation’s troubled economy. 2 passenger ferries collide in Swedish port, several passengers injuredSTOCKHOLM — Two large passenger ferries collided outside a port south of Stockholm on Thursday, injuring 15 people, police said. Iceland formally applies to join European Union during ceremony in StockholmSTOCKHOLM — Iceland’s foreign minister on Thursday handed over the country’s application to join the European Union, a move Icelanders hope will bring economic stability. Swedish construction group Skanska’s net profit rises 9 percent in Q2 as margins improveSTOCKHOLM — Skanska AB, the Nordic region’s biggest construction company, on Wednesday said net profit rose by 9 percent in the second quarter as an improvement in margins offset weaker revenues. Truck maker Volvo posts $718 million loss in second quarter, says markets stabilizingSTOCKHOLM — Swedish truck maker AB Volvo on Tuesday reported its third consecutive quarterly loss as sales plunged by one-third amid weak demand in the April-June period. Sweden’s Nordea posts 11 pct drop in 2Q profit, but raises full-year outlookSTOCKHOLM — The Nordic region’s biggest financial group, Nordea Bank AB, on Tuesday reported an 11 percent drop in second-quarter net profit, mainly due to higher loan losses and staff costs, but raised its full-year outlook. Sweden’s SEB bank posts 2Q loss amid large credit losses in the BalticsSTOCKHOLM — Swedish bank SEB AB on Monday posted a second-quarter loss as credit losses for its operations in the Baltic countries increased more than eight-fold. Lithuanian president slams censorship bill targeting material promoting homosexualitySTOCKHOLM — Lithuania’s new president on Thursday criticized a censorship bill passed by lawmakers in the Baltic country that aims to keep information about homosexuality away from children. Lithuanian president wants to amend censorship law targeting information about homosexualitySTOCKHOLM — Lithuanian President Dalia Grybauskaite says she is upset that lawmakers passed a censorship bill that aims to keep information about homosexuality away from children. Sweden’s Electrolux 2Q profit jumps despite weak market, beats analysts’ expectationsSTOCKHOLM — Swedish appliance maker Electrolux AB reported Thursday that profits surged six-fold in the second quarter, despite a weak market for home appliances, thanks to cost cuts and favorable currency rates. North Korea must give up nuclear programme: SeoulSTOCKHOLM - North Korea must give up its controversial nuclear programme, South Korean President Lee Myung-bak said Monday after talks with Swedish Prime Minister Fredrik Reinfeldt. Sweden’s leading papers plan photo boycott of Britney Spears showSTOCKHOLM — Four major Swedish newspapers have threatened to boycott a Britney Spears concert in Stockholm because of restrictions imposed on their photographers. Sweden to extradite Rwanda genocide suspect; to stand trial at homeSTOCKHOLM — Sweden will extradite a man accused of taking part in mass slaughter in Rwanda to his homeland, marking the first time an EU nation has sent back a suspect to face charges in the 1994 genocide, officials said Thursday. Swedish founder of Ikea says furniture retailer must cut more jobsSTOCKHOLM — Swedish flat-pack giant Ikea must cut more jobs than previously announced as the financial crisis continues to weigh on demand for its furniture, founder Ingvar Kamprad said Tuesday. EU urges Iran to release British Embassy staff, considers pulling ambassadors in protestSTOCKHOLM — The European Union demanded on Thursday that Iran release all detained British Embassy staff amid disagreement over how many there were and discussion of a British proposal for the bloc to jointly withdraw all 27 of its ambassadors from the country. EU presidency: new climate change pact hinges on China, India doing their partSTOCKHOLM — The chances of concluding a new global climate change pact remain dim unless China, India and Brazil make significant cuts in carbon dioxide emissions as well a senior Swedish climate change official said Thursday. Swedish central bank cuts key interest rate by a quarter point to record low of 0.25 percentSTOCKHOLM — Sweden’s central bank on Thursday surprised markets by cutting its key interest rate by a quarter of a percentage point to 0.25 percent, saying the economic downturn appears to be deeper than previously forecast. Sweden opens EU presidency with focus on Iran, climateSTOCKHOLM - Iran, climate talks, global economic crisis and the unexpected resignation of Croatia’s Prime Minister Ivo Sanader were topics occupying diplomatic circles Wednesday, as Sweden took over the rotating presidency of the European Union (EU). EU considers pulling ambassadors from Iran over detention of British Embassy staffSTOCKHOLM — The European Union on Thursday was considering Britain’s request to pull the bloc’s ambassadors from Iran, an extraordinary move that would send a powerful signal of EU unity in the wake of Tehran’s postelection crackdown. Sweden takes over European Union presidencySTOCKHOLM - Sweden Wednesday took over the rotating presidency of the European Union for the second time since it joined the bloc in 1995. Cleric’s call for executing some protesters signals harsh new turn in IranEDITOR’S NOTE: Iranian authorities have barred journalists for international news organizations from reporting on the streets and ordered them to stay in their offices. This report is based on the accounts of witnesses reached in Iran and official statements carried on Iranian media. Rock-throwing demonstrators break into Iranian Embassy in SwedenSTOCKHOLM — Angry demonstrators broke into the Iranian Embassy outside Stockholm on Friday, climbing in through shattered windows and injuring one embassy worker, police said. Stone-throwing demonstrators attack Iranian Embassy in SwedenSTOCKHOLM — Demonstrators attacked the Iranian Embassy outside the Swedish capital Friday, throwing stones and trying to force themselves in, police said. Swedish broadcaster reports attack on Iranian EmbassySTOCKHOLM — Swedish broadcaster SVT says the Iranian Embassy outside Stockholm is being attacked by demonstrators. H&M 2Q profit rises 6.4 percent, helped by new store openings and weaker Swedish kronaSTOCKHOLM, Sweden — Swedish fashion chain Hennes & Mauritz on Thursday said net profit in its latest fiscal quarter rose 6.4 percent, helped by new store openings and a weaker Swedish krona. Ericsson names former financial chief as new CEO as Svanberg becomes BP chairmanSTOCKHOLM — Swedish wireless equipment company L.M. Ericsson on Thursday said its financial chief Hans Vestberg will become the new CEO when Carl-Henric Svanberg moves to head the board of BP Group PLC. Iranians hold demonstrations in European cities to protest Iran’s election resultPARIS — Iranians demonstrated in capitals around Europe on Thursday to protest the disputed Iranian presidential election and the regime’s treatment of its critics. |
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