Baltic Sea divers find wreck of Soviet WWII submarine after decade-long searchSTOCKHOLM — After a decade-long search, a team of Baltic Sea divers has discovered the wreckage of a Soviet submarine that sank with dozens of sailors aboard during World War II, one of the divers said Tuesday. Global arms spending rises _ with US, China leading the way _ despite economic downturnSTOCKHOLM — World governments spent a record $1.46 trillion on upgrading their armed forces last year despite the economic downturn, with China climbing to second place behind top military spender the United States, a Swedish research group said Monday. Report: China becomes world No. 2 arms spender, behind US, as world arms transfers rise 4 pctSTOCKHOLM — China has become the world’s second biggest military spender behind the United States, a Swedish peace research group said Monday. Latvia faces jitters over possible sharp currency devaluation, Swedish banks seen at riskRIGA, Latvia — Latvia’s central bank and prime minister on Thursday urged the Baltic nation’s leaders to watch what they say about the national currency as jitters spread about a possible devaluation that could hit other economies in the region. Latvia’s central bank calls on leaders to watch words about troubled currencyRIGA, Latvia — Latvia’s central bank on Thursday urged the Baltic nation’s leaders to watch what they say about the national currency as jitters spread about a possible devaluation. Web pirates, motorcyclist and dancing prince hot candidates in European electionsRecord low turnout is expected for the June 4-7 elections for the European Parliament, giving fringe candidates a better chance of winning seats. Here is a look at some of the most eye-catching and buzz-making candidates and parties around Europe. Finland calls for joint Nordic membership in G-20, more say in international affairsHELSINKI — The five Nordic countries should have more say in international affairs, including a joint seat in the Group of 20, Finnish Prime Minister Matti Vanhanen said Thursday. Swedish football hooligans brawl on airplane, could face air sabotage chargesSTOCKHOLM — Football fans assaulted a passenger and threatened flight attendants on a flight following a Swedish league match, police said Monday. Metro sells US free newspaper business to newly formed companySTOCKHOLM — Swedish newspaper group Metro International S.A. said Monday it has agreed to sell its loss-making U.S. papers, with a combined circulation of 590,000 daily copies reaching some 1.2 million readers, to a company run by a former Metro CEO. Sweden uses power-play goals to beat US 4-2 to win bronze medal at ice hockey worldsBERN, Switzerland — The United States failed to hold an early lead and lost to Sweden 4-2 in the bronze medal game at the hockey world championship Sunday. Canada beats Sweden 3-1, advances to final for rematch with Russia at hockey worldsBERN, Switzerland — Canada beat Sweden 3-1 at the hockey world championships Friday to set up a rematch of last year’s final against Russia. You again? Canada, Sweden set up semifinals matchup for 4th straight year at ice hockey worldsBERN, Switzerland — Canada and Sweden will meet in the semifinals for a fourth straight year at the ice hockey world championship after both won tight matches on Thursday. China’s Geely in bid for GM’s Saab, as rumors of other potential takeovers swirlSHANGHAI — Chinese automaker Geely Automobile Holdings said Thursday it is bidding for General Motors Corp.’s Saab brand, a move that would boost the company’s ability to compete overseas. China’s Geely denies planning bids for Saab, Volvo, as rumors of other potential offers swirlSHANGHAI — Chinese automaker Geely Automobile Holdings denied reports Thursday it is bidding for General Motors Corp.’s Saab brand or Ford Motor Co.’s Swedish unit Volvo — despite growing speculation that a move for either brand could be in the offing. Sweden edges Czech Republic 3-1, setting up semifinal with Canada at hockey worldsBERN, Switzerland — Sweden beat the Czech Republic 2-1 Thursday to reach the semifinals at the hockey world championship. Swedish pop group Roxette to reunite in October for European tourSTOCKHOLM — The managers of 1980s pop sensation Roxette say the Swedish band will reunite for a small European tour starting in October. Dmitri Kalinin scores 2 to lift Russia over Sweden in OT, earn winning start to 2nd roundBERN, Switzerland — Dmitri Kalinin scored with 56 seconds remaining in overtime to lift Russia to a 6-5 win over Sweden on Thursday to open the second round of the hockey world championship. Poll: Swedish pro file-sharing party gaining support, could enter European ParliamentSTOCKHOLM, Sweden — A new poll shows a Swedish party that calls for legalizing Internet file-sharing could win a seat in the European Parliament in June. US falls to Sweden 6-5 in OT, but US wins first round group at ice hockey worldsBERN, Switzerland — The United States blew a three-goal lead in the third period and lost 6-5 in overtime to Sweden on Wednesday at the ice hockey world championship. Scandinavian airline SAS posts 1Q loss amid falling demandSTOCKHOLM — Scandinavian airline group SAS AB on Tuesday posted a smaller first-quarter net loss as the slump in the global economy continued to weaken demand for air travel. Web site, doctor report Sri Lanka shelling in war zone despite pledge to cease such attacksCOLOMBO, Sri Lanka — Government forces fired barrages of artillery into the northern war zone, killing at least 11 civilians, a day after it pledged to stop such attacks because of the risk to innocent lives, a rebel-linked Web site and a local doctor said. Sri Lankan military says it captured rebel fortifications, killed 7 rebels in new fightingCOLOMBO, Sri Lanka — The Sri Lankan military pressed ahead Tuesday with its offensive against the beleaguered Tamil Tigers, breaking through a defensive fortification and killing at least seven rebels, the military said. Sweden’s foreign minister denied entry to Sri Lanka as part of European cease-fire delegationSTOCKHOLM — Sweden recalled its top diplomat in Sri Lanka on Tuesday after Foreign Minister Carl Bildt was blocked from joining a European delegation pressing for a cease-fire between the government and Tamil Tiger rebels. Swedish truck maker Scania’s 1Q profit down 93 percent because of falling demandSTOCKHOLM — Swedish truck and bus maker Scania AB on Monday reported a 93 percent drop in first-quarter net profit, as the global financial crisis continued to weigh on demand and capacity utilization. Swedish watchdog warns weapons transfers to Mideast could provoke IranSTOCKHOLM — The volume of weapons exported to the Middle East has risen sharply in the last four years, threatening to destabilize the volatile region further, a leading Swedish think tank warned Monday. Swedish truck maker Volvo posts $500 million loss in 1Q on weak demand amid financial crisisSTOCKHOLM — Swedish truck maker AB Volvo on Friday posted a worse-than-expected first-quarter net loss of 4.2 billion kronor ($500 million), citing a continued drop in demand in its markets, which it expects to continue to shrink due to the global financial turmoil. Car makers hide prototypes from spy shotsARJEPLOG - Car makers are very creative about hiding their prototypes from amateur photographers and paparazzi just waiting to snap a spy shot of the new model. Hip-hop singer Lauryn Hill to headline Stockholm Jazz Festival as part of European tourSTOCKHOLM — Organizers say former Fugees singer Lauryn Hill will be the headline act for the Stockholm Jazz Festival in July. |
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