sweden
Tourists are bucking the traditional summer norms and holidaying in cooler countries this year. More and more tourists from central and southern Europe, where summer temperatures can reach as high as 30 or even 40C, are heading to Umeå in Sweden. With its 17C July weather, peaceful and quiet atmosphere and absence of traffic jams, Umeå is proving to be a very popular tourist destination, with tourists arriving in troves. Camping manager Charlotte Nillson noticed that an increasing number of people from Finland were making it to Luleå's largest camping site. She believes the explanation is the ...
Euronews (English)
The boards of Irish video-game services company Keywords Studios and the UK-based private equity firm Bidco have reached agreement on the terms of a recommended cash acquisition. The entire ordinary share capital of Keywords Studios will be acquired by Bidco at a price of £24.50 ($31.11) per share. The acquisition values the entire issued and to be issued ordinary share capital of Keywords Studios at approximately £2.1 billion on a fully diluted basis, and implies an enterprise value of approximately £2.2 billion. Bidco or Houting UK Limited is a newly formed company indirectly wholly-owned by...
DPA Breaking News
Shares of H&M dropped by more than 14% on Thursday morning after the company reported a smaller-than-expected increase in second-quarter profits. The disappointing earnings report also raised concerns about the retailer’s June sales and its ability to meet full-year profit margin targets. Q2 profit falls short of expectationsH&M, the world’s second-largest retailer, announced an operating profit of 7.1 billion Swedish kroner ($672 million) for the March to May period. This figure fell short of the 7.37 billion Swedish kroner anticipated by analysts, according to a poll conducted by LSEG and ci...
Invezz
A Swedish town is trying to attract more residents by selling land for just 1 krona (€0.08) per square metre. The new campaign is part of a project to help Göten, a small town with about 5,000 residents, attract new residents and make up for an aging population and falling birth rates. Who can buy the land?“Absolutely anyone is welcome to buy one of the plots,” Månsson said. “There are no rules or requirements as to who is allowed to buy one. It would be absolutely fantastic if we could get people from abroad interested in buying plots here, too.” He did not say whether Swedish residency or ci...
Euronews (English)
For those of you who are still heartbroken that ABBA didn’t make a surprise appearance at this year’s Eurovision, there’s some more bad news coming your way. Band member Björn Ulvaeus has stated that ABBA may never make another public appearance together ever again. On the Rosebud With Gyles Brandreth podcast, Ulvaeus revealed that the pop icons’ latest appearance together for their Swedish knighthood may have been their last public get-together. The band received the Royal Vasa Order from King Carl XVI Gustaf of the Swedish royal family for their contribution to music last month. Ulvaeus reve...
Euronews (English)
On the longest day of the year, countries around the world hold joyous, ritualistic and mystic celebrations. But there’s one nation that seems to feel the greatest affinity with the summer solstice. Sweden explodes with midsummer festivities in June, many of which derive from centuries-old traditions. In 2024, Midsummer Eve falls on 21 June and in many places, there are celebrations throughout the whole weekend. Here’s why Swedes consider it the biggest celebration of the year. Why does Sweden celebrate midsummer?Sweden’s midsummer festivities began in the late Middle Ages when people celebrat...
Euronews (English)
Nasdaq Stockholm, Nasdaq Inc’s stock exchange in Sweden, has been fined 100 million Swedish kronor ($9.6 million) by the country’s financial watchdog, the Financial Supervisory Authority (Finansinspektionen), over deficiencies in monitoring insider trading violations. The regulatory body found flaws in how Nasdaq Stockholm conducted its trade monitoring during significant company events in 2021 and 2022. Deficiencies in trade monitoringThe investigation by the Financial Supervisory Authority revealed that Nasdaq Stockholm had shortcomings in its processes to prevent, identify, and report insid...
Invezz
Stockholm (AFP) - The role of atomic weapons has become more prominent and nuclear states are modernising arsenals as geopolitical relations deteriorate, researchers said Monday, urging world leaders to "step back and reflect". Diplomatic efforts to control nuclear arms also suffered major setbacks amid strained international relations over the conflicts in Ukraine and Gaza, the Stockholm International Peace Research Institute (SIPRI) said in its annual yearbook. "We have not seen nuclear weapons playing such a prominent role in international relations since the Cold War," Wilfred Wan, directo...
AFP
Two Swedish citizens who were released in a prisoner swap with Iran have been reunited with their families after they landed in Stockholm. European Union diplomat Johan Floderus and another man, Saeed Azizi, were released by Iran in exchange for an Iranian national convicted in Stockholm of committing war crimes over his part in 1988 mass executions in the Islamic Republic. Floderus and Azizi were met at the airport by Sweden's prime minister Ulf Kristersson and foreign minister Tobias Billström. Kristersson posted on X that the two men had been reunited with their families, ending his post wi...
Euronews (English)
The commander of Sweden's air force posted on Saturday that a Russian military aircraft violated Swedish airspace on Friday east of Gotland. "The Russian act is unacceptable and shows a lack of respect for our territorial integrity," commander of the Swedish Air Force, Jonas Wikman, posted on X. Sweden formally joined NATO as the 32nd member of the transatlantic military alliance in March. It ended decades of post-World War II neutrality and centuries of broader non-alignment with major powers as security concerns in Europe have spiked following Russia’s 2022 invasion of Ukraine. Sweden, along...
Euronews (English)
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