Latest Stockholm News
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Clapping is a contagious chain reaction
The amount of applause an audience gives after a performance is a "contagious" chain reaction where people are influenced by one another, and do not depend on the quality of the performance, a Swedish study has found. Scientists from the University of Uppsala have found that it takes a few people to start clapping for the applause to spread through a group, BBC reported. It similarly takes ...
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Swedish to introduce new plans for growth
After plans to increase of its Cherry Hill campus raised concerns among residents in the surrounding Squire Park neighborhood of Seattle, Swedish Medical Center will propose different expansion ...
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Stockholm men don skirts to beat heat
MALE staff on Stockholm's commuter trains have begun wearing skirts to circumvent a ban on shorts as sweltering heat hit the Swedish capital last week. Around 15 male train drivers and other staff wore skirts on the suburban Roslagsbanan train service, where temperatures inside the carriages can reach 35 degrees Celsius, transport company Arriva said yesterday. "Our policy is that ...
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Resilient Brazil peg back Sweden
UEFA Women's EURO on Twitter Sweden made the perfect start at the Sderstadion when Nilla Fischer headed in an Antonia Gransson corner in the sixth minute, and the two combined to produce the best of the home side's other chances in the game. However, the finals hosts were pegged back when Andressa levelled from the penalty spot.Sweden's strong start included not only the opening ...
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Di Canio signs Swede Karlsson
The 19-year-old has joined the Black Cats from IFK Goteborg for an undisclosed fee and has signed a four-year contract. Sweden Under-19 international Karlsson began his career at IFK Mariestad, but left for Goteborg, for whom he has made 10 appearances this season, in 2010 and picked up a Swedish Cup winners' medal last month. He will go into the development squad along with fellow new ...
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Proposal to build addicts-only zone in Swedish town tabled
A glass-enclosed area in downtown Falkoping, Sweden, giving alcoholics and drug users a place to socialize, was proposed and then tabled by local politicians. The proposal by two members of the Moderate Party called for a space akin to a bus shelter in the central square of the village of 13,000 where addicts could spend time with each other, not feel isolated from society and lessen their ...
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Iceland holds informal talks over possible Snowden asylum
STOCKHOLM (AFP) - Iceland said Wednesday it has held informal talks with an intermediary of US intelligence leaker Edward Snowden who reportedly may want to seek political asylum there."A representative of his has, to my knowledgehad some informal discussions with some employees of a couple of ministries, but no formal discussions," Prime Minister Sigmundur David Gunnlaugsson said ...
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Assange wont leave Ecuador Embassy even if Sweden drops charges
London, June 19 : WikiLeaks founder Julian Assange has said that he has been advised by his lawyers to not leave the Ecuadorian embassy even if Sweden drops charges against him fearing US extradition on espionage ...
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Sweden raises US$3b in Nordea stake sale
STOCKHOLM: Sweden has sold nearly half its remaining stake in Nordea, the region's biggest bank, raising US$3.0 billion (RM9.48 billion) which will be used to pay down debt as the centre-right government heads into an election next year. Sweden sold 260 million Nordea shares, raised from an original goal set on Tuesday of 230 million, due to what it called strong investor demand for the ...
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Woman convicted in L.A. train platform death
LOS ANGELES — A homeless woman has been convicted of second-degree murder in the death of an 84-year-old woman who was pushed off a Los Angeles train platform. Jackkqueline Pogue was found guilty late Tuesday shortly after her case was submitted to a jury. Pogue's lawyer said during the trial that she was an unmedicated schizophrenic who had been released from a hospital three days ...
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Fitch Withdraws Investment Grade Europe S.A.s Rating
Fitch: Market Moves Bring Bank Interest Rate Risks to Forefront The recent rise in U.S. Treasury yields and speculation surrounding possible changes in the Fed's bond buying program have highlighted the potential risks faced by U.S. banks in a rising rate environment, according to Fitch Ratings. A sustained increase in interest rates, potentially signaling an end to the prolonged low rate ...
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Sampo says bought no Nordea shares in Swedish sale
STOCKHOLM, June 19 | Wed Jun 19, 2013 10:48am EDT STOCKHOLM, June 19 (Reuters) - Finnish insurance group Sampo held back from buying more shares in biggest Nordic bank Nordea during a sale of stock by the Swedish state, a Sampo spokesman said on Wednesday. The Swedish government earlier completed a sale of 260 million shares at 75 crowns each to raise $3.0 billion. Sampo is the biggest ...
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City may build glass cage free-zone for addicts
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Strike disrupts bus service in Swedish capital
Stockholm (dpa) - A strike Wednesday disrupted bus service in Stockholm and two other Swedish cities as employers and unions failed to bridge differences over wages and employment conditions.About 1,400 bus drivers and other public transport workers were on strike.The labour dispute also impacted the northern city of Umea and Sodertalje, just south of Stockholm.Stockholm Public Transport ...
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Swedish AP Funds’ Ethical Council releases 2008 report
The Ethical Council of Sweden’s First to Fourth AP Funds has reported on 2008’s progress in its engagement with companies suspected of violating the ethical guidelines which preside over the four Funds’ investments, with success in several cases. When the Ethical Council identifies a breach of convention, it often indicates that a company has failed to acknowledge ...
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Second Swedish Pension Fund takes huge tumble
The Second Swedish National Pension Fund/AP2 has recorded a sharp fall in its market worth for 2008, amounting to a return of -24 per cent on net assets. The return value, SEK -55.1bn, meant the Fund’s capital assets totalled SEK 173.3bn at the end of December 2008, and had a net inflow of SEK 0.9bn. The capital asset value was SEK 54.2bn lower than in 2007. The drop has been ...
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Swedish pension funds sell cluster-bomb holdings
Holdings in companies that market cluster weapons are to be sold by the Second Swedish National Pension Fund (AP2) and Forsta AP-fonden (AP1). The decisions have been made on the recommendation by the Ethical Council of the Swedish National Pension Funds, a convention endorsed by Sweden in May 2008, and the First to Fourth Swedish National Pension Funds have been advised to exclude ...
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Dim outlook for Nordic economies
Nordic countries are facing an economic slowdown as stronger inflation and higher interest rates begin to take their toll, says Nordic and Baltic financial services group, Nordea. Economists at Nordea have predicted that these sluggish economies will not pick up until 2010, and warned that there are clear signs that the unemployment rate will rise in the future. Nordea’s ...
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Operational risk top priority for Nordic funds
Reducing operational risk and increasing support for new products were among the key concerns for Nordic institutional investors surveyed as part of a recent White Paper published by BNY Mellon Asset Servicing. The ...
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Swedish pension fund pulls out of cluster bombs
Swedish pension fund AP7 will sell all its holdings in companies making cluster bombs and nuclear weapons. The move by AP7, one of seven state-owned pension funds in Sweden, means holdings in Airbus parent EADS and US-based Lockheed Martin Corp. and General Dynamics Corp. will be sold. AP7 manages pension savings worth around 90bn kroner (about $15bn). The move follows news in April ...
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Swedish companies avoid the red
Swedish pension companies were given favourable evaluations by The Swedish Financial Supervisory Authority, Finansinspektionen (FI), in the Q2 2007 traffic light report. No insurance companies received a red light during that period, while pension companies as a whole – including life insurance companies and occupational pension funds – showed a larger margin to the red light ...
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Swedens AP funds update
Sweden’s AP1 – one of the buffer funds assigned by the Swedish Parliament to manage the Swedish people’s pension funds – has posted strong performance figures in both absolute and relative terms for the first half of 2007. The Forsta AP-fonden, which manages assets with a value of SEK 221bn, reported a total return on net assets of 6.3%, which is equal to SEK 1.3 bn ...
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EU probes SAS airline over state aid
The European Commission opened an in-depth probe on Wednesday to see if state aid given to Scandinavian Airlines by Sweden and Denmark conformed to EU ...
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Swedish bond auction volumes seen unchanged after Nordea share sale
STOCKHOLM, June 19 | Wed Jun 19, 2013 6:57am EDT STOCKHOLM, June 19 (Reuters) - The Swedish Debt Office said on Wednesday government bond auction volumes would remain unchanged following the government's sale of Nordea shares. Sweden sold nearly half its remaining stake in Nordea, the region's biggest bank, raising $3.0 billion which will be used to pay down debt. The lower ...
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Jeepers creepers your shoes hurt my peepers
In The Local's new Fashion Fix column on Swedish trends, Englishwoman Victoria Hussey gets up close and personal with shoes - namely "brothel creepers" from WWII that have been making a steady return ...
Stockholm Feature
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Much thought put into new crematorium for Stockholm
A new crematorium being built on a famous UNESCO World Heritage Site had an imposing reputation to live up to, for it is being built in a woodland cemetery planted and designed by two of Sweden’s greatest architects.
Stockholm is a city renowned for developing beautiful buildings, the city is regarded as one of the most beautiful in the world with its historical architecture preserved and blended in with the modern, displaying the legacy and the current status of the city as the heart of what was once a kingdom and is now Sweden. It is no wonder then a new crematorium being built in the city will combine state-of-the-art design with seamless beauty. Read more
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