Ericsson and Refugees United announce Global Hack for Good to connect refugees to missing families

General Sources - Monday 20th May, 2013

STOCKHOLM, SWEDEN--(Marketwired - May 20, 2013) - * First-of-a-kind event will rally global tech community around a common goal: creating technical solutions that help refugees find lost family * Three weekend challenges in Cairo, Egypt; San Francisco, USA; and Nairobi, Kenya * Winners to be announced on World Refugee Day, 20 June In order to raise awareness of the plight ...

Swedish Banks Get No Mercy as EU Agenda Ignored Nordic Credit

General Sources - Monday 20th May, 2013

Swedish Finance Minister Anders Borg said he won't cave to pressure from banks or the European Union to harmonize standards and insists capital ratios in the largest Nordic economy need to be higher than those elsewhere. "We will push ahead with higher capital requirements," Borg said in an interview in Stockholm. "We won't take any risks regarding ...

Swedish AP Funds’ Ethical Council releases 2008 report

European Pensions - Monday 20th May, 2013

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 ...

Second Swedish Pension Fund takes huge tumble

European Pensions - Monday 20th May, 2013

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 ...

Swedish pension funds sell cluster-bomb holdings

European Pensions - Monday 20th May, 2013

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 ...

Dim outlook for Nordic economies

European Pensions - Monday 20th May, 2013

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 ...

Operational risk top priority for Nordic funds

European Pensions - Monday 20th May, 2013

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 ...

Swedish pension fund pulls out of cluster bombs

European Pensions - Monday 20th May, 2013

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 ...

Swedens AP funds update

European Pensions - Monday 20th May, 2013

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 ...

Swedish companies avoid the red

European Pensions - Monday 20th May, 2013

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 ...

SCA Implements Compulsory Redemption of Shares

General Sources - Monday 20th May, 2013

STOCKHOLM--(BUSINESS WIRE)-- SCA (STO:SCAA) (STO:SCAB) will implement a compulsory redemption of the minority shares outstanding in its German subsidiary SCA Hygiene Products SE (Societas Europeas), formerly PWA. The value of the shares is approximately SEK 1,000m, according to an independent valuation. Following SCA's acquisition of PWA back in 1995, a large minority stake ...

Youths burn 100 cars in violent Stockholm riots

The Local - Monday 20th May, 2013

Violent youths rioted in northern Stockholm on Sunday night, setting fire to cars and throwing rocks at police, in what is believed to be a protest against the fatal police shooting of a machete-wielding man in the suburb last ...

Europeans make up a large family says study

Pravda - Sunday 19th May, 2013

In Europe, nearly everyone is related. A new genetic analysis showed that Europeans have a high degree of relatedness between themselves and are descendants of a group of ancestors who lived only a thousand years ago. The study examined the genetic proximity between residents of 39 countries over the past three thousand years to compare the genetic sequences of two thousand ...

Henrik Sedin leads Sweden to gold at Worlds with 5-1 win over Switzerland

Vancouver Sun - Sunday 19th May, 2013

Team USA's Alex Galchenyuk scores the winning shootout goal against Finland goalie Antti Raanta during bronze medal final action at the world hockey championship in Stockholm, Sweden, on Sunday, May 19, 2013. THE CANADIAN PRESS/Jacques ...

Sweden rolls by Swiss wins world championship

General Sources - Sunday 19th May, 2013

Martin Rose/Getty Images STOCKHOLM (AP) -- Sweden became the first home team to win the world hockey championships in 27 years, beating Switzerland 5-1 on Sunday for its ninth title. Vancouver Canucks star Henrik Sedin had two goals and an assist, and Buffalo Sabres goalie Jhonas Enroth made 26 saves to help Sweden become the first team to win the title on home ice since the Soviet ...

Sweden romps against Switzerland wins world title

General Sources - Sunday 19th May, 2013

Martin Rose/Getty Images STOCKHOLM (AP) -- Sweden became the first home team to win the world hockey championships in 27 years, beating Switzerland 5-1 on Sunday for its ninth title. Vancouver Canucks star Henrik Sedin had two goals and an assist, and Buffalo Sabres goalie Jhonas Enroth made 26 saves to help Sweden become the first team to win the title on home ice since the Soviet ...

Eurovision Song Contest 2013 as it happened

The Telegraph - Sunday 19th May, 2013

Arthur House follows the action live as Bonnie Tyler represents the UK in the live grand final of the Eurovision Song Contest 2013 in ...

Ice hockey-Sweden thump Switzerland to win world championship

General Sources - Sunday 19th May, 2013

ice hockey world championship on home ice on Sunday. The Swedes' victory snapped a nine-game winning streak that carried the unfancied Swiss all the way to their first final since 1935. The Swedes were made to work hard in the beginning and fell behind in the fifth minute when tournament MVP Roman Josi cut across the ice before slotting a backhand shot between the legs of Swedish goalie ...

Swedish family stranded in LA following family emergency

General Sources - Sunday 19th May, 2013

Carson sheriff's deputies and personnel from the Los Angeles County Sheriff's Reserve Forces Bureau provided a stranded Swedish family of seven with food and hotel accommodations after they were spotted walking up Sepulveda Boulevard in Torrance on Friday, May 17, ...

Stranded Swedish family of seven heading back home thanks to Carson sheriffs deputies reserves

Daily News - Sunday 19th May, 2013

A stranded Swedish family of seven, made penniless by airfare changes due to a family emergency, should be on its way home today, Sunday, May 19, 2013, thanks to sheriff's deputies and reservists sympathetic to their plight. Carson station deputies and personnel from the Los Angeles County Sheriff's Reserve Forces Bureau chipped in donations for the family to provide them with food, ...

Tre Kronor are world hockey kings - Swedes beat Swiss for gold

CBC News - Sunday 19th May, 2013

Henrik Sedin scored twice on Sunday as Sweden won the gold medal at the IIHF World Hockey Championship with a 5-1 victory over Switzerland. Earlier, the United States beat Finland 3-2 in a shootout to win bronze. Erik Gustafsson, Simon Hjalmarsson and Loui Eriksson also scored for Sweden, which became the first country to win the title at home since the Soviet Union in 1986. Roman Josi opened ...