Fed minutes point to another interest rate hike before year-end
Minutes from the US Federal Reserve’s latest policy rate decision show that members believe interest rates will rise further before the end of the year.
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Wall Street Pulls Back From Record Highs on Inflation and Rate Concerns
Inflation and interest rate concerns caused the New York Stock Exchange to retreat on Wednesday from the previous day’s record levels.
Business
Ikea Reorganization Puts 60 Jobs at Risk in Älmhult and Cuts 15 Roles in Uppsala
The Ikea department store chain is carrying out a reorganization that will lead to job cuts at two locations. Around 60 positions at Ikea in Älmhult are at risk, according to a notice.
Business
Ferry Continued Carrying Passengers After Losing One of Its Two Rudders, Report Says
The SL ferry Nämdöfjärd lost one of its two rudders, which came loose and disappeared. Despite this, the shuttle ferry was allowed to continue operating and carrying passengers, TV4’s Kalla fakta (Cold Facts) reports.
Business
Finland Proposes Raising Retirement Age to 70, Starting in 2032
The Finnish government is proposing to raise the retirement age to 70. The measure is one of several proposed cuts to public spending.
Business
EU Weighs Import Limits on Chinese Hybrid Cars Amid Pressure on European Automakers
The EU is considering measures to limit imports of Chinese hybrid cars, Bloomberg reports.
Cars
Inflation Picks Up as Clothing, Energy and Housing Costs Rise in September
Inflation has started to pick up again. Rapidly rising energy prices and a weaker krona explain most of the price increases.
Business
EU to Unveil New Long-Term Budget Compromise Proposal on Saturday
A new compromise proposal for the EU’s next long-term budget will be presented on Saturday, according to Ireland’s presidency of the Council of Ministers.
Business- BusinessGerman Industrial Production Rises 2% in August, Beating Expectations
- BusinessNCC to Sell Industry Business for SEK 8.2 Billion
- BusinessSweden’s September Budget Deficit Comes in Below Forecast at SEK 23 Billion
- BusinessSweden’s Inflation More Than Doubles, November Rate Hike Expected
- BusinessStockholm Stocks Fall 1.6% as Rising US Bond Yields Weigh on Markets
- BusinessNordea Sees Sweden’s Economy Improving Across All Regions as Recovery Takes Hold
- BusinessJapan Raids Four Largest Beer Makers Over Suspected Price-Fixing Cartel
- BusinessAsian stocks fall as rising oil prices fuel market concerns
- BusinessGoogle ordered to halt work on planned Finland data centers over environmental concerns
- BusinessSweden Democrats Seek Support to Extend Fuel Tax Cuts and Prevent Sharp Price Rise
- BusinessJohan Torgeby steps down as SEB CEO after nearly 10 years, Jonas Ahlström named acting chief executive
- BusinessParamount Skydance Completes $110 Billion Deal to Buy Warner Bros. Discovery
- BusinessFrance Braces for Prolonged Battle Over 2027 Budget as Market Risks Rise
- TechnologyWall Street Hits Record Highs as US Treasury Yields Fall and Tech Stocks Rally
- BusinessEU Council president discusses long-term budget with Sweden’s Kristersson ahead of Brussels summit
- TechnologyASOS hacked as attackers threaten customers through app notifications
- BusinessSwedish Financial Regulator Warns of 30 Suspected Investment Scams
- CarsUsed-Car Sales Fall as Demand for Electric Cars Rises, Statistics Show
- BusinessSweden Inflation Forecast to More Than Double in September as Energy Costs Rise
- BusinessLO and PTK threaten December strike over occupational pension demands
- BusinessGerman Industrial Orders Fall 10.6% in August, Far More Than Expected
- BusinessRising US Interest Rates Squeeze Highly Leveraged Companies as Missed Payments Increase
- TechnologyDNB to cut 400 jobs as AI reshapes how Norway’s largest bank operates
- BusinessStockholm Stocks Rise 0.8% as Saab Falls 4.1% in a Mixed Trading Day
- BusinessNorway plans to raise fixed electricity price to 56 øre per kWh in 2027
- BusinessAsian Markets Mostly Rise in Tuesday Trading, With Japan and Hong Kong Up
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