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Inflation expected to fall – now below target
The upward pressure on consumer prices has decreased. For June, a significant drop in Swedish inflation is expected to be reported by the Statistics Sweden (SCB).
Windfall for Russian Oligarchs
Large Russian companies have this year increased or resumed previously suspended dividend payments to their owners. The billion-dollar dividend payments indicate a decreased concern in the Russian business community about the economic effects of the invasion war against Ukraine.
Unexpectedly low job figure from USA
150,000 new jobs were created in the private sector in the USA in June, according to monthly statistics from the payroll administrator ADP. It was fewer than expected and can be compared to 157,000 new jobs in the sector in May according to revised figures.
AI can devour Google's climate goals
Google's goal of reducing its emissions to zero by 2030 will be very difficult to achieve – the development of AI is consuming more and more energy, which increases emissions. This is evident from an environmental and climate report from Alphabet, Google's parent company.
Error in data behind massive increase in young people living at home
At the end of June, Eurostat published statistics on the proportion of young people living at home in different EU countries. But the Swedish data that formed the basis for the compilation was incorrect.
Danske Bank raises profit forecast
The Danish major bank Danske Bank – number five on the Swedish bank market – is raising its profit forecast for 2024. The net profit for the full year is expected to be 21–23 billion Danish kronor, which can be compared to an earlier forecast of 20–22 billion.
Setback for industrial production in the eurozone
Industrial production in the eurozone fell by 0. 1 per cent in April compared to the previous month, according to statistics agency Eurostat.
Cool response to British TV duel
Rishi Sunak went up in Wednesday's TV duel against Keir Starmer, pressed to win votes. But the audience remained cool towards both party leaders.
New type of Spotify subscription on the way
The streaming service Spotify is to launch a new tier on its premium subscriptions for its most frequent listeners later this year, reports news agency Bloomberg, citing a source. For a price tag of 5 dollars per month (equivalent to just over 50 kronor), Spotify will offer higher sound quality and new tools for creating playlists and managing music catalogues.
Spotify raises prices – in the USA
Spotify raises prices in the US, its largest market, in July. The New York-listed Spotify stock jumps 5% in pre-market trading on Wall Street after the announcement.
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Stay informed with the latest news and updates from Sweden in English. From daily news and events happening now, to recaps of what happened in Sweden last night, our coverage keeps you updated. Swedish news today.
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