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Trump Sees 50% Chance of EU Customs Agreement
USA's president Donald Trump is traveling to Scotland where he, among other things, will meet the EU Commission's chairman Ursula von der Leyen. He puts the chance of a customs agreement with the EU at 50 percent.
Meta Halts Political Ads in EU Due to New Regulations
Meta, which is behind Facebook and Instagram, stops with political advertisements within the EU. New rules make it too complicated and uncertain, claims the American technology giant.
EU Plans Tariffs on Norwegian Steel Components
EU is planning tariffs on Norwegian steel components, as a protective measure, reports the Norwegian public service channel NRK. .
Niclas Kvarnström Appointed as New National Security Adviser
The Ministry for Foreign Affairs diplomat Niclas Kvarnström will become new national security advisor, confirms the Government Offices. He will be the third on the post in less than a year.
Zelenskyj Approves New Bill to Strengthen Ukraine's Anti-Corruption Agency
Ukraine's president Volodymyr Zelenskyj backtracks on the criticized law amendment – and has now approved a new bill that will preserve the independence of the country's anti-corruption agency. .
Sweden's Climate Minister Unconcerned About Potential Lawsuits
Minister for the Environment and Climate Romina Pourmokhtari is not worried that Sweden will end up in complicated legal processes after this week's message from the International Court of Justice (ICJ) – where it was established that all countries are obliged to work to reduce greenhouse gas emissions. .
Kneecap Banned from Hungary for Three Years Over Festival Performance
The Hungarian government forbids the Irish rap group Kneecap to play at the Sziget festival in Budapest on August 11. In addition, they issue a three-year entry ban.
Over 150 Jobs Could Be Exempt from Sweden's Proposed Salary Rule
Engineers, nurses and maintenance technicians – these are three professions that can be exempted from the proposed salary requirement for labor immigration. This is evident from a list that the Migration Agency and the Employment Service have submitted to the government.
US-EU Tariff Negotiations Enter Critical Phase, Says Swedish Minister
Sweden voted yes when EU countries approved countermeasures against the USA's tariffs worth over 1,000 billion kronor. Intensive negotiations are underway to reach a trade agreement before the end of the month.
Lower Tariffs Drive Stockholm Stock Exchange Gains
The Stockholm stock exchange continues the upward trend. At the close on Thursday, the broad OMXS index had risen 0,4 percent – in line with global stock market gains.
China-Russia Relations Key for EU Cooperation
Beijing and Brussels have agreed to lead the world in the fight against climate change at a time when the US, under Donald Trump, is withdrawing during a summit in Beijing. The "decisive factor" for the EU in the cooperation is now China's relationship with Russia.
Thailand and Cambodia Urged to De-escalate Border Tensions
The Thai air force has attacked military targets in Cambodia in connection with the clashes in a disputed border area between the countries. At least eleven Thai civilians have been killed, including children, according to Thai authorities.
EU and US Near 15% Tariff Agreement to Avoid Higher Duties
Washington and Brussels are close to an agreement where goods with certain exceptions from the EU will be subject to 15-percent import duties in the US from August 1, sources tell the Financial Times. .
Zelenskyj Proposes New Bill to Preserve Ukraine's Anti-Corruption Agency
After a massive wave of criticism, Ukraine's president Volodymyr Zelenskyj presents a new bill that is to preserve the independence of the country's anti-corruption agency, he writes on Telegram. At the same time, thousands of Ukrainians continue to protest against the government in Kyiv on Wednesday evening.
Ukraine Limits Independence of Anti-Corruption Agencies
Ukraine abolishes the independence of two authorities that work to combat corruption within the government apparatus. The move "will stop all investigations linked to the president's friends", warns an anti-corruption organization at the same time as demonstrators take to the streets.
US Stock Markets Bolstered by Optimism Amid Tariff Concerns
In the midst of a turmoil of tariff threats, geopolitical uncertainty and warnings of trade wars, American stock exchanges seem to be steadily navigating the storm. Hopes that the tariffs Trump has threatened with will not materialize are giving them wind in their sails, believes Elisabet Kopelman, US economist at major bank SEB.
EU-US Tariff Talks Reach Most Sensitive Stage
The negotiations on tariffs between the EU and the USA are in their most sensitive stage, says Olof Gill, spokesperson for the EU Commission on trade issues. All negotiations are psychology, says Olof Gill to TT.
Swedish Companies Frequently Call Customs Hotline Over US Tariffs Concerns
Almost daily, the National Board of Trade's customs duty hotline receives calls from small and large companies in Sweden. The calls come from companies that are worried about customs duties that have already been introduced, for those that Trump has indicated he will introduce – and for the EU's countermeasures.
EU Faces Urgent Trade Balance Challenge with China Ahead of Beijing Summit
Trump's tariffs increase the pressure on the EU to find a good trade balance with China, notes SEB's senior economist Robert Bergqvist ahead of Thursday's summit in Beijing. It is very urgent to find this right balance, in the relationship between the EU and China.
Sweden and 24 Nations Urge Immediate End to Gaza Conflict
Sweden has, together with 24 other countries and the EU, signed a joint statement that urges a stop to the war in Gaza. The statement has been signed by the countries' foreign ministers, including Maria Malmer Stenergard (The Moderate Party).
Sweden Secures Exemptions for Five Goods from EU Tariff List
Five products from Swedish industry are now being removed from the countermeasure package that the EU plans to implement if the USA introduces 30-percent tariffs on August 1. - That we got it through has saved jobs within Swedish industry, says Minister for Foreign Trade Benjamin Dousa (The Moderate Party) to TT.
Stockholm Stock Exchange Opens Week with Slight Gains
The Stockholm stock exchange started the trading week slightly up. The broad OMXS index rose 0.
EU Leaders to Meet President Xi in China for Summit
The European Commission President Ursula von der Leyen and the President of the European Council António Costa are traveling to China for a summit on Thursday, confirms Beijing. "President Xi Jinping will meet them", announces China's Foreign Ministry in a statement.
EU Weighs Tariffs on Shein and Temu Amid Rule Breach Concerns
EU is considering punitive tariffs against Chinese Shein and Temu as a result of the investigation into low-price companies due to suspicions of breaches of the union's rules, reports The Guardian. The EU's Justice Commissioner says they are "shocked" by what the investigation has so far been able to clarify.
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Sweden Herald
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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