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Italy Approves Bridge to Sicily, Boosting NATO Infrastructure
Italy's government approved today the plans to build a bridge between Villa San Giovanni on the Italian mainland and Messina on Sicily. The bridge plans have existed for over 50 years.
TSMC Discovers Potential Information Leak in AI Chip Division
AI chip manufacturer TSMC, which is a subcontractor to, among others, Nvidia and Apple, has discovered a possible information leak, reports Bloomberg. The company states that they discovered the leak early and that several former employees have been fired.
Switzerland Seeks Improved Trade Deal with USA After Tariff Hike
Right on time for the national day celebrations on Friday, Switzerland received the message from the USA that the country will get among the highest customs rates in the world. Now, the Swiss government says it is firmly determined to get the USA to change its mind in the trade issue.
EU-US Customs Agreement Faces Criticism from European Leaders
It has barely been a day since the USA and EU agreed on a new customs agreement. But already criticism of the agreement is coming from several directions within the EU.
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.
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. .
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.
JP Morgan Considers Allowing Crypto as Loan Collateral
JP Morgan Chase & Co has made a U-turn and is now considering allowing customers to use crypto assets as collateral to get loans in the US major bank, reports the Financial Times newspaper, citing anonymous sources. .
Wall Street Dips as Trump Raises Tariff Demands in EU Talks
Wall Street ended the week's trading with a development that mainly pointed downwards – after source information claimed that the US President Donald Trump increases his demands in the tariff negotiations with the EU. .
Trump Raises Tariff Demands on EU in Trade Negotiations
USA's president Donald Trump raises his demands in the customs duty negotiations with EU, according to sources for Financial Times. He demands customs duties of at least 15–20 percent in an agreement.
Trump Advises Ukraine Against Attacking Moscow
Ukraine should not attack Moscow, says US President Donald Trump. This after reports that Trump in secret should have encouraged Zelenskyj to attacks far into Russian territory.
Starbucks Requires Office Return for Remote Employees
Report to the office at least four days a week, otherwise you may be offered compensation to resign. This is the coffee chain Starbucks' new requirement for its employees, writes Financial Times.
EU Prepares Countermeasures Against Trump's Proposed Tariffs
The President of the EU Commission Ursula von der Leyen writes on X that Donald Trump's threat to introduce 30-percent import duties against the EU would "harm businesses, consumers and patients on both sides of the Atlantic". .
EU-US Tariff Talks in Critical Phase, Says Trade Minister Dousa
The EU's negotiations on tariffs with the USA are in a "critical situation, hour by hour", according to Minister for Foreign Trade Benjamin Dousa. He assesses that Sweden is not particularly threatened by the new 50-percent tariffs on copper that the USA's president Donald Trump has announced.
EU and USA Near Temporary Tariff Agreement
The EU is, according to information to Financial Times, close to a temporary agreement with the USA regarding tariffs. .
Rishi Sunak Rejoins Goldman Sachs as Advisor
The former British Prime Minister Rishi Sunak, who resigned last year, returns to the American investment bank Goldman Sachs, reports Financial Times. .
German Social Democrats Face Internal Push for Closer Russia Ties
Nato is arming up to meet the Russian threat – but in some places discontent is growing. In the German Social Democrats, party forces are mobilizing to slow down the giant investment in defense and work for "detente and cooperation with Russia".
Iran Retains Significant Enriched Uranium Stockpile, Reports Suggest
Iran may retain large parts of its stockpile of enriched uranium according to preliminary intelligence to a number of governments in Europe, writes Financial Times. .
US Long-Term Bond Funds See Largest Outflows Since 2020
Funds with American government bonds with long maturities in the portfolio had a net outflow of almost 11 billion dollars during the second quarter, according to the newspaper Financial Times. .
Sweden Urges Faster NATO Defense Investment Increase
Nato aims to increase defense expenditures to five percent of GDP by 2035. We would have preferred 2030.
Daniel Ek Leads Investment in German Defense Company Helsing
Spotify founder Daniel Ek led the investment round when the German defense company Helsing raised 6 billion kronor, writes Financial Times. .
Silver Gains Attention as Gold Prices Surge
When the price of gold has soared, investors are starting to look at other alternatives. In the spotlight right now: silver and platinum.
Stockholm Exchange Falls Despite Low US Inflation
A slightly lower underlying inflation than expected in the USA in May was received positively on Wall Street. But the Stockholm stock exchange fell.
Scania Seeks Consortium to Acquire Northvolt R&D Facility
Truck manufacturer Scania wants to form a consortium to buy out the bankrupt Northvolt's research and development facility. In an interview with Financial Times, CEO Christian Levin states that Scania is in talks with other investors, including the Swedish government and the EU Commission, to buy out the part that went by the name of Northvolt Labs.
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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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