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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.
Global Oil Investment Decline Predicted for This Year, Says IEA
The oil industry's investments are falling for the first time in a long time, according to the organization IEA. President Trump's appeal "drill baby drill" is going poorly – ten percent of the investments in the USA are expected to fall this year.
US Restricts Chip Design Software Sales to China
The US government is preventing American companies selling technology crucial for the manufacturing of data chips from selling their services to China, according to sources for the Financial Times. .
EU to Conduct Stress Test on Non-Banking Financial Sector
The EU's supervisory authorities are planning to conduct a stress test to detect vulnerabilities in the financial system outside the banking sector, reports Financial Times. The test reflects a growing concern about the rapid growth of less regulated players such as venture capital companies and hedge funds.
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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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