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FI: AI boom is vulnerable
Business News

FI: AI boom is vulnerable

High expectations for AI have driven up stock markets and a correction risks, in the worst case, triggering global financial stress, warns the Swedish Financial Supervisory Authority in its stability report.
Alarm: Companies violate Russian sanctions
Business NewsTop News

Alarm: Companies violate Russian sanctions

There is probably a large export from Sweden to Russia in violation of EU sanctions. While direct exports to Russia have plummeted, exports to neighboring countries have exploded, a report from nine Swedish authorities shows
Suspicions against fired Intellego CEO have been strengthened
Business News

Suspicions against fired Intellego CEO have been strengthened

Suspicions against the research company Intellego Technologies' fired CEO Claes Lindahl for gross fraud have been strengthened after last week's crackdown, Attorney General Thomas Hertz told Dagens Industri.
Stock market halt in Intellego continues - no information available
Business News

Stock market halt in Intellego continues - no information available

The stock market halt in Intellego will remain in place, the Swedish Financial Supervisory Authority (FI) has decided. The information is far too incomplete, according to the authority
FI warns of meme stocks: "Going downhill quickly"
Business News

FI warns of meme stocks: "Going downhill quickly"

Recently, some so-called meme stocks have seen brutal falls. Now the Swedish Financial Supervisory Authority (FI) is warning about the risks of these stocks, which often attract young investors
Did bad credit checks – get fined
Business News

Did bad credit checks – get fined

Avida Finans has given loans without checking whether the borrower can repay them. Now the finance company is being fined 20 million kronor by the Swedish Financial Supervisory Authority (FI)
Banks unclear when mortgage discount will expire
Business News

Banks unclear when mortgage discount will expire

Banks are required to inform their customers at least one month before the interest rate discount on mortgages expires. However, Ekonomiekot reports that the banks are lacking in clarity
Still a large difference between mortgage rates
Business News

Still a large difference between mortgage rates

There are still large differences between the average mortgage interest rates of different banks. For a loan of 2 million, there can be a difference of 4,500 kronor per year, according to a compilation by the Swedish Financial Supervisory Authority
Preliminary investigation into "Pump and dump" is closed
Business News

Preliminary investigation into "Pump and dump" is closed

The Swedish Economic Crime Authority is closing its preliminary investigation into pump and dump fraud, they announced in a press release.
Expensive funds will cost you thousands of dollars
Business News

Expensive funds will cost you thousands of dollars

A fund saver can lose hundreds of thousands of kronor by choosing funds with high fees – funds that rarely provide better returns.
Linn Svahn Relieved by Ban on Russian Skiers for Olympics
Sports News

Linn Svahn Relieved by Ban on Russian Skiers for Olympics

There will be no Russian cross-country skiers in the Olympic Games in February. Linn Svahn stands firm that she could have boycotted the games if Russia had been allowed in
Swedish Investors Targeted by International Stock Fraudsters
Business NewsTop News

Swedish Investors Targeted by International Stock Fraudsters

With refined methods, fraudsters abroad have managed to deceive thousands of Swedish small investors of large amounts in so-called "pump and dump" schemes. What we see now is a new type of approach, which is controlled from abroad
Russia to Appeal FIS Ban on Skiers from Olympics
Sports News

Russia to Appeal FIS Ban on Skiers from Olympics

Russia will appeal the decision to exclude Russian cross-country skiers from the Olympic Games.
Russia Blames Scandinavian Lobby for Olympic Exclusion
Sports News

Russia Blames Scandinavian Lobby for Olympic Exclusion

The decision to stop Russia's participation in the Olympic Games in Milan has not fallen on good ground. Now the national team is directing its anger towards Norway and points them out as responsible for the exclusion, reports VG
Russian Skiers Banned from Olympics Sparks Anger in Russia
Sports News

Russian Skiers Banned from Olympics Sparks Anger in Russia

Russian skiers are stopped from the Olympic Games in Milano – a fact that provokes anger in Russia. "Vladimir Putin is my president, and my country is always right", writes the Russian star Veronika Stepanova in a message to SVT
Russian and Belarusian Skiers Banned from 2024 Winter Olympics
Sports NewsTop News

Russian and Belarusian Skiers Banned from 2024 Winter Olympics

Russian and Belarusian skiers are not allowed to participate in the Olympic Games in Milano and Cortina in February. The decision has now been made by the International Ski and Snowboard Federation (Fis)
Linn Svahn's Boycott Stance on Russian Athletes Praised
Sports News

Linn Svahn's Boycott Stance on Russian Athletes Praised

Now Russian cross-country skiers can be let into the Olympic Games again. Sweden is strongly against it and Linn Svahn has opened up for a boycott if it becomes a reality
New Mortgage Rules May Increase Housing Prices, Experts Warn
Business News

New Mortgage Rules May Increase Housing Prices, Experts Warn

The Government wants to raise the ceiling for how large loans home buyers can take and soften the requirement for amortizations. The Central Bank, National Debt Office and National Institute of Economic Research (NIER) are among those who warn of risks with the proposals
Swedish Skiers Criticize New Tour de Ski Format as Unfair
Sports News

Swedish Skiers Criticize New Tour de Ski Format as Unfair

There will be news in the cross-country skiing World Cup this winter. But one of the changes – a completely new Tour de Ski format – makes the skiers wrinkle their noses
Eight Suspected of Insider Trading as SEB Faces Investigation
Business News

Eight Suspected of Insider Trading as SEB Faces Investigation

Eight people are suspected of serious insider crimes before the major bank SEB sold large holdings of EQT shares, according to the Economic Crime Authority (EBM) The Financial Supervisory Authority (FI) is simultaneously initiating an examination of SEB's work against insider trading.
Ericsson Surges 18 Percent Amid Sideways Stockholm Stock Market
Business News

Ericsson Surges 18 Percent Amid Sideways Stockholm Stock Market

The Stockholm stock exchange was traded sideways on Tuesday, just like the day before. The broad OMXS index closed at plus 0
Ski Association Reverses Decision on Gender Testing
Sports News

Ski Association Reverses Decision on Gender Testing

International Ski Federation (FIS) recently announced that they will introduce gender testing. Now the federation is backtracking
Financial Supervisory Authority Highlights Risks with Finfluencers
Business News

Financial Supervisory Authority Highlights Risks with Finfluencers

The Financial Supervisory Authority (FI) is launching an initiative to inform both followers and individuals who provide financial advice in social media.
Sweden Targets Illegal Hawala Transfers to Curb Gang Activity
Business News

Sweden Targets Illegal Hawala Transfers to Curb Gang Activity

The police are sounding the alarm that money transfers through the hawala system are being used on a large scale by the gangs. To address the problem, the government is now considering making it punishable to conduct hawala operations without a permit
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