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Nvidia and Wallenberg Collaborate on AI Supercomputer in Sweden
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Nvidia and Wallenberg Collaborate on AI Supercomputer in Sweden

The American tech giant Nvidia is to open an AI center in Sweden. Large Swedish companies such as Astra Zeneca, Saab, SEB and Ericsson will participate in the operations
Trump Declines EU Trade Agreement Amid Tariff Dispute
Business NewsTop News

Trump Declines EU Trade Agreement Amid Tariff Dispute

USA's President Donald Trump says that he "does not seek a settlement" with the EU on tariffs. The EU's Trade Commissioner Maros Sefcovic writes on the other hand that the EU continues to seek an agreement with the US
Strategist Warns of Rising Risk Amid US Budget Deficit and Debt
Business News

Strategist Warns of Rising Risk Amid US Budget Deficit and Debt

The USA's budget deficit and national debt are expected to deteriorate with the Trump administration's disputed tax cuts, now halfway through Congress. The interest rate chill is spreading on the market and an increasing number of professionals are raising warning flags
Major Banks Differ on Swedish Interest Rate Cuts for 2023
Business News

Major Banks Differ on Swedish Interest Rate Cuts for 2023

There is great uncertainty surrounding the interest rate development during the year. Handelsbanken and Swedbank are counting on two cuts
Rising Food Prices: Coffee Costs Surge by 42 Percent
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Rising Food Prices: Coffee Costs Surge by 42 Percent

The increase in food prices accelerated further in April. It has become 42 percent more expensive, according to new SCB figures
Stock Market Pauses Amid Trade War News as SBB Soars 40 Percent
Business News

Stock Market Pauses Amid Trade War News as SBB Soars 40 Percent

The strong price increases have ebbed out after Monday's announcement about a pause in the trade war between China and the USA. The OMXS index, like leading European stock exchanges, closed near zero – The real estate company SBB rocketed 40 percent
Fake Online Purchases Worth Millions Blocked by Authorities and Banks
Sweden News

Fake Online Purchases Worth Millions Blocked by Authorities and Banks

The police, the Consumer Agency and the four major banks have together stopped thousands of purchases on fake online stores by starting to share information with each other. The collaboration, which took place at the end of the year, led to the total amount stopped being tens of millions of kronor higher than before
Trade Agreement Between US and UK Faces Uncertainty, Says Economist
Business News

Trade Agreement Between US and UK Faces Uncertainty, Says Economist

The trade agreement between the USA and the United Kingdom can best be described as a symbolic move with a limited economic value, according to economist Robert Bergqvist. This is a framework filled with too many question marks
Economists Split on Potential Swedish Interest Rate Cut
Business News

Economists Split on Potential Swedish Interest Rate Cut

Even if the Central Bank keeps the door open for an interest rate cut further ahead, Nordea's chief economist Annika Winsth is doubtful about whether it will happen. SEB's chief strategist Olle Holmgren, on the other hand, believes increasingly strongly in a cut as early as June
Economists Split on Possible Interest Rate Cut by Swedish Central Bank
Business News

Economists Split on Possible Interest Rate Cut by Swedish Central Bank

Even if the Central Bank keeps the door open for an interest rate cut further ahead, Nordea's chief economist Annika Winsth is doubtful about whether it will happen. SEB's chief strategist Olle Holmgren, on the other hand, believes increasingly strongly in a cut as early as June
Swedish Inflation Too High for Central Bank to Cut Rates
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Swedish Inflation Too High for Central Bank to Cut Rates

Inflation remained unchanged in April at 2. 3 per cent
Swedish Central Bank Lowers Interest Rate Twice This Year to 1.75%
Business News

Swedish Central Bank Lowers Interest Rate Twice This Year to 1.75%

The Swedish Central Bank lowers the interest rate twice this year, down to 1. 75 percent in September, according to a new forecast from Swedbank's economists
Stockholm Stock Exchange Rises Despite Evolution's 19% Stock Plunge
Business News

Stockholm Stock Exchange Rises Despite Evolution's 19% Stock Plunge

Walpurgis Eve's shortened trading day ended with a clear increase for the Stockholm Stock Exchange. The worse it was then for the live casino company Evolution
SEB CEO Warns New Bank Tax Could Impact Loan Costs and Returns
Business News

SEB CEO Warns New Bank Tax Could Impact Loan Costs and Returns

Just over a year before the next parliamentary election, the Social Democrats are repeating their proposal for a new tax on banks' interest income – to create room for welfare investments. The bill for such a tax would be passed on to, among others, mortgage borrowers, pension funds, and foundations, according to Johan Torgeby, the CEO of the major bank SEB
SEB Shares Drop Amid Unexpectedly High Credit Losses
Business News

SEB Shares Drop Amid Unexpectedly High Credit Losses

The major bank SEB reports an operating profit in line with market expectations. However, the credit losses increase unexpectedly sharply and the outlook is clouded by great uncertainty in the shadow of the Trump administration's trade war
SKF and Kinnevik Lead Gains in a Declining Stockholm Stock Market
Business News

SKF and Kinnevik Lead Gains in a Declining Stockholm Stock Market

The Stockholm Stock Exchange started the week's trading with a slight decline of 0. 1 percent
Few Clear Losers in Swedish Companies' Report Season So Far
Business News

Few Clear Losers in Swedish Companies' Report Season So Far

Two weeks of report flood have so far not revealed any clear losers among Swedish listed companies. The order intake has actually been quite good in many cases
Experts Diverge on Future Swedish Interest Rate Changes
Business News

Experts Diverge on Future Swedish Interest Rate Changes

On the interest rate market, the actors assume two cuts in the Swedish Central Bank's benchmark rate this year. But among the major banks' forecasters, there is a significant spread when it comes to the benchmark rate right now
Major Swedish Banks See Profit Decline in 2024 Report
Business News

Major Swedish Banks See Profit Decline in 2024 Report

ECB Lowers Rates Again, More Cuts Expected This Year
Business NewsTop News

ECB Lowers Rates Again, More Cuts Expected This Year

The European Central Bank (ECB) is lowering its interest rates for the seventh time since June last year. And more rate cuts are expected during the year, which could open up for interest rate cuts also in Sweden
Economists Critique Spring Budget as Outdated Amid Tariff Challenges
Business News

Economists Critique Spring Budget as Outdated Amid Tariff Challenges

The Government's spring budget is cautious and does not take into account Donald Trump's tariff shock, leading economists believe. The ROT deduction may not be what one should focus on first, believes Lars Calmfors, professor emeritus, regarding the largest investment of 4 billion kronor
Spring Budget Offers Limited Relief for Household Finances
Business NewsTop News

Spring Budget Offers Limited Relief for Household Finances

Despite the turbulent economic situation, there is a lack of good wallet news in the spring budget. It can mean a lot for some households, says Shoka Åhrman, savings economist at SPP
Swedish Exporters Face Uncertainty Amid Trump's Tariff Impact
Business News

Swedish Exporters Face Uncertainty Amid Trump's Tariff Impact

The stronger krona is expected to have hit hard against Swedish export companies during the first quarter. But what is waiting around the corner is more unclear than in a long time after Trump's tariff shock
Spring Budget Offers Limited Relief for Household Finances
Business NewsTop News

Spring Budget Offers Limited Relief for Household Finances

Despite the turbulent economic situation, there are still few good wallet news in the spring budget. It can mean a lot for some households, says Shoka Åhrman, savings economist at SPP
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