Economics

Petter Northug’s Janteloppet ski race declared bankrupt, trustee says it ran at creditors’ expense for two years

Ski star Petter Northug’s Janteloppet has gone bankrupt, Norwegian newspaper Finansavisen reports.

Apple shares fall 3.1% despite beating earnings expectations as New York stocks rise

Trading on the New York Stock Exchange mostly started on a high note. But two technology companies, including giant Apple, dampened the mood after reporting quarterly results on Monday evening.

Sweden’s October electricity subsidy delayed until next year, Busch says

A detached house with direct electric heating in southern Sweden could receive around SEK 100 in electricity subsidies for October, according to Energy Minister Ebba Busch (KD). But the payment will be delayed until next year, as the government wants to combine it with any subsidies for November and December.

Stockholm Stock Exchange Ends Lower After Volatile Trading, OMXS Down 0.1%

The Stockholm Stock Exchange’s broad OMXS index first fell, then rose, before turning down again. It closed down 0.1 percent.

Australia Raises Key Interest Rate to Highest Level in 18 Years at 4.85%

The Reserve Bank of Australia has raised its key interest rate again. The new rate, 4.85 percent, is the highest in 18 years.

Lufthansa Cuts Profit Forecast Again as High Fuel Costs Hit Airline Industry

German airline giant Lufthansa has lowered its profit forecast due to high fuel prices.

NCC’s order intake rises for fourth straight quarter amid brighter economic outlook

Seven in 10 students say their finances are good, CSN survey finds

The concept of the “poor student” may be less relevant today. Seven out of ten students rate their finances as “fairly good” or “very good”, according to a new report from CSN.