News

Montse Tome named Spain`s women`s team coach after World Cup winner Vilda sacked Spanish Football Federation (RFEF) has announced that Jorge Vilda has been dismissed as the coach of the Spanish Women's Football team, with Montse Tome taking over the role. Tome, who served as Vilda's assistant since 2018, will lead the team in the upcoming UEFA Nations League matches against Sweden and Switzerland on September 22 and 26, respectively, Xinhua reports. Vilda had held his position since 2015. However, his tenure was marred by controversy when, in September 2022,...
Montse Tome named Spain`s women`s team coach after World Cup winner Vilda sacked
Montse Tome named Spain`s women`s team coach after World Cup winner Vilda sacked
Source: IANS
6/09/2023 11:13:26 AM
US remains atop in FIFA women's rankings The top five teams remained the same as the International Federation of Football Association (FIFA) newly released the women's rankings. The United States, Germany, Sweden, England and France are the top five teams on the rankings, which were refreshed after three months, reports Xinhua. A total of 101 international games were played during the span as teams are preparing for the upcoming FIFA Women's World Cup in Australian and New Zealand, which is to kick off on July 20. C...
US remains atop in FIFA women's rankings
US remains atop in FIFA women's rankings
Source: IANS
10/06/2023 10:00:25 AM
Swedish government lowers GDP forecast in 2023 spring budget The Swedish government has lowered its gross domestic product (GDP) forecast and declared the country to be in a state of recession in its spring amendment budget. The Swedish GDP is now expected to shrink by 1 per cent this year, which is worse than the previous forecast presented on December 22 last year, which projected a decrease of 0.7 per cent in 2023, reports Xinhua news agency. Finance Minister Elisabeth Svantesson said at a press conference on Monday that due to the highest inf...
Swedish government lowers GDP forecast in 2023 spring budget
Swedish government lowers GDP forecast in 2023 spring budget
Source: IANS
18/04/2023 10:42:48 AM
Food prices in Sweden record highest surge in 7 decades Food prices in Sweden surged over 20 per cent for the past 12 months, registering the highest increase in over seven decades, according to official data. Statistics Sweden said on Wednesday that food and non-alcoholic beverages became 20.95 per cent more expensive between February 2022 and February 2023, compared with the same period of the previous 12 months, reports Xinhua news agency. This is the biggest annual increase of food prices in Sweden since the beginning of the 1950s, it sa...
Food prices in Sweden record highest surge in 7 decades
Food prices in Sweden record highest surge in 7 decades
Source: IANS
16/03/2023 9:55:00 AM
Relaunch of damaged Swedish nuclear reactor delayed once again A damaged nuclear reactor in Sweden that was due to be restarted in mid-March has been hit by yet more delays, a local news agency reported. Ringhals 4 was originally scheduled to be relaunched November 2022, following repairs of a pressure vessel that was damaged in August. The restart date was first pushed back to January, then to February 24 and March 19, but the reactor will now not be operational until March 23, Xinhua news agency reported, citing a report by TT news agency. "...
Relaunch of damaged Swedish nuclear reactor delayed once again
Relaunch of damaged Swedish nuclear reactor delayed once again
Source: IANS
10/03/2023 3:11:48 PM
Sweden sees record surge in food prices Food prices have seen record month-on-month increases in Sweden, with baby food particularly affected, a survey showed. Covering around 44,000 items, the survey by price comparison site Matpriskollen found that food prices had increased by 2.5 per cent in February -- the highest monthly increase since 2015, Xinhua news agency reported. The survey also showed that baby food prices had increased on average by a staggering 10.8 per cent from January. "Many families cannot make ends...
Sweden sees record surge in food prices
Sweden sees record surge in food prices
Source: IANS
7/03/2023 4:37:23 PM
EU competitiveness ministers discuss green transition, single market The green transition and reinforcing the EU single market were the focus of talks among EU competitiveness ministers in Stockholm. Declining economic performance, the Russia-Ukraine conflict, the energy crisis, rising inflation and climate change are all affecting businesses in the EU, said Johan Forssell, Swedish Minister for International Development Cooperation and Foreign Trade, on Tuesday. "It's therefore important to develop the single market and drive the green transitio...
EU competitiveness ministers discuss green transition, single market
EU competitiveness ministers discuss green transition, single market
Source: IANS
8/02/2023 12:39:30 PM
Swedish pension funds invest in cryptocurrency: Media  Swedish public pension funds have invested hundreds of millions of kronor in a cryptocurrency company that has lost 87 per cent of its share value, Swedish daily Dagens Nyheter (DN) reported. Four public pension funds, which manage the pension money on behalf of the Swedish public, have invested more than 200 million Swedish kronor ($19 million) in Coinbase, a cryptocurrency trading company, according to the report published on Saturday. Details of how many shares have been bought...
Swedish pension funds invest in cryptocurrency: Media
Swedish pension funds invest in cryptocurrency: Media
Source: IANS
4/12/2022 12:30:26 PM
The European Union Film Festival (EUFF) goes pan-India The European Union Film Festival (EUFF) wrapped off its physical edition in New Delhi on November 13 and launched its virtual version from November 15 through December 15 of 2022. The Indian audience will have access to 35 films in 25 languages, spanning 6 genres, and they may stream them whenever and whenever they want. The virtual avatar of the 27th edition of EUFF will bring to the audience a boutique of 30 days of handpicked, high quality cinema that's curated to delight them. It b...
The European Union Film Festival (EUFF) goes pan-India
The European Union Film Festival (EUFF) goes pan-India
Source: IANS
27/11/2022 12:54:29 PM
Sweden`s annual inflation hits 9.3% as food, fuel prices surge In October, widespread price increases continued in Sweden for products such as food, in particular vegetables, and non-alcoholic beverages as the country's CPIF (Consumer Price Index with fixed interest rate) 12-month inflation rate stood at 9.3 per cent, down from 9.7 per cent in September, according to official figures. Statistics Sweden said on Tuesday that the country's CPI (Consumer Price Index) reached 10.9 per cent in October as "increased interest expenses contributed...
Sweden`s annual inflation hits 9.3% as food, fuel prices surge
Sweden`s annual inflation hits 9.3% as food, fuel prices surge
Source: IANS
16/11/2022 2:52:11 PM
Sweden`s GDP forecast adjusted down for 2023 Nordea, one of the largest banks in the Nordics, has sharply lowered its 2023 forecast for Sweden's gross domestic product (GDP) growth to minus 1.8 per cent from minus 0.5 per cent it made two months ago in Economic Outlook. A weaker domestic development, dramatically tightened financial conditions with higher interest rates, and inflation that eats up purchasing power are reasons behind the adjustment, Xinhua news agency quoted the bank as saying. "Our downward revision is ma...
Sweden`s GDP forecast adjusted down for 2023
Sweden`s GDP forecast adjusted down for 2023
Source: IANS
8/11/2022 2:50:20 PM
India, Sweden join hands for a sustainable future through innovation The 9th annual India Sweden Innovation Day 2022 concluded successfully on October 27. The day-long event was organised in association with the Embassy of India to Sweden & Latvia, Sweden-India Business Council (SIBC), and Confederation of Indian Industry (CII). The event was a massive success with over 1,000 participants from across the globe. About 350 esteemed delegates attended the Innovation Day 2022 in person while more than 700 marked their presence online. The main highlight ...
India, Sweden join hands for a sustainable future through innovation
India, Sweden join hands for a sustainable future through innovation
Source: IANS
29/10/2022 9:16:27 AM
Leading bank says Sweden`s GDP will shrink in 2023 High inflation and interest rate hikes will affect many Swedish households and slow down the country's economic growth next year, a leading bank said in a report. Sweden's gross domestic product (GDP) growth is expected to be minus 1.1 per cent next year, said Mattias Persson, Swedbank's chief economist and global head of macro research, in an interview with Swedish Television (SVT), Xinhua news agency reported. The Swedish central bank's policy rate is expected to incre...
Leading bank says Sweden`s GDP will shrink in 2023
Leading bank says Sweden`s GDP will shrink in 2023
Source: IANS
26/10/2022 10:17:25 AM
Vikas Lifecare trades higher on the BSE Vikas Lifecare is currently trading at Rs. 5.02, up by 0.02 points or 0.40% from its previous closing of Rs. 5.00 on the BSE. The scrip opened at Rs. 5.08 and has touched a high and low of Rs. 5.08 and Rs. 5.01 respectively. So far 665761 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 8.15 on 21-Jan-2022 and a 52 week low of Rs. 3.11 on 29-Nov-2021. Last one week high and low of the scrip stood at Rs. 5.24 and ...
Vikas Lifecare trades higher on the BSE
Vikas Lifecare trades higher on the BSE
Source: Accord Fintech
19/10/2022 11:39:09 AM
Sweden`s inflation hits highest in 30 yrs Inflation keeps breaking records in Sweden, with the CPIF (Consumer Price Index with fixed interest rate) 12-month inflation hitting 9.7 per cent in September, the highest level in three decades, Statistics Sweden said. "Higher electricity prices and higher prices for food and non-alcoholic beverages contributed to the high inflation in September," Caroline Neander, a price statistician, said in a statement on Thursday. Electricity prices have increased by 54.2 per cent, and f...
Sweden`s inflation hits highest in 30 yrs
Sweden`s inflation hits highest in 30 yrs
Source: IANS
14/10/2022 1:23:08 PM
Defence manufacturer Saab to set up new facility in India, make weapons system Swedish defence products company Saab will set up a facility to manufacture its Carl-Gustaf M4 weapons system in India, a top executive said on Tuesday, as the company looks to ramp up production. The facility will begin production in 2024, Senior Vice President Gorgen Johansson told reporters at a news conference. Johansson declined to provide detail on the investment that the company is likely to make in the facility. The Carl-Gustaf M4 is a recoilless rifle which has been ordered ...
Defence manufacturer Saab to set up new facility in India, make weapons system
Defence manufacturer Saab to set up new facility in India, make weapons system
Source: Reuters
27/09/2022 3:42:21 PM
Asian stocks sink, yields rise as markets brace for aggressive Fed Stocks in Asia sank and bond yields were elevated on Wednesday, as investors braced for another aggressive interest rate hike from the U.S. Federal Reserve later in the day. Japan's Nikkei dropped 1.26% and touched a two-week low. Australia's benchmark share index slid 1.35% and South Korea's Kospi fell 0.9%. Chinese blue chips declined 0.82%, while Hong Kong's Hang Seng lost 1.26%. MSCI's broadest index of Asia-Pacific shares lost 1%. That follows a sell-off o...
Asian stocks sink, yields rise as markets brace for aggressive Fed
Asian stocks sink, yields rise as markets brace for aggressive Fed
Source: Reuters
21/09/2022 8:54:33 AM
Sweden announces liquidity guarantees of $23 bn to electricity companies Electricity companies in Sweden and neighbouring countries will receive credit guarantees of up to 250 billion Swedish crowns ($23 billion) to tackle the problems that have arisen on the electricity exchange, the Swedish government announced. If approved by parliament, the Swedish government will task the National Debt Office to issue the credit guarantees, which are expected to be in place before stock markets close on Monday, Xinhua news agency reported. Fears for Sweden's financi...
Sweden announces liquidity guarantees of $23 bn to electricity companies
Sweden announces liquidity guarantees of $23 bn to electricity companies
Source: IANS
5/09/2022 10:01:18 AM
Sweden to subsidise electricity bill amid high prices The Swedish government has unveiled a plan to subsidise electricity bills for households and businesses to ease the pain of soaring energy costs. Households and companies will both be compensated with at least 30 billion Swedish crowns ($2 billion), Prime Minister Magdalena Andersson announced at a press conference. "The higher the electricity prices become, the larger the amount will be. This is a completely new way of thinking and the background is that the market was not created...
Sweden to subsidise electricity bill amid high prices
Sweden to subsidise electricity bill amid high prices
Source: IANS
18/08/2022 2:15:58 PM
Sweden, India strengthen financial cooperation with formal exchange between FI & IFSCA Swedens financial supervisory authority, Finansinspektionen (FI), formally exchanged a Memorandum of Understanding (MoU) in relation to mutual cooperation with Indias International Financial Services Centres Authority (IFSCA), in the presence of Prime Minister Narendra Modi. The event marked a significant leap between the two partner nations, strengthening their financial cooperation. The MoU sets forth a statement of intent of the Authorities to establish a framework for mutual assista...
Sweden, India strengthen financial cooperation with formal exchange between FI & IFSCA
Sweden, India strengthen financial cooperation with formal exchange between FI & IFSCA
Source: IANS
1/08/2022 1:39:54 PM
Nordic central banks join the 50 bps rate hike club Norway and Sweden have joined the ranks of central banks opting for 50 basis-point interest rate rises, delivering their biggest policy tightening moves in two decades. June saw the U.S. Federal Reserve upping rates by 75 basis points and the Swiss National Bank surprise with a half-point hike. That means the Bank of Japan is the only major developed world central bank still chanting the inflation-is-transitory mantra. Here's a look at where policymakers stand in the race to contain...
Nordic central banks join the 50 bps rate hike club
Nordic central banks join the 50 bps rate hike club
Source: Reuters
4/07/2022 12:50:44 PM
IKEA set to launch its second city store in Mumbai The largest Swedish retailer of home furnishings in the world, IKEA, is set to launch its second small-format city shop in India as part of its ongoing omnichannel expansion. The new store will debut at Mumbai's mall, R CITY Mall in Ghatkopar (W) as the first in-mall store in India Ikea R City. The brand's resolve to increase its omnichannel footprint in Maharashtra and improve accessibility for the large population of Mumbai will be strengthened by the opening of this shop. The...
IKEA set to launch its second city store in Mumbai
IKEA set to launch its second city store in Mumbai
Source: IANS
1/07/2022 3:54:22 PM
Riksbanken rate hike lifts Swedish crown The Swedish crown rose on Thursday against the euro after Sweden's central bank hiked its benchmark interest rate by 50 basis points as expected. In the meantime, the euro flattened against most peers, remaining close to a fresh 2015-low versus the Swiss franc and near a two-week low against the U.S. dollar, amid safe-haven demand on renewed worries about higher rates and a global recession. The Swedish crown was up 0.1% against the euro at 10.6810 at 0830 GMT after briefly jumping ...
Riksbanken rate hike lifts Swedish crown
Riksbanken rate hike lifts Swedish crown
Source: Reuters
30/06/2022 3:00:12 PM