EconomyLarry Fink predicts that cryptocurrency could soon reach new record highs.
Economy
China reaches 5 percent growth target
EconomyAt the same time, looming US tariffs raise questions for 2025.
Reports: Chinese firms interested in Volkswagen’s struggling factories
EconomyHowever, it is likely to face opposition from both the trade union movement and the upcoming new Bundestag.
EU imports of Russian liquefied natural gas reach record levels
EconomyEuropean leaders want to boycott Russian energy - but Russian LNG imports have soared.
Swedish food prices soar – up 25 percent in three years
EconomyLast year, prices of almost 36,000 food products increased - and coffee has not been this expensive for over 50 years.
Russia is using bitcoin in foreign trade
EconomyAn important advantage of the cryptocurrency is that no one in the world can regulate it, according to President Vladimir Putin.
Cartoon of the week
Economics writer on the European electricity market: “A failed joke”
EconomySwedish economics writer Andreas Cervenka notes the soaring prices and calls the electricity market “a failed joke”.
Credit giant Klarna fined $43M for violating money laundering rules
SwedenKlarna failed to meet requirements for risk assessment and customer due diligence, according to the Swedish Financial Supervisory Authority.
Swedish restaurateur suspended from bank after ten years – no explanation given
Sweden“It's so sick that you can be treated this badly as an entrepreneur in Sweden”, says Linda to The Nordic Times.
Putin: 3 out of 4 Western companies remain in Russia
EconomyThe sanctions have had a severe impact, but according to the President, only a quarter of Western companies have actually left the Russian market.
Bitcoin reaches historic milestone – passes $100,000
EconomyTrump's nomination of "crypto czar" Paul Atkins to head the SEC is believed to have accelerated the rise.
The global arms industry is booming
EconomyThe 100 largest arms manufacturers in the world increased their sales by 4.2% last year and have a turnover of almost $632 billion.
China bans the purchase of gold
EconomyChinese banks have reportedly stopped opening new accounts for gold products, and existing customers can no longer increase their holdings.
Trump threatens BRICS countries: “Will face 100% tariffs”
Economy“There is no chance that the BRICS will replace the U.S. Dollar in International Trade, and any Country that tries should wave goodbye to America”.
Soaring utility fees put pressure on Swedish households
Economy"These are unavoidable costs on monopoly-like markets".
Soaring rent hikes in Sweden threaten to leave families homeless
Sweden“Can't eat my fill and can't go to the dentist. The pain threshold has been reached. Already having to cut back on food and essential care”, reads one of many testimonies.
Concern in the vaccine industry after Kennedy’s nomination
EconomyVaccine giants' share prices plummeted after Trump nominated RFK as new health secretary.
IMF: EU continues to lag behind the US
EconomyThe EU's GDP per capita is now only around 72% of the US level.
Bitcoin hits $80,000 after Trump’s election victory
EconomyBitcoin reached $80,000 on Sunday, its highest level in its history.
Swedish unemployment continues to rise – government to invest in vocational education
Economy"The Swedish labor market has long suffered from a mismatch, with employers looking for skills while many are unemployed".
Former Italian Prime Minister: Europe risks becoming a colony of great powers
EconomyFormer Italian Prime Minister warns that Europe could risk becoming a colony of the US or China if it fails to make significant investments.
Swedish crypto exchange launches new cryptocurrency salary payment service
EconomyTrijo’s CEO, Arvid Börje Ramberg, sees this as a natural development as digital currencies gain broader acceptance.
340 employees to leave Northvolt
Economy"These tough decisions have to be made to secure the future of the company", says Shaneika Jeffreys, vice president of Unionen at Northvolt in Skellefteå.
Toyota ends sponsorship of Pride and Olympics
EconomyThe company aims to "narrow its community activities" to less controversial events.
Bob Moran’s cartoons
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Science
Flat Earthers after the Antarctic expedition: “The Earth is round”
Researchers: Extreme climate phenomenon dates back 250 million years
Environment
Elephant uses hose for shower – surprises researchers
