Saturday, August 30, 2025

Polaris of Enlightenment

Northvolt files for bankruptcy: “Only available solution”

Published 12 March 2025
– By Editorial Staff
The parent company's liabilities are currently estimated at around €5.3 billion.
2 minute read

Struggling battery manufacturer Northvolt has filed for bankruptcy with the Stockholm District Court, putting its 3,500 employees at risk of losing their jobs.

“This is the only available solution”, the company stated, as the collapse is being described as one of the largest industrial failures in Swedish history.

For a long time, Northvolt was hailed by politicians, business leaders and the establishment media as a pioneering effort to bring about the “green transition” that those in power believe is necessary. However, it was never a success and after billions in losses, the threat of bankruptcy that has long hung over the company has also become a reality.

The decision to file for bankruptcy on Wednesday morning was taken at an extraordinary board meeting on Tuesday evening, and officials say there were simply no longer any realistic alternatives.

Despite having exhausted all available options to negotiate and implement a financial restructuring, including a Chapter 11 process in the US, and despite liquidity support from our lenders and key counterparties, the company was unable to secure the necessary financial conditions to continue in its current form”, they wrote in a press release.

– This is an incredibly difficult day for everyone at Northvolt. We set out to build something groundbreaking – to drive real change in the battery, electric vehicle and wider European industry and accelerate the transition to a green and sustainable future, commented interim chairman Tom Johnstone.

The bankruptcy affects Northvolt AB, Northvolt Ett AB, Northvolt Labs AB, Northvolt Revolt AB and Northvolt Systems AB.

“Dark day for all of us”

Today, the battery manufacturer has around 3,500 employees most of them based in Skellefteå, Västerås and Stockholm. All of them are now at risk of unemployment and analysts say that Norhtvolt’s bankruptcy is one of the worst single industrial crashes in the country’s history.

A bankruptcy trustee will be appointed by a Swedish court to manage the sale of the business and its assets. The parent company’s liabilities are currently estimated at around SEK 58 billion (€5.3 billion).

It is of course a heavy message and a very dark day for all of us who have worked hard every day and hoped that the company will get through this tough time, says Shaneika Jeffrey, Shaneika Jeffrey, vice chairman of the Unionen club at Northvolt Ett in Skellefteå.

It can further be noted that Northvolt Germany and Northvolt North America have not filed for bankruptcy.

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Number of prisoners in Sweden has doubled in ten years

Published yesterday 9:36
– By Editorial Staff
1 minute read

The number of inmates in Swedish correctional facilities has nearly doubled in the past ten years, according to statistics from the Swedish National Council for Crime Prevention (Brå). The number of new admissions has also been the highest in almost 30 years.

At the end of 2024, the total number of people in correctional facilities was 8,206 people, 593 women and 7,613 men. This is referred to as having an ongoing prison sentence execution. This represents an increase of 17 percent compared to the previous year. Compared to 2015, the figure has increased by 91 percent.

The number of new admissions, that is, those who have begun serving a prison sentence, has reached a record high of 11,812 people, which is the highest figure in 28 years.

The increase in the number of inmates in correctional facilities since 2017 is primarily explained by the harsher penalties for serious crimes that have been implemented in recent years, says Charlotta Lindström, statistician at the Swedish National Council for Crime Prevention, in a press release.

Swedish consumer authority wants to ban all telemarketing

Published 28 August 2025
– By Editorial Staff
Eight out of ten Swedes actively try to avoid telemarketing calls in various ways, according to a report by the Swedish Consumer Agency.
2 minute read

The Swedish Consumer Agency (Konsumentverket) is proposing a general ban on all telemarketing in Sweden. Six out of ten Swedes no longer answer calls from unknown numbers due to fear of salespeople, causing people to miss important calls from healthcare services and police.

In the report “Telemarketing – an unwanted, inappropriate and deeply problematic business method” submitted to the Swedish government today, the Consumer Agency proposes that all telemarketing should be banned.

As a second alternative, the agency suggests replacing the current Nix registry (Sweden’s do-not-call list) with an opt-in system, where sales calls would only be allowed to consumers who have actively consented to being contacted.

— Telemarketing deprives the consumer of initiative and control over both what should be purchased and when it should happen. The consumer is taken by surprise and unprepared meets an eager salesperson who usually only has a single product to sell, says Cecilia Tisell, consumer ombudsman and director-general of the Swedish Consumer Agency.

The authority’s investigation shows that eight out of ten Swedes avoid calls from telemarketers in various ways. A clear majority do not answer calls from unknown numbers at all, which has serious consequences.

— What are the consequences when we no longer answer the phone out of concern that it’s telemarketers or scammers calling? We see in the survey that people miss important calls from, for example, healthcare services and the police. This is unfortunate for the individual and causes various societal actors much additional work, explains Tisell.

Contributes to debt problems

Complaints to the Swedish Consumer Agency about misleading and aggressive marketing are significantly higher for telemarketing than for other sales methods. Particularly vulnerable are consumers with disabilities and immigrants who do not speak Swedish properly.

A recurring problem is that consumers and companies often disagree about whether any purchase has actually taken place. While consumers claim they only said yes to information or free offers, companies quickly demand payment for subscriptions.

Lotteries/gambling, loans, electricity contracts, insurance, mobile and TV subscriptions, and health supplements are examples of products still often sold by phone.

— Being enticed and pressured to take loans you may not need and cannot afford is unacceptable. Aggressive marketing of credit contributes to the problematic debt situation we see in society today, states Cecilia Tisell.

Police warn of persistently high violence in Sweden

organized crime

Published 27 August 2025
– By Editorial Staff
The current extensive gang-related violence is now to be considered a permanent feature in Sweden, according to police.
3 minute read

After a series of shootings and explosions in the Stockholm area in recent weeks, police do not want to speak of a temporary wave of violence. Instead, the regional police chief describes the situation as a “constantly high level of violence in Sweden”.

Upplands Väsby, Kallhäll, Viksjö, Bromma and Sätra – the list of places in the Stockholm area that have been hit by shootings and bombings recently continues to grow.

Most recently, during the night leading to Wednesday, an extensive police operation was underway in Viksjö, northwest of Stockholm, after a shooting at a gas station where two people were injured. Shortly before, on August 25, two people were shot dead in a car in a parking lot in nearby Kallhäll. Police cannot yet answer whether there are connections between the various incidents.

Despite the recent concentration of violent crimes in northern Stockholm, police do not want to use the term “wave of violence” to describe the development.

— I would rather say that we have seen a number of completed crimes in a short time and with a clear geographical limitation to northern Stockholm, says Magnus Mowitz, regional police chief for Stockholm north, on Swedish public television SVT’s morning show.

He emphasizes that police have simultaneously succeeded in preventing a series of planned violent crimes, but acknowledges the grim reality:

— The term wave of violence is not something we use, however we can see that there are violent crimes that continuously occur. We have a constantly high level of violence in Sweden, he states.

Thousands of gang criminals

Before the 1990s, gang crime was essentially an unknown phenomenon in Sweden, where the organized crime that did exist was mainly linked to motorcycle gangs and where violent confrontations with firearms and explosives on open streets were virtually non-existent. Sweden was long one of Europe’s safest countries with one of the world’s lowest murder rates.

Over the past three decades, however, the situation has changed dramatically. In pace with unlimited mass immigration from conflict-affected areas in the Third World, criminal networks have been established in suburbs around the country.

From being concentrated in the metropolitan areas’ vulnerable neighborhoods, gang crime has now spread to virtually all Swedish cities of any size, and police estimate that today the number of active individuals in the criminal networks amounts to more than 14,000 individuals – from Malmö in the south to Kiruna in the north.

Turning over multi-billion amounts annually

The criminal networks are not only engaged in spectacular bombings and murders. Drug trafficking still forms the backbone of the operations, but the gangs have significantly diversified their criminal activities. Extortion of business owners, particularly in the suburbs, has become increasingly common, and welfare fraud through fake assistance companies and other schemes drain billions from taxpayers every year.

Human trafficking, arms smuggling, theft gangs and receiving stolen goods are also part of the repertoire, while money laundering occurs through real estate investments, currency exchange offices and cryptocurrencies.

Exactly how much money organized crime turns over each year is impossible to answer, but estimates from police suggest it amounts to approximately €9-14 billion annually.

Trump threatens new tariffs in retaliation for “discriminatory” tech taxes

Donald Trump's USA

Published 26 August 2025
– By Editorial Staff
President Trump defends Meta, Google and Amazon against foreign taxes and threatens US countermeasures.
2 minute read

Donald Trump warns of new tariffs and export controls against countries that he claims “discriminate” against American tech giants. The statement could escalate trade conflicts with both the United Kingdom and the EU.

In a post on his Truth Social platform on Monday evening, the president launched a harsh attack against “digital taxes, legislation, rules or regulations” and claimed that as president he intends to defend American companies against what he described as malicious attacks.

“As the President of the United States, I will stand up to Countries that attack our incredible American Tech Companies. Digital Taxes, Digital Services Legislation and Digital Markets Regulations are all designed to harm, or discriminate against, American Technology”, Trump wrote.

“They also, outrageously, give a complete pass to China’s largest Tech Companies. This must end, and end NOW!” he continued.

True to form, Trump uses his own social media platform to tell the world about his plans. Photo: facsimile/Donald Trump/Truth Social

According to analysts, the statement risks further deteriorating trade relations between the US, the United Kingdom and the EU.

“Flagrant attack”

Washington has long criticized the UK’s digital services tax, which despite American criticism was retained after an agreement with Trump’s previous administration. The US has also directed harsh criticism at the EU’s Digital Services Act, which places higher demands on large tech companies to control content on their platforms.

Several EU countries, including France, Italy and Spain, have had their own taxes of similar nature since before, reports Financial Times.

In June, Canada chose to scrap its digital services tax to pave the way for trade negotiations with the US. Trump had previously described the tax as a “direct and flagrant” attack. The British also considered changes to their tax, but ultimately managed to reach a trade agreement without making changes.

In the UK’s case, the tax is 2 percent and applies to companies like Alphabet, Meta and Amazon. It affects companies with global revenues over £500 million and is levied on parts of turnover exceeding £25 million in the country.

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