SwedenKlarna failed to meet requirements for risk assessment and customer due diligence, according to the Swedish Financial Supervisory Authority.
Economy
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.
Study: Money the biggest motivator for reducing food waste
EconomyWallet more important to Danes than the climate, says Copenhagen University study.
One in three Swedes worry about food shortages
EconomyMore than half of the respondents believe that Sweden will not be able to provide for its population in times of crisis.
More Swedes apply for debt restructuring – but most are rejected
Economy“Debt restructuring is not a shortcut, but a last resort”, says Per-Olof Lindh, Department Head at the Swedish Enforcement Authority.
Report: Most Swedes use loans or leasing for car purchases
SwedenMost cars are financed by loans or private leasing.
District heating prices soar in Sweden
EconomyWhile the national average price increase is 15.2%, prices have risen by more than 30% in many municipalities.
Google wins EU court case over market dominance allegations
EconomyThe US tech giant was accused of abusing its dominant position in the advertising market - and escaped a €1.49 billion fine.
Swedish Enforcement Authority warns: “A family with children is evicted every day”
Economy"It is deeply worrying that the number of children affected by evictions remains at such a high level. Every child affected by an eviction is in a very vulnerable situation"