Nordic News, Business and Life in Asia
Last week Swedish telecom giant Ericsson shocked the market when it reported a profit drop of 77 percent. Now Reuters says that when Huawei Technologies posts its annual results in …
China’s Huawei overtakes Sweden’s Ericsson Read MoreNorway’s government has said it wants non-European immigrants to carry residency cards equipped with data chips bearing their fingerprints.In a proposal presented on Friday, the justice ministry said the new …
Norway wants migrants to carry fingerprint ID Read MoreVolvo Group, the world’s second-largest truck maker, announced Friday a 63-percent jump in its 2011 net profit boosted by record sales and margins, and a 43-percent hike in the fourth …
Volvo group announces record sales for 2011 Read MoreChinese carmaker Youngman has placed a bid for bankrupt Swedish carmaker Saab, public broadcaster Sveriges Radio (SR) reported on Thursday. “A first bid has been submitted for carmaker Saab,” SR …
Multi-billion-kronor bid for bankrupt Saab: report Read MoreAffected by price pressure and increased costs for raw materials, the income of the Swedish multinational appliance manufacturer Electrolux fell by 48 percent last year compared to 2010, the company …
Electrolux income drops in 2011 Read MoreContainer ships can’t go any slower. Shipping lines are running out of options to stop losses as sailing speeds reach their lower limit, exhausting a solution that helped restore profitability …
Back to the 19th-century – slow, slower, Maersk Read MoreThe leaders of Denmark and Finland said on Friday that China has showed a willingness to contribute to global efforts to bail out debt-ridden European countries. However, a senior Chinese …
China willing to aid bailout: Denmark and Finland Read MoreFor the full-year 2011, H&M posted a net profit of 15.82 billion kronor ($2.33 billion), down from 18.68 billion kronor in 2010, largely owing to soaring prices for materials, especially …
H&M bottom line feels the pinch Read MoreThe Swedish embassy has posted results of a business-climate survey of Swedish companies in China, and concludes that most are performing well, profitable (in 2010), expanding market share and plan …
Many of the Swedish companies affected by trade barriers Read MoreThe Swedish Arts Council is seeking applications for cooperation between cultural operators in Sweden and China. The deadline is Jan 30, with a second deadline for 2012 applications on Oct …
The Swedish Arts Council is seeking applications Read More