Sweden Rate Cut Delivers Instant Relief to Floating Mortgage Holders
Sweden's central bank cut rates to 2.0%, providing immediate relief to households with floating-rate mortgages. The move benefits real estate and...
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Sweden's central bank cut rates to 2.0%, providing immediate relief to households with floating-rate mortgages. The move benefits real estate and...
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Norway's $1.7 trillion sovereign wealth fund lost $40 billion in Q1 2025 due to heavy exposure to US tech stocks during an AI sector correction. The...
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Equinor is cutting 1,200 contractors (20% of contractor workforce) while preserving permanent jobs, reflecting Norway's complex balance between state...
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Finnish construction firm SRV reported declining revenue and profits in Q3 as new construction demand remains weak. CEO Saku Sipola called the...
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Volvo Cars exceeded profit expectations following major workforce reductions. The Swedish automaker cut approximately 1,000 white-collar positions...
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Saimaan Autopiste in Mikkeli begins selling Fiat commercial vehicles, marking their first entry into the van market. The dealership expansion...
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Finnish telecom giant Elisa has initiated change negotiations that could eliminate up to 400 jobs in Finland. The restructuring aims to achieve €40...
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Finnair cancels flights for 11,000 passengers after water cleaning damages seat fire safety. The airline refuses EU compensation, calling it a...
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Swedish bank SEB reported Q3 profits below expectations despite beating net interest forecasts. Household lending grew slightly, driven by Baltic...
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Swedbank's third quarter profits fell to 11.1 billion kronor from 13.2 billion last year. The Swedish bank saw declines in both interest and fee...
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Volvo Cars increased quarterly profits despite selling fewer vehicles. The Swedish automaker earned 6.4 billion kronor while facing 7 percent sales...
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Finnish food processor Atria will cut 60 jobs at its Jyväskylä plant while investing €16 million to modernize its Kauhajoki facility. The workforce...
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Norwegian Christmas spending is set to reach 150 billion kroner this year, with each person spending 26,800 kroner on average. Economic improvements...
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Norwegian Christmas spending is expected to reach 150 billion kroner this year, with each person spending 26,800 kroner on average. Economic...
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Construction flaws have been identified in the foundation work for Gothenburg's new artificial peninsula. The issues may delay the Global Business...
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Vintage retailer Juno Juno will open in Fjällsport's former location on Gothenburg's Magasinsgatan this November. The move signals continued growth...
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Aalborg moves closer to getting its first five-star hotel as expansion plans for Radisson Blu enter public consultation. The luxury hotel would cater...
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Mowi's acquisition of Nova Sea has received final approval from Norwegian competition authorities and the EU Commission. The deal makes Mowi the 95%...
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Icelandic companies are setting ambitious sustainability targets and tracking their environmental impact through detailed reporting. Two leading...
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Iceland's housing market stalls as banks halt inflation-linked mortgage approvals following a Supreme Court ruling. Qualified buyers face rejections...
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An Icelandic businessman's bankruptcy case has reopened 16 years after his initial collapse. MagnĂşs Ăžorsteinsson was part of the group that bought...
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Arion Bank temporarily stops issuing indexed mortgages following Iceland's Supreme Court ruling on loan terms. The bank seeks solutions during legal...
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Icelandic prosecutors charge Remax franchise owner Þórarinn Arnar Sævarsson with manipulating Kviku bank shares in 2020. The case involves 71...
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