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Radio Sweden Wednesday

Published onsdag 17 oktober 2007 kl 12.53
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Ericsson CEO Carl-Henric Svanberg warns about 3rd quarter profits
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Percy Barnevik
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In today’s program:

An unexpected profit warning from Swedish telecoms giant Ericsson.

We meet the new head of the Stockholm International Peace Research Institute.

Then, on the United Nations Day for the Abolition of Poverty, we talk to a former top Swedish business executive about the charity he’s set up to fight the problem.

Closing music: ”Seven Seconds” by Neneh Cherry and Yousuf N’dour

Tuesday’s warning by the Swedish telecommunications giant Ericsson of a major drop in third quarter profits not only hurt the company’s share price, it also pulled down the entire Swedish stock market and had ripples internationally. Kris Boswell has the story:

Set up forty years ago to commemorate 150 years of Sweden being at peace, the Stockholm International Peace Research Institute, or SIPRI, is an internationally respected body dedicated to research on security issues.

American Bates Gill has recently taken the helm at SIPRI, and Radio Sweden’s Nick Chipperfield took the opportunity to meet Gill and find out more about the institute’s work:

Today is the United Nations Day for the Abolition of Poverty. And someone who is personally working to help the world’s poor is former Swedish business leader Percy Barnevik. When he retired a few years ago he was bitterly criticised by many for a pension settlement that brought him tens of millions of dollars. He has now turned out to be one of the most generous philanthropists Sweden has ever seen. Azariah Kiros takes up the story:

Our journalism is based on credibility and impartiality. Swedish Radio is independent and not affiliated to any political, religious, financial, public or private interests.
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