The Swedish-Danish dairy cooperative Arla has confiscated the passports of 600 employees in Saudi Arabia, in violation of its own policy, Swedish Television’s Uppdrag granskning program reports.
- "Practice" in violation of company policy
- Farmers say they need credit guarantees now.
In an effort to increase the profitability of Swedish dairy farmers, the government presented a broad plan of action on Friday.
- Competitive market.
The Swedish music streaming giant Spotify will expand its platform to include videoclips and podcasts, it announced on Wednesday.
- 8am deadline passed.
Six Norwegian Scandinavian airlines pilots went on strike early Thursday, but there is still no news of a decision on whether 430 Swedish SAS pilots have taken strike action. The deadline for an agreement between the airline and pilots' unions was 8am, and it is not known if talks are continuing.
- Translating creativity into a paycheck.
Making it as an artist can be tough, and a fresh batch of students will soon be put to the test, as they graduate and head out into the unknown, hoping to be both creative and on a solid financial footing.
- 150-250 jobs at new biological medicine production plant.
The Anglo-Swedish pharmaceutical company Astra-Zenica is investing SEK 2.3 billion in a new production facility at its Swedish base in Södertälje, southwest of Stockholm.
- No cut farther below zero.
Despite speculation to the contrary, Riksbanken, the Swedish central bank, met Monday without changing its key interest rate. There had been reports that the central bank would cut the repo rate further below zero in yet another effort to boost inflation.
- Latest cut in March set rate at minus 0.25 percent.
The Swedish central bank is expected to cut the key interest rate further below zero in yet another effort to boost inflation, Swedish Radio News reports.
- High level of debt.
The Minister for Financial Markets Per Bolund has invited the opposition Alliance-parties to talks on how to get mortgage-holders to start paying off their debts, Swedish Radio News reports.
- War crimes investigation.
The Swedish oil company Lundin Oil is being investigated for war crimes while doing business in Sudan. In an interview with the daily Dagens Nyheter, the chairman of the board Ian Lundin says he doesn't feel that he has done anything wrong.
- Owned by major oligarch.
Former foreign minister Carl Bildt has been recruited as an advisor to a Russian oil company, says its owner, Mikhail Fridman, in a press release reported by Reuters.