Edition:
India

Helena Soderpalm

U.S. rapper A$AP Rocky to remain in Swedish custody, Trump plans to intervene

20 Jul 2019

STOCKHOLM Swedish prosecutors on Friday extended American rapper A$AP Rocky's detention by six days amid their ongoing investigation into a street fight in Stockholm as U.S. President Donald Trump said he planned to call Sweden's prime minister about the case.

Ericsson warns on negative margin impact, shares fall 7%

17 Jul 2019

STOCKHOLM Telecoms equipment maker Ericsson posted quarterly earnings in line with forecasts but said it expected costs related to winning new contracts for its network business to hit profit margins in the second half of the year.

Swedish prosecutor requests Assange's detention over rape allegation

20 May 2019

STOCKHOLM The Swedish prosecutor heading an investigation into a rape allegation against WikiLeaks founder Julian Assange filed a request with a local court on Monday for him to be detained in absentia.

Swedish prosecutor requests Assange's detention over rape allegation

20 May 2019

STOCKHOLM The Swedish prosecutor heading an investigation into a rape allegation against WikiLeaks founder Julian Assange filed a request with a local court on Monday for him to be detained in absentia.

Ericsson shares hit 4-year high after profit tops forecasts for fifth quarter

17 Apr 2019

STOCKHOLM Ericsson posted a first-quarter profit on Wednesday that swept past forecasts due to strong growth in North America and cost cuts, spurring the telecom equipment maker to boost its full-year outlook for the global networks market.

Swedbank chairman quits over money laundering scandal

05 Apr 2019

STOCKHOLM Swedbank Chairman Lars Idermark has quit only a week after the lender's chief executive was ousted over her handling of a money laundering scandal, saying the controversy threatened to distract from his role as head of forestry group Sodra.

UPDATE 3-Swedbank chairman quits over money laundering scandal

05 Apr 2019

STOCKHOLM, April 5 Swedbank Chairman Lars Idermark has quit only a week after the lender's chief executive was ousted over her handling of a money laundering scandal, saying the controversy threatened to distract from his role as head of forestry group Sodra.

H&M shares fly off the shelves as turnaround strategy shows promise

29 Mar 2019

STOCKHOLM Fashion retailer H&M reported a much smaller than expected fall in quarterly profit on Friday as it sold more products at full price and margins held up, in a first sign that its turnaround strategy is producing results. | Video

Swedish authorities widen Swedbank inquiry to include suspected fraud

28 Mar 2019

STOCKHOLM Sweden's Economic Crime Authority (EBM) widened its Swedbank investigation to include suspected fraud following a raid on Wednesday on the Swedish bank's headquarters in an inquiry into its handling of money laundering allegations.

World News

Britain's new leader Johnson vows to get Brexit done

Boris Johnson, the Brexiteer who has promised to lead Britain out of the European Union with or without a deal by the end of October, will replace Theresa May as prime minister after winning the leadership of the Conservative Party on Tuesday.