Simon Johnson

'No concrete proposition' from U.S. to back Huawei rival Ericsson: Swedish minister

07 Feb 2020

STOCKHOLM Sweden's digital minister stressed Ericsson's importance for jobs and technology in Europe on Friday after a U.S. official suggested the United States buy stakes in the telecoms gear maker or Finland's Nokia to counter Huawei's dominance in 5G.

Ericsson hit by higher 5G costs and weaker U.S. market

24 Jan 2020

STOCKHOLM Sweden's Ericsson warned it faced higher costs this year as it rolls out new 5G networks and was also hit by a temporary slowdown in its U.S. market, sending its shares 7% lower on Friday.

Sweden suffers surge in bomb attacks as gang violence rises

16 Jan 2020

STOCKHOLM A surge in drug-linked gang-violence in Sweden led to a 60% increase in bomb blasts in 2019, government statistics showed on Thursday, as police work to rid the streets of explosives and guns with more officers on patrol.

Sweden ends five years of negative rates with hike to zero

19 Dec 2019

STOCKHOLM Sweden's central bank ended five years of negative interest rates on Thursday when it raised benchmark borrowing costs by a quarter point to zero, defying an economic slowdown and global uncertainty.

UPDATE 4-Sweden ends five years of negative rates with hike to zero

19 Dec 2019

* Swedish crown broadly unchanged (Adds further central bank governor quotes)

Sweden grapples with housing market reform as risks mount

18 Dec 2019

STOCKHOLM When bailiffs came knocking earlier this year, it was the first time Kaddi Bah realised the four-room Stockholm apartment she shared with her sister and another friend was being illegally sub-let.

Sweden set to end sub-zero rates; ECB and others far behind

16 Dec 2019

STOCKHOLM Sweden's central bank is expected to become the first in the world to claw its way out of negative interest rates on Thursday, as worries about the unwanted side-effects of such a policy trump signs of slower growth at home and a shaky global outlook.

CORRECTED-UPDATE 2-Swedish c.bank rate hike seen as done deal as inflation picks up

11 Dec 2019

* Headline inflation 1.7% year/year, in line with c.bank forecast

Defiant Nobel winner Handke dismisses questions on Balkan wars

06 Dec 2019

STOCKHOLM Austrian writer Peter Handke, winner of the 2019 Nobel literature prize, said on Friday he preferred anonymous hate mail to questions about his support for Slobodan Milosevic, Serbia's strongman during the Balkan wars of the 1990s.

UPDATE 2-Swedish economy ups pace in Q3, supports Riksbank hike plans

29 Nov 2019

* Figures unlike to change Riksbank's plan for Dec hike (Adds analyst comment, currency reaction)

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