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sweden

Companies 1 year ago

Northvolt crisis may be make or break for Europe's EV battery ambitions

The Swedish company, whose motto is "make oil history", has received more than $10 billion in equity, debt and public financing since its 2016 start-up. Volkswagen and Goldman Sachs each own about one fifth of its shares.

Books 1 year ago

Han Kang wins South Korea's first literature Nobel

A short story writer and novelist, Han is best known for her book "The Vegetarian", which was her major international breakthrough and won the Man Booker Prize in 2016.

Companies 1 year ago

Ikea posts fall in annual sales after lowering prices

The Swedish company said sales amounted to 45.1 billion euros (US$49.3 billion) in its fiscal year ending in August, down 5.3 percent from the previous 12-month period.

Europe 1 year ago

Duo wins Physics Nobel for key breakthroughs in AI

The pair were honored "for foundational discoveries and inventions that enable machine learning with artificial neural networks," the jury said.

Editorial 2 years ago

Give our kids a strong start

To shine in their adulthood, young souls need the right cognitive stimulation, physical activity and nutrition to develop their creativity, literacy and logical thinking.

Europe 2 years ago

Sweden clears final hurdle to join NATO as Hungary approves accession

Sweden is leaving 200 years of neutrality and military non-alignment behind, says Prime Minister Ulf Kristersson.

Lifestyle 2 years ago

At Stockholm auction, vintage Ikea goes high-end

Collectors' interest has blossomed over the years for Ikea pieces that have become design icons, as the Swedish company -- normally known for more budget-friendly piece -- celebrates its 80th anniversary this year.

Tech 2 years ago

Spotify to reduce staff by 17% in second layoff this year

In the latest third quarter, the company swung to a profit aided by price hikes in its streaming services and growth in subscribers in all regions, and forecast that its number of monthly listeners would reach 601 million in the holiday quarter.

People 2 years ago

Norwegian playwright Jon Fosse wins Nobel literature prize

Sometimes compared to Samuel Beckett, another Nobel-winning playwright, Fosse's work is minimalistic, relying on simple language which delivers its message through rhythm, melody and silence.

Europe 3 years ago

Denmark to ban Quran burnings

Denmark stepped up security earlier this month following the backlash, as did neighbouring Sweden which has also seen a spate of Quran burnings in recent months.

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