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Esha Vaish

Rapper A$AP Rocky to face trial in Sweden, Trump outraged

25 Jul 2019

STOCKHOLM U.S. rapper A$AP Rocky will go on trial for assault in Sweden on July 30 over his alleged involvement in a street brawl in Stockholm, the Swedish public prosecutor announced on Thursday, prompting an angry response from President Donald Trump. | Video

Airbag maker Autoliv revs up cost cuts to counter car market slump

19 Jul 2019

STOCKHOLM Sweden's Autoliv said it would step up cost cuts as the car safety equipment maker became the latest casualty of a deteriorating auto industry to lower its 2019 sales growth and profit margin expectations.

Volvo Cars to cut costs as trade war dents profits

18 Jul 2019

STOCKHOLM Volvo plans to cut fixed costs by 2 billion Swedish crowns ($214 million), it said on Thursday, becoming the latest carmaker to warn that pricing pressure and tariffs arising from the China-U.S. trade war were denting profitability.

Truckmaker Volvo lifts market view, picks Samsung for batteries

18 Jul 2019

STOCKHOLM Sweden's AB Volvo raised its market forecasts for North America and Europe on Thursday, as higher trucks and construction equipment deliveries helped it to top profit estimates.

REFILE-UPDATE 1-Volvo Cars to cut costs as trade war dents profits

18 Jul 2019

STOCKHOLM, July 18 Volvo on Thursday announced plans to cut fixed costs by 2 billion Swedish crowns ($214 million), becoming the latest carmaker to warn that pricing pressure and tariffs arising from the China-U.S. trade war were denting profitability.

Swedbank cuts dividend amid money laundering fallout

17 Jul 2019

STOCKHOLM Swedbank will cut the amount of dividends it pays from profits and has set new targets to strengthen its capital as the bank faces fallout from a Baltic money laundering scandal.

Climate change prompts Nordea fund to make its biggest investment shift

11 Jul 2019

STOCKHOLM Nordea's Swedish pension fund moved 22 billion Swedish crowns ($2.34 billion) into investments with a lower carbon footprint and strict sustainability criteria in the first half of the year, saying the move was its biggest asset shift.

Volvo solves autonomous revenue riddle with package deals

10 Jul 2019

STOCKHOLM Swedish truckmaker AB Volvo's first commercial autonomous truck deal shows how it is bundling services to generate revenue from a technology that is years away from wide deployment.

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