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
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.
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.
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.
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.
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.
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.
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.
Over 1.5 million people have lost their lives due to COVID-19 with one death reported every nine seconds on a weekly average, as vaccinations are set to begin in December in a handful of developed nations.