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“It’s far too expensive to carry out a general shortening of working hours within a reasonable time frame.”
The risk of a China hard landing in the next 2 or 3 years remains a key risk scenario, with the rest of the APAC region particularly vulnerable to such a shock: IHS
“Bold plans need the right partners and Content is King."
The move is believed to be part of the country's return to the Cold War era "Total Defence Strategy".
Hamburger giant in the process of finding buyer to take over the role as main franchiser for Denmark, Norway and Sweden: media report
Skype founder invests in car-sized aircraft: 'This is a really good example of founders who are using deep technology to take on a very big problem'
Niklas Zennström, Skype's cofounder, is backing a company building car-sized aircraft in Germany, called Lilium Aviation.
Global: There were 654,000 people living with HIV/AIDS in China by the end of September, with 201,000 deaths.
SEB: Nordic Outlook: Trumpism will have an uncertain impact - Swedish economic optimism, Riksbank done with rate cuts
"Investing in innovation is critical to raising economic growth".
China has made it more difficult for foreigners – including Swedish citizens – to apply for a visa. Starting mid August, travellers will now need to supply both current and old passports.
Music streaming service Spotify says its active monthly user base had grown to 100 million, with some 30 million paying listeners.
Founded in 2006, it’s now the world’s leading music streaming service, with almost three times more listeners than its closest rival, Apple Music. In fact, Spotify has more users than the five largest competitors combined.
Reuters said that the Swedish firm pays more than 80 percent of its revenue to record labels and artists and has not yet shown a profit as it spends to grow internationally. Last year, it made an operating loss of 184.5 million euros ($209 million), widening from 165.1 million in 2014.
The tech sector employs 18% of workers—far above the 10% said to be typical in most European capitals.
“The XC90 contributed a lot,” said Håkan Samuelsson, chief executive of Volvo Cars.
With more billion-dollar startups than any other European city, Stockholm has emerged as a global tech titan.
Tech firms in Stockholm have helped enhance Sweden's reputation for business all over the world, and it's not surprising that a record amount of money was invested in Swedish startups last year.
Swedish parents in search of the latest Disney toy to treat their child will no longer have to leave the country to visit an official store.