- - -

JOBS

EXECUTIVE JOBS

INVEST IN STOCKHOLM NEWSLETTER

SWEDISH WIRE NEWSLETTER

EMBASSIES/
CONSULATES
IN SWEDEN

RSS FEEDS

STOCKS

FLIGHTS, HOTELS AND HOLIDAYS

- - -
Investment opportunities

Tips from an insider: Five innovative tech startups

Tips from an insider: Stockholm tech start-ups

5 hot life science firms in Stockholm

Stockholm's top five infrastructure projects

Four Stockholm-based ICT firms to watch

Stockholm pioneers life science research

ICT startups offer investment opportunity

Swedish companies ready for exit

Five med-tech investment opportunities

Six cleantech investment opportunities

- - -
Rankings and surveys

Sweden tops English-language skills ranking

Sweden ranked world's best country to grow old

Swedish passport world's best for travellers

Sweden second best country for mothers

Stockholm climbs in competitiveness rankings

Sweden among best countries to be born

Fortune: 'Stockholm top place for startups'

Sweden tops first global Web Index

Sweden world's second most innovative country

Stockholm world's 6th 'best city'

'Cool Stockholm' most competitive Nordic capital

Sweden has (second) best reputation in the world

Sweden among top in Internet download speed

Sweden scores highest in 'Rule of law index'

Stockholm world's No1 in intellectual capital

Sweden the world's most ICT-competitive country

Sweden great place for moms – but Norway better

Swedes place 4th in English skills ranking

Sweden among top ICT countries

Sweden’s 10 greenest brands

‘Sweden needs to sell itself more’

Sweden overtakes the US in competitiveness

Sweden 10th ‘most admired country globally’

Sweden climbs in 'doing business' ranking

Sweden among world's least corrupt nations

Sweden's mortality rates world's second lowest

Sweden a good place to die – but Britain is best

Children in Sweden have best lives

Sweden the most competitive EU nation

Safe to do business with Swedes

How Sweden became an innovation frontrunner

Nordic countries world's most food-secure

Sweden the world’s best country – politically

Swedish firms among world's top brands

Swedish brands climb in global ranking

Sweden tops government ranking - while US lags 

'Swedish model' outranks 'American dream'  

Sweden among world's least corrupt nations

The Swedish Wire is a media production company that provides high-quality text, image and video content for international clients.

Norway kicks out Swedish Match

Norway's sovereign wealth fund expels unethical tobacco producers.

Related news:
Swedish Match forms worldwide cigars giant

Norway sovereign wealth fund has kicks out 17 tobacco producers -- including Swedish Match -- from its 450 billion dollar portfolio for ethical reasons, the government said in a statement Tuesday.

'It is important that the ethical guidelines reflect at all times what can be considered to be commonly held values of the owners of the fund,' Finance Minister Sigbjorn Johnsen said. "The divestment of shares in these companies has now been completed".

Also British groups British American Tobacco and Imperial Tobacco, US groups Altria, Philip Morris and Reynolds American and Japanese company Japan Tobacco were expelled.

The Norwegian sovereign wealth fund -- which contains nearly all of the state revenues from the oil industry in Norway, one of the world's largest oil and gas exporters -- holds 1.0 percent of the world's total stock market capitalisation.

Shares in Swedish Match, tobacco producer founded in 1917 by the “Match-king” Ivar Kreuger and today specializing in snuff, cigars and lights products, dropped 0.80 percent in Stockholm.

The move was not unexpected. In April, Norway's then finance minister Kristin Halvorsen proposed that tobacco companies be included on the fund's blacklist, a proposal later approved by parliament.

The Norwegian fund has previously expelled companies that produce nuclear arms or cluster munitions, damage the environment or abuse human rights or workers rights.

The Government Pension Fund Global is managed by the central bank and uses income from Norway's petroleum wealth.

At the end of September, it was worth 2.549 trillion kroner (304.3 billion euros, 446.7 billion dollars), invested in international stocks and bonds.

In September last year state pension fund, one of the world's biggest investors, made headlines when it banned an Israeli company from its portfolio. Israeli group Elbit was accused of providing a surveillance system for the separation wall in the West Bank, which the International Court of Justice ruled illegal in 2004, according to AFP. The Israeli foreign ministry in turn summoned Norway's ambassador to protest the move.

The excluded tobacco companies are: Alliance One International, Altria Group, British American Tobacco Plc and British American Tobacco BHD, Gudang Garam tbk PT, Imperial Tobacco Group, ITC, Japan Tobacco, KT&G Corp, Lorillard, Philip Morris International and Philip Morris Cr AS, Reynolds American Inc, Souza Cruz, Swedish Match, Universal Corp and Vector Group Ltd.

Companies that only make additives or filters were not affected by the move.

Last Updated (Tuesday, 19 January 2010 16:09)

 

Latest Jobs for English speakers in Sweden

Banner

Jobs for English speakers in Sweden

Banner
Banner
Most Read Searched  
Banner
Banner
Banner