"To be honest, I do not feel I deserve to be in the company of so many of the transformative figures who have been honored by this prize.", US President Barack Obama said Friday.

• Taliban condemn Obama as Nobel Prize winner
• Afghanistan: Obama the right man to win

STOCK MARKET – The report season has kicked off in a positive direction and Swedish stocks are expected to gain during the upcoming weeks, analyst said.

US President Barack Obama on Friday won the Nobel Peace Prize less than a year after he took office.

• 'Who, Obama? So fast? Too fast' • Iran: Prize will help Obama to end world injustice •Afghanistan: Obama the right man to win • Taliban condemn Obama as Nobel Prize winner • Wall Street: Mixed reviews on Obama prize • Nobel prize raises Obama expectations • EU: Obama award encouragement for peace • Nobel Prize to 'encourage'' Obama's Middle East peace efforts • Statement from the Norwegian Nobel Committee • Last will and testament of Alfred Nobel

Pilots at ailing airline SAS has agreed to a 10 percent pay cut – while discussions with other unions are going less smoothly.

The defense lawyer slams court evidence against The Pirate Bay, put forward by a Dutch anti-piracy group, as “fake, deceptive and completely unreliable”.

• The Pirate Bay reopened – from warfare bunker

Finnish industrial production contracted in August on an annual basis for the 10th straight month.

• Fall in Swedish industry hampers recovery

Sweden plans to scrap its 25-year statute of limitations on murder, just over a year before the statute expires on the unsolved 1986 killing of Swedish prime minister Olof Palme.

Sweden’s government will extend its guarantee scheme for borrowing by the country's banks for another six months.

Herta Müller, whose upbringing under Romania's oppressive communist regime inspired poetry and novels, on the Nobel Literature Prize.

• Record year for female Nobel laureates
• Women winners of the Nobel Literature Prize

Literature laureate Herta Müller was the fourth woman to win a Nobel prize this week, making 2009 a record year for the number of female laureates.

Sweden’s largest phone company Telia has signed a two-year deal with popular streaming music service Spotify.

• Spotify eyeing stock-exchange listing

Sweden-based Volvo Car’s chief executive officer Stephen Odell is said to be leaving the carmaker before the turn of the year.

A continued fall in Sweden’s industrial production and new orders indicates a slow recovery of the economy.

• Swedish 'double dip' may hit the stock market

The Nobel Literature Prize could go to a poet for the first time since 1996, Swedish literary circles speculate.

• The Nobel Prizes in numbers - thrilling facts

Latvia's plan to limit what banks in the Baltic state can collect from mortgage-holders may be a heavy blow to Swedish banks.

• Latvia faces choice between 'bad and worse'

Swedish Prime Minister Fredrik Reinfeldt warned the Czech Republic of the costs of further delaying the EU reform treaty as the eurosceptic Czech president holds out against the pact.

• Sweden presses London over EU treaty

Pirate Bay suitor GGF admits that the acquisition of the file-sharing site is in danger of falling apart.

• The Pirate Bay reopened – from warfare bunker

Finland’s Evli Bank will acquire Swedish investment bank Carnegie’s asset management operations in Finland.

Swedish-Swiss engineering group ABB was fined 33.75 million euros by the EU for its part in a "gentleman's" cartel.

Latvia faces a choice between a bad economic scenario and a worse one, the crisis-stricken country's Prime Minister warned after increased pressure from Sweden.

• Sweden’s Riksbank not worried about Latvia crisis • Swedish banks plunged after Latvia warning • Swedbank will not abandon Latvia