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SWEDEN

LED lamp wins Nobel Physics prize for Japanese trio

STOCKHOLM, SWEDEN: Three Japanese-born researchers won the Nobel Prize for Physics for inventing the LED lamp, a boon in fighting global warming and aiding people in poverty.

8 Oct 2014

SWEDEN

Volkswagen buys Scania as Swedish shareholder sells stake

STOCKHOLM, SWEDEN: Volkswagen, Europe's biggest car manufacturer, was set to take full control of Swedish truck manufacturer Scania after a small but crucial shareholder agreed to sell its shares.

15 May 2014

SWEDEN

Volvo cuts 2,400 more jobs as truck sales drop

STOCKHOLM, SWEDEN - Swedish truck maker Volvo is cutting 2,400 jobs in addition to 2,000 cuts the group announced in October, in a move aimed at boosting falling profitability.

8 Feb 2014

SWEDEN

Swedish SKF's net profit drops in the third quarter

STOCKHOLM, SWEDEN: Swedish ball bearing manufacturer SKF announced a decrease of its net profit in the third quarter, amid lower-than-expected sales in its industrial business.

16 Oct 2013

SWEDEN

Mobile surfers boost Internet growth - Ericsson

STOCKHOLM, SWEDEN: Troubled telecommunications equipment manufacturer Ericsson said it was confident about prospects this year as more operators boost network capacity to meet growing demand for video streaming services such as YouTube.

5 Feb 2013

FRANCE

Renault sells stake in Volvo trucks

PARIS, FRANCE: Renault has sold its stake in Swedish truck manufacturer Volvo AB for €1.5bn to cut debt and make strategic investments.

14 Dec 2012

SWITZERLAND

IMD announces its 2012 World Competitiveness Rankings

LAUSANNE, SWITZERLAND: IMD, a top-ranked global business school based in Switzerland, has announced the findings of its annual World Competitiveness Yearbook (WCY). The WCY rankings measure how well countries manage their economic and human resources to increase their prosperity.

1 Jun 2012