Sweden

Hazeltree, a data and technology firm, said that shortsellers had targeted a broader range of equity sectors before President Donald Trump announced his "Liberation Day", or April 2, tariff announcement. They also raised negative bets against a group of large tech stocks. Super Micro Computer was the most popular security. It knocked oil and gas producer Chevron from the top spot it held for two months. Prior to this, tech stocks dominated the top 10 list of most-shorted U.S. Large Caps. Hazeltree reported that only five of the top 10 stocks most shorted in March were tech shares, compared to...

These are the most popular stories from the Financial Times. These stories have not been verified and we cannot vouch their accuracy. Headlines Volvo Cars brings former boss back to provide a'steady' hand Trump threatens to impose secondary tariffs on Russian Oil if there is no agreement on Ukraine Isar declares launch of rocket a success, despite first-time failure to reach orbit Task force urges to eliminate oil and gas windfall taxes before 2030 View the full article Volvo Cars has appointed Hakan Samuelsson as its new chief executive after warning last month of a potentially challenging 2025. Donald Trump,...

At a Beijing business forum on Sunday, Chinese Premier Li Qiang called for countries to expand their markets in order to combat the "rising uncertainty and instability" as China prepares to face further U.S. trade tariffs. State media reported that Li said, "In an increasingly fragmented and uncertain world, with rising instabilities and uncertainties, it's more important for countries to open their markets and enterprise... to resist challenges and risks." He was speaking to dozens of visiting U.S. Republican senator Steve Daines and dozens other foreign CEOs at the China Development Forum. Sources previously said that foreign CEOs, including Tim...

Cognite, a Saudi Aramco-backed software company for industrial applications in Bengaluru in southern India, opened its AI service center on Wednesday and announced that it was exploring possible contracts with the top conglomerates of the country. The company declined to give further details, but said that it had signed agreements with two major automobile companies and a large industrial-cement company. Hakon Bjerke, chief strategy officer at Cognite, said that the company is "betting on India" and investing millions of dollars in India. Cognite produces software to help companies improve the safety and operation of industrial installations such as oil and...

Microsoft's director of AI Infrastructure, who is responsible for the data centres, said that Microsoft will shift its strategy so as to be driven more by power availability than by user demand or supply. The Nordic region, he added, would be a great place to have emission-free capability to support artificial intelligence. Microsoft, which has about 300 data centres around the world and will invest an additional $80 billion in them before the end of the month, is aiming to be carbon-negative by 2030. This means it must find a renewable energy source that emits no emissions to support the...

The Finnish utility Fortum reported on Tuesday that its fourth-quarter operating profit was below analysts' expectations. It cited lower volumes of hydro and nuclear power and weaker prices. Fortum says that the fall in Nordic spot prices was partially offset by the ongoing recovery of Nordic power demand. According to a poll conducted by the company, analysts had expected 280 million euro in operating profit. Fortum CEO Markus Rauramo stated in a press release that the comparable operating profit of the Generation segment decreased due to lower volumes for hydro and nuclear and lower spot and hedge price. Operating profit...

Swedish telecom gear maker Ericsson anticipates the United States to continue to be at the forefront of technology development under President Donald Trump, which the business is prepared to make the most of, its chief technology officer said. The market is now in full-execution stage of OpenRAN, CTO Erik Ekudden informed the Reuters Global Markets Online forum, including: Of. course we plan to continue to lead and drive that industry. development. OpenRAN permits operators to mix and match suppliers in their. radio networks. Ericsson, Huawei and Nokia. , dominate the global telecoms equipment market with. their proprietary technologies. The focus...

Norwegian industrial software company Cognite strategies to move its head office to the U.S. this year to gain access to fastergrowing markets in North America, Asia, and the Middle East, its cofounder John Markus Lervik told Reuters on Tuesday. Lervik told the Reuters Global Markets Forum that Europe's. regulative environment was hindering growth. We are doubling down in the U.S., and with the new. president's concentrate on financial investment, we're growing additional. strongly, with over 100 open positions, he stated. Donald Trump's second presidency, marked by trade hazards. and sweeping executive actions, positions fresh threats for European. players as tariffs...

Six European Union countries called on the European Commission to decrease the $60 per barrel price cap put on Russian oil by G7 countries, arguing it would decrease Moscow's revenues to continue the war in Ukraine while not causing a market shock. Cost caps on Russian seaborne crude in addition to refined petroleum items were set by G7 countries to suppress Moscow's. profits from oil trade and in this method limitation the nation's. capability to fund its invasion of Ukraine. Procedures that target incomes from the export of oil are. crucial considering that they lower Russia's single most important earnings....

An increase in investor advocacy in Japan is poised to fuel a new age of management buyouts by establishing families, after the fight for 7Eleven's parent business prompted a $58 billion takeover offer from the Ito dynasty that built the retail giant. Seven & & i Holdings Vice President Junro Ito swooped in last month with a deal to take private the company established by his late father in what would be the biggest ever management buyout (MBO). Ito's white knight bid appears developed to keep 7 & & i. far from Canada's Alimentation Couche-Tard, which. revealed a takeover proposition...

Personal equity company EQT said on Thursday it is introducing a brand-new energy shift financial investment method with the acquisition of ju: niz. Energy, a German battery storage organization. Under EQT Infrastructure, the method will see investment. directed towards companies operating in new energy transition. infrastructure, such as electrification, electrical lorry. charging, electric heat pumps, advanced recycling and battery. storage across The United States and Canada, Europe and Asia Pacific. The acquisition of ju: niz Energy, headquartered in Aschheim,. Germany, from its founder for an undisclosed quantity, will be. moneyed with balance sheet capital, EQT said. Investments under the method...

Private equity firm EQT is releasing a brand-new energy shift fund by obtaining ju: niz Energy, a German battery storage company, sources acquainted with the matter informed Reuters. The fund will become part of EQT Infrastructure and purchase companies running in the energy transition area, such as companies in electrification, electric lorry charging, electrical heat pumps, advanced recycling and battery storage throughout The United States And Canada, Europe and Asia Pacific, the sources said, speaking on condition of anonymity. Its very first investment is the acquisition of ju: niz Energy, headquartered in Aschheim, Germany, from its creator for an undisclosed...

The latest earnings estimates showed that the outlook for European corporate health is improving. According to data from LSEG, European companies will report an average increase of 1.9% for their first quarter earnings. This is better than the 0.4% analysts had predicted a week earlier. This improvement comes after 59.6% STOXX600 companies have already exceeded analyst expectations in the first quarter. LSEG data shows that at the time of Donald Trump's inauguration, in January, forecasts called for a 3.5% rise in earnings for the first quarter. However, this was reversed following Trump's announcements on tariffs in April, with expectations of...

Rosatom, a Russian company, has filed a suit in Moscow against Finland’s Fortum and Outokumpu. The lawsuit demands 227,8 billion roubles (2.8 billion dollars) as compensation for losses resulting from the termination of the contract for the Hanhikivi-1 Nuclear Power Plant in Finland. The dispute between Rosatom and the former Finnish partners over the cancelled contract dates back to May 2022. This was when the Finnish partner terminated the contract shortly after the conflict in Ukraine 2022 began. They cited significant delays, risks of political nature, and doubts regarding the feasibility of the project. Rosatom, which announced its intention to...

The court in Sweden granted permission to Heidelberg Materials Cement on Wednesday for it to continue mining the limestone at its quarry located on the island Gotland. This secures the future of this plant, which supplies 75% of all the cement produced in the country. A court in 2021 rejected an extension of the quarrying on the Slite site. This led to warnings about cement rationing, and the loss of jobs across the construction industry. Slite's future was still in doubt, but the government reversed the court decision. The company received a four-year concession for 2022. The firm has been...

Volvo Cars announced on Monday a 11% decline in April sales, to 58.881 vehicles, compared with a year ago, which sent its shares lower. Volvo Cars, owned by China's Geely and majority-owned, reported in a press release that sales of electric vehicles fell 32%, accounting for only 20% of the total volume of sales. The sales of all electrified vehicles, including plug-in hybrids and electric cars, fell by 16%, accounting for 45%. Volvo Cars under pressure from Donald Trump's new administration Tariffs Juggling is the task Working with Geely, to reduce costs and continue to sell cars to American consumers...

The weak market and lower prices in North America have impacted the operating profit of Swedish steelmaker SSAB by 57%. The operating profit fell to 1,35 billion Swedish crowns (140.29 millions) from 3,16 billion crowns in the quarter January-March, compared with 3.16 billion crowns one year ago. The European steel industry is now facing increased import duties from the United States, in addition to being under pressure by cheap Chinese steel and rising energy costs. SSAB which has steel businesses in both Europe and America, stated in a press release that the tariffs imposed by President Donald Trump on the...

Volvo Cars, a Swedish automaker, announced cost reductions of 18 billion Swedish crowns (1.8 billion dollars) on Tuesday after its operating profit dropped sharply amid the difficult automotive market conditions. The operating profit of the company, owned by China's Geely in majority, was 1.9 billion Swedish Crowns from January to March, compared with 4.7 billion crowns the previous year. The company announced that the cost reductions, which are part of its new "cost-and-cash action plan", include layoffs, and a greater decrease in investment than previously expected. It also said it had withdrawn the financial guidance for the following two years....

Trelleborg, a Swedish industrial group, said that it sees only a small direct impact of the U.S. tariffs. It expects to manage this through production adjustments and increased prices. Trelleborg will tackle tariff challenges by optimising and localising production, managing prices and ensuring flexibility in global operations. In a recent earnings report, the company said that indirect effects, such as disruptions in supply chains and higher costs of raw materials, could still have a negative impact on business. According to LSEG, the adjusted operating profit before amortization rose to 1,62 billion Swedish Crowns ($169 millions) in the third quarter, which...

Sources and a letter indicated that Ursula von der Leyen, President of the European Commission, spoke with representatives from the metals sector on Monday. She then addressed the automotive industry to discuss ways to respond to U.S. Tariffs. The calls were held to gather more information to strategise future trade countermeasures, beyond Brussels' forthcoming response to Washington's steel duties that have been announced previously and which will be voted upon later this week. Tuesday is set for a third call with representatives of the European pharmaceuticals sector. Investors feared that the tariffs Trump announced last weekend could lead to higher...

Scania, the Swedish truck maker and shareholder of Northvolt, a struggling battery manufacturer, announced on Monday that it had acquired an alternative supply for battery cells in an effort to diversify their supply chain. Northvolt, once regarded as Europe's top contender for the electric vehicle battery leader, filed for Chapter 11 bankruptcy protection in November last year and is now seeking to raise money and restructure their debt. Scania stepped up to help Northvolt run its flagship factory in northern Sweden, in order to improve quality and production at the electric car battery manufacturer. Scania, owned by Traton, and its...

Sweden's LKAB might provide around 18% of Europe's uncommon earth metal demand in the long term if its north Arctic Per Geijer mine enters production, the company stated on Tuesday as it began building and construction of an associated processing center. Uncommon earths are a group of 17 metals crucial to items from lasers to iPhones and green technology secret to meeting Europe's environment goals. State-owned LKAB broke ground on Tuesday on its 800 million crown ($ 73 million) Lulea plant in northern Sweden, which will process mining waste, including potentially from Per Geijer, into rare earth concentrate, phosphoric acid...

Novo Nordisk's Wegovy and Eli Lilly's Zepbound are up until now the leaders in the weightloss drug market, which is estimated to be worth about $ 150 billion by the early 2030s. There are also a number of other drug developers intending to join the bandwagon. The following is a list of publicly noted business targeting the next huge blockbuster chance: NOVO NORDISK Novo's closely-watched weight problems drug candidate CagriSema assisted overweight patients cut their weight by 22.7% in a. late-stage trial, but that was below its own expectations of up. to 25% reduction. The data compares to weight-loss of...

Northvolt's. monetary collapse has actually not totally crushed Europe's dream of. establishing its own electric car batteries but satisfying it. is likely to require Chinese cash and knowledge. InoBat CEO Marian Bocek's Slovakian start-up had to work. hard to secure financing till China's fifth-largest battery maker. Gotion bought a 25% stake last year and formed a. joint endeavor with InoBat to construct European gigafactories. On Friday, InoBat revealed 100 million euros ($ 104 million). in Series C financing, taking its total raised to well over 400. million euros. Coming simply weeks after Northvolt's failure, the investment. shows European EV battery...