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☆ A Chinese ship was near both subsea internet cables that were mysteriously cut, report says
▼ + stars: | 2024-11-20 | by ( Mikhaila Friel | Tom Porter | ) www.businessinsider.com time to read: +3 min

AdvertisementA Chinese ship was seen near severed Baltic Sea internet cables, the FT reported. Sweden is investigating the sighting of a Chinese vessel near where two Baltic Sea internet cables were severed, the Financial Times reported. AdvertisementThe Danish defense ministry said it was "in the area near" the Chinese ship in a statement on X Wednesday, amid unconfirmed reports that Danish officials had boarded the vessel. The International Union of Marine Insurance estimates that repairing damaged cables usually costs between $7 and $12 million. AdvertisementIt comes amid tensions between the West and China over its support of Russia in the war against Ukraine.

Persons: Boris Pistorius, Yi Peng, Erin Murphy, Murphy Organizations: Financial Times, FT, Danish Navy, Strategic, International, Russia, Foreign, International Union of Marine Insurance, Ukraine, Sweden's Ministry, Foreign Affairs, Marine, China's Embassy, Business Locations: Sweden, China, Lithuania, Sweden's Gotland, Russia, Ukraine, Germany, Finland, France, Italy, Poland, Britain, Egypt, Gulf of Finland, West

☆ 2 cut undersea internet cables — a suspected Russian sabotage — highlight a fragile global network
▼ + stars: | 2024-11-19 | by ( Tom Porter | ) www.businessinsider.com time to read: +5 min

AdvertisementTwo subsea data cables in the Baltic Sea were damaged this week. Two subsea telecoms cables in the Baltic Sea have been damaged in a suspected act of Russian sabotage, highlighting the fragility of the world's data networks. AdvertisementThe impactAs the world has become more dependent on the internet, subsea cables have become increasingly vital. The cables carry vital internet data between countries, including streaming services and financial information. "The writing has been on the wall for a while now relating to subsea cable disruption.

Persons: Boris Pistorius, Telia, Cinia, Carl, Oskar Bohlin, Gregory Falco Organizations: Cables, Telia, NATO, International Union of Marine Insurance, TRT, General Staff, Directorate, West, Cornell University, BI, CSIS, Analysts, Atlantic Council Locations: Baltic, Germany, Finland, Lithuania, Sweden's Gotland, Russia, Ukraine, Lofoten, Norway

☆ America's defeat in Vietnam offers a game plan for Ukrainian victory
▼ + stars: | 2024-11-16 | by ( ) www.businessinsider.com time to read: +7 min

Ukraine can defeat Russia if it and its Western backers learn from America's failure in the Vietnam War, a Ukrainian security expert argues. Danylyuk attributes America's failure in Vietnam to a "protracted multi-dimensional strategy by the Soviet Union, on whose help it was completely dependent." Crucial ways to defeat Russia's invasion can be found in the Soviet Union's multi-pronged strategy in Vietnam, analyst Oleksandr Danylyuk says. AP Photo/John T. WheelerThe first prong of this strategy would be to "stabilize the frontline and to render any successful offensive actions by Russian troops impossible." "The only explanation for the lack of a mass anti-war movement and large-scale protests is the absence of an organized and popular opposition in Russia," Danylyuk said.

Persons: Ukraine's, Oleksandr Danylyuk, Danylyuk, Johnson, Nixon, John T, Wheeler, Vladimir Putin's, Michael Peck Organizations: Ukraine, Royal United Services Institute, Ukrainian, Soviet, Communist bloc, AP, Gripen, Meteor, MiG, Defense, Foreign Policy, Rutgers Univ, Twitter, LinkedIn Locations: Soviet, Vietnam, Ukraine, Russia, Ukrainian, British, China, Soviet Union, Hanoi, Saigon, South Vietnam, Vietnam's, Viet, Moscow, Saudi Arabia, Russian, Kabul, Forbes

☆ These 2 stocks beat the S&P 500 in election Novembers no matter who won
▼ + stars: | 2024-11-06 | by ( Ganesh Rao | ) www.cnbc.com time to read: +3 min

Two stocks have outperformed the S & P 500 every November when elections have been held over the past three decades — regardless of the outcome, according to a CNBC Pro study. Electrical and industrials giant Eaton Corporation and Sweden's second-largest lender, Svenska Handelsbanken , are the two stocks that beat the U.S. benchmark in November every election year. CNBC Pro screened for stocks currently in the MSCI World Index that gained more than the S & P 500 — or lost less than the index — in November of every election year since 1988. Every time is different Historical performance is never a guarantee of future performance, and stocks often move for idiosyncratic reasons. This year, for instance, the Federal Reserve is expected to announce a decision on interest rates on Thursday, which could also influence the trajectory of stocks.

Persons: Brett Linzey, Mizuho, Eaton, Arctic's Roy Tilley, Henry Allen, Pfizer's, Barack Obama, Allen Organizations: CNBC, Eaton Corporation, Svenska, CNBC Pro, Eaton Corp, Mizuho, Svenska Handelsbanken, Arctic Securities, Federal Reserve, Deutsche Locations: U.S, Industrials, Sweden, Greece, Europe

☆ A NATO country rejected offshore wind farms it said could slow its response to a Russian missile attack
▼ + stars: | 2024-11-04 | by ( Mia Jankowicz | ) www.businessinsider.com time to read: +3 min

Sweden has dropped plans for 13 wind farms in the Baltic Sea due to security concerns. Wind turbines could interfere with radar and slow Sweden's missile response, its army said. A recent study found that an additional minute could be added to the country's missile response time. Sweden, which joined NATO earlier this year, shares a coast on the Baltic Sea with Russia. The reaction time in the event of a missile attack could go from 2 minutes to 60 seconds with wind farms in the way.

Persons: Pål Jonson, Jonson Organizations: Service, NATO Locations: Sweden, Baltic, Russia

☆ Ukraine needs F-16s now, but this rugged jet made for the Russia threat could be the better choice for its future fighter fleet
▼ + stars: | 2024-10-25 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +8 min

Ukraine needs its F-16s, but it should get Gripen jets to help fight Russia long-term, experts said. A Ukrainian Air Force F-16 fighter jet flies in an undisclosed location in Ukraine on August 4. A Ukrainian air force F-16 fighter jet flies in an undisclosed location in Ukraine on August 4. Three Swedish Saab JAS-39 Gripen fighter jets escort a B-52H Stratofortress in flight. AdvertisementUkrainian President Volodymyr Zelenskyi in front of the first F-16 fighter jets received by Ukraine.

Persons: —, Michael Bohnert, They're, Bohnert, Gordon, Skip, Davis, You'll, Swedish Saab JAS, Corban Lundborg, Mats Helgesson, Sukhois, Oleg V, AirTeamImages Gordon, they're, Saab JAS, PATRICK TRAGARDH, Lloyd Austin, Volodymyr Zelenskyi, Vitalii, Tim Robinson Organizations: Gripen, Service, RAND Corporation, Saab AB, Ukrainian Air Force, AP, US Army, Defense Investment Division, Russia, Royal United Services Institute, NATO, Swedish Saab, Tech, US Air Force, Sweden's Saab Gripen, Swedish Gripen, Saab, Getty, Defense, UK's Royal Aeronautical Society Locations: Ukraine, Russia, Swedish, Sweden, Europe, Germany, Ukrainian, Russia Sweden, AFP

☆ Sweden's Volvo says deputy CEO to step down in management reshuffle as EV demand slows
▼ + stars: | 2024-10-09 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +1 min

Swedish automaker Volvo Cars on Wednesday announced deputy CEO Björn Annwall will step down from his current role as part of a management reshuffle designed to increase simplicity and collaboration in the organization. It comes shortly after Volvo Cars abandoned its near-term goal of selling only electric vehicles (EVs), citing a need to be "pragmatic and flexible." "In a rapidly changing world, we need to ensure our organisation is equipped to navigate a more challenging market," Jim Rowan, CEO at Volvo Cars, said in a written statement. "We are now regrouping our commercial leadership team with a focus on making Volvo Cars even stronger with increased speed and efficiency," he added. Volvo Cars said it was taking these steps to navigate challenges facing the automotive industry, such as headwinds driven by geopolitical and macroeconomic uncertainties, market sentiment, rapid technology shifts and supply chains.

Persons: Björn Annwall, Jim Rowan, Annwall, Arek Nowinski, Gretchen Saegh, Fleming, Oscar Bertilsson Olsborg Organizations: Volvo, Wednesday, Volvo Cars Locations: China

☆ Swedish battery maker Northvolt says head of Europe’s first homegrown gigafactory to step down
▼ + stars: | 2024-10-09 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +1 min

Employees of the State Archaeological Office have hung pictures of finds from a construction trailer during a main archaeological investigation on the Northvolt site. Sweden's Northvolt on Wednesday said the head of its main plant, Europe's first homegrown gigafactory for lithium-ion battery cells, will step down with immediate effect. The position will be held until the end of the year as the company seeks to secure a permanent replacement for CEO of Northvolt Ett, it added. Based in Stockholm, Sweden, Northvolt is one of Europe's most valuable privately held tech firms that builds lithium-ion batteries for the electric vehicle industry. The strategic action required the company to cut a total of 1,600 jobs in Sweden, Northvolt said.

Persons: Northvolt, Mark Duchesne, Northvolt Ett, Angéline J, Bilodeau Organizations: Office, Volkswagen, Volvo Locations: Sweden, North America, Stockholm

☆ Sweden told people to open their hearts to immigrants 10 years ago. Its U-turn has been dramatic
▼ + stars: | 2024-10-07 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +8 min

Sweden registered 81,301 asylum seekers in 2014, data shows. Jonas Ekstromer | Afp | Getty Images"It pains me that Sweden is no longer capable of receiving asylum seekers at the high level we do today. Since then, Sweden's immigration policy has been on a one-way street. A decade ago, all member states of the European Union were encouraged to welcome asylum seekers and refugees fleeing conflict zones in the Middle East, notably Syria but also Iraq and Afghanistan. This year, Sweden is expected to have its lowest number of asylum seekers since 1997.

Persons: Laurie Noble, Sweden's, Fredrik Reinfeldt, Jonas Ekstromer, Stefan Löfven, Jimmie Akesson, Ulf Kristersson, Ebba Busch, Johan Pehrson, Kristersson, Linnea Rheborg, Jacob Lind, " Lind, Lind, Lesbos Spencer Platt, Migration Maria Malmer Stenergard Organizations: Stone, Getty, Afp, Sweden Democrats, Sweden, Moderate, Liberal, Christian Democrats, Malmö University, CNBC, European, UN Refugee Agency, Swedish Migration Agency, EU, Migration, Nurphoto Locations: Stockholm, Sweden, Europe, Syria, Malmo, Iraq, Iran, Somalia, Afghanistan, Swedish, Sundbyberg, Germany, Lesbos, Stockholm City

☆ Sweden's Volvo Cars scraps plan to sell only electric vehicles by 2030
▼ + stars: | 2024-09-04 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +1 min

Volvo Cars, which is owned by China's Geely Holding, had been among the first legacy carmakers to promise a complete switch to EVs. The firm said its long-term aim remains to become a fully electric carmaker. The target replaces a 2021 pledge for Volvo Cars' lineup to be fully electric by the end of the decade. The move means Volvo Cars follows in the footsteps of other industry players in scaling back its EV ambitions. Shares of Volvo Cars traded more than 4% lower Wednesday.

Persons: China's Geely, carmakers, Mercedes, Jim Rowan Organizations: Volvo, China's, Volvo Cars, Benz Group, Volkswagen Locations: Germany

☆ Canada's 'shoestring' navy needs drastic changes to buy the new submarine fleet it wants
▼ + stars: | 2024-07-28 | by ( Michael Peck | ) www.businessinsider.com time to read: +8 min

Submarines could be very useful for defense of Canadian territory, or asserting a presence in contested Arctic waters. But tripling Canada's submarine fleet will require more than buying new boats. AdvertisementThough Canada acquired its first submarine in 1914, its recent experience with undersea boats has not been a happy one. In 1998, the Royal Canadian Navy bought four used British Upholder-class diesel-electric subs that became surplus as Britain switched to an all-nuclear submarine fleet. Several foreign shipbuilders have expressed interest in selling subs to Canada, including South Korea's Hanwha Ocean and Sweden's Saab.

Persons: —, Paul Mitchell, Mitchell, Refits, Sweden's, Michael Peck Organizations: Service, Royal Canadian Navy, NATO, Business, Canadian Forces College, Canada's Department of National Defense, East, Pacific, RCN, Britain, Sweden's Saab, Canada, Shipbuilding Strategy, Royal Canadian Air Force, Defense, Foreign Policy, Rutgers Univ, Twitter, LinkedIn Locations: Canada, Britain, Germany, Victoria, Canadian, Russia, China, Pacific, Davis, Taiwan, Japan, Korea, Barents, West, British Columbia, South, Forbes

☆ Sweden's Riksbank has done a good job overall, says Swedbank CEO
▼ + stars: | 2024-07-16 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSweden's Riksbank has done a good job overall, says Swedbank CEOJens Henriksson, CEO of Swedbank, says Sweden's central bank has been a "steady hand in a difficult time," particularly when it comes to wage agreements and inflation expectations.

Persons: Jens Henriksson

☆ Sweden's Prime Minister Kristersson: We bring stability
▼ + stars: | 2024-07-11 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSweden's Prime Minister Kristersson: We bring stabilitySwedish Prime Minister Ulf Kristersson says the country joined NATO for common security.

Persons: Kristersson, Ulf Kristersson Organizations: Sweden's, NATO Locations: Swedish

☆ Sweden brings 'geography and capacity' to NATO, Prime Minister Ulf Kristersson says
▼ + stars: | 2024-07-10 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSweden brings 'geography and capacity' to NATO, Prime Minister Ulf Kristersson saysSweden's Prime Minister Ulf Kristersson discusses the country's NATO membership and the war between Russia and Ukraine.

Persons: Ulf Kristersson Organizations: Sweden, NATO, Sweden's Locations: Russia, Ukraine

☆ Here's how much it cost this Swiftie to chase his idol across 4 countries and 10 shows
▼ + stars: | 2024-07-02 | by ( Aditi Bharade | ) www.businessinsider.com time to read: +5 min

He added that he lived vicariously through Swift's music in his formative years. $230 on Eras Tour merchHe spent about $230 on official Eras Tour souvenirs, which included two t-shirts, one hoodie, and one crewneck sweater. Swifties are shelling out big time for the Eras TourJailani is not the only one willing to spend big bucks for the Eras Tour. A report by research company QuestionPro found that Swifties were spending $1,300 on average to attend the Eras Tour. According to Rolling Stone, a 27-year-old fan visited the Eras Tour 20 times across North America.

Persons: —, Daniel Jailani, Taylor Swift, Jailani, Swift, Daniel Jailani Jailani, QuestionPro, Rolling Organizations: Service, Business, Wembley, —, Singapore Coldplay, Singapore Airlines, Swift's, Tourist Italy, BMI, Fitch Solutions Locations: Singapore, Australia, France, United Kingdom, He's, London, Melbourne, Lyon, Paris, Here's, North America, Europe, Milan, Italian, Portugal, Spain, Swiftonomics, Canada

☆ There is one European country where Taylor Swift didn't change the economy so far
▼ + stars: | 2024-06-28 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewTaylor Swift's Eras Tour has made it to five European countries so far. Portugal, Spain, and Sweden's hotel prices in May increased several times' their 2021-2023 average. The Eras tour has had a massive economic impact on other countries. In Chicago, Eras tour dates led to 96.8% hotel room occupancy, an all-time high for the city, per the BMI report.

Persons: —, Swift, QuestionPro, concertgoers, Taylor Swift's, Ben Julius Organizations: Service, BMI, Fitch Solutions, Business, Philadelphia Federal Reserve, MBI, Tourist Italy Locations: France, Portugal, Spain, Paris, Lyon, Netherlands, Ireland, Austria, Switzerland, Chicago, Italy, Milan

☆ Sweden's central bank chief says 2 to 3 more rate cuts this year is a 'forecast not a promise'
▼ + stars: | 2024-06-27 | by ( Jenni Reid | ) www.cnbc.com time to read: +1 min

"Two or three cuts is a forecast, it's not a promise, and we will adapt monetary policy according to incoming information," Thedéen told CNBC's Arabile Gumede. "Our inflation forecast is pointing to a good inflation outlook, we're still already now very close to our target and our forecast has pointed to 2% inflation in the coming months and years," Thedéen said. In order to deliver more rate cuts, "we don't need to have a super positive surprise, we need to have data coming in in-line overall. So I think that would be the main message," Thedéen told CNBC. Headline inflation in Sweden was 3.7% in May, slightly higher than the 3.5% forecast in a Reuters poll of economists.

Persons: Sweden's Riksbank, Erik Thedéen, Thedéen, CNBC's Arabile, we're Organizations: CNBC Locations: Norway, Swedish, Sweden

☆ Sweden central bank governor: Two to three more rate cuts this year is our best forecast
▼ + stars: | 2024-06-27 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSweden central bank governor: Two to three more rate cuts this year is our best forecastErik Thedéen, governor of Sweden's Riksbank, discusses the central bank's decision to hold rates in June and the factors behind its inflation outlook.

Persons: Erik Thedéen, Sweden's Riksbank Locations: Sweden

☆ A new plane Ukraine is getting will amplify its F-16s and eat into Russia's advantage in the air, experts say
▼ + stars: | 2024-06-14 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +4 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewThe arrival of a new type of aircraft for Ukraine will give it an advantage it's not had before, and will help boost the effectiveness of its promised F-16s, experts told Business Insider. Sweden announced late last month that it is giving Ukraine two ASC 890 airborne control and surveillance aircraft, which act as command centers in the air. They remain highly vulnerableDuring the war, Russia has been using its own A-50 Airborne Early Warning & Control aircraft to monitor Ukraine's air space and coordinate attacks. AdvertisementThe experts said hanging back is also likely the best approach for Ukraine's first F-16s, so the jets can protect cities and infrastructure while staying away from most of Russia's weaponry.

Persons: —, it's, Ukraine Tim Robinson, Pal Jonson, Jose Miguel T, Mark Cancian, Peter Layton, Alexander Zemlianichenko, Layton, Cancian Organizations: Service, Ukraine, Business, UK's Royal Aeronautical Society, Swedish, US Air Force, Marine, Center for Strategic, International Studies, Griffith Asia Institute, Royal Australian Air Force, Control, AP, Aircraft Locations: Ukraine, Sweden, Swedish, Russia, Denmark, Netherlands, Norway, Belgium

☆ Bank of Canada cuts rates, economists predict another reduction next month
▼ + stars: | 2024-06-05 | by ( ) www.cnbc.com time to read: +2 min

The Bank of Canada in Ottawa, Ontario, Canada, on Thursday, May 18, 2023. After keeping interest rates at a more than two-decade high of 5% for almost a year, the BoC said the indicators for underlying inflation looked increasingly positive. The European Central Bank is most likely to follow suit on Thursday, financial markets foresee. Inflation in Canada has slowed this year to hit a three-year low of 2.7% in April. "But we are taking our interest rate decisions one meeting at a time," he added.

Persons: Macklem, Riksbank Organizations: Bank of Canada, The Bank of Canada, BoC, Financial, Reuters, Canadian, U.S ., Swiss National Bank, European Central Bank Locations: Ottawa , Ontario, Canada

☆ Supporting Ukraine is also an investment in our own security, Sweden's defense minister says
▼ + stars: | 2024-06-02 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSupporting Ukraine is also an investment in our own security, Sweden's defense minister saysPal Jonson, Sweden's minister for defense, says the country is sending a lot of defense equipment to Ukraine and will continue supporting the country for as long as possible.

Persons: Pal Jonson Locations: Ukraine

☆ This Swedish burger chain is pushing customers away from beef
▼ + stars: | 2024-05-30 | by ( Catherine Boudreau | ) www.businessinsider.com time to read: +5 min

One of Sweden's oldest burger chains wants its customers to stop eating so much red meat. Beef has the largest climate impact of any food, largely because cows burp methane and need vast amounts of land. Since then, Max Burgers has labeled menu items with their carbon footprints and started offering a lot more chicken and plant-based burgers. He added that because Max Burgers is family-owned, it can take more risks than publicly-traded fast food chains worried about their stock price. In 2016, the company quintupled its plant-based options, Török said, including a "green burger" that's been changed several times.

Persons: Max Burgers, Kaj Török, Török, we've, Taco Bell, Burger, Santo, he's Organizations: Service, Business, World Resources Institute Locations: Sweden, Norway, Denmark, Poland, Angeles, Los Angeles, Europe

☆ Why the Swedish and Finnish Air Forces are a powerful add to NATO
▼ + stars: | 2024-05-30 | by ( Michael Peck | ) www.businessinsider.com time to read: +7 min

Finland's F/A-18 Hornets — which used to be the US Navy's standard fighter — are already compatible with NATO air forces. This puts several squadrons of stealth fighters on Russia's northern border, with the potential to penetrate and suppress Russian air defenses, and hit vital targets. "Both Finland's and Sweden's proximity allows NATO air forces to stage closer to the Baltics. Similarly, Sweden's Gotland island — located almost midway in the Baltic, about 60 miles from the Swedish mainland and 80 miles from the Baltic States — provides NATO with an advanced outpost. Their air forces are vital for this Nordic push, and will become very useful to further deter and defend the increasingly contested arctic space with Russia."

Persons: Paul Cormarie, John Hoehn, Sweden's JAS, Finland's, Ian Valley, Hoehn, Cormarie, Michael Peck Organizations: Service, NATO, RAND, Corp, Modern, Institute, Business, Nordic, Gripen, UK's Royal Air Force, Finnish Air Force, US Army, —, Defense, Foreign Policy, Rutgers Univ, Twitter, LinkedIn Locations: Ukraine, Finland, Sweden, West, Russia, Finnish, Swedish, France, Germany, Warsaw, Poland, Europe, Rovaniemi, US Army Sweden, Baltic States, Baltic, Norway, Norwegian, North, Estonia, Latvia, Lithuania, Gotland, —, Pacific, United States, Taiwan, China, Forbes

☆ Sweden's early warning plane will be a boost for Ukraine's air defenses and F-16 fighters
▼ + stars: | 2024-05-29 | by ( Ella Sherman | ) www.businessinsider.com time to read: +1 min

Sweden will send an ASC 890 aircraft to Ukraine in a $1.23 billion aid package. The airborne early warning plane enhances Ukraine's range against airborne and maritime targets. AdvertisementSweden will be delivering an ASC 890 airborne early warning and control aircraft to Ukraine, stepping up its alert system and range, as part of its $1.23 billion aid package announced Wednesday. Pål Jonson, Sweden's minister of defense, said the aircraft will provide Ukraine "with a new capability against both airborne and maritime targets." With the contribution of the ASC 890, Jonson added that Ukraine's "capability to identify targets at long range will be strengthened."

Persons: —, Pål Jonson, Jonson Organizations: ASC, Service, Business Locations: Sweden, Ukraine

☆ This maker of seatbelts and airbags is a 'growth safe haven story,' says UBS in upgrade
▼ + stars: | 2024-05-28 | by ( Brian Evans | ) www.cnbc.com time to read: +1 min

Strong margins, revenue growth and insulation from automotive market headwinds have UBS labeling Sweden's Autoliv as a "growth safe haven story." Autoliv is isolated from short-term industry concerns, such as electric vehicle penetration, "intense capital allocation or China underexposure," UBS analyst Juan Perez-Carrascosa wrote on Tuesday. UBS upgraded Autoliv, a maker of seatbelts, airbags and steering wheels, to buy from neutral and raised its price target by 38% to $141 from $102, which was far below Friday's close at $125.73. The new target implies further upside of 12% for Autoliv, which is up 17% in 2024 after soaring 44% in 2023. ALV YTD mountain Autoliv stock has climbed more than 14% in 2024.

Persons: Sweden's, Juan Perez, Carrascosa, Perez Organizations: UBS Locations: China

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