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☆ Spain players decry 'systematic discrimination' toward women's team
▼ + stars: | 2023-09-21 | by ( ) www.reuters.com time to read: +3 min

GOTHENBURG, Sweden, Sept 21 (Reuters) - Spain's women soccer players said on Thursday the fight they have waged with the country's football federation (RFEF) followed decades of "systematic discrimination" and they hoped that it would inspire others to stand up for their rights. Following negotiations that went on into the early hours of Wednesday, a majority of players agreed to end their boycott. "We had been demanding that they listen to us for quite some time because we already knew that there had been systematic discrimination with the women's (team) for many decades," Putellas said at a press conference ahead of a Nation's League match against Sweden on Friday. Jorge Vilda, the coach who guided Spain to glory in the Women's World Cup, was dismissed earlier this month. Putellas said the players had not asked for Tome to be sacked.

Persons: Ballon, Alexia Putellas, Jenni Hermoso, Luis Rubiales, Putellas, Andreu Camps, Rubiales, Hermoso, Jorge Vilda, Irene Paredes, Paredes, Montse Tome, Tome, Charlie Devereux, David Latona, Toby Davis, Pritha Organizations: League, Sweden, Reuters, FIFA, UEFA, Switzerland, Thomson Locations: GOTHENBURG, Sweden, Spain, Madrid

☆ Spain's women players to end boycott after federation commit to change
▼ + stars: | 2023-09-20 | by ( Fernando Kallas | ) www.reuters.com time to read: +4 min

The decision was reached around 5 a.m. (0300 GMT) after more than seven hours of meetings at a hotel in Oliva, an hour from Valencia, involving the players, RFEF officials, the National Sports Council (CSD) and the women's players' union FUTPRO. "A joint commission will be created between RFEF, CSD and players to follow up on the agreements, which will be signed tomorrow," CSD President Victor Francos told reporters. "The players have expressed their concern about the need for profound changes in the RFEF, which has committed to making these changes immediately." The revolt by the players was triggered after former RFEF chief Rubiales kissed forward Hermoso on the lips following Spain's World Cup victory. Hermoso was not in the squad list announced on Monday and accused the RFEF of trying to divide and manipulate the players.

Persons: Jennifer Hermoso, Juan Medina, Rights OLIVA, Luis Rubiales, Jenni Hermoso, Victor Francos, Rafael del Amo, Amanda Gutierrez, Montse Tome, Francos, Rubiales, Hermoso, RFEF, Fernando Kallas, Peter Rutherford Organizations: Football, FIFA, REUTERS, Rights, National Sports Council, Women's Nations League, Sweden, Switzerland, Nations League, Olympic Games, Thomson Locations: New Zealand, Spain, Madrid, Oliva, Valencia, Gothenburg, Cordoba, Europe

☆ Exclusive: Senior Spanish soccer officials to leave or be fired after uproar over World Cup kiss-source
▼ + stars: | 2023-09-20 | by ( ) www.reuters.com time to read: +3 min

Pablo Garcia, a spokesman for the RFEF, did not immediately respond to a Reuters' request for comment. Spanish soccer has been in turmoil since Luis Rubiales, then the RFEF chief, kissed midfielder Jenni Hermoso on the lips during the World Cup presentation ceremony on Aug. 20. His actions outraged players, government officials and many in wider Spanish society and raised questions over sexism in sport. The RFEF said the word "female" would be removed from the women's national team's official brand to harmonise it with the men's squad. From now on, both will be known as "Spanish national football team".

Persons: Luis Rubiales, Jenni Hermoso, Bruna Casas, Pablo Garcia, Rafael Del Amo, Victor Francos, RFEF, Pedro Rocha, Aislinn Laing, Jon Boyle Organizations: Royal Spanish Football Federation, REUTERS, Bruna, Rights, Reuters, Spanish National Sports Council, Nation's League, Sweden, team's, Spanish national football team, Madrid, Thomson Locations: Sant, Barcelona, Spain, Rights MADRID, Valencia, Sweden, Gothenburg

MADRID, Sept 19 (Reuters) - Some of the rebel players from Spain's World Cup-winning women's squad who had threatened to boycott the national team in a push to stamp out sexism at the football federation (RFEF) on Tuesday reported for training under the threat of being sanctioned. Two sources close to players said they were expecting the whole squad to report in view of the threat of sanctions. Asked as she arrived at the hotel whether she was happy to have been selected for the team, Misa Rodriguez replied: "No." Hermoso was not on the squad list announced by new coach Montse Tome on Monday, which included 15 of the 23 cup-winning players. Reporting by Fernando Kallas and Guillermo Martinez; Writing by Charlie Devereux; Editing by Hugh LawsonOur Standards: The Thomson Reuters Trust Principles.

Persons: Misa Rodriguez, Olga Carmona, Oihane Hernandez, Eva Navarro, Tere Abelleira, Montse Tome, Luis Rubiales, Jorge Vilda, Jenni Hermoso, Rubiales, Ballon, Alexia Putellas, Hermoso, Vilda, Tome, Victor Francos, Francos, Isabel Rodriguez, Rodriguez, Fernando Kallas, Guillermo Martinez, Charlie Devereux, Hugh Lawson Organizations: Spanish, Women's Nations League, Sweden, Sports, Monday, SER, Switzerland, Nations League, Olympic Games, Thomson Locations: MADRID, Madrid's, Valencia, Spain, Gothenburg, Cordoba, Europe

☆ Sweden's Carl XVI Gustaf celebrates 50 years as king
▼ + stars: | 2023-09-15 | by ( ) www.reuters.com time to read: +2 min

Princess Madeleine, Chris O'Neill, Prince Daniel, Sweden's Queen Silvia, Sweden's King Carl Gustaf, Prince Carl Philip, Prince Daniel and Crown Princess Victoria watch from the balcony during the changing of the guard in the outer courtyard of Stockholm Palace on the occasion of King Carl XVI Gustaf's 50th anniversary on the throne, in Acquire Licensing Rights Read moreSTOCKHOLM, Sept 15 (Reuters) - Sweden's King Carl XVI Gustaf celebrated 50 years on the throne on Friday with ceremonies throughout the capital, including gun salutes, speeches and a lavish dinner with other heads of state. Friday is the culmination of a four-day celebration and the public was invited to the Stockholm palace courtyard to congratulate the 77-year-old king, the Nordic country's longest sitting monarch. The Swedish king is the official head of state but is largely confined to ceremonial and representative duties. Carl Gustaf ascended to the throne when he was 27 years old on Sept. 15, 1973, after the death of his grandfather Gustav VI Adolf. The king, who suffers from dyslexia, was often ridiculed in the early years of his reign for misspeaking during speeches.

Persons: Madeleine, Chris O'Neill, Prince Daniel, Sweden's Queen Silvia, Sweden's King Carl Gustaf, Prince Carl Philip, Victoria, King Carl XVI Gustaf's, King Carl XVI Gustaf, Carl Gustaf, Gustav VI Adolf, misspeaking, Johan Ahlander, Tom Little, Mark Heinrich Our Organizations: Crown, Nordic, Sweden, Gothenburg University, Thomson Locations: Stockholm, STOCKHOLM, Sweden, Southeast Asia, Brunei

☆ Ozempic, Wegovy may curb drinking, smoking and other addictive behaviors – here's what we know
▼ + stars: | 2023-09-10 | by ( Annika Kim Constantino | ) www.cnbc.com time to read: +7 min

Jaap Arriens | Nurphoto | Getty ImagesHeather Le Biller shed 9 pounds within the first week of taking Novo Nordisk 's blockbuster diabetes drug Ozempic – and then even more as she continued treatment. That means it could take years before the Food and Drug Administration and other regulators worldwide approve drugs like Ozempic and Wegovy as addiction treatments. Jerlhag and her colleagues at the University of Gothenburg in Sweden have studied the effect of GLP-1s on addictive behaviors for more than a decade. "The mechanism in the brain that regulates overeating is important in regulating addictive behaviors as well," Leggio told CNBC. Still, NIDA's Leggio advises against using GLP-1s off-label to reduce addictive behaviors, "simply because there's not enough evidence in humans that they work."

Persons: Jaap Arriens, Heather Le Biller, Ozempic –, Le Biller, they're, Angela Fitch, Brandon Bell, Dr, Lorenzo Leggio, semaglutide, –, Eli Lilly, pharmacologist, Jerlhag, George Frey, NIDA's, Leggio, Steven Batash, Batash, NIDA's Leggio Organizations: Nurphoto, Novo Nordisk, CNBC, Wegovy, Obesity Medicine Association, and Drug Administration, Pharma, National Institute on Drug, University of Gothenburg, Company, Reuters, Brigade, Getty Locations: Riga, Latvia, France, Ozempic, Novo, U.S, Italian, Austin , Texas, Sweden, Provo , Utah, Queens , New York

Factors such as cheaper airfares and weaker currencies in Scandinavia could play a role, but one of the world's biggest tour operators TUI (TUI1n.DE) said on Wednesday that climate change will also drive more tourists northbound. Tour operators in places like northern Norway also see an increased demand. This had resulted in more direct flight routes to Northern Norway being created, it said. Heather Storgaard, a Scottish tourist, planned her summer vacation this year in Denmark, with a stop in Northern Germany. Wissenbach is often in Italy due to work but said she preferred the north for holidays.

Persons: Sebastian Ebel, Ebel, TUI, Fabio Scaglione, Diego Bruno, Bruno, Heather Storgaard, we'd, Margit Wissenbach, Joanna Plucinska, Marie Mannes, Rachel More, Alberto Chiumento, Mark Potter, William Maclean Organizations: Mastercard, TUI's, Stockholm, Thomson Locations: Europe, Denmark, Finland, Netherlands, Norway, Sweden, Scandinavia, Poland, Belgium, Greece, Rhodes, Northern Norway, Turin, Italy, Italian, Spain, Scottish, Northern Germany, France, Germany, Switzerland, Gothenburg, Wissenbach

☆ Volvo Cars will use Tesla's Superchargers but not its autonomous driving tech. Its CEO explains why
▼ + stars: | 2023-07-21 | by ( Anmar Frangoul | ) www.cnbc.com time to read: +1 min

Volvo Cars CEO Jim Rowan photographed in Nov. 2022. Volvo Cars does not plan to use autonomous driving technology from Tesla and will instead focus on developing its own systems, according to the company's CEO. Speaking to CNBC's "Squawk Box Europe" on Thursday morning, Volvo Cars chief Jim Rowan was asked whether this meant the business would consider using Tesla's autonomous driving tech in the future. "And we've chosen that we want to be in full control of our ADAS [advanced driver assistance systems], all the way up to full AD [autonomous driving] software," he added. In a sign of how the company's strategy is taking shape, Volvo Cars announced late last year that it had taken full ownership of Zenseact, a business specializing in AD software.

Persons: Jim Rowan, carmaker, Elon, Tesla, We've, Rowan Organizations: Volvo, Elon Musk's, Volvo Cars Locations: Gothenburg, U.S, Mexico, Canada

STOCKHOLM, July 20 (Reuters) - Sweden-based automaker Volvo Cars (VOLCARb.ST) reported a 54% fall in second-quarter operating earnings on Thursday as the year-ago period's profit was boosted by a one-off gain, and it forecast healthy demand for its vehicles despite pricing pressures. Volvo Cars, majority-owned by China's Geely Holding (GEELY.UL), said earnings before interest and taxes (EBIT) fell to 5.0 billion Swedish crowns ($488.62 million) from a year-ago 10.8 billion. Volvo said its sales performance was driven by improved production output and that it expected supply and demand to continue to normalise in the wider markets. The company added that the normalisation would bring some additional pricing pressures, but that demand for its cars were expected to be healthy despite high interest rates squeezing its customers and overall market. Volvo reiterated its guidance of solid double-digit growth in retail sales for the full year.

Persons: China's Geely, Refinitiv, Marie Mannes, Anna Ringstrom, Jacqueline Wong Organizations: Volvo, China's, Thomson Locations: STOCKHOLM, Sweden, China, Gothenburg

[1/4] President and CEO of AB Volvo Martin Lundstedt is seen on the day of the presentation of Volvo Group's Q2 2023 earnings report, in Gothenburg, Sweden, July 19, 2023. Adam Ihse/TT News Agency/via REUTERSCompanies Volvo AB FollowSTOCKHOLM, July 19 (Reuters) - Swedish truckmaker AB Volvo (VOLVb.ST) on Wednesday logged a better-than-expected 57% jump in second-quarter adjusted operating profit, helped by price hikes. "We have been successful in improving margins while managing cost inflation and increased disturbances in the supply chain," Chief Executive Martin Lundstedt said in a statement. Operating profit before restructuring charges and legal claims surged to 21.7 billion crowns ($2.1 billion), beating a Refinitiv consensus estimate of 18.4 billion crowns. Reporting by Marie Mannes; editing by Anna Ringstrom, Jason Neely and Edwina GibbsOur Standards: The Thomson Reuters Trust Principles.

Persons: Volvo Martin Lundstedt, Adam Ihse, Martin Lundstedt, Lundstedt, Marie Mannes, Anna Ringstrom, Jason Neely, Edwina Gibbs Organizations: Volvo, TT, Agency, REUTERS Companies Volvo, STOCKHOLM, truckmaker, JPMorgan, Thomson Locations: Gothenburg, Sweden, Europe, North America, Stockholm

☆ These are the best cities in the world for a healthy work-life balance, an analysis has found. Almost all are in Europe.
▼ + stars: | 2023-07-03 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +2 min

Europe is leading the way for healthy work-life balance, an analysis by Forbes found. Europe is leading the way for healthy work-life balance, an analysis by Forbes has found. Forbes ranked cities in Europe as some of the best in the world for work-life balance, but not US cities made the list. Belfast, Northern IrelandWork-life balance score: 57Belfast, Northern Ireland. Oslo, NorwayWork-life balance score: 63.2Karl Johans Gate street scene in Oslo, Norway with royal palace in the background.

Persons: Forbes, —, Ricki, Lee Abrams, Giles, Cathedral, Edinburgh . Russell Cheyne, Sylvain Sonnet, Taylor Rains, Karl Johans, Wolfgang Kaehler, Fredrik Sandberg Organizations: Service, Forbes, Invest Northern, Auckland Skyline, Getty, Stockholm, TT, Agency, AFP Locations: Europe, Denmark, Finland, Helsinki, Copenhagen, Auckland, New Zealand, Belfast, Northern Ireland, Invest Northern Ireland, Edinburgh, Scotland, Vienna, Austria, Reykjavik, Iceland, Gothenburg, Sweden, Auckland , New Zealand, . Eden, Oslo, Norway, Stockholm

LONDON, June 28 (Reuters) - Zeekr, Geely Automobile's (0175.HK) electric brand, said on Wednesday that two of its all-electric luxury cars are available for pre-order in the Netherlands and Sweden, joining a growing number of Chinese EV makers launching vehicles in Europe. Deliveries for the Zeekr 001 estate and the Zeekr X SUV are set to begin in the autumn, the company said. Pricing for the Zeekr 01 starts at 59,490 euros ($65,076) including taxes, while the Zeekr X starts 44,990 euros. "Our plan is that through 2026 we will cover the majority of western Europe," he told Reuters. Other Chinese EV makers including BYD, Xpeng and Aiways have all launched sales in Europe, seeking to gain market share while many consumers are still new to EVs.

Persons: Geely Automobile's, Spiros Fotinos, Europe's, Fotinos, Nick Carey, Johan Ahlander, Sameer Manekar, Janane Venkatraman, David Evans Organizations: HK, EV, Reuters, Thomson Locations: Netherlands, Sweden, Europe, Gothenburg, Spiros, Denmark, Germany, France, Norway, China, Stockholm, Amsterdam, Bengaluru

☆ Swede Lundqvist headlines Hall of Fame's Class of 2023
▼ + stars: | 2023-06-21 | by ( ) www.reuters.com time to read: +2 min

[1/2] Swedish hockey goalkeeper Henrik Lundqvist announces that he will quit as a hockey goalkeeper due to his congenital heart defect, in Gothenburg, Sweden August 20, 2021. Lundqvist, who was the face of the National Hockey League's most valuable franchise during his 15-season run with the team, earned the nod in his first year of eligibility. While with the Rangers, Lundqvist set 50 franchise records, including the all-time mark for wins, appearances by a goalie, shutouts, playoff appearances and playoff wins. Lundqvist last played in the 2019-20 season and was forced to retire because of a heart ailment. The induction celebration for the Class of 2023 is scheduled for Nov. 13 in Toronto.

Persons: Henrik Lundqvist, Bjorn Larsson Rosvall, Lundqvist, Tom Barrasso, Mike Vernon, Pierre Turgeon, Caroline Ouellette, Ken Hitchcock, Pierre Lacroix, Frank Pingue, Toby Davis Organizations: TT, Agency, TORONTO, NHL's New York Rangers, Hockey Hall of Fame, National Hockey, Rangers, Vezina, NHL, Dallas Stars, Stanley, Colorado Avalanche, Thomson Locations: Swedish, Gothenburg, Sweden, American, Toronto

☆ Beyoncé shows blamed for fueling inflation in Sweden
▼ + stars: | 2023-06-16 | by ( Patrick Smith | ) www.cnbc.com time to read: +5 min

Beyoncé performs onstage during the opening night of the “RENAISSANCE WORLD TOUR” at Friends Arena on May 10, 2023 in Stockholm, Sweden. Beyoncé has won a record number of Grammys, has become one of the best-selling musical artists in the world and is on a sold-out, record-breaking world tour. "So whilst Beyoncé may have caused a shock to one month's data, she's not the reason for inflation in Sweden that's well above the central bank's target," he said. As in many European countries, Sweden has faced sharp inflation and higher household costs since Russia's invasion of Ukraine disrupted the wholesale energy market and distribution networks. And as for Grahn, he is not expecting to remain of interest to either Beyoncé fans or the world's media.

Persons: Beyoncé, Queen Bey, Sweden's, Michael Grahn, It's, Grahn, hadn't, Bruce Springsteen, James Pomeroy, she's, Marcus Widén, I'm Organizations: Friends Arena, National, Denmark's Danske Bank, NBC, HSBC, Sweden that's, Entertainment, Nordic, European Union Locations: Stockholm, Sweden, United States, North Carolina, Europe, Swedish, Gothenburg, Ukraine

☆ Beyoncé blamed for keeping inflation high in Sweden. Is Springsteen next?
▼ + stars: | 2023-06-15 | by ( Anna Cooban | ) edition.cnn.com time to read: +2 min

London CNN —Swedish consumers now have Beyoncé to blame for their bills, bills, bills. “[That’s] definitely not normal,” Grahn told CNN. Some of Beyoncé’s US fans told BuzzFeed News in February that they had snapped up tickets for the singer’s Swedish concerts at a huge discount to her US shows. Still, he expects the Beyoncé effect to be short-lived, with hotel prices likely to fall over June. Bruce Springsteen is due to play three shows in the Swedish city of Gothenburg later this month, which could put an upward pressure on prices, Grahn said, but that’s not as likely.

Persons: Michael Grahn, ” Grahn, Grahn, Bruce Springsteen, that’s, Beyoncé, ” Organizations: London CNN, Danske Bank, Reuters, CNN, “, BuzzFeed News Locations: Denmark, Stockholm, Sweden, Swedish, Gothenburg

☆ Company execs used to trumpet their diversity and climate efforts. Now not so much
▼ + stars: | 2023-06-15 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +8 min

Just 74 members of the S&P 500 even mentioned “ESG” in their first quarter earnings calls, according to new FactSet data. ESG funds have also lost popularity with investors. Total assets under management in ESG funds fell by about $163.2 billion globally during the first quarter of 2023 from the year before, according to data provider Lipper. The Congressman asked whether the company’s diversity initiatives were “directing resources away from the important things like greasing wheel bearings?”Companies “see that certain terms have become lightning rod terms. “You can say you’re increasing diversity initiatives just for the optics, but without data to back it up, you’ll eventually get called out by stakeholders,” he said.

Persons: New York CNN —, George Floyd, “, “ ESG, It’s, —, Lipper, What’s, Bud Light, influencer Dylan Mulvaney, Mike Collins of, ”, Douglas Chia, Chia, they’re, ” It’s, David Duffy, they’ll, you’ll, ’, Powell, Bryan Mena, Jerome Powell, ” Powell, Dow, Stocks, Beyoncé, Anna Cooban, Michael Grahn, ” Grahn, Bruce Springsteen, Grahn, that’s Organizations: CNN Business, Bell, New York CNN, InBev, Silicon Valley, Norfolk Southern, Conference Board’s ESG, . Firms, Securities and Exchange Commission, Federal Reserve, KPMG, Corporate Governance Institute, “, Nasdaq, Danske Bank, Reuters, CNN Locations: New York, Ukraine, United States, America, Silicon, Mike Collins of Georgia, East Palestine , Ohio, Denmark, Stockholm, Sweden, Swedish, Gothenburg

☆ Why are other automakers chasing Tesla's 'Gigacasting'?
▼ + stars: | 2023-06-14 | by ( ) www.reuters.com time to read: +4 min

Here's a look at Gigacasting and how the innovation is forcing automakers to scramble to match Tesla:WHAT IS GIGACASTING? The Giga Press is an aluminium die-casting machine adopted by Tesla at its factories in the U.S., China and Germany. The house-sized machines are able to produce aluminium parts far bigger than anything used before in auto manufacturing. Toyota said it expected that using aluminium die-casting would eliminate dozens of sheet metal parts from assembly and reduce waste. The global aluminium die-casting market was worth almost $73 billion last year and is projected to top $126 billion by 2032, showed an AlixPartners analysis.

Persons: Matthew Childs, Tesla, Elon Musk, Zeekr, Kevin Krolicki, Christopher Cushing Organizations: REUTERS, Toyota, Giga Press, EVs, WHO, Industries, Buhler Group, HK, General Motors, Hyundai Motor, Volvo, EV, Thomson Locations: London, Britain, U.S, China, Germany, Italy, Europe, Japan, Gothenburg, Sweden

☆ Beyoncé single-handedly increased inflation in Sweden, economist says
▼ + stars: | 2023-06-14 | by ( Lauren Steussy | ) www.businessinsider.com time to read: +2 min

Beyoncé kicked off her blockbuster Renaissance tour in Stockholm, Sweden. The shows attracted a surge in hotel stays which impacted the country's inflation, an economist said. Economist Michael Grahn told The Wall Journal he considered it a "Beyoncé blip." On Wednesday, Sweden Statistics, a government agency, said restaurants and hotels added 0.3 percentage points to the rate while recreation and culture metrics contributed 0.2 percentage points, according to The Financial Times. "Beyoncé is responsible for the extra upside surprise this month," Grahn added to The Financial Times.

Persons: Beyoncé, Michael Grahn, —, — Bruce Springsteen, Grahn, Taylor Swift's, Swift, didn't Organizations: Service, Danske Bank, Wall Street, Sweden Statistics, Financial Times, Forbes, Parkwood Entertainment Locations: Stockholm, Sweden, Gothenburg

☆ Head of Sweden's No. 2 party calls for rethink of relations with EU
▼ + stars: | 2023-05-02 | by ( ) www.reuters.com time to read: +2 min

STOCKHOLM, May 2 (Reuters) - Sweden should seek more exemptions from EU laws as part of a reset in relations with the 27-member bloc, the head of the Sweden Democrats, the country's second largest party and an informal part of the government, said on Tuesday. Swedes are among the most positive in Europe regarding EU membership, with 68% in support, according to a survey by Gothenburg University in March. The Sweden Democrat's EU-sceptic stance was long seen as an obstacle to their acceptance into the political mainstream and the party dropped that demand in 2018. As part of the deal, the Sweden Democrats have been able to exercise considerable influence on policy, pushing for tougher immigration rules and watered-down ambitions on climate change. The Sweden Democrats have threatened to bring down the coalition if it doesn't cut taxes on fuels and stand up to the EU over asylum quotas.

☆ These are the 10 best destinations in the world for an eco-friendly vacation
▼ + stars: | 2023-04-22 | by ( Celia Fernandez | ) www.cnbc.com time to read: +1 min

Rotterdam, Netherlands, is the best city for a sustainable vacation, according to a 2023 report from Kayak. Rotterdam, Netherlands Amsterdam, Netherlands Graz, Austria Trondheim, Norway Munich, Germany Helsinki, Finland Stockholm, Sweden Zurich, Switzerland Gothenburg, Sweden Vienna, AustriaRotterdam and Amsterdam, both in the Netherlands, took the No. The Netherlands city is the second-largest in the country and Europe's largest seaport. The city, known as "the Venice of the North," is now a designated UNESCO World Heritage site, thanks to its iconic canal district. The channels' design is considered an example of town planning that influenced the world for centuries, according to UNESCO.

Volvo, a rival of manufacturers such as Daimler Trucks (DTGGe.DE) and Traton (8TRA.DE), forecast 2023 heavy truck sales in Europe and North America of 320,000 for each region. Handelsbanken analyst Hampus Engellau said the raised truck outlook sent a strong message that Volvo sees the second-half of 2023 as a good market for its trucks. Gothenburg-based Volvo, which also makes construction equipment and engines, said there was pent-up demand to replace aging fleets which had helped boost order intake. Shares in Volvo, one of Sweden's biggest employers, rose 1.2% in morning trade in a flat broader market (.OMXSPI). Volvo is not the only automaker to have had a good quarter.

☆ Sweden's economic gloom goes from bad to worse as government predicts steeper GDP contraction
▼ + stars: | 2023-04-17 | by ( Hannah Ward-Glenton | ) www.cnbc.com time to read: +5 min

JONATHAN NACKSTRAND / Contributor / Getty ImagesThe Swedish government is now predicting a deeper than expected GDP contraction in 2023, according to data released Monday, worsening an already gloomy outlook for the country's economy. Sweden's Ministry of Finance estimated in December that GDP would shrink by 0.7%, but it now predicts a 1% downturn as it reassesses the "challenging economic environment." "We face major challenges, but we will get through them together," Sweden's Minister for Finance, Elisabeth Svantesson, said in a press release Monday. The latest CPI data shows inflation is finally starting to slow, but wages are limping behind and house prices are facing a serious downturn. Eroding real wagesMost European countries are experiencing sky-high inflation, leaving real wages lagging behind.

☆ Lilly says experimental Alzheimer's drug reduces amyloid in small study
▼ + stars: | 2023-03-31 | by ( Deena Beasley | ) www.reuters.com time to read: +3 min

The higher the dose of the antibody drug, which was given by subcutaneous injection, the larger the effect, Lilly said. The Indianapolis-based drugmaker is launching a Phase III study of the experimental antibody, remternetug, but declined to comment on which doses will be selected for larger, later-stage trials. Lilly, at a medical conference in Gothenburg, Sweden, presented interim data from 41 study participants. Trial results published last year showed that, in patients with early Alzheimer's, Leqembi reduced the rate of cognitive decline by 27% compared with a placebo. Brooks said that sharing its early remternetug data "reinforces Lilly's commitment and investment in the Alzheimer's disease space ...

☆ Working out is one of the best things you can do to treat depression
▼ + stars: | 2023-03-24 | by ( Yeji Jesse Lee | ) www.businessinsider.com time to read: +5 min

A new paper that analyzed data from 41 studies found that exercise had a big effect on depression. Researchers found that exercise improved depression symptoms at least as much as other treatments. They said that exercise should be offered as "an evidence-based treatment option" for patients. Aerobic exercise and resistance training had big effects on reducing depression symptoms, the authors noted, as did supervised and group exercises of "moderate intensity." A 2018 study published in JAMA Psychiatry found that strength training can help treat depression just as well as aerobic exercise.

☆ Maersk, a global barometer for trade, posts record 2022 earnings but warns of a tough year ahead
▼ + stars: | 2023-02-08 | by ( Elliot Smith | ) www.cnbc.com time to read: +3 min

The container ship Maersk Murcia sits moored in the port of Gothenburg, Sweden, on August 24, 2020. Maersk, one of the world's largest container shipping firms, on Wednesday reported a fall in fourth-quarter earnings but posted the best full-year result in its history. This took the full-year underlying EBITDA figure to $36.84 billion, fractionally below the company's forward guidance of $37 billion but its strongest-ever full-year result. Maersk raised its dividend to 4,300 Danish krone ($620.33) per share from 2,500 DKK per share. For 2023, Maersk expects underlying EBITDA to plummet to between $8 billion and $11 billion.

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