MALIN RISING

Associated Press Writer
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Sweden, Finland OK Baltic Sea gas pipeline project

Sweden and Finland on Thursday approved a Baltic Sea pipeline project that would ship Russian natural gas to Germany, clearing two key obstacles for construction to begin next year.

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Electrolux 3Q profit rises 93 percent

Swedish appliance maker Electrolux AB on Monday reported a 93 percent rise in third-quarter profit as cost cuts and increased prices on its products helped it defy weak market demand.

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Stem cell pioneers among Nobel Prize candidates

Two Canadian scientists whose discovery of stem cells has paved the way for controversial research could be candidates for the 2009 Nobel Prize in medicine, the winners of which will be announced Monday.

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Sweden urges US Senate to act on climate bill

Sweden's environment minister urged the U.S. Senate on Monday to pass legislation to control greenhouse gases, saying a delay in the vote is impeding negotiations on a new international climate treaty.

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Would-be Pirate Bay buyer ousted from stock market

The would-be buyer of Swedish file-sharing Web site The Pirate Bay has been kicked out of the smallcap stock exchange Aktietorget for misleading the market, the Swedish trading platform said Wednesday.

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Sweden defends press freedom amid Israeli furor

Swedish Foreign Minister Carl Bildt has rejected Israeli calls for official condemnation of a Swedish newspaper article about organ harvesting, saying freedom of expression is a cornerstone of democracy.

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GM seals deal to sell Saab to Koenigsegg

General Motors Corp. said Tuesday it has signed an agreement to sell its unit Saab Automotive to Sweden's Koenigsegg Group AB, confirming an announcement in June, although government officials warn that more capital is needed before the deal can be closed.

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Swedbank raises $2.1B in new capital

Swedish bank Swedbank said Monday it is raising 15 billion Swedish kronor ($2.1 billion) in a new share issue to strengthen its capital position, which has been tested by the global economic crisis, particularly in the Baltic countries.

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Electrolux 2Q profit jumps six-fold

Swedish appliance maker Electrolux AB reported Thursday that profits surged six-fold in the second quarter, despite a weak market for home appliances, thanks to cost cuts and favorable currency rates.

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Sony Ericsson posts another loss in 2Q

Handset maker Sony Ericsson said Thursday it booked another loss in the second quarter as the global economic crisis continued to weigh on mobile phone sales.

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Prospective Saab owners used to life in fast lane

Until its surprise move to buy Saab from General Motors, luxury automaker Koenigsegg Automotive AB was known mainly to a privileged few who could afford to spend more than a $1 million on a high-speed, customized sports car.

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New Opera technology allows simple content sharing

Norway's Opera Software ASA on Tuesday launched a new feature for its Internet browser allowing users to share photos, music and files directly with one another, without needing to go through outside services such as Facebook and Flickr.

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Global arms spending rises despite economic woes

World governments spent a record $1.46 trillion on upgrading their armed forces last year despite the economic downturn, with China climbing to second place behind top military spender the United States, a Swedish research group said Monday.

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Metro sells off US newspaper business

Swedish newspaper group Metro International S.A. said Monday it has agreed to sell its loss-making U.S. papers, with a combined circulation of 590,000 daily copies reaching some 1.2 million readers, to a company run by a former Metro CEO.

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Watchdog warns arms transfers to Mideast rising

The volume of weapons exported to the Middle East has risen sharply in the last four years, threatening to destabilize the volatile region further, a leading Swedish think tank warned Monday.

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Sweden: hundreds protest Pirate Bay conviction

Wearing bandanas and waving Jolly Roger flags, hundreds of supporters of file-sharing hub The Pirate Bay demonstrated on Saturday against a Swedish court's conviction of the Internet site's organizers.

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Sweden's Saab in contact with 20 potential buyers

Saab Automobile, the troubled Swedish unit of General Motors Corp., has been contacted by some 20 potential buyers, with a sale planned in June, the car maker's lawyer said Monday.

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Study: Belligerent chimp proves animals make plans

A canny chimpanzee who calmly collected a stash of rocks and then hurled them at zoo visitors in fits of rage has confirmed that apes can plan ahead just like humans, a Swedish study said Monday. Santino the chimpanzee's anti-social behavior stunned both visitors and keepers at the Furuvik Zoo but fascinated researchers because it was so carefully prepared.

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WWII hero Wallenberg's parents committed suicide

The disappearance of World War II hero Raoul Wallenberg took an even deeper toll on his family than previously thought, his half-sister Nina Lagergren said Monday, confirming a newspaper report that her parents committed suicide.

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Sweden's future queen to marry personal trainer

They met at the gym. Seven years later Sweden's Crown Princess Victoria and her former personal trainer Daniel Westling told the world they are engaged to be married.

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Sweden grants asylum to former Guantanamo detainee

A Swedish immigration court granted asylum Wednesday to a Chinese Muslim who was released from Guantanamo Bay after the U.S. acknowledged he was not a terrorist.

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Killers denied doctor's licenses in Sweden

Sweden's national health authority on Monday said it will refuse to issue medical licenses to would-be physicians convicted of murder and other grave crimes even after they have paid their debt to society.

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Nobel official defends disputed China trips

The head of the Nobel Foundation on Tuesday rejected criticism against all-expenses-paid trips that prize jurors made to China and said it was "normal" for them to accept such invitations.

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Swedish watchdog eyes Web site naming rapists

A government watchdog in Sweden is investigating a Web site that publishes the names of convicted sex offenders for potential breach of privacy, an official said Sunday.

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Krugman predicts US unemployment could top 10 pct

The U.S. unemployment rate could reach 10 percent without a "very effective" stimulus package, 2008 Nobel economics prize winner Paul Krugman said Monday.

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