Sweden remains loyal to crown as neighbours ponder euro
Sweden

Sweden remains loyal to crown as neighbours ponder euro

Sweden was on Monday showing few signs of abandoning its beloved krona, as Denmark and Iceland both began to get serious about joining the eurozone.

Carolin Stenvall ‘may have been shot’
Sweden

Carolin Stenvall ‘may have been shot’

Prosecutors believe that 29-year-old Carolin Stenvall's death can not have resulted from a push, as the main suspect has claimed.

Church officials defend pricey birthday bash for pope’s brother
Germany

Church officials defend pricey birthday bash for pope’s brother

The Catholic diocese in the Bavarian city of Regensburg on Monday defended a decision to spend a reported €100,000 on birthday celebrations in the Vatican for Pope Benedict XVI's elder brother.

Cold front ‘Xevera’ bringing taste of winter
Germany

Cold front ‘Xevera’ bringing taste of winter

The final week of October will draw to a close with a taste of the coming Central European winter, as the cold front 'Xevera' brings a blast of cold air and possible snow to Germany.

Gassy old money bags injure Bundesbank workers
Germany

Gassy old money bags injure Bundesbank workers

Eight people were injured at the Hamburg headquarters of the German Bundesbank when mysterious gas seeped out of bags of old Deutsche mark coins they were cleaning, authorities reported on Monday.

Swedish investment bank in freefall
Sweden

Swedish investment bank in freefall

Shares in Sweden's Carnegie investment bank shed more than half their value on Monday following news that the bank was under investigation by financial authorities and had received an emergency loan from the Riksbank.

Seehofer elected premier of Bavaria
Germany

Seehofer elected premier of Bavaria

German Agriculture Minister Horst Seehofer stepped down on Monday to become premier of the wealthy southern state of Bavaria, a month after his conservatives suffered embarrassing election returns.

Cop: speeding Swedish models ‘drive like real men’
Sweden

Cop: speeding Swedish models ‘drive like real men’

Two buxom Swedish models have sparked a debate about the country’s traffic policing policies after they managed to escape fines despite admitting to driving twice the legal speed limit.

Energy company cooperation could curb consumer costs
Germany

Energy company cooperation could curb consumer costs

Rising energy prices could be curbed by an upcoming cooperation between Germany’s three largest electricity providers, EON, Vattenfall and EnBW.

Economist compares bank managers to persecuted Jews
Germany

Economist compares bank managers to persecuted Jews

A leading German economist who sparked controversy on Monday by comparing criticism of business leaders with stigmatization of Jews during the financial crisis of the 1930s has apologized for his remarks.

Sweden’s Crown Princess booed on Indian airliner
Sweden

Sweden’s Crown Princess booed on Indian airliner

Crown Princess Victoria’s recent visit to India ended on a sour note after she was booed by a plane full of frustrated passengers.

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Sweden

Damages ‘too low’ after vacuum cleaner attack on schoolboy

A pupil in eastern Sweden has been awarded 5,000 kronor ($600) in damages after a teacher attacked him with an industrial vacuum cleaner.

Six circus tigers saved from burning trailer
Germany

Six circus tigers saved from burning trailer

Six Siberian tigers were saved from a circus trailer that caught fire on the B73 county road near Stade, police in the German state of Lower Saxony reported on Monday.

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Sweden

Electrolux posts upbeat report

Swedish white goods giant Electrolux posted a third quarter report on Monday that surpassed analysts' profit expectations.

German business confidence tanks
Germany

German business confidence tanks

German business confidence dropped for the fifth month running in October, a key index showed on Monday, as the biggest European economy was slammed by the international financial crisis.

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Sweden

Court affirms mass murderer’s life sentence

An appeal by convicted mass murderer Mattias Flink to have his life sentence reduced was denied on Monday by the Göta Court of Appeal in a ruling which affirms an earlier district court decision.

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Germany

Postbank unveils €1-billion capital increase

The German bank Postbank announced on Monday an emergency capital increase worth up to €1 billion ($1.24 billion) to replenish it balance sheet which has been hit by the international financial crisis.

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Germany

Merck posts solid third-quarter results amid crisis

The German pharmaceutical and chemical group Merck posted on Monday a solid third-quarter profit and expressed confidence despite the international economic crisis.

Swedbank to issue new shares
Sweden

Swedbank to issue new shares

Swedbank announced on Monday morning that it will seek to raise 12.4 billion kronor ($1.55 billion) in fresh capital through issuing additional shares in the bank.

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Sweden

Trading off to shaky start

The Stockholm stock exchange saw a turbulent opening to the new week on Monday with stocks down 5 percent after just 15 minutes of trading.

Söderling swings to victory in France
Sweden

Söderling swings to victory in France

Swedish seventh seed Robin Söderling saw off unseeded Frenchman Julien Benneteau on Sunday 6-3, 6-7 (5/7), 6-1 to win the €713,000 ($884,000) Lyon ATP final.

Train fare increases higher in the east
Germany

Train fare increases higher in the east

Price hikes by Germany railway provider Deutsche Bahn will hit passengers in eastern parts of the country particularly hard, daily Die Welt reported on Monday.

German checkpoint attacked in Afghanistan
Germany

German checkpoint attacked in Afghanistan

German Bundeswehr troops were attacked last week at a check point in northern Afghanistan, the military confirmed on Monday.

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Sweden

Identity fraud targets foreign students in Stockholm

A Stockholm-area gang numbering around 30 people is suspected of having made off with over one million kronor ($125,000) by stealing people’s identities, with foreign students being the preferred target.