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.
Day: October 27, 2008
Sweden
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.
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.
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.
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.
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.
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.
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.
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.
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
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.
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.
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.
Sweden
Electrolux posts upbeat report
Swedish white goods giant Electrolux posted a third quarter report on Monday that surpassed analysts' profit expectations.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.