Sweden set to reduce stake in Nordea
Sweden

Sweden set to reduce stake in Nordea

Sweden will sell up to 255 million shares in Nordea, or around 6.3 percent of the top Nordic bank's stock, the Swedish finance ministry said Thursday.

Spain has ‘done its homework,’ Merkel says
Germany

Spain has ‘done its homework,’ Merkel says

German Chancellor Angela Merkel on Thursday hailed reforms undertaken by Spain to revive its battered economy and fend off the need for an Irish-style bailout.

German freighter sinks Indian frigate
Germany

German freighter sinks Indian frigate

A German cargo ship has slammed into an Indian frigate in the port of Mumbai, causing the military vessel to catch fire and eventually sink, media reports said this week.

Group urges Germans to become ‘part-time vegetarians’
Germany

Group urges Germans to become ‘part-time vegetarians’

Germany’s vegetarian society (VEBU) proposed on Thursday that people pair up to become “part-time vegetarians” as the country recovers from the dioxin food safety scandal.

Swedish publisher Metro swings to profit in 2010
Sweden

Swedish publisher Metro swings to profit in 2010

Swedish publisher Metro International, which publishes free daily newspapers in over 100 cities around the world, announced it had swung back to profit in 2010 thanks to restructuring and the recovery of the advertising market.

Swedish reporter stabbed in Cairo drama
Sweden

Swedish reporter stabbed in Cairo drama

Swedish public broadcaster SVT said Thursday evening one of its reporters covering unrest in Cairo, who it had lost contact with for several hours, had received serious "knife injuries."

Sweden’s Borg in bold unemployment promise
Sweden

Sweden’s Borg in bold unemployment promise

Swedish finance minister Anders Borg promised on Thursday to bring the country's unemployment rate down to 5 percent by 2014.

Munich Re weathers natural disasters to deliver profits
Germany

Munich Re weathers natural disasters to deliver profits

German re-insurance giant Munich Re posted Thursday a 2010 net profit of €2.43 billion ($3.35 billion) despite heavy losses from natural disasters and promised shareholders an improved dividend.

German salaries rose in 2010
Germany

German salaries rose in 2010

German salaries rose by an average of 1.4 percent last year after dipping by 0.4 percent in 2009, figures released on Thursday by the national statistics office (Destatis) showed.

Dozens arrested as leftists battle police
Germany

Dozens arrested as leftists battle police

Rampages by left-wing extremists in Berlin on Wednesday night following the eviction of residents at a former squat left 61 police officers injured and ended with 82 arrests, police reported.

Young Swedish workers abuse sick leave: study
Sweden

Young Swedish workers abuse sick leave: study

An increasing number of young Swedes are taking sick leave even when they are healthy, a new study has revealed.

The neighbourhood that knew too much
Germany

The neighbourhood that knew too much

A hipster magazine recently declared Berlin’s NoTo neighbourhood the city’s new hot spot, but they missed a key detail, writes Roger Boyes, Berlin correspondent for British daily The Times. Soon it will be teeming with spooks from the federal intelligence agency.

Stockholm clubs ‘thrive on bad service’
Sweden

Stockholm clubs ‘thrive on bad service’

Revellers at hotspots surrounding Stockholm's hip nightlife area of Stureplan regularly endure poor service and rude staff and, in defiance of established economic theory, they keep coming back for more.

High earners jump surgery queue: study
Sweden

High earners jump surgery queue: study

Wait times for general surgery are 34 percent shorter for people with high incomes compared to those with lower salaries, according to a new Swedish study.

ATM charges still too high, consumer groups say
Germany

ATM charges still too high, consumer groups say

Consumer groups insist ATM fees have not fallen far enough despite regulations brought in two weeks ago to combat fees that had soared as high as €10 per withdrawal.

Saxony pays nobles millions for porcelain seized by communists
Germany

Saxony pays nobles millions for porcelain seized by communists

The state of Saxony has paid €4.2 million to a former noble house for porcelain forcibly nationalised by the fledgling communist government after World War II, with even bigger payouts possibly still to come.

Merkel rules out quota for women execs
Germany

Merkel rules out quota for women execs

Chancellor Angela Merkel ruled out a mandatory quota for women in executive positions at German firms late on Wednesday, effectively ending an internal debate within her party on the subject.

SAS pilot fell asleep in the cockpit
Sweden

SAS pilot fell asleep in the cockpit

The pilot of a SAS plane fell asleep while at the controls of a flight from Copenhagen to Stockholm after his co-pilot had gone to the toilet.

What’s on in Germany: February 3 – 9
Germany

What’s on in Germany: February 3 – 9

This week's highlights: Berlin celebrates James Dean, Paris Hilton parties in Frankfurt, and the orchestra plays Leonard Bernstein in Hamburg.

Centre Party touts power price regulation
Sweden

Centre Party touts power price regulation

Swedes need protection from sky-high electricity prices, the Centre Party has proposed with party leader Maud Olofsson arguing for the regulation of floating electricity price plans.

Bulgaria asks Sweden for info on Gripen fighter
Sweden

Bulgaria asks Sweden for info on Gripen fighter

Bulgaria's defence ministry said Wednesday it had requested information from Sweden on the potential supply of Gripen fighter jets for its air force.

Berlin dismayed by violent turn in Egypt
Germany

Berlin dismayed by violent turn in Egypt

Clearly worried by the violent turn of events in Egypt, Foreign Minister Guido Westerwelle demanded on Thursday the Egyptian government open talks to ensure the Arab nation’s “historic moment” goes forward peacefully.

Stockholm districts grab Design Week spotlight
Sweden

Stockholm districts grab Design Week spotlight

As Stockholm Fashion Week draws to a close, the Swedish capital's design-savvy crowd gets ready to turn its attention to yet another showcase of Scandinavian creativity, explains contributor Charlotte West.

TeliaSonera cuts jobs despite profits boost
Sweden

TeliaSonera cuts jobs despite profits boost

Nordic telecoms giant TeliaSonera announced layoffs within its fixed broadband operations, despite posting a 13 percent rise in net profits for 2010.

Merkel and Zapatero seek unity on euro
Germany

Merkel and Zapatero seek unity on euro

As leader of Europe's strongest economy, Chancellor Angela Merkel will on Thursday attempt to send a united message alongside one of the weakest economies, Spain, in support of the troubled eurozone.

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Sweden

Swedish tour operators end Egypt season

Swedish tour operators Apollo, Ving and Fritidsresor have cancelled all trips to Egypt for the rest of the winter season, as they continue to repatriate Swedish tourists who remain in the country.

Lower Saxony mulls burka ban for officials
Germany

Lower Saxony mulls burka ban for officials

Lower Saxony is set to follow the state of Hesse in banning the wearing of burkas – the Muslim dress that covers a woman’s face – by public sector workers, possibly creating a wave of regulations across the country.