Economy
Economic and financial news and information from across Europe.
Swedish streaming giant Spotify reaches 777 million active users
Streaming giant Spotify said Tuesday that it had 777 million monthly active users at the end of June, 16 million more than in the previous quarter but a million fewer than forecast.
EU breathes sigh of relief over new Trump tariffs
The European Union expressed relief Friday over a new wave of US tariffs imposed by Washington on trading partners, following concerns of possible retaliation to a massive fine Brussels had slapped on US giant Google.
EU seeks Trump tariff exemptions on wine and cheese
The EU has asked the US for tariff exemptions on more products, a spokesman said on Wednesday, including cheese and wine.
Swedish inflation drops further below target to 1.3 percent
Sweden's inflation rate according to the CPIF measure fell to 1.3 percent in June, according to preliminary calculations by Statistics Sweden.
Climate change to blame as heatwave hits Europe's economies
Human-caused climate change is "unequivocally" responsible for the intensity of a record-breaking heatwave scorching Europe, scientists said Friday, while experts consider the costs for an economy as productivity melts and growth becomes lethargic.
Finance minister defends Sweden's economy as Riksbank flags potential interest rate hike
The Swedish government is sticking to its outlook for the country's economy, forecasting GDP growth of 2.3 percent this year – identical to its assessment at the beginning of May.
Swedish economy beats expectations with 0.5 percent growth in April
The Swedish economy grew by 0.5 percent in April compared to the previous month, according to the monthly GDP indicator from Statistics Sweden.
Swedish support for adopting the euro drops as krona rebounds
Swedes' support for adopting the euro is falling, according to the latest survey by Statistics Sweden.
How companies in Europe are struggling to recruit workers from outside the EU
Almost half of European small and medium companies struggle to find workers with the skills they need but recruitment outside the EU remains “limited” and “too difficult”, a recent Eurobarometer survey published by the European Commission had shown.
Biggest EU economies agree on steps for financial integration
The finance ministers of the European Union's six biggest economies said Friday they had agreed on steps to better integrate financial markets and make investments flow seamlessly across the bloc.
Sweden to cut monthly public transport tickets by 50 percent in all regions
Sweden is halving the price of monthly public transport tickets from July 1st until the end of the year, funded by a multibillion-kronor subsidy paid out to the regions.
Sweden and India forge strategic partnership to double economic exchange
Sweden and India are set to double their trade and investment over the next five years, in a new strategic partnership penned during Indian Prime Minister Narendra Modi's visit to Gothenburg.
Sweden's government announces 17.5 billion kronor energy crisis package
The package, announced in a press conference on May 13th, includes reduced tax on petrol and diesel as well as state support for cheaper public transit.
Blockbuster EU-Mercosur trade deal enters into force
The European Union's mammoth trade deal with South American bloc Mercosur provisionally enters into force Friday, despite a pending court ruling on its legality.
Sweden's Supreme Court clears former Swedbank CEO of 'swindling'
Sweden's top court has fully acquitted Birgitte Bonnesen, the former chief executive of Swedbank, overturning her previous conviction of "swindling" investors.
What Sweden's 2026 spring budget means for foreigners
New summer jobs, tax breaks on fuel and electricity and 'language breakfasts' to help young children improve their Swedish. Here's a roundup of the key points in Sweden's spring amendment budget.
KEY POINTS: Sweden's spring budget bill in less than a minute
Finance Minister Elisabeth Svantesson presented the government's annual spring budget bill to parliament on Monday morning.
Inflation to hit eurozone as war in the Middle East disrupts energy flows
In the Middle East energy exports to Europe have been disrupted by the conflict between the US, Israel and Iran that has spilled into surrounding regions. Economic experts are predicting a spike in inflation.
Trump tariffs ruling a 'strong signal' for trade rules, says German business
A US Supreme Court ruling that sweeping tariffs imposed by US President Donald Trump are illegal is a "strong signal for the rules-based trading system", German industry group BDI said Friday.
What Austria’s new lower VAT on food could mean for your shopping bill
Austria will cut VAT on selected staple foods to 4.9 percent from July 1st, aiming to ease household costs. Here's what's getting cheaper (and what will still be expensive).
European leaders denounce Trump's tariff threats over Greenland
European leaders on Sunday hit back at US President Donald Trump's threat of tariffs over their opposition to his designs on Greenland, with far-right Italian leader Giorgia Meloni urging Washington against making a "mistake".
EU to ink long-awaited trade deal with South American bloc
The European Union will on Saturday sign a deal 25 years in the making with the South American trade bloc Mercosur, creating one of the world's largest free trade areas at a time of growing protectionism and volatility.
Trump threatens tariffs as US lawmakers back Denmark, Greenland
Donald Trump on Friday warned that he could slap tariffs on countries that do not support his Greenland takeover plans, as US Congress members visited Copenhagen to give their backing for Denmark and its autonomous Arctic island.