STOCKHOLM - Sweden's centre-left government said on Monday it would boost welfare spending by 23 billion Swedish crowns ($2.6 billion) next year in a budget aimed at reducing social inequality and shifting to a more sustainable economy after the pandemic. Sweden has bounced back from the COVID-19 pandemic quicker than most countries in Europe. But long-term challenges remain, including

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Swedish budget gives boost for welfare, climate, jobs

A Swedish court on Wednesday sentenced a 47-year-old man to three years in prison for spying for Russia, which involved selling secret information from truckmaker Scania. The court said it had found the man guilty of acquiring and selling the secret information from the truckmaker to a Russian embassy official. The court acquitted the man of similar espionage charges at

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Swedish court finds man guilty of spying for Russia at truckmaker Scania

STOCKHOLM - Sweden's minority coalition said on Wednesday its 2022 budget will boost spending on fighting crime as it looks to defuse voter anger over a wave of shootings that has put law and order at the top of the agenda ahead of a general election next year. More than 35 people have been killed this year in gang-related violence, according to police, with shooting incidents an almost

Swedish police get budget boost as gang crime tops election worries

Magdalena Andersson is favourite to become Sweden's prime minister when her Social Democrat colleague Stefan Lofven steps down in November, but major challenges face the current finance minister if she is to keep the top job longer than a few months. If Andersson is picked to head her party in November, she is likely to become Sweden's first female prime

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Swedish finance minister tipped to become country's first female PM

STOCKHOLM -Sales at Sweden's H&M, the world's second-biggest fashion retailer, increased less than expected from a year ago in the three months through August, and remained lodged below pre-pandemic levels. The company said on Wednesday sales grew 9% from a year earlier, or 14% measured in local currencies, to 55.6 billion crowns ($6.46 billion). Analysts polled by Refinitiv had on

H&M sales pick up less than expected in June

STOCKHOLM - Swedish mobile phone directory and caller identification service Truecaller on Wednesday said it planned to list its Class B shares on Nasdaq Stockholm. Depending on market conditions, the listing is expected to be completed during the fourth quarter of this year, the company said in a statement. (Reporting by Supantha Mukherjee in Stockholm; Editing by Rashmi Aich)

Truecaller plans to list on Nasdaq Stockholm

(Refiles to clarify time period in first bullet point) By Corina Pons and Anna Ringstrom STOCKHOLM/MADRID - When the world's two biggest fashion groups unveil quarterly sales figures on Wednesday, No.1 Inditex is seen back at pre-pandemic levels as stores reopen and people long to renew their wardrobe, while H&M still has some way to go. Fashion retailers have been recovering from the

H&M lags Zara-owner Inditex in race to regain lost sales

STOCKHOLM - Ibrahim Baylan, Swedish Minister for Business, Industry and Innovation, will resign and leave politics, public broadcaster SVT said on Thursday. "I have decided to not be a candidate for the next elections. It's time to do something else," he told SVT. Baylan will officially step down at the Social Democrats' party congress in November, when Prime Minister Stefan Lofven of

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