Tag: Inflation
Therefore, the union wants to keep your salary down
Hear Ekot’s economic reporter Anders Jelmin tell about how the Swedish negotiation model between unions and employers is being tested for the first time in a time of high inflation. The news podcast Today’s Eco gives you a story every weekday morning with host Robin Olin and Sweden’s Radio’s sharpest journalists. Host: Robin Olin Guest: […]
Denmark for cocktails, Norway for cauliflower: sky-high food prices make the Swedes head west
The Swedes are well known for the way they regard Denmark as an off-licence, but for the most part they are not big border shoppers, as the Danes are with Germany, the Germans are with Poland, the Poles are with … etc. But in recent months, prices have skyrocketed – at a faster pace than […]
Parisa Liljestrand (M): I am uncompromising about “arm’s length distance”
One of the things that the Government has highlighted as particularly important in cultural policy is the principle of an arm’s length distance between politics and the content of culture. A general definition of arm’s length is that politics sets the framework with money and organization, but does not interfere with the content and artistic […]
Only 17 percent of Finns live within their budget
According to the study, 46% of Finns report that they create a budget for their finances, but only 17% follow it closely. At the same time, 29% create a budget but do not monitor its implementation. Unexpected one-time expenses can strain the finances of ordinary citizens, while in recent years we have seen unexpected expenses […]
The Bank of Finland’s mid-term forecast: the economy is at rest
Despite the difficulties, the Finnish economy has endured so far, but not all the effects of rapid inflation and rising interest rates have been seen. In addition, the risks of the international economy have increased recently,” says Meri ObstbaumHead of forecasting at the Bank of Finland. In 2022, Finland’s economy grew by 2.1% thanks to […]
Living for one paycheck and four people on 34 square meters
Tired parents who are waiting for a kindergarten place in the city are concerned about insufficient income with the current inflation. Parents of children who were denied a place in kindergarten in Reykjavík gathered at the town hall to protest against the situation. The mayor says that an increase in start-up grants for new kindergartens […]
Bank of Finland: Finland’s economy in a dormant state
According to the central bank, it will take some time before the effects of inflation are fully felt in the economy.
Finnish Fazer announces two rounds of negotiations in as many days
The line would not only enable an increase in baking capacity, but also reduce the bakery’s total energy consumption and carbon dioxide emissions significantly. The negotiations concern a total of 218 people and some white-collar workers working in Lahti. Possible cuts are planned to be implemented in stages between 2023 and 2025. Fazer announced that […]
464: This is how Ebba Busch hopes to cope with the crisis
The Christian Democrats’ party secretary Johan Ingerö has been reported to the police by party colleague Sara Skyttedal. Skyttedal accuses Ingerö of something that allegedly happened at a party in connection with the EU elections in 2014. Ingerö, who denies the accusations, has been forced to leave her position as party secretary. Party leader Ebba […]
YLE: The price of food in Finland rose by more than 16% in February from a year ago
Food prices rose by 16.1 percent in November-December. The steepest annual increase in food prices was observed almost six decades ago, in 1964, when food prices rose by an average of 12 percent. In February, the prices of sugar, flour, butter and eggs rose by more than 30 percent from the previous year. The coffee […]
The Central Bank raises the countercyclical buffer
Although the financial system in Iceland is assessed as stable by the Central Bank, the financial situation of households and companies is deteriorating due to persistent inflation. Today, the countercyclical buffer rate was raised to 2.5%. Previously, it was at 2 percent. This morning the Central Bank’s Financial Stability Committee (FSN) published its half-yearly report […]
The German economy will stop in 2023
“When the gross national product contracted by another 0.2 percent in the first quarter, the economy will recover during the next year. Rising real wages from the middle of the year at the latest will support the German household, says ifo’s economist. Timo Wollmershäuser. Positive factors are the considerable increase in wages in collective agreements […]
No end to above-average inflation – Danmarks Nationalbank
Inflation will not return to normal next year, predicts a new Danmarks Nationalbank forecast. Last fall, its experts said they expected inflation to fall steadily in 2023 to the extent that in 2024 it would be little more than 1.7 percent — an estimate more or less in line with the so-called Vismænd (wise men’s), […]
Inflation on the rise in Finland: a long battle to tame prices ahead, warns the chief economist
Although prices may not continue as quickly as in February, the continuation of inflationary pressures is a major economic risk. The high price of electricity, food and increased loan interest rates were the main factors of annual inflation. Food and non-alcoholic drinks prices rose by a record 16.3% compared to last year, while monthly inflation […]
Georgia’s dream of Europe and the specter of inflation that refuses to die
Clashes between police and protesters in the Georgian capital Tbilisi have involved firebombs, tear gas and water cannons. On the surface, the protests have been about a bill aimed at organizations and media that receive money from abroad, it has been called “the Russian law”. But beneath the surface, the strong images are about much […]
Inflation accelerated to 8.8 percent in February, food prices rose by 16 percent
Prices of staples such as sugar, flour, butter and eggs are rising rapidly, with inflation for all well over 30 percent compared to February 2022.
Gigantti starts negotiations on the dismissal of up to 100 jobs
The company blamed a challenging consumer electronics market, declining consumer confidence, and global price increases and high inflation.
The production of meat, milk and eggs fell in Finland last year, when inflation forced the closure of farms
Some of the price pressure on farmers was related to the war in Ukraine, but some started well before Russia’s attack last year, says Luonnonvarakeskus (Luke).
NATO negotiations, elections and exciting summer plans: Finland in the world press
Sweden saw the meeting as a step forward despite Turkey’s blockade and objections. “The most important thing today is that we have gathered,” the Swedish negotiator Oscar Stenström told reporters at NATO headquarters in Brussels, Politico reported. Stenström added that the countries have agreed on further meetings. The article also discusses the alliance’s speculation about […]
A new study shows that women suffer from chronic stress more often than men in the Nordic countries
According to the study, the biggest difference between men and women experiencing chronic stress was in Sweden, where 50% of women and only 36% of men experienced long-term stress. In Denmark, both men and women experienced the least amount of stress, but there was still a clear difference between the sexes. The study found that […]
How can cryptocurrency be used in the future?
Cryptocurrency has been one of the fastest growing technologies in recent years, and many experts predict that this is just the beginning of how cryptocurrency can be used in the future. While most people continue to think of cryptocurrency as an investment opportunity, the true value of the technology has barely begun to emerge. In […]
Apartment prices have returned to the pre-pandemic level, says OP’s economist
Among Finland’s largest cities, prices fell the most in Oulu, Helsinki and Vantaa, and the least in Tampere and Turku. “As expected, the fall in apartment prices continued in January. The decline has now wiped out the gains made during the coronavirus pandemic, and the decline is likely to continue in the coming months. tweeted […]
The US dollar soars amid the Fed’s aggressive rate hike stance
NEW YORK, March 7 (Xinhua) — The U.S. dollar rose sharply on Tuesday, supported by expectations of more rate hikes from the Federal Reserve. The dollar index, which measures the greenback against six major peers, rose 1.2 percent to 105.5995. In late New York trading, the euro was down to US$1.0552 from US$1.0675 in the […]
Sweden sees record high food prices, mainly for baby food
STOCKHOLM, March 6 (Xinhua) — Food prices have seen record month-on-month increases in Sweden, with baby food particularly affected, a survey showed on Monday. The survey by price comparison site Matpriskollen covered around 44,000 items and showed that food prices had increased by 2.5 percent in February – the highest monthly increase since 2015, the […]
The US dollar falls as the euro rises
NEW YORK, March 1 (Xinhua) — The U.S. dollar fell in late trade on Wednesday amid strength in the euro. The dollar index, which measures the greenback against six major peers, fell 0.37 percent to 104.4849. The euro, the biggest component of the index, rose after data released on Wednesday showed German inflation remained high. […]
EU nation sees bankruptcies rise – Bloomberg
The number of insolvencies in Sweden has increased as consumption declines, the outlet reports Bankruptcies in Sweden soared for a seventh straight month in February, amid falling household consumption and growing pressure on construction companies from an ongoing crisis in the housing market, Bloomberg reported this week. A sharp slump in Sweden’s real estate sector […]
Sweden’s GDP for the fourth quarter shrinks 0.9 percent ahead of expected recession in 2023
© Provided by Xinhua On an annual basis, Sweden’s GDP shrank for the fourth quarter by 0.9 percent and several banks predicted a recession in 2023. STOCKHOLM, Feb. 28 (Xinhua) — Sweden’s gross domestic product (GDP) decreased by 0.9 percent in the fourth quarter of 2022 compared to the third quarter, according to figures released […]
The EU nation sees the number of bankruptcies increasing in Bloomberg
The number of insolvencies in Sweden has increased as consumption declines, the outlet reports Bankruptcies in Sweden soared for a seventh straight month in February, amid falling household consumption and growing pressure on construction companies from an ongoing crisis in the housing market, Bloomberg reported this week. A sharp slump in Sweden’s real estate sector […]
The Finnish economy is suffering from a technical recession and accelerating inflation
The financial consequences of the war in Ukraine have also affected the Finnish economy. From October to December 2022, the amount of Finnish exports decreased by 2.9 percent from the level of the previous quarter, while imports decreased by 2.4 percent. However, for the whole year, Finland’s economy grew by 2 percent compared to 2021. […]
Governor of the Riksbank Erik Thedéen: Further interest rate increases await
Erik Thedéen became head of the Riksbank at the turn of the year, in a situation with both high interest rates and negative growth. Since last May, the Riksbank has raised the key interest rate from 0 to 3 percentage points. The goal of the increases is to bring down inflation, which is currently at […]
Danske Bank updates its investment outlook: Stocks and bonds are weighted neutral
The increase in the neutral weight of stocks is due to the fact that the darkest clouds in the market have disappeared. Kivipelto, however, advises stock investors to be cautious about geographical diversification. “We are overweight in emerging markets. In addition, we still have a neutral weight on US and Japanese stocks. Regarding Europe, we […]
15-year-olds report that they have experienced stress due to poverty, reveals a study
The young people’s responses surprised the researchers, who said they were shocked by how many young people, regardless of gender, wrote about their inability to spend like their peers. Most of the essays also mentioned energy costs and inflation. More than half of the young people wrote about poverty-related stress, which was alarming. Even more […]
The stevedoring strike will end after the agreement between the transport workers and the port operators
According to him, the stevedores will return to work as soon as possible, but on Saturday at the latest. “During the 25-month contract period, salary increases will increase by 6.3 percent, in addition to which there will be a so-called deferment amount of 1,100 euros,” he comment For Helsingin Sanomat on Wednesday. Kokko said people […]
Finland’s economy shrinks in two consecutive quarters: Expert analysis
According to the latest data from Statistics Finland, the country’s gross domestic product (GDP) shrank by 0.6% in the last quarter of 2022 compared to the previous quarter, which is significantly worse than previous estimates. Just two weeks ago, Statistics Finland predicted that GDP would shrink by 0.2 percent. Despite this, GDP for the whole […]
Inflation breaks the 10 percent barrier
The consumer price index is up 1.39 percent from the previous month, and the inflation rate is now 10.2 percent. The consumer price index, excluding housing, has increased by 8.9% over the last twelve months. These figures come from the latest report from the Icelandic Statistics Office. Price index of consumer goods and services, based […]
The US dollar jumps after hot inflation data
NEW YORK, Feb. 24 (Xinhua) — The U.S. dollar rose sharply in late trade on Friday as the Federal Reserve’s preferred inflation gauge turned warmer than expected. The dollar index, which measures the greenback against six major peers, rose 0.6 percent to 105.2157. In late New York trading, the euro fell to US$1.0551 from US$1.0596 […]
Russia-EU relations no longer exist Moscow
The bloc chose economic ruin to be a vassal of the United States, Moscow’s UN envoy has said. Relations between the European Union and Russia are virtually non-existent, consumed by the abyss of EU subservience to the United States, Russian Permanent Representative to the United Nations Vassily Nebenzia told the Security Council on Thursday. Moscow […]
US dollar rises after Fed minutes
NEW YORK, Feb. 22 (Xinhua) — The U.S. dollar climbed in late trade on Wednesday as market participants analyzed the Federal Reserve’s latest meeting minutes. The dollar index, which measures the greenback against six major peers, rose 0.39 percent to 104.5801. In late New York trading, the euro fell to US$1.0601 from US$1.0649 in the […]
Consumer discount on the cards? State audit uncovers major discrepancies with the way Danish energy is delivered
A new report by the State Auditors reveals that between 2018 and 2021, Danish energy companies overcharged consumers by DKK 61.8 million – and that this may be the tip of the iceberg. Commissioned by the National Audit Office, the State Auditors’ report has only assessed the activities of 76 of the company’s 600 energy […]
Statistics Finland: Inflation slowed to 8.4 percent in January
However, the price of electricity remained the main factors of inflation, along with diesel prices and interest rates on both mortgages and consumer loans. In contrast, the factors that slowed down inflation were the fall in the prices of detached houses and the fall in the prices of prescription drugs. The publication of the inflation […]
Inflation in Finland will slow down during January as electricity prices stabilize
Last month, the annual change in consumer prices was 8.4 percent.
The acute crisis phase is over, says Finnair
The number of passengers transported by the airline increased by almost 61 percent to 2.5 million, which increased the passenger utilization rate to 72 percent. Topi MannerCEO of Finnair on Wednesday said the airline is leaving behind the acute three-year phase of the crisis and continues to recover. “This is another important step in the […]
The US Dollar Falls Amid Economic Statistics
NEW YORK, Feb. 16 (Xinhua) — The U.S. dollar edged lower in late trade on Thursday as market participants digested recently released economic data. The dollar index, which measures the greenback against six major peers, fell 0.03 percent to 103.8780. In late New York trading, the euro was up at US$1.0687 from US$1.0683 in the […]
Fewer new companies registered this year
Has the tide turned?The good news is that the downward trend appears to have reversed in the last quarter of 2022. Pless said falling inflation levels and a pledge by Denmark’s new government across the middle to pump 300 million kroner into a new strategy for entrepreneurs may have helped turn the tide. See the […]
US dollar falls after inflation data
NEW YORK, Feb. 14 (Xinhua) — The U.S. dollar fell in late trade on Tuesday after data showed U.S. inflation for January turned out warmer than expected. The dollar index, which measures the greenback against six major peers, was down 0.12 percent at 103.2355 in late trade. In late New York trading, the euro was […]
Reserve Bank renovation well overdue
There is no doubt that the Coalition-stacked Reserve Bank needs a deep clean-up, hopefully including an updated, more democratic selection process, writes Lachlan Newland. TREASURER JIM CHALMERS have promised reform from the Reserve Bank of Australia (RBA). This is hardly surprising as every current board member is a coalition appointee. Politicians often talk about interest […]
The US dollar falls as traders await key inflation data
NEW YORK, Feb. 13 (Xinhua) — The U.S. dollar fell in late trade on Monday as market participants awaited a key U.S. inflation report. The dollar index, which measures the dollar against six major peers, fell 0.26 percent to 103.3630. In late New York trading, the euro was up at US$1.0715 from US$1.0674 in the […]
The US dollar rises as traders assess Fed policy
NEW YORK, Feb. 8 (Xinhua) — The U.S. dollar edged higher in late trade on Wednesday as market participants gauged the Federal Reserve’s future policy stance. The dollar index, which measures the greenback against six major peers, rose 0.005 percent to 103.4170. In late New York trading, the euro was up at US$1.0723 from US$1.0721 […]
Sweden raises the key interest rate to 3 pct to curb inflation
STOCKHOLM, Feb. 9 (Xinhua) — Sweden’s central bank (Riksbank) on Thursday announced a 50 percentage point increase in the key interest rate to 3 percent, the highest in 15 years. The Riksbank said the rate hike, due to take effect on February 15, was necessary as the country’s 12-month consumer price index (CPI) reached 12.3 […]
US dollar firms ahead of key inflation data
NEW YORK, Feb. 10 (Xinhua) — The U.S. dollar strengthened in late trade on Friday as market participants awaited a key U.S. inflation report. The dollar index, which measures the greenback against six major peers, rose 0.38 percent to 103.6290. In late New York trading, the euro was down to US$1.0674 from US$1.0736 in the […]
Food inflation hits the demand for fruits and vegetables
When buyers’ wallets show signs of stress, many cut fresh produce, reports the news agency.
Consulting: Investments in Finnish real estate fell by 58% in the last quarter of 2022
More than a quarter, or EUR 270 million, of the total investments were in office real estate, almost EUR 200 million in healthcare real estate, and more than EUR 110 million in residential real estate, according to the report. The activity in the first half of the year was the highest on record, with real […]
Teollisuusliitto cancels strikes after chemical and technology industry contracts
The technology industry may still face Trade Union Pro and YTN’s strike. Helsington Sanomat on Sunday wrote that the agreement guarantees this year’s general 3.5 percent salary increase for employees in the technology sector and a one-time additional bonus of 400 euros to be paid in March. Salary increases in the industry will continue next […]
Dane of the year: Who is Ariel and who is Ursula?
Given that 2022 brought us a general election, our ‘Dane of the Year’ should definitely be a politician. Prime Minister Mette Frederiksen, Lars Løkke Rasmussen, Alex Vansplagh and Inge Støjberg – the respective leaders of the Social Democrats, the Moderates, the Liberal Alliance and the Danish Democrats – could all have been worthy inclusions based […]
OP: Finland will sink into a mild recession in 2023
“We are looking at a couple of years of interminably slow development rather than a clearly defined recession and rapid recovery,” he said. press release on Tuesday. According to OP, the recession affects the economy widely and makes it difficult for exports, private consumption and investments. The value of exports grew at an almost unprecedented […]
Economic Policy Council: The next government needs a credible plan to adjust public finances and combat climate change
Demand more targeted measures to mitigate the effects of crises Additional spending on military and other security-related uses has likely been necessary, while certain measures to increase purchasing power, such as a temporary reduction in VAT on electricity, have not been necessary. Severely affected households must be helped. However, not all households and companies can […]
The labor dispute in the retail trade escalates – the employers asked to stop collecting union membership fees
Anna LavikkalaThe trade union’s head of labor market affairs said the union cannot sit on the sidelines and passively oversee “proportionate” strikes aimed at employers amid collective bargaining. “In this situation, employers simply have no other choice but to resort to measures outside the negotiation table,” he stated. press release. The announcement came a day […]
Inflation continues to rise
The latest market research by the Icelandic Statistical Office shows an increase in the consumer price index from month to month, by 0.85%. Inflation is currently 9.9%, the last time it was at this level in July 2022. Inflation rates fell slightly in the fall of 2022, but rose throughout the winter. Icelandic consumers have […]
Inflation continues to rise
The latest market research by the Icelandic Statistical Office shows an increase in the consumer price index from month to month, by 0.85%. Inflation is currently 9.9%, the last time it was at this level in July 2022. Inflation rates fell slightly in the fall of 2022, but rose throughout the winter. Icelandic consumers have […]
Inflation continues to rise and now stands at 9.9%
The latest market research by the Icelandic Statistical Office shows an increase in the consumer price index from month to month, by 0.85%. Inflation is currently 9.9%, the last time it was at this level in July 2022. Inflation rates fell slightly in the fall of 2022, but rose throughout the winter. Icelandic consumers have […]
Ministries: Finland’s large railway infrastructures have a big price tag, a carbon footprint
The ministries stated last week that the implementation of the projects would require substantial public sector investment, as other sources of funding, such as operator and user fees, would be relatively small compared to the required investment. Although private investors have also expressed interest in such projects, they would likely require state guarantees, leaving the […]
Almost half of the Danish retailers expect to raise prices over the next three months – survey
Do you ever get the feeling that there are no bargains in the supermarkets in January because they went over-the-top in the build-up to Christmas? Discount butter to spread on duck, discount butter for a dollop of Risalamande, discount butter to mix with cinnamon for countless portions of porridge while watching the Christmas calendar – […]
Almost half of the Danish retailers expect to raise prices over the next three months – survey
Do you ever get the feeling that there are no bargains in the supermarkets in January because they went over-the-top in the build-up to Christmas? Discount butter to spread on duck, discount butter for a dollop of Risalamande, discount butter to mix with cinnamon for countless portions of porridge while watching the Christmas calendar – […]
Suomen Swappie is considering the fate of up to 290 jobs as part of a reassessment of operations
The negotiations are part of a plan to reorganize the renovation activities and to focus the renovation activities outside of Finland, for example in Estonia and Germany. “We are now focusing on supporting our talented employees in this process, and for this reason we will not make any related statements for the time being”, wrote […]
The EU called for increased spending to compete with the US
Leaders of the bloc will meet next month to discuss possible responses to what they see as unfair measures Germany and France have called on the EU to increase support for domestic industry and unleash massive investment to avoid falling behind US companies in light of the US Inflation Reduction Act (IRA), which they say […]
Why it’s important to eat at work – even the odd cake
When England’s Food Standards Agency chief Susan Jebb recently compared eating cake at work to second-hand smoke, office cubicle walls trembled across the country. She told The times: Professor Jebb is right to criticize unstructured eating in the workplace, which can contribute to unhealthy eating. Overconsumption of unhealthy products such as cookies and processed foods […]
US dollar edges higher amid economic statistics
NEW YORK, Jan. 18 (Xinhua) — The U.S. dollar rose modestly in late trade on Wednesday as market participants digested a flurry of economic data. The dollar index, which measures the greenback against six major peers, added 0.004 percent to 102.3810. In late New York trading, the euro was up at US$1.0795 from US$1.0794 in […]
Tourism will return to pre-pandemic levels in some areas in 2023
Depending, among other things, on the extent of the economic recession, the continued recovery of tourism in the Asia-Pacific region, and the development of Russia’s aggression in Ukraine. All areas will be restored More than 900 million tourists traveled internationally in 2022 – double the number in 2021, though still 63% of pre-pandemic levels, according […]
Inflation to a 40-year high, family planning and more wind power: Finland in the world press
In addition, Nieminen says that the rise in consumer prices started in the second half of 2021. Due to the Ukraine crisis and subsequent international sanctions, prices rose steadily in May. The main reason for inflation in 2022 was the rise in loan interest rates and the rise in food and energy prices. The peak […]
Inflation in Sweden is three decades high
The data show that electricity and food are peaking higher than expected price growth Inflation in Sweden has soared to double digits for the first time in more than thirty years, driven by rising electricity and food prices, Statistics Sweden said on Friday. Sweden’s inflation adjusted for fixed interest rates (KPIF), the measure used by […]
US dollar slips amid consumer sentiment data
NEW YORK, Jan. 13 (Xinhua) — The U.S. dollar edged lower in late trading as market participants digested the recently released U.S. consumer sentiment report. The dollar index, which measures the greenback against six major peers, fell 0.08 percent to 102.2110. In late New York trading, the euro was down to US$1.0828 from US$1.0851 in […]
Economic experts expect a slight slowdown in inflation worldwide
In Western Europe (5.4 percent), North America (5.2 percent) and Southeast Asia (5.3 percent), inflation expectations for 2023 are well below the world average. “The ECB’s interest rate hikes in December also contributed to the fall in inflation expectations in Europe,” says Potrafke. The ECB had raised its key interest rate by another 0.5 percentage […]
Can wage increases across industry close the real wage gap?
Negotiations are underway between employers and trade unions, which could have serious consequences for the purchasing power of the 230,000 people in Denmark who are employed in heavy industry, such as production jobs. A further 370,000 private sector workers – in retail, construction, transport, financial services etc – will be affected by the results, which […]
Fazer could reduce up to 95 jobs as part of the transition to oat-based products in Kouvola
Kati RajalaDirector of Fazer’s non-dairy and dairy business, said that the company is considering separating the dairy industry from the need to improve the efficiency of the production plant. “As a small-scale dairy processor, we are no longer competitive, and recent inflationary trends have further exacerbated our profitability challenges,” he commented. press release. “Closing the […]
Finland’s economy will sink into recession in 2023, says the Ministry of Finance, the Bank of Finland
However, the economy is not returning to the growth path that was expected before the Russian invasion of Ukraine. “We expect inflation to slow down clearly over the next year and consumption to recover in 2024,” Janne Huovarifinancial advisor at the Ministry of Finance, was quoted saying At Helsingin Sanomat’s press conference in Helsinki on […]
Consumer sentiment in Finland falls to a record low in December
The indicator had reached its previous low in September. Almost four out of ten consumers (38%) this month estimate that their financial situation has deteriorated over the past year. Conversely, only 16 percent estimate that their financial situation has improved since December 2021. Research data also shows that consumers are unprecedentedly cautious when buying durable […]
Right-wing example in Europe, long-term impact still uncertain
© Provided by Xinhua Voters across much of Europe have swung far to the right in their quest for change as they have been hit by rising energy bills and record inflation intensified by the ongoing Ukraine crisis. ROME, Dec. 27 (Xinhua) — With successes in Italy and Sweden and a foothold in Hungary and […]
Yearender: Right-wing example in Europe, long-term impact still uncertain
ROME, Dec. 27 (Xinhua) — With successes in Italy and Sweden and a foothold in Hungary and Poland, right-wing nationalism has been on the rise in Europe in 2022. Voters across much of Europe have swung far to the right in their quest for change as they have been hit by rising energy bills and […]
Changes to Kela benefits in 2023
The age limit to qualify for the so-called unemployment path to retirement will be raised and those born in 1965 or later will no longer be eligible for any additional days of unemployment allowance. Reimbursements from Kela will no longer be available for most examinations and treatments ordered by doctors practising in the private sector. […]
The conflict between Russia and Ukraine is putting Europe’s societies to the test
© Provided by Xinhua The economic, geopolitical and social consequences of all these developments have been profound – something the continent has not seen for decades. The calls for peace and stability grow stronger every day. by Xinhua writers Fu Yiming, Chen Chen, He Miao STOCKHOLM, Dec. 26 (Xinhua) — In 2022, the protracted conflict […]
Yearender: The Russia-Ukraine conflict is testing Europe’s societies
by Xinhua writers Fu Yiming, Chen Chen, He Miao STOCKHOLM, Dec. 26 (Xinhua) — In 2022, the protracted conflict between Russia and Ukraine, the series of problems caused by the North Atlantic Treaty Organization (NATO) expansion and the energy crisis have all caused serious headaches everywhere. Europe. Adding fuel to the fire were the West’s […]
The Swedish government expects the recession to last until 2025
STOCKHOLM, Dec. 22 (Xinhua) — Sweden will enter a recession next year that is expected to last until 2025, the government said here Thursday. “The Swedish economy and households will be under pressure in the coming years,” Finance Minister Elisabeth Svantesson said when she presented the economic forecast at a press conference. – The recession […]
450: The winners and losers of politics in 2022
2022 has been an exceptionally eventful year. It started with Russia’s invasion of Ukraine, which led to civil peace here at home and Sweden gave the thumbs up to NATO. Then the election campaign took place where high fuel prices, electricity prices, recession and inflation caused all parties to compete to see who could offer […]
The rupee fell 10p to 82.709 against the dollar in early trade
Mumbai (Maharashtra) [India]December 21 (ANI): The rupee fell against the US dollar on Wednesday morning as the US currency strengthened against key rivals overseas. According to Investopedia, the rupee was trading at 82.709 against the dollar at 10.33 am. It slipped over 10p from yesterday’s close of 82.6. The dollar index was at 104.14 (up […]
Round-Up in Danish News: Outrage after the Prime Minister fails on the promise of clean drinking water before the election
Another storm threatens to engulf the newly assembled Danish government following the political and public backlash against plans to abolish one of the spring holidays. READ MORE: Church, vocal minorities and academics oppose plans to abolish public holidays, but businesses are mostly in favor Prime Minister Mette Frederiksen has been accused of going back on […]
Guest opinion: More war or EU enlargement?
The time is now for the EU to show leadership and put forward – with maximum fanfare – a peace plan between Ukraine and Russia that will absorb both nations as full members of the EU. Proven peacemakerAt first glance, the very idea of the EU stretching from Galway to Vladivostok would seem absurd to […]
‘Kiev’ confirmed as Word of the Year in Denmark
Last year, the winner was ‘coronapas’, and in 2020 it was ‘samfundsind’ – a revived compound word meaning ‘community spirit’, made up of ‘samfund’ (society) and ‘sind’ (mind). So you can safely say that Denmark’s ‘Word of the Year’ is usually news-related – in 2017 it was the Women’s National Team – and it was […]
‘Kiev’ confirmed as Word of the Year in Denmark
Last year, the winner was ‘coronapas’, and in 2020 it was ‘samfundsind’ – a revived compound word meaning ‘community spirit’, made up of ‘samfund’ (society) and ‘sind’ (mind). So you can safely say that Denmark’s ‘Word of the Year’ is usually news-related – in 2017 it was the Women’s National Team – and it was […]
The US dollar rises amid hawkish central bank signals
NEW YORK, Dec. 16 (Xinhua) — The U.S. dollar rose in late trade on Friday as market participants digested statements from major central banks. The dollar index, which measures the greenback against six major peers, rose 0.14 percent to 104.7030, after a 0.76 percent jump in the previous session. In late New York trading, the […]
Business Round-Up: Rough year for car sales … but not the electric kind
Going up and upThe number of electric cars in Denmark has now reached 106,000 – an increase of 75.6 percent from a year ago. So far this year, 38.5 percent of newly registered cars have been electric or plug-in hybrid cars. See all the car sales figures from 2022 here. Organic exports increased significantlyDenmark’s export […]
US dollar falls after Fed decision
NEW YORK, Dec. 14 (Xinhua) — The U.S. dollar weakened in late trading on Wednesday as market participants digested the Federal Reserve’s latest interest rate decision. The Fed raised interest rates by 50 basis points on Wednesday, after announcing four straight 75 basis point hikes at its recent meetings, in an effort to curb inflation. […]
Right now: How you are affected by the Fed’s hike
The US central bank, the Federal Reserve, Fed, raises the key interest rate by 0.5 percentage points. That message was given by Fed chief Jerome Powell on Wednesday evening. After four straight increases of 0.75 percentage points in the US, many analysts predicted a slightly lower increase this time, including after the US showed an […]
Inflation accelerated to 9.1 percent in November
The increase in consumer prices has been greater than at any time since 1983.
US dollar falls after cooler-than-expected inflation report
NEW YORK, Dec. 13 (Xinhua) — The U.S. dollar weakened significantly in late trading Tuesday after data showed U.S. consumer inflation rose less than expected in November. The U.S. consumer price index (CPI) rose 0.1 percent last month, below the 0.3 percent consensus, for a 7.1 percent increase from a year earlier, the Labor Department […]
The threat of trade war that Europe must tackle
In a short time, the Inflation Reduction Act, IRA, has emerged as a huge issue for the EU. The extensive US support package for companies that reach a certain level of domestic production is provoking bile fever among European rulers. From Europe’s side, there is a risk that companies in hot industries will in the […]
Sweden is facing the worst economic downturn in the EU – Bloomberg
The nation’s real estate market has collapsed amid slowing consumption A sharp slump in Sweden’s real estate sector threatens to deepen a looming economic crisis in the Nordic region’s largest economy, Bloomberg reported on Monday. The store warned that the country’s real estate market, after almost twenty years of stable growth, is undergoing “a dramatic […]
Sweden is facing the worst economic downturn in the EU Bloomberg
The nation’s real estate market has collapsed amid slowing consumption A sharp slump in Sweden’s real estate sector threatens to deepen a looming economic crisis in the Nordic region’s largest economy, Bloomberg reported on Monday. The outlet warned that after nearly twenty years of steady growth, the country’s property market is undergoing “a dramatic change”. […]
US dollar rises ahead of CPI data, Fed meeting
NEW YORK, Dec. 12 (Xinhua) — The U.S. dollar strengthened in late trade Monday as market participants awaited a key U.S. inflation report and the Federal Reserve’s monetary policy meeting. The US consumer price index (CPI) for November is released on Tuesday. The Fed is expected to deliver another rate hike when it wraps up […]
