– Advertisement – As CBDCs get more popular, the Bank of International Settlements (BIS) is partnering with three central banks to develop them. Stablecoins are getting more popular, not j...
Tag: Sweden
Exploring the CBDC factor in Israel, Norway, and Sweden
The Bank for International Settlements (BIS) and the central banks of Sweden, Norway, and Israel have joined forces to investigate the potential applications of central bank digital currencies (CBDC) ...
Israel, Norway and Sweden central banks partner with BIS to explore CBDC payments
The Bank for International Settlements, or BIS, has reported it will be partnering with the central banks of Israel, Norway and Sweden to explore international retail and remittance payments use cases...
Volvo starts series production of heavy-duty electric trucks
This image shows workers at Volvo Trucks’ plant in Sweden. Volvo Trucks Volvo Trucks said Wednesday that production of three heavy duty electric truck models was now underway, with its president...
Volkswagen-backed Northvolt to develop wood-based batteries for EVs
This image from 2007 shows logs and wood chips outside a Stora Enso paper mill in Finland. The firm says it’s “one of the largest private forest owners in the world.” Suzanne Plunket...
Sweden: Bitcoin mining ban in sight?
A couple of days ago, Sweden’s Minister for Energy Khashayar Farmanbar said that the country needs energy for more useful things than Bitcoin mining. This was reported by Bloomberg, citing statements...
Sweden says Bitcoin miners do not create jobs despite high energy demands
The energy minister of Sweden, Khashayar Farmanbar, does not agree that giving power to Bitcoin miners is feasible. Farmanbar said it was better to give energy to job-creating projects such as steel p...
Sweden averse to Bitcoin mining amid rapid rise in energy demand
Europe’s mining heaven Sweden looks to re-direct Bitcoin miners’ power to job-creating projects as the country’s energy demand rapidly increases. Sweden’s Energy Minister Khashayar Farmanbar told Bloo...
Sweden Prefers Using Electricity for Job Creation Activities than Bitcoin Mining
Sweden is at the crossroads of choosing to use electricity for job-creation projects or Bitcoin mining. The dilemma could be tough for this Northern European country to make a wise decision. In an int...
Sweden Needs Power for More Useful Things Than Bitcoin Mining, Energy Minister Says – Mining Bitcoin News
Concerned about projected increase in electricity demand, the government in Sweden may turn its back on crypto mining, the country’s energy minister has indicated. Swedish bitcoin minting industry, a ...
Sweden favors making steel over mining bitcoin as power gets scarce: Bloomberg
Sweden’s Energy Minister Khashayar Farmanbar told Bloomberg in an interview that it was more important to provide electricity for job-creating projects like steel plants than for bitcoin miners that a...
Erdogan’s Game With Nato Over Finland And Sweden: What He Really Wants
(Photo by ADEM ALTAN) AFP via Getty Images Everyone’s wondering what on earth Erdogan is up to – first he impedes the Nato accession of Finland and Sweden, then he gives the go-ahead after appar...
VW and Goldman-backed Northvolt gets $1.1 billion funding
Northvolt’s most recent funding announcement comes at a time when major economies are laying out plans to move away from vehicles that use diesel and gasoline. Mikael Sjoberg | Bloomberg | Getty...
NATO Begins Ratification Process To Add Finland And Sweden To Alliance—Here’s What Happens Next
Topline NATO on Tuesday officially began the ratification process to add of Finland and Sweden to the Western military alliance, a move that is expected to garner swift support from the alliance’s mem...
Here’s what’s hot — and what’s not — in fintech right now
There has been something of a rotation out of certain pockets of fintech that were hyped by venture capitalists last year, such as crypto and “buy now, pay later,” and into less sexy areas...
Zelensky Urges NATO For Security Guarantees As Sweden And Finland Invited To Join Alliance
Topline In what appears to be a shift in diplomatic strategy, Ukrainian President Volodymyr Zelensky asked NATO on Wednesday whether Ukraine has “not paid enough” to join the alliance—one day after Fi...
With Sweden And Finland Set To Join NATO, Europe’s Geography Just Got A Lot More Difficult For Russia
A British Army tank during training in Estonia in 2022. Crown copyright Turkey will lift its objection to Finland and Sweden joining NATO, setting the stage for the alliance’s biggest expansion in a g...
Finland And Sweden Closer To Joining NATO As Turkey Drops Objection
Topline NATO Secretary General Jens Stoltenberg said the “door is open” for Finland and Sweden to join the North Atlantic Treaty Organization after reaching an agreement with Turkey to lift its veto o...
Volvo has started testing trucks with fuel cells powered by hydrogen
According to Volvo Trucks, fuel cells for the vehicles will be provided by cellcentric, a joint venture with Daimler Truck that was established in March 2021. Tomohiro Ohsumi | Bloomberg | Getty Image...
Sweden Names Bitcoin Skeptic Erik Thedéen as New Central Bank Governor
Riksbank, the central bank of Sweden, said it had appointed bitcoin skeptic and current head of the national financial regulator Erik Thedéen as its new governor on Friday. Thedéen, director-general o...
Huge offshore wind farm to use recyclable turbine blades
A wind turbine at the Ormonde Offshore Wind Farm, in the Irish Sea. With governments around the world attempting to ramp up their renewable energy capacity, the number of wind turbines worldwide only ...
Will the Krona crash continue as Sweden inflation surge?
The USD/SEK price is nearing its all-time high ahead of the upcoming Federal Reserve interest rate decision. It rose to 10.15, which was the highest level since April 1 after the latest Swedish consum...
Central Bank of Sweden Does Not Think Highly Of Bitcoin
Central Bank of Sweden, Sveriges Riksbank, has taken it to the social media platform Twitter, to discuss Bitcoin. Central Bank of Sweden argues that the crowned asset fails as a value preserver, becau...
Turkey Expects ‘Serious Steps’ From Sweden On Terrorism Concerns, Erdogan Says
Topline Turkish President Recep Tayyip Erdogan spoke with the leaders of Sweden and Finland on Saturday, urging Swedish Prime Minister Magdalena Andersson to take “concrete and serious steps” to addre...
Turkey Blocks Start Of Talks On Finland And Sweden’s NATO Applications
Topline Turkey blocked an effort Wednesday to fast-track Finland and Sweden’s NATO applications, potentially preventing a swift accession to the alliance due to concerns from Turkish President Recep T...
Finland And Sweden Submit Applications To Join NATO
Topline Finland and Sweden officially submitted their applications to join NATO on Wednesday, head of the alliance Jens Stoltenberg confirmed, an expected move that the two historically neutral Nordic...
Turkey Opposes Finland And Sweden Joining NATO, Erdogan Says
Topline Turkish President Recep Tayyip Erdogan said Friday his country opposes Finland and Sweden joining NATO, potentially blocking the two countries’ hopes for a quick accession into the alliance, a...
Europe Cheers As Finnish Leaders Back Joining NATO—As Russia Threatens Retaliation
Topline Finland’s president and prime minister on Thursday announced their support for the country to apply for NATO membership “without delay,” leading to a strong, celebratory show of support from E...
U.K. Strikes Security Pact With Sweden And Finland
Topline British Prime Minister Boris Johnson said Wednesday the U.K. reached deals with Sweden and Finland as Sweden and Finland race to find new means of protection following Russia’s invasion of Ukr...
Defense Committee Calls It Best Option For Security
Topline The Finnish Parliament’s Defense Committee said on Tuesday joining NATO is the best option for the country’s national security, bringing the country’s highly anticipated decision a step closer...
The crypto industry wants to go green — that’s easier said than done
BODEN, Sweden — Tucked away in snowy Swedish Lapland is a modern-day gold mine. But instead of picks and shovels, it’s filled with thousands of computers. These machines, known as mining rigs, a...
Autos CEO warns of battery supply scarcity as EV competition heats up
In 2021, Volvo Cars said it planned to become a “fully electric car company” by the year 2030, a move which will require it to have a consistent and secure supply of batteries for its vehi...