Sweden’s largest pension fund, Alecta, is under fire this week for investments it made into now-defunct U.S. regional banks. After the collapse of the tech-startup-focused Silicon Valley Bank (SVB) on...
Tag: Swedens
Sweden’s Free-Falling Property Market Triggers Worst Economic Slump in EU
(Bloomberg) — Soaring inflation and rising borrowing costs have sent housing prices on a steep downward trajectory across the world, but one of the places where this trend is playing out the fas...
Why Sweden’s $41 Billion of Property Debt Is Alarming Europe
(Bloomberg) — Even in Sweden few people knew much about Castellum AB. Yet the hurried sale of 40 million shares in the property company earlier this month is now seen by some as a harbinger of t...
Sweden’s central bank tests CBDC for retail and international remittance payments
Sweden’s central bank, the Riksbank, along with the central banks of Israel and Norway and the Bank for International Settlements (BIS), is exploring the use of a central bank digital currency (CBDC) ...
Sweden’s central bank launches 100 basis point rate hike
Sweden’s Riksbank launched a 100 basis point hike to interest rates on Tuesday as it looks to rein in inflation. Mikael Sjoberg/Bloomberg via Getty Images Sweden’s Riksbank on Tuesday laun...
Sweden’s Priority Should be Steel Production, Not Bitcoin Mining, Energy Minister Says
Khashayar Farmanbar – Energy Minister of Sweden – believes the nation’s electricity supply should be focused on something “more useful” than bitcoin mining. Over the years, the country has made a name...
Is Bitcoin (BTC) a Currency? Sweden’s Central Bank Weighs In on the Largest Crypto Asset
Sveriges Riksbank, Sweden’s central bank, is looking at Bitcoin in an effort to determine whether the largest crypto asset could be considered as a currency. According to Riksbank, Bitcoin must meet t...
Turkey’s Erdogan Told Allies It Will Say ‘No’ To Finland And Sweden’s NATO Bids, In His Most Definitive Statement Yet
Topline Turkish President Recep Tayyip Erdogan said Thursday that Turkey will reject Finland and Sweden’s NATO bids, delivering a potential blow to the two countries’ applications for membership one d...
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...
Sweden’s central bank completes second phase of e-krona testing
The Swedish central bank’s digital currency project, a proposed CBDC, known as the e-krona has successfully finished its second phase of trials. According to Riksbank, the nation’s central bank,...
Technicorum and Tradera Launch First NFT Project with Sweden’s Most Prominent Artist Ernst Billgren
Advertisement     Technicorum Holdings, a global investment and compliance company headquartered in Singapore, specializing in digital assets like blockchain-based pro...
Crypto Advocates Push Back on Sweden’s Call for EU Mining Ban
“I think this is a weak argument. It is like saying: If we don’t make it – weapons, drugs, child pornography, crypto mining, whatever – somebody else will, so we might as well do it,” Overland said. “...
Sweden’s inflation rate at a 29 year high, “transitory”
Inflation is on the rise in many parts of the world. On Wednesday, The U.S. Federal Reserve reported a CPI inflation of 7.0% for December. Following this trend, the inflation rate of the Swedish krona...