Freiburg priest on trial for 101 crimes
Germany

Freiburg priest on trial for 101 crimes

A Catholic priest in the southwestern German city of Freiburg went on trial on Monday charged with a total of 101 crimes including blackmail, fraud, breach of trust, coercion and assault.

German police bust human trafficking ring
Germany

German police bust human trafficking ring

Two Indians have been arrested in the state of Saxony-Anhalt after they were caught trafficking several hundred people into Germany, the state police in Magdeburg reported on Monday.

Hypo Real Estate gets last-minute rescue
Germany

Hypo Real Estate gets last-minute rescue

The German mortgage bank Hypo Real Estate (HRE) was granted a last-minute "multi-billion euro" credit line from a consortium of German banks that allowed it to avoid declaring bankruptcy, it said Monday.

Swedish alternative medicine sector in danger of fragmentation
Sweden

Swedish alternative medicine sector in danger of fragmentation

Consumers of complementary and alternative medicine (CAM) are getting a rough deal in Sweden compared to other Europeans, argues Lysanne Sizoo.

Iran praises ‘constructive’ Germany in nuclear dispute
Germany

Iran praises ‘constructive’ Germany in nuclear dispute

A top Iranian diplomat on Monday praised Germany’s “constructive” role in the international community’s dispute with Tehran over its controversial nuclear programme.

Swedish markets drop as crisis fears mount
Sweden

Swedish markets drop as crisis fears mount

The Stockholm stock exchange suffered a sharp slide on Monday, dragged down by steep share price drops for Swedbank and the Carnegie investment bank, while the Riskbank took further measures to shore up liquidity, adding to fears that the effects of the global financial crisis may be hitting Sweden.

Swedish collection agency mired in debt
Sweden

Swedish collection agency mired in debt

Sweden’s official debt collection agency is suffering from severe economic problems after having over-spent and over-borrowed and may soon be forced to cut staff to stop the bleeding.

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Sweden

Immigrant women going without mammograms

Foreign born and low income women in Sweden are missing out on their right to mammograms, according to a new study.

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Sweden

Swedish treasury bill sales lower than expected

Sweden's debt office (Riksgälden) has said the demand for treasury bills has not been not as high as first feared when it stepped in to ease market tensions.

KfW execs sacked for ill-fated transfer to Lehman
Germany

KfW execs sacked for ill-fated transfer to Lehman

Germany's KfW said Monday it had fired two directors who have been suspended since the state development bank transferred more than €300 million to Lehman Brothers after it filed for bankruptcy.

Egyptian TV reports release of German hostages
Germany

Egyptian TV reports release of German hostages

Egyptian broadcaster MENA claims that 11 tourists – among them five Germans – who were kidnapped while on a desert trek have been released. But the German Foreign Ministry has yet to confirm the news.

Three Swedes among world’s most powerful businesswomen
Sweden

Three Swedes among world’s most powerful businesswomen

Three Swedish women are among Fortune magazine’s most powerful business women in the world, with SEB bank CEO Annika Falkengren coming in seventh place.

An end to Bavarian exceptionalism
Germany

An end to Bavarian exceptionalism

The Bavarian state election on Sunday was a black day for the ruling Christian Social Union, but it was a good one for German democracy and ultimately the conservatives themselves, writes The Local’s Marc Young.

Cologne canine killer poisons two dogs
Germany

Cologne canine killer poisons two dogs

Residents of Cologne's Stegerwaldsiedlung neighbourhood suspect they have an animal hater in their midst. Two dogs have died and several others barely survived after ingesting mysterious poison.

Halle drug company heralds new Alzheimer’s treatment
Germany

Halle drug company heralds new Alzheimer’s treatment

A German pharmaceutical research company in Halle has developed a groundbreaking new treatment for Alzheimer's disease, daily Mitteldeutsche Zeitung reported on Monday.

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Sweden

Nordea to aquire parts of ailing Danish bank

Nordea, the Nordic banking group partially-owned by the Swedish state, announced on Monday it is taking over parts of Denmark’s beleaguered Roskilde Bank.

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Sweden

Cab driver cleared of false rape allegations

A young Swedish couple has been charged with bearing false witness after the woman reported she had been raped by a cab driver when the driver tried to get the couple to pay for their ride.

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Sweden

Foreign ministry suffers from ‘culture of silence’

Undeservedly high pay packages, conflicts of interest, and a demoralized workforce are just a few of the problems found at Sweden’s Ministry of Foreign Affairs by a consultancy hired to review the agency’s operations.

Thomas Cook drops out of talks with German Wings and TUIFly
Germany

Thomas Cook drops out of talks with German Wings and TUIFly

British travel group Thomas Cook dropped out of talks on Monday morning to combine its airline Condor with German discount airlines German Wings and TUIFly.

German conservatives under pressure after CSU poll debacle
Germany

German conservatives under pressure after CSU poll debacle

Chancellor Angela Merkel’s conservatives licked their wounds on Monday after historic losses in a Bavarian state election, as German voters continued to abandon major parties a year ahead of the national poll.

Global financial crisis putting German infrastructure at risk
Germany

Global financial crisis putting German infrastructure at risk

German states that have financed their infrastructure through cross border leasing with the United States are at risk of losing their transportation systems as the global financial crisis looms, daily Berliner Zeitung reported on Monday.

Boyfriend admits killing missing woman
Sweden

Boyfriend admits killing missing woman

The ex-boyfriend of 20-year-old Nathalie Johansen, who has been missing since May, confessed on Sunday evening to killing her.

Swedes smuggling less booze into the country
Sweden

Swedes smuggling less booze into the country

The smuggling of spirits and beer into Sweden has dropped by 35 percent during the first half of the year, according to researchers at Stockholm University.