Volvo to lay off 600 workers
Sweden

Volvo to lay off 600 workers

Swedish truck maker Volvo is to cut 600 jobs in Sweden and Belgium on top of the 1,400 redundancies announced last month.

How has the financial crisis affected you?
Sweden

How has the financial crisis affected you?

Every week a panel of readers will be giving their views on the burning issues of the hour. This week: The Panel assess the effects of a crisis that has been emptying wallets worldwide.

Berliners struggle with Tempelhof closure
Germany

Berliners struggle with Tempelhof closure

Some Berlin residents aren’t coping well with the impending closure of the city's historic Tempelhof airport this week, with police even investigating threats against Mayor Klaus Wowereit.

US election watch: The case for Obama
Sweden

US election watch: The case for Obama

With the US election just around the corner, we ask people living in Sweden to explain their reasons for supporting either of the candidates. First up, Peter Dahlen of Democrats Abroad explains why he believes Barack Obama is the right man for the job.

Economy Ministry sets up hotline for crisis-hit firms
Germany

Economy Ministry sets up hotline for crisis-hit firms

The German Economy Ministry said Wednesday it had set up a hotline for small- and medium-sized enterprises (SMEs) that are having problems with financing because of the international crisis.

Travellers struggle with Sterling bankruptcy
Sweden

Travellers struggle with Sterling bankruptcy

The news of the Sterling Airlines bankruptcy and the cancelled flights that came with it have left thousands of travellers scrambling to find alternate routes and begin the process of recouping money spent on now worthless tickets.

Gothenburg honours nightclub fire victims
Sweden

Gothenburg honours nightclub fire victims

A memorial to the victims of the 1998 Gothenburg nightclub fire, which claimed 63 lives, will be unveiled on Wednesday night on the tenth anniversary of the blaze.

YouTube death threat ‘was a joke’
Sweden

YouTube death threat ‘was a joke’

A 25-year-old man has told police that a death threat he posted in a video on YouTube was a joke that spiralled out of control.

Parliament passes trillion kronor plan
Sweden

Parliament passes trillion kronor plan

The Swedish parliament has passed a 1.5 trillion kronor ($194.1 billion) plan to aid the country's financial sector as it struggles to weather the global credit crisis.

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Germany

Lufthansa to take control of Britain’s BMI

German airline Lufthansa said Wednesday it would boost its stake in British carrier BMI to 80 percent, giving it control of the company and a large foothold in Europe's biggest airport.

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Sweden

Sweden’s Karlsson on track to claim prestigious golf honour

Sweden's Mr. Consistency, Robert Karlsson, will bid to become the first player from his country to win the European Order of Merit when he tees off in the season-closing Volvo Masters at Valderrama on Thursday.

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Sweden

Sörenstam leaves door open for comeback

World number two Annika Sörenstam said Wednesday she doesn't rule out a comeback if she feels the urge despite deciding to call it quits at the end of the season.

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Sweden

Lawyer appeals Arboga murder conviction

The lawyer for Christine Schürrer, the 32-year-old German woman sentenced to life in prison for the killing of two toddlers in Arboga in central Sweden last spring, has appealed his client’s conviction.

Muppet caught speeding in Bavaria
Germany

Muppet caught speeding in Bavaria

Is there an "Animal" endangering the streets of Bavaria? Police traffic cameras recently captured a puppet speeding, but the culprit turned out to be a hot-footed British driver with a sense of humour.

Sweden’s Ljungberg heading to Seattle
Sweden

Sweden’s Ljungberg heading to Seattle

Swedish footballer Freddie Ljungberg has signed on with the Seattle Sounders FC, the newest expansion team of the United States’ Major League Soccer professional league.

Berlin extends anti-terror Naval mission off Horn of Africa
Germany

Berlin extends anti-terror Naval mission off Horn of Africa

The German government on Wednesday extended its monitoring mission in the Horn of Africa as part of the US-led "war on terror," but lowered its troop levels.

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Sweden

Riksbank offers loans to corporate sector

Sweden's central bank said on Wednesday it would facilitate access to loans for non-financial companies feeling the effects of the global crisis.

Czech cops post pics of German johns online
Germany

Czech cops post pics of German johns online

Czech police are cracking down on prostitution in the tiny border town of Chomutov by posting photos of German johns in the act on the internet, German broadcaster ARD reported this week.

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Sweden

Swedish boat sets 24-hour record in Volvo Ocean Race

Sweden's Ericsson 4 has broken the world 24-hours distance record for a monohull yacht during the Volvo Ocean Race around the world which departed from Spain earlier this month, organizers said Wednesday.

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Sweden

Swedish economy set for minor recession

The National Institute of Economic Research has downgraded its forecast for the Swedish economy in 2008 and now projects negative growth in 2009 as the country’s main economic indicator dropped to its lowest level since 1996.

Porsche denies blame for VW stock chaos
Germany

Porsche denies blame for VW stock chaos

Luxury carmaker Porsche on Wednesday denied responsibility for the stock market chaos caused by the rollercoaster movements of Volkwagen shares, which have wreaked havoc with the value of the DAX in recent days.

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Sweden

Swedish stock exchange bounces back

The Stockholm stock exchange rebounded from a shaky start to the week with a 5 percent jump in early Tuesday trading.

Germany opens first offshore wind farm
Germany

Germany opens first offshore wind farm

Germany opened its first offshore wind farm this week - a move Environment Minister Sigmar Gabriel called a key step toward more reliance on renewable energy in Europe's biggest economy.

Sterling Airlines goes bankrupt
Sweden

Sterling Airlines goes bankrupt

Danish budget carrier Sterling Airlines is to file for bankruptcy on Wednesday, the company said in a statement.

‘End peacetime conscription’: government commission
Sweden

‘End peacetime conscription’: government commission

A government commission has proposed that Sweden abandon peacetime military conscription.

Beer sales on the rise
Germany

Beer sales on the rise

Perhaps the financial crisis is leading to a few more half litres of Hefeweizen each night for Germans. Beer sales rose two percent in the third quarter of 2008, the Federal Statistics Office (Destatis) announced on Wednesday in Wiesbaden.

One-third of German hospitals in debt
Germany

One-third of German hospitals in debt

Every third German hospital is in debt, according to survey by daily Bild published on Wednesday.

Berlin wants EU peacekeepers to stay in Bosnia
Germany

Berlin wants EU peacekeepers to stay in Bosnia

German Defence Minister Franz Josef Jung has said that the EU’s peacekeeping mission in Bosnia should remain in place for now.

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Sweden

Man shot in Stockholm suburbs

A man suffered life-threatening injuries following a shooting in the Stockholm suburb of Rinkeby.