Sweden

World's richest nations are pulling back from global development efforts

The United States fell two places to number 28 in the ranking in this latest report

The move has generated widespread interest, with large crowds thronging the streets of the town of 18,000 people.

Historic Swedish church on the move in logistical feat

Kiruna Kyrka is being moved five kilometres on remote-controlled flatbed trailers, inching along at a pace of half a kilometre an hour over two days to the new Kiruna town

Europe is expected to detail its plan this quarter to mobilise citizens’ funds sat in bank deposits as part of its Savings and Investments Union.

EU sees Sweden as a model as it looks to encourage investors

[BRUSSELS] The European Union (EU) wants to unleash trillions of euros in household savings by encouraging people to invest in capital markets – and it sees Sweden as a template of how to do so. 

Sweden has 45 billionaires, about 1.5 times more per capita than the US, which is often said to be enjoying a new gilded age.
THE BOTTOM LINE

Sweden: a socialist paradise overflowing with billionaires

The country is generating the kind of wealth that raises the risk of an anti-capitalist revolt

The rebound in the Swedish economy that began last year has shown signs of weakness in 2025, in household demand and the labour market, and faces uncertainty over US trade policies.

Sweden is well placed to tackle turmoil, Riksbank governor says

The tariffs announced by US President Donald Trump have raised uncertainty about future inflation and the recovery of the Swedish economy

Last month 4,200 detached houses and 9,300 apartments were sold, corresponding to increases of 13 per cent and 3 per cent, respectively, compared with a year ago.

Swedish home prices stage recovery after central bank rate cuts

Sweden’s home prices continued to advance last month as lower borrowing costs support a housing market that suffered one of the world’s worst post-pandemic slumps.

The sale will help China Evergrande New Energy Vehicle Group meet its imminent tax payment needs and other payment obligations.

China Evergrande's EV unit to sell 20% stake in Swedish firm for tax needs

It expects a total disposal loss of 23.8 million krona upon completion

The Riksbank lowered its policy rate by 0.5 percentage points – twice the usual size of a cut – to 2.75 per cent.

Sweden central bank makes biggest rate cut since 2014

SWEDEN’S central bank made its biggest interest rate cut since 2014 on Thursday (Nov 7) and signalled more reductions were forthcoming to kickstart the Nordic country’s economy.

The company plans to offer a maximum of 88 million shares in Sveafastigheter in a contemplated initial public offering, with pricing estimated in the range of 39.5 kronor (S$4.6) to 45.5 kronor each.

Landlord SBB to sell shares in housing unit for US$390 million

SBB will use proceeds from the sale to improve its financial position

Sweden's central bank reduced its interest rate to 3.25 per cent, and outlined additional easing that is likely to take the benchmark markedly lower by the end of 2024.

Sweden’s Riksbank cuts rate again and opens door to half-point move

SWEDEN’S Riksbank cut borrowing costs by a quarter point and raised the possibility of a bigger move in coming months in its bid to spur a listless economy.