Ericsson to lay off 5,000 despite posting profit
Despite the fact that it posted a surprisingly strong profit in the fourth quarter of 2008, Sweden’s telecom company Ericsson announced it was plannin...
Business
Information and news on Business and Finance related issues
Norway joins new green energy body
The Norwegian government has decided to join the newest global body dedicated to promoting renewable energy. The International Renewable Energy Agency...
Finland’s GDP to shrink two percent this year
The Finnish ministry of finance stated on its website that it expects the nation’s gross domestic product (GDP) to drop by more than two percent in 20...
4G broadband coming to Stockholm
A newly signed deal between Ericsson and TeliaSonera means Stockholm’s mobile broadband users will soon be able to surf the Internet using the latest ...
Norway holds Arctic summit
The University of Tromso in northern Norway is hosting the 3rd annual Arctic Frontiers conference, which is designed to discuss changes in the Arctic ...
Sweden’s online pirates get state funding
The Pirate Party, the youth branch of Sweden’s file-sharing and copyright reform advocacy group, has been given over a million kroner in state funding...
Norway and China ink oil development deal
A Memorandum of Understanding (MoU) has been signed between Norway and China concerning the two countries’ co-operation in the oil production sector. ...
Denmark bails out its banks
Following the lead of many other countries around the world, Denmark’s government has agreed to extend a 100 billion kroner (USD 17.8 billion) credit ...