Search Results for: sweden

Sweden to go cashless in 5 years

Sweden cashless society money currency

Sweden could very well be the first country to one day go totally cash-free. In fact, the Scandanavian country is well on its way, according to a new report from the New York Times. The country already has many banks that no longer dispense or take cash. But there may be issues brewing …

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Sweden shifting to a 6-hour work day

Happy workplace

Despite research telling us it’s a really bad idea, many of us end up working 50-hour weeks or more because we think we’ll get more done and reap the benefits later. And according to a study published last month involving 600,000 people, those of us who clock up a 55-hour week will have a …

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Crisis spreads to China, Australia, Brazil, Canada, Sweden

Financial crisis

Earlier today, we posted an excerpt from IceCap Asset Management’s latest letter to investors focusing on the farce that is the Greek bailout #3. Which can be summarized simply by the following table… … and Keith Dicker’s assessment which was that “for Greece, it’s mathematically impossible to repay its debt” and that …

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Sweden cuts rates below zero, launches QE

Sweden

Sweden has cut interest rates below zero and launched quantitative easing to fight deflation, becoming the latest Scandinavian state to join Europe’s escalating currency wars. The Riksbank caught markets by surprise, reducing the benchmark lending rate to minus 0.10pc and unveiled its first asset purchases, vowing to take further action …

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Sweden to officially recognise State of Palestine

Stefan Lofven Sweden

Sweden’s newly-formed center-left government is set to recognize Palestine as a sovereign state, said Prime Minister Stefan Lofven. If Stockholm proceeds with the move it will be the first EU-member to officially endorse Palestinian statehood. “The conflict between Israel can only be solved with a two-state solution, negotiated in accordance …

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Pirate Bay co-founder in solitary confinement in Sweden

Gottfrid Svartholm Warg The Pirate Bay

Sweden has The Pirate Bay founder Gottfrid Svartholm in solitary confinement, locked up for 23 hours a day, says his mother. Svartholm was convicted of helping people to break copyright law by creating and running the file sharing website. Two months ago, he was arrested in the Cambodian capital Phnom …

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Sweden aims to be cashless society

With just three per cent of all financial transactions involving cash, country moves to eliminate physical legal tender. Swedes are among the technologically savvy people on the planet, based on their high rates of use of mobile phones and internet banking. In fact, only three per cent of all financial …

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Australia’s household debt-to-income ratio is at an all-time high

Australia household debt income ratio

The Bank for International Settlements has warned that record household debt levels amassed in the past decade have left Australians among the most vulnerable to a sharp rise in global interest rates. According to the Reserve Bank of Australia, household debt-to-income ratio for Australia is at an all-time high of 189%. …

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Julian Assange’s case: the full story

Julian Assange case full story

Julian Assange has been vindicated because the Swedish case against him was corrupt. The prosecutor, Marianne Ny, obstructed justice and should be prosecuted. Her obsession with Assange not only embarrassed her colleagues and the judiciary but exposed the Swedish state’s collusion with the United States in its crimes of war …

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