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GLOBAL

Facebook's Libra has staggering potential - state control of money could end

The UN recognises 180 currencies worldwide as legal tender, all of them issued by nation states. It does not recognise cryptocurrencies like Bitcoin in this way, even if communities of enthusiasts have been treating them as a means of exchange for over a decade now...

By Gavin Brown 27 Jun 2019

SWEDEN

Volvo, Electrolux slash total of 4,000 jobs

STOCKHOLM, SWEDEN: Swedish industrial heavyweights Volvo trucks and Electrolux announced a total of 4,000 job cuts around the world on Friday when they published disappointing figures for the third quarter.

28 Oct 2013

SWEDEN

Garlic smugglers make millions

STOCKHOLM, SWEDEN: Two British men are believed to have made millions of euros in just over a year by smuggling Chinese garlic from Norway into Sweden, a prosecutor in Gothenburg said.

10 Jan 2013

SWITZERLAND

IMD announces its 2012 World Competitiveness Rankings

LAUSANNE, SWITZERLAND: IMD, a top-ranked global business school based in Switzerland, has announced the findings of its annual World Competitiveness Yearbook (WCY). The WCY rankings measure how well countries manage their economic and human resources to increase their prosperity.

1 Jun 2012