The war-torn countries around the globe have been forcing fleeing of the locals to nearby countries. The large percentage of refugee migration has principally been seen from war struck countries like Syria, Iraq and Afghanistan since World War 2. Recently, millions and millions of Syrian refugees fled for shelter in their neighboring countries, but alongside their lives lack many other basic needs.
Sweden
Sweden Penalizes Nasdaq Stockholm for $9.5 Million for Regulatory Non-Compliance
Sweden's financial supervisory authority has fined Nasdaq Stockholm $9.59 million for multiple non-compliance with bourse rules in recent years.
European banks under regulators' scanner amid Panama Papers issue
European banking regulators have begun probing links between banks and tax havens in the wake of leakage of Panama Papers. Switzerland's financial watchdog FINMA has cautioned banks to crack down on money laundering. Geneva has also commenced a criminal enquiry into banks dealing with tax havens in the wake of Panama Papers.
Hennes & Mauritz Q1 profit declines hurt by strong dollar
Hennes & Mauritz's quarterly sales including VAT rose by 9% in domestic currencies. The company's quarterly profit declined 30% as dollar increased over local currencies.
Scandinavian FSAs Summon Banks To Explain Their Accounts Against Panama Papers’ Allegations
Nordea Bank of Sweden and DNB ASA of Norway, largest lenders of the respective countries, have been accused of aiding in tax dodging by the leaked ‘Panama Papers’. DSAs of the respective countries have summoned them to explain their roles over the allegations. However, both the banks have denied any wrongdoing while reiterating commitments for upholding laws.
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Researchers at Linkoping University Sweden have created the analog and digital circuit inside living plants. Using the vascular system of a living rose as the model, they made the key elements of an electronic circuit inside the living rose and light up ions inside the flower's leaves.
Swedish-digital writing company Anoto has agreed to acquire California-smartpen maker Livescribe for $15 million. The agreement was announced on November 6 by Livescribe, which has a licensing partnership with Anoto since its foundation in 2008, according to a report from Venture Beat. Anoto Group AB operates in the consumer, healthcare, finance, transportations, and education industries.
With the hordes of refugees crossing its borders, Sweden needs extra $7 billion in 2016 and $8.2 billion every year until 2019 to provide for the needs of the people seeking asylum in the country.
Volvo's Drive Me Project has finally revealed the technology that's behind the autonomous driving interface which they've appropriately named the IntelliSafe Auto Pilot. The control interface is easy enough to use, and surprisingly straightforward. When the driver is ready to put the Volvo on autopilot, the destination is set in the car's navigation system and it illuminates both shift paddles when it's ready to take over the driving. When the driver pulls both paddles simultaneously, all he needs to do is sit back and enjoy the ride.
Volvo Group, along with three tech universities, had come up with an automated robot that would discreetly enter the garage and collect the trash. The project was named ROAR.
Playing down the threat to his business from the world's most valuable company, the founder of music streaming service Spotify said the industry was big enough for several players and his firm did not have to be number one.
Swedish fingerprint sensor firm Fingerprint Cards said it had cooperated with Google on fingerprint recognition in the new Android software platform, as the U.S. software group looks to boost the use of fingerprint sensors on mobile phones.
Swedish podcasting platform Acast has raised $5 million from Sweden's Bonnier Growth Media as it targets further expansion in Europe and the United States, it said in a statement on Monday.
Telecoms equipment maker Ericsson (ERICb.ST) reported a surprise fall in profits on Thursday as infrastructure spending by mobile network operators in its key North American market remained sluggish and fierce competition pressured margins elsewhere.
