Volvo Cars shares down 8% as first-quarter revenues fall
Shares of Swedish automaker Volvo Cars fell more than 6% in early trade on Wednesday after a drop in first-quarter revenues.
Asian news from Sweden
H&M shares fall as much as 8% on profit miss and scrapped earnings margin target
Shares of H&M tumbled as much as 8% on Thursday after the world's second-largest listed fashion retailer posted a miss on operating profit and abandoned its earnings margin target.
Battery giant Northvolt to cut 25% of workforce in Sweden as part of a major cost-cutting drive
Battery maker Northvolt on Monday announced plans to cut a total of 1,600 jobs in Sweden as part of a major cost-cutting drive.
Why Thailand chose to buy Swedish fighter jets instead of US F-16s
During the early years of the Cold War in 1950, Thailand became closely aligned with the US and acquired most of its military aircraft from there. Then, during the Vietnam war in 1966-1967, the US began supplying F-5A Freedom Fighters to Thailand, which became the backbone of RTAF fighter aircraft until 1988 when Lockheed-Martin F-16s gradually replaced them. Ultimately, Thailand bought six batches of F-16s until 2004. All F-5s were meant to retire in 2010 and all F-16s by 2039.
Takeaways from AP’s story on the role of the West in widespread fraud with South Korean adoptions
Western governments eagerly approved and even pushed for the adoption of South Korean children for decades, despite evidence that adoption agencies were aggressively competing for kids, pressuring mothers and bribing hospitals, an investigation led by The Associated Press has found.
Australian police arrest dozens after infiltrating encrypted messaging app Ghost
Australian police said on Wednesday they have infiltrated Ghost, an encrypted global communications app developed for criminals, leading to dozens of arrests.
Australian police infiltrate encrypted messaging app Ghost and arrest dozens
MELBOURNE, Australia (AP) — Australian police said Wednesday they have infiltrated Ghost, an encrypted global communications app developed for criminals, leading to dozens of arrests.
4 people could face the death penalty after drug arrests on Bali
DENPASAR, Indonesia (AP) — Indonesian authorities said Tuesday that they have arrested six people on drug charges on the tourist island of Bali since July.