Economy

Sources: India wants new oil deal with Russia

India has informally requested that its state-owned refiners be allowed to enter into a long-term deal with Russia for oil, according to people with knowledge of the situation Bloomberg spoke to.

According to the news agency, India wants a third of the oil to come from Russia at a predetermined price to avoid volatility in the oil market.

The last agreement that the country had with Russia expired in March, and nothing new has been written as they do not agree on volumes and pricing, writes Bloomberg.

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Opposition to the euro is growing

Almost a quarter of Swedes want to exchange the krona for the euro. This shows a survey that TV4 has produced together with Verian, formerly Sifo. Despite the weak krona, resistance to the euro has grown since the last measurement last autumn.

According to the survey, 53 percent of Swedes are now against a currency exchange and 24 percent are in favor – last fall, 47 percent were against and 27 percent in favor.

The survey was conducted online during week 20 and includes responses from 1,050 people across the country.

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South America follows the US: Tariffs on Chinese imports

Several countries in Latin America are following in the US's footsteps and imposing tariffs on imported goods from China. Just in recent weeks, Mexico, Chile and Brazil have sharply raised tariffs on steel, writes Bloomberg.

It is a break from the development in recent years when China made large investments in the region and trade relations warmed up. The steel industry in Latin America accounts for 1.4 million jobs that could be threatened when cheaper goods flow in. It has led to a protectionist turn, writes the news agency further.

- This will be an important test of China's interests and intentions, says Margaret Myers, head of Asia and Latin American studies at the Inter-American Dialogue, to Bloomberg.

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Heavy fire at Novo Nordisk's headquarters

For the second time in a week, there is a fire in one of Novo Nordisk's Danish properties, several media reports.

According to Ekstrabladet, it is a "violent fire" in the Copenhagen suburb of Bagsværd, where the pharmaceutical giant has its headquarters and several other buildings.

The fire is said to have started in a container and then spread to a nearby office building.

At 2 p.m., the emergency services announced that the fire is under control, but the building is expected to burn to the ground.

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SSAB's green steel is used in port expansion

SSAB's climate-friendly steel Zero is now used for the first time to build piles, in connection with the expansion of Skellefteå's port. This is stated in a press release.

Zero is made from recycled steel and is said to reduce carbon dioxide emissions by roughly 80 percent.

- We are happy that our emission-free steel can contribute to reducing the climate impact in the expansion of the Port of Skellefteå, says Thomas Hörnfeldt, head of sustainable business at SSAB.