Economy

NATO's future
The CV 90 combat vehicle is a success: "A success story"

The Swedish defense company BAE Systems Hägglund's order book has swelled to 80 billion, CEO Tommy Gustafsson-Rask confirms to DI.

It currently has 600 orders for CV 90 combat vehicles, which account for more than two-thirds of the order book. Hägglund's will also deliver over 600 tracked vehicles.

At the beginning of the summer, the company announced that six NATO countries, including Sweden, will buy the CV90.

- The CV 90 is one of the really big success stories in Europe, says Defense Minister Pål Jonson (M) to the newspaper.

European security policy
Poland the biggest winner in the EU's new defense plan

Poland will be the biggest winner when the EU launches its new defense plan of 150 billion euros to strengthen the Union's military preparedness. This is stated by Commission President Ursula von der Leyen, according to Bloomberg.

The program, called Security Action for Europe (SAFE), aims to jointly procure drones, cyber defense and a European air defense system, among other things.

Poland is already the EU's largest defense spending country in relation to GDP, with almost 5 percent of the economy allocated to the military.

Tariff crisis  Trump's tariff policy
US continues to work on tariffs despite the setback in the court

The US continues to work on trade agreements with its partners despite the appeals court invalidating most of Trump's tariffs, says Trade Representative Jamieson Greer to Fox News.

- People continue to work on tariffs regardless of what interim decisions this court has made, he tells the channel.

Greer adds that the ruling threatens the entire economic system around tariffs that Donald Trump has built.

Experts believe that the Trump administration is working in other ways to get its tariffs through if the Supreme Court were to go the same way, writes Reuters.

Fed vs Inflation
Analysis: The stock market crash is deceiving – the Fed's independence is in danger

We may be close to a point where the market has had enough of Donald Trump's efforts to control the Federal Reserve. This is what the Financial Times' Katie Martin writes after the president's attempt to oust Fed Governor Lisa Cook.

She explains that the markets have not retreated by the fact that the US has the world's largest reserve currency: "No other country can get away with this in the same way". One scenario is that bond buyers wait for the US to sell long-term government bonds in September. If anywhere, the rebellion will begin among the bond guardians, writes Katie Martin.

The Wall Street Journal's Greg Ip warns investors not to be fooled by the market's calm. Regardless of whether Trump succeeds in firing Cook or not, the week will go down in history as "one of the most decisive for financial markets in decades", he writes.

According to Ip, the incident could mark the end of the Fed's independence from the White House. The markets are not pricing it in, but rather taking it for granted that the Fed will remain independent. "Investors are wise to assume that the Fed will start setting interest rates in accordance with Trump's wishes within the next nine months."

"In ten years, Norway will have a bigger problem with crime than Sweden"

The oil that made Norway rich is about to become a curse, says Norwegian economist and author Martin Bech Holte to DI.

- In ten years, Norway will have a bigger problem with crime than Sweden, he tells the newspaper.

The abundance has caused politicians to invest hundreds of billions in things that are not needed, while at the same time making the inhabitants passive and creating a youth without faith in the future. In Sweden, the economist constantly sees "new, exciting companies" while Norway has hardly any.

In addition, 55 percent of the wealthiest people have left the country, says Martin Bech Holte to DI.