Economy

Swedish Krona Development
The dollar fell below 9 kronor for the first time since 2022

The dollar fell below the 9 kronor level for the first time in four years on Thursday evening. At 23:00, USD/SEK was down and turned at 8.9991 according to Infront.

The fact that the dollar has not bounced back since Donald Trump's U-turn on Greenland may be a signal that investors are reviewing their US assets, says Mizuho strategist Evelyne Gomez-Liechti.

- It seems that we are entering a new geopolitical phase, and I feel that these recurring episodes are likely to solidify caution among some market participants, she tells Bloomberg. 

Chip battle
Sources: Alibaba may list chip division

Chinese conglomerate Alibaba plans to spin off and list its chip-making subsidiary T-Head, according to anonymous sources to Bloomberg.

The plans are part of Alibaba's overall AI strategy. Late last year, the IT giant - which also owns a streaming service and China's largest food delivery platform - rebuilt the AI ​​app Qwen into a more consumer-oriented service.
Llamas at the center of new drug research

Llamas are increasingly used in drug research because their unique antibodies, so-called nanobodies, can reach biological targets that regular antibodies cannot. Bloomberg reports.

- They work almost like Lego, where you can put them together in many different ways, says Mark Lappe, CEO of the American biotechnology company Inhibrx Biosciences.

The technology is attracting billions of dollars in investments from companies such as Sanofi, Astra Zeneca and Eli Lilly, with possible treatments for cancer, autoimmune diseases and pain.

The field is still young but is seen as a promising tool in the development of new drugs. 

Ericsson's notice
Ericsson CEO: We continue to reduce the workforce

Just a couple of weeks ago it was announced that 1,600 jobs would disappear from Ericsson in Sweden. Now CEO Börje Ekholm is signaling that this trend could continue globally, writes Reuters.

- We have reduced the workforce by, for example, 5,000 people in the past year, and we expect to continue reducing the workforce in the future, he says during the report presentation.

In the fourth quarter, the telecom giant beat profit estimates significantly and announced both a higher dividend and proposed a buyback program of 15 billion kronor. At the same time, the company had net cash of around 61 billion kronor at the end of the year.