Economy

Gasläckan i Finska viken

Europas gaspriser rusar efter gasläckan

Illustration image. Jussi Nukari / AP  

 

The gas leak in the Gulf of Finland  

Europe's gas prices are soaring after the gas leak  

 

European gas prices are rushing to the highest level since June after a mysterious gas leak in the Gulf of Finland, writes Dagens Næringsliv.  

 

The leak on the gas pipeline between Finland and Estonia was not caused by an accident, the Finnish government tells Ekot. According to Iltalehti, there are suspicions of Russian involvement. 

 

Spot prices in the Netherlands are up around 14 percent and are around 48.85 euros per megawatt hour on Tuesday afternoon. 

 

H&M store in Israel. Shutterstock  

 

Israel-PalestineReactions to the attack 

H&M stores in Israel close after Hamas attack  

 

H&M and Zara owner Inditex are closing their stores in Israel because of the conflict that flared up after the Hamas attack, Bloomberg reports.  

 

The Swedish fashion giant's 24 stores in the country are closed until further notice, a spokesperson writes to the news agency. 

 

At the same time, Ikea states that its franchise partner in Israel is closing customer operations.  

 

Shutterstock  

 

The development of AI  

Hyped AI companies are predicted to get a cold shower next year  

 

The hyped generative AI technology will get a cold shower in the next year, according to the analysis firm CCS Insight. This is reported by CNBC.  

 

The companies in generative AI, especially the smaller ones, will be hit hard as public interest cools, the costs of the technology increase and the demand for regulations increases.  

 

At the same time, CCS believes that the EU's regulations will be delayed as AI technology rapidly develops.  

 

 

Alexandra Stråberg Malin Hoelstad/SvD/TT / SVENSKA DAGBLADET 

 

Israel-PalestineSwedish inflation  

Swedish inflation may be affected if the conflict worsens  

 

Although conflicts in the Middle East do not usually shake the world economy, it is difficult for economists to rule out spillover effects, TT writes. 

 

If the price of oil continues to rise, it affects inflation, which in turn could spill over into interest rate developments. 

 

- It is too early to say whether the conflict results in permanently higher oil prices, or whether it is temporary, says Länsförsäkringar's chief economist Alexandra Stråberg. 

 

Furthermore, she states that all messiness creates uncertainty.

​