Economy

The landmark BT Tower is for sale - to be converted into a hotel  

 

The telecommunications company BT is selling the landmark BT Tower in London to the hotel chain MCR Hotels for the equivalent of just over SEK 3 billion. After BT winds down the existing business in the building, MCR Hotels plans to redevelop the tower into a hotel.  

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The US-China relationship  

The US must build its own cranes – and replace Chinese ones  

 

The Biden administration wants to replace cargo cranes in US ports that are made in China with domestic ones, fearing they could pose a security threat. The Wall Street Journal reports. 

  

A total of 20 billion dollars will be invested in strengthening security in and around the country's ports over the next five years.  

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The problems with the Boeing plan  

The head of the Boeing 737 Max is leaving the company  

 

The head of Boeing's 737 Max program, Ed Clark, is leaving the company after the accident on an Alaska Airlines flight in January. This is reported by CNBC.  

 

"Ed leaves with my and our deepest gratitude for his many significant contributions over nearly 18 years of service at Boeing," CEO Stan Deal wrote in a letter to staff on Wednesday.  

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The money laundering mess at Swedbank  

Lawyer: Swedbank may receive 10–30 billion in fines  

 

The money laundering mess in Swedbank is still being investigated by three American authorities – an investigation that has been going on for five years and should soon be presented, writes SvD.  

 

The question is how big the fine will be if the bank is closed, says lawyer Peter Utterström, who has worked with American companies for many years.  

 

- Whether it leads to 10, 20 or 30 billion in fines is impossible to say, he tells SvD, and adds that a harder blow would be if the bank is prohibited from trading in dollars.