The Russian invasion The sanctions
Several Swedish companies have applied to operate in Russia
The number of Swedish companies that sought exemptions from the sanctions against Russia has risen to 65, compared to 56 at the end of last year. This is reported by DN with reference to figures from the authority Kommerskollegium.
- Some companies have a small strength. They may be on the way to winding down, but have one person left trying to turn off the lights, says unit manager Michael Koch to the newspaper and continues:
- Others still have their full operations.
Boeing cuts
The union puts pressure on Boeing: "Could last a while"
Over 30,000 employees at Boeing in the United States have been on strike since Friday - and it "could last for a while," union representative Jon Holden told the radio channel NPR, according to Reuters.
- We have more leverage, more power and more opportunity than we've ever had, and our members expect us to use it.
The proposal for a 25 percent salary increase over four years was voted down by the members. Several believe that the scrapped bonus package cuts roughly half of the wage increase and that their wages have lagged behind for many years, reports Reuters.
Several Swedish companies have applied to operate in Russia
The number of Swedish companies that sought exemptions from the sanctions against Russia has risen to 65, compared to 56 at the end of last year. This is reported by DN with reference to figures from the authority Kommerskollegium.
- Some companies have a small strength. They may be on the way to winding down, but have one person left trying to turn off the lights, says unit manager Michael Koch to the newspaper and continues:
- Others still have their full operations.
Boeing cuts
The union puts pressure on Boeing: "Could last a while"
Over 30,000 employees at Boeing in the United States have been on strike since Friday - and it "could last for a while," union representative Jon Holden told the radio channel NPR, according to Reuters.
- We have more leverage, more power and more opportunity than we've ever had, and our members expect us to use it.
The proposal for a 25 percent salary increase over four years was voted down by the members. Several believe that the scrapped bonus package cuts roughly half of the wage increase and that their wages have lagged behind for many years, reports Reuters.
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Boeing cuts
The union puts pressure on Boeing: "Could last a while"
Over 30,000 employees at Boeing in the United States have been on strike since Friday - and it "could last for a while," union representative Jon Holden told the radio channel NPR, according to Reuters.
- We have more leverage, more power and more opportunity than we've ever had, and our members expect us to use it.
The proposal for a 25 percent salary increase over four years was voted down by the members. Several believe that the scrapped bonus package cuts roughly half of the wage increase and that their wages have lagged behind for many years, reports Reuters.
The union puts pressure on Boeing: "Could last a while"
Over 30,000 employees at Boeing in the United States have been on strike since Friday - and it "could last for a while," union representative Jon Holden told the radio channel NPR, according to Reuters.
- We have more leverage, more power and more opportunity than we've ever had, and our members expect us to use it.
The proposal for a 25 percent salary increase over four years was voted down by the members. Several believe that the scrapped bonus package cuts roughly half of the wage increase and that their wages have lagged behind for many years, reports Reuters.
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Electricity prices
Minus prices wear on Europe's electricity grid: "It's like harakiri"
Electricity prices on all European markets were negative for a total of 7,841 hours during the first eight months of the year, which is the highest level ever. This is reported by the Financial Times with reference to the analysis firm ICIS.
The explanation lies in the fact that solar and wind power capacity has been expanded at a much faster rate than the ability to handle temporary surpluses, such as through storage. Even if the volatility benefits some households – for example those who can take the opportunity to charge the electric car – the profitability of the energy transition is undermined.
- It's like harakiri. Everyone knows that if you produce too much oil, the price will crash and the producers will lose money. And there is no difference when it comes to renewable energy and electricity, says Bjarne Schieldrop, commodity analyst at SEB, to the FT.
Finland and Sweden were at the top during the period with by far the most minus hours. According to the newspaper, this is due to the large share of hydro and nuclear power in the countries – facilities that cannot be switched on and off in the blink of an eye. Gas-dependent Italy, by comparison, had no hours with a negative price.
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Great uncertainty among Swedish companies ahead of the US election
Swedish companies are waiting to invest in the US until after the election, says Sweden's Trade Secretary Vlad Månsson to DI. Among other things, the customs issue is big.
- Especially the smaller companies that do not manufacture locally have been hit hard. It has become much more complex with customs, says Månsson to the newspaper.
Another issue where the election is expected to have a big impact is green investments. If Kamala Harris wins, the country is expected to continue supporting the Inflation Reduction Act, while it is expected to be scrapped if Donald Trump takes power.
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