Economy

Russian invasion  Negotiations
Document: Kremlin outlines cooperation with the US

Russia is opening up for extensive economic cooperation with the US and the Trump administration after a possible peace settlement over Ukraine. This is apparent from an internal document seen by Bloomberg, which lists seven economic areas where Russian and American interests are considered to overlap.

Among other things, the Kremlin envisions that the countries can cooperate on energy issues and promote fossil fuels over greener alternatives. According to the document, Russia is also open to a return to the dollar-based settlement system.
 

The future of the EU
Wallenberg concerned about sluggish EU: “Must wake up a little”

Europe has been sidelined by both the US and China and is not taking the threat of reduced competitiveness seriously. This is what Investor chairman Jacob Wallenberg tells DI.

He urges European citizens to “wake up a little”. Wallenberg points to the European automotive sector, which has fallen behind the other superpowers, as a wake-up call. While it takes China two years to develop a new vehicle model, the process takes more than twice as long in Europe.

– The Chinese are more skilled engineers and designers than we are. They have caught up with us, he says.

US attack on Venezuela  Oil market
Trump's minister in Venezuela: Wants a "dramatic increase"

The US will work for a "dramatic increase" in Venezuela's oil production. This was stated by Energy Minister Chris Wright after a meeting with the country's interim president Delcy Rodríguez on Thursday, according to AFP.

Wright arrived in Venezuela on Wednesday and, in addition to Rodríguez, will meet a number of oil industry executives.

President Donald Trump wants to help American oil companies establish themselves in Venezuela and for them to build up the oil industry. Venezuela passed a law in January to allow private investment in the sector, after which the US eased sanctions on the country.

Happiness researcher: "The more money, the weaker the connection"

Is there a connection between money and happiness? Well, according to happiness professor Micael Dahlén at the Stockholm School of Economics.

“Money is associated with more happiness, but the more money we have, the weaker the connection becomes,” he tells Dagens PS.

Money is important for security and freedom, but after a certain level, the effect on happiness levels out. According to Dahlén, that level is 50,000–55,000 kronor before tax.
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