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  • TOKYO, May 22- Sony Corp sees the smartphone business as indispensable to its brand portfolio, its CEO said, bucking calls from some investors that the Japanese electronics firm should scrap the money-losing business. The smartphone business reported an operating loss of 97.1 billion yen in the year ended March, lagging rivals such as Apple and Samsung...

  • LONDON/ PARIS, May 21- French utility Engie and Portugal's EDP said on Tuesday they will invest 15 billion euros with the aim of becoming the world's number two offshore wind developer after Denmark's Orsted. Orsted had cumulative installed offshore capacity of about 3 GW at the end of 2018, giving it a market share of about 16 percent, WindEurope data shows, with...

  • LONDON, May 21- Investors piled into the Netherlands' inaugural, triple-A rated sovereign green bond on Tuesday, placing 21.2 billion euros of orders for the environmentally friendly paper. Thirty-two investors had registered as green before the 20- year bond's auction, in which the Netherlands raised almost 6 billion euros. The Netherlands follows European...

  • PARIS, May 21- Finance Minister Bruno Le Maire said a decision by France regarding the 5 G telecoms network would be based on security and performance of networks, and added that Paris would not rule out a specific operator as not being welcome. Last week, French President Emmanuel Macron said it was not the aim of France to block Huawei, nor to launch any form of...

  • STOCKHOLM, May 16- Heavy reliance on debt financing and slow economic growth are leading to the creation of debt bubbles which risk destabilising the entire financial system should a major shock occur, bond bankers and investors warned at a conference on Thursday. They were in Stockholm for the annual meeting of the International Capital Markets Association,...

  • PARIS, May 16- Opioid use has reached crisis proportions not only in the United States but also in Canada and some European countries, as prescription opioid painkillers have become much more common, the OECD club of wealthy nations said on Thursday. The Paris- based policy forum said deaths linked to opioid use were also rising sharply in Sweden, Norway, Ireland,...

  • LONDON, May 16- British travel group Thomas Cook issued its third profit warning in less than a year on Thursday, sending shares tumbling to a 6-1/ 2 year low as it said discounting and higher fuel and hotel costs would hurt it during the peak summer season. Thomas Cook said it had received multiple bids for its airline unit, but this was overshadowed by what Chief...

  • Volvo Brand Strategy News Conference

    The company has lofty ambitions when it comes to electric mobility.

  • JONKOPING, Sweden, May 15- Resembling the helmet of a Star Wars stormtrooper, a driverless electric truck began daily freight deliveries on a public road in Sweden on Wednesday, in what developer Einride and logistics customer DB Schenker described as a world first. Robert Falck, the CEO of Swedish start-up Einride, said the company was in partnership talks with...

  • *Bosch fuel cell to need same amount of platinum as in diesel car. LONDON, May 13- Global automotive supplier Bosch expects platinum to play only a minor role in its new fuel cells, giving precious metal markets scant benefit even as the technology gains momentum for pollution-free transport. But hopes that fuel cells will boost long-term demand may be dampened...

  • STOCKHOLM, May 10- Swedish carmaker Volvo, which is owned by China's Geely, is cutting several hundred jobs, Swedish radio reported on Friday citing sources. The carmaker, whose number of employees has more than doubled over the past decade to about 43,000, confirmed it was reviewing staff and other costs to ensure its business had the "right skills" but declined to...

  • EU ANTITRUST REGULATORS SAY DEAL MAY SHUT OUT RIVALS FROM AUDIO-VISUAL SECTOR IN SWEDEN, FINLAND, LEAD TO HIGH PRICES.

  • BRUSSELS, May 9- Nordic telecoms operator Telia's close to $1 billion bid for Bonnier Broadcasting faces a full-scale EU antitrust investigation after failing to address competition concerns, two sources familiar with the matter said on Thursday. Owned by a prominent Swedish family, Bonnier's brands include Sweden's biggest commercial broadcaster, TV4,...

  • STOCKHOLM/ COPENHAGEN, May 9- Loomis AB said it would investigate allegations it played a role in a Danish money laundering scandal, the Swedish cash-handling company said on Thursday. At its annual general meeting a day earlier a journalist from Denmark's TV2 alleged that Loomis was implicated because it had cooperated with a foreign exchange bureau, company...

  • BRUSSELS, May 9- Nordic telecoms operator Telia's close to $1 billion bid for Bonnier Broadcasting faces a full-scale EU antitrust investigation after failing to address competition concerns, two people familiar with the matter said on Thursday. Owned by a prominent Swedish family, Bonnier's brands include Sweden's biggest commercial broadcaster, TV4, and...

  • BRUSSELS, May 9- EU antitrust regulators will open an in-depth investigation into Telia Company's close to $1 billion bid for Bonnier Broadcasting after it failed to address competition concerns, two people familiar with the matter said on Thursday. Leading Nordic telecoms operator Telia announced the 9.2- billion crown deal in July last year as it seeks to...

  • HELSINKI, May 8- Nordea's head of business risk management Julie Galbo is to leave at the end of May and will immediately step down from its management board, the Nordic region's largest bank said on Wednesday. A bank spokesman in Helsinki said Galbo's departure was not connected to the bank's handling of anti money-laundering measures, for which Galbo had...

  • HELSINKI, May 8- Nordea's head of business risk management Julie Galbo is to leave at the end of May and will immediately step down from its management board, the Nordic region's largest bank said on Wednesday. During her tenure, the bank said Galbo led the merging of Nordea's four banking units into one entity and played an "instrumental" role in its domicile move to...

  • LONDON, May 7- The Chinese offshore yuan remained hobbled near 2-1/ 2 month lows on Tuesday after U.S. Foreign exchange traders have not panicked about the prospect of a breakdown in negotiations between China and the United States to resolve their trade conflict, and the moves on Tuesday were small following a bout of nerves at the start of the week.

  • *To invest 400 mln euros in France over 3 years. *To launch odd-job site TaskRabbit in France over summer. To a soundtrack of Abba songs and with staff waving blue and yellow Swedish flags, IKEA opened the doors on Monday at its first store in central Paris, in the Madeleine district, which will be its 34th outlet overall in France.