Edition:
United States

Mia Shanley

Scandinavia raises pressure on Europe to tackle funds' alleged "index hugging"

Jan 12 2017

LONDON/STOCKHOLM/OSLO Scandinavia is raising the pressure on financial regulators across Europe to get tough on allegations of "index hugging" - where active investment funds may be misleading clients by covertly tracking a stock index.

Norway's Schibsted to hire more staff to stave off Facebook in classified ads

Dec 06 2016

OSLO Norwegian media group Schibsted plans to add 200 people to its 1,800-strong technology team in the next year to further develop its online classified ads business and fend off competition from Facebook, its chief executive says.

Exclusive: Europe's biggest tech hope Spotify starts talking about profit

Dec 01 2016

HELSINKI Music streaming service Spotify, one of Europe's most valuable tech start-ups, could start to become profitable as early as next year, said a board member who was also one of the company's first investors.

Europe on track for record tech investments this year: Atomico

Nov 30 2016

HELSINKI/FRANKFURT Europe's tech sector is on track for a record level of investments this year but poor access to late-stage capital is keeping it from creating independent tech "gorillas", one of the region's most active investors said.

Hexagon CEO says conscience clear over Norwegian insider trading probe

Nov 07 2016

STOCKHOLM Ola Rollen, chief executive of Swedish technology firm Hexagon , denied wrongdoing on Monday and said his conscience was clear after spending more than a week in custody over Norwegian insider trading allegations.

Sweden's clean corporate image dealt blow with insider trading case

Nov 04 2016

STOCKHOLM The arrest of Hexagon chief executive Ola Rollen, one of Sweden's most successful CEOs, on suspicion of insider trading could not only threaten the company's standing but also the business reputation of the country.

Ericsson crisis deepens as profits plunge 94 percent

Oct 12 2016

STOCKHOLM The crisis at Ericsson deepened on Wednesday when the world's biggest maker of mobile network equipment reported a 94 percent plunge in quarterly operating profit and tumbling sales.

Europe's mobile payment players braced for battle as U.S. rivals move in

Sep 06 2016

STOCKHOLM European mobile payment providers iZettle and SumUp are among a handful of start-ups that have encouraged European small businesses to kick their cash-only habits.

Melker Schorling, Sweden's quiet tycoon with the Midas touch

Jul 24 2016

STOCKHOLM Business tycoon Melker Schorling, one of Sweden's most prominent investors, says he is well-positioned to expand his 60 billion crown ($7 billion) investment empire even as he prepares to hand over affairs to his daughters.

Dorsey's Square starts up UK operation for first European foray

Jul 19 2016

STOCKHOLM/SAN FRANCISCO Square Inc, the mobile payments company run by Twitter Inc CEO Jack Dorsey, has incorporated a business called Squareup Europe Ltd in Britain, registration documents show, lining itself up for what could be its first foray into Europe.

World News

At embattled Hong Kong university, a dramatic escape

Dozens of Hong Kong protesters staged a dramatic escape from a university campus sealed off by police on Monday by shimmying down plastic hosing from a bridge and fleeing on waiting motorbikes as the police fired projectiles.