The 400-year-old stock exchange building in Copenhagen was ravaged by fire on Tuesday. The fire that started this morning was still not under control at lunchtime. In the afternoon, the after-extinguishing could begin after the firefighters, among other things, fetched water from the port of Copenhagen. The classic spire that adorned the historic building has … Read more
The online bank Avanza has appointed Gustaf Unger to new CEO, according to a press release. He has previously held senior positions at Nordea and SEB and has also been one of the co-founders of a fintech platform focused on the commercial debt market. Until now, he has also been a board member of Avanza … Read more
Once upon a time, they were as hot as any startup could be. Their watches have been worn by superstars such as Elton John, Beyonce, Lady Gaga and Princess Madeleine. Just to name a few. Triwa was big several years before Daniel Wellington had taken over the watch world and was already founded in 2007 … Read more
Savelend’s founder and former CEO Ludwig Pettersson has passed away. The company says so in a press release. “It is with immense sadness and consternation that we have received the news of Ludwig’s passing. Our thoughts go out to Ludwig’s family and close relatives,” says Bo Engström, chairman of the board of Savelend Group. “You … Read more
Klarna co-founder Victor Jacobsson – worth around 30 billion – is in a dispute with former neighbors on Södermalm. In one case, the fight is about SEK 200,000, reports say The Express. The background to the conflict is the renovation work worth between SEK 15 and 20 million that Victor Jacobsson and his wife did … Read more
In recent months, the electric vehicle manufacturer Cake has struggled to bring in new millions in what founder and CEO Stefan Ytterborn called a “bridging round”, an intended financing that would be enough for a larger issue later in the year. But it won’t be like that. Now the automotive company’s board is submitting a … Read more
In connection with the clothing giant H&M submitting its quarterly report on Thursday morning, they come with an unexpected announcement. Helena Helmersson leaves as president and CEO and Daniel Ervér leaves. “We on the board would like to extend a big thank you to Helena for her valuable efforts during a very intense time,” says … Read more
The electric car manufacturer Polestar is notifying 250 employees in Gothenburg, reports GP. Staff were informed at 2pm on Friday afternoon. In total, the workforce at the company is to be reduced by 15 percent at group level, says a spokesperson for the company to the newspaper. The background is that the company’s ambition is … Read more
As artificial intelligence has become smarter and more creative, more and more professions are threatened by the new technology – such as advertisers and designers. SVT News has met Jessica Lynn Nalbach who was one of 25 graphic designers and world builders who were let go from the game company Mindark earlier this year. At … Read more
The European Central Bank (ECB) calls for banks with complex counterparty credit risk exposures to “specify your willingness to accept this risk in your risk appetite statementinstead of implicitly capturing it in credit risk. The ECB published this Friday its final report on “Sound practices in governance and counterparty credit risk management.” The report now … Read more