Sweden

Volvo truck deliveries drop 12 per cent in October

Volvo truckStockholm - Swedish heavy-vehicle maker Volvo Tuesday reported a 12-per-cent drop in year-on-year deliveries of trucks in October.

Gothenburg-based Volvo said it delivered 22,136 trucks during the month.

Citing the prevailing financial uncertainty, the group said "customers continue to be very cautious and are in many cases waiting with their investment decisions."

Demand continued to be weak in Europe and North America, but also in other markets, Volvo said.

In Europe deliveries dropped 28 per cent in October while they fell 21 per cent in North America.

Swedes remove cross-dressing from medical

SwedenStockholm- Several forms of sexual behaviour including cross-dressing and transvestism are to be removed from a list of medical "diagnoses" in Sweden, the National Board of Health and Welfare said Monday.

The agency has in recent years been approached by various organizations including the Swedish Association for Sexuality Education (RFSU) that have been concerned over the classification system, which is used mainly to compile healthcare statistics.

Swedes remove cross-dressing from medical "diagnoses" list

RFSU LogoStockholm - Several forms of sexual behaviour including cross-dressing and transvestism are to be removed from a list of medical "diagnoses" in Sweden, the National Board of Health and Welfare said Monday.

The agency has in recent years been approached by various organizations including the Swedish Association for Sexuality Education (RFSU) that have been concerned over the classification system, which is used mainly to compile healthcare statistics.

"We know that the classification codes are often regarded as diseases, regardless of what they mean," agency director general Lars- Erik Holm said in a statement.

Swedish government revises economic outlook - recession looms

Stockholm - The Swedish government has revised its economic outlook and does not rule out recession in one scenario, Finance Minister Anders Borg said Monday.

The two main scenarios suggest that growth will either be flat next year or, in the worst case, shrink 1.2 per cent.

"The global financial crisis is the worst since the depression (in the 1930s) and the Swedish financial markets have their worst crisis since the 1990s," Borg told reporters.

According to one of the finance ministry scenarios, the crisis will worsen with falling prices and export demand. In combination with the credit crunch, the Swedish economy will grow just 0.1 per cent in 2009, and 2.0 per cent in 2010.

Sweden to boost its presence and aid to Afghanistan

Kabul, AfghanistanStockholm - The Swedish cabinet Thursday approved a plan to boost personnel and aid to Afghanistan, Foreign Minister Carl Bildt said.

Sweden is to raise its some 400-strong force in northern Afghanistan to around 500 next year.

Along with forces from neighbouring Finland, the Swedish forces are based in Mazar-e-Sharif in northern Afghanistan as part of the NATO-led International Security Assistance Force (ISAF).

Vouchers for events, experiences to dominate Swedish Christmas

Stockholm - Come Christmas Day, Swedes are more likely to receive a gift certificate for some kind of event or service than a book, electronic device or physical gift, reported a Swedish institute Thursday.

It was the first time the Swedish Research Institute of Trade listed a voucher for a service as the likely top-selling Christmas gift, said the group, which tracks retail and wholesale sales in Sweden.

"Giving an experience is a way to be together with someone," the institute said, noting that giving an experiences "truly reflects the times we live in, when consumers to a greater extent seek products that help them enrich their leisure time."

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