Sweden

Brazil to consider Swedish JAS Gripen jet fighters

Stockholm - Swedish-made jet fighter JAS Gripen has been listed as a candidate by the Brazilian Air Force in plans to modernize its fleet, the company said Thursday.

Gripen International, owned by the Saab defence group of Sweden, said the next generation JAS Gripen fighter was suitable for Brazil's needs, and the country could count on "full support regarding spare parts, logistics and training."

Defence group Saab said it was prepared to "share know-how" and transfer technology to Brazil as part of a possible package.

Brazil plans to buy 36 jet fighters. JAS Gripen rivals include the French-made Dassault Rafale and the F-18 Super Hornet made by US manufacturer Boeing.

Church brochure raises eyebrows

Church brochure raises eyebrowsStockholm - A church brochure illustrated with what appeared to be a cannabis leaf has raised eyebrows in the northern Swedish city of Umea, reports said Wednesday.

The brochure also contained a headline saying the activities were for people who were "curious" and wanting "to try it out," the Vasterbottens-Kuriren newspaper reported.

The Hedlunda Church distributed the brochure in its neighbourhood areas in western Umea in August inviting people to attend activities ranging from children's choir practice to the scouts.

"Alternative Nobel Prize" to peace work and social justice

Nobel PrizeStockholm  - A jury Wednesday named winners from Germany, India, Somalia and the United States as recipients of the 2008 Right Livelihood Awards, often called the Alternative Nobel Prize.

Two of the award winners were from the North and have worked to create ties with the so-called developing world, Ole von Uexkull of the Right Livelihood Foundation said.

Four of the five prize winners were women, he noted.

Heavy-vehicle maker Volvo Trucks to cut some 1,400 jobs

Heavy-vehicle maker Volvo TrucksStockholm - Swedish heavy-vehicle maker Volvo Trucks said Tuesday it planned to cut some 1,400 jobs in its workforce, citing the need to reduce production capacity over "declining demand for trucks in the European market."

The measures planned for the coming months included cancelling evening shifts and were to affect plants in the Swedish towns of Gothenburg and Umea, and in Ghent in Belgium, Volvo Trucks chief executive Staffan Jufors said in a statement.

Clothing retailer H&M reports 3Q pre-tax profits up 4 per cent

Stockholm - Swedish clothing retailer Hennes & Mauritz (H&M) said Tuesday its pre-tax profits for the third quarter 2008 were up 4 per cent, noting that production and transport costs had increased.

H&M pre-tax profits for the third quarter stood at 4.58 billion kronor (678 million dollars), compared to 4.4 billion kronor for the corresponding business period 2007.

The group posted sales of 20.87 billion kronor, excluding value added tax (VAT), for the third quarter, up 12 per cent on the corresponding business period 2007. Third quarter sales had however, been "affected by a weaker retail business in most markets."

Telia Sonera buys into mobile phone groups in Nepal and Cambodia

Stockholm - Nordic telecommunications group Telia Sonera on Friday said it had bought "controlling interests" in two mobile operators in Nepal and Cambodia, respectively.

The move, worth 3.2 billion kronor (484 million dollars), was part of Telia Sonera's "strategy to expand into new high-growth emerging markets," chief executive Lars Nyberg said in a statement.

By gaining a majority in the holding company Telia Sonera Asia Holding, Telia Sonera will control Spice Nepal, the second largest mobile operator in Nepal, and 100 per cent of the shares and votes in Cambodian start-up mobile operator Applifone.

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