Sweden

Sweden to freeze military cooperation with Russia

Prime Minister Fredrik ReinfeldtStockholm  - Sweden on Monday said it will freeze its military cooperation with Russia in protest of the conflict in Georgia.

"During the current crisis the government says it until further notice will not conduct military manoeuvres with Russia or visit Russian military units," Prime Minister Fredrik Reinfeldt said after a meeting with the Advisory Council on Foreign Affairs.

Reinfeldt said a Swedish navy unit would next month cancel a planned visit to Russia.

Rwanda asks Sweden to extradite genocide suspect

Rwanda asks Sweden to extradite genocide suspect Stockholm - Rwanda has formally requested the extradition of a Rwandan national from Sweden a month after he was detained on suspicion of crimes against humanity in Rwanda, a Swedish Justice Ministry official said Monday.

Sylvere Ahorugeze is suspected of committing crimes against humanity during the 1994 genocide in Rwanda and was allegedly involved in killing some 25 people from the same family.

Sanitation and waste water use on World Water Week agenda

World-Water-WeekStockholm - Lack of access to sanitation remains a major impediment to global development while claiming hundreds of lives daily, experts agreed Monday as the annual World Water Week opened Monday.

Dutch Crown Prince Willem-Alexander one of the dignataries at the meeting, that said despite progress to build latrines and improve sanitation around the world "there is still a long way to go" and underlined the need to break taboos about sanitation.

Asia and Latin America had experienced "remarkable progress" in terms of better sanitation, he said in his opening remarks.

SAS airline operator in the red over record high fuel prices

Stockholm - The SAS Group, the operator of the joint carrier Scandinavian Airlines, reported a second-quarter pre-tax loss over record high fuel costs and overcapacity, the group said Thursday as it announced new belt-tightening measures.

The SAS Group posted a second-quarter pre-tax loss of 106 million kronor (16.8 million dollars) compared to a pre-tax profit of 762 million kronor in the corresponding business period of 2007.

Second-quarter sales were 17.7 billion kronor, up 8.7 per cent on the corresponding business period 2007.

Swedish foreign minister says situation in Georgia "serious"

Swedish Foreign Minister Carl BildtStockholm  - Swedish Foreign Minister Carl Bildt on Tuesday said the situation in Georgia was "serious," the day after he arrived in the country.

Russia has with "ground forces and quite extensive airstrikes completely destroyed what there was of Georgian defences, radar stations, communications, army bases," Bildt told Swedish radio news in Tbilisi.

The attacks had also caused "major damage" to the Georgian economy, he added.

Ericsson down to third on Stockholm Stock Exchange's top 10

Ericsson down to third on Stockholm Stock Exchange's top 10 Stockholm - Swedish telecommunications equipment maker Ericsson has dropped to third place on the Stockholm Stock Exchange in the wake of recent financial turbulence, a report said Monday.

Ericsson had on August 7 lost almost half its value in terms of market capitalization compared to the corresponding day in 2007, the Svenska Dagbladet said.

The group's market capitalization was valued at 212 billion kronor (33.8 billion dollars), compared to 408 billion kronor on August 7, 2007.

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