Page 5 - Sweden

India ranked 67th globally on Energy Transition Index, Sweden on top: WEF

The World Economic Forum on Wednesday ranked India at the 67th place globally on its Energy Transition Index and said it is the only major economy with energy transition momentum accelerating across all dimensions. Sweden topped the list and was followed by Denmark, Norway, Finland and Switzerland in the top five on the list of 120 countries. Releasing the report published in collaboration with Accenture, the WEF said the global energy transition has plateaued amid the global energy crisis and geopolitical volatilities, but India is among the countries that have made significant improvements. "India is the only major economy with energy transition momentum accelerating across the Energy Transition Index's equitable, secure and sustainable dimensions," the WEF said. "For example, despite continued economic growth, India has successfully reduced the energy intensity of its economy and the carbon intensity of its energy mix, while achieving universal energy access and effectively ...

NATO chief makes last-ditch bid to bring Sweden into fold before summit

NATO Secretary-General Jens Stoltenberg said Monday that he will call an urgent meeting in the coming days to try to overcome Turkish objections to Sweden joining the military organisation. It's a last-ditch effort to have the Nordic country standing alongside the allies at a major summit next month. NATO requires the unanimous approval of all members to expand. Turkiye accuses Sweden of being too lenient toward groups that Ankara says pose a security threat, including militant Kurdish groups and people associated with a 2016 coup attempt. Stoltenberg said he has held fresh talks on Sweden's candidacy with Turkish President Recep Tayyip Erdogan as well as senior officials from Sweden and neighbouring Finland, which became the 31st member of the world's biggest security organization in April. We agreed to convene a high-level meeting in Brussels before the summit in the Lithuanian capital of Vilnius beginning July 11, Stoltenberg told reporters. The aim is to make progress in ...

Inflation tops expectations in Sweden. Experts say Beyonce is to blame

Data from the Swedish govt showed that the high inflation in May was primarily driven by a rise in hotel and restaurant prices in the country; experts say it was due to Beyonce's Renaissance tour

Turkey, Sweden agree to hold more talks on NATO bid ahead of summit

Sweden and Finland applied to join NATO last year but faced objections from Turkey on the grounds that the two countries harbour members of the outlawed Kurdistan Workers' Party and the Gulen movement

Spotify fined $5.4 mn for data protection regulation violations in Sweden

Music streaming platform Spotify has been fined about $5.4 million in Sweden for breaching the data access rights of users in the European Union (EU)

As interest rates climb, Sweden's central bank fears financial stability

Due to high inflation and increasing interest rates, Sweden's financial stability is strained and the risks are increasing, the country's central bank (Riksbank) said in a report

NATO presses Turkey to drop objections to Sweden's membership as meet nears

NATO on Thursday ramped up pressure on its member Turkiye to drop its objections to Sweden's membership as the military organisation seeks to deal with the issue by the time US President Joe Biden and his counterparts meet next month. Fearing that they might be targeted after Russia invaded Ukraine last year, Sweden and Finland abandoned their traditional positions of military nonalignment to seek protection under NATO's security umbrella. Finland became NATO's 31st member country in April. NATO must agree unanimously for countries to join. Turkiye's government accuses Sweden of being too lenient on terrorist organisations and security threats, including militant Kurdish groups and people associated with a 2016 coup attempt. Hungary has also delayed its approval, but the reasons why have not been made publicly clear. It's time for Sweden to join now, Norwegian Foreign Minister Anniken Huitfeldt told reporters in Oslo, where she was hosting a meeting with her counterparts to prepar

Belgium PM meets Indian ministers, discusses renewable energy, tech

Prime Minister of Belgium, Alexander De Croo on Tuesday (local time) met External Affairs Minister S Jaishankar, Minister of Commerce & Industry, Piyush Goyal and Union Minister of State for Entrepreneurship, Skill Development, Electronics & Technology, Rajeev Chandrasekhar and discussed strengthening ties in renewable energy and technology."Had a productive meeting with @DrSJaishankar, @PiyushGoyal and @Rajeev_GoI, discussing ways to enhance the partnership between Belgium, the EU, and India. Focused on strengthening ties in key areas like renewable energy and technology, aiming for shared progress and prosperity," tweeted Croo.Sweden is an important trade, technology and investment partner of India in the European Union. It is also a key member of the Nordic grouping that India has been engaging in a structured format since 2018.Speaking on LeadIT initiative - The Leadership Group for Industry Transition (LeadIT) aims to enable the transition of heavy industry to net ...

Jaishankar attends India Trilateral Forum as part of Sweden visit

External Affairs Minister S Jaishankar conducted a series of high-level discussions including at the India Trilateral Forum on Monday as part of his first visit to Sweden, which currently holds the Presidency of the Council of the European Union. Along with his Swedish counterpart Tobias Billstrom, Jaishankar covered a wide range of issues during the inaugural session of the Trilateral Forum which includes India, Europe and the US. "Jointly participated in the India Trilateral Forum with FM @TobiasBillstrom in Stockholm this morning," tweeted Jaishankar. "An energetic conversation on a wide-range of contemporary issues," he said. Earlier during a meeting with Swedish Prime Minister Ulf Kristersson, the minister said that he conveyed the personal greetings of Prime Minister Narendra Modi. "Value his commitment towards strengthening the India-Sweden relationship, he said. He also tweeted after a "good discussion" with Henrik Landerholm, the National Security Advisor of Sweden, duri

EAM Jaishankar holds wide ranging discussions with Swedish counterpart

External Affairs Minister S Jaishankar on Sunday held wide ranging discussions with his Swedish counterpart Tobias Billstrom here and exchanged views on Indo-Pacific, European strategic situation and de-risking the global economy. Jaishankar is on a three-day visit to Sweden to participate in the EU Indo-Pacific Ministerial Forum (EIPMF). "Wide ranging discussions with FM @TobiasBillstrom as India and Sweden mark 75 years of diplomatic ties. Committed to taking bilateral cooperation to a higher level. Exchanged views on Indo-Pacific, European strategic situation and de-risking the global economy, he tweeted. Jaishankar's visit to Sweden is his first as the external affairs minister. The trip comes at a time when India and Sweden are celebrating 75 years of establishment of diplomatic relations. Sweden currently holds the Presidency of the Council of the European Union. Jaishankar also met Sweden's Defence Minister Pal Jonson and the two leaders had "useful exchange of views on ...

Jaishankar discusses Indo-Pacific, Ukraine with 8 counterparts in Sweden

External Affairs Minister S Jaishankar has discussed a range of issues, including the Indo-Pacific and the Ukraine war, during his meetings here with his counterparts from France, Austria, Belgium, Bulgaria, Cyprus, Latvia, Lithuania and Romania. Jaishankar is on a three-day visit to Sweden to participate in the EU Indo-Pacific Ministerial Forum (EIPMF). He met his counterparts on the sidelines of the EIPMF on Saturday. Glad to meet French Foreign Minister Catherine Colonna. Share her enthusiasm for making PM Narendra Modi's visit to the Bastille Day a success. Exchanged views on the Indo-Pacific and G20, he tweeted. Prime Minister Modi will attend this year's Bastille Day Parade as the guest of honour on July 14. Modi was invited by French President Emmanuel Macron to attend the Parade in Paris. A contingent of the Indian armed forces will also participate in the parade along with their French counterparts, according to the Ministry of External Affairs. Jaishankar also met Austri

EAM Jaishankar arrives in Sweden for EU Indo-Pacific Ministerial Forum

S Jaishankar arrived in Stockholm on Saturday on his first visit as the External Affairs Minister to Sweden to participate in the second EU Indo-Pacific Ministerial Forum (EIPMF). During his three-day visit to Stockholm, the minister will address the EIPMF and also hold bilateral meetings on the sidelines of the summit. He is also scheduled to attend the inaugural session of the India Trilateral Forum involving India, Europe and the US with his Swedish counterpart Tobias Billstrom. "From Dhaka to Stockholm, but still discussing the Indo-Pacific. Arrived in Sweden for the EU Indo-Pacific Ministerial," Jaishankar tweeted. "Nice to see FM of Singapore @VivianBala at the EU-Indo-Pacific Ministeria," he said. This will be his first visit as EAM and comes at a time when India and Sweden are celebrating 75 years of establishment of diplomatic relations, the Ministry of External Affairs (MEA) has said. Sweden currently holds the Presidency of the Council of the European Union and the min

European Union envoys seal deal on joint ammunition buying for Ukraine

Sweden, current holder of the EU's rotating presidency, said the decision "to support the Ukrainian Armed Forces through $1.10 billion for joint procurement of ammunition and missiles"

Finland's Nato moment

A snub for Putin, a risk for Europe

Havells India partners with Swedish tech startup Blixt Tech AB

Leading electrical goods and appliances maker Havells India on Tuesday said it has entered into a commercial agreement with Swedish tech startup Blixt Tech AB to introduce Solid State Circuit Breaker (SSCB) technology in the domestic market. By introducing SSCB, Havells is strengthening its position in the switchgear segment. It also highlights Havells' focus on innovative and future-ready solutions, said a joint statement. "With this association, Havells is positioned to make a significant impact in the Indian electrical industry," it said. India's demand for high-power applications is expected to grow faster in the coming decades, and the power system is projected to become technologically superior, smart, and conducive to IT-enabled data sharing and management technology, said Havells. SSCBs have the ability to interrupt current flow much faster than traditional mechanical circuit breakers and there is no wear and tear due to digital switching with practically no arc unlike ...

Finland's membership will make alliance stronger: NATO General Secretary

In a video shared by the official Twitter account of NATO Spokesperson, Oana Lungescu, the NATO General Secretary, Jens Stoltenberg, is heard welcoming and congratulating Finland

As Finland plans to join Nato, a look at how countries join the alliance

Nato's membership has increased from 12 to 30 countries through eight rounds of enlargement. The Republic of North Macedonia became the latest country to join Nato on March 27, 2020

US urges Turkey to 'quickly' ratify Sweden's NATO membership after Finland

After Turkey approved the process of ratifying Finland's accession to the North Atlantic Treaty Organisation, the US welcomed the decision of President Recep Tayyip Erdogan

Sweden, Finland discuss NATO accession with Turkey, says military bloc

Representatives of Sweden, Finland and Turkey held talks in Brussels to discuss progress on fulfilling Turkey's conditions for agreeing to the Nordic countries' accession to NATO

The cashless economy: Sweden's switch to digital tells a cautionary tale

Sweden's an extreme case: It's a small, tech-savvy economy. But the direction of travel is the same everywhere, accelerated by a pandemic that saw QR codes replace restaurant menus