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Saudi-Swedish Business Council launched in Stockholm

STOCKHOLM: Commerce Minister Dr. Majid bin Abdullah Al-Qasabi and Swedish Foreign Trade Minister Anna Hallberg inaugurated the Saudi-Swedish Business Council in Stockholm on Thursday. Council members and representatives from the business and investment sectors in the two countries took part in the event. Al-Qasabi, who is also the chairman of the board of the General Authority ....

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Ericsson warns again about losing market share in China

May 24, 2021 11:41am
Ericsson President and CEO Börje Ekholm has warned repeatedly that excluding Chinese vendors in Sweden is bad for competition. (Pixabay)
Ericsson is once again sounding the alarm bells over Sweden’s plans to exclude Chinese vendors from the 5G buildout, saying it may “adversely impact” the economic interests of Sweden and specifically, Ericsson.
Stockholm-based Ericsson previously issued warnings in its fourth-quarter 2020 and 2020 annual reports.
The company is in the process of issuing a EUR 500 million ($610 million) unsecured 8-year bond. In connection with that proposed issue, it’s updating the risk factors in its prospectus regarding geopolitical and trade uncertainty. ....

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Xinhua world news summary at 0530 GMT, Jan. 3

Xinhua world news summary at 0530 GMT, Jan. 3
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Ericsson CEO lobbying against Swedish government's ban on Huawei, ZTE: media

Biz / Tech
Xinhua
  11:42 UTC+8, 2021-01-03
  0
Borje Ekholm has been lobbying the Swedish government to repeal a ban that prohibits Huawei and ZTE from participating in the country s 5G construction.
Xinhua
  11:42 UTC+8, 2021-01-03
  0
Borje Ekholm, Chief Executive Officer (CEO) of Swedish telecom giant Ericsson, has been lobbying the Swedish government to repeal a ban that prohibits Huawei and ZTE from participating in the country s 5G construction, according to local newspaper Dagens Nyheter.
In a series of text messages to Swedish Foreign Trade Minister Anna Hallberg, the CEO has urged a review of the ban by the Swedish Post and Telecommunication Administration, which requires operator ....

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