While that success has been welcomed, it has put a strain on the prison system. In 2023, the latest year for which records are available, Swedish courts handed down prison sentences totalling just under 200,000 months, a 25% increase from the previous year and a doubling compared with 2014.

STOCKHOLM–Sweden’s central bank lowered its key interest rate on Wednesday, with policymakers signaling they might be finished with their monetary policy easing. The Riksbank cut its key interest rate by a quarter of a percentage point to 2.

The Swedish government said Wednesday that it was examining the possibility of sending some inmates to serve their sentences in prisons abroad, anticipating heavy pressure on its own prisons in the coming years.

Swedish telecoms group Tele2 plans to cut more than 600 jobs in 2025 as it seeks to reduce costs and boost profitability, the company said as it reported a rise in fourth-quarter earnings on Wednesday.

Sweden's LKAB could supply around 18% of Europe's rare earth metal demand in the long term if its north Arctic Per Geijer mine enters production, the company said on Tuesday as it began construction of a related processing facility.

The Nordic country has opened an investigation into the damage, just weeks after NATO stepped up its military presence in the area following a series of similar incidents.

Sweden is investigating damage to a data cable linked to Latvia, the latest breach in the Baltic Sea region where European authorities are on high alert.

Sweden has opened a preliminary investigation into suspected aggravated “sabotage” and ordered the detention of a vessel in the Baltic Sea suspected of damaging an underwater fiber optic cable connecting Latvia and the Swedish island of Gotland earlier that day.

Swedish authorities have seized a ship over the “aggravated sabotage” of an undersea fibre-optic cable linking Latvia with a strategically important island in Sweden.

Stockholm Wood City is swapping polluting steel and concrete for a more climate-friendly construction material: timber.

STOCKHOLM–Sweden’s central bank lowered its key interest rate on Wednesday, with policymakers signaling they might now be finished with their monetary policy easing. The Riksbank cut its key interest rate by a quarter of a percentage point to 2.