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.

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

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.

Samuel Ersson has been named to Team Sweden's roster for the 4 Nations Face-Off. The Philadelphia Flyers goalie will replace Jacob Markstrom of the New Jersey Devils, who is expected to be out 4-6 weeks because of a sprained MCL in his knee sustained Jan. 22.

Philadelphia Flyers goaltender Samuel Ersson has been added to Sweden's roster for the upcoming 4 Nations Face-off as an injury replacement for New Jersey's Jacob Markstrom.

Swedish authorities boarded a vessel suspected of being involved in an earlier underwater sabotage of cables in the Baltic Sea on Monday.

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.