Germany and Nordics top global list for parental leave

(Reuters Life!) – Germany and the Nordic countries have topped a list of 21 high-income nations when it comes to generosity of paid parental leave, with Australia and the United States tying in last place.

Researchers associated with the U.S.-based Center for Economic and Policy Research examined the parental leave policies of 21 countries with their study published in the peer-reviewed social science Journal of European Social Policy.

They found Sweden ranked highest for gender equality in parental leave practices, while Germany and Sweden were the most generous with paid parental leave, both offering 47 weeks.

They were followed by Norway offering 44 paid weeks, Greece with 34 weeks, Finland with 32 weeks and Canada with 29 weeks.

Neither the United States nor Australia guarantee any paid parental leave and were tied for the lowest ranking in terms of overall generosity of paid leave.

“The United States (and Australia have) the least generous parental leave policies of all 21 economies compared in this study,” said researcher Janet Gornick.

“We pay a high price for our meager policy, because parental leave improves the health and well-being of children and their parents and paid leaves provide families with crucial economic support at such an important time.”

The study looked at parental leave policies according to three criteria: total time guaranteed for parental leave and whether paid or unpaid, total paid leave, and gender equality of the parental leave such as leave and pay available to fathers.

Gornick said while all 21 countries protected at least one parent’s job for a period, there were great differences across these countries on each of the three criteria.

France and Spain came highest in terms of total guaranteed leave, each giving over 300 weeks, while Switzerland and the United States ranked at the bottom, with 24 and 14 weeks respectively.

Australia and Switzerland ranked near the bottom in terms of both generosity and gender equality of parental leave.

While bottom of the paid leave table, the United States scored better on the gender equality index, coming 10th in the list.

Japan ranked near the bottom of the gender equality index at 19 but came 7th in terms of overall generosity for giving 26 weeks of paid parental leave.

(Reporting by Belinda Goldsmith, Editing by Michael Perry)

Handelsbanken Q2 op profit just misses forecast

July 20 (Reuters) – Sweden’s Handelsbanken (SHBa.ST) reported a slightly worse-than-expected operating profit in the second quarter on Tuesday though loan losses came in lower than forecast.

Handelsbanken said operating profit was 3.5 billion crowns ($476.2 million) in the second quarter against a forecast for earnings of 3.6 billion in a Reuters poll.

That compared with 3.4 billion a year earlier.

The bank’s net interest income of 5.1 billion crowns also missed a forecast for 5.3 billion seen in the Reuters poll.

Vestas wins 64 MW turbine order from Sweden

July 14 (Reuters) – Denmark’s Vestas (VWS.CO), the world’s biggest maker of wind turbines, said on Wednesday it had won an order for 21 turbines with total capacity of 64 megawatts in Sweden.

Vestas Wind Systems A/S said in a statement the deal with Nasudden Vast Invest, Slitevind AB and Stugyl AB includes a service agreement and the installation, on the island of Gotland in the Baltic Sea, is to be completed in late 2011.

The company did not disclose financial details.

(Reporting by Anna Ringstrom; editing by Elaine Hardcastle)

Japan’s Asics buys Sweden’s Haglofs for $128.7 mln

July 12 (Reuters) – Japanese sporting goods company Asics Corp (7936.T) said on Monday that it plans to buy Swedish outdoor equipment maker Haglofs Holdings AB for 11.4 billion yen ($128.7 million) in a bid to expand its global sales.

Under the deal, Asics will purchase all of the 30,000 shares in Haglofs from Swedish investment fund Ratos AB (RATOb.ST), the Japanese firm said in a statement.

(Reporting by Mariko Katsumura)

Tunisia court sentences 8 on terrorism charges

July 10 (Reuters) – Eight men have been sentenced to up to 12 years in prison in Tunisia on charges of belonging to a militant Islamist cell, a defence lawyer said on Saturday.

The lawyer, Samir Ben Amor, said the defendants were convicted by the Court of First Instance in Tunis for belonging to a terrorist group and advocating terrorist acts.

He did not name the group. All the men denied the charges.

“Three youths received 12-year sentences and five men were given terms of between two and five years,” said Ben Amor. “Two of them were convicted in absentia and fled to France and Sweden and demanded political asylum.”

Government officials were not immediately available to comment.

Tunisia’s secular-leaning government is seen as a staunch ally of the West in combating Islamist militancy.

Lawyers say around 2,000 people have been arrested since 2003 on terrorism-related charges. The Justice Ministry says the number does not exceed 400. (Reporting by Tarek Amara, Editing by Tom Pfeiffer/Maria Golovnina)

Swedish cbank seen hiking slightly faster-Prospera

July 1 (Reuters) – Sweden’s central bank is seen raising interest rates at a slightly faster pace than previously expected over the next year, a survey of money market players showed on Thursday.

The TNS Prospera survey of players active in the Swedish fixed income market, commissioned by the Riksbank, showed the central bank’s key interest rate at 1.4 percent in 12 months and 2.4 percent in two years.

The outcome compared with the previous money managers’ poll, published in June, which showed expectations for a repo rate of 1.3 percent in 12 months and 2.4 percent in two years.

The key repo rate is currently at a record-low of 0.25 percent. The central bank will publish its rate-setting decision at 0730 GMT.

Swedish pilots strike after wage talks fail

June 16 (Reuters) – Nearly 2,000 pilots went on strike in Sweden on Wednesday after several weeks wage negotiations with employers collapsed, leaving thousands of passengers stranded across the country.

Industrials

The pilots’ strike, scheduled to start at 0300 GMT and last for eight hours on Wednesday, will affect all domestic flights and a significant portion of international flights, airports operator Swedavia said in a statement on the Stockholm Arlanda Airport website.

It said Scandinavian airline SAS (SAS.ST), still reeling from the effects of a volcanic ash cloud from Iceland which grounded airlines across the region, would see its Stockholm-based non-intercontinental flights affected.

At least four airlines would not fly for the rest of the day, the statement said.

The Swedish Airline Pilots Association (SweALPA), representing some 1,900 pilots in Sweden, said the union was unable to resolve a dispute over wages with employers.

The union had offered to take a 10 percent wage reduction while employers demanded wage cuts of 20 percent, it said in a statement.

No further negotiations are scheduled. (Editing by Hans Peters)

Abba tribute acts asked to shed “Abba” off their names

London, June 4 (ANI): Abba”s record label has asked the Swedish band”s tribute acts to change their names, saying trading off the name “Abba” is an infringement of the band”s intellectual property rights.

Lawyers for Universal Music in Sweden have sent legal notices to bands such as Abba Queens, Abba Mania and Swede Dreamz Abba Tribute asking them to change their names immediately.

But tribute musicians are unhappy with the move.

“We”ve been established for four years with the band name, working our way up from playing in pubs to theatres,” the Independent quoted Anneli Stockwell, a singer in the band Abba Queens, as saying.

Stockwell added: “If we have to change the name we”ll lose all that business and reputation. We”ve also spent a lot of money on backdrops and publicity already.”

However, a rep for Universal Music told The Stage: “We”ve had complaints from all over the world where fans feel they”ve been misled and we feel it”s our duty to protect the Abba brand from misuse.” (ANI)

Sweden’s LKAB would benefit from privatisation-chairman

May 30 (Reuters) – The chairman of Sweden’s state-owned LKAB, one of the world’s top iron ore producers, believes the firm would benefit from a partial privatisation and an initial public offering, a Swedish daily reported.

Basic Materials

“It would be easier to bring in new capital through a rights issue, and the company would not need to maintain a high unproductive level of cash,” Bjorn Sprangare told business daily Dagens Industri in an interview.

Sprangare said LKAB, the world’s eleventh biggest producer of iron ore, could benefit in the same way that Brazilian mining company Vale (VALE.N)(VALE5.SA) did after its own partial privatisation.

Vale, the world’s biggest producer of iron ore, has grown immensely since its listing, he said.

“LKAB is working with a too high cash requirement, which is encouraging wastefulness,” he said, referring to the government principle of maintaining a high level of cash reserves to prepare for future downturns.

Elected in 2006, the government then embarked on Sweden’s biggest ever privatisation programme, including selling Absolut Vodka maker Vin & Sprit (PERP.PA), real estate firm Vasakronan and part of telecoms firm TeliaSonera.

Sweden has holdings in around 50 firms, including a near 20 percent stake in the Nordic region’s biggest bank, Nordea (NDA.ST).

Soderling thrashes Dent to reach third round

Sweden’s Robin Soderling swept into the third round of the French Open on Wednesday, destroying American Taylor Dent for the loss of just two games.

The 2009 runner-up needed just 71 minutes to post a 6-0 6-1 6-1 victory and set up a last-32 clash against either qualifier Tobias Kamke of Germany or Spain’s 29th seed Albert Montanes.

So far in the tournament the fifth seed has conceded just seven games after his first round defeat of Laurent Recouderc.

Soderling, who stunned four-times champion Rafael Nadal last year and went on to lose to Roger Federer in the final, took the opening set in 17 minutes, dropping just five points.

Dent finally registered on the scoreboard when he held serve early in the second set but he had no answer to the baseline power of Soderling who powered on to victory.

(Editing by Miles Evans.

To query or comment on this story email sportsfeedback@thomsonreuters.com)

NY ‘bomb-foiling’ street vendor set to profit through ‘saw something-say something’ T’s

New York, May 15 (ANI): The handbag vendor, who alerted the security agencies on time to prevent the crude bomb from going off at the Times Square on May 1 has now started selling T-shirts depicting his heroics with a message urging people to be vigilant.

Duane Jackson, along with his fellow vendor Lance Orton were the first ones to alert the police after spotting the suspiciously parked Nissan Pathfinder in a ‘No Parking’ zone at the Times Square’ 45th street.

Jackson said that the idea of selling T-shirts, which has his picture in front of an American flag with words-‘I saw something … so I said something’- was actually his wife’s.

“My wife came up with the design, and I think they just send the message to be vigilant and keep your eyes open,” The Daily News quoted the 58-year old street vendor, as saying.

Jackson, who has tagged his t-shirts with a price of five dollars each, however, said he does not intend to earn a profit through his role in foiling the terror plot.

“I plan on giving a lot more away than selling them. So if you come from Holland or Sweden to say hi to me, I”ll probably give you a shirt. It”s more about getting the message out. If I break even, that”s great. If I don”t, that”s fine too,” he said. (ANI)

World’s most expensive stamp has a price tag of £5m!

London, May 13 (ANI): The tiny Treskilling Yellow, weighing just 0.03 grams is worth a whopping 5 million pounds.

The stamp, which will be auctioned off in Geneva next week, exists only because a 14-year-old Swedish schoolboy rescued it from his grandmother”s rubbish bin in 1885 and sold it onto a dealer for the lowly price of seven Kroner.

The three-shilling stamp was first issued in Sweden in 1855 and used in 1857 to mail a letter.

Its rarity is augmented by the fact that it was the only one in the batch to printed in yellow by mistake, when it should have been printed in green.

The last sale was in 1996 when it sold for 2,875,000 Swiss Francs, to collectors who remain anonymous.

“There was hot competition when it was sold last time. People collecting stamps like to have rare things, like to have special things. I think maybe it”s because it”s been known for so many years, it”s special,” The Telegraph quoted Thomas Høiland, a Danish auctioneer, as saying. (ANI)

Tiger Woods” wife spotted jogging without wedding ring, fuels divorce reports

New York, May 3 (ANI): Tiger Woods” wife Elin Nordegren was spotted jogging in Sweden without her wedding ring, raising speculation that the couple’s divorce is inevitable.

In pictures posted to RadarOnline.com and TMZ, Nordegren was seen jogging in a form-fitting dark tracksuit, while her golfer hubby was nowhere in sight.

And she was not wearing her wedding ring.

The ex-model”s marriage imploded last November amid tales of Wood”s extramarital romps, including a report that he bedded more than 120 women.

And the couple”s two kids are with Nordegren and her parents.

Us Weekly reported that Nordegren is moving ahead with plans to divorce the fabulously wealthy Woods, even though a source told the magazine that she “still loves him.”

“She knew she”d set a bad example for the kids if she stayed,” the New York Daily News quoted a source as telling Us Weekly. (ANI)

Barca sinks Bilbao to reclaim top spot

Barcelona’s Bojan Krkic has scored twice in a 4-1 home win over Athletic Bilbao that put his side three points clear at the top of La Liga.

Bojan was a late replacement for Sweden striker Zlatan Ibrahimovic, who injured his calf in the warm-up but was not missed as a weakened Barca swept aside Bilbao.

Jeffren, 22, opened the scoring after 27 minutes and Bojan, 19, a fellow product of the club’s youth system, struck either side of half-time to put the European champions in control.

Lionel Messi netted his 26th league goal of the campaign in the 67th minute and although Markel Susaeta pulled one back for the visitors, the result at the Nou Camp was never in doubt.

Guardiola had Wednesday morning’s (AEDT) Champions League quarter-final return leg against Arsenal and a top-of-the-table La Liga clash at Real Madrid next weekend on his mind when he put out an unfamiliar side at the Nou Camp.

He was forced to replace Ibrahimovic but chose to include rarely used Dmytro Chygrynskiy at centre back while left back Maxwell started in midfield.

With Xavi, Pedro and Seydou Keita on the bench and Daniel Alves suspended, Barca lacked its usual fluency.

“I suppose you were shaken when you read the team sheet,” Barca coach Pep Guardiola joked.

“But it is possible to go to the end of the world with these players.”

Barca has 77 points from 30 matches but second-placed Real Madrid can return to the top on goal difference when its visit struggling Racing Santander tonight.

Sevilla ended a run of eight games without a win by beating lowly Tenerife 3-0 in the late match.

Real Zaragoza pulled away from the relegation zone with a 2-0 home win over Malaga thanks to goals from Leonardo Ponzio and Humberto Suazo.

Harrington leading in Tampa

Ireland’s Padraig Harrington produced a 6-under-par round of 65 to grab a one-shot lead at the Tampa Bay Championship at the Innisbrook golf club on Saturday (AEDT).

Starting on the back nine, Harrington was 2-under with no bogeys at the turn and then produced a lively front nine with five birdies and a bogey, on the par-four sixth.

“It is my low score of the year, so I’m happy with that,” Harrington said.

“I felt quite good. When I got it in position, I hit a lot of really nice iron shots.

“I got a few breaks as well during the round, which you generally always do when you shoot 65.”

Sweden’s Carl Pettersson, who had a bogey-free 3-under-par first round, was tied with Americans Jim Furyk and Bubba Watson and South African Retief Goosen in second place.

Steve Elkington was the best-placed Australian in a three-way share of sixth position at 6-under.

- Reuters

Interpol moved for Israeli drug peddler’s girlfriend

Panaji, March 16 (IANS) The Goa Police are moving Interpol to question the Swedish girlfriend of Israeli drug peddler Atala arrested here last week.

Deputy Superintendent of Police Chandrakant Salgaonkar told IANS that the sting operation in which Atala was filmed naming police officers allegedly involved in drug trade was shot by his girlfriend.

‘We are contacting Interpol to record his girlfriend’s statement. She is presently in Sweden,’ Salgaonkar said, refusing to name the woman.

He said Atala had said that his girlfriend shot the video in 2008.

Atala was arrested for allegedly bribing anti-narcotics cell police inspector Ashish Shirodkar after his spy camera video uploaded by an anonymous user on www.youtube.com rocked the police establishment.

In the video Atala is shown travelling in a car packed with drugs like charas and cocaine and speaking to an unidentified person about his clout with the Goa Police.

Atala alleged in the video that Shirodkar stole drugs from court’s custody and sold it to him. He said he paid the officer Rs.100,000 to allow a suspect arrested in a drug raid to go scot-free.

Neo-Nazi to be extradited over Auschwitz heist

A court in Sweden has ruled that one of its citizens can be extradited to Poland in connection with the theft of the “Arbeit Macht Frei” sign from the former Auschwitz concentration camp.

The former leader of a Swedish neo-Nazi group, Anders Hogstrom, has been accused of inciting the theft of the metal sign in December.

The sign, which means “Work Sets You Free”, was stolen from above the entrance to the notorious death camp.

It was later recovered, but had been cut into three pieces.

Five Polish men have already been arrested in connection with the theft.

Up to 1.5 million people, mostly Jewish, died at Auschwitz during Nazi Germany’s wartime occupation of Poland. The site became a museum after the war.

Michael J Fox to be honoured for Parkinson”s disease research

London, Mar 8 (ANI): Actor Michael J Fox is set to receive an honorary degree of medicine from Sweden”s Karolinska Institute, for his efforts in raising funds and awareness for Parkinson”s Disease.

The ‘Back To The Future’ star will be felicitated in a ceremony in New York.

Fox started the Michael J Fox Foundation for Parkinson”s Research, after he was diagnosed with Parkinson”s in 1991.

The foundation has contributed more than 175m dollars to research for developing drugs to fight Parkinson”s, since 2000, reports the BBC.

Karolinska Institute also awards the annual Nobel Prize in medicine. (ANI)

Iron Man 2 | Iron Man 2 Movie | Iron Man 2 Movie Promo Video | Iron Man 2 Movie Trailer Video

Iron Man 2 | Iron Man 2 Movie | Iron Man 2 Movie Promo Video | Iron Man 2 Movie Trailer Video

Starcast :Robert Downey J., Scarlett Johansson, Mickey Rourke
Director: Jon Favreau
Release Date :7 May 2010

Iron Man 2 Movie:

Iron Man 2 is the upcoming 2010 superhero film, based on the Marvel Comics fictional character Iron Man. The film is directed by Jon Favreau, with Robert Downey, Jr. reprising the title role. The film is to be released on April 28 (Belgium, Sweden and France), April 30 (UK & AU) and May 7 (North America), 2010.

Iron Man 2 Movie Promo / Trailer Video :

Noisy roads up high BP risk

Washington, Sept 10 (ANI): Individuals living near noisy roads are at greater risk of developing high blood pressure, according to a new study.

The study has been published in BioMed Central’s open access journal Environmental Health.

Theo Bodin worked with a team or researchers from Lund University Hospital, Sweden, to investigate the association between living close to noisy roads and having raised blood pressure.

He said, “Road traffic is the most important source of community noise. Non-auditory physical health effects that are biologically plausible in relation to noise exposure include changes in blood pressure, heart rate, and levels of stress hormones.

“We found that exposure above 60 decibels was associated with high blood pressure among the relatively young and middle-aged, an important risk factor for cardiovascular diseases such as heart attack and stroke”.

To reach the conclusion, Bodin and his colleagues used health survey questionnaires for 27,963 people living in Scania in southern Sweden and related this information to how close the respondents lived to busy roads. Modest exposure effects were generally noted in all age groups at average road noise levels below 60 dB(A). More marked effects were seen at higher exposure levels among relatively young and middle-aged people, whereas no effects at higher levels were discerned in the oldest age group (60 – 80 years old).

Speaking about this age-effect, Bodin said, “The effect of noise may become less important, or harder to detect, relative to other risk factors with increasing age. Alternatively, it could be that noise annoyance varies with age”.(ANI)