The U.S. Treasury Department
on Friday extended its authorization for companies to do
business with Sweden's Nynas, giving the oil refiner more time
to restructure its ownership to avoid American sanctions on
A spike in novel coronavirus infections and deaths in Stockholm has raised questions about Sweden's decision to fight the outbreak without resorting to the lockdowns that have left much of Europe at a standstill.
Italy and Spain, the two European countries hardest hit by the new coronavirus, have enforced the most drastic lockdowns to curb the pandemic but one country, Sweden, stands out for allowing life to go on much as before, Google data show.
Sweden's H&M , the world's second-biggest clothing retailer, said on Friday it expected a loss in the second quarter after reporting a 46% plunge in March sales as the coronavirus pandemic took a toll on the retail sector.
H&M , the world's second-biggest clothing retailer, reported on Friday a 46% plunge in March sales as the coronavirus pandemic took its toll and said it expected to run a loss in its fiscal second quarter.
, the world's biggest airbag maker, on Wednesday withdrew
its 2020 forecast due to the coronavirus crisis, suspended its
dividend and said it had drawn the remaining $600 million from
its existing credit line.
Sweden's H&M said on Thursday it was in talks with tens of thousands of its staff about shortening working hours with the firm among many retailers hit by the coronavirus pandemic and fewer customers in many markets.
Furloughed crew from crisis-hit Scandinavian airline SAS are taking a three-day course in basic hospital duties to help plug gaps in a Swedish healthcare system strained by thousands of coronavirus cases.
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