ECONOMY

Weakened Crown :The Swedish crown has weakened against the euro due to various factors such as skepticism towards Sweden's high debt levels, particularly in the real estate sector, and the perception of the crown as a weak currency internationally. The Riksbank is concerned about the weak crown as it complicates the fight against inflation, but raising interest rates substantially is not a likely solution. The weak crown means a longer inflation reduction for households and a reduced holiday budget for trips to Southern Europe.

Systembolaget Lost : Systembolaget, the Swedish alcohol monopoly, has lost a wine dispute against Winefinder in the Supreme Court. The case revolved around distance sales of alcohol, with Winefinder arguing that it operates from Denmark and should be allowed to sell alcohol to Sweden. The ruling is seen as a victory for e-commerce and clarifies the legal situation for distance trade in Europe.

Racism in Business : According to the Allbright report, only 0.5% of high positions in Swedish businesses are held by women of color, highlighting the lack of representation and value placed on the competence of black women in leadership roles. The report reveals that 95% of leaders and 98% of board members are coded as white, suggesting a focus on sexism while neglecting racism in business environments. The findings indicate a prioritization of maintaining white spaces rather than promoting diversity and gender equality.