Latest news with #LouiseBreuschRasmussen
The Star
19-05-2025
- Business
- The Star
Klarna swings to $3 million adjusted profit in Q1
FILE PHOTO: A sign is pictured at the entrance of Klarna's headquarters in Stockholm, Sweden on May 25, 2022. REUTERS/Supantha Mukherjee/File Photo COPENHAGEN (Reuters) - Swedish fintech Klarna, which last month paused plans for an initial public offering, reported a first-quarter adjusted profit of $3 million on Monday, lifted by growing volumes in the United States and efficiency gains from artificial intelligence. Klarna's comparable result for the January-March period of 2024 stood at a loss of $2 million when adjusting for the sale of its Klarna Checkout (KCO) business. The company said its overall revenue grew to $701 million from a year-ago $621 million. In the United States alone, revenue grew 33% year-on-year, Klarna said. (Reporting by Louise Breusch Rasmussen, editing by Terje Solsvik)
Yahoo
07-05-2025
- Automotive
- Yahoo
Volvo Cars to cut 5% of jobs at South Carolina plant as tariffs bite
STOCKHOLM (Reuters) -Volvo Cars said on Wednesday it would make production changes and cut 5% of the workforce at its Charleston plant in the United States due to changing market conditions and evolving trade policies, including tariffs. A spokesperson for Volvo Cars said the changes would affect about 125 of the 2,500 employees at its factory in South Carolina. It was not immediately clear which positions would be affected or how the cuts would affect production at the plant in Charleston. Volvo Cars, which is majority-owned by China's Geely Holding, said it remained committed to creating 4,000 jobs in South Carolina and that it still planned to boost output there in the future. It added in an emailed statement that the cuts were not included in the upcoming redundancies flagged alongside its earnings for the first quarter last week, when it said it would slash costs by 18 billion Swedish crowns ($1.88 billion). Volvo Cars declined to comment on when it would be able to disclose more details around the upcoming job cuts. The carmaker said the United States remained a key part of its long-term strategy and that it was focused on sharpening its U.S. product line-up and manufacturing. Volvo Cars has nearly 43,000 employees globally according to its 2024 annual report. Some 29,000 are in Europe, around 10,000 in Asia and 3,000 in the Americas region. While the Charleston factory has a capacity to produce 150,000 cars annually, it currently only makes the EX90 electric SUV and Polestar's model 3 with most cars imported from Europe. In an April retail sales update the company said it had sold 1,316 EX90s in the U.S. year to date. ($1 = 9.5804 Swedish crowns) (Reporting by Marie Mannes; Editing by Louise Breusch Rasmussen, Tomasz Janowski and Kate Mayberry)
The Star
29-04-2025
- Politics
- The Star
Three people killed in shooting in Sweden, police say
A Police officer works near the scene where several people were injured after a series of loud bangs that indicated gunfire, according to police, at Vaksala Square in Uppsala, Sweden, April 29, 2025. TT News Agency/Fredrik Sandberg via REUTERS STOCKHOLM (Reuters) - Three people were killed in a shooting in the Swedish city of Uppsala on Tuesday and a murder investigation has been launched, police said. Police are searching for one suspected perpetrator, news agency TT reported. Police earlier said they had received calls from members of the public who heard gunshots in the city centre, and that emergency services had rushed to the scene. "Three people are confirmed dead after a shooting... The police are investigating the incident as a homicide," investigators said in a statement. Witnesses told broadcaster SVT they had heard five shots and had seen people in the area running to take cover. Ten people were killed in February in the Swedish city of Orebro in the country's deadliest ever mass shooting, in which a 35-year-old unemployed loner opened fire on students and teachers at an adult education centre. Sweden has suffered from a wave of gang-related violence for more than a decade that has included an epidemic of gun violence. The Nordic country's right-wing minority government came to power in 2022 on a promise to tackle gang-related violence. It has tightened laws and given more powers to police, and after the Orebro shooting said it would seek to tighten gun laws. (Reporting by Louise Breusch Rasmussen and Stine Jacobsen in Copenhagen, Johan Ahlander, Marie Mannes, Simon Johnson and Niklas Pollard in Stockholm, editing by Terje Solsvik and Gareth Jones)
