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Currency factors weigh on retailer H&M's Q2 profit

Swedish fashion retailer Hennes & Mauritz AB on Wednesday said profits fell by 11 percent in the second quarter due to the strong Swedish krona and increased markdowns as it tried to shift its products. Full story

WikiLeaks' Assange fears U.S., says will stay in London embassy

LONDON (Reuters) - WikiLeaks founder Julian Assange says he will not leave the sanctuary of the Ecuadorean Embassy in London even if Sweden stops pursuing sexual assault claims against him because he fears arrest on the order of the United States. Full story

Analysis: Swedish banks' 'best-in-class' capital may hide risks

STOCKHOLM (Reuters) - Sweden's big banks could find their reputation for capital strength increasingly under threat due to pressure from regulators who fear they are more vulnerable to risky loans than appears on paper. Full story

Stora Enso lays off 2,500 workers worldwide

Nordic paper maker Stora Enso says it will lay off 2,500 workers, or some 9 percent of its total global workforce, as part of a major cost-cutting program and streamlining of operations. Full story

Israel picks team to build high-speed web network

An Israeli committee has chosen a consortium led by Swedish company ViaEuropa to build a nationwide high-speed broadband network. Full story

Handelsbanken expects to set capital ratio target by year-end

STOCKHOLM (Reuters) - Sweden's Handelsbanken <SHBa.ST> will set a target for its key capital levels by the end of the year, the chief financial officer said on Wednesday, a move that could pave the way to return funds to shareholders. Full story

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Mom's obesity tied to higher risk of preemies

Sweden's Princess Madeleine weds New York banker

Crash diet tied to increased gallstone risk

2 suspected in Danish police data hacking

IKEA reshuffles the furniture with new generation

Sweden's Meda sale talks founder on valuation: source

Video

  Men opt for skirts on Sweden's commuter line

Male employees at a Swedish railway station are wearing skirts to work to beat the heat since shorts are not allowed and pants are too hot. TODAY.com's Dara Brown reports.

  Fairy tale wedding: Princess weds NYC banker

Princess Madeline, once known as the "party princess" and who is fourth in line to the Swedish throne, married Saturday a hedge fund manager who she met in New York City. NBC's Annabel Roberts reports.

  Sweden shaken by sixth straight nights of violence

Swedish youth continue to riot and vandalize the city of Stockholm for six straight nights. NBC’s Jenna Wolfe reports

  Swede harmony: Meet world’s top barbershop quartet

Barbershop vocal harmony goes back to 19th-century America, but now the Ringmasters, four Swedish men in their 20s, have been named the world’s top barbershop quartet. They talk the genre’s resurgence in popularity and sing the melody of the famous NBC chimes.

  Poor Hoda! Facebook fans scold her for regifting

TODAY’s Kathie Lee Gifford and Hoda Kotb talk about how some viewers have taken umbrage at Hoda giving her niece’s Dr. Seuss book to Jenna Bush Hager for her baby shower.

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Related Photos

Swedish fashion retailer Hennes & Mauritz AB CEO Karl-Johan Persson speaks during a news conference in Stockholm
Swedish fashion retailer Hennes & Mauritz AB CEO Karl-Johan Persson speaks during a news conference in Stockholm

Swedish fashion retailer Hennes & Mauritz AB CEO Karl-Johan Persson speaks during a news conference in Stockholm, June 19, 2013. REUTERS/Marc Femenia/Scanpix Sweden (SWEDEN - Tags: FASHION BUSINESS) ATTENTION EDITORS - THIS IMAGE HAS BEEN SUPPLIED BY A THIRD PARTY. IT IS DISTRIBUTED, EXACTLY AS RECE

Swedish fashion retailer Hennes & Mauritz AB CEO Karl-Johan Persson speaks during a new conference in Stockholm
Swedish fashion retailer Hennes & Mauritz AB CEO Karl-Johan Persson speaks during a new conference in Stockholm

Swedish fashion retailer Hennes & Mauritz AB CEO Karl-Johan Persson speaks during a new conference in Stockholm, June 19, 2013. According Persson, profits fell by 11 percent in the second quarter due to the strong Swedish krona and increased markdowns as it tried to shift its products. REUTERS/Marc

Garment factory workers block a street during a protest in Phnom Penh
Garment factory workers block a street during a protest in Phnom Penh

Garment factory workers block a street during a protest in Phnom Penh June 19, 2013. Hundreds of garment workers have been on strike over a week now to demand for higher pay and better working conditions at a factory, M&V International Manufacturing Limited, which manufactures for Swedish clothing b

Swedish kronor are seen in this photo illustration taken in Stockholm
Swedish kronor are seen in this photo illustration taken in Stockholm

Swedish kronor notes in various denominations are seen in this photo illustration taken in Stockholm February 2, 2011. REUTERS/Bob Strong