Kati Pohjanpalo

Finland was crowned the world's happiest country for the seventh consecutive year in the global life-satisfaction rankings, but a drop in living standards among young Americans meant the world's biggest economy fell outside the top 20 for the first time.

Denmark and Iceland remained second and third, respectively, in The World Happiness Report.

Attempting to draw a line under an annus horribilis, the chief executive of Alecta in March said Sweden's biggest pension fund must do things better . It was, to say the least, an understated reaction to what's been a bad time for the fund, which manages about $118 billion of retirement savings for a quarter of Sweden's population.

Ericsson AB , one of the world's biggest providers of 5G networking equipment, said it will cut 1,200 jobs in Sweden to cope with lower orders and caution from mobile service providers.

Rafaela Lindeberg and Kati Pohjanpalo · (Bloomberg) -- Ericsson AB, one of the world's biggest providers of 5G networking equipment, said

Finland extended the closure of the NATO defense bloc’s longest border with Russia, citing continued risks to its national security.

A year after announcing more than $3 billion in losses on niche banks and real estate, Swedish pension fund Alecta delivered solid returns on its investments.

A year after announcing more than $3 billion in losses on niche banks and real estate, Swedish pension fund Alecta delivered solid returns on its investments.

Neste Oyj , the Finnish maker of renewable diesel, will begin a search for a new chief executive officer as Matti Lehmus steps down after just two years in the role.

Sweden's largest bank raised its forecasts for economic growth in the Nordic nation after output fell less than expected last year, citing “budding optimism among households and businesses.”