Sweden can send criminals to serve their sentences in prisons abroad, a government-appointed commission said on Wednesday, as the country struggles to handle an influx of new inmates arising from a wave of gang crime.

STOCKHOLM–Sweden’s central bank lowered its key interest rate on Wednesday, with policymakers signaling they might be finished with their monetary policy easing. The Riksbank cut its key interest rate by a quarter of a percentage point to 2.

Swedish telecoms group Tele2 plans to cut more than 600 jobs in 2025 as it seeks to reduce costs and boost profitability, the company said as it reported a rise in fourth-quarter earnings on Wednesday.

Sweden has opened a preliminary investigation into suspected aggravated “sabotage” and ordered the detention of a vessel in the Baltic Sea suspected of damaging an underwater fiber optic cable connecting Latvia and the Swedish island of Gotland earlier that day.

The Nordic country has opened an investigation into the damage, just weeks after NATO stepped up its military presence in the area following a series of similar incidents.

Sweden's SSAB posted fourth-quarter operating profit above analysts' estimates on Wednesday, helped by resilient demand for its high-strength steel and other premium products despite generally weak European and North America markets.

Sweden is investigating damage to a data cable linked to Latvia, the latest breach in the Baltic Sea region where European authorities are on high alert.

Swedish authorities have seized a ship over the “aggravated sabotage” of an undersea fibre-optic cable linking Latvia with a strategically important island in Sweden.

Sweden detained a vessel suspected of damaging a subsea data cable connecting it with Latvia, the third such incident in the Baltic Sea in the past three months.

As a result of the New Jersey Devils number one netminder sidelined, Team Sweden was in need of another goaltender for the 4 Nations Fave-Off. On Wednesday, they named the replacement.

The “Swedish Grace” movement may not be a household name, but its story is full of design history and influence.