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More top picks for the Swedish-American business community.
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NYTIMES | After months of troop and tank buildups, of grim warnings of violence and vague assurances of peace, and of efforts at diplomacy in Washington, the halls of the United Nations and the capitals of Europe, Russia’s invasion of Ukraine began early Thursday morning, with shelling and rocket attacks on several major cities including the capital, Kyiv, and dozens of deaths.
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REUTERS | The United States kicked off its biggest ever sale of offshore wind development rights in an area covering nearly half a million acres off the coasts of New York and New Jersey. It is the first offshore wind lease sale under the administration of President Joe Biden, who has made the expansion of offshore wind a cornerstone of his strategy to address global warming and decarbonize the U.S. electricity grid by 2035.
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BLOOMBERG | U.S. consumers do not expect red-hot inflation levels to last in the long term. That is the takeaway from data analysis by six co-authors including New York Fed President John Williams, who was listed as a co-writer in the regional Fed's Liberty Street Economics blog series for the first time. The authors drew in part from the January consumer survey from Federal Reserve Bank of New York, which showed that the median one-year-ahead inflation expectations fell for the first time since October 2020, to 5.8%. The outlook over three years dropped even more sharply, and the decline was broad-based across age, education and income.
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NYTIMES | The Swedish government lifted most Covid restrictions in February. The move adds Sweden to the growing list of European nations, including Denmark and Norway, that are scrapping pandemic protocols even though new cases continue to soar in Europe. Starting on Feb. 9, there will be no limit on how many people can gather at restaurants, sports stadiums, and other events, according to Lena Hallengren, the minister of health and social affairs. People will no longer be required to work from home. And travel restrictions on visitors from other Nordic countries will be relaxed.
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WSJ | BlackRock and Warner Music have invested $750 million in a fund to amass music-rights catalogs from female and diverse artists, according to people familiar with the deal. The fund, in partnership with music investment and management firm Influence media, is taking a novel approach to the frothy market in a bet on younger songs.
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NYTIMES | Dozens of songwriters and producers in Stockholm make a living from K-pop - even if they cannot speak Korean. While Swedes have long been go-to figures for North American pop stars - with songwriters like Max Martin and Shellback producing or co-writing tracks for Katy Perry, Taylor Swift, the Weeknd and others - Swedish musicians are now becoming a force in K-pop, too.
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WSJ | Can Quebec's Dams Power New York City? Blackstone Is Betting $4.5 Billion on It
Construction is expected to begin this spring on one of the largest renewable energy projects in New York since Niagara Falls was harnessed for hydropower more than a half-century ago. By late 2025, a 339-mile high-voltage transmission line is expected to deliver enough hydropower from Quebec's remote forests to supply about 20% of New York City's needs.
NYTIMES | Biden Administration Promises to Buy 'Clean' Industrial Materials
The Biden administration will set out a strategy for buying "clean," lower-emissions steel, cement, aluminum and other industrial materials for federal agencies and projects, part of its effort to reduce carbon emissions from industrial manufacturing.
REUTERS | U.S. Unveils Tool to Direct Green Investment to Disadvantaged Communities
The White House has launched a beta version of a tool that will be used to determine where to invest billions of federal dollars to bring energy and infrastructure to disadvantaged communities, a key step in fulfilling a promise by the Biden administration to prioritize environmental justice.
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