Sweden will bring its new hard-nosed security stance to the helm of European politics next month when it assumes the EU’s rotating presidency.
Prime Minister Ulf Kristersson said security from criminal gangs at home and Russian aggression abroad was the “great issue of freedom of our time”.
His government will steer the EU agenda for six months while also trying to get Sweden's Nato membership application over the line.
Sweden turned a page on more than 200 years of non-alignment by seeking shelter in Nato after Russia’s invasion of Ukraine.
Mr Kristersson, in office since October, has appointed Sweden's first national security adviser and switched its “feminist foreign policy” to a focus on hard threats.
The threat was underscored when explosions on the Nord Stream pipelines caused a leak in Swedish waters, in an apparent act of sabotage.
Setting out priorities for Sweden’s six-month presidency, Mr Kristersson said the EU would have to adapt to become more resilient.
He said Sweden would drive EU efforts to become more strategically potent and tackle organised crime.
“Alongside Nato, the EU must take greater overall responsibility for European security,” Mr Kristersson said.
“The union that has become synonymous with peace, freedom and trade is now living alongside the kind of war that once created the very need for the EU.”
Sweden and Finland’s Nato applications are being held up by Turkey in a stand-off over terrorism and weapons exports.
Hungary has also yet to ratify their applications, although it says it supports them.
John Chipman, director general of the International Institute for Strategic Studies, believes the end of Sweden and Finland’s neutrality has given European security a new “Nordic centrality”.
“An important impact of Russia’s war on Ukraine was that the geopolitical centre of gravity in Europe moved to the east and the north,” he wrote in the IISS’s annual strategic survey.
“In an enlarged Nato, and with Russia having attacked Ukraine, it is the countries of the north and east which rightly have a key ‘swing vote’ on how Nato analyses risks to European security.”
Sweden’s shift in priorities has left some people alarmed about it losing its reputation as a progressive, peace-loving nation.
As well as abandoning an explicitly feminist foreign policy, Mr Kristersson has tacked to the right on immigration, climate change and foreign aid.
But he told MPs that Sweden would try to strengthen EU climate action with progress on electrification, clean energy and battery storage.
He said the EU should diversify its foreign trade to avoid falling into the same trap it did with its reliance on Russian energy imports.
One ambition is to develop a European semiconductor industry to ease reliance on Chinese parts.
Another Swedish priority is defending the rule of law, setting up a potential clash with Hungary over its alleged erosion of democratic standards.
The focus on crime comes with Sweden plagued by a wave of gangland shootings that overshadowed the recent election campaign.
“When I see the blue-and-yellow EU flag standing as a symbol of freedom next to the blue-and-yellow Ukrainian flag, I am convinced that a blue-and-yellow Swedish presidency is taking on an important task of maintaining these values in Europe,” Mr Kristersson said.
“Together we can overcome the crises and build a better Europe. But only if we do it together — and only if we in Sweden do our part.”
The EU presidency chairs ministerial meetings where compromises are negotiated between the bloc’s 27 countries.
The French and Czech presidencies in 2022 steered through a barrage of sanctions on Russia, including flight bans, trade embargoes and hundreds of individual asset freezes.
But long-running EU spats over energy, climate and asylum policy have yet to be fully resolved.
Another outstanding dispute is the expansion of the visa-free Schengen zone to include Bulgaria and Romania, which was vetoed by Austria and the Netherlands.
Sweden will hold the presidency from January to June. Spain will take its turn in the second half of 2023.
The specs
Engine: 4.0-litre V8 twin-turbocharged and three electric motors
Power: Combined output 920hp
Torque: 730Nm at 4,000-7,000rpm
Transmission: 8-speed dual-clutch automatic
Fuel consumption: 11.2L/100km
On sale: Now, deliveries expected later in 2025
Price: expected to start at Dh1,432,000
Avatar: Fire and Ash
Director: James Cameron
Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana
Rating: 4.5/5
Company%C2%A0profile
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About Takalam
Date started: early 2020
Founders: Khawla Hammad and Inas Abu Shashieh
Based: Abu Dhabi
Sector: HealthTech and wellness
Number of staff: 4
Funding to date: Bootstrapped
Countries recognising Palestine
France, UK, Canada, Australia, Portugal, Belgium, Malta, Luxembourg, San Marino and Andorra
Top investing tips for UAE residents in 2021
Build an emergency fund: Make sure you have enough cash to cover six months of expenses as a buffer against unexpected problems before you begin investing, advises Steve Cronin, the founder of DeadSimpleSaving.com.
Think long-term: When you invest, you need to have a long-term mindset, so don’t worry about momentary ups and downs in the stock market.
Invest worldwide: Diversify your investments globally, ideally by way of a global stock index fund.
Is your money tied up: Avoid anything where you cannot get your money back in full within a month at any time without any penalty.
Skip past the promises: “If an investment product is offering more than 10 per cent return per year, it is either extremely risky or a scam,” Mr Cronin says.
Choose plans with low fees: Make sure that any funds you buy do not charge more than 1 per cent in fees, Mr Cronin says. “If you invest by yourself, you can easily stay below this figure.” Managed funds and commissionable investments often come with higher fees.
Be sceptical about recommendations: If someone suggests an investment to you, ask if they stand to gain, advises Mr Cronin. “If they are receiving commission, they are unlikely to recommend an investment that’s best for you.”
Get financially independent: Mr Cronin advises UAE residents to pursue financial independence. Start with a Google search and improve your knowledge via expat investing websites or Facebook groups such as SimplyFI.
UAE currency: the story behind the money in your pockets
COMPANY PROFILE
Name: HyperSpace
Started: 2020
Founders: Alexander Heller, Rama Allen and Desi Gonzalez
Based: Dubai, UAE
Sector: Entertainment
Number of staff: 210
Investment raised: $75 million from investors including Galaxy Interactive, Riyadh Season, Sega Ventures and Apis Venture Partners
T20 World Cup Qualifier
October 18 – November 2
Opening fixtures
Friday, October 18
ICC Academy: 10am, Scotland v Singapore, 2.10pm, Netherlands v Kenya
Zayed Cricket Stadium: 2.10pm, Hong Kong v Ireland, 7.30pm, Oman v UAE
UAE squad
Ahmed Raza (captain), Rohan Mustafa, Ashfaq Ahmed, Rameez Shahzad, Darius D’Silva, Mohammed Usman, Mohammed Boota, Zawar Farid, Ghulam Shabber, Junaid Siddique, Sultan Ahmed, Imran Haider, Waheed Ahmed, Chirag Suri, Zahoor Khan
Players out: Mohammed Naveed, Shaiman Anwar, Qadeer Ahmed
Players in: Junaid Siddique, Darius D’Silva, Waheed Ahmed
ABU%20DHABI'S%20KEY%20TOURISM%20GOALS%3A%20BY%20THE%20NUMBERS
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Dubai Bling season three
Cast: Loujain Adada, Zeina Khoury, Farhana Bodi, Ebraheem Al Samadi, Mona Kattan, and couples Safa & Fahad Siddiqui and DJ Bliss & Danya Mohammed
Rating: 1/5
Electoral College Victory
Trump has so far secured 295 Electoral College votes, according to the Associated Press, exceeding the 270 needed to win. Only Nevada and Arizona remain to be called, and both swing states are leaning Republican. Trump swept all five remaining swing states, North Carolina, Georgia, Pennsylvania, Michigan and Wisconsin, sealing his path to victory and giving him a strong mandate.
Popular Vote Tally
The count is ongoing, but Trump currently leads with nearly 51 per cent of the popular vote to Harris’s 47.6 per cent. Trump has over 72.2 million votes, while Harris trails with approximately 67.4 million.
WHAT%20MACRO%20FACTORS%20ARE%20IMPACTING%20META%20TECH%20MARKETS%3F
%3Cp%3E%E2%80%A2%20Looming%20global%20slowdown%20and%20recession%20in%20key%20economies%3C%2Fp%3E%0A%3Cp%3E%E2%80%A2%20Russia-Ukraine%20war%3C%2Fp%3E%0A%3Cp%3E%E2%80%A2%20Interest%20rate%20hikes%20and%20the%20rising%20cost%20of%20debt%20servicing%3C%2Fp%3E%0A%3Cp%3E%E2%80%A2%20Oil%20price%20volatility%3C%2Fp%3E%0A%3Cp%3E%E2%80%A2%20Persisting%20inflationary%20pressures%3C%2Fp%3E%0A%3Cp%3E%E2%80%A2%20Exchange%20rate%20fluctuations%3C%2Fp%3E%0A%3Cp%3E%E2%80%A2%20Shortage%20of%20labour%2Fskills%3C%2Fp%3E%0A%3Cp%3E%E2%80%A2%20A%20resurgence%20of%20Covid%3F%3C%2Fp%3E%0A
The specs: 2018 Peugeot 5008
Price, base / as tested: Dh99,900 / Dh134,900
Engine: 1.6-litre turbocharged four-cylinder
Transmission: Six-speed automatic
Power: 165hp @ 6,000rpm
Torque: 240Nm @ 1,400rpm
Fuel economy, combined: 5.8L / 100km
The%C2%A0specs%20
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F1 The Movie
Starring: Brad Pitt, Damson Idris, Kerry Condon, Javier Bardem
Director: Joseph Kosinski
Rating: 4/5
War 2
Director: Ayan Mukerji
Stars: Hrithik Roshan, NTR, Kiara Advani, Ashutosh Rana
Rating: 2/5