Sweden
Gunvor owner resigns, cedes control
Torbjörn Törnqvist resigned and sold his stake in Geneva-based oil trader Gunvor, handing control to a group led by U.S. executive Gary Pedersen after pressure over the firm's Russia ties.
Worldwide arms sales hit record
The Stockholm International Peace Research Institute reported global arms sales reached a record high in 2024, boosting revenues for major defense firms, particularly German manufacturers.
