Chinese artist Ai Weiwei was awarded 1.75 million Danish crowns ($262,952) compensation by a Danish court on Wednesday after a Danish car dealer used one of his works commemorating thousands of refugees as a backdrop for a commercial.
Sweden's AB Volvo inched up its market growth outlook for North America and Europe, as strong deliveries for its trucks and construction equipment as well as continued easing of supply chain bottlenecks helped it beat quarterly profit expectations.
Sweden's Volvo announced new
measures to cut fixed costs by 2 billion Swedish crowns ($214
million) on Thursday, as it became the latest carmaker to warn
that pricing pressure and tariffs arising from the Sino-U.S.
trade war were denting profitability.
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