Sweden’s historic 600-tonne Kiruna Church moves to new home
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The Swedish krona pared a little of its recent losses against the euro following the decision. The Riksbank in June cut its key rate for only the second time this year, having previously left the rate unchanged for two straight meetings amid global turmoil and hotter-than-expected inflation.
Video: Sweden moves 672-ton church 5km to the left to save it from being swallowed by giant mine The 113-year-old Kiruna Church, one of Sweden's largest wooden structures and often voted its most beautiful, had to move in order to make way for the expansion of the world's largest underground iron ore mine.
Sweden’s government raised its projection for economic growth next year, saying reduced uncertainty over US tariffs should allow households to begin consuming more over the coming months.
Canada and Sweden announced a strategic partnership to expand aerospace and defense cooperation, with Arctic security and industrial collaboration in focus.
The mammoth move has seen the wooden structure, weighing over 600 tons, transported on specialized trailers traveling at about 1,600 feet per hour.
Sweden's 113-year-old Kiruna Church is being transported away from a location that is sinking due to underground mining.
Sweden’s central bank kept interest rates steady to parry a recent spike in inflation and restated the prospect for another cut that may come as soon as next month to support a struggling economy.
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