Ikea founder passes torch to sons
Ingvar Kamprad, founder of Ikea, is passing on the torch to his three sons Jonas, Mathias and Peter Kamprad. The younger Kamprads will take over control of the Ikea furniture empire, a decision that was made in connection with the founder’s 86th birthday. Says Kamprad’s spokesman Per Heggenes: “It was a natural time for the family to more clearly define the three sons’ future roles and responsibilities.” Ikea is divided into three separate groups, and each son is running one part each. "We will continue to focus on our core businesses and with the default values Ingvar has established in his so-called legacy," Göran Grosskopf, chairman of Ikea's parent company Ingka Holding told Expressen. Ingvar Kamprad is ranked as Sweden's richest man; Ikea generated more than $33 billion in revenue and nearly $4 billion in net income in 2011.

Government wants to cut parental leave
The government wants to limit the use of parental leave after a child has turned 4 years old. According to Minister for Health and Social Affairs Göran Hägglund (a Christian Democrat), it’s a way for women who have just arrived to Sweden to get into the job market faster. Hägglund says these women usually stay at home with full parental compensation for years, which makes it harder for them to become integrated into society. Only 20 percent of the parental leave should be possible to use after the child turns 4. For those with the lowest incomes, the government also wants to increase the payment to 225 SEK ($34) per day.