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☆ Danish dockworkers join Swedish strike action against Tesla
▼ + stars: | 2023-12-05 | by ( ) www.reuters.com time to read: +1 min

A view shows the ship Malacca Highway at shore as port workers are blocking the loading of Tesla vehicles, in Malmo, Sweden, November 7, 2023. Johan Nilsson/TT News Agency/via REUTERS/File Photo Acquire Licensing RightsHELSINKI, Dec 5 (Reuters) - Denmark's 3F labour union said on Tuesday it will support Swedish mechanics in their strike action against Tesla (TSLA.O), and will refuse to unload or transport cars made by the U.S. auto company for customers in Sweden. "Like the companies, the trade union movement is global in the fight to protect workers," 3F Chair Jan Villadsen said in a statement, adding that Sweden's IF Metall union had asked 3F to help. The strike by Danish dockworkers and lorry drivers only affects cars that are meant for the Swedish market, the union said. Swedish labour groups have been taking industrial action against Tesla since October in a bid to force the car manufacturer to sign collective bargaining agreements with mechanics.

Persons: Johan Nilsson, Jan Villadsen, Tesla, Essi Lehto, Terje Solsvik Organizations: TT, Agency, Rights, U.S, IF Metall, Thomson Locations: Malacca, Malmo, Sweden, Swedish, Danish

☆ Spotify to reduce staff by 17% in second layoff this year
▼ + stars: | 2023-12-04 | by ( ) www.reuters.com time to read: +1 min

Small figurines are seen in front of displayed Spotify logo in this illustration taken February 11, 2022. REUTERS/Dado Ruvic/Ilustration/File Photo Acquire Licensing RightsSTOCKHOLM, Dec 4 (Reuters) - Spotify (SPOT.N) will reduce its total headcount by around 17% across the company, it said in an email on Monday, after laying of 6% of this staff in January citing higher costs. CEO Daniel Ek told Reuters at that time the company was still focusing on efficiencies to get more out of each dollar. "We debated making smaller reductions throughout 2024 and 2025," CEO Daniel Ek said in a mail to employees. Reporting by Supantha Mukherjee, writing by Anna Ringstrom, editing by Essi Lehto and Terje SolsvikOur Standards: The Thomson Reuters Trust Principles.

Persons: Dado Ruvic, Daniel Ek, Supantha Mukherjee, Anna Ringstrom, Essi Lehto, Terje Solsvik Organizations: REUTERS, Rights, Reuters, Thomson

☆ Spotify to reduce staff by 17%
▼ + stars: | 2023-12-04 | by ( ) www.reuters.com time to read: 1 min

Persons: Dado Ruvic, Supantha Mukherjee, Anna Ringstrom, Essi Organizations: REUTERS, Rights, Thomson

☆ Swedish property firms should cut debt, raise equity, Riksbank chief says
▼ + stars: | 2023-12-01 | by ( ) www.reuters.com time to read: +3 min

Commercial property companies ramped up borrowing when rates were low and some are now struggling to pay off or roll-over debt after eight interest rate hikes by the central bank. Thedeen said many companies in the commercial real estate sector needed to restructure their balance sheets. Even if rates have peaked, problems for the commercial real estate sector are not over. Short-dated debt and large refunding needs mean "the Swedish property sector has more risk" than in other European countries, Maria Gillholm, senior credit officer at Moody's, said. The commercial real estate sector triggered a financial crisis in Sweden in the early 1990s and authorities have said it is once again the biggest risk to financial stability.

Persons: Erik Thedeen, Jonas Ekstromer, Thedeen, It's, Riksbank, Moody's, Maria Gillholm, Simon Johnson, Terje Solsvik, Essi Lehto, Susan Fenton Organizations: TT, Agency, Rights, Moody's, Thomson Locations: Stockholm, Sweden, Swedish, Europe

☆ Kremlin warns of tensions if Poland sends troops to Finnish-Russian border
▼ + stars: | 2023-11-29 | by ( ) www.reuters.com time to read: +2 min

[1/2] Closed Vaalimaa border station between Finland and Russia in Virolahti, Finland on November 29, 2023. Finland closes temporarily its sole remaining border crossing with Russia. "A team of military advisers will provide on-site knowledge on border security, also in operational terms," he said. Finland's Border Guard and the interior ministry both said they were unaware of any plan to bring Polish military advisers to Finland's eastern border. Finland infuriated Russia earlier this year when it joined NATO, ending decades of military non-alignment, due to the war in Ukraine.

Persons: Lehtikuva, Lauri Heino, Jacek Siewiera, Dmitry Peskov, Sauli Niinisto, Andrzej Duda, Anne Kauranen, Felix Light, Andrew Osborn, Gareth Jones Organizations: REUTERS Acquire, Kremlin, Polish National Security Bureau, NATO, Finland's Border Guard, Reuters, Thomson Locations: Finland, Russia, Virolahti, MOSCOW, HELSINKI, Moscow, Poland, Helsinki, Finnish, Warsaw, Ukraine

☆ Finland will close Russian border for 2 weeks to stop asylum seekers
▼ + stars: | 2023-11-28 | by ( Essi Lehto | ) www.reuters.com time to read: +2 min

[1/4] A view of closed gates at the Raja-Jooseppi international border crossing station before its opening in Inari, northern Finland on November 24, 2023. Finland last week shut all but one of its border posts to travellers from Russia, keeping open only the northernmost crossing located in the Arctic. On Monday he said his country had intelligence information on Russian authorities assisting the asylum seekers and that despite Finnish border closures, there were still more people heading towards Finland in Russia. On Monday, only three asylum seekers arrived in Finland through the remote Raja-Jooseppi station, the last open border post, and on Tuesday there were no entrants. The border station will remain open on Wednesday before closing until Dec. 13, the government said.

Persons: Korhonen, Petteri Orpo, Essi Lehto, Terje Solsvik, Anna Ringstrom, Louise Rasmussen, Alexandra Hudson Organizations: REUTERS, Rights, Nordic, Finnish Border Guard, Finland's Border Guard, Kremlin, NATO, Alexandra Hudson Our, Thomson Locations: Inari, Finland, Russia, Moscow, Kenya, Morocco, Pakistan, Somalia, Syria, Yemen, Helsinki, United States, Ukraine

☆ Finland plans more measures to stop asylum surge from Russia border
▼ + stars: | 2023-11-27 | by ( Anne Kauranen | ) www.reuters.com time to read: +3 min

[1/2] Finnish Border Guards escort migrants arriving at the Raja-Jooseppi international border crossing station in Inari, Finland, November 25, 2023. Some 900 asylum seekers from nations including Afghanistan, Kenya, Morocco, Pakistan, Somalia, Syria and Yemen have entered Finland from Russia in November, an increase from less than one per day previously, according to the Finnish Border Guard. Finland blames a change in Russian border protocol for the increase and calls this a hybrid attack. Finland infuriated Russia when it joined NATO in April, ending decades of military non-alignment, due to the war in Ukraine. If this continues, more measures will be announced in the near future," Prime Minister Petteri Orpo told a press conference.

Persons: Korhonen, Petteri Orpo, Ulf Kristersson, Orpo, Jens Stoltenberg, " Stoltenberg, Anne Kauranen, Anna Ringstrom, Andrew Gray, Louise Rasmussen, Terje Solsvik, Alison Williams Organizations: Finnish Border Guards, REUTERS Acquire, Rights, Finnish Border Guard, Kremlin, NATO, Border Guard, Swedish, Frontex, Monday, European Union, Thomson Locations: Inari, Finland, Russia, Moscow, Afghanistan, Kenya, Morocco, Pakistan, Somalia, Syria, Yemen, United States, Ukraine, Sweden, EU, Brussels, Finland's, NATO, East, Africa, Belarus, Poland, Minsk, Helsinki, Stockholm

Abandoned bicycles lie at the international border crossing, as migrants arrive to the northern border stations between Finland and Russia, in Salla, Lapland, Finland November 23, 2023. Finland on Wednesday said it will close all but the northernmost crossing point on its 1,340 km (830 miles) border with Russia, leaving open only a remote Arctic route from Friday morning onwards. Frontex in a statement said it would deploy 50 border guard officers and other staff to Finland along with equipment such as patrol cars, to bolster control activities. Frontex said it would send a first group of staff on Nov. 29, including border surveillance officers, support for registering migrants, document experts and interpreters. Reporting by Anna Ringstrom in Stockholm and Essi Lehto in Helsinki, editing by Terje Solsvik and Christina FincherOur Standards: The Thomson Reuters Trust Principles.

Persons: Lehtikuva, Jussi Nukari, Coast Guard Agency Frontex, Mari Rantanen, Rantanen, Frontex, Anna Ringstrom, Essi, Terje Solsvik, Christina Fincher Organizations: REUTERS, Rights, Coast Guard Agency, Nordic, Kremlin, Finland, Thomson Locations: Finland, Russia, Salla, Lapland, Rights STOCKHOLM, Helsinki, Moscow, funnelling, Yemen, Afghanistan, Kenya, Morocco, Pakistan, Somalia, Syria, Stockholm

☆ EU to deploy more staff on Finnish-Russian border amid asylum crisis
▼ + stars: | 2023-11-23 | by ( ) www.reuters.com time to read: +1 min

Abandoned bicycles lie at the international border crossing, as migrants arrive to the northern border stations between Finland and Russia, in Salla, Lapland, Finland November 23, 2023. Helsinki has accused Moscow of funnelling migrants to the border from nations such as Yemen, Afghanistan, Kenya, Morocco, Pakistan, Somalia and Syria, a charge the Kremlin has denied. Frontex in a statement on Thursday said it would deploy 50 border guard officers and other staff to Finland along with equipment such as patrol cars, to bolster control activities. Finland earlier this week said it had asked for 60 Frontex officers on top of 10 already stationed in the country. Frontex said it would send a first group of staff on Nov. 29, including border surveillance officers, support for registering migrants, document experts and interpreters.

Persons: Lehtikuva, Jussi Nukari, Coast Guard Agency Frontex, Frontex, Anna Ringstrom, Essi Lehto, Terje Solsvik Organizations: REUTERS, Rights, Coast Guard Agency, Nordic, Kremlin, Finland, Thomson Locations: Finland, Russia, Salla, Lapland, Rights STOCKHOLM, Helsinki, Moscow, Yemen, Afghanistan, Kenya, Morocco, Pakistan, Somalia, Syria

☆ Finland to close all but northernmost border crossing with Russia
▼ + stars: | 2023-11-22 | by ( Essi Lehto | ) www.reuters.com time to read: +3 min

"The government has today decided to close more border stations," Orpo told a press conference. Finland said Russia was letting migrants through those two crossing points by foot despite an agreement that they could only be crossed by car. "There are growing signs that the situation is worsening on the eastern border," Orpo said. Finland will shut three of the four remaining border crossing points from midnight on Friday, leaving only the Raja-Jooseppi crossing in the Arctic open. "Raja-Jooseppi is the northernmost (border crossing) and it requires a real effort to get there," Orpo said.

Persons: Petteri Orpo, Orpo, Ylva Johansson, Sauli Niinisto, Moscow's, Essi Lehto, Jacob Gronholt, Pedersen, Alexandra Hudson, Christina Fincher, Mark Heinrich Our Organizations: Nordic, European Union, Kremlin, Finland, Russia, Thomson Locations: HELSINKI, Finland, Russia, Helsinki, Moscow, Yemen, Afghanistan, Kenya, Morocco, Pakistan, Somalia, Syria, EU, Estonia, Baltic, Finnish, Vartius, Poland, Lithuania, Latvia, Belarus, East, Africa

☆ Finland may shut entire Russian border, foreign minister says
▼ + stars: | 2023-11-22 | by ( Essi Lehto | ) www.reuters.com time to read: +3 min

A car is seen at the border between Russia and Finland at the Nuijamaa border checkpoint in Lappeenranta, Finland, November 16, 2023. Foreign Ministry spokeswoman Maria Zakharova said on Wednesday that Russia will "of course" respond if Finland closes the remaining border posts between the two countries. Valtonen confirmed observations by the Finnish border guards and said Finnish decision-makers had additional evidence that the Russian border service was transporting the migrants to the border but declined to reveal her sources. Valtonen said Finland had tried discussing the matter with Russia but Moscow had so far declined to engage in dialogue. On Wednesday, 51 migrants arrived from Russia to apply for asylum at the Salla border crossing and at least 11 at Vartius in Northern Finland, the Border Guard said.

Persons: Moilanen, Elina Valtonen, Valtonen, Maria Zakharova, Ylva Johansson, Essi, Anne Kauranen, Terje Solsvik, Frances Kerry Organizations: REUTERS, Rights, Reuters, European Union, Kremlin, Foreign, Valtonen, NATO, Frontex, Border Guard, Thomson Locations: Russia, Finland, Lappeenranta, Helsinki, Moscow, Yemen, Afghanistan, Kenya, Morocco, Pakistan, Somalia, Syria, Ukraine, Russian, EU's, Finnish, Vartius, Northern Finland

☆ Finland May Shut Entire Russian Border, Foreign Minister Says
▼ + stars: | 2023-11-22 | by ( Nov. | At A.M. | ) www.usnews.com time to read: +3 min

"We have already taken measures to close border crossing points, and if need be, we will be doing further closings," Valtonen said in an interview, adding that closing the entire border was one option the government was currently discussing. Foreign Ministry spokeswoman Maria Zakharova said on Wednesday that Russia will "of course" respond if Finland closes the remaining border posts between the two countries. Valtonen confirmed observations by the Finnish border guards and said Finnish decision-makers had additional evidence that the Russian border service was transporting the migrants to the border but declined to reveal her sources. Valtonen said Finland had tried discussing the matter with Russia but Moscow had so far declined to engage in dialogue. On Wednesday, 51 migrants arrived from Russia to apply for asylum at the Salla border crossing and at least 11 at Vartius in Northern Finland, the Border Guard said.

Persons: Elina Valtonen, Valtonen, Maria Zakharova, Ylva Johansson, Essi Lehto, Anne Kauranen, Terje Solsvik, Frances Kerry Organizations: Essi Lehto, Reuters, European Union, Kremlin, Foreign, Valtonen, NATO, Frontex, Border Guard Locations: Essi Lehto HELSINKI, Finland, Russia, Helsinki, Moscow, Yemen, Afghanistan, Kenya, Morocco, Pakistan, Somalia, Syria, Ukraine, Russian, EU's, Finnish, Vartius, Northern Finland

"It is very likely that the Russian authorities are heavily involved in the transport operation. Very probably the border guards are involved on their side," he told Reuters. On Monday, Kremlin spokesman Dmitry Peskov denied Finland's accusation that Russia was deliberately pushing illegal migrants towards the border and said Russian border guards were carrying out their duties in line with the rules. Kivenjuuri said access to the border zone on the Russian side was controlled by Russian authorities. "The border zone is wider on the Russian side and these people are not allowed freely into the border zone.

Persons: Tomi Kivenjuuri, Dmitry Peskov, Jouko Kinnunen, Kivenjuuri, Migri, Antti Lehtinen, Essi Lehto, Anne Kauranen Organizations: Finnish Border Guard, European, Helsinki, Reuters, Finland's Border Guard, Lapland Border Guards, Russian, Asylum Unit, Thomson Locations: Finland, HELSINKI, Russia, Yemen, Somalia, Syria, Iraq, Helsinki, Moscow, Finnish, Vartius, Russian, Afghanistan, Morocco

☆ Finland mulls more border restrictions as asylum seekers 'impossible' to return
▼ + stars: | 2023-11-20 | by ( Essi Lehto | ) www.reuters.com time to read: +3 min

Finland's President Sauli Niinisto addresses the 78th United Nations General Assembly at U.N. headquarters in New York, U.S., September 20, 2023. REUTERS/Caitlin Ochs/File Photo Acquire Licensing RightsHELSINKI, Nov 20 (Reuters) - Finland said on Monday it had become impossible to return asylum seekers who did not meet the criteria for protection and said that it might further restrict migrant entries from Russia following a jump in the number of applicants. Over 500 asylum seekers, mostly from Yemen, Somalia, Syria and Iraq, arrived in Finland - an eastern outpost of the European Union - via Russia in the past two weeks, prompting Helsinki to shut half its border crossings and accuse Moscow of funnelling migrants to its border. Migrants entering Finland from Russia can now only request asylum at two of the remaining four crossing points on their shared 1,340-km (830-mile) border. The Kremlin said on Monday it had lodged a formal protest over the partial border closure, saying the decision reflected an anti-Russian stance.

Persons: Sauli Niinisto, Caitlin Ochs, Niinisto, Petteri Orpo, Orpo, Tomi Kivenjuuri, Kivenjuuri, Moscow's, Essi Lehto, Terje Solsvik, Anna Ringstrom, Jonathan Oatis, Gareth Jones Organizations: United Nations General Assembly, REUTERS, Rights, European, Migrants, Finnish Border Guard, Reuters, Thomson Locations: U.N, New York, U.S, Finland, Russia, Yemen, Somalia, Syria, Iraq, Helsinki, Moscow, Poland, EU, Finnish, Lithuania, Latvia, Belarus, East, Africa, Oslo, Stockholm

A view of the border between Russia and Finland at the Nuijamaa border checkpoint in Lappeenranta, Finland on November 15, 2023. The four border crossings - at Vaalimaa, Nuijamaa, Imatra and Niirala in southeastern Finland - are normally the busiest points of travel between the two countries. Nearly 100 asylum seekers had entered Finland from Russia on Friday by midday, officials said. Finland shares a 1,340-km (833-mile) border with Russia that also serves as the EU's external border. Finland's ombudsman for non-discrimination said on Thursday Helsinki still had a duty under international treaties and EU law to allow asylum seekers to seek protection.

Persons: Helsinki, Matti Pitkaniitty, Pitkaniitty, Essi Lehto, Anne Kauranen, Terje Solsvik, Gareth Jones Organizations: Finnish Border Guard, European Union, NATO, Kremlin, Helsinki, Thomson Locations: Russia, Finland, Lappeenranta, Finnish, HELSINKI, Vaalimaa, Russia's, Salla, Iraq, Yemen, Somalia, Syria, Moscow, Ukraine, United States

☆ Finland closes four Russian border crossings to stop asylum seekers
▼ + stars: | 2023-11-16 | by ( ) www.reuters.com time to read: +1 min

A car is seen at the border between Russia and Finland at the Nuijamaa border checkpoint in Lappeenranta, Finland, November 16, 2023. Lehtikuva/Vesa Moilanen via REUTERS Acquire Licensing RightsHELSINKI, Nov 16 (Reuters) - Finland will close four of the nine crossing points on its border with Russia to stem a flow of asylum seekers to the Nordic nation, Prime Minister Petteri Orpo said on Thursday. The Finnish president on Wednesday said a rise in the number of asylum applicants arriving on the country's eastern border appeared to be triggered by Russian revenge for Finland's defence cooperation with the United States. "The government has today decided that Finland will close some eastern border crossing points. The eastern border for that part will close on the night between Friday and Saturday," Orpo told a press conference.

Persons: Moilanen, Petteri Orpo, Orpo, Essi Lehto, Terje Solsvik Organizations: REUTERS Acquire, Rights, Nordic, Thomson Locations: Russia, Finland, Lappeenranta, United States

☆ Facing asylum seeker surge from Russia, Finland mulls curbing access
▼ + stars: | 2023-11-15 | by ( Essi Lehto | ) www.reuters.com time to read: +3 min

[1/3] A view of the border between Russia and Finland at the Nuijamaa border checkpoint in Lappeenranta, Finland on November 15, 2023. An increasing number of citizens from third countries have arrived via Russia to Finnish border-crossing points without proper documentation this autumn. Finland has no... Acquire Licensing Rights Read moreHELSINKI, Nov 15 (Reuters) - Further groups of asylum seekers arrived on Wednesday at Finland's southeastern border via Russia, officials said, adding to a sudden surge that might spur the Nordic country to restrict access. Finland's government on Tuesday accused Russia of funnelling asylum seekers to crossing points along the frontier and said it might limit access unless Russian authorities reverse course. On Tuesday, 55 asylum seekers were recorded by officials, while Wednesday afternoon's figure stood at 66 and rising, Finnish Border Guard Lieutenant Colonel Jukka Lukkari said.

Persons: Sauli Niinisto, Finland's, Dmitry Peskov, Jukka Lukkari, Jukka Laine, Laine, Essi Lehto, Anne Kauranen, Mark Heinrich Our Organizations: Union, NATO, EU, Finnish Border Guard, University of Eastern, Finnish Refugee Council, Thomson Locations: Russia, Finland, Lappeenranta, Finnish, HELSINKI, Finland's, Moscow, Iraq, Yemen, Somalia, Syria, University of Eastern Finland

☆ Finland to 'take action' as more asylum seekers arrive via Russia
▼ + stars: | 2023-11-14 | by ( ) www.reuters.com time to read: +1 min

A view of the pilot border fence during a media event of the Finnish Border Guard RAJA at the Finnish-Russian border in Imatra, Finland October 26, 2023. Lehtikuva/Jussi Nukari/via REUTERS/File photo Acquire Licensing RightsHELSINKI, Nov 14 (Reuters) - Finland is seeing a rise in the number of third-country asylum seekers arriving at its border crossings from Russia and is preparing to "take action" to handle the situation, the Finnish interior minister said on Tuesday. Russian authorities have changed the way they work to allow travel to Finland despite a lack of documents, which is illegal entry," Minister of Interior Mari Rantanen told reporters. Around 60 asylum seekers had arrived from Russia since early on Monday, according to Finland's border guard authority. NATO member Finland shares a 1,340-kilometre (833-mile) border with Russia which also serves as the European Union's external border.

Persons: Lehtikuva, Jussi Nukari, Interior Mari Rantanen, Rantanen, Anne Kauranen, Essi, Terje Solsvik Organizations: Finnish Border Guard, Rights, Interior, NATO, Thomson Locations: Russian, Imatra, Finland, Russia

☆ Orsted's finance and operations chiefs out after big losses
▼ + stars: | 2023-11-14 | by ( ) www.reuters.com time to read: +3 min

The offshore wind industry has found itself in a perfect storm of rising inflation, interest rate hikes and delays in the supply chain struggling to cope with growing demand. Orsted, the world's largest offshore wind developer, on Nov. 1 scrapped two U.S. offshore wind projects, flagging $5.6 billion in related impairments after delays, partly due to vessel availability, meant costs soared. "Together with the finance team and the group executive team, Rasmus Errboe will lead the work on supporting Orsted's capital structure and long-term commitment to its credit rating," the company said. Board member Andrew Brown, who has executive experience from Shell and Portugal's Galp, was appointed interim COO, Orsted said. The company said contracts it had signed for its U.S. offshore wind projects were secured recently and were therefore more reflective of current costs.

Persons: Tom Little, Rasmus Errboe, Andrew Brown, Daniel Lerup, Richard Hunter, Orsted, Mads Nipper, Nipper, Essi Lehto, Susanna Twidale, Louise Rasmussen, Mark Potter Organizations: REUTERS, Shell, RWE, Thomson Locations: Nysted, Denmark, HELSINKI

☆ Risk of volcanic eruption in Iceland remains high
▼ + stars: | 2023-11-13 | by ( ) www.reuters.com time to read: +3 min

COPENHAGEN, Nov 13 (Reuters) - Seismic activity in southwestern Iceland decreased in size and intensity on Monday, but the risk of a volcanic eruption remained significant, authorities said, after earthquakes and evidence of magma spreading underground in recent weeks. Thorvaldur Thordarson, professor in vulcanology at the University of Iceland, said most recent data indicated a smaller risk of an eruption in the area around the town of Grindavik. [1/5]A view of cracks, emerged on a road due to volcanic activity, near Grindavik, Iceland November 13, 2023. Volcanic activity in the area continued for six months that year, prompting thousands of Icelanders and tourists to visit the scene. In August 2022, a three-week eruption happened in the same area, followed by another in July of this year.

Persons: Matthew James Roberts, Thorvaldur Thordarson, Grindavik, Hans Vera, Vera, It's, Louise Rasmussen, Tom Little, Jacob Gronholt, Pedersen, Johannes Birkebaek, Ilze, Essi, Alex Richardson Organizations: Icelandic Meteorological, University of, Administration, Facebook, REUTERS Acquire, Thomson Locations: COPENHAGEN, Iceland, Reykjavik, vulcanology, University of Iceland, Grindavik, Belgian, Copenhagen, Stockholm, Helsinki

☆ Weight-loss drug maker Novo Nordisk to invest $6 bln in expanding plant
▼ + stars: | 2023-11-10 | by ( ) www.reuters.com time to read: +1 min

OSLO, Nov 10 (Reuters) - Novo Nordisk (NOVOb.CO) said on Friday it plans to invest more than 42 billion crowns ($6 billion) in the coming years as it seeks to meet booming demand for its Wegovy weight-loss treatment and other drugs. Novo Nordisk said in a statement investments include an expansion of its capacity for GLP-1 products, which include the active ingredients in Wegovy as well as the company's Ozempic diabetes treatment. "Our continued investment in global capacity demonstrates the belief we have in our current and future product portfolio," said Henrik Wulff, Novo's head of Product Supply, Quality & IT. A portion of the investment was included in a 25 billion crowns capital expenditure announced in February, Novo said. ($1 = 6.9904 Danish crowns)Reporting by Terje Solsvik, editing by Essi Lehto and Anna RingstromOur Standards: The Thomson Reuters Trust Principles.

Persons: Henrik Wulff, Novo's, Terje Solsvik, Essi Lehto, Anna Ringstrom Organizations: Novo Nordisk, Supply, Thomson Locations: OSLO, Denmark, Wegovy, Novo

☆ Estonia Says Chinese Ship Is Main Focus of Probe Into Cables Damage
▼ + stars: | 2023-11-10 | by ( Nov. | At A.M. | ) www.usnews.com time to read: +3 min

By Andrius Sytas and Essi LehtoVILNIUS/HELSINKI (Reuters) - Estonian prosecutors said on Friday the Hong Kong-registered NewNew Polar Bear container ship was the main focus of their investigations into the damage of two subsea telecoms cables last month. It is the first time Estonia has said it was the primary scenario it was investigating. NewNew Shipping, the owner and operator of the NewNew Polar Bear, has previously declined to comment when contacted by Reuters. Estonia's prosecutor general said on Friday the main lead they were following was that "damage to the telecom cables between Estonia and Finland and Estonia and Sweden is connected to the vessel Newnew Polar Bear flying the flag of Hong Kong". Reuters has reported that two vessels, the NewNew Polar Bear and the Russia-flagged Sevmorput, were present near the cables and pipeline around the time of the damage, according to data from MarineTraffic, a ship-tracking and maritime analytics provider.

Persons: Andrius Sytas, Triinu Olev, Risto Lohi, Elina Valtonen, China, Essi, Terje Solsvik, Christina Fincher, Andrew Heavens Organizations: Essi Lehto, NewNew Shipping, Reuters, NATO, Finland's Locations: Essi, Essi Lehto VILNIUS, HELSINKI, Hong Kong, Estonia's, Finland, Estonia, China, Baltic, Sweden, Russia, MarineTraffic, Vilnius, Helsinki

A damaged Balticconnector gas pipeline that connects Finland and Estonia is pictured in this undated handout picture in the Baltic Sea. Tallinn is investigating the cables incidents. In the case of the Estonia-Finland cable damage, it is also focusing on the Hong Kong vessel, and on Thursday evening Kallas said all three incidents were likely connected. The NewNew Polar Bear sailed over the Estonia-Sweden cable 133 kms (82 miles) before reaching the pipeline damage site. It then crossed the Estonia-Finland cable 32 kms (20 miles) after the gas pipeline, according to MarineTraffic.

Persons: Kaja Kallas, Gasgrid, Kallas, Janne Kuusela, Andrius Sytas, Anne Kauranen, Nerijus Adomaitis, David Evans, Hugh Lawson, Emelia Organizations: Finnish Border Guard, REUTERS, Estonian, National Emergency Supply Agency, Lithuanian, Reuters, NATO, Norwegian Navy, Thomson Locations: Finland, Estonia, Baltic, VILNIUS, HELSINKI, Sweden, Hong, Kong, Tallinn, Hong Kong, Estonian, Russia, MarineTraffic, China, Vilnius, Helsinki, Oslo

☆ Finland says gas pipeline likely broken by ship dragging anchor
▼ + stars: | 2023-10-24 | by ( Essi Lehto | ) www.reuters.com time to read: +3 min

Investigators said they had now retrieved a lost anchor from the seabed location where the pipeline ruptured on Oct. 8, and were investigating whether it belonged to a Chinese container vessel. Police have previously said damage to the Balticconnector subsea gas pipeline and two Baltic Sea telecoms cables was cause by external mechanical force and were investigating whether this was a case of sabotage or caused by accident. Broad drag marks were seen on the seabed leading up to where the pipeline was broken, and the anchor was lying immediately after the damage spot. China called on Monday for an "objective, fair and professional" investigation into the pipeline damage. The incident cut pipeline gas supplies to Finland, although the country expects to manage with imports of liquefied natural gas via ship deliveries to its Inkoo port.

Persons: Investigators, Robin Lardot, Essi Lehto, Terje Solsvik, Bill Berkrot Organizations: Hong, Police, Baltic, Bureau of Investigation, NATO, Thomson Locations: Hong Kong, Finland, HELSINKI, Baltic, Gulf of Finland, China, Germany, Russia

☆ Sweden pledges more military aid to Ukraine, considers fighter jets
▼ + stars: | 2023-10-06 | by ( ) www.reuters.com time to read: +2 min

Swedish Defence Minister Pal Jonson walks to pose for a family photo with other attendees during the informal EU ministerial meeting on defence in Toledo, Spain August 30, 2023. REUTERS/Isabel Infantes/File photo Acquire Licensing RightsSTOCKHOLM, Oct 6 (Reuters) - Sweden will send Ukraine a new military support package worth 2.2 billion crowns ($199 million) - consisting mainly of artillery ammunition - and is looking into sending fighter jets, Defence Minister Pal Jonson said. But he reiterated that Sweden would for domestic security reasons need to become member of NATO before it would be able to potentially spare any fighter jets. The new military aid package will be Sweden's 14th to Ukraine since Russia's invasion, taking the total value of the Nordic country's such aid to just over 22 billion crowns. "It is now important that more countries step up to support Ukraine."

Persons: Pal Jonson, Isabel Infantes, Jonson, Jas, Volodymyr Zelenskiy, Anna Ringstrom, Louise Breusch Rasmussen, Essi Lehto, Philippa Fletcher Organizations: Swedish, REUTERS, Rights, NATO, Thomson Locations: Toledo, Spain, Rights STOCKHOLM, Sweden, Ukraine, Turkey, Hungary, Granada, Russia, Europe, U.S, Copenhagen

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