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☆ Fisker warns staff they could get laid off in 2 months
▼ + stars: | 2024-04-29 | by ( Grace Kay | ) www.businessinsider.com time to read: +3 min

Fisker warned staff of potential layoffs in two months, according to 3 employees and an email viewed by BI. Fisker announced a 15% staff cut earlier this year. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementFisker sent staff a notice on Monday telling them they could be laid off from the company in two months, according to 3 employees and an email viewed by Business Insider. AdvertisementThe three current employees told BI that everyone they had spoken to at Fisker said they had received the notice.

Persons: Fisker, —, Henrik Fisker Organizations: BI, Service, Business, Worker Locations: Manhattan Beach , California, La Palma , California, Munich, Vienna

☆ It's already hard to get your Fisker fixed. Bankruptcy could make it impossible.
▼ + stars: | 2024-04-27 | by ( Grace Kay | Nora Naughton | ) www.businessinsider.com time to read: +6 min

AdvertisementBusiness Insider spoke with seven Fisker Ocean owners who shared their anxieties about what will happen to their cars if Fisker is no more. AdvertisementSome Fisker owners said they are already struggling to get service and parts. Three Fisker ocean owners described instances where the vehicle was bricked for days after their 12-volt battery died. What Fisker's failure would mean for its competitorsIf Fisker files for bankruptcy, there are likely to be ripple effects for other EV startups, Fiorani said. "If Fiskers start falling off the side of the road in the next few months because there's no one to update them, that's going to put fear into a lot of electric vehicle owners — not just Fisker owners," Fiorani said.

Persons: —, Henrik Fisker teeters, Sam Fiorani, Kurt Mechling, Mechling, Fisker, Chris Salvo, Salvo, Henrik Fisker, Mario Anzuoni, Fiorani, Patrick Burrell, Tesla Organizations: Service, Business, AutoForecast Solutions, BI, Reuters, EV Locations: California

☆ Fisker tells employees that 4 automakers are in talks to buy the struggling startup
▼ + stars: | 2024-04-25 | by ( Grace Kay | ) www.businessinsider.com time to read: +1 min

Fisker is in talks with four automakers for possible acquisition, according to CEO Henrik Fisker. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementFisker CEO Henrik Fisker told staff during an all-hands meeting on Thursday that the company was in talks with four automakers for a potential buyout, according to a recording of the event viewed by Business Insider. "We still have some time to get other offers on Fisker," he told staff on Thursday. This story is available exclusively to Business Insider subscribers.

Persons: Fisker, Henrik Fisker, — Organizations: Service, Business Locations: Fisker

He was a model to me of artistic labor and discipline, even if those early paintings were painfully amateurish. The painting followed me from Amherst to my first job in New York, and on to London and Delhi. IT WASN’T MY intention to start an essay about artistic beginnings with a story of artistic death. I’m especially moved by those first moments of validation by which an artist comes out to himself, as it were. It’s this, the inexorability of the correspondence between an artist and the world, that gives those first steps their magical quality.

Persons: Naipaul, Neil Shah, James Wood —, Zack, who’d, ”, Artemisia Gentileschi, Susanna, Elders ”, I’m, ” Gustave Flaubert, “, ” Zack, it’s, Bruce Chatwin, Paul Gauguin, Salman Rushdie, Somerset Maugham, Kathryn Bigelow, Philip Glass, Arundhati Roy, Booker, Joseph Conrad, Conrad, Jacques, ” Conrad, brimming, ’, ’ ”, Clarice Lispector, Benjamin Moser, ” Lispector, Maugham, eludes, Jan van Kessel, Elder, — Pieter Bruegel, —, Rebecca West —, “ Black Lamb, J.R, Hammond, Wells, Rebecca West ”, sloughed, Henrik Ibsen’s, Rosmersholm ”, Karan Mahajan, Salman Toor, what’s, ” Hemingway, Anoushka Shankar, Ravi Shankar, Harold Bloom, Ravi, Uday, René Daumal, Rasa ”, ” Anoushka, Norah Jones, Norah, I’ve, “ Raphael, Rachel Cusk, Italy ”, Perugino, Raphael, Cusk, J.M, Samuel Beckett, Gabriel García Márquez, Thomas Pynchon’s, James Joyce, Michelangelo, Leonardo da Vinci, Marcel Proust’s, Fyodor Dostoyevsky, Read, Emma Kehlbeck, Quinton Kamara Organizations: Amherst College, Elders, Fayerweather, ”, Google, Sunday Times, Somerset, Yugoslavia, The, “, . Locations: Delhi, ”, Massachusetts, Italian, Topeka, Kan, Amherst, New York, London, Patagonia, New Delhi, Torrens, Cambridge, Polish, Ukrainian, Brazil, Flemish, Victorian England, “ H.G, Fairfield, United States, “, East, Lahore, Europe, America, Texas, Side, Manhattan, India, Italy

He was a model to me of artistic labor and discipline, even if those early paintings were painfully amateurish. IT WASN’T MY intention to start an essay about artistic beginnings with a story of artistic death. No one captured the massive cultural and economic disparities of my life in Delhi (and his in Lahore) like Toor. But quite unbeknown to me, Toor’s life in New York had opened up a new vein of material. Not everyone who sees a Michelangelo can go off and paint a Michelangelo.”THERE ARE SO many ways to begin.

☆ Fisker Ocean reservation cancellations top 40,000 as the EV company tries to fight off bankruptcy, leaked data shows
▼ + stars: | 2024-03-28 | by ( Grace Kay | ) www.businessinsider.com time to read: +4 min

More than 40,000 out of well over 70,000 reservations for the Fisker Ocean have been canceled to date, according to internal company metrics viewed by Business Insider. The reservation cancellations pose an issue for the company, representing potential sales slipping away during a time when the company desperately needs to generate more revenue. The company said a reservation "will hold your approximate spot in our order queue to purchase your Fisker EV." Related storiesThe company also has a few thousand order cancellations, according to the data viewed by BI, which are different than reservations and not fully refundable. The Fisker CEO and Danish car designer's previous startup, Fisker Automotive, filed for bankruptcy protection in 2013.

Persons: —, Fisker, Henrik Fisker's Organizations: Service, Business, BI, Fisker Automotive

☆ You can buy this electric luxury SUV for $25,000 right now. But there might be a catch
▼ + stars: | 2024-03-27 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +3 min

CNN —For sale: A brand new luxury electric SUV for the holy-grail price of $25,000. The California-based electric SUV company Fisker faces a real possibility of bankruptcy, and its stock is hovering just over 2 cents a share, far below its 2021 peak of $28.50. Prices for Fisker’s Ocean SUV have been cut by as much 39%. His video was titled, “This is the Worst Car I’ve Ever Reviewed.”“Do not buy this version of the Fisker Ocean,” reads the video’s description. Fisker has said that problems with early versions of the vehicles’ software caused some of the negative responses.

Persons: hasn’t, Marques Brownlee, ”, Fisker, Henrik Fisker Organizations: CNN, American YouTube, Consumer, Magna Steyr, Magna Locations: California, American, Danish, United States, Europe, Austria

☆ Fisker shares halted as EV company navigates uncertain future
▼ + stars: | 2024-03-25 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +3 min

CNN —Shares of Fisker, a California-based electric vehicle startup, were halted Monday. Its sole product, the Fisker Ocean electric SUV, was produced in Austria under contract by third-party manufacturer Magna Steyr. Last year, 10,000 SUVs were produced but, in its earnings report, the company said only about half had been delivered to customers. The video was titled, “This is the Worst Car I’ve Ever Reviewed.”“Do not buy this version of the Fisker Ocean,” reads the video’s description. But, besides its own quality issues, Fisker had to deal with much greater competition from established automakers than had existed when the company was established.

Persons: Fisker’s, Fisker, Henrik Fisker, Marques Brownlee, ” Organizations: CNN, Reuters, Nissan, Magna Steyr, Mercedes, BMW, EV, American YouTube, Consumer, Automotive News, Hyundai, Kia, Ford, General Motors Locations: California, Alaska, Austria, Ohio, American

☆ These executives say psychedelics like LSD and MDMA made them better managers — and transformed how they think about fulfilling work
▼ + stars: | 2024-03-21 | by ( Rachel Nuwer | ) www.businessinsider.com time to read: +13 min

Siskind is one of a growing number of entrepreneurs and executives seeking out psychedelics — including LSD, psilocybin mushrooms, ayahuasca, and MDMA — for work-related inspiration and guidance. AdvertisementA Manhattan psychedelic sound bathSarah Rose Siskind says one year after her psychedelic-induced revelation, work is going better than ever. When Siskind arrived at work on Monday, she called a staff meeting to share the company's new value-oriented direction. While Zillmer's breakthroughs came in Peru and with ayahuasca, these types of retreats for business professionals are popping up all over and with a variety of psychedelics. Beyond bottom linesThe location where Kiyumí Retreats will host a psychedelic retreat for business professionals later this year.

Persons: —, Sarah Rose Siskind, she'd, I'd, psychedelics, Steve Jobs, Mike Bryk, Siskind, David Luke, psychedelics Henrik Zillmer, Michael Costuros, Henrik Zillmer, Zillmer, It's, John Gilmore, Gilmore, Gül, Dölen, Isabel Wiessner, AirHelp, Kiyumí, Bennet Zelner, Zelner, they'd, John Allison, Allison Organizations: Service, Business, University of Greenwich, Sun Microsystems, University of California, Federal University of Rio, University of Maryland Locations: New York City, Silicon, Peru, Mexico, Noho, Manhattan, Bay, London, Berlin, Berkeley, Federal University of Rio Grande de Norte, Brazil, Netherlands, Brooklyn

☆ Review: With Jeremy Strong, ‘An Enemy of the People’ Is Still Making Trouble
▼ + stars: | 2024-03-18 | by ( Jesse Green | ) www.nytimes.com time to read: +1 min

Dissent is necessary to democracy, sure. That’s the fundamental question posed by Henrik Ibsen’s “An Enemy of the People” — and, in highly dramatic fashion, by the preview I attended of its latest Broadway revival. Surely not the Ibsen, which aligns closely with their views and is a distant source of them. (The play was first performed, as “En Folkefiende,” in 1883.) Nor does it make sense that they would object to Sam Gold’s crackling and persuasive production, which drove those views home despite having to regroup once the protesters were ejected.

Persons: Henrik Ibsen’s “, ” —, Jeremy Strong, Ibsen, Sam Gold’s crackling, ”, Amy Herzog, Strong, Thomas Stockmann Locations: —, ”

☆ The Players Championship 2024: How to watch Scottie Scheffler’s bid to make history at golf’s ‘fifth major’
▼ + stars: | 2024-03-14 | by ( Jack Bantock | ) edition.cnn.com time to read: +6 min

3 Jon Rahm given LIV Golf players are absent from the PGA Tour’s flagship tournament. Yet while no stars from LIV Golf will be represented in Florida, the presence of the Saudi-backed venture has loomed large over the 50th edition of golf’s ‘fifth major.’World No. Speaking ahead of The Players Championship, Monahan had said long-running reconciliation talks with LIV Golf were “going to take time” but “accelerating.”How can I watch The Players Championship? PGA Tour Live – which includes coverage of featured holes and groups – is available exclusively to those with ESPN+. Michael Reaves/Getty ImagesThe absence of any LIV Golf players means three of the world’s top-50 ranked players are missing; Rahm (3), Tyrrell Hatton (16), and Brooks Koepka (31).

Persons: Scottie, Jon Rahm, LIV, golf’s, Xander Schauffele, Jay Monahan, ”, Monahan, LIV Golf, Jared C, Tilton, –, Arnold Palmer, Rory McIlroy, teeing, Nick Dunlap, Dunlap, Matthieu Pavon, Jake Knapp, Austin Eckroat, Orlando Ramirez, Tiger Woods, ” Woods, Woods, Michael Reaves, Rahm, Tyrrell Hatton, Brooks Koepka, Cameron Smith, Phil Mickelson, Sergio Garcia, Henrik Stenson, “ You’ve, ” Monahan, “, ” Rahm, I’m, ” Scheffler, Scheffler Organizations: CNN, PGA Tour’s, PGA, NBC, ESPN, Sky Sports, Getty, TPC, Arnold Palmer Invitational, American Express, November’s Locations: Florida, Saudi, United Kingdom, that’s

☆ EV maker Fisker’s stock dives after company reportedly explores bankruptcy
▼ + stars: | 2024-03-13 | by ( Samantha Delouya | ) edition.cnn.com time to read: +2 min

CNN —Electric vehicle company Fisker’s stock plunged more than 40% in after-hours trading on Wednesday as investor concern about the company’s ability to stay in business intensified. The Ocean is built in Austria by Magna, a company that has also built vehicles for Mercedes-Benz, BMW and Jaguar. Brownlee’s video has racked up more than 4.5 million views so far and sent the stock plunging after its release. Fisker’s stock was trading at 32 cents a share at the close of trading Wednesday, a more than 80% decline since the start of 2024. Fisker is founder Henrik Fisker’s second car company.

Persons: Fisker, Marques Brownlee, madeh, ”, Henrik Fisker’s, Hurricane Sandy Organizations: CNN —, Wall Street, Magna, Mercedes, Benz, BMW, YouTube, Fisker Automotive, Hurricane Locations: Austria, American

☆ EV maker Fisker says it may go out of business
▼ + stars: | 2024-03-01 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +2 min

New York CNN —Fisker, the electric vehicle company founded by auto designer Henrik Fisker, announced in its fourth quarter earnings Thursday that it might not have enough money to survive another year. The company is in discussions with an existing investor about possibly putting more money into the company, the EV maker said in its announcement. Last year, Magna produced more than 10,193 Fisker SUVs, but fewer than half of those were delivered to customers within the calendar year, the company announced. Fisker is founder Henrik Fisker’s second car company. His first, Fisker Automotive, produced a plug-in hybrid luxury car called the Fisker Karma.

Persons: New York CNN — Fisker, Henrik Fisker, Fisker, Henrik, Henrik Fisker’s Organizations: New, New York CNN, Magna, Mercedes, Benz, BMW, Fisker Automotive Locations: New York, Austria, Europe, Hurricane

☆ What Happens When TikTok Is Your Marketing Department
▼ + stars: | 2024-02-11 | by ( David Segal | ) www.nytimes.com time to read: 1 min

In 2018, The Pink Stuff was little more than a home cleaning product with a cute name. “The miracle cleaning paste,” as it said on every container, was sold by just two retail chains in Britain. At a factory near Birmingham, The Pink Stuff line operated for about two hours every month. “It was a brand with a lot of uses,” said Henrik Pade, a managing director at Star Brands, the company behind the product. “But nobody used it.”

Persons: ”, Henrik Pade Organizations: Star Brands Locations: Britain, Birmingham

☆ Navigating the energy transition
▼ + stars: | 2024-01-25 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNavigating the energy transitionCNBC's Steve Sedgwick speaks to Marco Alvera, CEO at TES, Vaishali Sinha, co-founder at ReNew, Alfred Stern, CEO at OMV, Bold Baatar, CEO at Rio Tinto Copper, and Henrik Andersen, CEO at Vestas.

Persons: Steve Sedgwick, Marco Alvera, Vaishali Sinha, Alfred Stern, Henrik Andersen Organizations: TES, Vaishali, Rio Tinto Locations: Rio, Vestas

As Norway’s higher education minister, Sandra Borch was responsible for making sure that students played by the rules. When one of those students was acquitted of the offense of plagiarism, Ms. Borch appealed, taking the case to the nation’s Supreme Court. So it shocked the country when, just a few days later, Ms. Borch had to resign after it emerged that parts of her master’s thesis seemed identical to other reports that she had not referenced. “When I wrote my master’s thesis around 10 years ago, I made a big mistake,” Ms. Borch said at a news conference on Friday, when she stepped down. “I took text from other assignments without stating the sources.”The person who uncovered Ms. Borch’s misdeeds was Kristoffer Rytterager, a 27-year-old student in Oslo, who said he got “a bit pissed” that the minister went after an individual student for what he considered a minor mistake, and decided to look into the minister’s own academic work.

Persons: Sandra Borch, Borch, Ms, “, Kristoffer Rytterager Locations: Oslo

☆ Will leaders stay focused on the green agenda? Watch CNBC’s Sustainable Future Forum from Davos 2024
▼ + stars: | 2024-01-25 | by ( Cnbc.Com Staff | ) www.cnbc.com time to read: +2 min

CNBC's "Sustainable Future Forum" returned as a special event live from the 54th Annual Meeting of the World Economic Forum in Davos, Switzerland. CNBC convened top policymakers and business leaders to evaluate the outcomes of COP28 and examine what needs to happen in 2024 to ensure pledges are upheld, and progress is made. This panel examines what needs to happen to stay on course. watch nowNavigating the Energy TransitionCOP28 climate summit reached a historic deal to transition away from fossil fuels but did the agreement go far enough? Guests on the panel included: Marco Alvera, CEO, TES Vaishali Sinha, co-founder, ReNew Alfred Stern, CEO, OMV Bold Baatar, CEO, Rio Tinto Copper Henrik Andersen, CEO, Vestas

Persons: Badr Jafar, Daniel F, Feldman, John Kerry, Biden Rachel Kyte, Sanda Ojiambo, Tania Bryer, Kofi Annan, Marco Alvera, TES Vaishali Sinha, Alfred Stern, OMV, Rio Tinto Copper Henrik Andersen, Vestas Organizations: Economic, CNBC, Crescent Petroleum, Business, Philanthropy, Conference of, UN, Partner, Staff, Initiative, Energy, TES Vaishali, Rio Tinto Copper Locations: Davos, Switzerland, Dubai, Covington, Rio

☆ New blood test that screens for Alzheimer’s may be a step closer to reality, study suggests
▼ + stars: | 2024-01-22 | by ( Jacqueline Howard | ) edition.cnn.com time to read: +11 min

Alzheimer’s disease, a brain disorder that affects memory and thinking skills, is the most common type of dementia, according to the National Institutes of Health. “A blood test being negative speeds up the investigation for other causes of the symptoms and this is just as important,” Ashton said. Isaacson, who has researched blood biomarkers in people with no or minimal cognitive complaints, likened testing blood samples for signs of Alzheimer’s disease to how people undergo routine blood tests for high cholesterol. It is possible that currently available treatments for Alzheimer’s disease would work better in those diagnosed early in this way,” he said. The combination of a simple screening test with an effective treatment for Alzheimer’s disease would have a dramatic impact for individuals and for society.”

Persons: ” Nicholas Ashton, Ashton, ”, Kaj Blennow, Henrik Zetterberg, antiamyloid, immunoassay, ” Ashton, Richard Isaacson, ” Isaacson, Isaacson, ‘, “, Dr, Sanjay Gupta, David Curtis, ” Curtis Organizations: CNN, University of Gothenburg, National Institutes of Health, Quest Diagnostics, Alzheimer’s, Alzheimer’s Association, Get CNN, CNN Health, University College London, Science Media Locations: Sweden, United States, Wisconsin, Pau, Florida

These findings are consistent with Ms. Edmondson’s research on the performance advantages of “psychological safety,” the cultural underpinning of inclusion. More diversity is not always better – from a performance standpoint, diversity without the inclusion can actually make things worse. Among other payoffs, organizations that get inclusion right at scale seem to be smarter, more innovative and more stable. It can be tempting to put in place superficial fixes to achieve the optics of inclusion — a primary concern of D.E.I. It is not to scale back investments in inclusion, which would restrict our ability to build healthy, dynamic organizations.

Persons: Erik Larson’s, Larson, you’ve, Amy Edmondson, Mike Roberto, Edmondson, Henrik Bresman Organizations: Harvard Business School, Everest

The church service came exactly a week after Frederik, 55, was proclaimed king after his 83-year-old mother Margrethe signed her abdication during a meeting with the government. “I chose some of the hymns we’re going to sing, and the king said, I would like to sing these hymns.”The hour-long service marked Frederik’s first official visit as king outside the Danish capital Copenhagen. “I think he’s going to be a king of the people,” said Aarhus resident Charlotte Houman. “I think he’s gonna embrace the people ... he’s going to be different in is his way of ruling. I think he’s going to be not too much top down, but he’s gonna be embracing the people, different kinds of people.

Persons: —, King Frederik X, Queen Mary, Queen Margrethe, Denmark’s, Frederik, Margrethe, Christina Elmstroem, ”, Henrik Wigh, Poulsen, “, Charlotte Houman Organizations: Aarhus Cathedral, Aarhus, Associated Press, Police, Charlotte Locations: AARHUS, Denmark, Aarhus, Danish, Copenhagen

☆ Vestas CEO: 'Permitting is one of the critical questions' surrounding the energy transition
▼ + stars: | 2024-01-17 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailVestas CEO: 'Permitting is one of the critical questions' surrounding the energy transitionHenrik Andersen, CEO of Vestas, discusses the wind energy sector and hurdles that the green energy industry is facing.

Persons: Henrik Andersen

☆ Crown Prince Frederik: Who is the new King of Denmark?
▼ + stars: | 2024-01-13 | by ( Lauren Said-Moorhouse | ) edition.cnn.com time to read: +9 min

CNN —He’s been known as the Crown Prince of Denmark since the age of three, but on Sunday, he will leave Copenhagen’s Christiansborg Palace as King Frederik X, sovereign of Europe’s oldest monarchy. Denmark's Crown Prince Frederik will take over from his mother, Queen Margrethe II, when she formally steps down as monarch on Sunday. His forename was chosen in line with the Danish royal custom of the heir apparent being named either Frederik or Christian. Crown Prince Frederik began his military education in 1986 in the Queen's Life Guard Regiment. “Crown Prince Frederik is a much more informal person than his mother,” said historian Lars Hovbakke Sørensen.

Persons: CNN — He’s, Prince of, King Frederik X, Queen Margrethe II, Danes, Margrethe, Britain’s Queen Elizabeth II, Denmark’s, Prince Frederik, Hasse Nielsen, “, ” Birgitte Borup, Berlingske, “ Queen Margrethe, Borup, Frederik, ”, Frederik André Henrik Christian, Prince Henrik, Christian, Prince Joachim, Joergen Jessen, Ritzau Scanpix, Frederik Henriksen –, Frederik –, –, “ Pingo, Ida Marie Odgaard, King Charles III, Lars Hovbakke Sørensen, Trine Villemann, ” Chance, Mary Elizabeth Donaldson, Mary didn’t, Mary, VII's, Queen, ’, John Donaldson, Susan Moody, Ian Waldie, Isabella, Vincent, Josephine, Queen Margrethe, Villemann, Frederik ”, Princess, Wales, she’s Organizations: CNN’s Royal, CNN, Life Guard Regiment, Getty, Aarhus University, Harvard, UN, Danish, Frogman Corps, International Olympic, Copenhagen Cathedral Locations: Prince of Denmark, Copenhagen’s, Europe’s, Danish, Copenhagen, Normandy, France, AFP, Paris, New York, Greenland, Denmark, Faroe Islands, “, Sydney, Australia

Jesse Green’s Best Theater | Unforgettable ExperiencesJESSE GREENYear of the DramedyIf 2023 was a tragedy in the world, on New York stages it was a dramedy year, highlighted not only by serious plays with great jokes, but also by flat-out comedies with dark underpinnings. Its residents included an unemployed man in his 50s, his barely-holding-on mother, a pregnant woman, two refugees — and us. Seated adjacent to the facility’s dingy common room, we became, in the playwright’s own staging, fellow residents. But if the others eyed us like we might steal a precious sandwich, we could blithely leave when the play was over. The New York Theater Workshop audience, too, learned a great deal, as the questions bedeviling so many relationships — the complexity of consent and the meaning of control — played out before us in this perfectly timed hot-button play.

Persons: Jesse Green’s, Alexander Zeldin, ”, Henrik Ibsen, Jessica Chastain, Nora, Jamie Lloyd’s, Amy Herzog, Chastain, Liliana Padilla, —, gorgeously, Rachel Chavkin, Steph Paul Organizations: Armory, Zeldin, bros, New York Locations: New York, York City, Norway, New York City

☆ Investors spy value in cheap Finnish stocks after China and Russia pain
▼ + stars: | 2023-11-29 | by ( Danilo Masoni | ) www.reuters.com time to read: +4 min

Finnish stocks are Europe's biggest laggards this year, as risks stemming from tensions with Russia and concerns over China's stuttering recovery have hurt its exporters. The top 25 stocks in Helsinki are worth a combined $150 billion. The OMX Helsinki 25 (.OMXH25) has lost 10% this year, versus the STOXX 600's (.STOXX) 8% rally. "Finnish stocks are attractively valued and a lot of bad news is priced in," Alava said. "If the European economy recovers in 2024 as I expect, Finnish cyclical stocks should recover too... this could be a good time for long-term investors to increase holdings".

Persons: Finland's, Tomas Hildebrandt, EVLI, Hilderbrant, Hertta Alava, Henrik Ehrnrooth, Schindler, Nordea's Alava, LSEG, Danilo Masoni, Christina Fincher Organizations: OMX Helsinki, STOXX, Nordic, Novo Nordisk, Deutsche Bank, NATO, Russia, Zurich, Otis, Metsa Board, Thomson Locations: Russia, Helsinki, Finland, Europe, China, Ukraine, U.S, French, OMX Helsinki, Alava

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