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It is aiming to be the first high-income country to reach net zero emissions in 2035 and net negative by 2040. Denmark, which the World Happiness Report recognized as the world's second-happiest country, is targeting net zero by 2045 — and net negative by 2050. Thierry Monasse | Getty Images News | Getty ImagesDanish Climate Minister Lars Aagaard said the need for negative emissions was clear. He added that Denmark's ability to achieve net negative emissions would hinge upon policies implemented over the next five to seven years. Sopa Images | Lightrocket | Getty Images
Persons: Sergei Gapon, Thierry Monasse, Lars Aagaard, Denmark's Aagaard, , Stefano Guidi, Donald Trump, Joe Biden, Trump, Biden, Kai Mykkänen, Mykkänen, Moscow … Organizations: Afp, Getty, Atlantic ., Agriculture Ministers, CNBC, Lars Aagaard Danish Climate, United Arab Emirates, Union, Nationalist, Former U.S, Finnish Climate Locations: Copenhagen, Denmark, Atlantic, Atlantic . Finland, Finland, Brussels, Belgium, Lars Aagaard Danish, Panama, Europe, Germany, France, Turin, Italy, U.S, November's, Paris, Finnish, Helsinki, Montreal, Beijing, Moscow, of Finland, Neva Guba
In April 2022, soon after Russia invaded Ukraine, two men arrived at the library of the University of Tartu, Estonia’s second-largest city. They told the librarians they were Ukrainians fleeing war and asked to consult 19th-century first editions of works by Alexander Pushkin, Russia’s national poet, and Nikolai Gogol. Police are now investigating what they believe is a vast, coordinated series of thefts of rare 19th-century Russian books — primarily first and early editions of Pushkin — from libraries across Europe. Since 2022, more than 170 books valued at more than $2.6 million, according to Europol, have vanished from the National Library of Latvia in Riga, Vilnius University Library, the State Library of Berlin, the Bavarian State Library in Munich, the National Library of Finland in Helsinki, the National Library of France, university libraries in Paris, Lyon and Geneva, and from the Czech Republic. The University of Warsaw library was hardest hit, with 78 books gone.
Persons: Estonia’s, Alexander Pushkin, Russia’s, Nikolai Gogol, Eager, Krista Aru, , , Pushkin Organizations: University of Tartu, Police, National Library of Latvia, Vilnius University Library, State Library of Berlin, Bavarian State Library, National Library of Finland, National Library of France, The University of Warsaw Locations: Russia, Ukraine, United States, Europe, Riga, Munich, Helsinki, Paris, Lyon, Geneva, Czech Republic
Read previewThis as-told-to essay is based on a transcribed conversation with Samu Hällfors, the CEO of Framery in Helsinki. AdvertisementAs the CEO of a company in the world's happiest country, I mirrored my company's values and policies with many of the Finnish cultural aspects I admire. Mutual responsibility makes people feel safeThere are multiple parallels between Finnish society and how we've built culture at Framery, starting with psychological safety. Finnish culture is deeply rooted in forward-thinking and preparation, stemming from their historical need to brace for harsh, protracted winters. Teams can decide when they want to come into the office and how they plan to execute their work.
Persons: , Samu Hällfors, Framery Organizations: Service, Framery, Logia Software Oy, Business Locations: Helsinki, Framery, Finland
Others took evening walks in the city and shared the bright orange scenes on social media. A low-pressure system over northern Africa swept dust over Cyprus several times in mid-April, “darkening skies and reducing air quality,” NASA said Tuesday. Dust was expected to continue to cross the Mediterranean, impacting both Cyprus and Greece over the next several days, NASA said. People cross a snow covered railway in Helsinki, Finland, on April 23, 2024, as an unusual weather system brought trams in the city to a halt. Photos showed Helsinki residents walking through thick snow and ice, carrying umbrellas under heavy snowfall, and tall clusters of snow piled up on sidewalks, cars and scooters.
Persons: Alessandro Rampazzo, Johannes Laitila, Finavia, ” Finavia, , Antti Vigelius Organizations: CNN, NASA, Anadolu Agency, Getty, YLE, Helsinki Airport, Johannes Locations: Greece, Africa, Athens, Cyprus, Helsinki, Finland, Europe
The ECB opted to hold rates steady in April and next meets to vote on monetary policy on June 6. Christine Lagarde, president of the ECBThe ECB's figurehead delivered a firm message that reflected her statements in recent press conferences: markets should expect an interest rate cut soon, barring major surprises. watch nowGabriel Makhlouf, governor of the Central Bank of IrelandMakhlouf said the most recent data sets had shifted his view on rates. "We don't follow the Fed... and now the ECB will be the central bank to be followed," Šimkus said. One could have cut rates way back in March or even April," he continued, adding that he hoped a majority of Governing Council members would back a June cut.
Persons: Kirill Kudryavtsev, Christine Lagarde, Lagarde, CNBC's Sara Eisen, Galhau, Villeroy, Karen Tso, Joachim Nagel, Germany's, Nagel, Robert Holzmann, Mario Centeno, Centeno, Gabriel Makhlouf, Central Bank of Ireland Makhlouf, we've, Makhlouf, Pierre Wunsch, Wunsch, Boris Vujčić, Jerome Powell, Vujčić, Gediminas Šimkus, Bank of Lithuania Šimkus, Šimkus, Edward Scicluna, Central Bank of Malta Scicluna, Kazāks, Bank of Latvia Kazāks, Olli Rehn, Rehn Organizations: Afp, Getty, International, European Central Bank, CNBC, ECB, Bank of France, Council, Austrian Central Bank One, Bank of Portugal, Central Bank of Ireland, National Bank of, Croatian National Bank, Federal, U.S, Bank of Lithuania, Central Bank of, Governing, Bank of Locations: Frankfurt, Germany, New York, ECB's, National Bank of Belgium, U.S, Europe, Central Bank of Malta, Bank of Latvia, Bank of Finland
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailECB's Olli Rehn says geopolitics poses the biggest risk to the rate outlookThe market reaction to geopolitical tensions has been muted but there is still a risk, and it could affect monetary policy, Olli Rehn, ECB policymaker and governor of the Bank of Finland, tells CNBC's Karen Tso.
Persons: ECB's Olli Rehn, Olli Rehn, Karen Tso Organizations: ECB policymaker, Bank of Finland
Tensions in the Middle East pose the biggest threat to a prospective interest rate cut from the European Central Bank, according to ECB policymaker Robert Holzmann. "At this stage, I think the biggest threat is geopolitics, because we have seen what's happened in the Middle East," Austrian central bank governor Holzmann told CNBC's Karen Tso on Wednesday. Holzmann singled out ramifications for energy prices as the single most important factor in terms of Europe's fight to tame inflation. "As summer approaches we can start reducing the level of restriction in monetary policy, provided that inflation continues to fall as projected." He recently told Reuters that the ECB could moderate rates in June, indicating a growing consensus for a near-term move.
Persons: Robert Holzmann, Holzmann, Karen Tso, policymaker Olli Rehn, Rehn Organizations: European Central Bank, ECB, International Monetary, Bank of, Brent, U.S, West Texas, Reuters Locations: Austrian, Hormuz, Iran, Israel, Russia, Ukraine, Bank of Finland, London
Former governor of the Bank of Finland discusses climate issues
  + stars: | 2024-04-05 | 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 EmailClimate 'an issue of common concern' between countries, says former governor of the Bank of FinlandErkki Liikanen, chair of trustees at IFRS and former governor of the Bank of Finland, discusses climate issues and sustainability investing.
Persons: Bank of Finland Erkki Liikanen Organizations: Bank of Finland, IFRS
Read previewRussia's economy is set to weaken this year, according to researchers from Finland's central bank. Russia won't be able to maintain the surprisingly strong growth it saw, the Bank of Finland's Institute for Emerging Economies said in a recent report. That's a stark contrast from what Russia saw last year, with its economy growing 3.6%, according to Russia's federal statistics service. Russia's long-term potential growth rate, in particular, has been reduced by the shift to a wartime economy," the report said. AdvertisementThe report pointed to three areas of the Russian economy that could take a hit.
Persons: Organizations: Service, Bank of Finland's Institute, Emerging Economies, Business, Russia, Ukraine, United Nations, Russian Academy of Science's Institute of Economics Locations: Russia, Russian, Ukraine, Moscow
Seraphine Meschberger loved concerts in Finland so much she'd fly there from Switzerland to attend. In November 2022, I decided to move to Finland for concerts and music after graduating from university. I decided to move when flights to Finland got more expensive after the pandemicWhen I visited Finland for concerts, I stayed in Airbnbs and hostels. AdvertisementI think Finland is one of the 'happiest' countries in the world and I prefer it to SwitzerlandSince moving to Finland eight months ago, I've been to 16 concerts and two music festivals. AdvertisementIn this regard, Finland is very similar to Switzerland, but I still prefer Finland.
Persons: Seraphine Meschberger, , she'd, Michael Monroe, I've, I'd, Meschberger, I'm, hasn't Organizations: Service, McDonald's, didn't Locations: Finland, Switzerland, Helsinki, Finnish, Zurich, Airbnbs, Ruisrock, Meschberger
For the last six years, Finland has been ranked the happiest country in the world. I've lived here most of my life, and as a psychologist and happiness researcher, I'm often asked: what exactly makes people in Finland so satisfied with their lives? However, research has shown that those most desperately seeking happiness tend to be less happy. 'Who has happiness should hide it'In Finland, we tend to believe that if you've found happiness, you shouldn't show it. 'The pessimist will never be disappointed'This is an old Finnish saying without any clear origin.
Persons: I've, I'm, you've, Eino Leino, It's, Charles Peirce, Faber Organizations: Nordic Locations: Finland, Helsinki, American, Rome
Kovalonoks and Goswami got married in Turku, Finland, in August 2023. We think Finland is a good place to raise childrenMegha: We rent an apartment in Turku, a few kilometers from the city center. Megha: We would like to have a family of our own someday, and we think Finland is a good place to raise children. Courtesy of QpidindiaWe think expats in Finland face unique challengesMegha: Finland has been named the happiest country in the world six times in a row in the World Happiness Report. I think Finland has several things that allow people to be content, such as work-life balance and good healthcare and education.
Persons: , Kristaps Kovalonoks, Megha Goswami, Megha, wasn't, Kristaps, Kovalonoks, Goswami, Barbara Kaucher, we're, We've, that's, I've Organizations: Service, University of Turku, Business Locations: Finland, Estonian, Latvia, India, Turku, Nordic, Riga
Finland plans to open new shooting ranges due to a surge in interest following Russia's invasion of Ukraine. The Finnish government aims to increase the number of civilian shooting ranges from 670 to about 1,000 by 2030. Since existing shooting ranges also cater to other users like hunters and the police, more facilities are required due to heavy usage. AdvertisementThere are about 670 shooting ranges for civilians in Finland — down from over 2,000 before the year 2000. Meanwhile, the Finnish defense ministry plans to "safeguard the activities of Finland's shooting ranges and promote the establishment of new shooting ranges," a spokesperson told the Guardian.
Persons: , Russia —, People shouldn't, Jukka Kopra Organizations: Nordic, NATO, Service, Yle, Finns, People, National Coalition, Guardian, Helsinki, US, Kremlin Locations: Finland, Ukraine, Russia, Moscow, Finnish
(Reuters) - Russia has suspended annual payments to the Arctic Council until "real work" resumes with the participation of all member countries, Russia's RIA state news agency reported, citing the country's foreign ministry. "At the moment, Russia's payment of annual contributions to the budget of the Arctic Council has been suspended until the resumption of real work in this format with the participation of all member countries," the ministry told RIA. Cooperation between the Western Arctic states of the intergovernmental body and Moscow came to a freeze after Russia launched its full-scale invasion of Ukraine two years ago. The Arctic Council was created in 1996 to discuss issues affecting the polar region, ranging from pollution to local economic development to search-and-rescue missions. For now, Russia does not consider leaving the Council, the foreign ministry told RIA.
Persons: Maria Zakharova, Lidia Kelly, Jacqueline Wong, Stephen Coates Organizations: Reuters, Arctic Council, RIA, Cooperation, Arctic, Council, TASS, Duma, Organization for Security Locations: Russia, Moscow, Ukraine, Finland, Norway, Iceland, Sweden, Denmark, Canada, United States, Melbourne
Haavisto conceded defeat after a projection by the Finnish public broadcaster YLE showing a win for Stubb was released Sunday night. "This has been a fair, great race," Stubb told Haavisto after the result was clear. Several polls indicated Stubb, who has also served as Finland's foreign, finance and European affairs minister, was the favorite to win the presidency. During the election campaign, Stubb and Haavisto largely agreed on Finland's foreign policy and security priorities. Haavisto was Finland's top diplomat in 2019-2023 and the main negotiator of its entry into NATO.
Persons: Alexander Stubb, Pekka Haavisto, Haavisto, Stubb, Sauli Niinistö, Volodymyr Zelenskyy, Zelenskyy Organizations: Nordic, NATO, National Coalition Party, YLE, Helsinki City Hall, Union, Washington, Kyiv, United Nations Locations: Ukraine, Finland, United States, Russia, China, Moscow, Europe
He said he agreed with his predecessor Sauli Niinisto "who said that we need a more European NATO". He would be "a Western president in many ways" and lean towards the United States, Britain and Nordic neighbours when it came to setting the tone of foreign policy, he told Reuters. "My starting point is, paraphrasing (European Central Bank President) Mario Draghi, whatever it takes," Stubb said. During his election campaign Stubb said Finland should be an active NATO member and seek to have some NATO troops stationed on its territory. Stubb is a keen amateur athlete and triathlon champion - though he has said he will cut down on sport once he becomes Finland's 13th president.
Persons: Anne Kauranen, Alexander Stubb, Sauli Niinisto, Mario Draghi, Stubb, Johanna Vuorelma, Vuorelma, Markku Jokisipila, Suzanne Innes, Andrew Heavens Organizations: Anne Kauranen HELSINKI, NATO, Reuters, European Investment Bank, European University Institute, Nordic, Ukraine, Central Bank, Helsinki, University of Helsinki, Finland's Centre, Parliamentary Studies, National Coalition Party Locations: Ukraine, Russia, Finland, Europe, Florence, United States, Britain, British
Finnair says that weight data helps the safe operation of flights. AdvertisementAn airline’s trial policy to ask passengers to weigh themselves before flights has sparked controversy, with critics saying it could be triggering and embarrassing. Travel journalist Yvette Caster, also interviewed by GB News, called Finnair's move to weigh passengers "fatphobic." Finnair has announced it will begin weighing passengers with their carry-on luggage to better estimate the plane's weight before take-off. Uzbekistan Airlines began weighing passengers for the same reason in 2015.
Persons: Finnair, , Hayley Hasselhoff, Yvette, Kate Staniforth, , Laura Sanders, MailOnline, “ It's Organizations: Service, GB, Travel Republic, Air, Zealand, Korean, Hawaiian Airlines, Uzbekistan Airlines Locations: Finland, British
Far from buckling under their weight, the Russian economy is in fact 1% larger than it was on the eve of the invasion. India and China now account for 90% of Russian oil exports, according to Deputy Prime Minister Alexander Novak. Noemi Cassanelli/CNNThere’s little sign that ordinary Russians have been drastically impacted by Western sanctions. Sanctions will have a long-term impact on the Russian economy, according to the European Commission. Nabiullina said the Russian economy was like a car trying to go too fast.
Persons: Vladimir Putin, Putin, Sergei Chemezov, ” Chemezov, Scott Peterson, Alexander Novak, Christine Abely, , , SWIFT, Alexei Mordashov, Noemi Cassanelli, Geoffrey Pyatt, Rachel Lyngaas, , Alexander Nemenov, Elvira Nabiullina, Nabiullina, Natalia Kolesnikova, ” Abely Organizations: CNN, Atlantic Council, Russia, West ., Shipping, Windward, Reuters, US Treasury Department, United Arab Emirates, Crime Agency, US Treasury, , Bank of, European, US, Financial Times, Russian Central Bank, Getty, Producers, International Energy Agency Locations: United States, Ukraine, Russian, Russia, Western, Sviatohirsk, Donetsk region, Asia, West, West . India, China, India, Volgograd, Turkey, UAE, Bank of Finland, Hong Kong, Europe, Egypt, Thailand, Moscow, Kazakhstan, Soviet Russia, AFP, Beijing
Polls across the country opened at 9 a.m. (0700 GMT) and will close at 8 p.m. (1800 GMT). The president also acts as the supreme commander of the Finnish military, a particularly important duty in Europe's current security environment. They are picking a successor to hugely popular President Sauli Niinistö, whose second six-year term expires in March. Recent polls suggest that former Prime Minister Alexander Stubb, 55, and ex-Foreign Minister Pekka Haavisto, 65, are the leading contenders. Advance vote results will be confirmed soon after polls close and initial results from Sunday's voting are expected by around midnight (2200 GMT).
Persons: Sauli Niinistö, Eve Kinnunen, Alexander Stubb, Pekka Haavisto, Stubb, Haavisto, Jussi Halla, Olli Rehn, Niinistö, Vladimir Putin of Organizations: Nordic, NATO, Union, National Coalition Party, United Nations, Finns, Bank of Finland, Associated Press, Green League Locations: Espoo, Finland, Russia, United States, China, Helsinki, Sunday's, Europe, Ukraine, Vladimir Putin of Russia, Nordic, Finland's, Sweden, Hungary
HELSINKI (AP) — Ex-Prime Minister Alexander Stubb was projected to win the first round of Finland's presidential election on Sunday and face runner-up Pekka Haavisto in a runoff next month. Finnish public broadcaster YLE projected that Stubb won the first round of the presidential election with 27.3% of the votes, while Haavisto, an ex-foreign minister, took second place with 25.8%. Recent polls suggest that former Prime Minister Alexander Stubb, 55, and ex-Foreign Minister Pekka Haavisto, 65, are the leading contenders. The president also acts as the supreme commander of the Finnish military, a particularly important duty in Europe's current security environment. About 4.5 million citizens were eligible to vote for Finland’s new head of state from an array of nine candidates — six men and three women.
Persons: , Alexander Stubb, Pekka Haavisto, Stubb, Jussi Halla, aho, Sauli Niinistö, , , Eve Kinnunen, Haavisto, Olli Rehn, Niinistö, Vladimir Putin of, ___ Kostya Manenkov, Sergei Grits Organizations: HELSINKI, YLE, Legal, Nordic, NATO, Union, National Coalition Party, Finns, Bank of Finland, Halla, Associated Press, Helsinki, Green League Locations: Finnish, Stubb, Finland, HELSINKI, Russia, United States, China, Helsinki, Sunday’s, Europe, Ukraine, Vladimir Putin of Russia, Nordic, Finland’s, Sweden, Hungary
Finns Choose New President for NATO Era With Russia in Mind
  + stars: | 2024-01-27 | by ( Jan. | At P.M. | ) www.usnews.com   time to read: +2 min
The Nordic country's admission to NATO last year drew threats of "counter measures" from its vast Russian neighbour. In December, Finland closed its entire border with Russia to passenger traffic in response to a surge in migrants trying to cross. Partial results are expected shortly after polls close at 1800 GMT and the competitors for the probable second round should be clear by 2030 GMT unless the results are very close. The new president will replace 75-year-old incumbent Sauli Niinisto who is required to step down after two six-year terms in office. He earned the nickname "the Putin Whisperer" during his tenure for his role in maintaining close ties with Russia, which had long been a key role for Finnish presidents.
Persons: Anne Kauranen, Alexander Stubb, Pekka Haavisto, Finns Party's Jussi Halla, Olli Rehn, Jutta Urpilainen, Sauli Niinisto, Putin, Terje Solsvik, Philippa Fletcher Organizations: Anne Kauranen HELSINKI, NATO, Nordic, Moscow, Finnish Defence Forces, Green Party, Finns, Bank of Finland, Social Democrat European Locations: Finland, Ukraine, Russia, Helsinki, Oslo
Unlike in most European countries, the president of Finland holds executive power in formulating foreign and security policy, particularly when dealing with countries outside the European Union like the United States, Russia and China. “Clearly, the main task of the president is to steer foreign policy,” said Teivo Teivainen, professor of world politics at the University of Helsinki. Finland became the Western military alliance’s 31st member in April last year, much to the annoyance of Russia and President Vladimir Putin. Under the Finnish Constitution, the president decides on foreign and security policy issues together with the government. Late last year, Finland closed its border with Russia after some 1,300 migrants without proper documentation or visas arrived across the frontier just months after Finland joined NATO.
Persons: , Teivo Teivainen, , Sauli Niinistö, Alexander Stubb, Pekka Haavisto, Haavisto, Jussi Halla, Olli Rehn, Niinistö, Vladimir Putin, Teivainen, Petteri, Putin, Washington —, ” Niinistö Organizations: HELSINKI, NATO, Union, University of Helsinki, Bank of Finland, Kyiv —, Hamas, Helsinki, Washington, YLE, Nordic, Kremlin Locations: Nordic, Ukraine, Russia, United States, China, Sunday’s, Finland, Ukraine —, Moscow, Sweden, Finland’s, Finnish, Moscow , Washington, Beijing, Baltic, Vainikkala
SAINT PETERSBURG, RUSSIA - 2022/06/15: Novatek Logo seen on the St. Petersburg International Economic Forum 2022 (SPIEF 2022). (Photo by Maksim Konstantinov/SOPA Images/LightRocket via Getty Images)A fire broke out at a Baltic Sea terminal belonging to Novatek, Russia's largest liquefied natural gas producer, regional officials said on Sunday, amid reports of explosions and Ukrainian drone sightings in the area. "There were no casualties as a result of the fire at the Novatek terminal in the port of Ust-Luga. St. Petersburg-based news outlet Fontanka said at least two drones were spotted in the sky flying towards St. Petersburg before the terminal caught fire. That came a day after an attack on a Russian Baltic Sea oil terminal that Russian officials said was unsuccessful.
Persons: Maksim Konstantinov, Alexander Drozdenko, Drozdenko, Fontanka, Novatek Organizations: St ., Economic, Getty, Leningrad region's, Moscow, Kyiv Locations: SAINT PETERSBURG, RUSSIA, St, St . Petersburg, Novatek, Finland, Ust, Leningrad, Petersburg, Russia, Ukraine, Russia's, Bryansk, Baltic, Russian
MELBOURNE, Australia (AP) — Top-ranked Iga Swiatek rallied from 4-1 down in the third set to escape with a narrow 6-4, 3-6, 6-4 win over 2022 runner-up Collins on Thursday and advance to the third round of the Australian Open. Swiatek absorbed the sustained pressure from Collins’ powerful groundstrokes until she regained momentum and went on a match-winning five-game roll. Political Cartoons View All 253 ImagesBoth players beat past Australian Open champions in the first round. Swiatek defeated 2020 champion Sofia Kenin and Collins had a three-set win over 2016 winner Angelique Kerber. Swiatek had two match points at 15-40 in the last game but against Collins rallied, saving those and getting a game point with a trademark forehand winner deep to Swiatek’s backhand side.
Persons: Iga Swiatek, Collins, Swiatek, ” Swiatek, Sofia Kenin, Angelique Kerber, Elena Rybakina, Daniil Medvedev, Rybakina, Anna Blinkova, Medvedev, Emil Ruusuvouri, ___ Organizations: Collins Locations: MELBOURNE, Australia, Russia, Finland
Read previewThis as-told-to essay is based on a conversation with Jorge Reyes , a 27-year-old professional from Bogotá, Colombia, who moved to Finland less than a year ago. Finland was the opposite of my hometown in Bogotá, Colombia, and completely unlike my Caribbean background, where 40 degrees Celsius, beaches, and sunshine are the norm. I saw on social media that Finland was ranked one of the happiest countries in the world. Ironically, Colombia was up there on this list, but I felt I needed to experience Finland for myself. I'm sure smaller cities within Finland might not be as receptive to foreigners as the bigger cities, but they're becoming increasingly inclusive.
Persons: , Jorge Reyes, weren't, I'd, I've, I'm Organizations: Service, Business, LinkedIn, Helsinki Families Locations: Bogotá, Colombia, Finland, Helsinki, Spain, acclimate, Europe, Sweden, London, Estonia, Amsterdam, Italy, Paris
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