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Search resuls for: "Scandinavia"


8 mentions found


Here's how the workforce will change in the coming decades: MIT report
  + stars: | 2020-11-24 | by ( Annie Nova | ) www.cnbc.com sentiment -0.97   time to read: +2 min
Half of the jobs in industrialized countries could, one day, be taken over by robots. Real wages haven't increases much since the 1970s, and most of the increases have been concentrated among White workers. CNBC spoke with Elisabeth Reynolds, the executive director of MIT's Work of the Future Task Force, about its new 92-page report on technology and the labor force. What are some of the new jobs that we could see, going into the future, that don't exist now? We'll have a whole new suite of maintenance workers who will work on new autonomous vehicles that are emerging.
Persons: Elisabeth Reynolds Organizations: Massachusetts Institute of Technology, Finance, CNBC, MIT's, Task Force Locations: Scandinavia, Germany
“If it’s open, I’ll definitely ski,” said Swede Max Ahlstedt, on the glacier where Zermatt offers year-round skiing. Some Swiss resorts, including Davos to the northwest, boast of “cold-fogging” equipment to blast the interiors of gondolas and “kill 99.9% of viruses, bacteria and spores in a minute”. The Swiss tourism association has even adopted “Clean & Safe” as its motto in the hope of easing tourists’ nerves. “It’d be worse if you couldn’t go to the mountains at all,” said Anne Spiegler, a German living in Zurich. Swiss resorts know that the number of guests from Britain, the Netherlands, Germany or Scandinavia will inevitably be far below the levels of a normal season as the wait for a vaccine stunts cross-border travel.
Persons: , Swede Max Ahlstedt, , Anne Spiegler, Jean, Francois Paschoud, Romy Biner, Hauser Organizations: Zermatt Locations: ZERMATT, Switzerland, Zermatt, France, Italy, Austria, Germany, Cervinia, Swiss, Davos, Zurich . Swiss, Britain, Netherlands, Scandinavia, Zell, Mayrhofen, Europe
UK insurer RSA receives 7.2 billion pound cash takeover offer
  + stars: | 2020-11-18 | by ( Reuters Staff | ) www.reuters.com + 0.99   time to read: +1 min
LONDON (Reuters) - Britain's RSA Insurance RSA.L said on Wednesday it had received a cash offer worth 7.2 billion pounds ($9.55 billion)from Canadian insurer Intact Financial IFC.TO and Danish insurer Tryg TRYG.CO. RSA said its directors had unanimously backed the bid and recommended that shareholders vote in favour of the consortium’s offer, which the insurer had first flagged earlier this month. Best known in Britain for its More Than brand, RSA provides home, motor and commercial insurance and has large operations in Canada, Ireland and Scandinavia. If successful, the suitors would carve up RSA with Intact keeping RSA’s Canada, UK and international operations, while Tryg would take control of RSA’s Sweden and Norway businesses. Tryg would pay 4.2 billion pounds while Intact would contribute 3 billion pounds, with the overall offer representing a 51% premium to RSA’s closing share price of 460 pence on November 4.
Persons: RSA.L, Tryg, ” Morten Hübbe Organizations: RSA Locations: Britain, Canada, Ireland, Scandinavia, Sweden, Norway, Danish
LONDON (Reuters) - British insurer RSA is backing a 7.2 billion pound ($9.55 billion) cash offer from Canada’s Intact Financial and Denmark’s Tryg in one of Europe’s biggest financial takeover bids this year. Home-working has led to fewer claims on home and motor insurance while commercial insurance rates have risen sharply. Gardell added that RSA Chief Executive Stephen Hester - a former NatWest boss - had put the insurer on a better footing. Industry sources said RSA had been seeking a buyer since a 5.6 billion pound bid from Zurich Insurance collapsed in 2015. In August motor insurer Hastings agreed to be bought by Finland’s Sampo and South Africa’s Rand Merchant Investment.
Persons: Denmark’s, Tryg, , Morten Hubbe, Christer Gardell, Gardell, Stephen Hester, Hester, RSA, Finland’s Sampo, Morgan Stanley, Goldman Sachs, Robey Warshaw Organizations: RSA, NatWest, Zurich Insurance, Hastings, Finland’s, South Africa’s Rand Merchant Investment, Barclays, BofA Securities Locations: Britain, Canada, Ireland, Scandinavia, Sweden, Norway, Danish, South
LONDON (Reuters) - British insurance group RSA is backing a 7.2 billion pound ($9.55 billion) cash offer from Canada’s Intact Financial and Denmark’s Tryg in one of Europe’s biggest financial takeover bids this year. Home-working has led to fewer claims on home and motor insurance while commercial insurance rates have risen sharply. The proposed takeover would result in the break-up of the British group, with suitors carving it up between them. Tryg would pay 4.2 billion pounds while Intact would contribute 3 billion pounds, with the overall offer representing a 51% premium to RSA’s Nov. 4 closing share price of 460 pence. Industry sources said RSA had been seeking a buyer since a 5.6 billion pound bid from Zurich Insurance collapsed in 2015.
Persons: Denmark’s, Stephen Hester, ” Hester, Tryg, , Morten Hubbe, Christer Gardell, Gardell, Hester, RSA, Finland’s Sampo, Morgan Stanley, Goldman Sachs, Robey Warshaw Organizations: RSA, NatWest, Tryg, Zurich Insurance, Hastings, Finland’s, South Africa’s Rand Merchant Investment, Barclays, BofA Securities Locations: Britain, Canada, Ireland, Scandinavia, Sweden, Norway, Danish, South
LONDON (Reuters) - Canada's Intact Financial IFC.TO and Denmark's Tryg TRYG.CO on Wednesday said they had reached an agreement to buy British insurance group RSA RSA.L for 7.2 billion pounds ($9.6 billion) in cash in one of Europe's biggest financial takeovers this year. FILE PHOTO: The logo of British insurance group RSA outside its London offices, December 13, 2013. Intact would gain RSA’s Canada, UK and international operations while Tryg would take the Sweden and Norway businesses. Intact CEO Charles Brindamour told reporters his company would invest in RSA’s UK operations and that job losses in the UK and Canada would be capped at 2%. Any buyer of the UK business also needed to win over the trustees of its UK pension schemes, they said.
Persons: TRYG.CO, Toby Melville, Stephen Hester, Hester, Tryg, Charles Brindamour, Morten Hubbe, RSA, Zurich Insurance ZURN.S, Hastings HSTG.L, Finland's Sampo, Morgan Stanley MS.N, Goldman Sachs GS.N, Robey Warshaw Organizations: RSA, REUTERS, NatWest, de, Plan Investment Board, Ontario Teachers, Tryg, Industry, Zurich Insurance, Hastings, Finland's, South Africa's Rand, Investment, Barclays BARC.L, BofA Securities Locations: London, Britain, Canada, Ireland, Scandinavia, Sweden, Norway, Danish, South, Toronto, Copenhagen
UK insurer RSA receives £7.2 billion cash takeover offer
  + stars: | 2020-11-18 | by ( ) www.cnbc.com + 0.99   time to read: +2 min
British insurer RSA has received a £7.2 billion ($9.55 billion) cash offer from Canada's Intact Financial and Denmark's Tryg, it said on Wednesday, in one of Europe's biggest financial takeover bids this year. RSA said its directors had backed the bid unanimously and recommended that shareholders vote in favor of the consortium's offer, which the insurer first flagged earlier this month. If successful, the suitors would carve up RSA, with Intact keeping RSA's Canada, U.K. and international operations while Tryg would take control of its Sweden and Norway businesses. Tryg would pay £4.2 billion while Intact would contribute £3 billion, with the overall offer representing a 51% premium to RSA's Nov. 4 closing share price of 460 pence. Gardell added that RSA Chief Executive Stephen Hester — a former boss of NatWest — had put the insurer on a better footing.
Persons: Denmark's, Tryg, Morten Hubbe, Christer Gardell, Gardell, Stephen Hester —, NatWest —, Hester Organizations: RSA, Cevian Capital, NatWest Locations: Britain, Canada, Ireland, Scandinavia, Sweden, Norway, Danish
Timeline: Norwegian Air's rise and battle for survival
  + stars: | 2020-11-09 | by ( Reuters Staff | ) www.reuters.com + 0.00   time to read: +4 min
FILE PHOTO: Passengers board a Norwegian Air plane in Kirkenes, Norway October 26, 2019. May 18: Norwegian Air completes a cut-price share sale and wins bondholders’ backing for a refinancing, allowing it to continue operating with a slimmed-down schedule. March 12: Norwegian grounds its Boeing 737 MAX 8 jets after a fatal crash of an Ethiopian Airlines 737 MAX. In total, the planes are worth 127 billion Norwegian crowns. 2002Sept. 1: Norwegian Air Shuttle (NAS) rebrands as Norwegian and starts operating with Boeing 737-300 planes.
Persons: Jacob Schram, Schram, Bjoern Kjos, IAG Organizations: Reuters, Norwegian, Norwegian Air, REUTERS, McKinsey, Norwegian Finans, Airbus, Boeing, Ethiopian Airlines, International Consolidated Airlines Group, British Airways, IAG Group, MAX, Oslo Stock Exchange, Norwegian Air Shuttle, rebrands, Braathens, NAS, Fokker Locations: Oslo, Norwegian, Kirkenes, Norway, Edinburgh, New York, Scandinavia, West Coast
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