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☆ Goldman Sachs added these global stocks to its 'conviction' lists
▼ + stars: | 2024-07-04 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +2 min

Goldman Sachs has refreshed its lists of top global stock picks for July, adding some and removing others. The stocks are featured in the investment bank's "Conviction List - Directors' Cut" which seeks to offer investors a "curated and active" list of 15 to 25 buy-rated stocks. Stocks on the list are selected by a subcommittee designated by the bank's Investment Review Committee for each region. "The subcommittee will collaborate with each sector analyst to identify top ideas that offer a combination of conviction, a differentiated view and high risk-adjusted returns," Goldman Sachs said. The investment bank's analyst Ben Andrews expects the company's organic growth and margins to surpass consensus estimates.

Persons: Goldman Sachs, Ronald Keung, Keung, Goldman, Ben Andrews, — CNBC's Michael Bloom Organizations: bank's Investment, Tencent Holdings China, HK, Hong Kong Stock Exchange, U.S, ISS, Copenhagen Stock Exchange Locations: Asia, Pacific, Europe, Danish, U.S

☆ These 5 stocks are perfect examples of a time-tested strategy that can outperform in any market, according to a stock-picker whose ETF beat 90% of its peers in its first full year
▼ + stars: | 2024-04-30 | by ( James Faris | ) www.businessinsider.com time to read: +4 min

The Copenhagen-based firm subadvises funds like the Harbor International Compounders ETF (OSEA), which O'Reilly has co-managed since its launch in early September 2022. But despite launching less than two years ago, O'Reilly said in a recent interview that the ETF's success didn't happen overnight. "We feel the strategy that we have can work in any market environment," O'Reilly said. The ETF is more balanced when it comes to countries, as no more than 13% of its stocks are from a single nation. 5 international stocks to buy nowAfter outlining his investing strategy, O'Reilly spoke about five companies he's especially excited about now.

Persons: Peter O'Reilly, who's, O'Reilly, You've, he's, Germany — Organizations: London, Asset Management, Business, Carnegie Asset Management Locations: Ireland, Dublin, Copenhagen, France, Japan, United Kingdom, Germany

CNN —Denmark’s old stock exchange was engulfed in a massive fire on Tuesday morning, with video from the scene showing flames ripping violently through the historic building in the center of the capital. Footage showed huge plumes of black smoke billowing from the Copenhagen landmark as emergency responders worked below. Ida Marie/Ritzau Scanpix/AFP/Getty ImagesPeople salvage a painting from the old stock exchange after a violent fire broke out on Tuesday morning. Ida Marie Odgaard/Ritzau Scanpix/AFP/Getty ImagesThe old stock exchange – located only a few minutes walk from Christiansborg Palace – dates back to 1625. The Danish Chamber of Commerce, which is based in the building, described the scene as “a terrible sight.”File photograph of the Old Stock Exchange building.

Persons: CNN —, Ida Marie, Ritzau Scanpix, Ida Marie Odgaard, King Christian IV, Jakob Engel, Schmidt, Luke MacGregor, Frank Trier Mikkelsen, Mikkelsen Organizations: CNN, Getty, Danish, of Commerce, Old Stock Exchange, Bloomberg Locations: Copenhagen, AFP, Palace, Danish

☆ On the 5th anniversary of a fatal 737 Max crash, victims’ families want more focus on Boeing’s potential safety problems
▼ + stars: | 2024-03-10 | by ( Chris Isidore | ) edition.cnn.com time to read: +12 min

Even though the same jet model had crashed soon after taking off from Indonesia less than six months earlier, aviation authorities around the world had allowed the 737 Max to keep flying with passengers. A third incidentThis year, on January 5, a part of a 737 Max 9 flown by Alaska Airlines blew out, leaving a gaping hole in the side of the plane. Boeing’s production problems went beyond the design flaw that led to the crashes. “Within days of the first crash, Boeing knew there was a design defect,” Robert Clifford, one of the plaintiff attorneys in the case, told CNN. Last month, Boeing removed executive Ed Clark, the head of its 737 Max passenger jet program.

Persons: New York CNN — Michael Stumo’s, Samya Rose Stumo, ”, “, ” Michael Stumo, Michael Stumo Samya Rose, Max, Michael Stumo, We’d, ” Stumo, ” Zipporah, Joseph, ‘ something’s, ’ ” Joseph Kuria, Olivia Kuria, “ It’s, haven’t, Kruia, ” Kuria, ” Robert Clifford, people’s, Olivier Douliery, Dave Calhoun, Ed Clark, Stephen Brashear, Eduardo Soteras, David Calhoun, Mike Delaney, ” Joseph, Zipporah, Dennis Muilenburg, Calhoun, Stumo, “ I’m, Kuria, there’s Organizations: New, New York CNN, Boeing, Max, CNN, Copenhagen School of Public Health, Ethiopian, Alaska Airlines, National Transportation Safety Board, Alaska, Federal Aviation Administration, Transportation Safety Board, NTSB, Alaska Airlines Flight, Alaska Air, ”, US Justice Department, FAA, Justice Department, Getty, Ethiopian Airlines, Lion Air, Airline Pilots, Association of Ethiopia Locations: New York, Addis Ababa, Ethiopia, Kenya, Indonesia, Alaska, Portland , Oregon, Arlington , Virginia, AFP, ”, Renton , Washington, Washington

☆ Spektr, a compliance and due diligence fintech startup, just raised $5.4 million with this 13-slide pitch deck
▼ + stars: | 2024-02-21 | by ( Callum Burroughs | ) www.businessinsider.com time to read: +1 min

Danish compliance startup Spektr has raised $5.4 million in seed funding. The company, set up by the founders of HelloFlow, has emerged from stealth. The company plans to use the funding to grow its team and begin to expand into the US. Spektr, a fintech startup that helps companies with compliance, has raised $5.4 million. The Copenhagen-based startup is emerging from stealth and aims to improve the client onboarding experience for companies.

Persons: Spektr, Mikkel Skarnager Organizations: HelloFlow, Business Locations: Copenhagen

☆ Renewables giant Orsted exits several offshore wind markets, pauses dividend after turbulent year
▼ + stars: | 2024-02-07 | by ( Sam Meredith | Www.Linkedin.Com In Samuelmeredith | ) www.cnbc.com time to read: +1 min

Burbo Bank, Liverpool Bay, England, viewed from the sea turbines on Burbo wind farm off the UK coast. Danish renewables giant Orsted on Wednesday announced plans to cut jobs, pause its dividend payouts to shareholders and exit several offshore wind markets after a tumultuous year of rising costs. Orsted, the world's largest offshore wind developer, said it planned to take steps "to become a leaner and more efficient" organization following a year marked by "substantial challenges." Nipper said the company's financial results had been "adversely affected" by impairments on U.S. offshore projects taken in the third quarter of 2023. Orsted canceled two major offshore wind farm projects in the U.S. late last year, citing high inflation, rising interest rates and supply chain bottlenecks.

Persons: Ørsted, Mads Nipper, Nipper, Orsted Organizations: Burbo Bank, Wednesday, Orsted Locations: Liverpool Bay, England, Danish, Norway, Spain, Portugal, London, Copenhagen, U.S

Kerry and Xie paved the way for progress at international summits that could have otherwise stagnated. The annual U.N. climate summit was being held in Copenhagen later that year, and Kerry was eager to talk about it with Chinese officials. Stern said the deal “ricocheted around the climate world" and convinced countries that “we can actually get this done.”The importance of the deal became evident one month later. It was the relationship with China, Kerry said afterward, that helped “change the paradigm.”——-The warm feelings were short-lived. Donald Trump was elected president in 2016, and he promptly withdrew the U.S. from the Paris agreement after taking office.

Persons: John Kerry, Xie Zhenhua, Kerry, Xie, Mao Zedong's, Christiana Figueres, ”, Li Shuo, ” —, George W, Bush, Barack Obama's, Obama, Todd Stern, ” Stern, “, Xi Jinping, Stern, Figueres, ” Xie, —, Donald Trump, Joe Biden, Xi, hadn’t, Trump, Biden, Jonathan Pershing, Nancy Pelosi, John, John Podesta, Podesta, ___ Read, Chris Megerian, Seth Borenstein Organizations: WASHINGTON, United, Communist Party, U.S, Asia Society, Greenpeace, Senate Foreign Relations, International, Trump, William, Flora Hewlett Foundation, Associated Press Locations: United Nations, Dubai, Paris, England, Vietnam, China, Copenhagen, Lima, Glasgow, Sunnylands, Beijing, Christiana, U.S, “, Lima , Peru, South, Taiwan, COVID, Egypt, California, Arab Emirates, AP.org

Around 2 p.m. (1300 GMT), Queen Margrethe II will sign her abdication and about an hour later her eldest son will be proclaimed King Frederik X on the balcony of Christiansborg Palace in the heart of the Danish capital. Margrethe, 83, will become the first Danish monarch to voluntarily relinquish the throne in nearly 900 years. Margrethe had informed Frederik and his younger brother Joachim just three days earlier, the Berlingske newspaper wrote, citing the royal palace. Margrethe is abdicating 52 years on the day after she ascended the throne following the death of her father, King Frederik IX. In the late afternoon, Copenhagen’s Tivoli Gardens amusement park plans to celebrate the new king and queen with the biggest fireworks show in the park’s 180-year history.

Persons: Queen Margrethe, King Frederik X, Frederik, Denmark's, Margrethe, didn’t, Mette Frederiksen, Joachim, Thomas Larsen, King Erik III Lam, King Frederik IX, Gorm the, Danes, Queen Mary, Mary’s, Christian, Mary Organizations: Danish, Court, Royal Stables Locations: COPENHAGEN, Denmark, Copenhagen, Christiansborg, Margrethe, Danish, Europe, Australian, Amalienborg

☆ Crown Princess Mary Elizabeth: Why Denmark will give the world the first Australian-born Queen
▼ + stars: | 2024-01-02 | by ( Hilary Whiteman | ) edition.cnn.com time to read: +8 min

Brisbane, Australia CNN —The fairy tale rise of an Australian sales executive to the upper ranks of European royalty is set to be completed Sunday when Crown Princess Mary Elizabeth of Denmark becomes the country’s Queen Consort. Margrethe’s eldest son, Crown Prince Frederik, will become King, while his wife, Crown Princess Mary, will become the first Australian to become Queen, a development that has delighted her supporters back home. Crown Prince Frederik of Denmark and Australian born Crown Princess Mary Elizabeth Donaldson married in May 2004. I will hand over the throne to my son Crown Prince Frederik,” Margrethe said. Danish Crown Princess Mary photographed during the Copenhagen Fashion Week Autumn/Winter 18 on January 30, 2018 in Copenhagen, Denmark.

Persons: Crown Princess Mary Elizabeth of, Consort, Queen Margrethe II, It’s, hasn’t, King Eric III, Margrethe’s, Crown Prince Frederik, Crown Princess Mary, it’s, King, Mary, Prince Frederik of Denmark, Princess Mary Elizabeth Donaldson, Bjarke, Jeremy Rockliff, Princess Mary, ”, King Frederik, ” Rockliff, Prince Christian, “, –, Queen of, Prince Frederik, ” Margrethe, ” Kristian Ring, Hansen Holt, Juliet Rieden, Margrethe, Queen Elizabeth II, Queen Margrethe, Reiden, Prince Joachim, Princess Marie, didn’t, Rieden, Frederik, she’d, Christian Vierig, She’s, she’s, Prince Frederik’s, Genoveva Casanova, Casanova, ‘, Britain’s King Charles III, ” Reiden Organizations: Australia CNN, Crown, Royal House, Getty Images Tasmanian, CNN, Ukraine, ABC, Australian, Monarchs, Copenhagen Cathedral, Mary Foundation, Lecturas, Royal, of State, CNN’s Royal Locations: Brisbane, Australia, Crown Princess Mary Elizabeth of Denmark, Tasmania, Denmark, Sydney, Danish, Copenhagen, Hobart, AFP, Gaza, Queen of Denmark, Scottish, British, Houston , Texas, Europe, Mexican, Spanish, Christiansborg Palace, Mary

[1/2] Containers are seen on the Maersk's Triple-E giant container ship Majestic Maersk, one of the world's largest container ships, next to cranes at the APM Terminals in the port of Algeciras, Spain January 20, 2023. REUTERS/Jon Nazca/File photo Acquire Licensing RightsSummaryCompanies Signals sharp downturn in demandTo review share buyback program for 2024Says industry facing overcapacity and lower prices, demandShares down 17.5% to lowest in three yearsCOPENHAGEN, Nov 3 (Reuters) - Shipping group A.P. Moller-Maersk (MAERSKb.CO), reported a steep drop in third-quarter profit and revenue on Friday and said it would cut at least 10,000 jobs in the face of overcapacity, rising costs and weaker prices, sending its shares tumbling. The industry invested heavily in new container ships during and after the pandemic to meet strong demand and benefit from record freight rates. A large number of new ships entered the market since the summer with no signs of idling or scrapping, said Clerc.

Persons: Jon Nazca, Moller, Vincent Clerc, Clerc, Morten Holm Enggaard, Maersk, Jacob Gronholt, Pedersen, Louise Rasmussen, Johannes Birkebaek, Terje Solsvik, Miral Fahmy, Elaine Hardcastle Organizations: Triple, Majestic, APM, REUTERS, Shipping, Maersk, Walmart, Nike, Jyske Bank, Revenues, Thomson Locations: Algeciras, Spain, COPENHAGEN, North America, Copenhagen

REUTERS/Jon Nazca/File photo Acquire Licensing RightsSummaryCompanies Signals sharp downturn in demandTo review share buyback program for 2024Says industry facing overcapacity and lower prices, demandShares down more than 10% to lowest in three yearsCOPENHAGEN, Nov 3 (Reuters) - Shipping group A.P. Moller-Maersk (MAERSKb.CO), reported a steep drop in third-quarter profit and revenue on Friday and said it would cut at least 10,000 jobs in the face of overcapacity, rising costs and weaker prices. Shares in the Copenhagen-based group slid 11.1% by 0904 GMT, to their lowest level in three years. The group already warned in August of a steeper decline in global demand for shipping containers by sea this year. Reporting by Jacob Gronholt-Pedersen and Louise Rasmussen, editing by Terje Solsvik, Miral Fahmy, Elaine HardcastleOur Standards: The Thomson Reuters Trust Principles.

Persons: Jon Nazca, Moller, Vincent Clerc, Morten Holm Enggaard, Maersk, Jacob Gronholt, Pedersen, Louise Rasmussen, Terje Solsvik, Miral Fahmy, Elaine Hardcastle Organizations: Triple, Majestic, APM, REUTERS, Shipping, Maersk, Walmart, Nike, Jyske Bank, Thomson Locations: Algeciras, Spain, COPENHAGEN, Copenhagen

☆ Manchester United: Harry Maguire and André Onana rescue Red Devils in vital Champions League win against FC Copenhagen
▼ + stars: | 2023-10-25 | by ( George Ramsay | ) edition.cnn.com time to read: +3 min

CNN —Manchester United relied on two unlikely heroes – goalkeeper André Onana and defender Harry Maguire – in a much-needed Champions League victory against FC Copenhagen. Onana's penalty save denied Copenhagen late in the game. The Cameroonian international has made several errors since joining United this season, including in a Champions League defeat against Bayern Munich last month. The penalty save went some way to atoning for those mishaps, and Onana was duly mobbed by his teammates immediately after his heroics. “I’m very pleased, it was a narrow escape as we needed to win,” ten Hag told reporters after the match.

Persons: André Onana, Harry Maguire –, United’s, Sir Bobby Charlton, Charlton, Erik ten Hag, Diogo Gonçalves, Mohamed Elyounoussi’s, Lukas Lerager’s, Onana, Rasmus Højlund, Christian Eriksen, Kamil Grabara’s, Jan Kruger, Alejandro Garnacho, Grabara, United, Maguire, –, Scott McTominay, Jordan Larsson, “ I’m, Hag, Dave Thompson, “ Organizations: CNN, Manchester United, League, FC Copenhagen, Old, United, –, Copenhagen, Cameroonian, Bayern Munich, Champions League, Galatasaray, Bayern, Turkish, Manchester City Locations: Old Trafford, Copenhagen, atoning

That adds to tech-related tensions between the West and China, which is one of Europe’s biggest trading partners and the world’s biggest auto market. Chinese EV makers are drawn to Europe because auto import tariffs are just 10% versus 27.5% in the U.S., independent auto analyst Matthias Schmidt said. MG — owned by SAIC Motor, China’s biggest automaker — is the largest Chinese EV player in Europe. One reason Chinese companies can offer high-quality cars at affordable prices stems from the rules to enter the Chinese market. Chinese EV makers, meanwhile, are trying to stand out in a crowded field.

Persons: Laima Springe, Janssen, “, ” Springe, I’m, ”, Matthias Schmidt, John Kirkwood, —, Kirkwood, Warren Buffett, Ursula von der Leyen, Alfa, China’s EVs, Carlos Tavares, we’re, Alexander Klose, ” Klose, Schmidt, Justin Nicholls, Nicholls Organizations: Volvo, Nissan, Skoda, Union, EV, Volkswagen Passat, Kia, MG, SAIC Motor, China’s, —, Lotus, Chinese Commerce Ministry, EU, World Trade Organization, Tesla’s, Peugeot, Citroen, Alfa Romeo, Fiat, Global, Wall Motors Locations: Copenhagen, Denmark, Europe, China, West, U.S, British, Western, France, Germany, Beijing, Shenyang, Shanghai, Israel

☆ Novo Nordisk raises full-year guidance again as US sales of Wegovy, Ozempic fly
▼ + stars: | 2023-10-13 | by ( ) www.reuters.com time to read: +2 min

The Danish drugmaker said it now expects sales growth this year between 32% and 38%, from a previous forecast of 27%-33%. It raised its full-year outlook for growth in earnings before interest and tax (EBIT) to 40-46% from the previous 31-37% range. Novo became Europe's most valuable company this year on soaring demand for weekly injection Wegovy and its lower-dose version Ozempic. The new sales outlook for this year primarily reflects higher expectations for profits related to sales of Ozempic and Wegovy in the United States. Operating profit grew 37% between January and September, with 47% growth in the third quarter.

Persons: Victoria Klesty, Danish drugmaker, Jeffries, Louise Breusch Rasmussen, Jacob Gronholt, Pedersen, Maggie Fick, Terje Solsvik, Susan Fenton, Emelia Organizations: REUTERS, Novo Nordisk, COPENHAGEN, Analysts, Barclays, Novo, Thomson Locations: Oslo, Norway, Victoria, United States, Danish, Wegovy, The Copenhagen, London

☆ Erik Aschengreen, 88, Dies; Historian and Critic Illuminated Danish Dance
▼ + stars: | 2023-09-15 | by ( Alastair Macaulay | More About Alastair Macaulay | ) www.nytimes.com time to read: +2 min

The 1979, 1992, and 2005 festivals of Bournonville’s ballets flooded the Royal Danish Theater in Copenhagen with dance authorities from many countries. Mr. Aschengreen did much to welcome, entertain and enlighten them as a spokesman at many presentations by the Danish company. From 1964 to 2005 Mr. Aschengreen was the dance critic for the Copenhagen-based Berlingske Tidende (now known simply as Berlingske), one of the world’s oldest newspapers still in print. He also taught ballet history at the Royal Danish Ballet School from 1971 to 1993 and dance history at the Danish School of Contemporary Dance from its founding in 1990. He traveled extensively to see international dance and to investigate dance education.

Persons: Erik Bruhn, Peter Martins, Ib Andersen, Nikolaj Hübbe, August Bournonville, Aschengreen, ”, Alexei Ratmansky, Marina Harss, Ratmansky Organizations: Royal Danish Ballet, Royal Danish Theater, New York City Ballet, Berlingske Tidende, University of Copenhagen, Royal Danish Ballet School, Danish School of Contemporary Locations: Danish, America, Denmark, United States, Copenhagen, Ukrainian American

The difficulty of this achievement also shows the resilience of the country’s chip technological ability," TechInsights analyst Dan Hutcheson said. EUV refers to extreme ultraviolet lithography and is used to make 7 nm or more advanced chips. LIMITED ACHIEVEMENTThe most advanced chip SMIC had previously been known for making was 14nm, as it was barred by Washington in late 2020 from obtaining an EUV machine from Dutch firm ASML (ASML.AS). But TechInsights last year said it believed SMIC had managed to produce 7 nm chips by tweaking simpler DUV machines it could still purchase freely from ASML. Jefferies analysts reckon Huawei is preparing to ship ten million units of the Mate 60 Pro, though it may struggle to support that quantity with China-made 7 nm chips.

Persons: Gina Raimondo's, chipmaker SMIC, Dan Hutcheson, EUV, Jefferies, TechInsights, SMIC, Tilly Zhang, Dragonomics, Zhang, Doug Fuller, David Kirton, Max Cherney, Brenda Goh, Miyoung Kim, Nick Zieminski Organizations: FRANCISCO, Huawei Technologies, U.S, Huawei, U.S . Commerce, Kirin, HK, U.S . Commerce Department's, of Industry, Security, China, U.S . Department of Commerce, China's State Council, Reuters, Copenhagen Business School, Thomson Locations: SHENZHEN, China, California, Washington, Ottawa, U.S, China's, Netherlands

☆ China's Huawei poised to overcome US ban with return of 5G phones - research firms
▼ + stars: | 2023-07-12 | by ( David Kirton | ) www.reuters.com time to read: +5 min

[1/2] A Huawei logo and a 5G sign are pictured at Mobile World Congress (MWC) in Shanghai, China June 28, 2019. Huawei should be able to procure 5G chips domestically using its own advances in semiconductor design tools along with chipmaking from Semiconductor Manufacturing International Co (SMIC), three third-party technology research firms covering China's smartphone sector told Reuters. The firms, citing industry sources including Huawei suppliers, spoke on condition of anonymity because of confidentiality agreements with clients. The second research firm said it noticed Huawei had asked SMIC to produce chip components below 14 nm this year for 5G products. The forecast yield rate of less than 50% means that 5G chips are "going to be costly", said Doug Fuller who researches chips at the Copenhagen Business School.

Persons: Aly, SMIC, Canalys, Doug Fuller, Fuller, David Kirton, Jamie Freed Organizations: Huawei, Mobile World Congress, REUTERS, Huawei Technologies, chipmaking, Semiconductor Manufacturing International, Reuters, Apple, Samsung, China Securities Journal, Copenhagen Business School, Thomson Locations: Shanghai, China, SHENZHEN, Shenzhen, U.S, Washington

☆ China's Huawei poised to overcome US ban with return of 5G phones, research firms say
▼ + stars: | 2023-07-12 | by ( David Kirton | ) www.reuters.com time to read: +5 min

Huawei should be able to procure 5G chips domestically using its own advances in semiconductor design tools along with chipmaking from Semiconductor Manufacturing International Co (SMIC), three third-party technology research firms covering China's smartphone sector told Reuters. The firms, citing industry sources including Huawei suppliers, spoke on condition of anonymity because of confidentiality agreements with clients. [1/2]A Huawei logo and a 5G sign are pictured at Mobile World Congress (MWC) in Shanghai, China June 28, 2019. The second research firm said it noticed Huawei had asked SMIC to produce chip components below 14 nm this year for 5G products. The forecast yield rate of less than 50% means that 5G chips are "going to be costly", said Doug Fuller who researches chips at the Copenhagen Business School.

Persons: SMIC, Canalys, Aly, Doug Fuller, Fuller, David Kirton, Jamie Freed Organizations: Huawei, Huawei Technologies, chipmaking, Semiconductor Manufacturing International, Reuters, Apple, Samsung, China Securities Journal, Mobile World Congress, REUTERS, Copenhagen Business School, Thomson Locations: SHENZHEN, China, Shenzhen, U.S, Shanghai, Washington

☆ Danish mall shooter sentenced to indefinite psychiatric treatment
▼ + stars: | 2023-07-05 | by ( Nikolaj Skydsgaard | ) www.reuters.com time to read: +2 min

COPENHAGEN, July 5 (Reuters) - A Danish court sentenced a 23-year-old man on Wednesday to indefinite psychiatric treatment at a secure facility for the killing of three people during a shooting spree in a Copenhagen shopping mall a year ago. The man killed two 17-year-olds and a 46-year-old man on July 3 last year when he opened fire at the Field's mall in the capital's southern outskirts. He has admitted to the shootings but said he was mentally ill at the time. "It was a day that affected many people, many of whom are sadly still struggling with physical and psychological scars," prosecutor Soren Harbo said outside the Copenhagen court. But it declared that he was mentally ill at the time of the shootings, which meant he was sentenced to undergo psychiatric treatment at a secure facility for an indefinite amount of time rather than a regular prison sentence.

Persons: Soren Harbo, Luise Hoj, Nikolaj Skydsgaard, Helen Popper Our Organizations: DR, Reuters, Thomson Locations: COPENHAGEN, Copenhagen

☆ After a breakthrough year, distance runner Dominic Lobalu is in a race for national identity
▼ + stars: | 2023-06-20 | by ( George Ramsay | ) edition.cnn.com time to read: +9 min

CNN —One of the world’s top distance runners, Dominic Lobalu dreams of climbing the podium at the Olympic Games. It means Lobalu is essentially stateless on the global athletics scene, running with no flag and no national colors. In a statement to CNN Sport, Swiss Athletics confirmed that it had applied to the World Athletics Nationality Review Panel for Lobalu to change his allegiance. Founded in 2014, the ART is supported by international governing body World Athletics and composed entirely of athletes who have fled violence, conflict, and injustice. “He cannot change the decision from World Athletics, he can’t make it faster.

Persons: Dominic Lobalu, Lobalu, Valerio Origo, Gallen, Markus Hagmann, ”, “, Geneva –, hasn’t, I’m, ’ ”, coy, Mr, Adam Davy, he’s, Jackie Brock, Doyle, Dominic, Hagmann, ” Hagmann, Jacob Kiplimo, … He’s Organizations: CNN, Olympic, CNN Sport, Swiss Athletics, Athlete, ART, Athletics, Diamond League, World Athletics, Zurich Diamond League, Lobalu, Stockholm Diamond League Locations: Sudan, Kenya, Europe, Paris, Budapest, Switzerland, St, Copenhagen, Nairobi, Lobalu, Swiss, Geneva, South Sudan, London, Chukudum, Vienna, Austria, Lausanne, Gallen, Stockholm

TAIPEI/PRAGUE, June 8 (Reuters) - Taiwan Foreign Minister Joseph Wu will make a previously unannounced visit to Europe next week, four sources briefed on the matter said, and is expected to appear with the Czech president at one event in a diplomatic breakthrough. Taiwan, which is claimed by China, has no formal diplomatic ties with any European country except the Vatican. Taiwan's foreign ministry declined to comment on Wu's Europe travel plans. In January, then-Czech President-elect Pavel and Taiwan President Tsai Ing-wen spoke by telephone shortly after his election, in a diplomatic coup for Taiwan that infuriated China. Beijing views Taiwan as being part of "one China" and demands other countries recognise its sovereignty claims, which Taiwan's democratically-elected government rejects.

Persons: Joseph Wu, Wu, Petr Pavel, Zdenek Hrib, Pavel, Tsai Ing, Ben Blanchard, Robert Muller, Ryan Woo, Andrew Gray, Angus MacSwan Organizations: Taiwan Foreign, European Union, Service, Prague, Copenhagen Democracy Summit, Thomson Locations: TAIPEI, PRAGUE, Europe, Czech, Taiwan, China, Vatican, Beijing, Central, Eastern, Ukraine, Brussels, Prague, Czech Republic, Slovakia, Bratislava, Copenhagen, Denmark, Vilnius, Lithuania

☆ Make Your Garden Look Bigger With This Smart Decorating Move
▼ + stars: | 2023-06-07 | by ( Nina Molina | ) www.wsj.com time to read: 1 min

DOUBLE THE PLEASURE An arched window with mirrors for panes adds romance and depth to a courtyard garden in Surrey, England, designed by Nic Howard. Photo: GAP Photos/Leigh ClappNO ONE hesitates to deploy mirrors inside a house—lengthening a cramped entryway or bouncing light around a dim dining room. Why not in the garden, then, where a mirror could multiply lush hydrangeas, reflect cloud-dotted skies and make sunshine dance? Garden designer Toby Musgrave, the Copenhagen-based author of “The Garden: Elements & Styles” (Phaidon Press) considers looking glasses a fantastic way to play with your patch of green: “I like the idea of optical illusions—a bit of fun, drama and theater.” Besides, an open-air mirror yields the same benefits as one indoors. A garden becomes more cozy and warm, said Karen Rogers, a London landscape designer, and the reflection “makes it actually look bigger.”

Persons: Nic Howard, Leigh Clapp, Toby Musgrave, ”, Karen Rogers Organizations: Phaidon Press Locations: Surrey, England, Copenhagen, London

The average May temperature in Hanoi is 32 degrees Celsius (90 degrees Fahrenheit). “Which is why a humid heat wave is more dangerous than a dry heat wave,” she told CNN. This is above a threshold considered dangerous, especially for people with health problems or those not used to extreme heat. In Thailand, 20 days in April and at least 10 days in May reached feels-like temperatures above 46 degrees Celsius (115 degrees Fahrenheit). Throughout April and May, Vietnam, Cambodia, Laos and Malaysia all had several days with potential to cause extreme heat stress.

Persons: ”, ” Phong, Dinh Van Hung, ” Dinh, Nhac Nguyen, Maximiliano Herrera, Herrera, Mariam Zachariah, Cyclone Mocha, ” Zachariah, Chaya Vaddhanaphuti, ” Emmanuel Raju, ” Raju, Madaree Tohlala, “ Nui, “, ” Nui, Andre Malerba, Chaya, –, Chintanaphone, Boua Seng, Lobia Yaw, Thongsouk, hasn’t Organizations: Hong Kong CNN, CNN, Getty, ” Workers, Imperial College London, WWA, Chiang Mai University, Copenhagen Center for Disaster Research, Labour Organization, Farmers, Weather, Lao Farmer Network Locations: Hong Kong, Hanoi, Vietnam, Dong Da district, “, Hanoi , Vietnam, AFP, Dinh, Southeast Asia, Thailand, Laos, Cambodia, Malaysia, Myanmar, Asia, Thai, Narathiwat, Bangkok, ”

The pan-European STOXX 600 index (.STOXX) ended 0.4% lower after a survey showed the U.S. services sector barely grew in May, while factory orders rose less than expected. "There's a bit of profit taking after some of the moves we've had recently," said Steve Sosnick, chief strategist at Interactive Brokers. "The economic reports that we've gotten around the world (signal) a somewhat slowing economy." Shares of Indivior Plc (INDV.L) jumped 7.8% to top the STOXX 600 index after the drugmaker agreed to pay $102.5 million to settle a lawsuit for its opioid addiction treatment Suboxone. Reporting by Shreyashi Sanyal in Bengaluru; Editing by Sherry Jacob-Phillips, Dhanya Ann Thoppil and Richard ChangOur Standards: The Thomson Reuters Trust Principles.

Persons: we've, Steve Sosnick, Christine Lagarde, Joachim Nagel, Shreyashi Sanyal, Sherry Jacob, Phillips, Dhanya Ann Thoppil, Richard Chang Organizations: PMI, Interactive, U.S . Federal, European Central Bank, Amazon.com Inc, Indivior Plc, Trendyol, Viaplay, Volvo, Copenhagen Stock Exchange, Thomson Locations: U.S, Alibaba, Swedish, Sweden, Bengaluru

☆ The U.S. isn't the only country with a debt ceiling. Here's how Denmark avoids the drama
▼ + stars: | 2023-05-24 | by ( Elliot Smith | ) www.cnbc.com time to read: +6 min

U.S. President Joe Biden hosts debt limit talks with U.S. House Speaker Kevin McCarthy (R-CA) in the Oval Office at the White House in Washington, U.S., May 22, 2023. Yet in Denmark — the only other democracy with a similar type of nominal debt ceiling — barely anybody knows it exists. Separation of church and state While the U.S. debt ceiling restricts government borrowing to a particular figure, most other economies set debt limits as a percentage of GDP. The Danish debt ceiling, or "gældsloft," was implemented as a constitutional requirement in 1993 after a restructure of the country's government, and set at 950 billion Danish kroner ($137.5 billion). Denmark is the only other country in the world with a debt ceiling comparable to that of the U.S., but it never causes the same political crises that Washington frequently faces.

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