DIRS.INFO The most relevant business & tech news

☆ The night train revolution has been hailed as an alternative to airplanes. Here’s how that’s going
▼ + stars: | 2023-11-12 | by ( Ben Jones | ) edition.cnn.com time to read: +13 min

Wherever they run, night trains are complicated, labor intensive and expensive to operate – one of the major reasons they went into decline in the first place. The $770 million contract could eventually see up to 370 new overnight carriages introduced to update Italy’s entire overnight train fleet. “Politicians must be clear: the night train market will be effectively closed for a very long time,” he says. So, what does all this mean for the much-vaunted night train revolution? With the honorable exception of government-subsidized Nightjet, which plans to expand rapidly over the next five years, European night train services have yet to match the hype.

Persons: Love, James Brown, David Bowie, Ray Charles, –, they’ve, Charisius, Agatha Christie, James Bond, Mark Smith, ”, “, ÖBB, “ Superliner, Kuleshova, Smith, it’s, Alex Halada, Nick Brooks Organizations: CNN, Orient Express, Austrian Federal Railways, Swiss Federal Railways, Deutsche Bahn, Italian State Railways, Amtrak, California Zephyr, European, Bloomberg, Getty, Regiojet, Compagnie Internationale des, VIA Rail, European Union, Frankfurt, Eurostar, EU Rail, EU Locations: Europe, Russia, Scandinavia, Vienna, Hamburg, Germany, Austria, Italy, Hungary, Poland, Czech Republic, Paris, Brussels, Amsterdam, France, Sweden, Milan, Sicily, Messina, Europe’s, United States, Berlin, Stockholm, Denmark, Czech, Prague, Croatia’s, London, Dresden, Copenhagen, Barcelona, Spain, Venice, Florence, Rome, Madrid, Porto, Portugal, Edinburgh, Zurich, AFP, EU

☆ Student Housing to Be 3D-Printed in Europe in 2024: Photos
▼ + stars: | 2023-11-12 | by ( Brittany Chang | ) www.businessinsider.com time to read: +4 min

Construction on a cluster of 36 3D-printed student homes is set to begin in 2024 in Denmark. In 2024, 3DCP Group and design firm SAGA Space Architects say they will build a non-profit student housing community with help from a 3D printer. SAGA Space Architects, 3DCP GroupThe construction lot, presently an unused patch of old trees, is located near VIA University College's Holstebro campus. AdvertisementAdvertisementSAGA Space Architects, 3DCP GroupMost mass-market construction 3D printers only extrude concrete. SAGA Space Architects, 3DCP GroupThe project's developer, housing non-profit NordvestBo, will select future tenants from a pool of applications "assuming there will be a 'first come, first served' aspect," Sebastian Aristotelis, cofounder of SAGA Space Architects, told Insider in an email.

Persons: —, Sebastian Aristotelis, Aristotelis, Philip Lund Organizations: Service, 3DCP, VIA University College's, SAGA, Architects, Nielsen Locations: Denmark, Holstebro

☆ Senior Ukrainian officer coordinated Nord Stream attack: Washington Post
▼ + stars: | 2023-11-12 | by ( ) www.reuters.com time to read: +2 min

Pipes for the Nord Stream 2 gas pipeline in the Baltic Sea, which are not used, are seen in the harbour of Mukran, Germany, on September 30, 2022. REUTERS/Fabian Bimmer/ File Photo Acquire Licensing RightsKYIV, Nov 12 (Reuters) - A Ukrainian military officer coordinated last year's attack on the Nord Stream natural gas pipeline, the Washington Post reported on Saturday, citing anonymous sources in Ukraine and Europe. Washington and NATO called it an act of sabotage, while Moscow said it was an act of international terrorism. Roman Chervinsky, a former intelligence official who served in the Ukrainian military's special forces, managed a six-person team but did not plan the attack, the Post reported. Germany, Denmark and Sweden have launched investigations into the Nord Stream explosions, which sent plumes of methane into the atmosphere in a leak that lasted several days.

Persons: Pipes, Fabian Bimmer, Roman, Volodymyr Zelenskiy, Zelenskiy, Chervinsky, Viktor Hanushchak, Germany's Der, Dan Peleschuk, Tom Balmforth, William Maclean Organizations: REUTERS, Rights, Washington Post, Reuters, Germany's Der Spiegel, Thomson Locations: Baltic, Mukran, Germany, Ukrainian, Ukraine, Europe, Bornholm, Washington, NATO, Moscow, Denmark, Sweden, Russian

☆ Before-and-after images show how Greenland’s glaciers have rapidly retreated
▼ + stars: | 2023-11-12 | by ( Rachel Ramirez | ) edition.cnn.com time to read: +3 min

Now housed in the Danish National Archives, the historical images inspired her and other researchers to reconstruct the territory’s glacial history and how it has changed amid a rapidly warming climate. The comparison found Greenland’s glaciers have experienced an alarming rate of retreat that has accelerated over the last two decades. For the first time on record, it rained at the summit of Greenland — roughly two miles above sea level during the summer of 2021. Earlier this week, scientists found that northern Greenland’s huge glaciers, which were long thought to be relatively stable, now pose potentially “dramatic” consequences for sea level rise. “[The paper] really reinforces that our choices over the next few decades and how much we reduce our emissions really matter to these glaciers,” Larocca said.

Persons: Laura Larocca, of Denmark Niels Jakup, Niels Jakup Korsgaard, ”, Larocca, Hans Henrik Tholstrup, University of Copenhagen Larocca, ” Larocca Organizations: CNN, Danish National Archives, of, of Denmark, Arizona State University School of Ocean Futures, Danish Agency, Datasupply, University of Copenhagen The Danish Agency, University of Copenhagen Locations: Denmark, Copenhagen, Greenland, of Denmark, Danish

☆ McIlroy finishes top of money list without hitting a shot
▼ + stars: | 2023-11-12 | by ( ) www.reuters.com time to read: +1 min

Northern Irishman McIlroy, with 5,164.5 points going into the DP World Tour Championship at Dubai this week, has now finished top of the formerly named European Tour money list five times, first in 2012 and again in 2014, 2015 and last year. McIlroy, who made more than seven million euros ($7.48 million) in prize money in nine tour events this year, is 2,083 points ahead of second-placed Jon Rahm, the Masters champion, with Adrian Meronk third. Poland’s Meronk played in this weekend’s Nedbank Challenge at Sun City where he added 94.5 points after finishing 15th. The tournament in South Africa was won by American Max Homa, who finished four shots ahead of Denmark’s Nicolai HojgaardThe top 50 finishers in the Race to Dubai rankings will compete for a $10-million purse at Jumeirah Golf Estate from Thursday. ($1 = 0.9362 euros)Writing by Mark Gleeson in Cape Town; Editing by Clare FallonOur Standards: The Thomson Reuters Trust Principles.

Persons: Rory McIlroy, Brian Snyder, Sun City . Northern Irishman McIlroy, McIlroy, Jon Rahm, Adrian Meronk, Poland’s Meronk, Max Homa, Denmark’s Nicolai Hojgaard, Mark Gleeson, Clare Fallon Organizations: United, Prix, CITY, Sun, Sun City . Northern, Dubai, European, Thomson Locations: United States, Americas, Austin , Texas, U.S, South Africa, Sun City ., Sun City, Dubai, Cape Town

☆ Raphael Dwamena: Ghana international footballer dies aged 28 after collapsing on the pitch
▼ + stars: | 2023-11-11 | by ( Matias Grez | ) edition.cnn.com time to read: +1 min

CNN —Raphael Dwamena, who played for the Ghana international football team, has died at the age of 28 after collapsing during a match, the Ghana Football Association announced. “Our thoughts are with the family of Raphael Dwamena at this difficult time,” the association said in a statement. Video footage posted to X, formerly Twitter, shows Dwamena collapsing on the pitch, before players from both teams rushed to his side. During his career, Dwamena played for clubs in Spain, Switzerland, Austria and Denmark. “On behalf of Levante, we would like to express our sincere condolences for the death of our former player, Raphael Dwamena,” the club said in a statement.

Persons: CNN — Raphael Dwamena, Raphael Dwamena, “ Raphael, Raphael, ”, Blau, Dwamena Organizations: CNN, Ghana international football team, Ghana Football Association, Dwamena’s, KF Egnatia, Weiß Linz, Austrian, Levante Locations: Ghana, Albanian, Hartberg, Spain, Switzerland, Austria, Denmark

The company's research and development (R&D) engine is intact and therefore it is unlikely to do transformative deals soon, Jorgensen said. It was the latest in a series of similarly-sized deals the company has done this year. Last week, when reporting quarterly earnings, it forecast another year of double-digit sales growth for its two most popular drugs: weight-loss drug Wegovy and diabetes Ozempic. To keep up with demand, Novo is racing to increase production of those drugs, which contain the same active pharmaceutical ingredient, semaglutide, and are delivered in self-injection pens. A healthcare banker, speaking on condition of anonymity, told Reuters after the interview there were many companies in the cardiometabolic space with early-stage drugs that Novo Nordisk may be able to buy.

Persons: Lars Fruergaard Jorgensen, Wegovy, Jorgensen, Novo, Novo's, Jacob Gronholt, Maggie Fick, Terje Solsvik, Emelia, Barbara Lewis Organizations: Novo, Novo Nordisk, Reuters, KBP Biosciences, Nordisk, Pedersen, Thomson Locations: Novo, COPENHAGEN, Singapore, Copenhagen, London

☆ Greenland glaciers melt five times faster than 20 years ago
▼ + stars: | 2023-11-10 | by ( Johannes Birkebaek | ) www.reuters.com time to read: +2 min

Valleys cut by glaciers of the Greenland Ice Sheet along the mountains of Greenland, August 3, 2022. Greenland's ice melt is of particular concern, as the ancient ice sheet holds enough water to raise sea levels by at least 20 feet (6 meters) if it were to melt away entirely. "I believe we can prepare for those glaciers to continue to melt at increasing speeds," Olesen said. Glaciers in Greenland are often used to anticipate the effects of climate change on Greenland's ice sheet. The Greenland ice sheet contributed 17.3% of the observed rise in sea level between 2006 and 2018 and glaciers have contributed 21%.

Persons: Jim Urquhart, Anders Anker Bjork, Bjork, Jørgen Eivind Olesen, Olesen, William Colgan, Johannes Birkebaek, Barbara Lewis Organizations: REUTERS, Rights, University of Copenhagen, geosciences, Reuters, European Union, Climate Institute, Aarhus University, Geological Survey, Thomson Locations: Greenland, Denmark

As the company's fortunes soar on demand for its popular weight-loss medicine Wegovy, Jorgensen said Novo sought to acquire companies working on medicines in the areas where it is already focused. The company's research and development (R&D) engine is intact and therefore it is unlikely to do transformative deals soon, Jorgensen said. It was the latest in a series of similarly-sized deals the company has done this year. Last week, when reporting quarterly earnings, it forecast another year of double-digit sales growth for its two most popular drugs: weight-loss drug Wegovy and diabetes Ozempic. To keep up with demand, Novo is racing to increase production of those drugs, which contain the same active pharmaceutical ingredient, semaglutide, and are delivered in self-injection pens.

☆ Greenland Glaciers Melt Five Times Faster Than 20 Years Ago
▼ + stars: | 2023-11-10 | by ( Nov. | At A.M. | ) www.usnews.com time to read: +2 min

By Johannes BirkebaekCOPENHAGEN (Reuters) - Global warming has increased the speed at which glaciers in Greenland are melting by fivefold over the last 20 years, scientists from the University of Copenhagen said on Friday. Greenland's ice melt is of particular concern, as the ancient ice sheet holds enough water to raise sea levels by at least 20 feet (6 meters) if it were to melt away entirely. "I believe we can prepare for those glaciers to continue to melt at increasing speeds," Olesen said. Glaciers in Greenland are often used to anticipate the effects of climate change on Greenland's ice sheet. The Greenland ice sheet contributed 17.3% of the observed rise in sea level between 2006 and 2018 and glaciers have contributed 21%.

Persons: Johannes Birkebaek COPENHAGEN, Anders Anker Bjork, Bjork, Jørgen Eivind Olesen, Olesen, William Colgan, Johannes Birkebaek, Barbara Lewis Organizations: University of Copenhagen, geosciences, Reuters, European Union, Climate Institute, Aarhus University, Geological Survey Locations: Greenland, Denmark

☆ AstraZeneca adds player to obesity drug race, but Eli Lilly remains in the lead
▼ + stars: | 2023-11-10 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +8 min

Eli Lilly (LLY) remains our favorite way to play the weight-loss drug market, despite a new entry this week from AstraZeneca (AZN). Eli Lilly shares had their worst day of the year Thursday, falling 4.5% in the session to close at $591.32. AstraZeneca's encroachment on turf currently dominated by Eli Lilly and Danish rival Novo Nordisk (NVO) may have contributed to Thursday's declines. That approval, despite being widely expected, pushed Eli Lilly to an all-time closing high Wednesday, at $619.13 per share. Our desire to own Eli Lilly over Novo Nordisk hinges, in part, on our confidence in Eli Lilly's other treatment opportunities, such as in Alzheimer's.

Persons: Eli Lilly, Jim Cramer, Jim, Lilly's, Eli Lilly's tirzepatide, Zepbound, Novo's, Eli Lilly's, Eli Lilly's GLP, Dave Ricks, Lilly, Ricks, AstraZeneca's, ECC5004, retatrutide, Jim Cramer's, David Ricks, Eli Lilly Scott Mlyn Organizations: AstraZeneca, Novo Nordisk, American Heart Association, Novo Nordisk's semaglutide, CNBC, Reuters, Citigroup Locations: Danish, GLP, North Carolina, Novo, Denmark, Zepbound, Alzheimer's

☆ Best ways to counter the harmful effects of sitting, according to research
▼ + stars: | 2023-11-10 | by ( Sandee Lamotte | ) edition.cnn.com time to read: +7 min

CNN —Sitting too much may send you to an early death, likely from chronic diseases such as obesity, type 2 diabetes, cardiovascular disease and more, according to research. “The question is, if you have a restorative or recharging sleep, is that better than sitting on the couch eating and watching TV? While the study found swapping sitting for sleep improved health, benefits were not equal, the authors said. More vigorous exercise is best, but standing, walking and even sleeping is better than just sitting, experts say. “Since most songs average at least 3 minutes, you can dance off the negative impact of too much sitting.

Persons: ”, Andrew Freeman, ” Freeman, Mark Hamer, ” Hamer, Emmanuel Stamatakis, Kobus, “, Jo Blodgett, James Leiper, ” Leiper, that’s, Dana Santas, ” Santas, Santas Organizations: CNN’s, CNN, BMI, Jewish Health, Institute of Sport, Health, University College London, University of Sydney, British Heart Foundation Locations: waistlines, Denver, Australia, Belgium, Denmark, Finland, Norway, Spain, Netherlands, United Kingdom, United States

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

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

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

They argue that geopolitical tensions between the West and China risk the reliable supply of rare earth minerals. Aclara's Barua said that Western supply of rare earth elements will not develop if it depends on Chinese prices. "The price of any metal (rare earth or otherwise) that is coming from China or from western countries has the same pricing, so why should rare earth pricing be different?" The discussion on pricing has come up often in the Rare Earth Industry Association, said Veluri, who is also the president of the global organization with partners representing the whole rare earth value chain. "But for things like cobalt, copper, or rare earth metals there is a good strategic play to find with a mining partner."

Persons: Ramon Barua, Aclara's Barua, Veluri, Australia's, Tim Harrison, Harrison, Flavio Volpe, Volpe, Divya Rajagopal, Denny Thomas, Marguerita Choy Organizations: TORONTO, Reuters, Aclara, Earth Industry Association, Companies, Automotive Parts Manufacturers Association, Thomson Locations: China, Chile, West, Beijing, Badrinath, Denmark, Vietnam, Malaysia, Myanmar

☆ How Ozempic Maker Novo Nordisk’s Very Danish Capitalism Fueled Its Success, and Its Stumbles
▼ + stars: | 2023-11-07 | by ( Sune Engel Rasmussen | Photographs Charlotte De La Fuente For The Wall Street Journal | ) www.wsj.com time to read: 1 min

BAGSVÆRD, Denmark—Every rank-and-file employee at drugmaker Novo Nordisk calls the chief executive by his first name, Lars. Hallways and offices fall silent around 5 p.m., when workers leave to pick up their children or commute home, many by bicycle. Fueled by blockbuster sales of drugs used for obesity, this very Danish company is now one of the world’s most valuable. As of Friday, the company’s market capitalization was roughly $439 billion—more than Pfizer, Lockheed Martin and Starbucks combined. In September, it overtook LVMH, the French luxury-goods firm, as Europe’s biggest company by market capitalization.

Persons: Lars, Lockheed Martin, LVMH Organizations: Denmark —, drugmaker Novo Nordisk, Pfizer, Lockheed, Starbucks, Europe’s Locations: BAGSVÆRD, Denmark, Danish

☆ The US just sanctioned the Russian manufacturer of Lancet, a $35,000 tank-smashing 'suicide' drone that has been impeding Ukraine's counteroffensive
▼ + stars: | 2023-11-05 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +4 min

The US imposed sanctions against Russian manufacturer Zala Aero, which produces the Lancet drones. The Lancet drone is a loitering munition that stays near its target before crashing into it. AdvertisementAdvertisementThe US imposed sanctions on Thursday against a Russian manufacturer of lightweight drones that has been impeding the progress of Ukraine's counteroffensive. Lancet drones are small and lightweight, with its latest iteration, the Lancet-3M, weighing about 26.5 pounds — including the payload —and measuring less than 6 feet long, The Wall Street Journal reported. AdvertisementAdvertisementOne video circulating online appeared to show a Lancet drone dropping explosives on a Ukrainian MiG-29 fighter jet that was sitting on the tarmac of an air base.

Persons: —, It's, Igor Zimenkov, Samuel Bendett, James Patton Rogers, Patton Rogers, Oleksandr Afanasyev Organizations: Zala Aero, Service, Ukraine, Department of State, US, SWIFT, State Department, Department, Foreign, Control, Street Journal, Center, New, New American Security, Reuters, Russia, IRIS, Cornell Tech Policy Institute, University of Southern, Aero Locations: Zala, Russian, Russia, New American, Germany, University of Southern Denmark, Ukrainian, Zaporizhzhia, Ukraine

☆ SAS secures $1.2 billion from consortium led by Castlelake, Air France for restructuring
▼ + stars: | 2023-11-04 | by ( ) www.reuters.com time to read: +2 min

The tail fin of a parked Scandinavian Airlines (SAS) airplane is seen on the tarmac at Copenhagen Airport Kastrup in Copenhagen, Denmark, July 3, 2022. The winning bidder consortium which also includes Air France-KLM (AIRF.PA), Lind Invest ApS and the Danish state, increased its proposed investment by $25.26 million. The airline's credit agreement for $505.25 million with Castlelake will be used to refinance its loans, increase liquidity and support its exit from voluntary restructuring proceedings, according to the statement. SAS's chief executive, Anko van der Werff, said: "By entering into this investment agreement, SAS is taking the next step in its Chapter 11 process in the U.S."The company now seeks U.S. Court approval of the investment agreement and the new debtor-in-possession financing as soon as possible in November. Castlelake and Lind Invest did not immediately respond to a request for comment.

Persons: Andrew Kelly, Lind, Castlelake, Anko van der Werff, Gursimran Kaur, Emelia Sithole, Philippa Fletcher, Ira Iosebashvili, Matthew Lewis Organizations: Airlines, SAS, Copenhagen, REUTERS, Scandinavian, Castlelake, Apollo Global Management, Air France, KLM, Lind Invest ApS, Air, U.S, Apollo Global, Lind Invest, Thomson Locations: Copenhagen, Denmark, Danish, Air France, U.S, United States, Bengaluru

☆ Ozempic and other weight-loss drugs will power the anti-obesity market to 16-fold gains by 2030, Goldman Sachs says
▼ + stars: | 2023-11-04 | by ( George Glover | ) www.businessinsider.com time to read: +3 min

The anti-obesity market could become a $100 billion industry by 2030, Goldman Sachs predicts. The rise of GLP-1 weight loss drugs has meant big gains for Novo Nord Nordisk and Eli Lilly. AdvertisementAdvertisementThe anti-obesity market is primed for a massive surge over the next six years, according to Goldman Sachs. Such a gain would push its total valuation from $6 billion to as much as $100 billion. Meanwhile, Barclays and Berenberg have predicted the market's value could climb to $100 billion and $85 billion respectively.

Persons: Goldman Sachs, Eli Lilly, —, they're, Chris Shibutani, Morgan Stanley Organizations: Novo Nord Nordisk, Service, Denmark's Novo Nordisk, Barclays, Berenberg

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

[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

☆ Fitch follows S&P in cutting Orsted's outlook
▼ + stars: | 2023-11-03 | by ( ) www.reuters.com time to read: 1 min

A view of the turbines at Orsted's offshore wind farm near Nysted, Denmark, September 4, 2023. REUTERS/Tom Little/File Photo Acquire Licensing RightsCompanies Orsted A/S FollowNov 3 (Reuters) - Rating agency Fitch on Friday downgraded the outlook on Danish renewable energy firm Orsted's (ORSTED.CO) rating to negative, a day after S&P warned of a possible debt downgrade due to the company's massive losses on projects in the United States. Fitch affirmed Orsted's Long-Term Issuer Default Rating (IDR) at 'BBB+'. The world's largest offshore wind developer on Wednesday said it had halted plans for two U.S. wind farms and that related impairments had surged above $5 billion, sending its share price down 26% to a six-year low. Reporting by Rishabh Jaiswal in Bengaluru Editing by Tomasz JanowskiOur Standards: The Thomson Reuters Trust Principles.

Persons: Tom Little, Fitch, Orsted's, Rishabh, Tomasz Janowski Organizations: REUTERS, Thomson Locations: Nysted, Denmark, United States, Bengaluru

☆ Tsitsipas marches into Paris semi-finals
▼ + stars: | 2023-11-03 | by ( ) www.reuters.com time to read: +2 min

[1/5] Tennis - ATP Masters 1000 - Paris Masters - AccorHotels Arena, Paris, France - November 3, 2023 Greece's Stefanos Tsitsipas speaks to the crowd after winning his quarter final match against Russia's Karen Khachanov REUTERS/Stephanie Lecocq Acquire Licensing RightsPARIS, Nov 3 (Reuters) - Stefanos Tsitsipas maintained his stunning form at the Paris Masters with a 6-3 6-4 defeat of Russia's Karen Khachanov to reach the semi-finals on Friday. He will now face Grigor Dimitrov for a place in the final after the Bulgarian beat Hubert Hurkacz 6-1 4-6 6-4. Seventh seed Tsitsipas is yet to drop a set this week in disposing of Canada's Felix Auger-Aliassime, Germany's Alexander Zverev and now Khachanov. He had far too much variety for Khachanov in the opening set, using his all-court game and accurate serving to great effect. He then moved a break ahead in the second set before Khachanov hit a brief purple patch to get back on terms.

Persons: Stefanos Tsitsipas, Russia's Karen Khachanov REUTERS, Stephanie Lecocq, Tsitsipas, Russia's Karen Khachanov, Grigor Dimitrov, Hubert Hurkacz, Canada's Felix Auger, Germany's Alexander Zverev, Khachanov, Dimitrov, Novak Djokovic, Denmark's Holger Rune, Alex de Minaur, Andrey Rublev, Martyn Herman, Toby Davis Organizations: Paris, Rights, ATP, Bulgarian, Thomson Locations: Paris, France, Turin, raptures

☆ Opinion | Two Ways of Looking at the West’s Population Dilemma
▼ + stars: | 2023-11-03 | by ( Ross Douthat | ) www.nytimes.com time to read: +11 min

That means the dilemma of the 21st century isn’t how Earth will feed an ever-growing population, but how the world will deal with a potential mass rebalancing of population via migration, an altered wealth-and-people equilibrium, in a world where technology is making the movement of peoples easier than ever. Clearly, the richest countries will be able to replenish their populations with immigration across the 21st century — if they choose. (A 25 percent ratio means there are four workers for every retiree; a 50 percent ratio, just two.) I don’t think you need to be especially pessimistic to regard that kind of transformation as incompatible with stable democratic governance. It’s among the reasons you already have the rightward shift in European politics and why immigration restriction will be a winning issue for the foreseeable future in many European countries.

Persons: Declan Walsh, Africa’s “, Hannah Reyes Morales, Walsh, it’s, Paul Morland, Philip Pilkington, —, hasn’t, don’t, ’, Morland, Pilkington, Biden, Trump, “, Gilbert Meilaender, Blake Smith, Yuan Yi Zhu, Valerie Stivers, Tim Miller, John Gallagher, — Sarah Neville Organizations: Financial Times Locations: Israel, Gaza, Europe, Africa, East Asia, Latin America, Italy, Spain, Bulgaria, Romania, Germany, Sweden, Nigeria, Morocco, Americas, America, United States, Palestine, Denmark, Britain, South Korea, Japan, Asia, Poland, ”, London, North America

COPENHAGEN, Denmark (AP) — Maersk, the world’s biggest shipping company, said Friday that it plans to eliminate 10,000 jobs due to what it described as a challenging environment for container trade and logistics services. The company said the move would result in savings of $600 million in 2024. The report cited “challenging market conditions resulting in substantially lower freight rates compared to the abnormally high rates in 2022.”A.P. Moller-Maersk CEO Vincent Clerc said the company will continue to streamline its organization and operations. The company said it now expected annual global container volume growth in the range of -2% to -0.5% compared to -4% to -1% previously.

Persons: — Maersk, ” A.P, Moller, Vincent Clerc, ” Clerc, “ Organizations: Maersk Locations: COPENHAGEN, Denmark, Copenhagen

☆ Obesity Drug Demand Outstrips Supply
▼ + stars: | 2023-11-02 | by ( David Wainer | ) www.wsj.com time to read: 1 min

Diabetes drugs could become an effective way to treat behavioral issues and addiction. WSJ’s Daniela Hernandez breaks down the science on how they work and how they could change psychiatry forever. Photo illustration: Elizabeth SmelovEli Lilly ’s blockbuster diabetes medication Mounjaro is expected to receive Food and Drug Administration approval as an obesity treatment before the end of the year, which would lead to a surge in demand. Whether there will be enough of the drug is a different question. Both Lilly and its competitor, Denmark’s Novo Nordisk , which makes Ozempic and its sister drug Wegovy, are struggling to meet skyrocketing demand for their medications.

Persons: WSJ’s Daniela Hernandez, Elizabeth Smelov Eli Lilly ’, Mounjaro, Lilly Organizations: Drug Administration, Denmark’s, Denmark’s Novo Nordisk Locations: Denmark’s Novo

Search resuls for: "denmark"

25 mentions found