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☆ Sweden announces more military aid to Ukraine but no fighter jets for the moment
▼ + stars: | 2023-10-06 | by ( ) www.reuters.com time to read: +1 min

STOCKHOLM, Oct 6 (Reuters) - Sweden will send Ukraine a new military support package, worth 2.2 billion crowns ($199 million) and consisting mainly of artillery ammunition, Defence Minister Pal Jonson said on Friday. Jonson told a news conference the government had also formally tasked the armed forces with looking into whether Sweden would be able to send Jas Gripen fighter jets to Ukraine. He however also reiterated that Sweden would for domestic security reasons need to become member of NATO before it would be able to potentially spare any fighter jets. Sweden hopes to join the NATO defence alliance during the fall after its accession has been held up by member states Turkey and Hungary. The new military aid package will be Sweden's 14th to Ukraine since Russia's invasion, taking the total value of the Nordic country's such aid to just over 22 billion crowns.

Persons: Pal Jonson, Jonson, Jas, Palson, Emmanuel Macron, Olaf Scholz, Rishi Sunak, Volodymyr Zelenskiy, Anna Ringstrom, Louise Breusch Rasmussen, Essi Lehto, Philippa Fletcher Organizations: Jas Gripen, NATO, British, Thomson Locations: STOCKHOLM, Sweden, Ukraine, Turkey, Hungary, Granada, Europe, United States, Russia, U.S, Copenhagen

☆ Sweden pledges more military aid to Ukraine, considers fighter jets
▼ + stars: | 2023-10-06 | by ( ) www.reuters.com time to read: +2 min

Swedish Defence Minister Pal Jonson walks to pose for a family photo with other attendees during the informal EU ministerial meeting on defence in Toledo, Spain August 30, 2023. REUTERS/Isabel Infantes/File photo Acquire Licensing RightsSTOCKHOLM, Oct 6 (Reuters) - Sweden will send Ukraine a new military support package worth 2.2 billion crowns ($199 million) - consisting mainly of artillery ammunition - and is looking into sending fighter jets, Defence Minister Pal Jonson said. But he reiterated that Sweden would for domestic security reasons need to become member of NATO before it would be able to potentially spare any fighter jets. The new military aid package will be Sweden's 14th to Ukraine since Russia's invasion, taking the total value of the Nordic country's such aid to just over 22 billion crowns. "It is now important that more countries step up to support Ukraine."

Persons: Pal Jonson, Isabel Infantes, Jonson, Jas, Volodymyr Zelenskiy, Anna Ringstrom, Louise Breusch Rasmussen, Essi Lehto, Philippa Fletcher Organizations: Swedish, REUTERS, Rights, NATO, Thomson Locations: Toledo, Spain, Rights STOCKHOLM, Sweden, Ukraine, Turkey, Hungary, Granada, Russia, Europe, U.S, Copenhagen

☆ Volvo Cars September sales rise 25%, demand up in China
▼ + stars: | 2023-10-05 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Aly Song/File Photo Acquire Licensing RightsSTOCKHOLM, Oct 5 (Reuters) - Volvo Cars' (VOLCARb.ST) sales rose 25% in September from a year earlier to 61,666 cars as sales grew in China as well as in the U.S. and Europe, the Sweden-based group said on Thursday. In August, the group's total sales were up 18% on the back of increased demand in Europe and the U.S. while sales fell in China. Sales of fully electric cars were up 52% to account for 15% of all its cars sold in the month. All recharge models - also including hybrid cars - grew 37% to account for 34% of total sales. Shares in Volvo Cars, which targets double-digit retail sales growth for the full year, were up 2% in early trade.

Persons: Aly, China's Geely, Anna Ringstrom, Essi Organizations: Volvo, Auto Shanghai, REUTERS, Rights, China's, HK, Thomson Locations: Shanghai, China, Rights STOCKHOLM, U.S, Europe, Sweden

☆ Airline SAS assesses final bids for its bail-out from bankruptcy
▼ + stars: | 2023-09-26 | by ( ) www.reuters.com time to read: +2 min

TT News Agency/Johan Nilsson via REUTERS/File Photo Acquire Licensing RightsSTOCKHOLM, Sept 26 (Reuters) - Scandinavian airline SAS (SAS.ST) said on Tuesday it was evaluating final bids in an equity fundraising that closed a day earlier, and which is part of an ongoing bankruptcy protection process. The Sweden-listed company, which has been under U.S. "chapter 11" bankruptcy protection since July 2022, has since June extended the deadline for final bids twice, at the request of bidders. "SAS will announce the winning bidder or bidders as soon as the evaluation process has been completed," it said in a statement. The long-struggling carrier reported earlier a net loss of 4.41 billion Swedish crowns ($398 million) for the November through August period. SAS originally aimed to complete its restructuring by July, but the target has slipped to the end of the year.

Persons: Johan Nilsson, Anna Ringstrom, Essi Lehto Organizations: SAS Airbus, Kastrup, Scandinavian Airlines, TT News Agency, REUTERS, Rights, Scandinavian, SAS, Sweden, Reuters, Apollo Global Management Inc, Thomson Locations: Kastrup, Denmark, Rights STOCKHOLM, Sweden

☆ Nobel Prize award raised to nearly $1 million for 2023
▼ + stars: | 2023-09-15 | by ( ) www.reuters.com time to read: +1 min

The Nobel laureates and King Carl XVI Gustaf, Queen Silvia, Prince Daniel, Crown Princess Victoria of Sweden attends the Nobel Prize award ceremony at the Concert Hall in Stockholm, Sweden, December 10, 2022. TT News Agency/Christine Olsson via REUTERS/File Photo Acquire Licensing RightsSTOCKHOLM, Sept 15 (Reuters) - Winners of this year's Nobel Prizes will get an extra 1 million crowns, taking the total financial reward to 11 million Swedish crowns ($986,000), the Nobel Foundation, which administers the awards, said on Friday. In 2012, prize money was reduced from 10 million crowns to 8 million as the Foundation looked to shore up its finances. The prize amount was increased to 9 million in 2017 and in 2020 to 10 million - where it was prior to 2012. The Nobel Prize in Physiology or Medicine is the first of this year's prizes and will be announced on Oct. 2 followed by Physics, Chemistry, Literature and Peace on the following days.

Persons: King Carl XVI Gustaf, Queen Silvia, Prince Daniel, Crown Princess Victoria of, Christine Olsson, givers, Simon Johnson, Essi Organizations: Concert Hall, TT News Agency, REUTERS, Rights, Nobel Foundation, Physics, Thomson Locations: Crown Princess Victoria of Sweden, Stockholm, Sweden, Rights STOCKHOLM, Swedish

☆ Nobel Prize Award Raised to Nearly $1 Million for 2023
▼ + stars: | 2023-09-15 | by ( Sept. | At A.M. | ) www.usnews.com time to read: +1 min

STOCKHOLM (Reuters) - Winners of this year's Nobel Prizes will get an extra 1 million crowns, taking the total financial reward to 11 million Swedish crowns ($986,000), the Nobel Foundation, which administers the awards, said on Friday. In 2012, prize money was reduced from 10 million crowns to 8 million as the Foundation looked to shore up its finances. The prize amount was increased to 9 million in 2017 and in 2020 to 10 million - where it was prior to 2012. In 2013, the prizes for achievements in science, literature and peace - which were first awarded in 1901 - were worth around 1.2 million dollars, despite the cut in the Swedish currency sum to 8 million crowns. The Nobel Prize in Physiology or Medicine is the first of this year's prizes and will be announced on Oct. 2 followed by Physics, Chemistry, Literature and Peace on the following days.

Persons: givers, Simon Johnson, Essi Lehto Organizations: Nobel Foundation, Physics Locations: STOCKHOLM, Swedish, Sweden

☆ Norway wealth fund tells companies to plan for climate transition
▼ + stars: | 2023-09-15 | by ( ) www.reuters.com time to read: +1 min

A general view of the Norwegian central bank, where Norway's sovereign wealth fund is situated, in Oslo, Norway, March 6, 2018. The fund also published a policy concerning the use of voluntary carbon credits, which it said companies could use in certain cases. "We believe companies should prioritise reducing own emissions but can use additional and verified credits as a supplement to signal high climate ambitions," it said. Carbon credits should not be counted towards science-based interim emission reduction targets, and companies must be transparent about the details of credits they use, it added. "Ultimately, carbon removals will be needed by many companies seeking to achieve net zero emissions by 2050," the fund said.

Persons: Gwladys, Carine Smith Ihenacho, Terje Solsvik, Essi Organizations: REUTERS, Companies Norges Bank, Thomson Locations: Norwegian, Oslo, Norway, OSLO

☆ Norway will deliver gas to Europe for as long as needed, climate minister says
▼ + stars: | 2023-09-15 | by ( ) www.reuters.com time to read: 1 min

Espen Barth Eide, Norway's Minister of Climate and Environment, arrives at the informal meeting of EU environment ministers at the Scandinavian XPO in Marsta outside Stockholm, Sweden, April 18, 2023. TT News Agency/Henrik Montgomery via REUTERS/File Photo Acquire Licensing RightsOSLO, Sept 15 (Reuters) - Norway must continue to deliver natural gas to Europe for as long as needed while also working to decarbonise the continent's energy systems, the Norwegian climate and environment minister said on Friday. "We think it's strategically important that we uphold these deliveries while there is still use, but we also work for the elimination of use, for the transition from natural gas," Espen Barth Eide told a Reuters Newsmaker event. Reporting by Gwladys Fouche, editing by Terje Solsvik and Essi LehtoOur Standards: The Thomson Reuters Trust Principles.

Persons: Espen Barth Eide, Henrik Montgomery, Gwladys Fouche, Terje Solsvik Organizations: Norway's, TT News Agency, REUTERS, Rights, Reuters, Thomson Locations: Marsta, Stockholm, Sweden, Rights OSLO, Norway, Europe, Norwegian

View of the Ocean Explorer, a luxury cruise ship carrying 206 people that ran aground, in Alpefjord, Greenland, September 13, 2023. Danish Air Force/Arctic Command/Handout via REUTERS/File photo Acquire Licensing RightsCOPENHAGEN, Sept 14 (Reuters) - A luxury cruise ship that ran aground this week in a remote part of Greenland with 206 people on board was pulled free by a fishing trawler on Thursday. The Ocean Explorer cruise vessel had been stuck since Monday in mud and silt in the Alpefjord national park, some 1,400 km (870 miles) northeast of Greenland's capital Nuuk. The Ocean Explorer leaned to the side during the operation and passengers were not allowed to go outside, Hill said. Sydney-based Aurora Expeditions, which chartered the ship and organised the cruise, did not immediately respond to a request for comment.

Persons: Gina Hill, Hill, SunStone, Essi Lehto, Louise Breusch Rasmussen, Terje Solsvik, Mark Porter Organizations: Danish Air Force, Arctic Command, REUTERS, Rights, Reuters, Maritime Group, Aurora Expeditions, Thomson Locations: Alpefjord, Greenland, Rights COPENHAGEN, Greenland's, Nuuk, Danish, Sydney, Denmark

☆ Luxury cruise ship remains stuck in Greenland as tide fails to help
▼ + stars: | 2023-09-13 | by ( ) www.reuters.com time to read: +1 min

View of the Ocean Explorer, a luxury cruise ship carrying 206 people that ran aground, in Alpefjord, Greenland, September 12, 2023. Danish Air Force/Arctic Command/Handout via REUTERS Acquire Licensing RightsHELSINKI, Sept 13 (Reuters) - A luxury cruise ship carrying 206 people remained stuck in a remote Greenland location on Wednesday after running aground earlier this week, the vessel's operator and rescue services said. The Danish military's Joint Arctic Command (JAC) said Tuesday's tide had failed to lift the 104-metre (341-foot) Ocean Explorer enough to free it. Photos taken by a Danish air force plane on Tuesday showed the Ocean Explorer sitting upright in calm waters with the sun shining. The JAC said it remained in contact with nearby ships to see whether they would be able to help free the Ocean Explorer.

Persons: JAC, Aurora, Essi Lehto, Terje Solsvik, Christina Fincher Organizations: Danish Air Force, Arctic Command, REUTERS Acquire, Rights, Aurora Expeditions, Thomson Locations: Alpefjord, Greenland, Danish, Sydney, Greenland's, Nuuk, Denmark

☆ Volvo Cars August sales up 18%, lifted by US, Europe
▼ + stars: | 2023-09-04 | by ( ) www.reuters.com time to read: 1 min

An employee at a Volvo car dealer, wearing a protective mask is seen in the showroom, amid the coronavirus disease (COVID-19) outbreak in Brussels, Belgium May 28, 2020. REUTERS/Yves Herman/File Photo Acquire Licensing RightsHELSINKI, Sept 4 (Reuters) - Sweden's Volvo Cars (VOLCARb.ST) on Monday reported an 18% rise in monthly car sales for August compared to last year, propelled by European and U.S. demand. The carmaker sold 51,636 cars in August, out of which 33% were fully electric or plug-in hybrid, Volvo Cars added. European sales rose 46% from the same month last year to 16,051 cars, while U.S sales rose 31% to 10,644 cars, Volvo said in a statement. Volvo Cars is majority owned by China's Geely (0175.HK).

Persons: Yves Herman, China's Geely, Essi Lehto, Terje Solsvik Organizations: Volvo, REUTERS, Rights, European, HK, Thomson Locations: Brussels, Belgium, U.S, China

☆ Finland's Marin, once the world's youngest premier, steps down as party leader
▼ + stars: | 2023-09-01 | by ( Essi Lehto | ) www.reuters.com time to read: +3 min

Finland's Social Democrats Party Chair, former Prime Minister of Finland Sanna Marin waves from the stage before her resignation speech at the Party Congress of the Socialdemocrats of Finland in Jyvaskyla, Finland, September 1, 2023. Marin, who had announced her intention to quit soon after the election loss, was the world's youngest prime minister when she took the post in 2019 aged 34, attracting attention around the globe and helping lift Finland's profile. After her election loss, Marin said she looked forward to a quieter life and later also announced a divorce from her husband. Entering the stage on Friday to the beat of Aretha Franklin's "Respect", Marin thanked her party for its support. She was due to formally hand over the reins later on Friday after the Social Democrats elect a new leader.

Persons: Marin, Ulander, Sanna Marin, succesfully, Aretha Franklin's, Essi, Terje Solsvik, Frances Kerry Organizations: Finland's Social, Chair, Party Congress, REUTERS Acquire, Rights, Social Democrats, NATO, Vogue, Time, National Coalition, Finns, Thomson Locations: Finland, Jyvaskyla, COVID, Ukraine, Russia, U.S

☆ Nokia issues profit warning, rival Ericsson delivers 'lukewarm' results
▼ + stars: | 2023-07-14 | by ( Martin Coulter | ) www.reuters.com time to read: +3 min

Nokia's shares dropped 7.8% in early trade to their lowest since April 2021, while Ericsson shares were down 7.7%. Nokia reported preliminary second-quarter sales of 5.7 billion euros ($6.4 billion), while analysts polled by Refinitiv had estimated sales of 6 billion euros on average. Nokia said it now expects 2023 sales of 23.2-24.6 billion euros ($26.1-$27.6 billion) against 24.6-26.2 billion euros estimated previously. Meanwhile, Ericsson reported a 62% fall in second-quarter adjusted operating profit, slightly above market expectations. The Swedish telecom equipment maker's operating profits, excluding restructuring charges, fell to 2.8 billion Swedish crowns ($271 million), compared with 7.4 billion crowns the previous year.

Persons: Refinitiv, Börje Ekholm, Ericsson's, Richard Webb, Webb, we’ll, Martin Coulter, Anna Ringstrom, Krishna Chandra Eluri, Tom Hogue Organizations: Nokia, Ericsson, Markets, Reuters, 5G, CSS Insight, Thomson Locations: North America, India, Swedish

☆ Kahoot agrees to $1.72 billion cash offer from Goldman Sachs, other investors
▼ + stars: | 2023-07-14 | by ( ) www.reuters.com time to read: 1 min

COPENHAGEN, July 14 (Reuters) - Norway's Kahoot (KAHOT.OL) has agreed to a voluntary cash offer of 17.2 billion Norwegian crowns ($1.72 billion) from the private equity business within Goldman Sachs Asset Management and a group of other investors, the company said in a statement on Friday. Goldman set up Norwegian company Kangaroo for the offer that the bank is making with General Atlantic, Kirkbi invest, Glitrafjord and others, Kahoot said in a statement. The offer sent the shares up more than 10% to 34.5 crowns, nearing the offer price of 35 crowns per share. The planned transaction was unanimously recommended by Kahoot's board, the company said. ($1 = 9.9809 Norwegian crowns)Reporting by Louise Breusch Rasmussen, editing by Essi LehtoOur Standards: The Thomson Reuters Trust Principles.

Persons: Goldman, Kahoot, Louise Breusch Rasmussen, Essi Organizations: Goldman Sachs Asset Management, General Atlantic, Thomson Locations: COPENHAGEN

☆ Biden: US will defend every inch of NATO territory including Finland
▼ + stars: | 2023-07-13 | by ( ) www.reuters.com time to read: 1 min

HELSINKI, July 13 (Reuters) - President Joe Biden on Thursday called the U.S.-Nordic summit "very productive" and vowed to protect every inch of NATO territory including Finland. "The United States is committed to Finland, committed to NATO, and those commitments are rock solid," Biden said. Reporting by Steve Holland and Essi Lehto in HelsinkiOur Standards: The Thomson Reuters Trust Principles.

Persons: Joe Biden, Biden, Steve Holland, Essi Organizations: NATO, Thomson Locations: HELSINKI, U.S, Finland, United States, Helsinki

☆ Biden welcomes Finland to NATO ahead of summit with Nordic leaders
▼ + stars: | 2023-07-12 | by ( Steve Holland | ) www.reuters.com time to read: +3 min

Biden travelled to Finland, which shares a border with Russia, straight from this week's NATO talks in Vilnius, Lithuania to participate in a U.S.-Nordic summit with the leaders of Finland, Sweden, Denmark, Iceland and Norway. He will also hold a joint news conference with Finland's President Sauli Niinisto before heading back to Washington. Ahead of a bilateral meeting with Niinisto, Biden hailed Finland's as an "incredible asset" to the NATO military alliance. Niinisto said Finland's NATO membership heralded "a new era in our security", and applauded Biden for "creating unity" at the Vilnius summit which focused on uniting behind Ukraine. At this week's NATO summit, Biden described Finland and Sweden's push to join NATO as evidence Putin's "craven lust for land and power" had backfired, only serving to strengthen the military alliance.

Persons: Joe Biden disembarks, Finland Sauli, Joe Biden, Vladimir Putin, Biden, Sauli Niinisto, Niinisto, Finland's, Tayyip Erdogan, craven, Volodymyr Zelenskiy, Donald Trump, Putin, Steve Holland, Essi, Heather Timmons, Rosalba O'Brien, Emma Rumney Organizations: Air Force, United, Nordic, Summit, Read, NATO, Finland's, Russia, White, Ankara, White House, Thomson Locations: Helsinki, Vantaa, Finland, HELSINKI, Russia, Vilnius, Lithuania, U.S, Sweden, Denmark, Iceland, Norway, Washington, Soviet, Ukraine, Turkey

☆ Finland's parliament backs Petteri Orpo as PM, replacing Sanna Marin
▼ + stars: | 2023-06-20 | by ( ) www.reuters.com time to read: +1 min

[1/2] National Coalition Party chair PM-designate Petteri Orpo speaks to the media, on the day of a press conference, where the four-party cabinet released the details of the governing agenda, in Helsinki, Finland, June 16, 2023. Lehtikuva/Kimmo Penttinen via REUTERSHELSINKI, June 20 (Reuters) - Finland's newly elected parliament on Tuesday voted in favour of National Coalition Party leader Petteri Orpo to become prime minister, as widely expected, ushering in a right-wing government and ending Social Democrat Sanna Marin's rule. The new finance minister will be Riikka Purra, head of the eurosceptic Finns Party, while the NCP's deputy leader Elina Valtonen will become foreign minister when the government takes office later on Tuesday. "I warmly thank you for the confidence you've shown me," Orpo told parliament shortly after the vote. A self-styled fiscal conservative, Orpo campaigned on a promise to reduce the government's budget deficit by cutting spending while also reducing taxes and seeking to boost private sector job creation.

Persons: Petteri Orpo, Penttinen, Sanna, Elina Valtonen, Orpo, Essi Lehto, Terje Solsvik Organizations: National Coalition Party, REUTERS, NCP, Finns, Swedish People's Party, Christian Democrats, eurosceptic Finns Party, Finns Party, Thomson Locations: Helsinki, Finland, REUTERS HELSINKI

☆ Without climate change, these extreme weather events would not have happened
▼ + stars: | 2023-06-15 | by ( Rachel Ramirez | ) edition.cnn.com time to read: +13 min

People often want to know if an extreme weather event happened because of climate change, said Friederike Otto, climate scientist and co-lead of the World Weather Attribution initiative. And, more often than not, they are finding the clear fingerprints of climate change on extreme weather events. “We’re always going to have extreme weather, but if we keep driving in this direction, we’re gonna have a lot of extreme weather,” said Ted Scambos, a glaciologist at the University of Colorado-Boulder. Alexander Nemenov/AFP/Getty ImagesSiberian heat wave, 2020In 2020, a prolonged, unprecedented heat wave seared one of the coldest places on Earth, triggering widespread wildfires. A study from the journal Nature Climate Change found the period from 2000 to 2021 was the driest the West has ever been in 1,200 years, noting human-caused climate change made the megadrought 72% worse.

Persons: Friederike Otto, Otto, We’re, we’re, ”, Ted Scambos, Alexander Nemenov, Andrew Ciavarella, Kathryn Elsesser, San Salvador de la, Aitor De Iturria, ” Otto, Mamunur Rahman Malik, “, Fadel Senna, Debarchan Chatterjee, Saeed Khan, koalas, David Paul Morris, Lake Powell, Hurricane Ian, Ricardo Arduengo, Ian, Lawrence, Abdul Majeed, António Guterres Organizations: CNN, University of Colorado -, Getty, UK’s Met, Oregon Convention, Northern, World Health Organization, South Asia, Bloomberg, Western, Stony Brook University, Lawrence Berkeley National Laboratory ., UN Locations: University of Colorado - Boulder, Siberia, AFP, Oregon, Portland, Pacific, . Oregon, Washington, Canada, British Columbia, Canadian, Lytton, San Salvador de, Cercs, Catalonia, Spain, North America, Europe, China, Dahably, Wajir County, Kenya, Africa, Horn of Africa, Somalia, Ethiopia, Masseoud, Morocco, Portugal, Algeria, Kolkata, India, South Asia, South, Vietnam, Myanmar, Laos, Bangladesh, Thailand, New South Wales, Australia, Oroville, Oroville , California, States, California, Lake Oroville, Lake Mead, Lake, Nevada, Arizona, Mexico, Hurricane, Matlacha , Florida, Caribbean, Florida, Swat, Bahrain, Khyber Pakhtunkhwa, Pakistan, Sindh, Balochistan

☆ Orsted to invest $68 bln in power capacity by 2030
▼ + stars: | 2023-06-08 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Phil Noble/File PhotoOSLO, June 8 (Reuters) - Renewable energy group Orsted (ORSTED.CO) will invest 475 billion Danish crowns ($68.3 billion) to achieve a 2030 goal to install 50 gigawatts (GW) of power capacity, it said ahead of an investors' update later on Thursday. The Danish company said the plans were fully self-funded and it expected to exceed goals set in 2021 for earnings before interest, tax, depreciation and amortisation (EBITDA) as well as for return on capital employed (ROCE). "We're on track to outperform our previous EBITDA and ROCE targets for 2020-2027, confirming the significant value in our portfolio of renewable projects," Chief Executive Mads Nipper said in a statement. 1 offshore wind farm developer by gigawatt capacity, operates 15.5 GW of renewable energy assets. Capacity of 4.9 GW is under construction and projects representing another 10.6 GW have been awarded, it said.

Persons: Orsted, Phil Noble, Mads Nipper, Bernstein, Terje Solsvik, Essi Lehto, David Goodman, Barbara Lewis Organizations: REUTERS, Thomson Locations: Walney, Blackpool, Britain, OSLO, Danish

☆ Volvo Cars sales up 31% in May
▼ + stars: | 2023-06-05 | by ( ) www.reuters.com time to read: 1 min

HELSINKI, June 5 (Reuters) - Sweden-based Volvo Cars (VOLCARb.ST) on Monday posted a 31% rise in monthly sales figures year-on-year, saying it had sold 60,398 cars in May. The car manufacturer, majority-owned by China's Geely (0175.HK), saw May sales of fully electric cars double to 10,826. In the company's biggest market Europe, sales rose 40% while sales were up 49% in China and 14% in the United States, the Volvo Cars said in a statement. Reporting by Essi Lehto, editing by Terje SolsvikOur Standards: The Thomson Reuters Trust Principles.

Persons: China's Geely, Essi Lehto, Terje Solsvik Organizations: Volvo, HK, Thomson Locations: HELSINKI, Sweden, Europe, China, United States

☆ Finland prime minister divorces husband
▼ + stars: | 2023-05-10 | by ( ) www.reuters.com time to read: +1 min

HELSINKI, May 10 (Reuters) - Finland's outgoing Prime Minister Sanna Marin has filed for divorce jointly with her husband of three years Markus Raikkonen, they said on Instagram on Wednesday. Marin and Raikkonen, who until recently worked at a venture capital firm, share a 5-year-old daughter. They married in 2020 while Marin was in office dealing with the impact of the COVID-19 pandemic. Marin and her Social Democratic Party lost Finland's election for parliament last month, trailing the right-wing National Coalition Party as well as the nationalist Finns Party. Marin, 37, the world's youngest prime minister when she took office in 2019, is considered by fans around the globe as a millennial role model for progressive new leaders, even as voters at home opted for a new government.

☆ Norway's King Harald in hospital with infection, condition stable
▼ + stars: | 2023-05-08 | by ( ) www.reuters.com time to read: 1 min

OSLO, May 8 (Reuters) - Norway's King Harald has been hospitalised to receive treatment for an infection, the royal household said in a statement on Monday. The 86-year-old monarch was in a stable condition and will remain in hospital for a few days, it added. The king had been due to attend a ceremony in Oslo on Monday commemorating the end of World War Two. King Harald has been Norway's ceremonial head of state since 1991. Reporting by Terje Solsvik, editing by Essi LehtoOur Standards: The Thomson Reuters Trust Principles.

The Ukrainian president cited prior examples of battlefield successes that were followed by Ukraine being granted new types of military aid. I would rather it was the other way round, as it would be easier for us, but it is like it is, and we are grateful for everything," the Ukrainian president said. "But we like your aircraft, just so you know Mr President," Zelenskiy quipped. "We need security guarantees today, while we are not in NATO," Zelenskiy said. A spokesperson for Zelenskiy in a statement said the Ukrainian government expected the summit to result in a joint statement.

Volvo Cars, majority-owned by China's Geely Holding, said operating earnings fell to 5.1 billion Swedish crowns ($494.63 million) in the quarter from a year-ago 6 billion crowns, beating a mean forecast of 3.6 billion crowns, according to Refinitiv estimates. The automaker reaffirmed its outlook for "solid double-digit growth" in retail sales this year, provided there were no major supply disruptions. While demand for the company's cars was healthy, macroeconomic conditions were challenging, CEO Jim Rowan said. Lithium prices, a large source of cost for electric cars, had started to decline, expecting the full effect to kick in a few months' time, the CEO said. ($1 = 10.3107 Swedish crowns)Reporting by Marie Mannes, editing by Essi LehtoOur Standards: The Thomson Reuters Trust Principles.

☆ Russia seizes more Western assets, narrowing options for company exits
▼ + stars: | 2023-04-26 | by ( ) www.reuters.com time to read: +4 min

President Vladimir Putin late on Tuesday signed a decree establishing temporary control of the Russian assets of the two European state-owned energy firms. The decree - outlining possible retaliation if Russian assets abroad are seized - showed Moscow had already taken action against Uniper's (UN01.DE) Russian division Unipro (UPRO.MM) and Fortum's assets. The European Union is looking at using frozen Russian assets to rebuild Ukraine. "Fortum's current understanding is that the new decree does not affect the title (registered ownership) of the assets and companies in Russia," the company said in a statement. Rosimushchestvo said more foreign firms' assets could come under temporary Russian control.

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