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☆ Shipping giant Maersk is seeing tentative signs of a bounce back in global trade
▼ + stars: | 2023-09-15 | by ( Hannah Ward-Glenton | ) www.cnbc.com time to read: +2 min

Containers of Danish shipping and logistics company Maersk are seen in Copenhagen, Denmark, on September 14, 2023. Sergei Gapon | Afp | Getty ImagesThere are tentative signs of a bounce back in global trade, according to the CEO of shipping titan Maersk. North America is also looking strong for the next year, despite having faltered along with many other major economies due to macroeconomic factors, including Russia's full-scale invasion of Ukraine and tensions with China. "As this starts to normalize and works itself out, we will see a rebound in demand," Clerc said. "I would say emerging markets and North America are certainly the points where we see the most upside potential," he added.

Persons: Sergei Gapon, Vincent Clerc, CNBC's Silvia Amaro, Clerc, Kristalina Georgieva Organizations: Maersk, Afp, Getty, Consumers, IMF, CNBC Locations: Copenhagen, Denmark, U.S, Europe, India, Latin America, Africa, North America, Ukraine, China

☆ 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

[1/5] A view shows a sign for a heavy haulage convoy during transport of a nacelle of a wind turbine near a wind farm, in Biegen, Germany August 31, 2023. REUTERS/Lisi Niesner Acquire Licensing RightsBERLIN, Sept 7 (Reuters) - Germany's wind power expansion is facing an unexpected roadblock: builders need permits to transport the heavy turbines down the country's roads, and they are waiting months to get them. "Assuming nothing changes, it could cost 115 million euros extra by the end of the year," Felix Rehwald, a spokesperson for wind turbine manufacturer Enercon, told Reuters. Transport permits are needed to drive heavy loads over bridges and highways. The cost of applications had jumped to more than 1,000 euros per permit in 2021 from 100 euros, Nordex said.

Persons: Lisi Niesner, Felix Rehwald, Rehwald, Nordex, Kai Westphal, VDMA, Sebastian Steul, Steul, Morten Arnskov Boejesen, Soren Andersen, " Westphal, Johannes Gotfredsen, Toby Sterling, Riham, Thomas Escritt, Alexandra Hudson Organizations: REUTERS, Rights, Reuters, Transport, GmbH, Wednesday, of, of Danish Industry, Danish, Directorate, Alexandra Hudson Our, Thomson Locations: Biegen, Germany, Netherlands, Denmark, of Danish, Copenhagen, Amsterdam

However, as government policies started to line up in the industry's favor in recent years, offshore wind developers unveiled a host of new project proposals, mostly off the U.S. East Coast. Many contracts for offshore wind projects have no mechanism for adjustment in the case of higher interest rates or costs. In New York, offshore wind developers also sought to boost the price of power produced at their projects. Norway's Equinor EQNR.OL and its partner BP (BP.L) are seeking a 54% increase for the power produced at three planned offshore wind farms - Empire Wind 1 and 2 and Beacon Wind. But the offshore wind industry is not fully satisfied.

Persons: Joe Biden, Kevin Lamarque, Eli Rubin, Rubin, Equinor, France's, Scott DiSavino, Nerijus, Nichola Groom, Simon Webb, Marguerita Choy Organizations: Federal, State, White, REUTERS, U.S ., Dominion, EBW Analytics, Reuters, U.S . Federal Reserve, Commonwealth, BP, Nichola, Thomson Locations: Washington , U.S, U.S, Europe, U.S . East Coast, Rhode, Virginia, Massachusetts, New York, Oslo, Culver City

The logo of Russian technology giant Yandex is on display at the company's headquarters in Moscow, Russia December 9, 2022. Moscow already demands a 50% discount on all foreign deals after consultants selected by the Russian government have valued the business. But three people familiar with the exit process for foreign companies said that some deals are facing demands for additional discounts before the government gives a green light. Another person, who works on M&A transactions and with foreign companies, said deals exceeding $100 million were at particular risk of being denied. In its biannual financial stability review, the central bank said foreign companies under pressure to leave Russia were doing so on "unfavourable" terms.

Persons: Evgenia, Carlsberg's, Intesa, Vladimir Putin's, Suren Gortsunyan, Rybalkin, Gortsunyan, Alexey Kupriyanov, Elena Fabrichnaya, Alexander Marrow, Victor Goury, Josephine Mason, Jane Merriman Organizations: REUTERS, Reuters, Heineken, Arnest, Companies, Nasdaq, Russia, Dyakin, Partners, Aspring, Nato, Thomson Locations: Moscow, Russia, Ukraine, MOSCOW, Russian, London, Laffont, Gdansk

☆ Moscow banned 2 major Swiss banks from selling shares in its subsidiaries after a Russian bank said it would lose money from their exit
▼ + stars: | 2023-08-17 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

A Moscow court has banned UBS and Credit Suisse from disposing of shares in their Russian subsidiaries. Russia witnessed an exodus of Western companies after it invaded Ukraine. A Moscow court has banned two major Swiss banks — UBS and Credit Suisse — from trying to wriggle their way out of their Russian subsidiaries, Reuters reported on Tuesday, citing court documents. Moscow-based Zenit Bank requested the ban, citing concerns about losing money should the two Swiss banks exit, per the news agency. Zenit also requested the court to seize funds belonging to UBS and Credit Suisse, but the application was not granted, per Reuters.

Persons: UBS —, Vladimir Putin, Jeffrey Sonnenfeld Organizations: UBS, Credit Suisse, Zenit Bank ., Service, Credit Suisse —, Reuters, Zenit Bank, Zenit, Carlsberg, Danone, Yale School of Management Locations: Moscow, Zenit Bank . Russia, Ukraine, Wall, Silicon, Russia, Intergrain, Luxembourg, Russian

☆ Novo Nordisk shares pop after key trial data shows Wegovy cuts risk of heart attack or stroke by 20%
▼ + stars: | 2023-08-08 | by ( Sam Meredith | ) www.cnbc.com time to read: +2 min

Packages of the weight-loss drug Wegovy from the pharmaceutical company Novo Nordisk lie on the sales counter in a Danish pharmacy. Shares of Danish drugmaker Novo Nordisk soared on Tuesday, after late-stage trial data showed that its obesity drug Wegovy reduced the risk of major cardiovascular events such as heart attacks or strokes by 20%, compared with a placebo. Shares of Novo Nordisk rose nearly 16% during mid-morning deals, before paring gains. Martin Holst Lange, executive vice president for development at Novo Nordisk, said that the results showed that the company's obesity drug "has the potential to change how obesity is regarded and treated." "Therefore, we are very excited about the results from SELECT showing that semaglutide 2.4 mg reduces the risk of cardiovascular events."

Persons: Martin Holst Lange, Holst Lange Organizations: Novo Nordisk, Nordisk, Investors, Reuters Locations: Danish, semaglutide

CNN —Roared on by the majority of the 75,784 crowd inside Sydney’s Stadium Australia, co-host Australia reached the Women’s World Cup quarterfinals after an impressive 2-0 victory over Denmark in Sydney. “I felt a little bit disrespected because it’s not about me, it’s about the team and they’re preparing for a World Cup,” she said. Denmark came roaring back though, putting the Australian defense under pressure, with captain Pernille Harder at the forefront of most of its good attacking work. Try as Denmark may, it was Australia who got the next goal to effectively book its spot in the quarterfinals. “We’re feeling really, really happy, really positive,” Australian defender Clare Hunt told CNN after the victory.

Persons: CNN —, Sam Kerr, “, it’s, ” Kerr, Kerr, ”, we’ve, I’m, Mary Fowler, Caitlin Foord, Lene Christensen, Hayley Raso, Fowler, Christensen, Pernille Harder, Foord, David Gray, Emily van Egmond, Clare Hunt, ” Hunt Organizations: CNN, Sydney’s, Australia, Denmark Locations: Australia, Sydney, Denmark, France, Morocco, AFP, Raso

☆ Factbox: Moscow takes control over assets of Western companies
▼ + stars: | 2023-07-27 | by ( ) www.reuters.com time to read: +1 min

July 27 (Reuters) - President Vladimir Putin has signed decrees to take temporary control of assets belonging to some Western companies in Russia, in retaliation against foreign moves against Russian companies abroad, and warned in April the Kremlin could seize more. CARLSBERG (CARLb.CO)The Russian state took control of Danish beer company Carlsberg's stake in local brewer Baltika Breweries on July 16, putting it under "temporary management" of government property agency Rosimushchestvo, according to a decree signed by Putin. DANONE (DANO.PA)The Russian state took control of the French yoghurt maker Danone's Russian subsidiary Danone Russia on July 16, according to a decree signed by Putin, and brought it under temporary control of the government property agency. FORTUM (FORTUM.HE)On April 25, Putin signed a decree that established control over the Russian subsidiary of the Finnish utility company Fortum, which operates power plants in Russia. Compiled by Agata Rybska, Greta Rosen Fondahn; Editing by Nick MacfieOur Standards: The Thomson Reuters Trust Principles.

Persons: Vladimir Putin, Putin, Agata Rybska, Greta Rosen Fondahn, Nick Macfie Organizations: CARLSBERG, Baltika Breweries, Putin, DANONE, Danone Russia, Unipro, Thomson Locations: Russia, Russian, Finnish

Although only two people were expected to take part, the organisers said they would tear up and burn the Koran. Sweden sought NATO membership in the wake of Russia's invasion of Ukraine last year. But alliance member Ankara has held up the process, accusing Sweden of harbouring people it considers terrorists and demanding their extradition. While Swedish police have rejected several recent applications for anti-Koran demonstrations, courts have overruled those decisions, saying they infringed on freedom of speech. Prime Minister Ulf Kristersson said at a press conference on Wednesday he would not speculate about how the approved Koran burning could affect Sweden's NATO process.

Persons: Ulf Kristersson, Kristersson, Momika, Rasmus Paludan, Paludan, Louise Breusch Rasmussen, Marie Mannes, Johan Ahlander, Terje Solsvik, Peter Graff, Angus MacSwan Organizations: Police, NATO, Islam, Atlantic Treaty Organization, Swedish, Thomson Locations: STOCKHOLM, Stockholm, Turkey, Sweden, Ukraine, Ankara, Danish, Turkish, Saudi Arabia, Jordan, Kuwait, Copenhagen

☆ AI can predict your political views based on your looks, according to a recent study. It finds that 'attractive' women who smile are most likely to be conservative.
▼ + stars: | 2023-06-21 | by ( Aaron Mok | ) www.businessinsider.com time to read: +4 min

AI tools may be able to predict your political views, according to a new study. Researchers found that AI links right-wing views to people who look happy and women deemed "attractive." The ability to accurately predict someone's political leanings presents a "threat to privacy." AI may be able to predict your political views based on how you look — and that could cause issues down the line, new research suggests. The purpose of the March study, researchers wrote, "was to demonstrate the significant privacy threat posed by the intersection of deep learning techniques and readily-available photographs."

Locations: Denmark, Sweden

☆ Danish painters in the 19th century used beer brewing leftovers to prepare their canvases, scientists found
▼ + stars: | 2023-05-25 | by ( Associated Press | ) www.businessinsider.com time to read: +3 min

The masters used the byproduct of beer brewing to prep their canvases so paint wouldn't seep through, new research found. That suggests painters were turning to byproducts from local breweries to prepare canvases, they reported Wednesday in the journal Science Advances. "Then, by surprise, we found something completely different," said Andersen, a paintings conservator at the Royal Danish Academy. Instead, the Royal Danish Academy of Fine Arts, which prepared canvases for its artists, likely bought leftover mash from local breweries. This kind of recycling wasn't uncommon, Andersen added: Artists also used bits of sails for their canvases and boiled leather scraps for their glue.

☆ 'Too cheap to ignore': Bernstein predicts huge upside for these 3 clean energy stocks
▼ + stars: | 2023-05-10 | by ( Ganesh Rao | ) www.cnbc.com time to read: +4 min

But the sour sentiment toward the sector may be short-lived, according to the investment bank. Analysts at Bernstein say there is significant potential for growth in several clean energy companies, thanks to recent policy changes and increased investment. The investment bank added that despite the rising costs of renewable equipment and increasing rates, renewables remain more competitive than fossil fuels. Orsted Bernstein expects shares of Orsted to rise by nearly 60% to 975 Danish Krone ($144) a share. CATL Bernstein said battery-maker Contemporary Amperex Technology Co. Limited, also known as CATL, was its "top pick" in China.

☆ EU backs use of Novo Nordisk's weight loss drug in adolescents
▼ + stars: | 2023-03-31 | by ( ) www.reuters.com time to read: +1 min

March 31 (Reuters) - The European Medicines Agency said on Friday its committee has recommended expanding the use of Danish drugmaker Novo Nordisk's (NOVOb.CO) weight loss drug in adolescents aged 12 years and older. Novo's Wegovy, a semaglutide-based drug, activates GLP-1, a hormone that triggers the feeling of fullness in the body after eating. It has been approved in the U.S. and European Union for treatment of obesity in adults. The company did not indicate a timeline for its plans to launch the drug, already available in Denmark and Norway, in other EU countries. Earlier this year, the American Academy of Pediatrics also recommended use of weight-loss drugs in children aged 12 years or older.

☆ Fears of European industry exodus to U.S. may be overdone
▼ + stars: | 2023-03-03 | by ( Philip Blenkinsop | ) www.reuters.com time to read: +6 min

However, the risks are offset not only by the substantial existing European incentives, but also other factors - such as proximity to European consumers - that many companies cite as critical in their decisions. Think tank Bruegel says EU support is already on a par with, or even larger than, IRA money. Moreover, well over half of the IRA support is for renewable energy production, with local content requirements playing a very limited role. Some executives say rather than providing more subsidies, Europe needs to simply improve the way they are given. The United States is not a panacea for European firms, not least due to questions about what approach the next U.S. administration might take.

☆ Europe will lose out on medical innovation if draft EU reforms pass -Novo Nordisk CEO
▼ + stars: | 2023-03-02 | by ( Maggie Fick | ) www.reuters.com time to read: +3 min

LONDON, March 2 (Reuters) - Europe will lose out to countries like the U.S. and Japan on new medical research, trials and treatments unless draft rules reforming the European pharmaceutical landscape change, the CEO of Danish drugmaker Novo Nordisk (NOVOb.CO) warned on Thursday. It says drugs need to reach patients more quickly and in all European nations. Novo's Lars Jorgensen lamented that without changes to the current draft, his company would be forced to research, test and bring products in its pipeline to market in the United States and elsewhere, instead of in Europe. A lose, lose, lose," he said in an interview. The Commission's current draft was leaked in Brussels last month and will likely change even before debate in the European parliament and among governments.

☆ A.P. Moller Capital plans $750 mln infrastructure deals in South, Southeast Asia
▼ + stars: | 2023-02-20 | by ( Anshuman Daga | ) www.reuters.com time to read: +1 min

Moller Capital, the asset management unit of Danish transportation and logistics giant A.P. Moller Group, said on Monday it aims to invest more than $750 million in the high-growth markets of South and Southeast Asia. Moller Capital and our investment business in Asia, where we see significant opportunity...," said Dhruv Narain, partner at A.P. Moller Capital and head of its Asia team. Moller Capital manages more than $1.5 billion and has invested in 16 projects.

☆ European militaries are emptying their arsenals to send heavy-duty howitzers to Ukraine
▼ + stars: | 2023-02-13 | by ( Michael Peck | ) www.businessinsider.com time to read: +5 min

The US and European countries have sent scores of artillery pieces to Ukraine. Estonia has promised to transfer all 24 of its FH-70 towed 155 mm howitzers. But at least the US and large European militaries, like Britain, France, Germany, or even Sweden, have sufficiently large arsenals to send weapons to Ukraine while still retaining some equipment for their own forces. For example, the US is scrambling to boost production of 155 mm artillery shells as Ukraine fires up to 7,000 shells a day. But expanding manufacturing capacity for artillery shells may take years, while the artillery pieces themselves may not even be in production anymore.

☆ Thousands of Danes protest cancelling of public holiday
▼ + stars: | 2023-02-05 | by ( Johannes Birkebaek | ) www.reuters.com time to read: +2 min

[1/3] People take part in a protest outside of Danish Parliament building in Copenhagen, Denmark, February 5, 2023. REUTERS/Johannes BirkebaekCOPENHAGEN, Feb 5 (Reuters) - Thousands of people gathered in Copenhagen on Sunday to protest a bill put forward by the government to scrap a public holiday to help finance increased defence spending. Unions organising the protest estimated at least 50,000 people took part, which would make it Denmark's biggest demonstration in more than a decade. The government has proposed moving forward by three years to 2030 a goal of meeting a NATO defence spending target of 2% of GDP. It says most of the extra 4.5 billion Danish crowns ($654 million) needed to meet the target could be covered by the higher tax revenues it anticipates from abolishing the holiday.

☆ Erdogan to Sweden: Don't expect Turkish support for NATO bid after Stockholm protest
▼ + stars: | 2023-01-23 | by ( ) www.reuters.com time to read: +2 min

ANKARA, Jan 23 (Reuters) - Sweden should not expect Turkey's support for its NATO membership after a protest near the Turkish embassy in Stockholm at the weekend including the burning of a copy of the Koran, President Tayyip Erdogan said on Monday. "Those who allow such blasphemy in front of our embassy (in Stockholm) can no longer expect our support for their NATO membership," Erdogan said in a speech after a cabinet meeting. "But Sweden will respect the agreement that exists between Sweden, Finland and Turkey regarding our NATO membership," he added. Sweden and Finland applied last year to join NATO following Russia's invasion of Ukraine but all 30 member states must approve their bids. Turkey had already summoned Sweden's ambassador about the incident, cancelled a planned visit by Swedish defence minister to Ankara and strongly condemned the event.

☆ Protests in Stockholm, including Koran-burning, draw condemnation from Turkey
▼ + stars: | 2023-01-21 | by ( ) www.reuters.com time to read: +5 min

Permitting this anti-Islam act, which targets Muslims and insults our sacred values, under the guise of freedom of expression is completely unacceptable," the Turkish Foreign Ministry said. The Turkish ministry urged Sweden to take necessary actions against the perpetrators and invited all countries to take concrete steps against Islamophobia. Swedish Foreign Minister Tobias Billstrom said that Islamophobic provocations were appalling. "Saudi Arabia calls for spreading the values of dialogue, tolerance, and coexistence, and rejects hatred and extremism," the Saudi Foreign Ministry said in a statement. "We will continue our opposition to the Swedish NATO application," Thomas Pettersson, spokesperson for Alliance Against NATO and one of organizers of the demonstration, told Reuters.

☆ How to speed up the transition to green energy, according to leaders at Davos
▼ + stars: | 2023-01-19 | by ( Freya Graham | ) www.businessinsider.com time to read: +6 min

Leaders at Davos say government policy to incentivize the transition can push things forward. There's no 'silver bullet' solutionThe energy transition involves a huge variety of solutions coming together — renewable energy, electric vehicles, hydrogen technology, and nuclear power, to name a few, will all play a role. Andrés Gluski, CEO of energy company AES, said there isn't "one silver bullet" for the energy transition. Daniels said that while the US is using incentives to drive the energy transition, the EU is using rules and regulations. Ciorra also called China a champion of the electric transition, because "they are making this as a business."

☆ Hackers hit websites of Danish central bank, other banks
▼ + stars: | 2023-01-10 | by ( ) www.reuters.com time to read: +1 min

COPENHAGEN, Jan 10 (Reuters) - Hackers have disrupted access to the websites of Denmark's central bank and seven private banks in the country this week, according to the central bank and an IT firm that serves the industry. The websites of the central bank and Bankdata, a company that develops IT solutions for the financial industry, were hit by so-called distributed denials of service (DDoS), which direct traffic towards targeted servers in a bid to knock them offline. A spokesperson for the central bank said its website was working normally on Tuesday afternoon and the attack did not impact the bank's other systems or day-to-day operations. Access to the websites of seven private banks was briefly restricted on Tuesday after the DDoS attack on Bankdata, a company spokesperson said. The banks included two of Denmark's largest, Jyske Bank (JYSK.CO) and Sydbank (SYDB.CO), he said.

☆ UK watchdog narrows dividend-stripping investigation
▼ + stars: | 2022-12-15 | by ( Kirstin Ridley | ) www.reuters.com time to read: +6 min

A German court this week sentenced tax lawyer Hanno Berger, alleged to have masterminded one of the country's biggest post-war frauds, to eight years in jail. It is the highest-profile prosecution and longest sentence to date in a series of trials that have also convicted British bankers. Although Britain was not impacted by cum-ex trading, much of the structuring and organising of the scheme took place in London, according to lawyers and authorities, some of whom turned to the country for help unpicking what had happened. It does not have the power to investigate tax fraud, but can investigate civil and criminal market abuse. One warning notice was sent in June 2020 to an unnamed former chief executive, according to a 2021 High Court judgment.

☆ Danish PM picks right-leaning rivals as key ministers in new government
▼ + stars: | 2022-12-15 | by ( ) www.reuters.com time to read: +1 min

COPENHAGEN, Dec 15 (Reuters) - Denmark's Social Democratic Prime Minister Mette Frederiksen on Thursday appointed right-leaning political rivals as key ministers in her new reform-oriented bipartisan government. Opposition leader Jakob Ellemann-Jensen of the Liberal Party was appointed deputy prime minister and defence minister, while former prime minister and leader of the newly formed Moderates party, Lars Lokke Rasmussen, was appointed foreign minister. Nicolai Wammen of the Social Democratic Party retained his role as finance minister. Outgoing climate minister Dan Jorgensen will now head a new ministry for development cooperation and global climate policy. Reporting by Jacob Gronholt-Pedersen and Nikolaj Skydsgaard; Editing by Frank Jack Daniel and Tomasz JanowskiOur Standards: The Thomson Reuters Trust Principles.

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