DIRS.INFO The most relevant business & tech news

☆ Nord Stream leaks caused by deliberate actions, Denmark's prime minister says
▼ + stars: | 2022-09-27 | by ( ) www.reuters.com time to read: +2 min

Danish Minster of Defense Morten Boedskov, Prime Minister Mette Frederiksen, Climate Minister Dan Joergensen and Minister of Foreign Affairs Jeppe Kofod speak to the media about the three gas leaks on the Nord Stream gas pipelines in the Baltic Sea, in Copenhagen, Denmark September 27, 2022. Scanpix 2022/Emil Helms via REUTERSCOPENHAGEN, Sept 27 (Reuters) - Leaks detected in the Nord Stream gas pipelines clearly were caused by deliberate actions and could not have been a result of accidents, Denmark's Prime Minister Mette Frederiksen said on Tuesday. It was not an accident," Mette Frederiksen said at a press briefing in Copenhagen. The leaks, first reported on Monday, were in international waters but inside Denmark's and Sweden's exclusive economic zone. Danish authorities assess that the damage was caused by blasts, Energy Minister Dan Jorgensen said at the briefing.

A pressure gauge is seen at the landfall facility of the Baltic Sea gas pipeline Nord Stream 2 in Lubmin, Germany, September 19, 2022. "Overnight the Nord Stream 2 landfall dispatcher registered a rapid gas pressure drop on Line A of the Nord Stream 2 natural gas pipeline," Nord Stream 2's operator said in a statement. European countries have resisted Russian calls to allow the Nord Stream 2 pipeline to operate and accused Moscow of using energy as a weapon. Gazprom (GAZP.MM) referred questions about the incident to the Nord Stream 2 operator. Russia has cut off gas supplies to several countries and also halted flows through the Nord Stream 1 pipeline, blaming Western sanctions for hindering operations.

☆ Denmark to allow mink breeding again from 2023
▼ + stars: | 2022-09-23 | by ( ) www.reuters.com time to read: +1 min

Mink pelts are seen stored at Danpels, a mink pelting company, during the outbreak of the coronavirus disease (COVID-19) in Aars, Jutland, Denmark, December 11, 2020. REUTERS/Andrew KellyCOPENHAGEN, Sept 23 (Reuters) - Denmark will not extend a ban on mink breeding when the current ban expires at the turn of the year, the country's agriculture ministry said on Friday. The government introduced the temporary ban after it ordered the culling of about 17 million mink in 2020 over fears of the animals spreading a mutated coronavirus variant. The decision caused controversy after it emerged there had been no legal basis to call for healthy mink to be culled. "For the government, it has only been about public health when it comes to the question of mink breeding in Denmark," Agriculture Minister Rasmus Prehn said in a statement.

☆ Denmark to offer energy price support despite central bank warning
▼ + stars: | 2022-09-23 | by ( ) www.reuters.com time to read: +1 min

Register now for FREE unlimited access to Reuters.com RegisterCOPENHAGEN, Sept 23 (Reuters) - Danish lawmakers on Friday agreed an economic aid package worth 5.05 billion Danish crowns ($664 million) to soften the blow from rocketing energy prices, going against a warning from the central bank. The package included a cut to a levy on power prices and cash handouts to families with young children. Register now for FREE unlimited access to Reuters.com RegisterThe central bank this week warned against cushioning against higher energy prices by cutting levies, since that would result in even higher prices and discourage energy saving. Denmark has previously agreed to provide cash handouts to the elderly and has capped annual rent increases for the next two years to help struggling households. read more($1 = 7.6077 Danish crowns)Register now for FREE unlimited access to Reuters.com RegisterReporting by Jacob Gronholt-Pedersen and Nikolaj Skydsgaard, writing by Stine Jacobsen, editing by Terje Solsvik and Jason NeelyOur Standards: The Thomson Reuters Trust Principles.

☆ Finland says traffic on border with Russia remains busy
▼ + stars: | 2022-09-23 | by ( ) www.reuters.com time to read: +2 min

Cars queue to cross the border from Russia to Finland at the Nuijamaa border check point in Lappeenranta, Finland, September 22, 2022. Lauri Heino/Lehtikuva/via REUTERSRegister now for FREE unlimited access to Reuters.com RegisterVAALIMAA, Finland, Sept 23 (Reuters) - Traffic into Finland across its southeastern border with Russia was busy on Friday, the border guard told Reuters, adding that the number of Russians who entered the previous day was more than double the number who arrived the week before. Finland is considering barring most Russians from entering as traffic arriving from its eastern neighbour "intensified" on Thursday following President Vladimir Putin's order for a partial military mobilisation. "This morning it remains busy ... maybe increasing a little bit from yesterday," a spokesperson for the border guard said early on Friday. Register now for FREE unlimited access to Reuters.com RegisterReporting by Essi Lehto and Anna Ringstrom, writing by Stine Jacobsen, editing by Terje Solsvik, Robert BirselOur Standards: The Thomson Reuters Trust Principles.

☆ 'I am leaving Russia': young men flee draft, Finland to restrict entry
▼ + stars: | 2022-09-23 | by ( Essi Lehto | ) www.reuters.com time to read: +4 min

Cars queue to enter Finland from Russia at Finland's most southern crossing point Vaalimaa, around three hour drive from Saint Petersburg, in Vaalimaa, Finland September 23, 2022. Two days later, he was crossing the border into Finland. I am just for freedom, Russia (free) from Putin, democracy in Russia," he said, breaking into tears. Nikita was one of a dozen young men Reuters spoke to at the Vaalimaa border crossing in southeastern Finland, their number growing in the days since Putin announced the call-up of 300,000 military reservists. Traffic into Finland over its border with Russia was heavy on Friday.

☆ Finland says traffic on border with Russia increasing
▼ + stars: | 2022-09-22 | by ( ) www.reuters.com time to read: +1 min

Register now for FREE unlimited access to Reuters.com RegisterHELSINKI, Sept 22 (Reuters) - Traffic arriving at Finland's eastern border with Russia has "intensified" during the night, the Finnish Border Guard said early on Thursday, while adding that the situation was under control. "The number clearly has picked up," the Finnish border guard's head of international affairs Matti Pitkaniitty told Reuters. read moreWednesday's number of people crossing the border was, however, lower than during the weekend, according to Pitkaniitty. He said 4,824 Russians arrived in Finland via the eastern border on Wednesday, up from the 3,133 a week earlier. Register now for FREE unlimited access to Reuters.com RegisterReporting by Stine Jacobsen, Essi Lehto and Gwladys Fouche, editing by Terje Solsvik and Kim CoghillOur Standards: The Thomson Reuters Trust Principles.

☆ Norway's Vianode invests $194 in battery materials plant
▼ + stars: | 2022-09-21 | by ( ) www.reuters.com time to read: +1 min

Register now for FREE unlimited access to Reuters.com RegisterNorsk Hydro logo is seen displayed in this illustration taken, May 3, 2022. The plant will be able to produce anode graphite for roughly 20,000 electric vehicles (EVs) per year by 2024. Vianode also plans a second-phase plant with the capacity to provide materials to two million EVs per year by 2030, it said. Register now for FREE unlimited access to Reuters.com Register"The graphite materials from Vianode are produced with up to 90% lower CO2 emissions than today's standard materials." read more($1 = 10.3352 Norwegian crowns)Register now for FREE unlimited access to Reuters.com RegisterReporting by Stine Jacobsen, editing by Anna RingstromOur Standards: The Thomson Reuters Trust Principles.

☆ Germany nationalises gas importer Uniper
▼ + stars: | 2022-09-21 | by ( ) www.reuters.com time to read: +2 min

The Uniper logo is seen at the utility's firm headquarters in Duesseldorf, Germany, July 8, 2022. REUTERS/Wolfgang Rattay/File PhotoRegister now for FREE unlimited access to Reuters.com RegisterCompanies Fortum Oyj FollowUniper SE FollowBERLIN/HELSINKI, Sept 21 (Reuters) - Germany has agreed to nationalise Uniper (UN01.DE) by buying Fortum's (FORTUM.HE) stake in the gas importer to secure operations and keep its business going, the three parties involved said on Wednesday. Register now for FREE unlimited access to Reuters.com RegisterThe package "creates a clear ownership structure in order to secure Uniper, and thus the energy supply for companies, municipal utilities and consumers," it said. Russia cutting back natural gas supplies and last month closing the Nord Stream 1 gas pipe have led Uniper, Germany's largest gas importer, to financial dire straits, triggering a rescue package with Berlin which was agreed in July. ($1 = 1.0075 euros)Register now for FREE unlimited access to Reuters.com RegisterReporting by Essi Lehto, Anne Kauranen, Kirsti Knolle editing by Stine Jacobsen, Paul CarrelOur Standards: The Thomson Reuters Trust Principles.

☆ Telenor warns on 2022 profit amid massive restructuring plans
▼ + stars: | 2022-09-20 | by ( ) www.reuters.com time to read: +2 min

Register now for FREE unlimited access to Reuters.com RegisterTelenor logo is seen displayed in this illustration taken, May 3, 2022. Hit by soaring inflation and intense competition in many markets, the telecom operator's share price lost 27% year-to-date, while the stock closed at a 10-year low on Monday. read moreBoth units are run by Telenor Asia, which also operates the company's business in Pakistan and Bangladesh. Telenor completed a withdrawal from Myanmar in March following last year's military coup, arguing the situation in the country had become untenable. read moreRegister now for FREE unlimited access to Reuters.com RegisterReporting by Terje Solsvik; Editing by Stine Jacobsen and Sherry Jacob-PhillipsOur Standards: The Thomson Reuters Trust Principles.

☆ Sweden's Moderate Party leader gets nod to try form a new government
▼ + stars: | 2022-09-19 | by ( ) www.reuters.com time to read: +1 min

Moderate party leader Ulf Kristersson delivers a speach at the Moderate party election watch at the Clarion Sign Hotel, in Stockholm, Sweden, September 12, 2022.TT News Agency/Fredrik Sandberg via REUTERSOSLO, Sept 19 (Reuters) - Sweden's Moderate Party leader, Ulf Kristersson, has been handed a mandate to try and form the country's next government after a recent general election gave the right-wing bloc a majority, the speaker of parliament said on Monday. The Moderates, Sweden Democrats, Christian Democrats and Liberals won 176 seats in the 349-seat parliament, narrowly ahead of the centre-left's 173 seats, according to the Swedish election authority. read moreKristersson is widely expected to try to form a minority government, leaving one or two right-wing parties out while relying on their support in parliament. read moreThe election marks a watershed in Swedish politics with the anti-immigration Sweden Democrats, a party with roots in the white supremacist fringe, on the threshold of gaining influence over government policy. read moreRegister now for FREE unlimited access to Reuters.com RegisterReporting by Terje Solsvik, editing by Stine JacobsenOur Standards: The Thomson Reuters Trust Principles.

Tens of thousands of people are scrambling for homeowners insurance in Louisiana at the peak of hurricane season after recent storms drove their carriers out of business. Massive claims from those storms drove large national insurance companies to scale back their coverage and remaining companies to jack up rates. The strategy seemed to work: Rates eventually stabilized, although Louisiana remained one of the most expensive states for homeowners insurance. That pushed the small insurance companies to their financial limits and squeezed reinsurers, who raised their rates. The state insurer’s rolls, which totaled 34,500 in August 2020, ballooned to about 110,000 last week.

☆ Factbox: Europe's efforts to shield households from soaring energy costs
▼ + stars: | 2022-09-02 | by ( Susanna Twidale | ) www.reuters.com time to read: +9 min

Without the measure, average home energy bills were tipped to reach over 3,500 pounds a year in October with forecasts of much higher bills to come. CZECH REPUBLICThe Czech government has agreed to cap electricity and gas prices next year to shield households from soaring prices. ITALYItaly approved an aid package worth some 14 billion euros ($14 billion) in September to shield firms and families from surging energy costs. The measures came on top of some 52 billion euros already budgeted since January to soften the energy crisis in Italy. NORWAYNorway has been subsidising household electricity bills since December and now covers 80% of the portion of power bills above a certain rate.

Search resuls for: "stine"

13 mentions found