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☆ SAS slides 95% as Scandinavian airline's shareholders wiped out
▼ + stars: | 2023-10-04 | by ( Louise Rasmussen | ) www.reuters.com time to read: +2 min

COPENHAGEN, Oct 4 (Reuters) - SAS shares slumped by as much as 95% on Wednesday after the airline announced a financial restructuring on Tuesday to prevent bankruptcy, bringing on board big new investors and wiping out the stakes of its more than 250,000 owners. SAS (SAS.ST) said U.S. investment firm Castlelake and Air France-KLM (AIRF.PA) would become new major shareholders alongside the Danish state, and that the airline's stock will be delisted from the Stockholm, Copenhagen and Oslo exchanges. Scandinavian Airlines (SAS) flights are seen listed at Copenhagen Airport Kastrup in Copenhagen, Denmark, July 3, 2022. Shares in SAS, which have tumbled in recent years, traded down 83% at 1144 GMT to 0.05 Swedish crowns ($0.0045). "Management itself has come out to say there was a risk that the shares will become worthless.

Persons: Andrew Kelly, Lind, Jacob Pedersen, Pedersen, Louise Breusch Rasmussen, Anna Ringstrom, Terje Solsvik, Alexander Smith Organizations: SAS, Air France, KLM, France, Scandinavian Airlines, Copenhagen, REUTERS, Lind Invest, Thomson Locations: COPENHAGEN, United States, Danish, Stockholm, Copenhagen, Oslo, Amsterdam, Paris, Denmark

☆ SAS stock dives 95% as restructuring announced
▼ + stars: | 2023-10-04 | by ( ) www.reuters.com time to read: +1 min

Scandinavian Airlines (SAS) flights are seen listed at Copenhagen Airport Kastrup in Copenhagen, Denmark, July 3, 2022. REUTERS/Andrew Kelly/File Photo Acquire Licensing RightsCOPENHAGEN, Oct 4 (Reuters) - Shares in SAS (SAS.ST) tumbled 95% at market open on Wednesday after the Scandinavian airline announced new big shareholders late on Tuesday in a restructuring that will see the group delisted from bourses and existing ownership stakes erased. SAS said U.S. investment firm Castlelake and Air France-KLM (AIRF.PA) would become new major shareholders in the airline alongside the Danish state following bankruptcy proceedings. Castlelake will take a stake of about 32%, Air France-KLM will own around 20%, Lind Invest 8.6% and the Danish state will hold about 26%, SAS said. SAS shares, which already tumbled in recent years traded down 79% at 0742 GMT to 0.06 Swedish crowns ($0.0054).

Persons: Andrew Kelly, Lind, Louise Breusch Rasmussen, Anna Ringstrom, Terje Solsvik Organizations: Scandinavian Airlines, SAS, Copenhagen, REUTERS, Rights, Air France, KLM, Lind Invest, Thomson Locations: Copenhagen, Denmark, Rights COPENHAGEN, Danish, United States, Stockholm

☆ Airline SAS says investment firm Castlelake, Air France-KLM to become new shareholders
▼ + stars: | 2023-10-03 | by ( ) www.reuters.com time to read: +1 min

TT News Agency/Johan Nilsson via REUTERS/File Photo Acquire Licensing RightsCOPENHAGEN, Oct 3 (Reuters) - Scandinavian airline SAS (SAS.ST) said on Tuesday that investment firm Castlelake and Air France-KLM (AIRF.PA) would become new major shareholders in the airline alongside the Danish state following bankruptcy proceedings. Castlelake will take a stake of around 32%, Air France-KLM's will be around 20%, while the Danish state will hold about 26%, SAS said. Lind Invest, a Danish investment firm, will hold 8.6% of equity, SAS said. The company said total investments in the reorganized SAS would amount to 12.9 billion Swedish crowns ($1.16 billion). ($1 = 11.1283 Swedish crowns)Reporting by Jacob Gronholt-Pedersen and Louise Rasmussen, editing by Gwladys FoucheOur Standards: The Thomson Reuters Trust Principles.

Persons: Johan Nilsson, Castlelake, Lind, Carsten Dilling, Dilling, Jacob Gronholt, Pedersen, Louise Rasmussen, Gwladys Organizations: SAS Airbus, Kastrup, Scandinavian Airlines, TT News Agency, REUTERS, Rights, Scandinavian, SAS, Air France, KLM, Air, Lind Invest, Apollo Global Management, Thomson Locations: Kastrup, Denmark, Rights COPENHAGEN, Danish, Air France, Stockholm, United States

☆ 'Private equity is now king' for the ultra-rich, says Tiger 21, an exclusive club of investors
▼ + stars: | 2023-09-25 | by ( Elliot Smith | ) www.cnbc.com time to read: +2 min

Michael Sonnenfeldt, Tiger 21 Scott Mlyn | CNBCPrivate equity is currently "king" among members of Tiger 21 — a network of ultra-high net worth entrepreneurs and investors — according to its founder and chairman, Michael Sonnenfeldt. The private equity industry had an especially tough 2022 after a decade-long bull run, but has picked up so far this year. Sonnenfeldt told CNBC on Friday that Tiger 21 members, who collectively manage around $150 billion in assets, have increased their allocation to private equity threefold over the last decade, and see further opportunities amid an expected boom for companies exposed to AI and climate. Most Tiger 21 members are entrepreneurs who have sold their companies and are now in the business of wealth preservation. According to a quarterly report from EY, private equity activity climbed 15% in the second quarter of 2023 versus the first, with total deal values hitting $114 billion on the back of a steep rise in Europe.

Persons: Michael Sonnenfeldt, Scott Mlyn, Sonnenfeldt, —, Dan Rasmussen Organizations: CNBC, Tiger Locations: EY, Europe

☆ The next decade could be significantly worse for private equity, says Verdad Advisers' Rasmussen
▼ + stars: | 2023-09-22 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe next decade could be significantly worse for private equity, says Verdad Advisers' RasmussenDan Rasmussen, partner at Verdad Advisers, joins 'The Exchange' to discuss negative returns in private equity, the impact of rising interest rates in private equity, and more.

Persons: Rasmussen Dan Rasmussen Organizations: Verdad Advisers

☆ NextEra workers roll the dice with big bet on company stock
▼ + stars: | 2023-09-21 | by ( Tim Mclaughlin | ) www.reuters.com time to read: +8 min

America’s largest renewable power company is among several U.S. energy and utility companies, including Exxon and Southern Company, that continue to promote big, concentrated bets on company stock in worker retirement plans. Nearly 50% of the investments in NextEra’s employee-funded 401(k) retirement plan are in company stock, the highest among all 30 companies in the S&P 500 Utilities Sector (.SPLRCU). NextEra declined to comment on its use of company stock in employee 401(k) plans. "If we saw a concentration of more than 20% in a single company stock, we would definitely tell them it's a big risk." `Keith Rasmussen, a retired geologist, said he still feels the financial repercussions of holding big bets on company stock in his retirement plans.

Persons: Robert Knoche, Yoon, NextEra, ”, Alicia Munnell, Kristin McKenna, McKenna, Ryan Frazier, Keith Rasmussen, jolt, Rasmussen, “, ” Rasmussen, Richard Valdmanis, Anna Driver Organizations: REUTERS, Exxon, Southern Company, Corporate America, Enron, Utilities, Vanguard Group, Center for Retirement Research, Boston College, Employees, Silicon Valley Bank, Darrow Wealth Management, SEC, Corporations, U.S . Securities, Exchange Commission, Southern Co, Dominion Energy Inc, Dominion, Chesapeake Energy Corp, Thomson Locations: Douglas County , Kansas, U.S, Silicon, Boston, Atlanta , Georgia

☆ Saab wins expanded U.S. contract for anti-armour system
▼ + stars: | 2023-09-18 | by ( ) www.reuters.com time to read: 1 min

The logo of Swedish manufacturer Saab is seen on a car in Prague June 13, 2012. REUTERS/David W Cerny/File Photo Acquire Licensing RightsCOPENHAGEN, Sept 18 (Reuters) - Swedish defence equipment maker Saab (SAABb.ST) said on Monday the U.S. Department of Defense has expanded a framework deal for AT4 anti-armour systems and Carl-Gustaf ammunition, and placed a new order worth $104.9 million for delivery from 2024 to 2026. The extension of the agreement, which was originally signed in 2019, will allow the U.S. to buy Saab's close combat solutions for up to $422 million, including the new order announced on Monday, Saab said. The latest order will support the U.S. army, U.S. Special Operations Command and the U.S. Marine Corps, Saab said. Reporting by Louise Breusch Rasmussen, editing by Terje SolsvikOur Standards: The Thomson Reuters Trust Principles.

Persons: David W Cerny, Gustaf, Louise Breusch Rasmussen, Terje Solsvik Organizations: Saab, REUTERS, Rights, U.S . Department of Defense, U.S ., Special Operations Command, U.S . Marine Corps, Thomson Locations: Swedish, Prague, Rights COPENHAGEN

☆ The global treasures in the running for UNESCO’s World Heritage status
▼ + stars: | 2023-09-15 | by ( Tamara Hardingham-Gill | ) edition.cnn.com time to read: +9 min

This year, the UNESCO World Heritage Committee is reviewing nominations from both 2022 and 2023, with participants from across the world attending the session in Riyadh, Saudi Arabia to examine almost 50 contenders. According to UNESCO, sites must be of “outstanding universal value” to be included on the World Heritage List. So far, the World Heritage Committee has inscribed approximately 1,157 sites in 167 different countries onto the World Heritage List. Seo Heun Kang/UNESCO World Heritage Nomination OfficeOnly those countries that sign the convention creating the World Heritage Committee and list are permitted to nominate sites. Gordion, the capital city of ancient Phrygia in Ankara, Turkey, is also nominated for a place on the UNESCO World Heritage List.

Persons: John E, Seo Heun Kang, Bale, Gordion, Mustafa Ciftci, Midas, Morten Rasmussen, Sarah Langrand, Dominique Marck, Bani Ma’arid, Bani Ma'arid, Hamad Al Qahtani, Koh Ker, Mount Pelée, Canada Bale, Francesca Street Organizations: CNN, UNESCO, United Nations Educational, Cultural Organization, UNESCO World Heritage, Heritage, World, Anadolu Agency, Danish Agency for Culture, Fine Arts Department, de Nîmes, National Center for Wildlife, Architectural Museum, Kazan Federal University, Khinalig, Tunisia ESMA Museum, Clandestine Center of Detention, Wooden Posts, Greece Historic Center of Guimarães Locations: Gaya, Denmark, Thai, Ohio, Riyadh, Saudi Arabia, Hancock, United States, Goryeong, South Korea, Addis Ababa, Phrygia, Turkey, Ankara, B.C.E, Madagascar, Si Thep, Thailand, Si, Nîmes, France, Gorokhovets, Russia, Vladimir Oblast, Erfurt, Germany, Cambodia, Khmer, Courland, Latvia, Kaunas, Lithuania, Ab’aj, Guatemala, India, Karakum, Tajikistan, Menorca, Spain, Ethiopia, Iran, Klondike, Canada, Czech, Odzala, Kokoua, Congo, Mount, Northern Martinique, Benin Ha Long, Ba Archipelago, Vietnam, Forests, Azerbaijan, Jericho, Palestinian Territories, Kazan, Tunisia, Argentina, Belgium, Suriname Royal, Netherlands, Anatolia, Bisesero, Rwanda, Yogyakarta, Indonesia, Masouleh, Turan, Kazakhstan, Turkmenistan, Uzbekistan, Northern Apennines, Italy, Tajikistan Highlands, Mongolian, Mongolia, Greece, Portugal

Earlier this week, the cruise ship made two failed attempts to float free on its own during high tide. The cruise ship ran aground above the Arctic Circle on Monday in Alpefjord, which is in the Northeast Greenland National Park. The Greenland Nature Institute’s fisheries research vessel Tarajoq attempted to pull the Ocean Explorer free at high tide on Wednesday morning. “Unfortunately, the attempt was not successful,” said the Danish Joint Arctic Command, which was coordinating the operation to free the cruise ship. The cruise ship is operated by Australia-based Aurora Expeditions and has passengers from Australia, New Zealand, South Korea, the United Kingdom and the United States.

Persons: ”, Knud Rasmussen, Steven Fraser, Gina Hill, ” Fraser Organizations: Arctic Command, Aurora Expeditions, Sydney Morning Herald, Sirius, Command Locations: COPENHAGEN, Denmark, Bahamas, Greenland, Alpefjord, France, Spain, Ittoqqortoormiit, Nuuk, Danish, Australia, New Zealand, South Korea, United Kingdom, United States

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

☆ Cruise ship Ocean Explorer runs aground in Greenland
▼ + stars: | 2023-09-13 | by ( Zahid Mahmood | James Frater | ) edition.cnn.com time to read: +2 min

CNN —A cruise ship carrying 206 passengers and crew has run aground on a remote stretch of Greenland and could potentially be stuck for days waiting for the nearest ship to arrive to help. The Ocean Explorer got into trouble on Monday in Alpefjord, a dramatic and rugged stretch of Northeast Greenland National Park, and has not been able to free itself, according to a statement from Denmark’s Joint Arctic Command (JAC). “As soon as we realized that the Ocean Explorer could not get free on its own, we sent a ship towards the wreck,” Arctic Commander Brian Jensen said. Jensen said the Ocean Explorer could still re-float on a high tide, but failing that, the Knud Rasmussen would assist. According to the statement, the Government of Greenland, the Danish Maritime Authority and the Danish Accident Investigation Board have been informed of the incident.

Persons: ”, Knud Rasmussen, Brian Jensen, “, Jensen, Tamara Hardingham, Gill Organizations: CNN, Arctic Command, Aurora Expeditions, Command, Danish Maritime Authority, Danish Locations: Greenland, Alpefjord, Northeast Greenland, Government

☆ Luxury cruise ship carrying 206 people runs aground in remote Greenland
▼ + stars: | 2023-09-12 | by ( ) www.reuters.com time to read: +1 min

COPENHAGEN, Sept 12 (Reuters) - A luxury cruise ship carrying 206 people has run aground in remote eastern Greenland with the nearest help by sea days away, the Danish military's Joint Arctic Command (JAC) said on Tuesday. The Ocean Explorer ran aground on Monday in Alpefjord in a national park some 1,400 km (870 miles) northeast of Greenland's capital Nuuk, the JAC said in a statement. "A cruise ship in trouble in the national park is obviously a worry. A spokesperson for Australian cruise operator Aurora Expeditions said in an emailed statement everyone on board was safe and well. The Arctic command said it had asked a cruise ship located nearer to the Ocean Explorer to stay in the area so that it would be able to assist in case the situation changes.

Persons: JAC, Brian Jensen, Louise Breusch Rasmussen, Terje Solsvik, Nick Macfie Organizations: Arctic Command, Explorer, Aurora Expeditions, Thomson Locations: COPENHAGEN, Greenland, Danish, Alpefjord, Greenland's, Nuuk

☆ Sweden to consider sending fighter jets to Ukraine, SR radio reports
▼ + stars: | 2023-09-12 | by ( Louise Rasmussen | ) www.reuters.com time to read: +1 min

[1/2] Sweden's jet fighter JAS 39 Gripen E flies over the Gotland island in the Baltic Sea, May 11, 2022. TT News Agency/Henrik Montgomery via REUTERS/File Photo Acquire Licensing RightsCOPENHAGEN, Sept 12 (Reuters) - The Swedish government is considering donating Gripen fighter jets to Ukraine to help it fight Russia, Swedish public radio (SR) reported on Tuesday, citing unnamed sources. The government wants to know, among other things, how a handover would affect Sweden's defence capabilities and how quickly Sweden could get new Gripen fighters, SR reported. The Netherlands and Denmark have led a push to supply Ukraine with U.S.-made F-16 fighter jets to help counter Russia's air superiority in the war. According to the SR report, Ukraine hopes to receive one division of Gripen jets, made by Sweden's Saab <SAABb.ST>, or 16-18 planes.

Persons: JAS, Henrik Montgomery, Sweden's, Gripens, Louise Breusch Rasmussen, Terje Solsvik, Kevin Liffey Organizations: TT News Agency, REUTERS, Rights, Gripen, Sweden's Saab, NATO, Thomson Locations: Gotland, Baltic, Rights COPENHAGEN, Swedish, Ukraine, Russia, Sweden, Netherlands, Denmark, U.S, Turkey, Hungary

☆ Denmark to donate military aid package to Ukraine, worth $833 mln
▼ + stars: | 2023-09-12 | by ( ) www.reuters.com time to read: +1 min

Christiansborg Palace is lit in the colours of the Ukrainian flag to show support to Ukraine on the one-year anniversary of Russia's invasion, in Copenhagen, Denmark February 24, 2023. Ritzau Scanpix/Mads Claus Rasmussen via REUTERS Acquire Licensing RightsCOPENHAGEN, Sept 12 (Reuters) - Denmark will donate a package worth 5.8 billion Danish crowns ($833 million) to Ukraine, including tanks, infantry fighting vehicles, tank ammunition and anti-aircraft guns, the ministry of defence said in a statement on Tuesday. The full amount is distributed over three rounds - 4.3 billion this year, 1.4 billion in 2024 and 52 million in 2025, the ministry said. This is the twelfth and largest donation package Denmark has sent to Ukraine since Russia invaded the country in February 2022, the ministry added. ($1 = 6.9626 Danish crowns)Reporting by Louise Breusch Rasmussen, editing by Ed OsmondOur Standards: The Thomson Reuters Trust Principles.

Persons: Ritzau Scanpix, Mads Claus Rasmussen, Lars Løkke Rasmussen, Louise Breusch Rasmussen, Ed Osmond Organizations: REUTERS Acquire, Rights, Thomson Locations: Christiansborg, Ukraine, Copenhagen, Denmark, Rights COPENHAGEN, Russia

☆ Hunted by the Taliban, Ignored by Washington—an Afghan’s Fate After Helping U.S. Forces
▼ + stars: | 2023-08-29 | by ( Sune Engel Rasmussen | Photographs The Wall Street Journal | ) www.wsj.com time to read: 1 min

Hunted by the Taliban, Ignored by Washington—an Afghan’s Fate After Helping U.S. Forces Ahmad Jawed wonders which will come first, approval for a U.S. visa or his capture; ‘If they recognize me, they will kill me’Ahmad Jawed spends his days in hiding, awaiting a decision by U.S. officials that will provide him and his family an escape from Afghanistan.

Persons: Washington —, Forces Ahmad Jawed, ’ Ahmad Jawed Organizations: U.S, Forces Locations: Afghanistan

☆ Hunted by the Taliban, Ignored by Washington—An Afghan’s Fate After Helping U.S. Forces
▼ + stars: | 2023-08-29 | by ( Sune Engel Rasmussen | Photographs The Wall Street Journal | ) www.wsj.com time to read: 1 min

Hunted by the Taliban, Ignored by Washington—An Afghan’s Fate After Helping U.S. Forces Ahmad Jawed wonders which will come first, approval for a U.S. visa or his capture; ‘If they recognize me, they will kill me’Ahmad Jawed spends his days in hiding, awaiting a decision by U.S. officials that will provide him and his family an escape from Afghanistan.

Persons: Washington —, Forces Ahmad Jawed, ’ Ahmad Jawed Organizations: U.S, Forces Locations: Afghanistan

Col. Yurii Ihnat, Ukraine’s air force spokesman, believes that two squadrons, each of 12 planes, would begin to turn the tables. Mads Claus Rasmussen/Ritzau Scanpix/ReutersBut the F-16 has never gone up against Russian air defenses in the real world. “Russian air defenses are very formidable.”Rapid trainingTraining programs are getting underway for the first batches of Ukrainian pilots – in Denmark, Romania and the United States. Ihnat says about 30 Ukrainian air force pilots have adequate English, the absolute minimum required to stand up two squadrons. The Ukrainian Air Force has long been working on improving and protecting airfields that would accommodate the F-16s.

Persons: Volodymyr Zelensky, Piroschka van de Wouw, Yurii, Volodymyr Zelenskiy, Mette Frederiksen, Mads Claus Rasmussen, Ritzau Scanpix, ”, Mark Cancian, ” Ihnat, Oleksii Reznikov, Ihnat, Cancian, ” Cancian, James B, Hecker, ” Hecker, Frank Kendall, it’s, Mykola Oleshchuk, Su, Kendall, Biden Organizations: CNN, Air Force, Reuters, Denmark's, Center for Strategic, International Studies, Rapid, Reuters Ukrainian Defense, Ukrainian, Air Missiles, Radiation, CSIS, NATO, US, Accounting, US Air Force, US Air Forces Europe, SA, Ukrainian Air Force Locations: Danish, Russian, Netherlands, Denmark, Norway, Ukraine, Romania, United States, Greece, Israeli, Russia

☆ Take a look at the $63 million F-16 fighter jet the West has pledged to help Ukraine win the war with Russia
▼ + stars: | 2023-08-26 | by ( Nathan Rennolds | ) www.businessinsider.com time to read: +5 min

Denmark and the Netherlands are sending F-16 fighter jets to Ukraine, with US approval. Ukraine has long coveted the US-made jet as it seeks to bolster its air capabilities in its war with Russia, which has a more advanced air force. Mads Claus Rasmussen/AFP/Getty ImagesSpecificationsThe F-16 is a multi-role fighter built by Lockheed Martin for the US Air Force. A US Air Force F-16 Fighting Falcon aircraft. AdvertisementAdvertisementThe US will also begin training Ukrainian pilots to fly and maintain F-16s in Arizona in October, the Pentagon said Thursday.

Persons: Joe Biden, Volodymyr Zelenskyy, Mette Frederiksen, Mads Claus Rasmussen, Lockheed Martin, Justin Bronk, Ethan Miller, James Hecker, It's, Stringer, John Kirby, Kyriakos Mitsotakis, Al Jazeera, Kajsa Ollongren, Oleksii Reznikov, Pat Ryder Organizations: Service, Getty, Lockheed, US Air Force, Falcon, AIM, Royal United Services Institute, U.S . Air Force, Nevada, US Air Forces, Israeli Air Force, US National Security, Pentagon, Pentagon Press, Air Force Locations: Denmark, Netherlands, Ukraine, Wall, Silicon, Russia, Indian Springs , Nevada, Europe, Romania, Athens, Al, Kyiv, Arizona

☆ Container ships are waiting at Asian ports as retailers struggle to shift excess stock
▼ + stars: | 2023-08-25 | by ( Lucy Handley | ) www.cnbc.com time to read: +5 min

As firms making goods from apparel to electronics hold excess stock, there's less of a demand to ship products. This means some vessels are waiting in ports because of sailings being "blanked," or canceled. "We are arranging a contingency plan with alternative services," MSC added. "If you fly to Singapore, you'll see all these ships outside the port … A lot of ships are parked there waiting till there are better yields," he added. Excess stockFlexport, which is at 10th place in CNBC's Disruptor 50 list, regularly surveys customers on how much stock they're holding.

Persons: Andrew Merry, It's, Sanne Manders, there's, Manders, Bernstein, Niels Rasmussen, Rasmussen, it's, Simon Heaney, Heaney Organizations: MSC, CNBC, CMA CGM, Maersk, Baltic and International Maritime Council, Shanghai Shipping Exchange, Blank, Drewry Locations: Singapore Strait, Asia, Europe, —, Singapore, East, North Europe, CNBC's

☆ In the Dead of Night, a Danish Commune Cracks Down on Drug Gangs
▼ + stars: | 2023-08-22 | by ( Sune Engel Rasmussen | Photographs Janus Engel For The Wall Street Journal | ) www.wsj.com time to read: 1 min

Fleur Frilund, 27, moved into Christiania about six years ago. She was attracted to its proximity to nature and its embrace of freethinkers. “It’s a radically different way of living, compared to the big-city mentality just on the other side of the fence,” she said.

Persons: Fleur Frilund, “ Locations: Christiania

[1/2] Monrovia NSU CHALLENGER bulk carrier transits the expanded canal through Cocoli Locks at the Panama Canal, on the outskirts of Panama City, Panama April 19, 2023. The Panama Canal Authority has reduced maximum ship weights and daily ship crossings in a bid to conserve water. Container ships are the most common users of the Panama Canal and transport more than 40% of consumer goods traded between Northeast Asia and the U.S. East Coast. Some shipping executives are bracing for more reductions later this year, noting that in 2020 a less severe drought prompted canal operators to reduce crossings to 27 per day. "The Panama Canal is just the latest example."

Persons: Aris Martinez, Max, Drew Lerner, Peter Sand, Steve Ferreira, STRI's Steven Paton, Paton, Brian Bourke, Lisa Baertlein, Marianna Parraga, Elida Moreno, Louise Breusch Rasmussen, Deepa Babington Organizations: Monrovia NSU CHALLENGER, REUTERS, ANGELES, Evergreen Marine, Pacific, Panama Canal Authority, Northeast, U.S ., Smithsonian Tropical Research, El Nino, Central American, Canal Authority, SEKO Logistics, Thomson Locations: Cocoli, Panama, Panama City, HOUSTON, China, U.S, Northeast Asia, U.S . East Coast . U.S, United States, Chile, Brazil, Suez, Gatun Lake, El, U.S . East Coast, Los Angeles, Houston, Copenhagen

☆ Russia says F-16s will escalate Ukraine war; Kyiv says they will tip the balance in its favour
▼ + stars: | 2023-08-21 | by ( ) www.reuters.com time to read: +2 min

[1/4] Ukrainian President Volodymyr Zelenskiy and Denmark's Prime Minister Mette Frederiksen sit in a F-16 fighter jet at Skrydstrup Airbase in Vojens, Denmark, August 20, 2023. Denmark and the Netherlands on Sunday announced they would supply F-16s to Ukraine, with the initial six due to be delivered around New Year. Danish Defence Minister Jakob Ellemann-Jensen said Ukraine may only use the donated F-16s within its own territory. "We donate weapons under the condition that they are used to drive the enemy out of the territory of Ukraine. The Netherlands has 42 F-16s available in all but has yet to decide whether all of them will be donated.

Persons: Volodymyr Zelenskiy, Mette Frederiksen, Ritzau Scanpix, Mads Claus Rasmussen, Vladimir Barbin, Yuriy Ihnat, Jakob Ellemann, Jensen, Oleksiy Reznikov, Jacob Gronholt, Pedersen, Pavel Polityuk, Angus MacSwan, Philippa Fletcher Organizations: Denmark's, Skrydstrup Airbase, REUTERS, Sunday, Washington, Danish, . Defence, Thomson Locations: Skrydstrup, Vojens, Denmark, U.S, New, Russia, Ukraine, COPENHAGEN, Netherlands, Russian, Ukrainian

☆ Scientists race to understand highly mutated coronavirus variant spotted in four countries, including the US
▼ + stars: | 2023-08-18 | by ( Brenda Goodman | ) edition.cnn.com time to read: +4 min

CNN —A highly mutated new variant of the virus that causes Covid-19 has countries on alert as scientists scramble to understand how far it has spread and how well our immunity will defend against it. The World Health Organization designated BA.2.86 a “variant under monitoring” on Thursday, a designation that encourages countries to track and report the sequences they find. SSI scientists stressed that it’s still too early to say anything about the severity or contagiousness of the new variant. Get CNN Health's weekly newsletter Sign up here to get The Results Are In with Dr. Sanjay Gupta every Tuesday from the CNN Health team. The XBB descendant EG.5 is currently the dominant variant in the US, causing an estimated 20% of all new Covid-19 cases in this country.

Persons: Jesse Bloom, ” Bloom, ”, Morten Rasmussen, Mandy Cohen, we’ve, “, ” Cohen, Dr, Sanjay Gupta Organizations: CNN, Omicron, Fred Hutchinson Cancer Center, World Health Organization, EG, WHO, Statens Serum Institut, US Centers for Disease Control, UK’s Health Security Agency, CNN Health, University of Michigan, White House Locations: Seattle, Israel, Denmark, United States, United Kingdom

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/economy/central-banking/americas-obsession-with-weight-loss-drugs-is-affecting-the-economy-of-denmark-22797e5c

Persons: Dow Jones, 22797e5c Locations: denmark

☆ Bitcoin abruptly tumbles as much as 9% to just over $26,000 late Thursday
▼ + stars: | 2023-08-17 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +1 min

Bitcoin slipped sharply on Thursday evening, tumbling by as much as 9% to just over $26,000. The cryptocurrency last traded at $26,593.68, reflecting a decline of more than 8%, according to Coin Metrics data. The fall in bitcoin followed several hours after The Wall Street Journal reported that SpaceX, which is helmed by Elon Musk, wrote down the value of its bitcoin holdings by a total of $373 million in 2022 and 2021, and that the space travel company had sold the virtual currency. "This is one of the most brutal minute-by-minute selloffs we've seen in the history of bitcoin," Ryan Rasmussen, a researcher at Bitwise Asset Management, told CNBC. In 2022, Tesla, which Musk also leads as CEO, announced that it sold about 75% of its bitcoin holdings after investing $1.5 billion in the flagship cryptocurrency.

Persons: Bitcoin, Elon Musk, Ryan Rasmussen, Elon, Tesla, Musk Organizations: Street Journal, SpaceX, Bitwise Asset Management, CNBC Locations: bitcoin

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