DIRS.INFO The most relevant business & tech news

☆ Russia condemns Finland's plan to speed confiscation of Russian real estate
▼ + stars: | 2023-10-12 | by ( Anne Kauranen | ) www.reuters.com time to read: +2 min

REUTERS/Ints Kalnins Acquire Licensing RightsHELSINKI, Oct 12 (Reuters) - Russia's foreign ministry on Thursday criticised a Finnish government plan to speed the confiscation of Russian-owned real estate in Finland, warning the Nordic country of countermeasures. Ousting Russian owners over unpaid bills is not currently legal if an official notification threatening confiscation cannot be delivered to them, Meri said. Meri said electronic notification would be sufficient once the rules change, but did not provide other details on Finland plans. "We will not leave without a proper response such actions of the so-called civilized Finnish state," Russian foreign ministry spokesperson Maria Zakharova said in a statement. Finland is also looking at ways to take control of Helsinki's biggest sports and events arena which has been shut since last year because of sanctions against its billionaire Russian owners.

Persons: Ints, Leena Meri, Meri, Maria Zakharova, Anne Kauranen, Rod Nickel Organizations: REUTERS, Rights, YLE, Thomson Locations: Helsinki, Finland, Rights HELSINKI, Finnish, Russia, Ukraine

HELSINKI (AP) — Finnish police said Wednesday they have launched a criminal investigation into possible sabotage of an undersea gas pipeline between Finland and Estonia that was shut down over the weekend following a leak. It is bi-directional, transferring natural gas between Finland and Estonia depending on demand and supply. The company said a liquified natural gas terminal in Inkoo has the capacity to deliver the gas Finland needs. Europe saw natural gas prices hit record highs last year after Russia’s cutoff of most gas supplies during the war in Ukraine. Europe currently has filled 97% of its gas storage capacity for the winter, but security of supply depends on deliveries of pipeline gas and LNG.

Persons: NBI, ”, Risto Lohi, Jens Stoltenberg, Sauli Niinistö, Kaja Kallas, ” Stoltenberg, Dmitry Peskov, Peskov, “ Organizations: HELSINKI, National Bureau of, NATO, YLE, “, European Union, Estonian Locations: Finland, Estonia, Gulf, Finnish, Inkoo, Estonian, Paldiski, Germany, Russia, Baltic, Brussels, Baltics, Europe, Ukraine

A view of the Balticconector pipeline as it is pulled into the sea in Paldiski, Estonia in an undated handout photo taken in 2019. ELERING/Handout via REUTERS/File Photo Acquire Licensing RightsVILNIUS/HELSINKI, Oct 11 (Reuters) - The damage to the Baltic Sea gas pipeline that burst on Sunday was caused by "quite heavy force", Estonian Defence Minister Hanno Pevkur said on Wednesday, a day after Finland said it could have been a deliberate action. The Balticconnector subsea gas pipeline and a telecommunications cable connecting Finland and Estonia were damaged on Sunday. On Tuesday, Helsinki said the damage was likely caused by "outside activity" and that the cause was being investigated. Location of damaged gas pipe"It can clearly be seen that these damages are caused by quite heavy force," Pevkur told Reuters, adding that investigators were not ruling out anything at this stage.

Persons: Hanno Pevkur, Pevkur, Henri Vanhanen, Andrius Sytas, Anne Kauranen, Tom Little, Gwladys Fouche, Terje Solsvik Organizations: REUTERS, Estonian Defence, Reuters, Finnish Institute for International Affairs, NATO, Thomson Locations: Paldiski, Estonia, Handout, VILNIUS, HELSINKI, Baltic, Finland, Helsinki, Vilnius, Malmo

The Balticconnector gas pipeline was shut early on Sunday on concerns that gas was leaking from a hole in the 77-km (48-mile) pipeline. Finnish operator Gasgrid said it could take months or more to repair. "It is likely that damage to both the gas pipeline and the communication cable is the result of outside activity. The damage to the gas pipeline was believed to have taken place in Finnish waters, while the telecoms cable breach was in Estonian waters, Finnish authorities said. Prices were already up on Tuesday due to fears over tensions in the Middle East but expectations that outside activity caused the pipeline damage pushed prices in the nervous market higher.

Persons: Jens Stoltenberg, Gasgrid, Sauli Niinisto, Petteri Orpo, Orpo, Elisa, Timo Kilpelainen, Terje Solsvik, Anne Kauranen, Anna Ringstrom, Andrius, Marta Frackowiak, Louise Rasmussen, Susanna Twidale, Julia Payne, Bart Meijer, Gwladys Fouche, Susan Fenton, Jonathan Oatis Organizations: Finnish Border Guard, Companies Gas, PM, NATO, Reuters, Finnish, Amber Grid, Thomson Locations: of Finland, Estonian, Finland, Estonia, HELSINKI, Baltic, Finnish, Inkoo, Paldiski, St Petersburg, NORD, Russia, Germany, Latvia, Lithuania, Lithuanian, Ukraine, United States, Latvian, Hamina, Oslo, Helsinki, Stockholm, Andrius Sytas, Vilnius, Gdansk, Copenhagen, London, Brussels

HELSINKI (AP) — Finland and Estonia said Sunday that the undersea Balticconnector gas pipeline running between the two countries across the Baltic Sea was temporarily taken out of service due to a suspected leak. Gasgrid Finland and Elering, the Finnish and Estonian gas system operators, said they noted an unusual drop in pressure in the pipeline shortly before 2 a.m. Sunday, after which they shut down the gas flow. “Based on observations, it was suspected that the offshore pipeline between Finland and Estonia was leaking,” Gasgrid Finland said in a statement. After the shutdown of Balticconnector, gas for Estonian consumers was coming from Latvia, it said. The pipeline is bi-directional, transferring natural gas between Finland and Estonia depending on demand and supply.

Persons: Elering, Kai Mykkänen, “, ” Organizations: HELSINKI, —, Sunday, Nord, Nordic, European Union, NATO, Moscow Locations: — Finland, Estonia, Baltic, Finland, Estonian, Germany, Russia, Inkoo, Latvia, Paldiski, Lithuania, Ukraine

☆ UBS says reports of DOJ probe into Russia sanctions evasion are wrong
▼ + stars: | 2023-09-30 | by ( Eva Rothenberg | ) edition.cnn.com time to read: +2 min

“The recent reporting on an alleged probe by the US Department of Justice into sanctions-related compliance failures at Credit Suisse and UBS is inaccurate. We’re not aware of such a probe,” UBS told CNN in a statement. “UBS and CS have significantly and proactively reduced their Russia-related exposure.”According to a person familiar with the matter, UBS has been in touch with the DOJ regarding the reported probe. The bank’s reaction comes on the heels of a Bloomberg report, which cited anonymous people familiar with the matter and asserted the Justice Department had briefed lawyers for UBS (UBS) about Credit Suisse’s alleged involvement in sanctions violations. CNN reached out to the Justice Department for comment but has not received a response.

Persons: “, Suisse’s, Drew Sullivan, ”, ” Sen, Ben Cardin Organizations: CNN, UBS, US Department of Justice, Credit Suisse, “ UBS, CS, DOJ, Bloomberg, Department, Justice Department, Swiss Bankers Association, Security, Cooperation, US, US Helsinki Commission, “, Swiss Stock Exchange Locations: Swiss, Russia, Europe, US Helsinki, Ukraine, Maryland, Switzerland

☆ Finland’s President, No Stranger to Russia, Warns Europe About Complacency
▼ + stars: | 2023-09-17 | by ( Steven Erlanger | More About Steven Erlanger | ) www.nytimes.com time to read: +1 min

The president of Finland, Sauli Niinisto, is the person considered most responsible for bringing his country into the NATO alliance — and Sweden, too, which is awaiting ratification — following the Russian invasion of Ukraine. President Biden has consulted him about Russia and its president, Vladimir V. Putin, whom Mr. Niinisto has met numerous times. The war in Ukraine will last a long time, he said, and wars can take unexpected paths, even toward the use of nuclear weapons. The invasion, Mr. Niinisto said, was “a wake-up call” for Europe and NATO. That might be a good question — whether all Europeans realize that this is a European issue.”

Persons: Sauli, —, Biden, Vladimir V, Putin, Niinisto, ” Organizations: NATO, Mr, Ukraine Locations: Finland, Sweden, Ukraine, Russia, Helsinki, Europe

REUTERS/Willy Kurniawan/File Photo/File Photo Acquire Licensing RightsCompanies PT Suralaya Indotenaga FollowSINGAPORE/JAKARTA, Sept 14 (Reuters) - Environmental groups have submitted a formal complaint to the World Bank for providing financial support for two coal-fired power plants in Indonesia, violating a pledge to stop backing fossil fuels. Plans to build two more would emit 250 million tons of climate-warming carbon dioxide into the atmosphere, the groups said a letter to World Bank compliance ombudsman Janine Ferretti. The IFC, the World Bank and Hana Bank Indonesia did not immediately respond to requests to comment. According to the Global Energy Monitor think tank, Indonesia was one of 11 countries to commission new coal plants last year. The JETP compels Indonesia to impose a moratorium on new coal-fired power plants, though there are exemptions for "captive" plants that serve other industrial facilities.

Persons: Willy Kurniawan, Janine Ferretti, CREA, David Stanway, Miral Organizations: Indonesia Power, Plant, REUTERS, World Bank, International Financial Corporation, IFC, Hana, Hana Bank Indonesia, Bank, Inclusive Development, Hana Bank, Research, Energy, Clean, PT, Raya, Global Energy Monitor, Thomson Locations: Suralaya, Banten province, Indonesia, SINGAPORE, JAKARTA, Hana Bank, Asia, U.S, Hana Bank Indonesia, Helsinki, Jakarta, China, India

☆ 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

HELSINKI (AP) — A 25-year-old foreign student has been arrested in Norway on suspicion of espionage, including illegal eavesdropping through various technical devices. Norway’s domestic security agency, known by its acronym PST, told Norwegian media that the man, who was arrested on Friday, was charged in court on Sunday with espionage and intelligence operations against the Nordic country. The man, whose identity and nationality haven't been disclosed, has pleaded not guilty in initial police questioning. “He (the suspect) is charged with using technical installations for illegal signal intelligence.”Police have seized from the man a number of data-carrying electronic devices, which the PST is now investigating. The suspect is a student, but he’s not enrolled at an educational institution in Norway, and he’s been living in Norway for a relatively short time, according to PST.

Persons: haven't, Thomas Blom, he’s Organizations: HELSINKI, Nordic, NRK, ” Police Locations: Norway, Norwegian, Russia, China, North Korea

Hanoi, Vietnam CNN —President Joe Biden will arrive at Chinese leader Xi Jinping’s doorstep on Sunday with a deal in hand to draw yet another one of China’s neighbors closer to the United States. “It’s not going to be easy for Vietnam, because they’re under enormous pressure from China,” the official went on. In Vietnam, it’s not only China whose influence Biden is competing with. On Monday, Biden plans to announce steps to help Vietnam diversify away from an over-reliance on Russian arms, a senior administration official said. “I think that’s a deliberate design by the Biden administration,” said Yun Sun, the China program director at the Stimson Center.

Persons: Joe Biden, Xi Jinping’s, Biden, ”, It’s, playbook, Xi Jinping, Evelyn Hockstein, ” Biden, Modi, Xi, States ’, it’s, ratchets, aggressions, Didier Marti, “ We’re, “, Biden’s, Mao Ning, Vietnam’s, Antony J, Blinken, Trung, Patricia Kim, Le Hoai, Jake Sullivan, Sullivan, ” –, General Secreatary Nguyen, Trong, Yun Sun, ’ Organizations: Vietnam CNN, White House, Korean, Getty, Saturday, Communist Party, Xinhua, China’s, Monday, Communist Party of Vietnam's, Department of State . US Department of State, Biden, Brookings Institution, Communist, NATO, Wing, Stimson Locations: Hanoi, Vietnam, United States, Philippines, China, Beijing, New Delhi, AFP, Asia, States, Russia, Moscow, India, Brazil, South Africa, –, That’s, South China, Washington, South Korea, Helsinki, Japan, Korea, Australia, United Kingdom

Other countries that Vietnam has extended this designation to include China and Russia. Giving the U.S. the same status suggests that Vietnam wants to hedge its friendships as U.S. and European companies are looking for alternatives to Chinese factories. “We find ourselves in a situation where all of these changes around the world are taking place,” Biden explained about the Vietnam trip last month. "We have an opportunity, if we’re smart, to change the dynamic.”Political Cartoons View All 1148 ImagesU.S. trade with Vietnam has already accelerated since 2019. “I’ve gotten a call from the head of Vietnam, desperately wants to meet me when I go to the G20,” Biden said.

Persons: Joe Biden, Biden, they’re, Xi, ” Biden, Gina Raimondo, Raimondo, ” Raimondo, IPEF, Jake Sullivan, Lê Hoài Trung, Trung, Sullivan, Nguyễn Phú Trọng, I’ve, “, Gregory Poling, ” Poling, Poling, ” Organizations: DELHI, United, U.S, Group, Census, Peterson Institute of International Economics, White House, Biden, Communist Party of Vietnam, Southeast Asia Program, Asia Maritime, Center for Strategic, International Studies Locations: Vietnam, United States, China, Asia, Russia, Salt Lake City, India, Cambodia, Malaysia, Indonesia, U.S, Washington, Helsinki, Maine, Beijing, “

☆ Finland's ex-PM Marin to join Blair think tank, leave parliament
▼ + stars: | 2023-09-07 | by ( ) www.reuters.com time to read: +1 min

FILE PHOTO-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. Based on her new position, Marin is formally asking permission to resign from parliament, her centre-left Social Democrats party said. The London-based policy think tank is led by former British Prime Minister Tony Blair. "I feel that this assignment is such that it will benefit the whole of Finland as well," Marin told reporters. Marin was the world's youngest prime minister when she took office in 2019 aged 34, attracting attention around the globe and helping lift Finland's profile at a turbulent time.

Persons: Marin, Ulander, Sanna Marin, Tony Blair, Anne Kauranen, Terje Solsvik, Frances Kerry Organizations: Finland's Social, Chair, Party Congress, REUTERS, Rights, Tony, Tony Blair Institute for Global, Social, British, NATO, Thomson Locations: Finland, Jyvaskyla, London, COVID, Ukraine

☆ Finland's Ex-PM Marin to Join Blair Think Tank, Leave Parliament
▼ + stars: | 2023-09-07 | by ( Sept. | At A.M. | ) www.usnews.com time to read: +1 min

HELSINKI (Reuters) - Finland's former Prime Minister Sanna Marin, who narrowly lost an election in April and stepped down from the leadership of her party last week, plans to leave parliament and join the Tony Blair Institute for Global Change, she said on Thursday. Based on her new position, Marin is formally asking permission to resign from parliament, her centre-left Social Democrats party said. The London-based policy think tank is led by former British Prime Minister Tony Blair. "I feel that this assignment is such that it will benefit the whole of Finland as well," Marin told reporters. Marin was the world's youngest prime minister when she took office in 2019 aged 34, attracting attention around the globe and helping lift Finland's profile at a turbulent time.

Persons: Sanna Marin, Tony Blair, Marin, Anne Kauranen, Terje Solsvik, Frances Kerry Organizations: Tony, Tony Blair Institute for Global, Social, British, NATO Locations: HELSINKI, London, Finland, COVID, Ukraine

☆ 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

☆ Buy now, pay later firm Klarna cuts losses in first half but falls short of profit
▼ + stars: | 2023-08-31 | by ( Ryan Browne | ) www.cnbc.com time to read: +4 min

Swedish buy now, pay later firm Klarna reduced its losses by roughly 67% in the first half of 2023, as the company dramatically cut costs in a bid toward profitability. The company reported overall net operating income of 9.2 billion Swedish krona ($843.5 million), up 21% year-over-year. Failing to record a half-year profit, the firm posted a net loss of 2.1 billion Swedish krona for the period, down 67% from 6.4 billion krona between January to June 2022. Credit losses, a measure of how much the company sets aside for customer defaults, sank by 39% to 1.8 billion krona from 2.9 billion. Buy now, pay later, or BNPL, firms allow shoppers to defer payments to a later date or purchase things over installments on interest-free credit.

Persons: Klarna, Sebastian Siemiatkowski, Siemiatkowski, —, OpenAI's, David Sandstrom Organizations: CNBC, PayPal Locations: Helsinki, Finland

☆ Finland's government agrees anti-racism policy to save coalition
▼ + stars: | 2023-08-31 | by ( ) www.reuters.com time to read: +2 min

Finland's Prime Minister Petteri Orpo attends a summit between European Union leaders and leaders of the CELAC group of Latin American and Caribbean states, in Brussels, Belgium July 18, 2023. REUTERS/Johanna Geron/File Photo Acquire Licensing RightsHELSINKI, Aug 31 (Reuters) - Finland's government, beset by racism controversies since taking office in June, has agreed on a common policy to combat intolerance, party leaders said late on Wednesday, preventing a collapse of the four-party, right-wing coalition. Prime Minister Petteri Orpo, whose conservative National Coalition Party (NCP) narrowly won Finland's April election, said the government on Thursday will present its unified policy on how to tackle racism, following a cabinet meeting. SPP leader Anna-Maja Henriksson said she and her party had endorsed the new policy. Reporting by Anne Kauranen, editing by Terje Solsvik, Robert BirselOur Standards: The Thomson Reuters Trust Principles.

Persons: Petteri Orpo, Johanna Geron, Vilhelm Junnila, Riikka Purra, Anna, Maja Henriksson, Henriksson, Anne Kauranen, Terje Solsvik, Robert Birsel Organizations: Finland's, Union, REUTERS, Rights, Finns Party, Finns, National Coalition Party, NCP, Swedish People's Party, Swedish, Twitter, Thomson Locations: Caribbean, Brussels, Belgium

Learn moreIf you're looking for help on where to buy Metallica tickets for their ongoing M72 World Tour, we have you covered. Metallica's M72 World Tour kicked off on April 27 in Amsterdam. Metallica 2023/2024 tour scheduleThere are still seven more concert dates across five cities in the U.S. for the second leg of Metallica's tour. Since Metallica's M72 World Tour primarily consists of two shows at each location, you can also get deals for two-day passes cheaper than buying separate tickets for those dates. Metallica's M72 World Tour features various opening acts across multiple dates.

Persons: James Hetfield, Lars Ulrich, Kirk Hammett, Robert Trujillo, Foxborough, Greta Van Organizations: Metallica, IL, Ticketmaster, Mammoth, Nine, Architects Locations: Amsterdam, Europe, North America, East Rutherford , New Jersey, StubHub, U.S, Detroit, Germany, Glendale, AZ, Indio, CA, Louis, St, MI, Detroit ,, Munich, Helsinki, Finland, Copenhagen, Denmark, Warsaw, Poland, Madrid, Spain, Foxborough, Chicago, Chicago ,, Minneapolis, Minneapolis ,, Edmonton, Canada, Seattle, WA, Seattle , WA, Mexico City, Mexico, Louis , Missouri, Michigan, Seattle , Washington, Detroit , MI, MN

☆ Wagner channels say Russian arrested in Finland is top fighter with neo-Nazi background
▼ + stars: | 2023-08-25 | by ( ) www.reuters.com time to read: +2 min

HELSINKI, Aug 25 (Reuters) - Social media channels linked to Russia's Wagner Group mercenaries said on Friday a top fighter in one of the group's subunits had been detained in Finland at Ukraine's request. It is unclear how Petrovsky was able to enter Finland while under European Union sanctions. On Telegram, Rusich published part of what it said was the Ukrainian request for Petrovsky's arrest. Earlier on Friday, Russian state news agency RIA cited the Russian embassy in Helsinki as saying it was aware of the detention of a Russian citizen in Finland on Ukraine's request and was taking steps to offer consular assistance. Reporting by Felix Light in Tbilisi, Pavel Polityuk in Kyiv and Anne Kauranen in Helsinki; Editing by Mark TrevelyanOur Standards: The Thomson Reuters Trust Principles.

Persons: Russia's Wagner, Wagner, Yan Petrovsky, Petrovsky, Yevgeny Prigozhin, Rusich, Felix Light, Pavel Polityuk, Anne Kauranen, Mark Trevelyan Organizations: European Union, United, Nazi, European, Kremlin, Finnish National Bureau of Investigation, Thomson Locations: HELSINKI, Finland, United States, Ukraine, Norway, Russia, Vantaa, Helsinki, Russian, Tbilisi, Kyiv

☆ Opinion: Russia’s uneasy neighbors
▼ + stars: | 2023-08-23 | by ( Opinion Frida Ghitis | ) edition.cnn.com time to read: +10 min

“All of Russia’s neighbors are under threat,” he said, “if Ukraine does not prevail.” He will find few who disagree among those neighbors. It’s why Estonian Prime Minister Kaja Kallas, one of the most eloquent proponents of the need to support Ukraine, says Ukraine is Estonia’s own front line. Here, the exterior of Russia’s embassy has become a showcase for the contempt Estonians feel for their former master. As in Estonia, Russia’s 21st century assault on Ukraine brought echoes of Russia’s 20th century subjugation of Latvia. Genuine normalcy, a permanent sense of safety, Russia’s neighbors have discovered, will have to wait until peace returns to a secure Ukraine.

Persons: Frida Ghitis, Latvia CNN —, it’s, Lithuania —, Volodymyr Zelensky, ”, Vladimir, Putin, Raivis, “, It’s, Kaja Kallas, Michal Fludra, Ukraine —, ” Janis Melnikovs, Radio Maria, Melnikovs, there’s, Russia —, Toomas, Margit Raud, Margit, —, Galina Domenikovska, Joe Biden, Donald Trump, Russia’s Organizations: CNN, Washington Post, Politics, Latvia CNN, Frida Ghitis CNN, Estonian, Russian Embassy, Ukraine Independence, NATO, Catholic, Radio, Ukraine, Kremlin, People Fleeing, Authorities, Soviet Army, Twitter Locations: Riga, Latvia, Russia, Ukraine, Moscow, Estonia, Lithuania, Denmark, Netherlands, Soviet Union, Tallinn, Estonian, Finland, Helsinki, People Fleeing Ukraine, Viru, Baltics, Russia’s, Baltic, Republic of Georgia, Crimean

☆ Carbon accounting was red hot in 2021. Now it's facing widespread consolidation, investors say.
▼ + stars: | 2023-08-22 | by ( Tasmin Lockwood | ) www.businessinsider.com time to read: +8 min

Carbon accounting startups peaked in 2021, raising over $5 billion from investors. The rise of carbon accountingThere are around 50 European carbon accounting companies, many of which didn't exist before 2019, according to Insider's own research. Venture capitalists are typically bullish on SaaS because it can scale quickly with few overheads, which is the promise many carbon accounting companies make. Carbon accounting business models often fell short of true SaaS scalability and instead relied on employees doing tasks manually, despite touting automation, investors said. The next generation of carbon accounting companies should be hyper-focused on one niche – for example, accounting for methane in the agricultural industry or water use.

Persons: Niklas Kaskeala, Antero Vartia, grimly, Kaskeala, That's, Namrata Sandhu, Luca Schmid, ClimateTrade, Germany's, Australia's Envizi, EcoOnline, Germany's Planetly, Buyers aren't Organizations: Sequoia, Octopus Ventures, Cherry Ventures, Balderton, Investors, Venture, Germany's TeamClimate, Watershed, IBM, Sage, SoftBank, KPMG, Enterprise, SAP, Oracle Locations: Helsinki, Finnish, Coatue, Europe, Zalando, London

☆ Former Finnish PM Alexander Stubb to run for president
▼ + stars: | 2023-08-16 | by ( ) www.reuters.com time to read: +1 min

Former Prime Minister of Finland Alexander Stubb at the EPP congress in Helsinki, November 7, 2018. Lehtikuva/Jussi Nukari via REUTERS/File Photo Acquire Licensing RightsHELSINKI, Aug 16 (Reuters) - Former Finnish Prime Minister Alexander Stubb said on Wednesday that he will be a candidate in Finland's presidential election due in January of 2024. His announcement came after incumbent premier Petteri Orpo on Sunday asked Stubb to become the National Coalition party's candidate. "In this geopolitical situation the answer is unequivocal: when the fatherland calls, then we go," Stubb told reporters. Stubb, currently a professor and director of the European University Institute in Florence, Italy, held several ministerial posts before serving as prime minister between 2014 and 2015.

Persons: Finland Alexander Stubb, Lehtikuva, Jussi Nukari, Alexander Stubb, Petteri Orpo, Stubb, Pekka Haavisto, Mika Aaltola, Olli Rehn, Anne Kauranen, Terje Solsvik Organizations: EPP, REUTERS, Rights, National Coalition, European University Institute, Bank of Finland, Thomson Locations: Finland, Helsinki, Finnish, Florence, Italy

Just a hundred yards off the shores of Helsinki, beyond its embassies and marina, its cafes and upscale homes, lies Harakka Island. There is no bridge to Harakka; it must be reached by boat — or by trudging over an ice sheet, when the temperatures plummet in the winter. There are no cars, no bikes and no electric scooters on the island. Even dogs aren’t allowed. But it’s a haven for a thriving community of artists, who rent studio space in what used to be a chemical research lab for the Finnish military.

Persons: aren’t Locations: Helsinki, Harakka

☆ Finns Party mastermind defends long-term goal to leave the EU
▼ + stars: | 2023-08-12 | by ( Anne Kauranen | ) www.reuters.com time to read: +3 min

Opinion polls show the hardline former party leader is unlikely to win the presidency, but his views are influential within the Finns Party, which is part of the right-wing government that took office in June. Delegates at the weekend conference discussed the party's EU stance in light of the Ukraine war and its governing alliance with pro-EU allies. The Finns Party backed the country joining NATO this year. The Finns Party congress also rejected the EU's proposed Nature Restoration Law, with Tavio calling it "a sad example of the acceleration of the EU's dictatorial policy under the guise of climate change". The Finns Party has suffered two setbacks in recent weeks.

Persons: Jussi Halla, Anne Kauranen HELSINKI, Party's Jussi Halla, aho, Halla, Ville Tavio, Vilhelm Junnila, Riikka Purra, Anne Kauranen, Justyna Pawlak, Hugh Lawson, Helen Popper Our Organizations: REUTERS, European Union, Saturday ., Finns Party, EU, Reuters, NATO, Foreign Trade, Restoration, Thomson Locations: Helsinki, Finland, Ukraine, EU, Western Europe, Europe, Halla

Search resuls for: "HELSINKI"

25 mentions found