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☆ Finland will close Russian border for 2 weeks to stop asylum seekers
▼ + stars: | 2023-11-28 | by ( Essi Lehto | ) www.reuters.com time to read: +2 min

[1/4] A view of closed gates at the Raja-Jooseppi international border crossing station before its opening in Inari, northern Finland on November 24, 2023. Finland last week shut all but one of its border posts to travellers from Russia, keeping open only the northernmost crossing located in the Arctic. On Monday he said his country had intelligence information on Russian authorities assisting the asylum seekers and that despite Finnish border closures, there were still more people heading towards Finland in Russia. On Monday, only three asylum seekers arrived in Finland through the remote Raja-Jooseppi station, the last open border post, and on Tuesday there were no entrants. The border station will remain open on Wednesday before closing until Dec. 13, the government said.

Persons: Korhonen, Petteri Orpo, Essi Lehto, Terje Solsvik, Anna Ringstrom, Louise Rasmussen, Alexandra Hudson Organizations: REUTERS, Rights, Nordic, Finnish Border Guard, Finland's Border Guard, Kremlin, NATO, Alexandra Hudson Our, Thomson Locations: Inari, Finland, Russia, Moscow, Kenya, Morocco, Pakistan, Somalia, Syria, Yemen, Helsinki, United States, Ukraine

☆ Finland plans more measures to stop asylum surge from Russia border
▼ + stars: | 2023-11-27 | by ( Anne Kauranen | ) www.reuters.com time to read: +3 min

[1/2] Finnish Border Guards escort migrants arriving at the Raja-Jooseppi international border crossing station in Inari, Finland, November 25, 2023. Some 900 asylum seekers from nations including Afghanistan, Kenya, Morocco, Pakistan, Somalia, Syria and Yemen have entered Finland from Russia in November, an increase from less than one per day previously, according to the Finnish Border Guard. Finland blames a change in Russian border protocol for the increase and calls this a hybrid attack. Finland infuriated Russia when it joined NATO in April, ending decades of military non-alignment, due to the war in Ukraine. If this continues, more measures will be announced in the near future," Prime Minister Petteri Orpo told a press conference.

Persons: Korhonen, Petteri Orpo, Ulf Kristersson, Orpo, Jens Stoltenberg, " Stoltenberg, Anne Kauranen, Anna Ringstrom, Andrew Gray, Louise Rasmussen, Terje Solsvik, Alison Williams Organizations: Finnish Border Guards, REUTERS Acquire, Rights, Finnish Border Guard, Kremlin, NATO, Border Guard, Swedish, Frontex, Monday, European Union, Thomson Locations: Inari, Finland, Russia, Moscow, Afghanistan, Kenya, Morocco, Pakistan, Somalia, Syria, Yemen, United States, Ukraine, Sweden, EU, Brussels, Finland's, NATO, East, Africa, Belarus, Poland, Minsk, Helsinki, Stockholm

Trillions of euros of financial products, from mortgages to car loans, remain pegged to the Euro Interbank Offered Rate as Euribor is officially known. The move to revamp Euribor aims to reduce the burden on institutions that do provide input by using a standardised approach. Having the broadest possible geographical spread of banks in Euribor's panel is seen as the best way to have a full picture of euro-denominated lending costs. Schirmann highlighted that countries with active bank-to-bank lending markets such as Finland, Ireland and Greece currently had no banks on Euribor's panel. Cutting the need for banks to provide bespoke so called "Level 3" estimates should also "significantly diminish" the time and costs involved for banks.

Persons: Dado Ruvic, Libor, Jean, Louis Schirmann, Schirmann, EMMI, Marc Jones, Mark Potter Organizations: REUTERS, Federal Reserve, European Central Bank, Bank of England, Money Markets, Reuters, Deutsche Bank, Thomson Locations: Euribor's Brussels, Euribor's, Finland, Ireland, Greece

☆ Why It’s So Hard to Tear Down a Crumbling Highway Nearly Everyone Hates
▼ + stars: | 2023-06-03 | by ( Jim Zarroli | ) www.nytimes.com time to read: +1 min

State officials say rerouting traffic would have a minimal impact on suburban towns, a claim that opponents scoff at. With the viaduct gone, fewer motorists would be able to reach the many restaurants, hotels and other businesses that have sprouted along the highway to the north, they say. That includes Destiny USA, the largest shopping mall in New York state. Mr. Emmi, like many opponents of the Community Grid, is aware that the viaduct damaged the 15th Ward and probably should never have been built there. Mr. Driscoll, who oversees community outreach for the Community Grid, has met with skepticism even among the neighborhoods that would benefit most.

Persons: ”, Nick Paro, Carmen Emmi Jr, Hilton, Emmi, it’s, there’s, Driscoll Organizations: Destiny, New, New York State, Homewood, Community, Ward, Community Grid Locations: New York, Salina, “, Salina —, Hampton

☆ Novartis names Sandoz board members ahead of spin-off
▼ + stars: | 2023-05-15 | by ( ) www.reuters.com time to read: +1 min

ZURICH, May 15 (Reuters) - Novartis (NOVN.S) on Monday named the intended new board members of Sandoz, the generics business it plans to spin off to shareholders later this year. The Basel company approved the recommendations of Sandoz Chairman-designate Gilbert Ghostine for the 10 members of the board, which will start preparatory work in June. Others to be appointed to the board include former Novartis executive Karen Huebscher, Aarti Shah, who worked at Eli Lilly (LLY.N), and Deutsche Lufthansa (LHAG.DE) CFO Remco Steenburgen. Unilever (ULVR.L) Chief Legal Officer Maria Varsellona, and former Procter & Gamble (PG.N) executive Yannis Skoufalos, complete the nominations to the committee. "The Sandoz Board of Directors will start preparatory work from June onwards and will be effective following the planned spin-off of Sandoz in the second half of 2023, subject to Novartis Board of Directors and shareholder approval," Novartis said on Monday.

☆ Factbox: Finland's outgoing Prime Minister Sanna Marin
▼ + stars: | 2023-04-02 | by ( ) www.reuters.com time to read: +2 min

[1/3] Finland's Prime Minister and Social Democrats leader Sanna Marin speaks at the party's parliamentary election event in Helsinki, Finland April 2, 2023. Lehtikuva/Emmi Korhonen via REUTERSHELSINKI, April 2 (Reuters) - Here is a profile of Finland's outgoing Prime Minister Sanna Marin, whose left-wing Social Democrats lost a parliamentary election on Sunday, although they might still join the next coalition with election winner the National Coalition Party. Born in 1985 in Helsinki, she grew up near Finland's south-western industrial hub of Tampere with her mother and her mother's girlfriend. Only six months in, then-party chair Antti Rinne was forced to resign over his handling of labour strikes, and the Social Democratic Party (SDP) chose Marin to replace him as prime minister. Marin soon found herself managing Finland's response to the COVID-19 pandemic and then Europe's energy crunch caused by neighbouring Russia's invasion of Ukraine.

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