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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

☆ Union pressure on Tesla grows in Sweden as dockworkers expand strike
▼ + stars: | 2023-11-17 | by ( ) www.reuters.com time to read: +3 min

A view shows the ship Malacca Highway at shore as port workers are blocking the loading of Tesla vehicles, in Malmo, Sweden, November 7, 2023. Dockworkers joined the strike by mechanics on Nov. 7, blocking Sweden's four largest ports to Tesla cars. So far, unions in the United States and Germany have failed to force the company to accept collective bargaining agreements. In addition to dockworkers, unionised cleaners are refusing to clean Tesla buildings and postal workers have stopped delivering mail. In the 1990s, American toy company Toys "R" Us signed a collective bargaining agreement with its 130 Swedish employees after a three month strike.

Persons: Johan Nilsson, Tesla, Elon Musk, Dockworkers, Musk, Torbjorn Johansson, Norway's Fellesforbundet, Marie Mannes, Louise Rasmussen, Johan Ahlander, Johannes Birkebaek, Simon Johnson, Mark Potter Organizations: TT, Agency, Rights, U.S, Swedish, IF Metall, Hydro Extrusions, Hydro, Thomson Locations: Malacca, Malmo, Sweden, Rights STOCKHOLM, Dockworkers, United States, Germany, American

☆ Volvo Cars shares drop to record low as Geely trims stake
▼ + stars: | 2023-11-17 | by ( ) www.reuters.com time to read: +2 min

The sale of the 3.4% stake leaves Geely with a holding in Volvo Cars of 78.7%, the Chinese company said in a statement. Proceeds received by Geely Holding are intended to be used to support business development within the group," it added. It allows a wider base of shareholders to invest in Volvo Cars," the Swedish company's CEO Jim Rowan said in a statement. At 0926 GMT, Volvo Cars shares were down 10.9% at 36.38 crowns, having traded as low as 35.25 crowns. Geely Holding has committed to a lock-up period of 90 days for its remaining shareholding, "subject to customary exceptions and waivers" by the bookrunners.

Persons: Aly, China's Geely, bookrunners, Jim Rowan, Goldman Sachs, SEB, Geely, Terje Solsvik, Louise Rasmussen, Mark Potter Organizations: Volvo, Auto Shanghai, REUTERS, Rights, Swedish, HK, Volvo Cars, Geely, BNP, Marie Mannes, Thomson Locations: Shanghai, China, Rights OSLO, Swedish, Oslo, Stockholm

☆ Orsted's finance and operations chiefs out after big losses
▼ + stars: | 2023-11-14 | by ( ) www.reuters.com time to read: +3 min

The offshore wind industry has found itself in a perfect storm of rising inflation, interest rate hikes and delays in the supply chain struggling to cope with growing demand. Orsted, the world's largest offshore wind developer, on Nov. 1 scrapped two U.S. offshore wind projects, flagging $5.6 billion in related impairments after delays, partly due to vessel availability, meant costs soared. "Together with the finance team and the group executive team, Rasmus Errboe will lead the work on supporting Orsted's capital structure and long-term commitment to its credit rating," the company said. Board member Andrew Brown, who has executive experience from Shell and Portugal's Galp, was appointed interim COO, Orsted said. The company said contracts it had signed for its U.S. offshore wind projects were secured recently and were therefore more reflective of current costs.

Persons: Tom Little, Rasmus Errboe, Andrew Brown, Daniel Lerup, Richard Hunter, Orsted, Mads Nipper, Nipper, Essi Lehto, Susanna Twidale, Louise Rasmussen, Mark Potter Organizations: REUTERS, Shell, RWE, Thomson Locations: Nysted, Denmark, HELSINKI

☆ Risk of volcanic eruption in Iceland remains high
▼ + stars: | 2023-11-13 | by ( ) www.reuters.com time to read: +3 min

COPENHAGEN, Nov 13 (Reuters) - Seismic activity in southwestern Iceland decreased in size and intensity on Monday, but the risk of a volcanic eruption remained significant, authorities said, after earthquakes and evidence of magma spreading underground in recent weeks. Thorvaldur Thordarson, professor in vulcanology at the University of Iceland, said most recent data indicated a smaller risk of an eruption in the area around the town of Grindavik. [1/5]A view of cracks, emerged on a road due to volcanic activity, near Grindavik, Iceland November 13, 2023. Volcanic activity in the area continued for six months that year, prompting thousands of Icelanders and tourists to visit the scene. In August 2022, a three-week eruption happened in the same area, followed by another in July of this year.

Persons: Matthew James Roberts, Thorvaldur Thordarson, Grindavik, Hans Vera, Vera, It's, Louise Rasmussen, Tom Little, Jacob Gronholt, Pedersen, Johannes Birkebaek, Ilze, Essi, Alex Richardson Organizations: Icelandic Meteorological, University of, Administration, Facebook, REUTERS Acquire, Thomson Locations: COPENHAGEN, Iceland, Reykjavik, vulcanology, University of Iceland, Grindavik, Belgian, Copenhagen, Stockholm, Helsinki

☆ Iceland evacuates town over concerns of volcanic eruption
▼ + stars: | 2023-11-11 | by ( ) www.reuters.com time to read: +2 min

Lava spurts and flows after the eruption of a volcano in the Reykjanes Peninsula, Iceland, July 12, 2023, as seen in this handout picture taken from a Coast Guard helicopter. Civil Protection of Iceland/Handout via REUTERS Acquire Licensing RightsCOPENHAGEN, Nov 11 (Reuters) - Icelandic authorities have completed the evacuation of 3,000 residents of a town in the southwest of the island over concerns of a volcanic eruption after a series of earthquakes and evidence of magma spreading underground. The chance of an eruption has increased significantly," Thorvaldur Thordarson, professor of volcanology at the University of Iceland, told state broadcaster RUV. Reykjanes is a volcanic and seismic hot spot southwest of the capital Reykjavik. In August 2022, a three-week eruption happened in the same area, followed by another in July of this year.

Persons: Thordarson, Jacob Gronholt, Pedersen, Louise Rasmussen, David Holmes, Christina Fincher Organizations: Coast Guard, REUTERS Acquire, Rights, Icelandic Meteorological, University of Iceland, RUV, Civil Protection Agency, Thomson Locations: Iceland, Handout, Grindavik, Reykjavik, Copenhagen

[1/2] Containers are seen on the Maersk's Triple-E giant container ship Majestic Maersk, one of the world's largest container ships, next to cranes at the APM Terminals in the port of Algeciras, Spain January 20, 2023. REUTERS/Jon Nazca/File photo Acquire Licensing RightsSummaryCompanies Signals sharp downturn in demandTo review share buyback program for 2024Says industry facing overcapacity and lower prices, demandShares down 17.5% to lowest in three yearsCOPENHAGEN, Nov 3 (Reuters) - Shipping group A.P. Moller-Maersk (MAERSKb.CO), reported a steep drop in third-quarter profit and revenue on Friday and said it would cut at least 10,000 jobs in the face of overcapacity, rising costs and weaker prices, sending its shares tumbling. The industry invested heavily in new container ships during and after the pandemic to meet strong demand and benefit from record freight rates. A large number of new ships entered the market since the summer with no signs of idling or scrapping, said Clerc.

Persons: Jon Nazca, Moller, Vincent Clerc, Clerc, Morten Holm Enggaard, Maersk, Jacob Gronholt, Pedersen, Louise Rasmussen, Johannes Birkebaek, Terje Solsvik, Miral Fahmy, Elaine Hardcastle Organizations: Triple, Majestic, APM, REUTERS, Shipping, Maersk, Walmart, Nike, Jyske Bank, Revenues, Thomson Locations: Algeciras, Spain, COPENHAGEN, North America, Copenhagen

REUTERS/Jon Nazca/File photo Acquire Licensing RightsSummaryCompanies Signals sharp downturn in demandTo review share buyback program for 2024Says industry facing overcapacity and lower prices, demandShares down more than 10% to lowest in three yearsCOPENHAGEN, Nov 3 (Reuters) - Shipping group A.P. Moller-Maersk (MAERSKb.CO), reported a steep drop in third-quarter profit and revenue on Friday and said it would cut at least 10,000 jobs in the face of overcapacity, rising costs and weaker prices. Shares in the Copenhagen-based group slid 11.1% by 0904 GMT, to their lowest level in three years. The group already warned in August of a steeper decline in global demand for shipping containers by sea this year. Reporting by Jacob Gronholt-Pedersen and Louise Rasmussen, editing by Terje Solsvik, Miral Fahmy, Elaine HardcastleOur Standards: The Thomson Reuters Trust Principles.

Persons: Jon Nazca, Moller, Vincent Clerc, Morten Holm Enggaard, Maersk, Jacob Gronholt, Pedersen, Louise Rasmussen, Terje Solsvik, Miral Fahmy, Elaine Hardcastle Organizations: Triple, Majestic, APM, REUTERS, Shipping, Maersk, Walmart, Nike, Jyske Bank, Thomson Locations: Algeciras, Spain, COPENHAGEN, Copenhagen

Orsted, the world's largest offshore wind developer, said it would stop developing its 2,248-megawatt (MW) Ocean Wind 1 and 2 projects in New Jersey. The offshore wind industry has found itself in a perfect storm of rising inflation, interest rate hikes and supply chain delays. Norway's Equinor (EQNR.OL), BP's partner on those New York offshore wind developments, booked a $300 million impairment on the projects on Friday. Orsted, which in June announced plans to invest 475 billion crowns by 2030, said it was in the process of reviewing its investments and could introduce cost-saving initiatives. Orsted's share price has tumbled 52% since an August profit warning, cutting its market value to 112 billion crowns from 235 billion.

Persons: Joe Biden, Norway's, Mads Nipper, Nipper, Bernstein, Deepa Venkateswaran, Jacob Gronholt, Pedersen, Louise Rasmussen, Gursimran Kaur, Terje Solsvik, Michael Perry, Mark Potter Organizations: Wednesday, U.S, BP, Thomson Locations: U.S, New Jersey, New York, Danish, Copenhagen, Bengaluru

☆ Nordic Countries to Cooperate More on Returning Migrants to Countries of Origin
▼ + stars: | 2023-10-31 | by ( Oct. | At A.M. | ) www.usnews.com time to read: +2 min

By Johannes BirkebaekCOPENHAGEN (Reuters) - The Nordic governments intend to step up their cooperation to return immigrants without legal residence in the region to their countries of origin, ministers from the five countries said in a joint press conference in Copenhagen on Tuesday. However, the Danish model has become more popular as anti-immigration voices have gained traction across the Nordic region. The ministers of Sweden, Finland, Denmark, Norway and Iceland have agreed to strengthen cooperation between diplomatic personnel in charge of returning migrants from the respective Nordic countries to their country of origin. The five countries also have agreed to arrange joint flights to take illegal residents to a third country through the European Border and Coast Guard Agency, Frontex. Lastly, the ministers agreed to "assist stranded irregular migrants in North Africa," who they say will be offered assisted voluntary return to their home countries and assistance in re-establishing themselves in the third country.

Persons: Johannes Birkebaek COPENHAGEN, Ulf Kristersson, Maria Malmer Stenergard, Mari Rantanen, Johannes Birkebaek, Louise Rasmussen, David Gregorio Organizations: Nordic, United Nations, of, European Border, Coast Guard Agency, Frontex, Agency, International Organisation for Migration Locations: Copenhagen, Denmark, Danish, Nordic, Swedish, Finland, Finnish, Sweden, Norway, Iceland, North Africa, Europe, Africa

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

☆ 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

☆ 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

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

☆ 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

[1/2] A police officer on a Segway patrols Sweden's parliament Riksdagen as the terror threat level in Sweden is raised to four on a five-point scale, in Stockholm, Sweden, August 17, 2023. There has been widespread condemnation from many parts of the Muslim world, with Iranian Supreme Leader Ayatollah Ali Khamenei urging severe punishment for those responsible and saying Sweden was in battle mode against the Muslim world. "Sweden has gone from being considered a legitimate target for terrorist attacks to being considered a prioritised target," SAPO head Charlotte von Essen told a news conference. MILITARY ALERTThe Swedish armed forces also said they were raising the terrorism threat level for operations. Britain and the United States have warned nationals against going to Sweden due to possible terrorist attacks amid protests there and in neighbouring Denmark over the Koran burnings.

Persons: Riksdagen, Fredrik Sandberg, Ayatollah Ali Khamenei, Charlotte von Essen, von Essen, Simon Johnson, Johan Ahlander Terje Solsvik, Louise Rasmussen, Niklas Pollard, Andrew Cawthorne Organizations: TT, Agency, REUTERS Acquire, Rights, Iranian, Islamic, Thomson Locations: Sweden, Stockholm, Rights STOCKHOLM, Denmark, Swedish, Britain, United States, Uzbek

☆ Norway, Finland battle rapid spread of bird flu
▼ + stars: | 2023-07-28 | by ( Louise Rasmussen | ) www.reuters.com time to read: +2 min

[1/2] People wearing protective suits collect dead birds, as there is a major outbreak of bird flu, in Vadso municipality in Finnmark in Norway, July 20,2023. Oyvind Zahl Arntzen/NTB/via REUTERS/File PhotoCOPENHAGEN, July 28 (Reuters) - Norway and Finland face record outbreaks of bird flu this year which have killed thousands of seagulls and other species, put livestock at risk and restricted travel in some areas, officials said. Avian influenza, commonly called bird flu, has circulated throughout Europe in recent years, leading to a cull in May and June of millions of birds on French farms alone and affecting the supply of poultry meat and eggs. The H5N1 virus strain has spread among poultry and wild birds for years but there have been sporadic outbreaks reported globally in mammals such as cats, mink and otters. Neighbouring Finland also said wild birds were heavily affected and that the H5N1 strain has now been found in 20 fur farms, up from 12 earlier this week.

Persons: Oyvind Zahl, Ole, Herman Tronerud, Louise Breusch Rasmussen, Terje Solsvik, Toby Chopra Organizations: Norwegian Food Safety Authority, Norwegian Food, World Health, Thomson Locations: Vadso, Finnmark, Norway, COPENHAGEN, Finland, Europe, Norway's Finnmark, Norwegian

☆ Norway government ministries hit by cyber attack
▼ + stars: | 2023-07-24 | by ( ) www.reuters.com time to read: +1 min

OSLO, July 24 (Reuters) - Twelve Norwegian government ministries have been hit by a cyber attack, the Norwegian government said on Monday, the latest attack to hit the public sector of Europe's largest gas supplier and NATO's northernmost member. That weakness has now been shut," Erik Hope, head of the government agency in charge of providing services to ministries, told a news conference. The attack was identified due to "unusual" traffic on the supplier's platform, Hope said, declining to provide specifics. Norway is Europe's largest gas supplier after a drop in Russian gas flows and Western Europe's largest oil exporter. Norway's state sector has been hit by cyber attacks previously, including in June 2022, when a so-called distributed denial-of-service (DDoS) attack took place, blamed on a "criminal pro-Russian group".

Persons: Erik Hope, Hope, Gwladys Fouche, Louise Rasmussen, Terje Solsvik Organizations: NATO, Thomson Locations: OSLO, Norwegian, Norway, Norway's, Russia, Ukraine

☆ Nokia misses Q2 expectations, lowers full-year guidance
▼ + stars: | 2023-07-14 | by ( ) www.reuters.com time to read: +1 min

STOCKHOLM, July 14 (Reuters) - Finnish telecom gear group Nokia (NOKIA.HE) reported on Friday second-quarter sales of 5.7 billion euros ($6.4 billion), a comparable operating profit margin of 11%, and lowered its full-year outlook. Nokia said it now saw 2023 sales of 23.2-24.6 billion euros ($26.1-$27.6 billion) against 24.6-26.2 billion previously. It narrowed its comparable operating margin range outlook to 11.5-13% from 11.5-14% previously. New Nokia's logo is displayed before GSMA's 2023 ahead of the Mobile World Congress (MWC) in Barcelona, Spain February 26, 2023. ($1 = 0.8906 euros)Reporting by Anna Ringstrom, editing by Louise Rasmussen and Matt ScuffhamOur Standards: The Thomson Reuters Trust Principles.

Persons: Refinitiv, Albert Gea, Anna Ringstrom, Louise Rasmussen, Matt Scuffham Organizations: Nokia, Mobile World Congress, REUTERS, Nokia's Network Infrastructure, Mobile Networks, Thomson Locations: STOCKHOLM, Finnish, Barcelona, Spain

☆ Nokia warns on Q2, lowers full-year results guidance
▼ + stars: | 2023-07-14 | by ( ) www.reuters.com time to read: 1 min

STOCKHOLM, July 14 (Reuters) - Finnish telecom gear group Nokia (NOKIA.HE) reported on Friday preliminary second-quarter sales of 5.7 billion euros ($6.4 billion) and a comparable operating profit margin of 11%, and lowered its full-year outlook. Analysts polled by Refinitiv had estimated sales of 6.0 billion on average. Nokia said it now saw 2023 sales of 23.2-24.6 billion euros ($26.1-$27.6 billion) against 24.6-26.2 billion previously. It narrowed its comparable operating margin range outlook to 11.5-13% from 11.5-14% previously. ($1 = 0.8906 euros)Reporting by Anna Ringstrom, editing by Louise RasmussenOur Standards: The Thomson Reuters Trust Principles.

Persons: Refinitiv, Anna Ringstrom, Louise Rasmussen Organizations: Nokia, Nokia's Network Infrastructure, Mobile Networks, Thomson Locations: STOCKHOLM, Finnish

☆ Tomb Raider games group Embracer raises $182 mln in share issue
▼ + stars: | 2023-07-06 | by ( ) www.reuters.com time to read: +1 min

STOCKHOLM, July 6 (Reuters) - Sweden's Embracer (EMBRACb.ST) has raised 2 billion crowns ($182 million) in a share issue directed at institutional investors, the gaming group said on Thursday, after last month flagging a need to cut investments and costs. It issued 80,000 new shares at a subscription price of 25 crowns per share, it said in a statement, sending its shares down 13%. "The proceeds from this share issue will further strengthen our financial position, improving both financing cost and our operational flexibility, and enabling us to focus on the key aspects of the program," it said. Trading was heavy, with hourly volume running at over 9 million shares, the second-highest on record after May 24's hourly rate of over 10 million, Refinitiv Eikon data showed. Embracer, which last year bought several development studios and the intellectual property rights to a number of games including a new Tomb Raider game, announced plans for the share issue late on Wednesday.

Persons: Anna Ringstrom, Louise Rasmussen, Jason Neely Organizations: Thomson Locations: STOCKHOLM, Embracer

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

[1/5] Police officers intervene after people's reaction as demonstrators burn the Koran (not pictured) outside Stockholm's central mosque in Stockholm, Sweden June 28, 2023. "It's legal but not appropriate," he said, adding that it was up to the police to make decisions on Koran burnings. Representatives of the mosque were disappointed by the police decision to grant permission for the protest on the Muslim holiday of Eid al-Adha, mosque director and Imam Mahmoud Khalfi said on Wednesday. Up to 10,000 visitors attend Stockholm's mosque for the Eid celebrations every year, according to Khalfi. Turkey in late January suspended talks with Sweden on its NATO application after a Danish far-right politician burned a copy of the Koran near the Turkish embassy in Stockholm.

Persons: Stefan Jerrevang, Hakan Fidan, Ulf Kristersson, Momika, Eid, Imam Mahmoud Khalfi, Khalfi, Louise Breusch Rasmussen, Marie Mannes, Johan Ahlander, Burcu Karakas, Terje Solsvik, Peter Graff, Angus MacSwan, William Maclean Organizations: Police, TT News Agency, REUTERS, NATO, Swedish, Islam, Atlantic Treaty Organization, Thomson Locations: Stockholm's, Stockholm, Sweden, REUTERS STOCKHOLM, Turkey, Ankara, Ukraine, Khalfi, Danish, Turkish, Copenhagen, Istanbul

☆ Three Europeans return home after release by Iran in prisoner swap
▼ + stars: | 2023-06-03 | by ( Charlotte Van Campenhout | ) www.reuters.com time to read: +5 min

They arrived around 2:45 a.m. (0045 GMT) and were greeted by Belgian Foreign Minister Hadja Lahbib, Belgium's Belga news agency reported. Danish citizen Thomas Kjems flew on to Copenhagen, landing at around 11 a.m. (0900 GMT) on Saturday. Austrian Foreign Minister Alexander Schallenberg tweeted photos of the two Austrians arriving in Vienna. Iranian Foreign Minister Hossein Amirabdollahian tweeted on Saturday that he had told Lahbib that he hoped the prisoners' release would "open a new page" in Iran's relations with Belgium and Europe. Belgian government officials said that officially there were still 22 Europeans in Iranian prisons, but that no more Europeans would be exchanged for Assadi.

Persons: Thomas Kjems, Read, Dane, Asadollah Assadi, Olivier Vandecasteele, Assadi, Hadja Lahbib, Belgium's, It's, I've, Alexander Schallenberg, Hossein Amirabdollahian, Lahbib, Amirabdollahian, Massud Mosaheb, Kamran Ghaderi, Lars Lokke Rasmussen, Kazem, Ahmadreza, Louise Rasmussen, Tom Little, Charlotte Van Campenhout, Bart Biesemans, Andrew Gray, Francois Murphy, Hugh Lawson, Mark Potter, Frances Kerry Organizations: Copenhagen Airport, Europeans, Belgian Foreign, Austrian, Ministry, Austrian Friendship Society, Danish, Assadi, Iranian, Thomson Locations: Copenhagen, Denmark, Iran, BRUSSELS, DUBAI, Tehran, Belgian, Belgium, France, Oman, Danish, Vienna, Iranian, Europe, ., Swedish, Brussels, Dubai

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