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☆ What it's like to work with a billionaire, according to ex-colleagues of Elon Musk, Jeff Bezos, Bill Gates, and Sara Blakely
▼ + stars: | 2023-06-13 | by ( Jack Sommers | ) www.businessinsider.com time to read: +6 min

Past colleagues discussed working with Bill Gates, Elon Musk, Jeff Bezos, and Sara Blakely. Here, people who've worked alongside Elon Musk, Jeff Bezos, Bill Gates, and Sara Blakely talk about what it was like. After buying their company, Gates interrogated Williams and his colleagues about why their product was better than its Microsoft rival's. Reuters 'Girl next door' Sara Blakely was a 'creative genius'Lisa Magazine and Kenya Graham were personal and executive assistants, respectively, to Blakely, the Spanx founder. Read more: Elon Musk was a 'fun' boss but fired people on the spot if they disagreed with him, former Tesla manager says

Persons: Bill Gates, Elon Musk, Jeff Bezos, Sara Blakely, they'd, —, who've, Gates, Alex Wong, Chris Williams, Williams, aul Ellis, Colin Bryar, Bryar, Bezos, I've, Blakely, Lisa, Kenya Graham, Graham, Read, Sara Blakely's, Musk, Dimitrios Kambouris, Elon, Carl Medlock, he'll, Medlock, didn't Organizations: Service, Elon, Microsoft, Amazon, Amazon VP, Reuters, Lisa Magazine, Kenya, Nordic Business, Getty Locations: Blakely, Atlanta, Medlock

Adenza was created in 2021 when Thoma Bravo merged Calypso Technologies with AxiomSL and is expected to generate about $590 million in revenue this year. As part of the Adenza deal, Thoma Bravo will get a 14.9% stake in Nasdaq, making the private equity firm one of the company's biggest shareholders. Nasdaq said buying Adenza is expected to increase the medium-term organic revenue growth outlook for its Solutions Businesses, which designs and develops financial software for investors, from 7%-10% to 8%-11%. Goldman Sachs & Co and J.P. Morgan Securities are financial advisers to Nasdaq, while Qatalyst Partners is lead financial advisor to Thoma Bravo and Adenza. Wachtell, Lipton, Rosen & Katz is serving as legal adviser to Nasdaq, while Kirkland & Ellis is serving as legal adviser to Thoma Bravo and Adenza.

Persons: Thoma, Adena Friedman, Morningstar, Michael Miller, Friedman, Adenza, Andrew Bond, Holden Spaht, Thoma Bravo's Spaht, Goldman Sachs, Wachtell, Lipton, Katz, Ellis, Manya Saini, Anirban Sen, John McCrank, David French, Milana, Michelle Price, Sruthi Shankar, Nivedita Bhattacharjee, Nick Zieminski, Lisa Shumaker Organizations: Thoma Bravo, Nasdaq Nasdaq, Nasdaq, Calypso Technologies, REUTERS, OMX, International Securities Exchange, Rosenblatt Securities, Solutions, Goldman Sachs & Co, Morgan Securities, Qatalyst, Rosen, Kirkland, Adenza, Thomson Locations: New York City, U.S, Adenza, Bengaluru, New York, Washington

☆ Oreo-maker Mondelez faces Nordic backlash over Russia business
▼ + stars: | 2023-06-12 | by ( ) www.reuters.com time to read: +2 min

OSLO, June 12 (Reuters) - Mondelez International (MDLZ.O), facing a widening corporate boycott in the Nordic region over its continued presence in Russia, said late on Sunday it had asked to meet with the Norwegian government to protect its local business. Airlines SAS and Norwegian Air, railway group SJ, hotel chain Strawberry, retailer Elkjop, shipping group Fjord Line and the Norwegian Football Association were among those announcing in recent days that they would stop selling Mondelez products. Although some Western companies sold their Russian assets after Moscow's invasion of Ukraine last year, others such as Mondelez have stayed despite pushback from employees in other countries. Nordic companies said their decision stop selling Mondelez products was based on an announcement this year by Ukraine's National Agency for the Prevention of Corruption to blacklist the snack maker and other groups. Mondelez said it maintained "limited" activity in Russia while halting investment and advertising, and had condemned the war.

Persons: Mondelez, Terje Solsvik, Gerry Doyle Organizations: Mondelez, Airlines SAS, Norwegian Air, SJ, Norwegian Football Association, Ukraine's National Agency for, Coop Norge, Thomson Locations: OSLO, Nordic, Russia, Norwegian, Norway, Sweden, Ukraine, U.S

☆ Finland is consistently ranked the happiest country on earth. For Finns, it's an eye-roller.
▼ + stars: | 2023-06-10 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +9 min

Finland's high levels of social trust could be one reason the country has been ranked as the world's happiest for six years in a row. Finns don't view themselves as exceptionally happy people. A busy street in Helsinki, Finland. In 2021, the Nordic country spent 24% of its GDP on social protection — the highest of any other OECD country that year. 'We have problems as well'As fun as such ratings can be to share and debate, they of course obscure the challenges experienced in any country, even Finland.

Persons: Frank Martela, they've, Jennifer De Paola, De Paola's, Jimenez, you'll, We're, Meri Larivaara, it's, De Paola, ALESSANDRO RAMPAZZO, Martela, Larivaara, Eric, Susanna Nordvall, who's, De Organizations: Aalto University, De, Heli Jimenez, United Nations Sustainable Development Solutions, Gallup, Getty, Nordic, OECD, Healthcare, Mental Health Locations: Espoo, Finland's, Helsinki, Finland, AFP, Japan, Italy, Finnish

☆ NATO may base troops in Sweden before Stockholm joins, government says
▼ + stars: | 2023-06-09 | by ( ) www.reuters.com time to read: +1 min

STOCKHOLM, June 9 (Reuters) - Sweden will allow NATO to base troops on its territory even before it formally joins the defence alliance, the prime minister and defence minister said on Friday. Sweden applied last year to join NATO as a result of Russia's invasion of Ukraine. Objections from Turkey and Hungary have delayed the bid and Sweden now hopes to join by a NATO summit in Lithuania next month. "The government has decided that the Swedish Armed Forces may undertake preparations with NATO and NATO countries to enable future joint operations," Prime Minister Ulf Kristersson and Defence Minister Pal Jonson said. "The preparations may consist of temporary basing of foreign equipment and personnel on Swedish territory.

Persons: Ulf Kristersson, Pal Jonson, Vladimir Putin's, Anna Ringstrom, Angus MacSwan Organizations: NATO, Swedish Armed Forces, Dagens Nyheter, Nordic, Thomson Locations: STOCKHOLM, Sweden, Ukraine, Turkey, Hungary, Lithuania, Russia, Finland

But in a statement on April 8 last year, the company said: "Due to recent developments, Acer has decided to suspend its business in Russia." Asked about subsequent exports to Russia via Swiss subsidiary Acer Sales International SA, Acer in Taiwan said in a statement that "we strictly adhere to applicable international regulations and trade laws regarding exports to Russia". Acer did not say why it continued shipping its goods to Russia despite saying it would suspend business there. Reuters was unable to establish where some Acer goods that can still be found on sale in Russia had originated from nor when they had arrived in the country. There were no deliveries of the newly prohibited items by Acer to Russia from Switzerland after that date.

Persons: Dell, Artem Zhavoronkov, Acer, Filipp Lebedev, Gleb Stolyarov, Ben Blanchard, Gabrielle Tétrault, Farber, Mike Collett, White, Kirsten Donovan Organizations: Reuters, Dell, HP, Acer, Russia, European Union, Acer Sales International SA, PC, IDC Russia, Nordic Star, Economy Ministry, Economic Affairs, Russia's Ministry of Industry, Trade, Thomson Locations: Taiwan, Russia, Ukraine, Acer's, Switzerland, Swiss, St . Petersburg, Japan, Bioggio, WhatsApp, Switzerland's, Tbilisi, Taipei, Geneva

☆ Danske Bank raises profit goal, puts Norway retail unit up for sale
▼ + stars: | 2023-06-07 | by ( Nikolaj Skydsgaard | ) www.reuters.com time to read: +3 min

"Danske Bank has during recent years made fundamental changes to refocus the bank, reduce our risk exposure, develop our organisation and accelerate our commercial momentum," said CEO Carsten Egeriis. Rival Nordic banks Nordea (NDAFI.HE) and DNB (DNB.OL) both have long-term ROE targets of more than 13%, while Swedbank (SWEDa.ST) has a goal of at least 15%. Danske Bank is Norway's third-biggest bank after DNB and Nordea with a market share of close to 5%, regulatory data shows. Danske also said it would double investments into the strategic development of the bank, including digital platforms, expert advisory services and sustainability. It plans to maintain its dividend payout ratio of between 40-60% of net profit.

Persons: Carsten Egeriis, Danske, JP Morgan, Nikolaj Skydsgaard, Terje Solsvik, Jason Neely Organizations: Bank, Danske Bank, Danske, Nordic, Thomson Locations: COPENHAGEN, United States, Denmark

☆ CIA was warned of a high-level Ukrainian plot to sabotage Nord Stream pipeline months before it was attacked: report
▼ + stars: | 2023-06-06 | by ( Ryan Pickrell | ) www.businessinsider.com time to read: +4 min

The CIA received intelligence on Ukrainian plans to attack Nord Stream months before the pipeline was sabotaged. Details about the planning was included in intelligence leaked online and obtained by The Washington Post. In the wake of the blasts that severely damaged the Nord Stream pipeline, President Joe Biden declared the incident a "deliberate act of sabotage" and said the US and its partners were working to "get to the bottom" of what exactly happened. Though Kyiv is a suspect in the attack on the Nord Stream pipeline, Russia, which has blamed the West, has also been identified as a potential suspect with the means and some motives to conduct such an attack. A senior European diplomat told The Post that when European and NATO policymakers meet, the attitude among them is generally: "Don't talk about Nord Stream."

Persons: —, Valerii, Volodymyr Zelenskyy, Joe Biden Organizations: CIA, The Washington Post, Service, Washington Post, Air National Guard, Post, Ukraine's, New York Times, NATO, Kyiv Locations: Ukraine, Ukrainian, Russia, Germany, Kyiv, Nord, Russian, Baltic, European

[1/2] Denmark's Prime Minister and head of the Social Democrats Mette Frederiksen speaks on the Workers' International Day at Arbejdermuseet (The Workers Museum) in Copenhagen, Denmark, May 1, 2023. "There is great respect in Europe for the work she has done as prime minister and for the person she is in international cooperation," he said. Frederiksen, a career politician who is also head of the Social Democratic Party, became the youngest-ever Danish prime minister in 2019. Many see her as too dominant and hungry for power," former Danish defence and justice minister Hans Engell told Reuters. When former U.S. President Donald Trump in 2019 proposed buying Greenland, a sovereign territory of the Kingdom of Denmark, Frederiksen dismissed the offer as "absurd".

Persons: Mette Frederiksen, Ritzau Scanpix, Emil Nicolai Helms, Frederiksen, Biden, Monday Frederiksen, Joe Biden, Jens Stoltenberg, Jonas Gahr Store, Jacob Kaarsbo, Hans Engell, Donald Trump, Tayyip Erdogan, Viktor Orban, Engell, Jacob Gronholt, Pedersen, Louise Breusch Rasmussen, Sharon Singleton Organizations: Denmark's, Social, Workers, The Workers Museum, REUTERS, NATO, U.S, Atlantic Treaty Organization, Social Democratic Party, Reuters, Hungary's, Thomson Locations: Copenhagen, Denmark, Ukraine, COPENHAGEN, Washington, NATO, Russia, Europe, Nord, Greenland, Kingdom of Denmark

STOCKHOLM, June 1 (Reuters) - IKEA stores owner Ingka group has announced the official start of work on its delayed first store in New Zealand, which it predicts will be followed by other outlets as the Asia-Pacific region recovers from the COVID-19 pandemic and macro-economic shocks. Head of Retail at Ingka group Tolga Oncu told Reuters preliminary opening dates were often subject to change. Asked about possible stores in other parts of New Zealand, Oncu said he did not expect the one in Auckland to be enough. "So one can expect that IKEA in the long term is going to continue to look for opportunities to expand in New Zealand," he said. Globally, there are more than 450 IKEA stores, most of which are owned by the Ingka group.

Persons: Oncu, Ingka, Marie, Lucy Craymer, Barbara Lewis Organizations: IKEA, Reuters, Marie Mannes, Thomson Locations: STOCKHOLM, New Zealand, Asia, Pacific, Auckland , New, Auckland, Europe, Australia, Stockholm, Wellington

☆ Biden says Sweden will 'soon' join NATO at U.S. Air Force address
▼ + stars: | 2023-06-01 | by ( Steve Holland | ) www.reuters.com time to read: +3 min

[1/7] U.S. President Joe Biden attends the graduation ceremony at the Air Force Academy in Colorado Springs, Colorado, U.S., June 1, 2023. Biden, in a flag-waving commencement address in Colorado Springs, Colorado, warned graduates they will enter service in an increasingly unstable world, citing challenges from Russia and China. Biden told reporters Erdogan repeated Ankara's desire to buy F-16 fighter jets from the United States, while Biden urged Ankara to drop its objection to Sweden's joining NATO. Biden made clear the United States would not back down from the challenge posed by China amid deep strains in the relationship. China and the United States should be able to work together where we can to solve some global challenges, like climate," he said.

Persons: Joe Biden, Kevin Lamarque, Biden, Recep Tayyip Erdogan, Erdogan, Sweden's, Vladimir Putin's, Antony Blinken, Steve Holland, Caitlin Webber, Heather Timmons, David Gregorio Our Organizations: Air Force Academy, REUTERS, Sweden, NATO, U.S . Air Force Academy, Nordic, F16s, Ukraine, Thomson Locations: Colorado Springs , Colorado, U.S, Kevin Lamarque COLORADO SPRINGS , Colorado, Russia, China, United States, Ankara, Ukraine, Finland, Sweden, Vilnius, Lithuania, Turkey

☆ I moved from the US to Sweden after struggling with burnout. Now I have 6 weeks of paid vacation per year and rarely work overtime.
▼ + stars: | 2023-05-30 | by ( Hannah Towey | ) www.businessinsider.com time to read: +11 min

Now she rarely works overtime, gets six weeks of paid vacation a year, and got a free master's. In Sweden, if you work late, your boss might flag that your workload is too high, or that you're not capable enough to do your work within work hours. His company sponsored both of our residencies and work visas, so we had the ability to live and work in Sweden full time. I get six weeks of paid vacation every year and I use it allSweden's Annual Leave Act gives workers the legal right to take at least four weeks of consecutive paid vacation between the months of June and August. My company gives us six weeks of paid vacation per year, and I take all of it.

☆ Denmark plans $2.6 bln more for Ukraine, Zelenskiy praises 'major contribution'
▼ + stars: | 2023-05-29 | by ( ) www.reuters.com time to read: +1 min

STOCKHOLM, May 29 (Reuters) - Denmark plans to increase its spending on military aid to Ukraine by 17.9 billion crowns ($2.59 billion) over this year and next, Prime Minister Mette Frederiksen said on Monday, winning thanks for Ukrainian President Volodymyr Zelenskiy. Denmark, with a population of less than 6 million, in March established a $1 billion fund for military, civilian and business aid to Ukraine in 2023. "This major contribution will further strengthen the combat capabilities of the Armed Forces of Ukraine in the short and medium term," Zelenskiy said in a tweet. The new money is earmarked for military aid, Danmarks Radio reported. Jens Stoltenberg, the transatlantic military alliance's secretary-general, is due to step down in September.

☆ Finland is paying for people to come visit so they can learn how to be happy. Here's why.
▼ + stars: | 2023-05-27 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +4 min

Finland is paying for people to visit the country so they can learn how to be happy. The Visit Finland organization will fly 14 people to the country's lake district for a masterclass. The country's happiness masterclass, run by the Visit Finland organization, takes place in the scenic lake district at the Kuru Resort next month. Visit Finland plans to cover all travel and accommodation expenses, including a private room and access to a traditional Finnish sauna and spa. Visit Finland's happiness masterclass has received a flood of interest, organizers say.

☆ ABBA's Bjorn and Benny dismiss Eurovision reunion in Sweden next year
▼ + stars: | 2023-05-25 | by ( ) www.reuters.com time to read: +1 min

LONDON, May 25 (Reuters) - ABBA members Benny Andersson and Bjorn Ulvaeus have dismissed a reunion at next year's Eurovision Song Contest in their native Sweden, which will also mark the 50th anniversary of when the supergroup won the competition with "Waterloo". Sweden's Loreen won Eurovision 2023 in Liverpool, northern England, this month, meaning the Nordic country will host next year's contest. "We can celebrate 50 years of ABBA without us being on stage," Ulvaeus added. Formed in 1972, ABBA won legions of fans around the world after triumphing at the 1974 Eurovision Song Contest, with their enduring hits such as "Dancing Queen" and "Fernando". Last year they launched a London concert residency as digital avatars - versions of themselves from their 1970s heyday thanks to motion-capture technology.

☆ Electricity prices in Finland flipped negative — a huge oversupply of clean, hydroelectric power meant suppliers were almost giving it away
▼ + stars: | 2023-05-25 | by ( Marianne Guenot | ) www.businessinsider.com time to read: +4 min

A new nuclear reactor, as well as unexpected floods, are leading to a glut of clean energy. While much of Europe was facing an energy crisis, the Nordic country reported that its spot energy prices dropped below zero before noon. "Now there is enough electricity, and it is almost emission-free," Ruusunen told Yle, adding that Finns could "feel good about using electricity." Ruusunen told the National that Finland wanted wind to become its primary power source by 2027. Finland is now dealing with energy prices being too lowAn offshore windfarm near the Aland Islands, an autonomous archipelago that is a region of Finland in the Baltic sea.

☆ Tesla vs. BYD: Here's why one fund manager prefers the Buffett-backed automaker
▼ + stars: | 2023-05-22 | by ( Ganesh Rao | ) www.cnbc.com time to read: +4 min

In an era defined by the need to tackle climate change, electric vehicles are seen as an increasingly important part of the solution. For Philip Ripman, portfolio manager at Storebrand Asset Management, one global EV automaker stands out: China's BYD — not Elon Musk's Tesla . Public transport operator Nobina already operates over 300 BYD electric buses across multiple Nordic cities. Affordable and high-end vehicles Another reason Ripman favors BYD over Tesla is the former's broader range of vehicles. On Tesla, Ripman expressed some concern over CEO Musk's distractions and their potential impact on the automaker's stock price.

☆ Norway faces backlash from campaigners for 'reckless' pursuit of Arctic oil and gas
▼ + stars: | 2023-05-22 | by ( Sam Meredith | ) www.cnbc.com time to read: +6 min

Norway oil and gas giant Equinor and Vår Energi, one of the country's largest exploration and production companies, confirmed to CNBC that the minister recently issued this call. Frode Pleym Head of Greenpeace NorwayIt is estimated that roughly two-thirds of the country's undiscovered oil resources lies off the country's northern coast in the Arctic's Barents Sea. The alternative to oil and gas is not more oil and gas, it is more energy efficiency and renewable energy." A spokesperson for Equinor told CNBC that the company hoped to see "new attractive acreage in the Barents Sea." Separately, a mid-April study from gas infrastructure operator Gassco said building a pipeline to transport gas produced in the Arctic Barents Sea could be worth re-examining due to the country stepping up its gas exports to Europe.

☆ A Centuries-Old Mystery: Did This Elusive Viking City Exist?
▼ + stars: | 2023-05-18 | by ( Andrew Higgins | ) www.nytimes.com time to read: +1 min

After the local government decided to build an observation tower atop a sandy hill on Wolin, an island in the Baltic Sea, a Polish archaeologist was called in to check the site before construction and look for buried artifacts from the spot’s macabre past. Hangmen’s Hill, a public park, had in earlier times been an execution ground, a cemetery and, some believe, a place for human sacrifices — so who knew what grisly discoveries were in store? But what the archaeologist, Wojciech Filipowiak, found when he started digging caused more excitement than distaste: charcoaled wood indicating the remains of a 10th-century stronghold that could help solve one of the great riddles of the Viking Age. Was a fearsome fortress mentioned in ancient texts a literary fantasy or a historical reality? It has long been known that Nordic warriors established outposts more than a millennium ago on Poland’s Baltic coast, enslaving indigenous Slavic peoples to supply a booming slave trade, as well trading in salt, amber and other commodities.

☆ Factbox: Why Ukraine is bidding for F-16 jets and will it succeed?
▼ + stars: | 2023-05-17 | by ( ) www.reuters.com time to read: +5 min

WHAT KIND OF FIGHTER JETS COULD UKRAINE GET? Ukraine wants F-16s, which it says are "four or five times" more effective than Soviet-era jets it currently has. However, Polish President Andrzej Duda reiterated on Tuesday that Poland has too few F-16 jets to be able to give any to Ukraine. Britain will not send jets to Ukraine, a spokesperson for Sunak has said, since Britain does not have the F-16s that Ukraine wants. Denmark said in February it was "open" to the idea of sending fighter jets to Ukraine.

☆ Analysis: Why Erdogan's fate matters to Biden and the US
▼ + stars: | 2023-05-15 | by ( Stephen Collinson | ) edition.cnn.com time to read: +10 min

Erdogan’s fate will have major implications not just for his country’s democracy, which he has worked to weaken, but for US foreign policy too. “Our people should be confident that we will definitely win, and we will bring democracy to this country,” he said. Biden’s entire presidency has unfolded in the shadow of autocrats, assaults on democracy and aspiring strongman leaders – abroad, and most remarkably at home. Biden confronts a threat from democracy at homeBut none of those leaders pose an existential threat to US democracy. Ahead of the election, Kilicdaroglu was talking in very similar terms about the need to preserve democracy as Biden does in the US.

☆ Swedish singer Loreen wins Eurovision Song Contest for 2nd time at event feting Ukraine
▼ + stars: | 2023-05-14 | by ( ) www.cnbc.com time to read: +6 min

Swedish singer Loreen won the Eurovision Song Contest on Saturday night with her power ballad "Tattoo," at a colorful, eclectic music competition clouded for a second year running by the war in Ukraine. Loreen, 39, previously won Eurovision in 2012 and is only the second performer to take the prize twice, after Ireland's Johnny Logan in the 1980s. Under the slogan "united by music," Eurovision final fused the soul of the English port city that birthed The Beatles with the spirit of war-battered Ukraine. Now in its 67th year, Eurovision bills itself as the world's biggest music contest — an Olympiad of party-friendly pop. "Now, the music industry, the world, knows that if you appear at Eurovision, you could be in for a great thing," said Steve Holden, host of the official Eurovision Song Contest podcast.

☆ British Air Force to guard Iceland during Council of Europe summit
▼ + stars: | 2023-05-14 | by ( ) www.reuters.com time to read: +1 min

The May 15-19 airspace protection agreement signed by the two countries will provide security before, during and after a summit of the Council of Europe, the continent's leading human rights watchdog, which is meeting in Iceland on May 16 and 17. British Prime Minister Rishi Sunak is among the government leaders expected to attend the meeting of the 46-nation council. The summit will be the largest international event held in Iceland, according to the government. The island nation situated in the North Atlantic ocean has a population of fewer than 400,000 people and no standing army or air force of its own. Reporting by Terje Solsvik in Oslo Editing by Matthew LewisOur Standards: The Thomson Reuters Trust Principles.

☆ Opinion | On ‘Succession,’ Marriage Reveals Its Sting
▼ + stars: | 2023-05-08 | by ( Pamela Paul | ) www.nytimes.com time to read: +2 min

“I love you, but you kill me, and I kill you.”Marriage is where “Succession” hits viewers the closest. And marriage is the theme of this week’s episode — one of the best in the four-season series. It shows the marriage of Shiv and Tom plunge from workplace sexting to brooding in separate beds in the same cavernous apartment. The unlikely marriage of Connor and Willa endures under the mutual recognition of his submission and her domination. And the impending marriage of creaky Waystar Royco and futuristic Nordic GoJo hangs in the balance.

☆ Meet the urban investor combining real estate, venture capital, and private equity to spend $5.5 billion making cities more liveable
▼ + stars: | 2023-05-05 | by ( Tasmin Lockwood | ) www.businessinsider.com time to read: +5 min

Urban Partners will combine real estate, venture capital, private equity, and credit under one company. "We started thinking about what real estate investing can do beyond just a piece of investment," Claus Mathisen, CEO of Urban Partners, told Insider. "You start thinking about servicing customers – the stakeholders who actually use the real estate – and you design around them." Urban Partners is working with mayors to figure out what they need to make their cities more livable. Cobe ArchitectsInstead of focusing on financial return on investment, Urban Partners is also using environmental impact as a KPI.

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