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COPENHAGEN, Sept 29 (Reuters) - NATO Secretary General Jens Stoltenberg on Friday said he was confident that both Poland and Slovakia would continue to support Ukraine in its war with Russia after imminent elections, despite recent harsh rhetoric towards Kyiv. Poland, which elects a new parliament on Oct. 15, said last week it would no longer agree to new arms deliveries to Ukraine but instead focus on rebuilding its own stocks. "I'm expecting and I'm confident that Ukraine and Poland will find a way to address those issues without that impacting in a negative way the military support to Ukraine," Stoltenberg told Reuters in an interview in Copenhagen. NATO-member Slovakia has also been a staunch ally of Ukraine, sending its eastern neighbour military equipment including MiG-29 fighter jets and an S-300 air defence system. But opposition leader and former prime minister Robert Fico, who leads polls ahead of Saturday' election, has pledged to end that military support.

Persons: Jens Stoltenberg, Ukraine's, I'm, Stoltenberg, Robert Fico, Jacob Gronholt, Pedersen, Alison Williams, Kevin Liffey Organizations: NATO, Reuters, Thomson Locations: COPENHAGEN, Poland, Slovakia, Ukraine, Russia, Kyiv, Copenhagen

SAS filed for U.S. bankruptcy protection last year as it struggled to slash costs and debt amid strikes by pilots. SAS hopes to raise 9.5 billion Swedish crowns ($863 million) in new equity and convert 20 billion crowns of debt into equity. They could include Sweden's family-owned Wallenberg foundation, which currently holds a 3.4% stake in SAS, or Danish pension funds, he said. Once that is done, SAS can begin proceedings to exit chapter 11 bankruptcy protection, which could be late this year or next year, Pedersen said. It is not clear if SAS will be taken off the Swedish stock market after exiting bankruptcy protection.

Persons: Johan Nilsson, Apollo, Jacob Pedersen, Gerald Engstrom, Pedersen, Johannes Birkebaek, Jacob Gronholt, Mark Potter Organizations: SAS Airbus, Kastrup, Scandinavian Airlines, TT News Agency, REUTERS, Rights, Scandinavia's, SAS, U.S, Italy's ITA Airways, Portugal's TAP, WHO, Apollo Global Management Inc, European Union, Wallenberg, Private, Lufthansa, ITA Airways, Thomson Locations: Kastrup, Denmark, Rights COPENHAGEN, Danish, Copenhagen, EU, Europe, SWEDEN, NORWAY, Swedish, Sweden, Private Swedish

☆ Novo Nordisk shares fall after media report about quality lapses at U.S. plant
▼ + stars: | 2023-09-18 | by ( ) www.reuters.com time to read: +1 min

Flags are seen outside Novo Nordisk headquarters in Copenhagen, Denmark, February 5, 2020. REUTERS/Jacob Gronholt-Pedersen/File Photo Acquire Licensing RightsCompanies Novo Nordisk A/S FollowCOPENHAGEN, Sept 18 (Reuters) - Novo Nordisk's (NOVOb.CO) shares fell on Monday after financial news agency MarketWire reported that U.S. drug regulators had recently issued a report detailing quality control lapses at the group's Clayton, North Carolina plant, citing sources. Novo Nordisk declined to comment on the report, but said in an emailed statement that the site was "running and producing for the market". MarketWire did not specify when the FDA inspection occurred. According to the FDA, a Form 483 is a type of agency report containing "observations" that FDA inspectors "deem to be objectionable".

Persons: Jacob Gronholt, Pedersen, MarketWire, Clayton, Maggie Fick, Anna Ringstrom, Jan Harvey Organizations: Novo Nordisk, REUTERS, Reuters, FDA, Thomson Locations: Novo, Copenhagen, Denmark, Clayton, North Carolina

☆ Novo Nordisk owner invests $290 million in energy transition fund
▼ + stars: | 2023-09-14 | by ( Maggie Fick | ) www.reuters.com time to read: +2 min

FILE PHOTO-A coffee machine featuring Novo Nordisk logo is seen at the company headquarters in Copenhagen, Denmark, February 5, 2020. REUTERS/Jacob Gronholt-Pedersen/File Photo Acquire Licensing RightsCompanies Novo Nordisk A/S FollowLONDON, Sept 14 (Reuters) - The controlling shareholder in drugmaker Novo Nordisk on Thursday announced a major investment in a new energy transition fund as it expands its portfolio beyond health. Novo Holdings controls 76% of the votes in Denmark's Novo Nordisk (NOVOb.CO), which became Europe's most valuable company last week on the back of soaring profits from its weight-loss drug Wegovy and type 2 diabetes drug Ozempic. Novo Holdings' capital to invest is burgeoning on Novo Nordisk's financial performance. Novo Holdings is wholly owned by the Novo Nordisk Foundation, which lists its aims as providing "a stable basis for the commercial and research activities conducted by the companies within the Novo Group", of which Novo Nordisk is the largest, and supporting "scientific, humanitarian, and social purposes."

Persons: Jacob Gronholt, Pedersen, Morten Beck Jorgensen, " Jorgensen, Maggie Fick, Amanda Cooper, Elaine Hardcastle Organizations: Novo Nordisk, REUTERS, drugmaker Novo Nordisk, Novo Holdings, Denmark's, Denmark's Novo Nordisk, Holdings, Glentra Capital, Glentra, Reuters, Novo, Novo Nordisk Foundation, Thomson Locations: Copenhagen, Denmark, drugmaker Novo, Denmark's Novo, Glentra Capital

A coffee machine featuring Novo Nordisk logo is seen at the company headquarters in Copenhagen, Denmark, February 5, 2020. REUTERS/Jacob Gronholt-Pedersen/File Photo Acquire Licensing RightsLONDON, Sept 1 (Reuters) - Danish drugmaker Novo Nordisk briefly unseated LVMH (LVMH.PA) as Europe's most valuable listed company in intraday trading on Friday, ending the French luxury group's 2-1/2 year-long reign at the top. At 0843 GMT, Novo Nordisk (NOVOb.CO) had a market capitalisation of $421 billion including unlisted stock, according to Refinitiv data and company disclosures of its share count. By 1031 GMT, Novo Nordisk shares were up 1% while LVMH shares were down 0.4%. LVMH shares have fallen 13.8% from an all-time high hit in April, underperforming Europe's broader STOXX 600 which is down around 1.9% in the same time frame.

Persons: Jacob Gronholt, Pedersen, LVMH, Ozempic, Wegovy, Novo's, Louis Vuitton, Marcel Stotzel, Stotzel, Eli Lilly, Axelle Pinon, Mounjaro, Novo, Carmignac's Pinon, Hennessy, Tiffany, Fiona Cincotta, Hermes, Samuel Indyk, Amanda Cooper, Catherine Evans Organizations: Novo Nordisk, REUTERS, Nestle, Dior, Fidelity European Fund, Fidelity European Trust, Barclays, Index, Financiere, Thomson Locations: Copenhagen, Denmark, Danish, LVMH, United States, China, Covid

COPENHAGEN, Aug 30 (Reuters) - Lego continued to take market share in the first six months of the year even as the toy market declined and Chinese consumers returned to stores at a slower pace than expected, the Denmark-based toymaker said on Wednesday. By comparison, Lego grew sales 17% last year and 27% the year before. "But we've taken market share and have grown 10% faster than the market." The company's consumer sales grew 3% in a market that declined by 7%, meaning it grabbed market share from competitors like Hasbro (HAS.O) and Barbie-maker Mattel (MAT.O). He said he believes Lego can continue opening stores at the same pace for another five to 10 years.

Persons: toymaker, Niels Christiansen, Christiansen, Jacob Gronholt, Pedersen, David Holmes Organizations: Reuters, Hasbro, Mattel, Eiffel, Thomson Locations: COPENHAGEN, Denmark, China

Wegovy is the first-to-market in a new class of highly effective weight-loss drugs. The self-injection drug has transformed the fortunes of Novo, whose shares have surged about 165% since Wegovy's U.S. launch two years ago. The lion's share may be claimed by frontrunners Novo and its U.S. rival Eli Lilly and Co (LLY.N). Last month, Novo launched Wegovy in Germany, its first big European market. Reporting by Maggie Fick and Jacob Gronholt-Pedersen Editing by Josephine Mason and Mark PotterOur Standards: The Thomson Reuters Trust Principles.

Persons: Novo Nordisk Lars Fruergaard Jorgensen, LUDOVIC MARIN, Lars Fruergaard Jorgensen's, Jorgensen, Eli Lilly, Wegovy, Novo, Maggie Fick, Jacob Gronholt, Pedersen, Josephine Mason, Mark Potter Organizations: Novo Nordisk, Chateau, BMI, Reuters, frontrunners Novo, Pfizer, Thomson Locations: Versailles, Paris, COPENHAGEN, Europe, Danish, United States, Denmark, Norway, Brussels, Wegovy, Germany

☆ How many F-16 jets will Ukraine get and how will they change war?
▼ + stars: | 2023-08-23 | by ( ) www.reuters.com time to read: +5 min

Denmark this month began training eight Ukrainian pilots in flying the jets, the Danish armed forces said. Officials from a coalition of 11 nations have said F-16 training will also take place in Romania. A Ukranian air force spokesman has said he did not expect Ukraine to be able to operate F-16 jets this coming winter. Designed in the 1970s and produced in the 1980s by General Dynamics, now a part of Lockheed Martin (LMT.N), the F-16 jets that Ukraine will receive are around 40-years-old. Russia warned that supplying jets to Ukraine would escalate the war.

Persons: Volodymyr Zelenskiy, Mark Rutte, de Wouw, Mette Frederiksen, Zelenskiy, Oleksiy Reznikov, Lockheed Martin, Esben Salling Larsen, Salling Larsen, Vladimir Barbin, Johannes Birkebaek, Jacob Gronholt, Terje Solsvik, Angus MacSwan Organizations: Dutch, REUTERS, Rights, Danish, Russian, Ukraine's Defence, NATO, General Dynamics, Lockheed, Royal Defence College, WHO, JETS, Gripen, Saab, Pedersen, Thomson Locations: Eindhoven, Netherlands, Denmark, Ukraine, UKRAINE, Danish, Skrydstrup, Greece, Romania, Poland, Slovakia, RUSSIA, Russia, Russian, Norway, Portugal, Belgium, Sweden, Copenhagen

☆ Ukraine's Zelenskiy says 'confident' Russia will lose war
▼ + stars: | 2023-08-21 | by ( ) www.reuters.com time to read: 1 min

COPENHAGEN, Aug 21 (Reuters) - Ukrainian President Volodymyr Zelenskiy predicted on Monday that Russia will lose the war that still rages in his country, one day after Denmark and the Netherlands promised to donate F-16 fighter jets to Ukraine. "Today we are confident that Russia will lose this war," Zelenskiy said in a speech before a large outdoor crowd in Copenhagen. Reporting by Jacob Gronholt-Pedersen, editing by Terje SolsvikOur Standards: The Thomson Reuters Trust Principles.

Persons: Volodymyr Zelenskiy, Zelenskiy, Jacob Gronholt, Pedersen, Terje Solsvik Organizations: Thomson Locations: COPENHAGEN, Russia, Denmark, Netherlands, Ukraine, Copenhagen

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

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

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

"The main issue with methanol at this stage is increasing access and the scale of green production," Peter Lye, global head of shipping at Anglo American, said. Reuters GraphicsNetherlands-based OCI, which supplied green methanol to Maersk's first ship, can produce up to 200,000 tpy of the renewable fuel. Bashir Lebada, CEO of OCI's methanol and fuels business, said the vessel orders have given suppliers a confidence boost in advancing their green methanol projects even though production is "very small" now. Most green methanol projects are located in China, northern Europe and North America - far from major bunker hubs Singapore and the United Arab Emirates, creating a logistical gap. Within Asia, South Korea and China are set to increase their capacity to fuel ships with green methanol.

Persons: A.P . Moller, Moller, Emma Mazhari, Rashpal Singh Bhatti, we're, Peter Lye, Greg Dolan, Bashir Lebada, Anita Gajadhar, Jeslyn Lerh, Jacob Gronholt, Johannes Birkebaek, Florence Tan, Barbara Lewis Organizations: Reuters, Maersk, Handout, REUTERS, Container, A.P, CMA, Apple, Nike, Adidas, Walmart, Global, Reuters Graphics, United Arab, Pedersen, Thomson Locations: SINGAPORE, COPENHAGEN, South Korea, Reuters Graphics Netherlands, China, Europe, North America, Singapore, United Arab Emirates, Chile, Argentina, Asia, Copenhagen

Companies Novo Nordisk A/S FollowCOPENHAGEN, Aug 10 (Reuters) - Novo Nordisk's (NOVOb.CO) limits on U.S. supplies of starter doses of its hugely popular Wegovy weight-loss drug will last into next year even as the Danish drugmaker spends billions boosting output, its CEO told Reuters on Thursday. Earlier on Thursday, the company said it would continue to restrict U.S. supplies of starter doses of Wegovy as the company struggles to keep up with soaring demand. Novo has denied this, but when asked about this on Thursday Jorgensen said there may be shortages. The company expects to apply for regulatory approval for an expanded label indication in the U.S. and European Union later this year. "It'll take some time before we get it on label," Jorgensen said.

Persons: Lars Fruergaard Jorgensen, Thursday Jorgensen, Jim Vondruska, Jorgensen, " Jorgensen, Martin Lange, Nikolaj Skydsgaard, Jacob Gronholt, Josephine Mason, Jason Neely, Mark Potter Organizations: Novo Nordisk, COPENHAGEN, Reuters, REUTERS, Wegovy, Union, American Heart Association, Pedersen, Thomson Locations: Danish, Chicago , Illinois, U.S, Philadelphia, Copenhagen, London

COPENHAGEN, Aug 10 (Reuters) - Denmark's Orsted (ORSTED.CO), the world's No. 1 offshore wind farm developer, on Thursday reported second-quarter operating profit below expectations and confirmed its full-year guidance. Orsted kept its 2023 forecast for EBITDA excluding new partnerships unchanged at between 20 billion and 23 billion crowns. "However, compared to the guidance provided in our annual report for 2022, we now expect higher earnings in Offshore than initially announced," Chief Executive Mads Nipper said in a statement. ($1 = 6.7816 Danish crowns)Reporting by Jacob Gronholt-Pedersen, editing by Terje SolsvikOur Standards: The Thomson Reuters Trust Principles.

Persons: Orsted, Mads Nipper, Jacob Gronholt, Pedersen, Terje Solsvik Organizations: Thomson Locations: COPENHAGEN

☆ Novo Nordisk extends U.S. supply curbs on weight-loss drug Wegovy
▼ + stars: | 2023-08-10 | by ( Nikolaj Skydsgaard | ) www.reuters.com time to read: +3 min

The news came as the Danish drugmaker raised its full-year profit and sales forecasts for a second time. Wegovy is a weekly injection that can help patients to shed 15% of their weight alongside diet and exercise changes. Reuters has reported that larger doses are also in short supply, which Novo has denied. Many analysts had expected Novo to raise earnings guidance, given the huge U.S. demand for the weekly injection. The company also warned that it expected "continued periodic" supply constraints and drug shortages across a number of products and geographies.

Persons: Jacob Gronholt, Pedersen, Ozempic, Lars Fruergaard Jorgensen, Novo, " Jorgensen, Henrik Hallengreen Laustsen, Laustsen, Nikolaj Skydsgaard, Josephine Mason, Mark Potter Organizations: Novo Nordisk, REUTERS, Reuters, World Health Organization, Jyske Bank, Thomson Locations: Novo, Copenhagen, Denmark, U.S, COPENHAGEN, Danish

A selection of injector pens for the Wegovy weight loss drug are shown in this photo illustration in Chicago, Illinois, U.S., March 31, 2023. The increasingly popular Wegovy has transformed the weight-loss market since its U.S. launch in June 2021, capturing the attention of patients, investors and celebrities worldwide. Novo's news lifted shares in Europe's second-most valuable listed company after LVMH (LVMH.PA) by more than 17% to record highs. Novo said the eagerly-awaited study results, which have not been peer reviewed, showed that patients on Wegovy had a 20% lower incidence of heart attack, stroke or death from heart disease compared to those on a placebo. Lilly's shares rose nearly 15% in early U.S. trading, boosted by its upbeat quarterly results and Novo's trial data.

Persons: Jim Vondruska, Novo, Wegovy, Jeff Levin, Willis, Willis Towers Watson, Martin Holst Lange, Novo's, Eli Lilly, Mounjaro, Soren Lontoft Hansen, Maggie Fick, Nikolaj Skydsgaard, Jacob Gronholt, Ludwig Burger, Patrick Wingrove, Terje Solsvik, Josephine Mason, Sharon Singleton, Kirsten Donovan, Jan Harvey, Alexander Smith Organizations: REUTERS, COPENHAGEN, Novo Nordisk, Willis Towers, U.S, Union, Pfizer Inc, Amgen Inc, World Health Organization, Barclays, Reuters, Pedersen, Thomson Locations: Chicago , Illinois, U.S, LONDON, Europe's, Europe, United States, Novo, Wegovy, Germany, Denmark, Norway, Copenhagen, Frankfurt, New York, Oslo

Moller-Maersk (MAERSKb.CO) warned on Friday of a steeper decline in global demand for shipping containers by sea this year prompted by muted economic growth and customers reducing inventories. The company, one of the world's biggest container shippers with a market share of around 17%, said it expects container volumes to fall by as much as 4%. Maersk, one of the world's biggest container shippers with a market share of around 17%, transports goods for retailers and consumer companies such as Walmart, Nike and Unilever. Maersk posted record earnings last year due to high freight rates caused by high consumer demand and pandemic-related log jams at ports. But freight rates have tumbled this year amid a global economic slowdown.

Persons: Andrew Kelly, Moller, destocking, Vincent Clerc, Jacob Gronholt, Pedersen, Terje Solsvik, Jacqueline Wong Organizations: Maersk, REUTERS, Shipping, Walmart, Nike, Unilever, Thomson Locations: Copenhagen, Denmark, Europe, United States

At least ten copies of the Koran have been burned in Denmark over the past week. WHAT IS AT THE HEART OF THE ISSUE IN SWEDEN AND DENMARK? WHAT ARE SWEDEN AND DENMARK DOING NOW? Nevertheless, both Sweden and Denmark say they are examining ways to legally limit burnings to de-escalate tensions with Muslim nations. WHAT NEXT FOR THE LAW IN DENMARK AND SWEDEN?

Persons: Salwan Momika, Rasmus Paludan, Desecrating, Prophet Mohammad, Angel Gabriel, Tom Little, Susie Jessen, Tayyip Erdogan, Johan Ahlander, Johannes Birkebaek, Ahmed Rasheed, Gwladys Fouche, Andrew Heavens Organizations: WHO, Danish Patriots, NATO, REUTERS, Denmark Democrats, Reuters, Sweden's, Thomson Locations: COPENHAGEN, Denmark, Sweden, Iraq, Swedish, SWEDEN, DENMARK, Christiansborg Palace, Copenhagen, Tom Little Denmark, Baghdad, East, Stockholm

"It's all about containing those kinds of capabilities from the north," retired U.S. Major General Gordon B. Davis Jr. told Reuters. "With five submarines we can close the Baltic Sea," Linden told Reuters. The region from the Baltic in the south to the high north may become almost an integrated operating area for NATO. It was first shipped from Germany across the Baltic Sea, then trucked nearly 900 km to the north. "It would make it very difficult for the Russian Baltic Sea fleet to operate in a free way," he said.

Persons: Mika Hakkarainen, Finland –, Major General Gordon B, Davis Jr, Fredrik Linden, Sweden's, Linden, Samu Paukkunen, Paukkunen, Sebastian Bruns, Michael Maus, Kurt Rossi, Rossi, Tuomo Lamberg, Bruns, Nick Childs, Anne Kauranen, Johan Ahlander, Jacob Gronholt, Sabine Siebold, Sara Ledwith Organizations: NATO, Reuters, Fleet, Finnish Institute of International Affairs, Major, Analysts, Northern Fleet, Kiel University's Institute for Security, NATO's, Transformation, Field Artillery, U.S . Army, Baltic, Commission, Security, Cooperation, Naval Forces and Maritime Security, International Institute for Strategic Studies, Fouche, Pedersen, Thomson Locations: TORNIO, Finland, KARLSKRONA, Sweden, Norway, Russia, Stockholm, Ukraine, Moscow, Europe, RUSSIA, Russian, Murmansk, Kola, Barents, North America, Greenland, Iceland, Helsinki, Baltic, Nord, Russia's, Denmark, Kiel, Rovaniemi, Santa Claus, United States, Britain, Germany, –, St, Petersburg, Kaliningrad, Sweco, Swedish, Gotland, Karlskrona, Oeland, London, Birmingham, Tornio, Oslo, Copenhagen, Brussels

[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

☆ India, China, Brazil should be engaged in possible Ukraine peace summit -Danish foreign min
▼ + stars: | 2023-05-22 | by ( ) www.reuters.com time to read: +1 min

COPENHAGEN, May 22 (Reuters) - Denmark would like to host a summit in July about how to find peace between Ukraine and Russia, but such a meeting would require engagement from India, China and Brazil, Danish Foreign Minister Lars Lokke Rasmussen said Monday. A peace summit should not just be attended by Ukraine's allies. "It is necessary to build interest and involvement from countries like India, Brazil and China," Lokke Rasmussen said, adding that "it is hard for me to see" Russia participating in such a summit. "If Ukraine finds that the time has come to have such a meeting, that would be fantastic. And then Denmark would obviously like to host the meeting," he said.

The discord between Russia and the other Arctic Council members means that an effective response to these changes is far less likely. Recently, it has taken steps to expand cooperation in the Arctic with non-Arctic states. On April 24, Russia and China signed a memorandum establishing cooperation between the countries' coast guards in the Arctic. "We need to safeguard the Arctic Council as the most important international forum for Arctic cooperation and make sure it survives," Norwegian Deputy Foreign Minister Eivind Vad Petersson told Reuters. "I don't see an Arctic Council without Russia in the future," said Larsen, a Greenland lawmaker at the Danish Parliament and the Chair of Arctic Parliamentarians, a body including MPs from across the Arctic countries.

☆ Denmark's central bank raises key rate, following ECB hike
▼ + stars: | 2023-05-04 | by ( ) www.reuters.com time to read: +1 min

COPENHAGEN, May 4 (Reuters) - Denmark's central bank raised its key interest rate by 0.25 percentage points to 2.85% on Thursday, following a rate hike earlier in the day by the European Central Bank. "The interest rate increase is a consequence of the increase by the European Central Bank of its main monetary policy rate, the deposit facility rate, by 0.25 percentage point," the central bank said in a statement. The move was Denmark's seventh rate hike since July last year, closely tracking the ECB and other central banks across the globe that are tightening monetary policy to combat inflation. Denmark's benchmark current account interest rate and the certificate of deposit rate were each raised by 0.25 percentage points to 2.85% from 2.6%, while the so-called lending rate was raised by 0.25 percentage points to 3% from 2.75%. Reporting by Nikolaj Skydsgaard and Jacob Gronholt-Pedersen, editing by Mark HeinrichOur Standards: The Thomson Reuters Trust Principles.

☆ Russian navy vessels seen near Nord Stream before blasts - Nordic broadcasters report
▼ + stars: | 2023-05-03 | by ( ) www.reuters.com time to read: +2 min

The Russian navy ships were traced using satellite images and intercepted radio communication from the Russian fleet, the four broadcasters, Denmark's DR, Norway's NRK, Sweden's SVT and Finland's Yle, said. Authorities in Denmark, Sweden and Germany have said the explosions that ruptured the Nord Stream 1 and newly-built Nord Stream 2 gas pipelines that link Russia and Germany across the Baltic Sea were deliberate. The Kremlin on Tuesday denied Russian ships had any involvement in the sabotage and called for results of the investigations to be published. The Russian ships traced by the four broadcasters had all switched off their AIS signal, an automatic tracking system used on ship, they said. One of the ships in the area was Russian navy research vessel Sibiryakov, satellite images indicated.

SAS has lost almost 60% of its value since it filed for Chapter 11 bankruptcy protection last July, seeking to slash costs and debt after wage talks with pilots collapsed. Apollo will mainly work with aviation regulators in Sweden and Denmark to secure approval, the first source said. The move comes as the airline looks for large investors and seeks to raise equity as part of its Chapter 11 bankruptcy plan. Denmark's finance ministry told Reuters it was looking for one or more shareholders to take a majority stake in SAS. The company also became the largest shareholder in Mexican airline Aeromexico (GRPAF.PK) in 2020 following Chapter 11 bankruptcy proceedings.

☆ Object near Nord Stream 2 pipeline poses no safety risk - Denmark
▼ + stars: | 2023-03-29 | by ( ) www.reuters.com time to read: +1 min

COPENHAGEN, March 29 (Reuters) - An object found close to the Nord Stream 2 gas pipeline in the Baltic Sea appeared to be a maritime buoy and does not pose a safety risk, the Danish Energy Agency said on Wednesday. The object, which was retrieved on Tuesday by the Danish navy, was discovered during an inspection of the last remaining intact pipeline by Swiss-based operator Nord Stream 2 AG. The object does not pose a safety risk," the agency said in a statement. Last week, Denmark invited the Russian-controlled Nord Stream operator to assist in retrieving the object. A representative from Nord Stream 2 AG was present during the operation, which was carried out at a depth of 73 meters, the agency said.

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