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☆ European airline SAS tanks 95% after restructuring deal
▼ + stars: | 2023-10-04 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +1 min

Shares in Scandinavian airline SAS plunged by 95% as markets opened on Wednesday, after the company announced a restructuring deal late on Tuesday that will see it delisted from exchanges. Losses have since pared back, with shares last down by around 83% at 7:26 a.m. The Danish government is expected to own roughly 26% of SAS, whilst Danish investment firm Lind Invest will have a 8.6% stake, according to SAS. "All of SAS AB's common shares and listed commercial hybrid bonds are expected to be cancelled, redeemed and delisted," SAS said in a statement on Tuesday, adding that this process is expected to take place in the second quarter of 2024. The airline filed for bankruptcy protection in the U.S. in July 2022 amid mounting pressures from pilot strikes and low demand in the wake of the Covid-19 pandemic.

Persons: Castlelake, Lind Organizations: SAS, Air France, KLM Locations: U.S

Bangkok, Thailand CNN —A teen suspected of shooting two people dead at an upscale shopping mall in Thailand has been charged with six counts including premeditated murder, police told CNN Wednesday. The 14-year-old boy was arrested on Tuesday shortly after the shooting rampage at the busy Siam Paragon mall in central Bangkok’s bustling commercial and tourist district. Thai Police General Torsak Sukvimol told reporters Tuesday the suspect “surrendered himself” after the shooting and still had ammunition when he was apprehended. Staff repair the glass doors of a furniture store where a 14-year-old suspect was apprehended after a shooting rampage in Bangkok. And the shooting of Chinese victims in downtown Bangkok may make some tourists think twice about traveling to Thailand.

Persons: Thailand CNN —, Kanchana Patarachoke, General Nakarin Sukhonthawit, ” Nakarin, Nakarin, Lauren DeCicca, ”, Torsak Sukvimol, “, Thanamorn Noonart, Thanamorn, ” Thanamorn, Bangkok’s Pathum, “ it’s, Jack Taylor, Torsak, Lillian Suwanrumpha, Thailand ”, Srettha Thavisin, ” Srettha, Srettha Organizations: Thailand CNN, CNN, Siam Paragon, Ministry of Foreign Affairs, Police, ” Police, Thai Police, Rajavithi Hospital, Video, Thai, Getty, Staff, Tourism Authority of, Survey, SAS, Institute for Health Metrics, University of Washington’s Locations: Bangkok, Thailand, Siam, Myanmar, Laos, Pathum Wan, Nakhon Ratchasima, Bangkok’s, Bangkok’s Pathum Wan, Thai, AFP, China, Southeast Asia, Tourism Authority of Thailand, Cambodia, Weibo, Switzerland, Philippines, Nong Bua Lamphu

☆ Air France-KLM becoming a SAS shareholder will change dynamics amongst airlines, analyst says
▼ + stars: | 2023-10-04 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAir France-KLM becoming a SAS shareholder will change dynamics amongst airlines, analyst saysJacob Pedersen, head of equity research at Sydbank, discusses the restructuring deal of the Scandinavian airline SAS, which includes fellow airline company Air France-KLM becoming a new major shareholder.

Persons: Jacob Pedersen Organizations: Email Air France, KLM, SAS, Scandinavian, Air France

☆ Bangkok shooting: Attack in Thailand shopping mall kills at least one person
▼ + stars: | 2023-10-03 | by ( Kocha Olarn | ) edition.cnn.com time to read: +3 min

Bangkok, Thailand CNN —Police in Thailand arrested a 14-year-old boy, after a shooting at a luxury shopping mall in the capital Bangkok on Tuesday left at least one person and five others injured, the Metropolitan Police Bureau said. ET) at the Siam Paragon Mall in Bangkok, Police Colonel Noppadol Thiammekha, Pathum Wan Police Chief told CNN on Tuesday. Bangkok Emergency Center revised an earlier death toll, which stated that three people were killed in the shooting. Siam Paragon shopping mall is seen empty, after people were evacuated from the scene of the shooting. “We saw all the people run, run, run, we didn’t understand what was happening,” Yahav said.

Persons: Noppadol Thiammekha, Pathum, Yutthana Setthanan, Yutthana, Lillian Suwanrumpha, Jack Taylor, Shir Yahav, “, ” Yahav, ” Susinee, Srettha Thavisin Organizations: Thailand CNN — Police, Metropolitan Police Bureau, Local, Thailand’s, Investigation Bureau, Siam Paragon, Pathum Wan Police, CNN, Bangkok Emergency, Bangkok Emergency Center, Getty, People, Reuters, Survey, SAS, Institute for Health Metrics, University of Washington’s, Twitter Locations: Bangkok, Thailand, Siam, Chinese, AFP, Thai, Switzerland, Philippines, Southeast Asia, Nong Bua Lamphu

☆ 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

☆ Two groups, including Apollo, bidding for SAS airline -Aftenposten
▼ + stars: | 2023-09-29 | by ( ) www.reuters.com time to read: +1 min

[1/3] SAS Link's Embraer E195 aircraft lands at Kastrup Airport, as pilots of Scandinavian Airlines go on strike, in Kastrup, Denmark July 4, 2022. TT News Agency/Johan Nilsson via REUTERS/File Photo Acquire Licensing RightsOSLO, Sept 29 (Reuters) - Two groups of investors, including U.S. private equity group Apollo Global Management (APO.N), are bidding for Scandinavian airline SAS (SAS.ST), Norwegian daily Aftenposten reported on Friday, citing unnamed sources. It was not immediately clear who was leading the second group of investors, the newspaper added. Sources told Reuters in early May that Apollo hoped to take a majority stake in the Nordic airline. SAS had said that any bids in an equity fundraising would need to include the Danish state, which currently has a 22% stake.

Persons: Johan Nilsson, Apollo, Nerijus Adomaitis, Terje Solsvik, Nick Zieminski Organizations: SAS, Embraer, Scandinavian Airlines, TT News Agency, REUTERS, Rights, Apollo Global Management, Reuters, Nordic, Thomson Locations: Kastrup, Denmark, Rights OSLO, United States, Danish

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

☆ Airline SAS assesses final bids for its bail-out from bankruptcy
▼ + stars: | 2023-09-26 | by ( ) www.reuters.com time to read: +2 min

TT News Agency/Johan Nilsson via REUTERS/File Photo Acquire Licensing RightsSTOCKHOLM, Sept 26 (Reuters) - Scandinavian airline SAS (SAS.ST) said on Tuesday it was evaluating final bids in an equity fundraising that closed a day earlier, and which is part of an ongoing bankruptcy protection process. The Sweden-listed company, which has been under U.S. "chapter 11" bankruptcy protection since July 2022, has since June extended the deadline for final bids twice, at the request of bidders. "SAS will announce the winning bidder or bidders as soon as the evaluation process has been completed," it said in a statement. The long-struggling carrier reported earlier a net loss of 4.41 billion Swedish crowns ($398 million) for the November through August period. SAS originally aimed to complete its restructuring by July, but the target has slipped to the end of the year.

Persons: Johan Nilsson, Anna Ringstrom, Essi Lehto Organizations: SAS Airbus, Kastrup, Scandinavian Airlines, TT News Agency, REUTERS, Rights, Scandinavian, SAS, Sweden, Reuters, Apollo Global Management Inc, Thomson Locations: Kastrup, Denmark, Rights STOCKHOLM, Sweden

Paris CNN —It’s 6.30 a.m. on a late summer morning in Paris. “We heard they were coming to take us today but I am not sure where to,” Obsa, a 31-year-old political refugee from Ethiopia, told CNN. Obsa was relying on emergency housing in a hotel but says it kicked him out after his wife joined him. Some 10 regional temporary shelters, known as SAS, have been set up around the country to welcome the new arrivals outside of Paris, according to the Dihal. The other problem is the lack of emergency housing spaces available in the regions where migrants are being transferred to.

Persons: they’ll, “, ”, Obsa, Dalal Mawad, CNN Obsa, Paul Alauzy, “ Marseille, Claudia Colliva, Yann Manzi, Gerald Darmanin, Emmanuel Macron, Harmonie Lecerf, Meunier, Brice, Meunier of Bordeaux, Sandrine Runel, ” Brice, Abdullatif Organizations: Paris CNN —, CNN, Du, Federation of Solidarity Actors, BFMTV, Paris Prefecture, Ministry of Housing, Paris, Staff, ” Police, Interministerial, of Interior, SAS, Olympic, Utopia, Games, Rugby World, ”, Medecins Du Monde Locations: Paris, Stalingrad, France, Ethiopia, Sudan, Libya, Italy, de, Bordeaux, ”, Marseille, French, “, ” Bordeaux, Lyon, Afghanistan

The report highlights the numerous human rights violations that have occurred as a result of mining activity. The mine is operated by Compagnie Minière de Musonoie Global SAS, or COMMUS, a joint venture between Chinese company Zijin Mining and the state-owned Gecamines mining company. Often there was no grievance mechanism, accountability, or access to justice.”Amnesty International says companies are not doing enough to address human rights concerns and are disregarding international human rights laws and standards, as well as national legislation and U.N. Guiding Principles on Business and Human Rights. Decarbonizing the global economy must not lead to further human rights violations,” it said.

Persons: “ Ernest Miji, Chemaf, COMMUS, Donat Kambola Organizations: Amnesty International, U.S . House, Good, Human, Resources, Residents, Coalition, Rights, Amnesty, Compagnie Minière de, Global SAS, Mining, AP Locations: ABUJA, Nigeria, Congo, U.S, Kolwezi, Lualaba Province, Lualaba, Dubai, Cité

☆ Airline SAS extends deadline for equity fundraising
▼ + stars: | 2023-09-11 | by ( ) www.reuters.com time to read: +2 min

TT News Agency/Johan Nilsson via REUTERS/File Photo Acquire Licensing RightsSept 11 (Reuters) - Scandinavian airline SAS (SAS.ST), battling to emerge from bankruptcy protection, said on Monday it was extending the deadline for final bids for its equity fundraising by a week to Sept. 25 at the request of bidders. SAS said in May the U.S. court had approved a revised plan to raise equity. Denmark has said it is willing to increase its stake in SAS to around 30% from around 22%, if others investors were to take a majority stake. Reuters reported in May that U.S. asset manager Apollo Global Management Inc (APO.N) planned to apply for approval from Swedish and Danish regulators to take a majority stake in SAS as part its rescue plan. Earlier this month, SAS, which has been under bankruptcy protection since July 2022, posted its first quarterly pretax profit since late 2019.

Persons: Johan Nilsson, Jacob Pedersen, Pedersen, Urvi Dugar, Gokul, David Evans, Mark Potter, Susan Fenton Organizations: SAS Airbus, Kastrup, Scandinavian Airlines, TT News Agency, REUTERS, Scandinavian, SAS, Reuters, Apollo Global Management Inc, Marie Mannes, Thomson Locations: Kastrup, Denmark, Sweden, Bengaluru, Stockholm

☆ In a US showdown with China, there are some missions with no special-operations 'easy button'
▼ + stars: | 2023-09-11 | by ( Stavros Atlamazoglou | ) www.businessinsider.com time to read: +8 min

Special-operations forces have been a centerpiece of US military operations for two decades. US leaders should remember that special operators aren't suited for some tasks, one expert says. But in an era of strategic competition with China, there are some missions with no special-ops "easy button," according to David Ucko, a professor and expert on irregular warfare. First, the US special-operations community should consolidate its core strengths, particularly irregular warfare, which is "highly relevant" to strategic competition with China. US Navy SEALs train with Philippine Navy special-operations and Australian army special-operations troops in Palawan in April 2022.

Persons: David Ucko, David Devich, Ucko, US Army John F, Mario A, Ramirez, Jared N, Stavros Atlamazoglou Organizations: Service, US Special Forces, US Army, Royal United Services Institute, China, Air Force, RAF Mildenhall, US Air Force, Tech, Westin Warburton, Kennedy Special Warfare Center and School, State, Justice, Treasury, US Navy, Philippine Navy, US Marine Corps, Army Green Beret, Philippine National Police, Coast Guard, British SAS, Commonwealth, Group, SAS, Allies, Army Delta Force, Delta Force, US Army Rangers, US Army Green Berets, Psychological Operations, Boat Service, Hellenic Army, 575th Marine Battalion, Army, Johns Hopkins University, Johns Hopkins, School, International Locations: China, Wall, Silicon, SOF, Afghanistan's Ghazni, British, Russia, North Carolina, Palawan, Ukraine, Taiwan, North Africa, Iraq, Afghanistan, Johns

☆ UK's Instem shares pop on $257 mln take-private deal from French firm
▼ + stars: | 2023-08-30 | by ( ) www.reuters.com time to read: +1 min

Aug 30 (Reuters) - Shares in Instem Plc (INS.L) soared over 39% on Wednesday after the British life sciences software company agreed to a take-private deal with French private equity firm Archimed SAS for 203 million pounds ($256.5 million). Under the terms of the deal with Ichor Management, a company controlled by Archimed, each Instem shareholder will get 833 pence in cash, representing a premium of 41% to the stock's last close. The offer, which Instem's board recommended shareholders accept, caps multiple rejected proposals from Archimed since March. Healthcare-focused investment firm Archimed has more than 8 billion euros of assets under management and investments in 32 healthcare companies. ($1 = 0.7916 pounds)Reporting by Prerna Bedi in Bengaluru; Editing by Sonia Cheema and Eileen SorengOur Standards: The Thomson Reuters Trust Principles.

Persons: Archimed, Prerna Bedi, Sonia Cheema, Eileen Soreng Organizations: Instem Plc, SAS, Ichor Management, Archimed, Healthcare, Thomson Locations: London, Archimed, Staffordshire, Bengaluru

☆ How A.I. can help create jobs for humans, not just automate them
▼ + stars: | 2023-08-10 | by ( Rachel Curry | ) www.cnbc.com time to read: +5 min

In this article UPWK Follow your favorite stocks CREATE FREE ACCOUNTMemorystockphoto | Istock | Getty ImagesFor organizations creating a long-term strategy around generative artificial intelligence, the technology has the capacity to create jobs for humans, not just automate them. Then there are even more nuanced roles, such as AI ethicists (whose job is, essentially, to maintain a responsible AI framework). Not only are there more types of jobs as a result of the generative AI boom, but companies are actually hiring more because of the generative AI surge. That's why experts say upskilling existing employees is essential to any organization's AI integration. AI is fast — business consulting firm Accenture's report on so-called "AI maturity" predicts that AI transformation will occur 13% faster than overall digital transformation through 2024.

Persons: Margaret Lilani, upskilling, Ger Doyle, Doyle, " Doyle, Lilani, onboarding, it's Organizations: Istock, AI, Hire, SAS, Talent Survey

☆ Australia war hero appeals court ruling of complicity in Afghan murders
▼ + stars: | 2023-07-11 | by ( Byron Kaye | ) www.reuters.com time to read: +1 min

But a Federal Court judge ruled on June 1 that the newspapers had proven most of their allegations. read moreRoberts-Smith filed an appeal on July 11, the court said in a website post, without providing any further details. "We believe the Federal Court's judgment is comprehensive and categorical," Chessell said in a statement." "It's a terrible outcome and it's the incorrect outcome," he was quoted telling Nine's television arm. "We will look at (the judgement) and consider whether or not we need to file an appeal," he said at the time.

Persons: Ben Roberts, Smith, Roberts, James Chessell, Chessell, Byron Kaye, Robert Birsel Organizations: SYDNEY, SAS, Victoria Cross, Nine Entertainment, Reuters, Thomson Locations: Afghanistan

☆ Wrexham's Hollywood owners join group buying into Alpine F1
▼ + stars: | 2023-06-26 | by ( Alan Baldwin | ) www.reuters.com time to read: +3 min

LONDON, June 26 (Reuters) - Hollywood actors Ryan Reynolds and Rob McElhenney are joining Otro Capital and RedBird Capital Partners in an investor group taking a 24% equity stake in Alpine Racing, the Formula One team's parent company Renault announced on Monday. The 200 million euro ($218.10 million) deal values British-based Alpine Racing at around $900 million following the investment. Alec Scheiner, the co-founder and partner of Otro Capital, will join Alpine Racing's board of directors. Renault said Alpine Racing SAS, the French entity that makes the team's power units in Viry-Châtillon, will remain entirely owned by the carmaker. "Otro Capital, RedBird Capital Partners and Maximum Effort Investments, as international players with strong track record in the sports industry, will bring their recognised expertise to boost our media and marketing strategy, essential to support our sporting performance over the long term.

Persons: Ryan Reynolds, Rob McElhenney, Alec Scheiner, Reynolds, Michael B, Jordan, McElhenney, Renault, Huntsman, Goldman Sachs, Gerry Cardinale, RedBird, Laurent Rossi, Alan Baldwin, Peter Rutherford Organizations: Otro Capital, RedBird Capital Partners, Alpine Racing, Renault, Otro, Alpine, McElhenney, Wrexham, Welsh soccer, English Football League, Main Street Advisors, Fenway Sports Group, Premier League, Liverpool, Boston Red Sox baseball, Toulouse, AC Milan, New York Yankees, Formula, Benetton, Alpine Racing SAS, Thomson Locations: Alpine, Philadelphia, Wrexham, North America, Enstone, England, Viry

☆ Travel experiences you can only enjoy while you’re young
▼ + stars: | 2023-06-21 | by ( Francesca Street | ) edition.cnn.com time to read: +11 min

But if you’re still in your teens or 20s, it’s worth knowing about some of the amazing discounts, experiences and adventures only available to those under 30. From discount air fares to working vacation visas, we’ve rounded up some of the best travel experiences to enjoy while you’re young. “It’s 100% worth using the pass whilst you can get the youth discount,” Landon tells CNN Travel. Thurman absentmindedly Googled working working holiday visas, and to her surprise, realized the scheme “was so straightforward to apply for.”“I realized that the only barrier was me and my decision whether or not to apply,” Thurman recalls. If you’re not enrolled in college but you’re still under 30, the International Youth Travel Card could be an alternative.

Persons: CNN —, you’re, There’s, Kofi Landon, Kofi Landon Kofi Landon, Landon, he’d, Landon reckons, ” Landon, “, ”, Tammy Thurman, don’t, –, jetted, Thurman enviously, Thurman absentmindedly, ” “, ” Thurman, Thurman, it’s, she’s, who’s, you’ve, doesn’t, Markus Mainka, Gideon Hagström Lung, He’s, Hagström Lung, Lung Organizations: CNN, EU, Travelers, CNN Travel, Canada, Walt Disney World, Cathay Pacific, Eiffel, SAS, Emirates, Scandinavian Airlines Locations: Europe, Paris, Berlin, Venice, there’s, Prague, Czech Republic, Manchester, Lake Bled, Slovenia, Australia, Tasmania, South Korea, Portugal, Iceland, Canada, France, Ireland, Sydney, London, Melbourne, Emirates, Florence’s Uffizi, Helsinki, Finland, New York City, New York, Stockholm, Copenhagen

☆ Half a Year After the COP Agreement on Nature, Companies Are Increasingly Looking at Their Biodiversity Impact
▼ + stars: | 2023-06-21 | by ( Joshua Kirby | ) www.wsj.com time to read: +8 min

While mandatory reporting on nature may still be a long way off, for some companies, measuring their impact on nature makes good business sense. “Not enough companies are actually measuring their corporate biodiversity impact,” said Steve Kennedy, associate professor in business sustainability at the Rotterdam School of Management. Biodiversity impact, on the other hand, remains a more nebulous concept, with widespread uncertainty about what to measure and how to measure it. While biodiversity impact remains difficult to assess, more complete data can help, said Zoe Balmforth, co-founder of biodiversity-data startup Pivotal. And companies will soon have a final framework on which to base their voluntary biodiversity reporting.

Persons: Jennifer Motles, Philip Morris, Motles, Katie Critchlow, Rémy Cointreau, Eric Vallat, LVMH Moët Hennessy Louis Vuitton, ”, Steve Kennedy, Kennedy, “ It’s, “, ” Philip Morris International’s, Nicolo Filippo Rosso, Zoe Balmforth, Balmforth, Cameron Frayling, Frayling, U.N, JULIAN HABER, Kering, PMI’s Motles, Joshua Kirby Organizations: Philip Morris International, Data, Sustainable Business, Fund, Nature, PMI, Rotterdam School of Management . Companies, SAS, Bloomberg, World Bank, REUTERS Governments, United Nations ’, pharma, GSK, Gucci Locations: Montreal, American, of Mexico, Lake Erie, Colombia, Kunming, Canada, joshua.kirby

☆ The world’s most eco-conscious airlines
▼ + stars: | 2023-06-16 | by ( Elissa Garay | ) edition.cnn.com time to read: +12 min

CNN —Most sustainability experts will scoff at the idea of “sustainable” and “airlines” in the same sentence. In 2022, an Airbus wide-body Beluga XL transport aircraft was filled with Sustainable Aviation Fuel" (SAF) for the first time. WiderøeNorway-based Widerøe, the largest regional airline in Scandinavia, says it is on track to become one of the world’s first fully emissions-free airlines. Alaska AirlinesAlaska Airlines has invested heavily in Sustainable Aviation Fuels (SAF). AaronP/Bauer-Griffin/GC Images/Getty ImagesWhile most major global airlines are targeting 2050 for net-zero carbon emissions, Alaska Airlines intends to meet that target as soon as 2040.

Persons: ”, Pedro Piris, Sola Zheng, Sina Schuldt, Nicolas Jammes, ” Akbar Al Baker, “, Zheng, –, that’s, it’s, Beata Zawrzel, Fabrizio Gandolfo, Nicolas Economou, Bauer, Griffin, It’s Organizations: CNN, Environmental Defense Fund, International Council, Clean Transportation, Commercial, International Air Transport Association, UN, Airbus, Beluga XL, Sustainable Aviation, Qatar Airways, SAF, European Union, Google, Environmental Defense, Airlines, United Airlines United, Aerospace, United, Flight Fund, Widerøe Norway, Widerøe, Royce, SAS SAS, Scandinavian, SAS, Wizz, Wizz Air, Etihad Airways Etihad, Getty, Etihad Airways, United Arab Emirates, Boeing, Etihad, Alaska Airlines Alaska Airlines, Aviation Fuels, AaronP, Alaska Airlines, Air Canada Canadian, Air Canada Locations: Europe, Denmark, Sweden, ICCT, Scandinavia, Norway, Canada

☆ Exclusive: Mondelez 'singled out' in boycott over Russia business, exec says
▼ + stars: | 2023-06-16 | by ( ) www.reuters.com time to read: +6 min

"If you look in most kitchen cupboards, you will see many products from food and beverage companies that have not exited Russia." Mondelez rivals in chocolate including Nestle (NESN.S) still operate in Russia as do many other consumer products companies. Reuters GraphicsShipments of all Mondelez products to Russia jumped to 45 million kilograms from 28.7 million kilograms in the same time periods, according to the data. Mondelez also said Thursday it was continuing to reduce its activities in Russia and expects further volume and sales declines. Jan Kæraa Rasmussen, head of environmental, social and governance (ESG) and sustainability at Mondelez investor PensionDanmark, said the Danish pension fund considers the "downscaling of their business in Russia a progression.

Persons: Vinzenz Gruber, Gruber, Mondelez, Mondelez's, Nestle, Nestle didn't, Jan Kæraa Rasmussen, PensionDanmark, Rasmussen, Jessica DiNapoli, Maurice Tamman, Terje Solsvik, Anna Driver Organizations: YORK, Reuters, Mondelez, SAS, Ukraine's National Agency for, Facebook, Russian Embassy, Nestle, confectionary, U.S . Securities, Exchange Commission, SEC, Thomson Locations: Europe, Russia, Nordics, Sweden, Norway, Nordic, Ukraine, Russian, Washington ,, Danish, New York

☆ 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

☆ Former Australian SAS veteran loses defamation case over reports of Afghan execution
▼ + stars: | 2023-06-01 | by ( Byron Kaye | ) www.reuters.com time to read: +4 min

The ruling marks a win for media outlets seeking greater accountability for Australia's military, typically bound by confidentiality. A 2020 report found credible evidence that members of Australia's Special Air Service Regiment (SAS) killed dozens of unarmed prisoners in the lengthy Afghan war. Roberts-Smith sued the papers for portraying him as someone who "broke the moral and legal rules of military engagement". The papers had reported that Roberts-Smith pressured a lower-ranking Australian soldier to execute an elderly, unarmed Afghan to "blood the rookie", said Judge Besanko, adding they proved that account true. "This case is an important reminder that we need courageous public interest journalism to help us get there."

Persons: Ben Roberts, Smith, Anthony Besanko, Roberts, Judge Besanko, James Chessell, Chessell, Arthur Moses, Besanko, inadvertentely, Fiona Nelson, Byron Kaye, Shri Navaratnam, Michael Perry Organizations: SYDNEY, SAS, Australia's Special Air Service Regiment, China, Victoria Cross, Australian, Sydney Morning Herald, Canberra Times, Nine Entertainment Co, Australian Centre for International, Thomson Locations: Sydney, Afghanistan, Afghan, Australian, Australia

☆ Australia's most decorated soldier loses multiple defamation claims against media who alleged war crimes
▼ + stars: | 2023-06-01 | by ( Hilary Whiteman | ) edition.cnn.com time to read: +7 min

In some cases, he found the papers established contextual truth, which is also a defense under Australia’s Defamation Act. “Today is a day of some small justice for the Afghan victims of Ben Roberts-Smith,” said McKenzie. Ali Jan was a husband … He was kicked off a cliff by Ben Roberts-Smith, and he was murdered with Ben Roberts-Smith’s participation. Claims of violent acts committed by elite troops were echoed in the Brereton Report, a four-year investigation into the alleged war crimes in Afghanistan released in November 2020. The responsibility for these atrocities does not end with Ben Roberts-Smith,” he said.

Persons: Australia CNN —, solider, –, Anthony Besanko, Besanko, Ben Roberts, Smith, Roberts, ”, James Chessell, newsrooms, ” Chessell, Peter Bartlett, MinterEllison, “, Nick McKenzie, Chris Masters, McKenzie, “ Ali Jan, Ali Jan, …, ” Besanko, Angus Campbell, Campbell “, unreservedly ”, It’s Organizations: Australia CNN, Federal Court, Sydney Morning Herald, Canberra Times, Australia’s, Cross, SAS, Nine, CNN, Australian, Australian Defence Force Locations: Brisbane, Australia, Afghanistan, Bali , Indonesia, Sydney, “

☆ World’s best airline for 2023 named by AirlineRatings.com
▼ + stars: | 2023-05-30 | by ( Francesca Street | ) edition.cnn.com time to read: +3 min

Marcos del Mazo/LightRocket/Getty ImagesAfter a couple of years of reduced air travel in the wake of the pandemic, travelers returned to the air in 2022 to significant airline chaos – canceled flights, lost luggage and overstretched staff. And interestingly, while Air New Zealand came out on top for 2023, Thomas said the results were close among the top five. Singapore Airlines took the fifth spot on AirlineRatings.com's 2023 list and also won the Best First Class award. Johannes P. Christo/Anadolu Agency/Getty ImagesAbu Dhabi’s Etihad Airways is number 3 on AirlineRatings.com’s 2023 list. Singapore Airlines, named top in the Best First Class award and the Excellence in Long Haul Travel - Southeast Asia award, took fifth place overall.

Persons: AirlineRatings.com, –, ” Geoffrey Thomas, ” AirlineRatings.com, Marcos del Mazo, Thomas, Johannes P Organizations: CNN, Air, Zealand, CNN Travel, Zealand’s, Qatar Airways, Air New Zealand, Business, Catering, Long, Singapore Airlines, Christo, Anadolu Agency, Abu Dhabi’s Etihad Airways, Korean, North, ” Air, New, Civil Aviation Authority, Auckland International Airport, Etihad Airways, Qantas, Virgin, Cathay Pacific Airways, Emirates, Lufthansa, SAS, TAP, All Nippon Airways, Delta Air, Air Canada, British Airways, Jet, JAL, Vietnam Airlines, Turkish Airlines, KLM, . Alaska Airlines, United Airlines Locations: Australia, North Asia, Asia, Zealand, Auckland, AirlineRatings.com’s, Virgin Australia, Swiss, TAP Portugal

CNN —As the Colombian military frantically searches for four children missing after a jungle plane crash over two weeks ago, new details are emerging about the plane’s history – and local concerns over the safety of air travel in that part of the Amazon. Colombian Military Forces/ReutersIndigenous activists who mourned the deaths in a statement earlier this week said the crash was no surprise, accusing airline companies operating in the Amazon of chasing profits and the Colombian government of failing to uphold safety standards. Speaking to CNN, OPIAC president Julio Cesar Lopez pointed out that the ill-fated plane had previously crashed in the same region, on July 25, 2021. The report states that the plane was built in 1982 and, prior to the 2021 crash, had accumulated over 10 thousand flight hours. Relatives say the children knew the jungle well, and are holding out hope that they will be found alive.

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