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☆ 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

☆ Simone Biles going for team gold at World Artistic Gymnastics Championships
▼ + stars: | 2023-10-04 | by ( Ben Church | ) edition.cnn.com time to read: +9 min

Smiley N. Pool/Houston Chronicle/Getty Images Biles competes on the balance beam during the US National Gymnastics Championships in August 2013. Tim Clayton/Corbis/Getty Images Biles poses after winning a gold medal at the 2013 World Championships. Dean Mouhtaropoulos/Getty Images Biles dodges a bee flying near her during the medal ceremony at the 2014 World Championships. Daniel Dunn/Icon Sportswire via Getty Images Biles competes on the uneven bars during the 2018 World Championships. And by competing in Antwerp, Biles became the first woman to represent the US at six artistic world championships.

Persons: CNN — Simone Biles, –, Simone Biles, Laurence Griffiths, Ron, Biles, Smiley, Tim Clayton, Corbis, Dean Mouhtaropoulos, Lintao Zhang, Nellie, Adria, Leslye Davis, Gabby Douglas, Douglas, Donald Miralle, Ezra Shaw, Damir Sagolj, Reuters Biles, Kai Pfaffenbach, Laurie Hernandez, Madison Kocian, Aly Raisman, David Ramos, Emmanuel Dunand, Jimmy Fallon, Donald Glover, Andrew Lipovsky, Michael Phelps, Raisman, Olivia Munn, Trae Patton, Michelle Obama, Barack Obama, Alex Wong, Bob Levey, Sasha Farber, Eric McCandless, Daniel Dunn, Ulrik Pedersen, NurPhoto, Lionel Bonaventure, Emilee Chinn, Natacha, Cecile Canqueteau, Landi, Shannon Miller, Robert Gauthier, McKayla Maroney, Maggie Nichols, Larry Nassar, Saul Loeb, Joe Biden, Biden, James Corden, Pete Buttigieg, Terence Patrick, Stacy Revere, Skye Blakey, Shilese Jones, Joscelyn Roberson, Leanne Wong, Matthias Hangst Organizations: CNN, Biles, Houston Chronicle, The New York Times, US, Getty, Reuters, NBC, White House, Disney, Entertainment, Walt Disney Television, Houston Texans, GK, Tokyo, Los Angeles Times, USA Gymnastics, CBS, BBC Locations: Antwerp, Belgium, Houston, Spring , Texas, Rio de Janeiro, AFP, Tokyo, American, Biles

☆ 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

☆ Greenland women ask Denmark for compensation over involuntary birth control
▼ + stars: | 2023-10-02 | by ( Johannes Birkebaek | ) www.reuters.com time to read: +2 min

Liselotte Sabroe/Ritzau... Acquire Licensing Rights Read moreCOPENHAGEN, Oct 2 (Reuters) - A group of women in Greenland are seeking compensation from Denmark over an involuntary birth control campaign launched in the 1960s, their lawyer said on Monday. "What do we need it for when we clearly know that there have been violations of the law and human rights," Naja Lyberth, one of the women seeking compensation, told Reuters. The women are seeking 300,000 Danish crowns ($42,380) each, the women's lawyer Mads Pramming told Reuters. Greenland was a Danish colony until 1953 but is now a semi-sovereign territory of Denmark, with a population of just 57,000. Last year, Denmark publicly apologised to the victims of a 1950s experiment in which children from Greenland were taken to Denmark.

Persons: Mette Frederiksen, Liselotte, Naja Lyberth, Mads Pramming, Mette Frederiksen's, Johannes Birkebaek, Jacob Gronholt, Pedersen, Alison Williams Organizations: Danish, National Museum, Reuters, DR, Thomson Locations: Denmark, Copenhagen, COPENHAGEN, Greenland, Danish

☆ Greenland Women Ask Denmark for Compensation Over Involuntary Birth Control
▼ + stars: | 2023-10-02 | by ( Oct. | At P.M. | ) www.usnews.com time to read: +2 min

By Johannes BirkebaekCOPENHAGEN (Reuters) - A group of women in Greenland are seeking compensation from Denmark over an involuntary birth control campaign launched in the 1960s, their lawyer said on Monday. "What do we need it for when we clearly know that there have been violations of the law and human rights," Naja Lyberth, one of the women seeking compensation, told Reuters. The women are seeking 300,000 Danish crowns ($42,380) each, the women's lawyer Mads Pramming told Reuters. Greenland was a Danish colony until 1953 but is now a semi-sovereign territory of Denmark, with a population of just 57,000. Last year, Denmark publicly apologised to the victims of a 1950s experiment in which children from Greenland were taken to Denmark.

Persons: Johannes Birkebaek COPENHAGEN, Naja Lyberth, Mads Pramming, Mette Frederiksen's, Johannes Birkebaek, Jacob Gronholt, Pedersen, Alison Williams Organizations: Reuters, DR Locations: Greenland, Denmark, Danish

☆ 2023 World Artistic Gymnastics Championships: Simone Biles goes for more medals
▼ + stars: | 2023-09-30 | by ( Ben Morse | ) edition.cnn.com time to read: +12 min

The 26-year-old has another opportunity to add to her medal collection over the next week at the 2023 World Artistic Gymnastics Championships in Antwerp, Belgium. Smiley N. Pool/Houston Chronicle/Getty Images Biles competes on the balance beam during the US National Gymnastics Championships in August 2013. Dean Mouhtaropoulos/Getty Images Biles dodges a bee flying near her during the medal ceremony at the 2014 World Championships. I’m just going to come back another day, another day.’”In qualifying for the world championships, she became the only US woman to qualify for six world championships, her first being in 2013 – an event that was also held in Antwerp. Biles is already the most decorated gymnast in US history, winning 32 medals across the Olympics and the world championships.

Persons: Simone Biles, Biles, Laurence Griffiths, Ron, Smiley, Tim Clayton, Corbis, Dean Mouhtaropoulos, Lintao Zhang, Nellie, Adria, Leslye Davis, Gabby Douglas, Douglas, Donald Miralle, Ezra Shaw, Damir Sagolj, Reuters Biles, Kai Pfaffenbach, Laurie Hernandez, Madison Kocian, Aly Raisman, David Ramos, Emmanuel Dunand, Jimmy Fallon, Donald Glover, Andrew Lipovsky, Michael Phelps, Raisman, Olivia Munn, Trae Patton, Michelle Obama, Barack Obama, Alex Wong, Bob Levey, Sasha Farber, Eric McCandless, Daniel Dunn, Ulrik Pedersen, NurPhoto, Lionel Bonaventure, Emilee Chinn, Natacha, Cecile Canqueteau, Landi, Shannon Miller, Robert Gauthier, McKayla Maroney, Maggie Nichols, Larry Nassar, Saul Loeb, Joe Biden, Biden, James Corden, Pete Buttigieg, Terence Patrick, Stacy Revere, I’m, ” Biles, Olympics.com, “, ’, Yves Logghe Organizations: CNN, Tokyo, NBC, BBC, Houston Chronicle, The New York Times, US, Getty, Reuters, White House, Disney, Entertainment, Walt Disney Television, Houston Texans, GK, Los Angeles Times, USA Gymnastics, CBS, Tokyo Olympics, AP, Games, Olympic Committees Locations: Antwerp, Belgium, Paris, Houston, Spring , Texas, Rio de Janeiro, AFP, Tokyo, American, Biles, San Jose , California, China, Japan, Great Britain, Canada

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

☆ Solheim Cup: Europe retains title after stunning comeback against USA
▼ + stars: | 2023-09-24 | by ( Jack Bantock | ) edition.cnn.com time to read: +2 min

CNN —Team Europe retained the Solheim Cup on Sunday, staging a remarkable late fightback to tie 14-14 with Team USA at Finca Cortesin Golf Club in Andalucia, Spain. For European captain Suzann Pettersen, who made nine playing appearances at the Solheim Cup, it pens another happy chapter in the her glittering story at the tournament. It came down to Carlota [Ciganda], in Spain, in her own hands,” Pettersen told Sky Sports. “I have many feelings right, I’m so happy just to do this for Suzann, for Spain,” Ciganda said. The 2024 Solheim Cup sees a return to even-numbered years at Robert Trent Golf Club in Virginia, a scheduling change made to avoid clashes with the Ryder Cup, which tees off in Rome on Friday.

Persons: Carlota Ciganda, Nelly Korda, Lexi Thompson, Emily Pedersen, Suzann Pettersen, Ciganda, ” Pettersen, John Walton, King Felipe VI, “, ” Ciganda, ‘ I’m, Stacy Lewis, Bernat Organizations: CNN — Team Europe, Solheim, USA, Sky Sports, Robert Trent Golf Club, Ryder Locations: Andalucia, Spain, Carlota, Virginia, Rome

Stark’s putt on the 17th put Europe ahead, then Grant clinched the win by sinking hers on the 18th. Stark and Grant, good friends off the course as well, had made their Solheim Cup debuts with a loss in the opening foursomes on Friday. The Europeans rallied in the fourball matches in the afternoon to cut the lead to 5-3 going into the weekend. France's Boutier, the top-ranked European who was playing some of the best golf ahead of the Solheim Cup, remains winless. “We got a few down going into the back nine and just stayed positive.”Spain is hosting the Solheim Cup for the first time, 26 years after it hosted the men’s Ryder Cup at Valderrama.

Persons: Maja Stark, Linn Grant, Stark, Grant, Danielle Kang, Andrea Lee, Carlota Ciganda, Emily Pedersen, Jennifer Kupcho, Lilia Vu, ”, Pedersen, Nelly Korda, Allisen Corpuz, Celine Boutier, Korda, France's Boutier, Lexi Thompson, Megan Khang, Leona Maguire, Anna Nordqvist, Nordqvist, “, ” Thompson, Ryder Organizations: —, Solheim, U.S, Denmark, Finca, Women's, Georgia, Valderrama Locations: Spain, Europe, United States, U.S, Rome

CASARES, Spain (AP) — The United States enjoyed its best-ever start to a Solheim Cup, sweeping the favored European team in all of the foursomes matches in the opening session to take a 4-0 lead in Spain on Friday. The U.S. trailed briefly in only two of the matches at Finca Cortesin in southern Spain. Thompson and Khang, who together have nine Solheim Cup appearances, took an early 3-up lead through three holes. Maguire had won four matches in her Solheim Cup debut two years ago,The teams will be back in the afternoon for the fourball matches, when each player will hit their own ball. The Americans arrived with a young team that included five rookies, though many who have won important tournaments recently.

Persons: Ally Ewing, Cheyenne Knight, Charley Hull, Emily Pedersen, Ewing, Knight, Lexi Thompson, Megan Khang, Maja Stark, Linn Grant, Thompson, Khang, Andrea Lee, Danielle Kang, Celine Boutier, Allisen Corpuz, Nelly Korda, Leona Maguire, Anna Nordqvist, Maguire, María Olazábal, Ryder, ___ Organizations: United States, Solheim, European, U.S, Finca, Cheyenne, Americans, Georgia Hall . U.S, Women’s, ”, Valderrama Locations: Spain, Europe, Wales, U.S, Georgia, ” Spain

☆ Solheim Cup: Emily Pedersen hits incredible hole-in-one, but Team USA leads Team Europe after Day One
▼ + stars: | 2023-09-22 | by ( Matias Grez | ) edition.cnn.com time to read: +2 min

CNN —Emily Pedersen made a stunning hole-in-one for Team Europe on a thrilling opening day of the Solheim Cup, but it wasn’t enough to prevent Team USA taking a 5-3 lead going into day two. Emily Pedersen produced the shot of the day. Angel Martinez/Getty ImagesThere was some late drama on the 18th as Leona Maguire produced a delightful chip-in to snatch a point for Team Europe alongside Georgia Hall, beating the American pairing of Lexi Thompson and Lilia Vu. Angel Martinez/Getty ImagesBut on a day that certainly wasn’t lacking in spectacular shots, it was Pedersen’s hole-in-one – only the second in Solheim Cup history – that became the standout moment. That shot and the rest of the afternoon fourballs were just the tonic Team Europe needed after a difficult morning.

Persons: Emily Pedersen, Maja Stark, Allisen Corpuz, Jennifer Kupcho, Angel Martinez, Leona Maguire, Lexi Thompson, Lilia Vu, ” Maguire, we’ll Organizations: CNN, Team Europe, Solheim, Team USA, USA, Georgia Hall, Sky Sports, ” Locations: Europe, Málaga, Spain, Georgia

☆ 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

☆ 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

☆ Norway's Labour loses regional vote after a century on top
▼ + stars: | 2023-09-11 | by ( ) www.reuters.com time to read: +1 min

[1/3] Norwegian Prime Minister Jonas Gahr Store receives the election day forecasts at the Labor Party's election vigil during the municipal election 2023, in Oslo, Norway September 11, 2023. Terje Pedersen/NTB/via REUTERS Acquire Licensing RightsOSLO, Sept 11 (Reuters) - Norway's governing Labour Party fell to second place behind the Conservatives in Monday's regional and municipal election, a preliminary count showed, the first time since 1924 that the leftwing group failed to finish first in a nationwide vote. With 60% of ballots counted, Labour had won 21.8% of the vote, official data showed, down from 24.8% in 2019, while the Conservative Party stood at 25.8%, up from 20.1% four years ago. While the setback deepens Labour's woes, Prime Minister Jonas Gahr Stoere has said he will continue to lead his minority coalition government regardless of the regional vote's outcome, which does not affect the composition of parliament. Labour and the rural-oriented Centre Party, in government since 2021 following a landslide for leftwing parties, next face an election for parliament in 2025.

Persons: Jonas Gahr, Terje Pedersen, Jonas Gahr Stoere, Erna Solberg, Terje Solsvik, Gwladys Organizations: Norwegian, Labor, REUTERS Acquire, Rights, Labour Party, Labour, Conservative Party, Soaring, Party, Conservative, Thomson Locations: Oslo, Norway, Rights OSLO, Monday's

DAMASCUS, Syria (AP) — The United Nations special envoy for Syria Sunday urged donors not to reduce their funding as the war-torn country's economic crisis spirals. Political Cartoons View All 1148 ImagesWith international donor support dwindling, U.N. agencies have been cutting programs due to budget cuts for years. “We cannot accept that funding for Syria is going down while the humanitarian needs are increasing,” Pedersen said. “For Syria without addressing the political consequences of this crisis, the deep economic crisis and humanitarian suffering will also continue,” Pedersen said. Meanwhile, Russia and Iran have tried to push Syria and Turkey to rekindle ties, the latter backing opposition groups in northwestern Syria.

Persons: Bashar Assad’s, Assad, Geir Pedersen, Faisal Mekdad, ” Pedersen, —, Pedersen, — Chehayeb Organizations: United Nations, Syria Sunday, Syrian Foreign, Arab League Locations: DAMASCUS, Syria, Sweida, Daraa, Russia, Iran, Damascus, Saudi Arabia, Jordan, Iraq, Egypt, Turkey, Beirut, Lebanon

CINCINNATI (AP) — Ruixin Liu of China was still suffering from allergies that forced her to withdraw from the LPGA Tour event last week. Liu said she still didn't have a clear head for the opening round in Cincinnati and has no idea why she played so well. Thompson is having her worst year on the LPGA Tour but still made the Solheim Cup team through the women's world ranking. The LPGA Tour is coming off a week that delivered one of the biggest surprises of the year. She is a six-time winner on the Futures Tour but has never finished in the top 10 on the LPGA Tour in individual play.

Persons: — Ruixin Liu, Liu, Peiyun Chien, Elizabeth Szokol, Dottie Ardina, Linnea Strom, ” Liu, “, ”, Emily Kristine Pedersen of, Charley Hull, Madelene, Jennifer Kupcho, Ally Ewing, Rose Zhang, Lexi Thompson, Thompson, Lydia Ko, Ruoning Yin, Chanettee Wannasaen, I’m, Ardina, ” Ardina Organizations: CINCINNATI, LPGA, Kroger, City, Kenwood Country Club, Portland, Queen City, Solheim, Emily Kristine Pedersen of Denmark, Kenwood, PGA Locations: China, Peiyun, Cincinnati, Spain, Europe, Sweden

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

☆ Rare protests flare in regime-held Syria as Assad seeks international rehabilitation
▼ + stars: | 2023-08-30 | by ( Nadeen Ebrahim | ) edition.cnn.com time to read: +8 min

The protests, which are taking place in areas governed by President Bashar al-Assad’s regime, have so far shown no signs of abating. The Druze are Syria’s third largest religious minority making up 3% to 4% of the country’s population, according to Minority Rights Group International. While the largest protests are clustered around al-Sir Square in Suwayda city, other, smaller ones are scattered across the governorate, Marouf said. “If protests spread deeper into regime territories, those chances (of violent crackdown) will surge.”All eyes are on Assad’s next moves. If Assad attends, it would be his first appearance on the world stage since the start of the civil war in 2011.

Persons: Bashar al, disgruntlement, Assad, haven’t, ”, Charles Lister, ” Lister, “ Long, ” Rayan Marouf, Marouf, “, ” Marouf, Hafez, Syria’s, Geir Pedersen, Pedersen Organizations: CNN, Group, Middle East Institute, UN, Arab League, Sir, UN Security Council, Sky News, ISIS, Security, United, United Arab Emirates Locations: Syria’s, Syria, Washington , DC, Russia, Iran, Suwayda governorate, Suwayda, Jaramana, Damascus, “, Idlib, Aleppo, United Arab, Dubai

☆ How Ozempic and Weight Loss Drugs Are Reshaping This Country’s Economy
▼ + stars: | 2023-08-28 | by ( Eshe Nelson | More About Eshe Nelson | ) www.nytimes.com time to read: +2 min

But Denmark keeps the krone pegged to the euro, and so when the krone rises in value, “the central bank has to respond,” he added. The central bank has been spending kroner to purchase foreign exchange and building up reserves. Because of these purchases, the central bank has also increased the gap between Denmark’s interest rates and the ones set by the European Central Bank. The central bank declined to comment for this article. It caused the country’s currency to soar, in the process making other exports expensive and uncompetitive and hampering the overall Dutch economy.

Persons: Mr, Pedersen, Helge J Organizations: Novo Nordisk, krone, Danske Bank, European Central Bank, —, Nokia Locations: United States, Denmark

☆ Simone Biles: How to watch gymnast go for more history at US Gymnastics Championships
▼ + stars: | 2023-08-25 | by ( Ben Morse | ) edition.cnn.com time to read: +9 min

Coverage of the US Gymnastics Championships will be domestically broadcast on NBC and Peacock while international viewers can watch the event on the USA Gymnastics YouTube channel. Simone Biles competes in the floor exercise during the World Championships in 2019. Smiley N. Pool/Houston Chronicle/Getty Images Biles competes on the balance beam during the US National Gymnastics Championships in August 2013. The world gymnastics championships are then scheduled to take place between September 30 and October 8 in Antwerp, Belgium. Biles is the most decorated gymnast in US history, winning 32 medals across the Olympics and the world championships.

Persons: CNN — Simone Biles, she’s, Biles, –, Alfred Jochim, Peacock, Simone Biles, Laurence Griffiths, Ron, Smiley, Tim Clayton, Corbis, Dean Mouhtaropoulos, Lintao Zhang, Nellie, Adria, Leslye Davis, Gabby Douglas, Douglas, Donald Miralle, Ezra Shaw, Damir Sagolj, Reuters Biles, Kai Pfaffenbach, Laurie Hernandez, Madison Kocian, Aly Raisman, David Ramos, Emmanuel Dunand, Jimmy Fallon, Donald Glover, Andrew Lipovsky, Michael Phelps, Raisman, Olivia Munn, Trae Patton, Michelle Obama, Barack Obama, Alex Wong, Bob Levey, Sasha Farber, Eric McCandless, Daniel Dunn, Ulrik Pedersen, NurPhoto, Lionel Bonaventure, Emilee Chinn, Natacha, Cecile Canqueteau, Landi, Shannon Miller, Robert Gauthier, McKayla Maroney, Maggie Nichols, Larry Nassar, Saul Loeb, Joe Biden, Biden, James Corden, Pete Buttigieg, Terence Patrick, Stacy Revere, Jon Durr, “, ” Organizations: CNN, US, NBC, USA, YouTube, Houston Chronicle, The New York Times, Getty, Reuters, White House, Disney, Entertainment, Walt Disney Television, Houston Texans, GK, Tokyo, Los Angeles Times, USA Gymnastics, CBS, Network, Tokyo Games, Olympic Games, Olympics Locations: San Jose , California, Houston, Spring , Texas, Rio de Janeiro, AFP, Tokyo, American, Biles, Antwerp, Belgium

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

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