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☆ SAS slides 95% as Scandinavian airline's shareholders wiped out
▼ + stars: | 2023-10-04 | by ( Louise Rasmussen | ) www.reuters.com time to read: +2 min

COPENHAGEN, Oct 4 (Reuters) - SAS shares slumped by as much as 95% on Wednesday after the airline announced a financial restructuring on Tuesday to prevent bankruptcy, bringing on board big new investors and wiping out the stakes of its more than 250,000 owners. SAS (SAS.ST) said U.S. investment firm Castlelake and Air France-KLM (AIRF.PA) would become new major shareholders alongside the Danish state, and that the airline's stock will be delisted from the Stockholm, Copenhagen and Oslo exchanges. Scandinavian Airlines (SAS) flights are seen listed at Copenhagen Airport Kastrup in Copenhagen, Denmark, July 3, 2022. Shares in SAS, which have tumbled in recent years, traded down 83% at 1144 GMT to 0.05 Swedish crowns ($0.0045). "Management itself has come out to say there was a risk that the shares will become worthless.

Persons: Andrew Kelly, Lind, Jacob Pedersen, Pedersen, Louise Breusch Rasmussen, Anna Ringstrom, Terje Solsvik, Alexander Smith Organizations: SAS, Air France, KLM, France, Scandinavian Airlines, Copenhagen, REUTERS, Lind Invest, Thomson Locations: COPENHAGEN, United States, Danish, Stockholm, Copenhagen, Oslo, Amsterdam, Paris, Denmark

☆ Eli Lilly appoints new obesity unit head ahead of key Mounjaro decision
▼ + stars: | 2023-10-04 | by ( Reuters Staff | ) www.reuters.com time to read: +1 min

(Reuters) -Eli Lilly and Co on Wednesday appointed a new chief for its diabetes and obesity unit in a string of leadership changes ahead of a key regulatory decision on the use of its potential blockbuster drug Mounjaro as a weight-loss treatment. Slideshow ( 2 images )Mounjaro, chemically known as tirzepatide, is already being prescribed by doctors off-label as an obesity treatment. In his new role, Jonsson will oversee Lilly’s launched products and late-stage development of diabetes and obesity treatments, including tirzepatide and other candidates such as its next-generation obesity drug retatrutide and obesity pill orforglipron. Mason, who has also spent more than three decades with Lilly, oversaw the late-stage development and the launch of Mounjaro. The diabetes drug, which clocked in sales of $979.7 million in the latest quarter, belongs to a class of drugs known as GLP-1s that stimulate insulin production.

Persons: Eli Lilly, Patrik Jonsson, Lilly USA, Mike Mason, Jonsson, Lilly’s, Mason, Lilly, Daniel Skovronsky Organizations: Reuters Locations: Sweden, Scandinavia, Italy, Japan, Jonsson

☆ SAS stock dives 95% as restructuring announced
▼ + stars: | 2023-10-04 | by ( ) www.reuters.com time to read: +1 min

Scandinavian Airlines (SAS) flights are seen listed at Copenhagen Airport Kastrup in Copenhagen, Denmark, July 3, 2022. REUTERS/Andrew Kelly/File Photo Acquire Licensing RightsCOPENHAGEN, Oct 4 (Reuters) - Shares in SAS (SAS.ST) tumbled 95% at market open on Wednesday after the Scandinavian airline announced new big shareholders late on Tuesday in a restructuring that will see the group delisted from bourses and existing ownership stakes erased. SAS said U.S. 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 about 32%, Air France-KLM will own around 20%, Lind Invest 8.6% and the Danish state will hold about 26%, SAS said. SAS shares, which already tumbled in recent years traded down 79% at 0742 GMT to 0.06 Swedish crowns ($0.0054).

Persons: Andrew Kelly, Lind, Louise Breusch Rasmussen, Anna Ringstrom, Terje Solsvik Organizations: Scandinavian Airlines, SAS, Copenhagen, REUTERS, Rights, Air France, KLM, Lind Invest, Thomson Locations: Copenhagen, Denmark, Rights COPENHAGEN, Danish, United States, Stockholm

☆ 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

Here are some things to know about the Nobel Prizes:AN IDEA MORE POWERFUL THAN DYNAMITEPolitical Cartoons View All 1190 ImagesThe Nobel Prizes were created by Alfred Nobel, a 19th-century businessman and chemist from Sweden. Though Nobel purists stress that the economics prize is technically not a Nobel Prize, it’s always presented together with the others. The Nobel Prizes project an aura of being above the political fray, focused solely on the benefit of humanity. The Norwegian Nobel Committee is an independent body that insists its only mission is to carry out the will of Alfred Nobel. To date, 60 women have won Nobel Prizes, including 25 in the scientific categories.

Persons: Alfred Nobel, Dynamite, ”, it’s, Nobel, Barack Obama, Liu Xiaobo, Albert Einstein, Mother Teresa, Jean, Paul Sartre, Le Duc Tho, Henry Kissinger, Ales Bialiatski, that’s Organizations: STOCKHOLM, Karolinska Institute, Nobel Foundation, U.S, Royal Swedish Academy of Sciences Locations: Scandinavia, Stockholm, Oslo, Swedish, Sweden, NORWAY, Norway, Norwegian, Beijing, China, Ukraine, Russia, Europe, North America

GUIDONIA MONTECELIO, Italy (AP) — Viktor Hovland and Ludvig Aberg put Europe in the record book with the shortest match in Ryder Cup history, a symbol of its utter dominance over the Americans at Marco Simone. The 9-and-7 victory was the biggest margin for any match over 18 holes in Ryder Cup history, a beating so bad that Scheffler, the world's No. Team Europe is now ahead of pace of that rout. The only bright spot for the Americans were Homa and Harman, who never trailed — that was also a first for the Americans this week. Europe was blazing its way around Marco Simone, where the frenzied crowd kept getting louder.

Persons: GUIDONIA MONTECELIO, — Viktor Hovland, Ludvig Aberg, Marco Simone, —, Scottie Scheffler, Brooks Koepka, Rory McIlroy, Tommy Fleetwood, Jordan Spieth, Justin Thomas, Jon Rahm, Tyrrell Hatton, Xander Schauffele, Patrick Cantlay, Zach Johnson, Brian Harman, Max Homa, Shane Lowry, Sepp Straka, Scheffler, “, ” Hovland, Brooks, McIlroy, Thomas, Spieth, Schauffele, Rahm, Hatton, Cantlay, Harman, ” Homa, I’m, ”, ___ Organizations: Ryder, FedEx Cup, Team Europe, PGA, Fleetwood Locations: Italy, Europe, Scandinavia, Norway, Sweden, foursomes, Whistling Straits, U.S

☆ 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

GUIDONIA MONTECELIO, Italy (AP) — Justin Thomas is too occupied with helping the Americans end three decades of losing the Ryder Cup on European soil to worry about any criticism of him being part of that effort. Thomas has been an emotional spark in his two Ryder Cup appearances, along with a 6-2-1 record in France and Wisconsin. He referred to Thomas as the backbone for this Ryder Cup team, even though Spieth has twice as many (four) appearances. He's been the best Ryder Cup player probably in the last decade. I was on two of them, but I felt like I played good golf.

Persons: GUIDONIA MONTECELIO, — Justin Thomas, Zach Johnson, Thomas, “, haven't, ”, else's, Zach, it's, Jon Rahm, Rory McIlroy, Viktor Hovland, LIV, Marco Simone, Hovland, Ludvig Aberg, Justin Rose, Matt Fitzpatrick, Luke Donald, Patrick Cantlay, Xander Schauffele, Jordan Spieth, Spieth, ” Spieth, “ I've, Tommy Fleetwood, ” Cantlay, He's, Ryder, ” Thomas Organizations: Ryder, PGA, Europe, FedEx, Ryder Cup, Hovland, U.S, U.S . Locations: Italy, France, Wisconsin, Whistling, Scandinavia, Sweden, U.S, Whistling Straits

☆ Fall equinox: Why the first day of fall isn’t as equal as you might think
▼ + stars: | 2023-09-23 | by ( Forrest Brown | ) edition.cnn.com time to read: +10 min

If you reside in the Northern Hemisphere, you know it as the fall equinox (or autumnal equinox). Technically, your location on the globe also determines the local time and even the date you experience the fall equinox. Here are the answers to some fall equinox questions:Where does the word ‘equinox’ come from? From the CNN Fast Facts file: The term equinox comes from the Latin word equinoxium, meaning “equality between day and night.”Precisely when will the fall equinox happen? Ryan K. W. Lai/ShutterstockAll around the world, the fall equinox has weaved its way into our cultures and celebrations.

Persons: There’s, King Mindaugas, Bridge, Mindaugas Kulbis, Louis, what’s, ” Allison Chinchar, ”, ” Chinchar, Chinchar, It’s, Primrose, Aaron Chown, Hagar Qim, Chichén, El Castillo, Jantar, Ryan K, Arif Hudaverdi Yaman Organizations: CNN, Northern, Mexico City, Seattle, NASA, Northern Hemisphere, Autumnal, Coto Japanese Academy, Anadolu Agency, • Locations: Alaska, Canada, Scandinavia, King, Vilnius, Lithuania, Montreal, Richmond , Virginia, St, Mexico, Amsterdam, Split, Croatia, Dubai, Hong Kong, Tokyo, New York, Pole, London, United Kingdom, Malta, Yucatán, El, New Delhi, India, Victoria, Great Britain, Japan, Shintoism, Quito, Ecuador, Cairo, Egypt, Helsinki, Finland

☆ Carbon accounting startup Plan A just raised $27 million in a round led by Lightspeed Venture Partners with this 11-slide pitch deck
▼ + stars: | 2023-09-19 | by ( Tasmin Lockwood | ) www.businessinsider.com time to read: +3 min

Carbon accounting startup Plan A has just secured $27 million in a round led by Californian tech investor Lightspeed Venture Partners. Berlin-based Plan A, founded in 2017, is one of many startups helping big companies measure and manage their carbon emissions. Carbon accounting companies raised $5 billion at the sector's 2021 peak, per PitchBook, as venture capitalists and large asset managers piled into the buzzy category. One way Plan A differentiates itself is its steady pace, cofounder and CEO Lubomila Jordanova told Insider. Operating in a hype market can be tricky because it deflates the value of carbon accounting in the long term, she said.

Persons: Lubomila Jordanova, Jordanova Organizations: Lightspeed Venture Partners, Visa, Deutsche Bank, Opera Tech Ventures, BNP, BMW, BMW Group, Greenhouse, TÜV Rheinland Locations: Berlin, Europe, France, Scandinavia, Paris, London

China property woes, geopolitical tensions and ongoing strikes also stoked worries about global growth. CENTRAL BANKSGlobal central banks take centre stage, with five of those overseeing the 10 most heavily traded currencies holding rate-setting meetings this week. A swathe of emerging market central banks such as Turkey and South Africa will also meet. In currency markets, the dollar drifted lower with the dollar index last down a touch at 105.24 but within sight of recent six-month highs. The euro gained about 0.1% to $1.0663, after slumping to a 3-1/2 month low of $1.0632 last week as the European Central Bank signalled its rate hikes could be over.

Persons: BOE, BOJ, France's, Taiwan's TSMC, Xi, James Rossiter, Rossiter, Marc Chandler, Goldman Sachs, Kazuo Ueda, Nell Mackenzie, Stella Qiu, Dhara, Philippa Fletcher, Alexander Smith Organizations: REUTERS, Staff, Societe Generale, China Evergrande, HK, Technology, Reuters, TD Securities, Japan's Nikkei, Brent, . West Texas, Federal Reserve, Bannockburn Global, CENTRAL, Global, Fed, Bank of England, Bank of Japan, Treasury, European Central Bank, Thomson Locations: Frankfurt, Germany, China, United States, Japan, Scandinavia, Switzerland, Britain, Asia, U.S, London, Bannockburn, Turkey, South Africa, Europe, SYDNEY

☆ Take Five: A central bank bonanza
▼ + stars: | 2023-09-18 | by ( ) www.reuters.com time to read: +5 min

Now it's the turn of the world's most important central bank. Also on Thursday, the Bank of England is tipped to hike for the 15th consecutive meeting, taking benchmark borrowing costs to 5.5%. Norway's central bank is also expected to nudge benchmark borrowing costs higher, following a 25 bps rise in August to 4%. Reuters Graphics4/ DIVERGING TRAJECTORIESThe push and pull factors on central banks are nowhere more visible than in emerging markets. But for Turkey's central bank, convening on Thursday, the only way is up.

Persons: Lewis Krauskopf, Kevin Buckland, Amanda Cooper, Naomi Rovnick, Karin Strohecker, Jerome Powell, Kazuo Ueda, Ueda, hypothesise, Tayyip Erdogan, Mark Heinrich Our Organizations: U.S . Federal, ECB, Bank of England, Reuters, Bank of Japan, Japan's, of Finance, Thomson Locations: Central, Lewis, New York, Tokyo, London, United States, Europe, Scandinavia, Switzerland, Norway's, Latin America, South Africa, Egypt, Taiwan

☆ Three more bodies found after Greece storm, raising toll to 14
▼ + stars: | 2023-09-10 | by ( ) www.reuters.com time to read: +2 min

[1/5] Locals are evacuated on an excavator from a flooded area, in the aftermath of Storm Daniel, in Larissa, Greece, September 10, 2023. REUTERS/Elias Marcou Acquire Licensing RightsATHENS, Sept 10 (Reuters) - Greek rescue teams recovered the bodies of three more people in central Greece on Sunday, raising the death toll to 14 from the country's most intense rain storm since records began in 1930. Storm Daniel pummelled Greece for three days from Tuesday at the end of the hottest summer ever recorded, leaving a fresh trail of ruin after deadly wildfires. The bodies of an 88-year-old woman and two men, aged 58 and 65, were found near the city of Karditsa, one of the worst-hit areas. Extreme weather events have struck across the globe in recent weeks, with floods in Scandinavia, southeast Europe and Hong Kong.

Persons: Storm Daniel, Elias Marcou, Storm Daniel pummelled Greece, Kyriakos Mitsotakis, Renee Maltezou, Peter Graff Organizations: REUTERS, Rights, Thomson Locations: Larissa, Greece, Karditsa, Thessaly, Scandinavia, Europe, Hong Kong, India

☆ Greek rescue teams move into worst-hit flood villages
▼ + stars: | 2023-09-09 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Alexandros Avramidis Acquire Licensing RightsATHENS, Sept 9 (Reuters) - Rescue teams took people out of floodwaters in inflatable boats and in bulldozers on Saturday as they moved into villages hit hardest by a sweeping rainstorm that killed at least 10 people in central Greece this week. Authorities, who have struggled to evacuate people from flooded areas, raised the death toll to 10 people on Friday afternoon. On Saturday, rescue teams were moving into villages near the city of Larissa and close to the River Pineios. Extreme weather events have struck across the globe in recent weeks, with floods in Scandinavia, southeast Europe and Hong Kong. Reporting by Stamos Prousalis, Renee Maltezou, Lefteris Papadimas and Michele Kambas Editing by Frances KerryOur Standards: The Thomson Reuters Trust Principles.

Persons: Storm Daniel, Alexandros Avramidis, Stamos Prousalis, Renee Maltezou, Lefteris Papadimas, Michele Kambas, Frances Kerry Organizations: REUTERS, Rights, pummelled, Authorities, Thomson Locations: Greece, Palamas, pummelled Greece, Larissa, Thessaly, Karditsa, Athens, Thessaloniki, Scandinavia, Europe, Hong Kong, India

☆ IKEA stores owner Ingka plans recycling expansion
▼ + stars: | 2023-09-06 | by ( ) www.reuters.com time to read: +2 min

Ingka Investments' Peter van der Poel told a panel at the Reuters IMPACT conference in London that a recycling initiative in the Netherlands would be expanded to markets including France, Belgium and Scandinavia. "The thing here is to understand in many markets in Europe, still incineration is incentivised (over) recycling. Ingka Investments is the investment arm of Ingka Group, which owns and operates the majority of IKEA stores. Investing in what it calls the circular economy, which includes recycling, is part of Ingka's sustainable investment portfolio, alongside renewable energy and forests. Van der Poel says this is viable because Ingka has an investment horizon of "generations", out to 100 years.

Persons: Anna Ringstrom, Peter van der Poel, Van der Poel, Tommy Reggiori Wilkes, Emma Rumney, Simon Jessop, Jan Harvey Organizations: REUTERS, Ingka, Ingka Investments, Reuters IMPACT, Investments, IKEA, Thomson Locations: Stockholm, Sweden, Europe, London, Netherlands, France, Belgium, Scandinavia, North America

Biden, who spent eight years as Obama's vice president, told a friend that Obama couldn't even curse properly, according to “The Last Politician: Inside Joe Biden’s White House and the Struggle for America’s Future." In private, Biden would “occasionally admit to friends he felt tired," the book says. She said the book was actually praising Biden for helping to push major legislation through Congress and unify global support around Ukraine. "And we’re not going to litigate here.”Foer's book also describes struggles by Vice President Kamala Harris to carve out a role for herself as Biden's No. Foer's book says Biden tried to treat Harris more respectfully than he felt Obama often had treated him as vice president, calling her “the vice president" instead of “my vice president."

Persons: Joe Biden, Barack Obama, Biden, Obama, Joe Biden’s, Franklin Foer, Donald Trump, Biden's, flailing ”, “, Karine Jean, Pierre, ” Jean, ”, Jean, ” “, Kamala Harris, Foer, Harris, Anthony Fauci, Jake Sullivan, Ashraf Ghani, Hillary Clinton, Volodymyr Zelenskyy, Sullivan, Clinton Organizations: WASHINGTON, Harvard, Ardent, White, Central, Taliban, U.S, Marines Locations: Ukraine, Scandinavia, U.S, Mexico, Afghanistan, Kabul

☆ Finding Climate Havens
▼ + stars: | 2023-08-23 | by ( German Lopez | More About German Lopez | ) www.nytimes.com time to read: +1 min

The weather extremes are enough to drive some people to pick up their lives and look for more climate-friendly places to live. Jesse Keenan, a climate adaptation expert at Tulane University living in low-lying New Orleans, is among them. “I tell my students this: ‘Within your lifetime, Tulane will no longer be a university. Your alma mater will relocate or disappear because of where it is.’”Are there places that are better suited to deal with climate change? Still, Americans are not moving to climate-friendly places today.

Persons: Jesse Keenan, ”, “, it’s Organizations: Tulane University, Tulane Locations: Hawaii, California, New Orleans, Great, U.S, Canada, Russia, Scandinavia, Phoenix

☆ The year of 'global boiling' is creating an opportunity for winemakers in Sweden, and one winemaker says he can see things growing here that were unthinkable 30 or 40 years ago
▼ + stars: | 2023-08-21 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +3 min

Rising temperatures have led to the growing season increasing by about 20 days in the country. "I can see things growing here that were unthinkable 30 or 40 years ago," said one winemaker. "I can see things growing here that were unthinkable 30 or 40 years ago," Göran Amnegård, who first started growing wine in Sweden more than 20 years ago, told the AP. "The number of bottles produced each year is very few," Henrik Edvall, the operator of a website that exports Swedish wine, told the AP. As global warming reshapes the climate, winemakers aren't the only ones seeing their fortunes shift.

Persons: Sweden —, Amnegård, Sabate, Greg Jones, Henrik Edvall, Al Jazeera Organizations: Service, Associated Press, AP, Swedish, Linfield Locations: Sweden, Italy, Greece, Spain, Spanish, Scandinavia, England, Russia, France, Norway, Al

Factors such as cheaper airfares and weaker currencies in Scandinavia could play a role, but one of the world's biggest tour operators TUI (TUI1n.DE) said on Wednesday that climate change will also drive more tourists northbound. Tour operators in places like northern Norway also see an increased demand. This had resulted in more direct flight routes to Northern Norway being created, it said. Heather Storgaard, a Scottish tourist, planned her summer vacation this year in Denmark, with a stop in Northern Germany. Wissenbach is often in Italy due to work but said she preferred the north for holidays.

Persons: Sebastian Ebel, Ebel, TUI, Fabio Scaglione, Diego Bruno, Bruno, Heather Storgaard, we'd, Margit Wissenbach, Joanna Plucinska, Marie Mannes, Rachel More, Alberto Chiumento, Mark Potter, William Maclean Organizations: Mastercard, TUI's, Stockholm, Thomson Locations: Europe, Denmark, Finland, Netherlands, Norway, Sweden, Scandinavia, Poland, Belgium, Greece, Rhodes, Northern Norway, Turin, Italy, Italian, Spain, Scottish, Northern Germany, France, Germany, Switzerland, Gothenburg, Wissenbach

☆ Train derails and roads flood as Sweden, Norway hit by torrential rain
▼ + stars: | 2023-08-07 | by ( ) www.reuters.com time to read: +2 min

[1/5] A view of passenger train which was carrying more than 100 passengers and derailed between Iggesund and Hudiksvall in Sweden, August 07, 2023. TT News Agency/Mats Andersson via REUTERSSTOCKHOLM, Aug 7 (Reuters) - Heavy rainfall drenched southern Scandinavia on Monday, causing a train to derail and roads to flood in what officials in Sweden and Norway warned could become the most extreme wet weather system to hit the region in decades. A train carrying more than 100 passengers derailed in eastern Sweden as the rain partly washed away the railway embankment, injuring three people who were taken to hospital, police said. "This is an effect of climate change, with wilder and wetter weather in Norway," Stoere told public broadcaster NRK. Reporting by Anna Ringstrom in Stockholm and Terje Solsvik in Oslo; Editing by Sharon SingletonOur Standards: The Thomson Reuters Trust Principles.

Persons: Mats Andersson, Gale, Hans, Jonas Gahr Stoere, wilder, Stoere, Anna Ringstrom, Terje Solsvik, Sharon Singleton Organizations: TT News Agency, REUTERS, Sweden, Norwegian Meteorological Institute, Norway's, NRK, Thomson Locations: Iggesund, Hudiksvall, Sweden, REUTERS STOCKHOLM, Scandinavia, Norway, North, Denmark, Finland, Stockholm, Oslo

☆ Burned by the European heat, travelers are seeking new destinations this summer
▼ + stars: | 2023-08-03 | by ( Monica Pitrelli | ) www.cnbc.com time to read: +6 min

'Scandi summer' trendInterest in visiting the Mediterranean dropped by 10% from June to November this year, according to data published by the European Travel Commission. watch nowA "Scandi summer" trend is evident among summer home renters too, according to Expedia Group. Shifts in SpainSpain is the most popular travel destination in the European Travel Commission's poll of more than 6,000 European travelers. A spring poll of more than 6,000 European travelers showed the No. 1 reason for choosing a travel destination was "pleasant weather conditions," according to the European Travel Commission.

Persons: Tom Marchant, Marchant, Evia, Will Vassilopoulos, Cynthia Nerangis, Peter Tomlinson, Tomlinson, InsureMyTrip, hasn't Organizations: CNBC, European Travel Commission, Expedia Group, Expedia, Costa de Cantabria, Afp, Getty, National Parks, Swiss, Istock, Travelers, LemonLime, CNBC Travel Locations: Europe, London, Finland, Norway, Sweden, Iceland, Scandinavia, Swedish, Skane, Blekinge, Edinburgh, Scotland, Riga, Latvia, Tallinn, Estonia, Smaland, Tenerife, Rimini, Spain Spain, Costa Blanca, Costa Brava, Mallorca, Costa Verde, Costa de, Basque, Greece, Rhodes, Corfu, Lofoten, Croatian, Canada, U.S, Slovenia, Italy, Puglia, Sicily, North Africa, Austrian, Lucerne, Solden, Switzerland, Morocco, Marrakech, France, Athens, Crete

For decades, Copenhagen has been lauded for its design, its food, its dedication to sustainability, even the general good cheer of its residents. But this year, architecture is the focus after UNESCO named the city the World Capital of Architecture for 2023. What that means for visitors is a yearlong slate of events, exhibitions and tours of the city’s most innovative architectural projects. To maximize a trip, travelers this year need two companions. Because one thing that will never change is the Danes’ devotion to cycling, a true joy in a place as bike-friendly (and flat) as Copenhagen on these blissfully long summer days.

Persons: Danes Organizations: UNESCO, Danish Architecture Locations: Copenhagen

☆ The sun’s activity is peaking sooner than expected
▼ + stars: | 2023-07-14 | by ( Ashley Strickland | ) edition.cnn.com time to read: +11 min

Every 11 years or so, the sun experiences periods of low and high solar activity, which is associated with the amount of sunspots on its surface. Over the course of a solar cycle, the sun will transition from a calm to an intense and active period. During the peak of activity, called solar maximum, the sun’s magnetic poles flip. A solar activity spikeThe current solar cycle, known as Solar Cycle 25, has been full of activity, more so than expected. The solar storms generated by the sun can affect electric power grids, GPS and aviation, and satellites in low-Earth orbit.

Persons: ”, Mark Miesch, “, Alex Young, ” Miesch, Scott McIntosh, Robert Leamon, Leamon, Miesch, Young, auroras, Bill Murtagh, ” Murtagh, NASA’s Parker, “ We’ve Organizations: CNN, National Oceanic, Prediction, NASA's Solar Dynamics, NASA, SpaceX, Heliophysics, Goddard Space Flight, GPS, National Center for Atmospheric Research, Goddard Planetary Heliophysics, University of Maryland, College Park, American University, Dynamics, Geological Survey, Probe Locations: Boulder , Colorado, Greenbelt , Maryland, Baltimore County, New Mexico , Missouri, North Carolina, California, United States, England, United Kingdom, Alaska, Canada, Iceland, Norway, Scandinavia, Michigan, Upper Midwest, Pacific, Quebec

☆ Dollar deepens dive on inflation surprise
▼ + stars: | 2023-07-13 | by ( Tom Westbrook | ) www.reuters.com time to read: +4 min

The euro made a fresh 15-month high of $1.1148 in Asia on Thursday and the yen touched its strongest since mid-May at 138.08 per dollar. U.S. core inflation came in at 0.2% in June against market expectations for 0.3%. Moves in other currencies were smaller but still delivered new milestones as traders reckon the dollar has further to drop. The Swiss franc hit its strongest since 2015 at 0.8655 to the dollar and sterling a 15-month top of $1.3019. Amongst the dollar selling, one outlier was perhaps the yen which has led gains.

Persons: Imre Speizer, Malaysia's, Pita Limjaroenrat, Steve Englander, Kazuo, Ueda, Chang Wei Liang, Tom Westbrook, Jamie Freed, Kim Coghill Organizations: month's, U.S, Westpac, New Zealand, Swiss, Standard Chartered, Bank of Japan, Fed, Central Bank, Thomson Locations: SINGAPORE, Asia, Scandinavia

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