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REUTERS/Jon Nazca/File photo Acquire Licensing RightsSummaryCompanies Signals sharp downturn in demandTo review share buyback program for 2024Says industry facing overcapacity and lower prices, demandShares down more than 10% to lowest in three yearsCOPENHAGEN, Nov 3 (Reuters) - Shipping group A.P. Moller-Maersk (MAERSKb.CO), reported a steep drop in third-quarter profit and revenue on Friday and said it would cut at least 10,000 jobs in the face of overcapacity, rising costs and weaker prices. Shares in the Copenhagen-based group slid 11.1% by 0904 GMT, to their lowest level in three years. The group already warned in August of a steeper decline in global demand for shipping containers by sea this year. Reporting by Jacob Gronholt-Pedersen and Louise Rasmussen, editing by Terje Solsvik, Miral Fahmy, Elaine HardcastleOur Standards: The Thomson Reuters Trust Principles.
Persons: Jon Nazca, Moller, Vincent Clerc, Morten Holm Enggaard, Maersk, Jacob Gronholt, Pedersen, Louise Rasmussen, Terje Solsvik, Miral Fahmy, Elaine Hardcastle Organizations: Triple, Majestic, APM, REUTERS, Shipping, Maersk, Walmart, Nike, Jyske Bank, Thomson Locations: Algeciras, Spain, COPENHAGEN, Copenhagen
Director-General of the European Space Agency (ESA) Josef Aschbacher smiles as he attends an interview with Reuters during the World Economic Forum (WEF) in Davos, Switzerland, January 18, 2023. Josef Aschbacher, director general of the European Space Agency (ESA), said a more precise 2024 launch period would be defined following a delayed long-duration firing test due on Nov. 23. Aschbacher declined to comment on the state of negotiations ahead of the Seville "Space Summit", which is also due to address climate change and Europe's ambitions in space exploration. This is something that is highly critical for Europe," Aschbacher said. But in Europe's system of horse-trading for space funding, any agreement on exploration is likely to depend on progress on the critical issue of Ariane 6 funding, the people said.
Persons: Josef Aschbacher, Arnd, Aschbacher, Safran, Anders Fogh Rasmussen, Tim Hepher, Mark Potter Organizations: European Space Agency, ESA, Reuters, Economic, REUTERS, Rights, Elon, SpaceX, Russian Soyuz, Airbus, NATO, Thomson Locations: Davos, Switzerland, Seville, Spain, France, Germany, Italy, Russian, East, Ukraine, Europe, India, China, United States, Russia
By Johannes BirkebaekCOPENHAGEN (Reuters) - The Nordic governments intend to step up their cooperation to return immigrants without legal residence in the region to their countries of origin, ministers from the five countries said in a joint press conference in Copenhagen on Tuesday. However, the Danish model has become more popular as anti-immigration voices have gained traction across the Nordic region. The ministers of Sweden, Finland, Denmark, Norway and Iceland have agreed to strengthen cooperation between diplomatic personnel in charge of returning migrants from the respective Nordic countries to their country of origin. The five countries also have agreed to arrange joint flights to take illegal residents to a third country through the European Border and Coast Guard Agency, Frontex. Lastly, the ministers agreed to "assist stranded irregular migrants in North Africa," who they say will be offered assisted voluntary return to their home countries and assistance in re-establishing themselves in the third country.
Persons: Johannes Birkebaek COPENHAGEN, Ulf Kristersson, Maria Malmer Stenergard, Mari Rantanen, Johannes Birkebaek, Louise Rasmussen, David Gregorio Organizations: Nordic, United Nations, of, European Border, Coast Guard Agency, Frontex, Agency, International Organisation for Migration Locations: Copenhagen, Denmark, Danish, Nordic, Swedish, Finland, Finnish, Sweden, Norway, Iceland, North Africa, Europe, Africa
A view of the turbines at Orsted's offshore wind farm near Nysted, Denmark, September 4, 2023. Orsted, the world's largest offshore wind developer, said in August it may see impairments of 16 billion Danish crowns ($2.3 billion) on its U.S. offshore developments due to supply chain problems, soaring interest rates and a lack of new tax credits. Norway's Equinor (EQNR.OL), BP's partner on those New York offshore wind developments, booked a $300 million impairment on the projects on Friday. In Massachusetts, two offshore wind developers, SouthCoast Wind and Commonwealth Wind, agreed to pay local utilities to terminate deals that would have delivered around 2,400 MW of energy. Avangrid also canceled a contract to sell power in Connecticut from its proposed 804-MW Park City offshore wind farm.
Persons: Tom Little, Denmark's, Joe Biden, Orsted, Jacob Pedersen, Portugal, France's, Avangrid, Scott DiSavino, Louise Breusch Rasmussen, Ron Bousso, Jonathan Oatis, Josie Kao Organizations: REUTERS, BP, U.S, Analysts, Reuters, Commonwealth, Shell, Energias, Thomson Locations: Nysted, Denmark, U.S, Danish, New York, Massachusetts, Connecticut, Rhode Island and Massachusetts, In Massachusetts, Commonwealth, Spanish, Copenhagen, London, Bengaluru
Orsted, the world's largest offshore wind developer, said it would stop developing its 2,248-megawatt (MW) Ocean Wind 1 and 2 projects in New Jersey. The offshore wind industry has found itself in a perfect storm of rising inflation, interest rate hikes and supply chain delays. Norway's Equinor (EQNR.OL), BP's partner on those New York offshore wind developments, booked a $300 million impairment on the projects on Friday. Orsted, which in June announced plans to invest 475 billion crowns by 2030, said it was in the process of reviewing its investments and could introduce cost-saving initiatives. Orsted's share price has tumbled 52% since an August profit warning, cutting its market value to 112 billion crowns from 235 billion.
Persons: Joe Biden, Norway's, Mads Nipper, Nipper, Bernstein, Deepa Venkateswaran, Jacob Gronholt, Pedersen, Louise Rasmussen, Gursimran Kaur, Terje Solsvik, Michael Perry, Mark Potter Organizations: Wednesday, U.S, BP, Thomson Locations: U.S, New Jersey, New York, Danish, Copenhagen, Bengaluru
An image from surveillance video aired by Iranian state television shows people pulling 16-year-old Armita Geravand from a train car on the Tehran Metro Oct. 1. Photo: /Associated PressAn Iranian teenage girl, whose collapse in a Tehran metro raised public anger and suspicion that she had been attacked by morality patrol officers for not covering her hair, has died in hospital, according to Iranian state media. Armita Geravand, 16 years old, had been in a coma since Oct. 1. That day she had entered a subway car in Tehran, wearing her short black hair uncovered, and seconds later was dragged out, unconscious, and laid on the platform. She was pronounced brain dead last week.
Persons: Armita Geravand Organizations: Press Locations: Tehran, Iranian
Danske Bank profits beat forecasts on interest income boost
  + stars: | 2023-10-27 | by ( ) www.reuters.com   time to read: +2 min
COPENHAGEN, Oct 27 (Reuters) - Danske Bank (DANSKE.CO) on Friday reported a bigger than expected third-quarter profit, boosted primarily by high interest income, and narrowed its full-year earnings guidance, sending its shares up more than 6%. Danske Bank's results mirror those of rival Nordic banks SEB (SEBa.ST) and Swedbank (SWEDa.ST), which also beat analysts expectations when they published third-quarter results earlier this week. Danske, Denmark's biggest bank, narrowed its 2023 guidance for full-year net profit to a range of 19.5 billion-20.5 billion crowns, from 18.5 billion-20.5 billion previously. Danske's net interest income was up at 9.32 billion crowns from a year earlier 6.29 billion, and just above the 9.09 billion forecast by an LSEG poll of analysts. The bank said it expects net interest income to grow further based on the announced central bank rate hikes.
Persons: Danske, Louise Breusch Rasmussen, Terje Solsvik, Jane Merriman Organizations: Danske Bank, Thomson Locations: COPENHAGEN, Denmark's
AMMAN—Long before Hamas militants burst out of their Gaza stronghold to massacre scores of civilians with handguns and assault rifles, Iran and its allies had accelerated efforts to smuggle weapons into a different part of the Palestinian territories, the West Bank. Using drones, secret airline flights and a land bridge that traverses hundreds of miles and at least four national borders, the smuggling operation is raising the specter of a new conflagration in the war between Israel and Palestinians. It also poses a growing threat to Jordan, a staunch U.S. ally which borders Israel and the West Bank and has been struggling to contain a growing flow of drugs and arms.
Persons: AMMAN — Long, specter, Jordan Organizations: West Bank Locations: AMMAN, Gaza, Iran, Israel, U.S
TZE’ELIM, Israel—In the sun-torched plains of southern Israel, thousands of soldiers wait for the go-ahead from politicians and commanders to do what the Israeli military has trained for years to do: fight in the Gaza Strip. The Israeli military has built a replica of a generic Palestinian village nicknamed “Little Gaza” at a base in the Negev Desert, where soldiers train for combat against armed terrorists in narrow streets and a labyrinth of tunnels.
Persons: Israel — Organizations: Gaza Locations: TZE’ELIM, Israel, Gaza
AMMAN—Long before Hamas militants burst out of their Gaza stronghold to massacre scores of civilians with handguns and assault rifles, Iran and its allies had accelerated efforts to smuggle weapons into a different part of the Palestinian territories, the West Bank. Using drones, secret airline flights and a land bridge that traverses hundreds of miles and at least four national borders, the smuggling operation is raising the specter of a new conflagration in the war between Israel and Palestinians. It also poses a growing threat to Jordan, a staunch U.S. ally which borders Israel and the West Bank and has been struggling to contain a growing flow of drugs and arms.
Persons: AMMAN — Long, specter, Jordan Organizations: West Bank Locations: AMMAN, Gaza, Iran, Israel, U.S
Bitcoin on the rise: Here's what you need to know
  + stars: | 2023-10-25 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBitcoin on the rise: Here's what you need to knowRyan Rasmussen, analyst at Bitwise Asset Management, and CNBC's Tanaya Macheel join 'Power Lunch' to discuss the crypto comeback.
Persons: Ryan Rasmussen, Macheel Organizations: Bitwise Asset Management
TEL AVIV—Israel’s military on Monday screened a 47-minute video featuring images of Hamas militants’ killing spree across southern Israel on Oct. 7, as part of a government effort to document the attacks and push back against what it says are denials of their severity. The footage was gleaned from body cameras worn by Hamas fighters who died, security cameras and the cellphones and social media of Israeli victims, the military said. It showed the video to 170 reporters at a military base on the outskirts of Tel Aviv.
Organizations: Hamas Locations: TEL AVIV, Israel, Tel Aviv
TEL AVIV—Israel’s military on Monday screened a 47-minute video featuring images of Hamas militants’ killing spree across southern Israel on Oct. 7, as part of a government effort to document the attacks and push back against what it says are denials of their severity. The footage was gleaned from body cameras worn by Hamas fighters who died, security cameras and the cellphones and social media of Israeli victims, the military said. It showed the video to 170 reporters at a military base on the outskirts of Tel Aviv.
Organizations: Hamas Locations: TEL AVIV, Israel, Tel Aviv
The price of bitcoin breached the $34,000 level to hit its highest since May last year, bolstered by positive sentiment about a bitcoin exchange-traded fund. Ether , the second-biggest digital coin, surged to its highest since August, according to Coin Metrics data. Anticipation of a bitcoin ETF grew after the court ruled in favor of crypto-focused asset manager Grayscale over the U.S. Securities and Exchange Commission in its bid to turn its huge Grayscale Bitcoin Trust (GBTC) bitcoin fund into an ETF. A bitcoin ETF would give investors a way to gain exposure to bitcoin's price movements without owning the cryptocurrency directly. Bitcoin is considered a highly volatile asset, and its price fluctuations are unpredictable.
Persons: Ryan Rasmussen, Rasmussen, Bitcoin Organizations: Metrics, Bitwise Asset Management, U.S . Securities, Exchange Commission, SEC
KIRYAT SHMONA, Israel—The streets of this northern Israeli town 2 miles from the Lebanese border were deserted. Shopping centers, falafel shops and convenience stores were all closed. Explosions boomed from the hills to the west, followed by plumes of smoke. Israeli authorities on Friday announced the evacuation of Kiryat Shmona, home to some 22,000 people, as the country prepares for the possibility of a two-front war: battling Hamas in the Gaza Strip to the south as well as its Islamist ally Hezbollah in Lebanon to the north.
Persons: KIRYAT, Israel Organizations: Friday Locations: KIRYAT SHMONA, Lebanese, Kiryat Shmona, Gaza, Lebanon
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Persons: Dow Jones, f1393059 Locations: gaza
Novo Nordisk in $1.3 bln deal to buy hypertension drug
  + stars: | 2023-10-16 | by ( ) www.reuters.com   time to read: +1 min
Flags with the Novo Nordisk logo flutter outside their Danish company's offices in Copenhagen, Denmark, September 26, 2023. REUTERS/Tom Little/File Photo Acquire Licensing RightsCOPENHAGEN, Oct 16 (Reuters) - Novo Nordisk (NOVOb.CO) has agreed to buy ocedurenone, a drug for uncontrolled hypertension with potential application in cardiovascular and kidney disease, from KBP Biosciences for up to $1.3 billion, the Danish drugmaker said on Monday. "This deal is closely aligned with our strategic focus on expanding from our core in diabetes into other serious chronic diseases, including through novel drug modalities," Novo said in a statement. The acquisition is expected to close before the end of this year, Novo said, adding that the deal will not impact its operating profit outlook for 2023. Ocedurenone is an orally administered drug that is currently examined in the phase 3 trial CLARION-CKD in patients with uncontrolled hypertension and advanced chronic kidney disease, Novo said.
Persons: Tom Little, Danish drugmaker, Novo, Louise Breusch Rasmussen, Terje Solsvik Organizations: Novo Nordisk, Danish, REUTERS, Rights, KBP Biosciences, CLARION, Thomson Locations: Copenhagen, Denmark, Rights COPENHAGEN, Danish
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/world/middle-east/israel-airstrikes-kill-key-hamas-leader-as-gaza-humanitarian-crisis-grows-5ccdc18a
Persons: Dow Jones Locations: israel, gaza
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/world/middle-east/israel-airstrikes-kill-key-hamas-leader-as-gaza-humanitarian-crisis-grows-5ccdc18a
Persons: Dow Jones Locations: israel, gaza
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/world/middle-east/israel-airstrikes-kill-key-hamas-leader-as-gaza-humanitarian-crisis-grows-5ccdc18a
Persons: Dow Jones Locations: israel, gaza
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/world/middle-east/u-s-egypt-reach-deal-to-evacuate-americans-from-gaza-41b32db6
Persons: Dow Jones Locations: egypt, gaza
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/world/middle-east/muslims-across-middle-east-rally-in-support-of-palestinians-e4ca1291
Persons: Dow Jones, e4ca1291
The Danish drugmaker said it now expects sales growth this year between 32% and 38%, from a previous forecast of 27%-33%. It raised its full-year outlook for growth in earnings before interest and tax (EBIT) to 40-46% from the previous 31-37% range. Novo became Europe's most valuable company this year on soaring demand for weekly injection Wegovy and its lower-dose version Ozempic. The new sales outlook for this year primarily reflects higher expectations for profits related to sales of Ozempic and Wegovy in the United States. Operating profit grew 37% between January and September, with 47% growth in the third quarter.
Persons: Victoria Klesty, Danish drugmaker, Jeffries, Louise Breusch Rasmussen, Jacob Gronholt, Pedersen, Maggie Fick, Terje Solsvik, Susan Fenton, Emelia Organizations: REUTERS, Novo Nordisk, COPENHAGEN, Analysts, Barclays, Novo, Thomson Locations: Oslo, Norway, Victoria, United States, Danish, Wegovy, The Copenhagen, London
[1/4] Estonian Navy conducts an undersea communications cable survey after a subsea gas pipeline and a telecommunications cable connecting Finland and Estonia under the Baltic Sea was damaged, in the Gulf of Finland, October 10, 2023. Estonian Navy Handout/Handout via REUTERS/File Photo Acquire Licensing RightsCOPENHAGEN, Oct 13 (Reuters) - Nordic and Baltic seismologists said that they had detected blast-like waves on Sunday when a Baltic Sea gas pipeline ruptured but that the data was not strong enough to determine whether explosives were involved. Waves measured after explosions tend to leave different signals to those sent out by earthquakes, the seismologists said. But processing the data had separated the seismic waves from the background noise even though stormy weather in the Gulf of Finland, an arm of the Baltic Sea stretching eastwards into Russian waters, had complicated the analysis, seismologists said. In 2022, the Nord Stream gas pipelines under the Baltic Sea between Russia and Germany were damaged by explosions that authorities have determined were caused by deliberate acts of sabotage.
Persons: Baltic seismologists, Anne Strommen Lycke, NORSAR, seismologists, seismologist Bjorn Lund, Seismologist Jari Kortstrom, Heidi Soosalu, didn't, NORSAR's Lycke, Johannes Birkebaek, Louise Breusch Rasmussen, Ilze, Terje Solsvik Organizations: Estonian Navy, REUTERS, Rights, Reuters, Finland's National Bureau of Investigation, Sweden's University of Uppsala, University of Helsinki, Thomson Locations: Finland, Estonia, Baltic, Gulf of Finland, Handout, Rights COPENHAGEN, Finland's, Russia, Germany, Nord
Netherlands' Air Force F-16 fighter jets fly during a media day illustrating how NATO Air Policing safeguards the Allies' airspace in the northern and northeastern region of the Alliance, July 4, 2023. REUTERS/Piroschka van de Wouw/File Photo Acquire Licensing RightsCOPENHAGEN, Oct 11 (Reuters) - Denmark, the Netherlands and the United States will spearhead a new international coalition to help Ukraine establish a future air force based on F-16 fighter jets, the Danish ministry of defence said on Wednesday. Denmark and the Netherlands were the first two countries to commit to donating F-16 jets to Ukraine, whose current air force has a fleet of ageing Soviet-era fighter jets, in its war with Russia. "This is a natural move following the leading role Denmark already has in relation to the military support for Ukraine and especially in relation to the donation of F-16 fighter jets," Defence Minister Troels Lund Poulsen said. Reporting by Louise Breusch Rasmussen, Johannes Gotfredsen-Birkebaek, editing by Andrew Heavens, William MacleanOur Standards: The Thomson Reuters Trust Principles.
Persons: de, Troels Lund Poulsen, Louise Breusch Rasmussen, Johannes Gotfredsen, Andrew Heavens, William Maclean Organizations: Air Force, Air, Alliance, REUTERS, Rights, Defence, TV2, Wednesday, Thomson Locations: Netherlands, Rights COPENHAGEN, Denmark, United States, Ukraine, Danish, Russia
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