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☆ 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

☆ Names of purported Nobel chemistry prize winners inadvertently released
▼ + stars: | 2023-10-04 | by ( ) www.reuters.com time to read: +2 min

A general view of the Royal Swedish Academy of Sciences, where the Nobel Prize in Physics is to be announced, in Stockholm, Sweden October 3, 2023. REUTERS/Tom Little/File Photo Acquire Licensing RightsSTOCKHOLM, Oct 4 (Reuters) - Sweden's Royal Academy of Sciences appeared to have inadvertently published names of three scientists it said had won this year's Nobel Prize in chemistry, although the award-giving institute said the decision was still hours away. But Johan Aqvist, chair of the academy's Nobel committee for chemistry, told Reuters: "It is a mistake by the Royal Swedish Academy of Sciences. The announcement of this year's Nobel prize for chemistry is due at 1145 CET (0945 GMT). The more than century-old prize is awarded by the Royal Swedish Academy of Sciences and is worth 11 million Swedish crowns ($990,019).

Persons: Tom Little, Moungi, Bawendi, Louis E . Brus, Alexei I, Johan Aqvist, Brus, Anna Ringstrom, Johan Ahlander, Terje Solsvik, Alex Richardson Organizations: Royal Swedish Academy of Sciences, REUTERS, Rights, Sweden's Royal Academy of Sciences, Dagens Nyheter, Reuters, Massachusetts Institute of Technology, Columbia University, Nanocrystals Technology Inc, Thomson Locations: Stockholm, Sweden, Rights STOCKHOLM

Only the fifth woman to win a Nobel physics prize, French-born L'Huillier works at Lund University in Sweden, while Agostini, who was also born in France, is a emeritus professor at Ohio State University in the United States. Agostini and Krausz then demonstrated how this could be used to create shorter light pulses than previously possible. These experiments all showed that attosecond pulses could be observed and measured, and could be used in new experiments. While the award for peace can take the limelight, the physics prize has also often taken centre stage with winners such as Albert Einstein and awards for science that has fundamentally changed how we see the world. Announced on consecutive weekdays in early October, the physics prize announcement will be followed by ones for chemistry, literature, peace and economics, the latter a later addition to the original line-up.

Persons: Pierre Agostini, Ferenc Krausz, Anne L'Huillier, Eva Olsson, Krausz, L'Huillier, Agostini, Emmanuel Macron, Hans Ellegren, Mats Larsson, Katalin Kariko, Drew Weissman, Alfred Nobel, Albert Einstein, Niklas Pollard, Simon Johnson, Johan Ahlander, Terje Solsvik, Elizabeth Pineau, Ayhan Uyanik, Christine Uyanik, Charlotte Van Campenhout, Michaela Cabrera, Alexandra Hudson, Rosalba O'Brien Organizations: Reuters, Max Planck, Quantum Optics, Lund University, Ohio State University, Royal Academy of Sciences, Thomson Locations: STOCKHOLM, Hungarian, Garching, Germany, French, Sweden, France, United States, Stockholm, Austria, Paris, COVID, Oslo, Krisztina, Budapest, Amsterdam

And I told her that many, many scientists work very, very hard," Kariko added. BioNTech said in June that about 1.5 billion people across the world had received its mRNA shot, co-developed with Pfizer (PFE.N). [1/11]Katalin Kariko and Drew Weissman win the 2023 Nobel Prize in Physiology or Medicine at the Karolinska Institute in Stockholm, Sweden October 2, 2023. The medicine prize kicks off this year's Nobel awards with the remaining five to be unveiled in coming days. The prizes, first handed out in 1901, were created by Swedish dynamite inventor and wealthy businessman Alfred Nobel.

Persons: Weissman, Katalin Kariko, Drew Weissman, Kariko, BioNTech, Rickard Sandberg, Susan Francia, immunologist, ”, Sir Andrew Pollard, Alfred Nobel, Swede Svante Paabo, Alexander Fleming, Karl Landsteiner, Niklas Pollard, Johan Ahlander, Ludwig Burger, Terje Solsvik, Andrew Cawthorne Organizations: Medicine, Nobel, Sweden's Karolinska Institute, University of Szeged, University of Pennsylvania, Pfizer, Karolinska Institute, TT News Agency, REUTERS Acquire, Boston University, Oxford University, AstraZeneca, Moderna, Thomson Locations: STOCKHOLM, COVID, Hungary, Pennsylvania, Szeged, U.S, Stockholm, Sweden, Frankfurt, Krisztina, Budapest, Oslo

☆ 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

The logo of Meta Platforms' business group is seen in Brussels, Belgium December 6, 2022. REUTERS/Yves Herman/File Photo Acquire Licensing RightsCompanies Meta Platforms Inc FollowOSLO, Sept 28 (Reuters) - Norway's data regulator will refer the fine it has imposed on Meta Platforms (META.O) to the European data authority, it said on Thursday, a move that could make the fine permanent and widen it to the European Union. The Norwegian regulator, Datatilsynet, is now referring its decision to the European Data Protection Board, which could make the decision permanent if it agrees with the Norwegian regulator's decision. "Datatilsynet has asked the European Data Protection Board (EDPB) for a binding decision in the Meta case," the regulator said in a statement. "In the request, we ask that the Norwegian temporary ban on behaviour-based marketing on Facebook and Instagram be made permanent and extended to the entire EU/EEA."

Persons: Yves Herman, Instagram, Datatilsynet, Meta, Gwladys, Terje Solsvik Organizations: REUTERS, Meta, European Union, Facebook, Big Tech, European Data Protection, Data Protection, EEA, Thomson Locations: Brussels, Belgium, Norwegian, Norway

☆ Finland lifts ban on transferring Yandex data to Russia
▼ + stars: | 2023-09-26 | by ( ) www.reuters.com time to read: +2 min

The logo of Russian technology giant Yandex is on display at the company's headquarters in Moscow, Russia December 9, 2022. REUTERS/Evgenia Novozhenina/File Photo Acquire Licensing RightsOSLO, Sept 26 (Reuters) - Finland's data protection regulator said on Tuesday it had lifted a temporary ban on Russian tech group Yandex (YNDX.O) and Dutch-based partner Ridetech from transferring to Russia the personal data of customers of Yandex's Yango ride-hailing app. The emergency ban was announced in August in response to Russian legislation which Finland at the time believed would give Russia's Federal Security Service the right to receive data from Finnish users processed in taxi operations. Yango has said it processes data in strict compliance with General Data Protection Regulation (GDPR) and EU legislation, and that Russia in any case had no jurisdiction over the company's international business. Norway had also planned a similar ban to the one issued by Finland but had not issued a formal order and will refrain from doing so, a spokesperson for the Norwegian Data Protection Agency said.

Persons: Evgenia, Ridetech, Yango, Terje Solsvik, Ros Russell Organizations: REUTERS, Rights, Federal Security Service, Yandex, General Data Protection, Norwegian Data Protection Agency, Thomson Locations: Moscow, Russia, Rights OSLO, Finland, Finnish, Norway

☆ SBB shares up 37% on cash infusion, end of strategy review
▼ + stars: | 2023-09-25 | by ( ) www.reuters.com time to read: +1 min

OSLO, Sept 25 (Reuters) - Shares of Swedish property group SBB (SBBb.ST) rose 37% in early trade on Monday after it announced on Sunday it would reorganise its business, securing an 8 billion crown ($719 million) cash boost and ending a strategic review. "The fact that SBB is freeing up 8 billion crowns must be seen in a very positive light. In a crisis, it is almost all about having liquidity, and SBB is getting it now," Carlsquare analyst Bertil Nilsson said. SBB, which has seen its shares plunge 95% since early 2022 on concerns over the group's viability, also on Sunday presented a decentralised structure to boost its transparency and funding options. ($1 = 11.1296 Swedish crowns)Reporting by Terje Solsvik and Jesus Calero, editing by Anna RingstromOur Standards: The Thomson Reuters Trust Principles.

Persons: Bertil Nilsson, Terje Solsvik, Jesus Calero, Anna Ringstrom Organizations: SBB, EduCo, Brookfield Asset Management, Brookfield, Core Infrastructure Partners, Thomson Locations: OSLO, EduCo, Brookfield, Swedish

Former Wagner commander Andrei Medvedev is pictured in court with his lawyer Brynjulf Risnes (not pictured), in Oslo, Norway April 25, 2023. Andrei Medvedev, who escaped Russia in January via its Arctic border with Norway, has described running as Russian guards fired shots at him. Police said in a statement late on Friday that a man in his 20s had been taken into custody for attempting to illegally cross the Russian border, but did not name him. It was never his intention to cross the border (into Russia)," Risnes said. Risnes said Medvedev had the right to return to Russia if he wanted to, but that "a lot of changes need to happen" in order to make a safe return.

Persons: Wagner, Andrei Medvedev, Brynjulf Risnes, Gwladys, Risnes, Medvedev, Yevgeny Prigozhin, Gwladys Fouche, Nerijus, Terje Solsvik Organizations: REUTERS, Rights, Police, Reuters, Russia, YouTube, Thomson Locations: Oslo, Norway, Rights OSLO, Russia, Ukraine, Russian, Finnmark, Norwegian, Moscow

☆ Ericsson partners with Deutsche Telekom for network APIs
▼ + stars: | 2023-09-20 | by ( ) www.reuters.com time to read: 1 min

[1/2] A logo of Ericsson is seen outside the company's office in Kanata, Ontario, Canada April 17, 2023. REUTERS/Lars Hagberg/File photo Acquire Licensing RightsSTOCKHOLM, Sept 20 (Reuters) - Sweden's Ericsson (ERICb.ST) said on Wednesday it has partnered with Deutsche Telekom (DTEGn.DE) to offer software tools for developers and business customers that will allow telecom operators to get more revenue. Known as network application programming interface (API), the software will use the Vonage platform -- a company Ericsson bought for $6.2 billion in 2022 -- to help developers create new use cases based on a mobile network. Reporting by Supantha Mukherjee in Stockholm, editing by Terje SolsvikOur Standards: The Thomson Reuters Trust Principles.

Persons: Lars Hagberg, Sweden's, Supantha Mukherjee, Terje Solsvik Organizations: Ericsson, REUTERS, Rights, Sweden's Ericsson, Deutsche Telekom, Thomson Locations: Kanata , Ontario, Canada, Rights STOCKHOLM, Stockholm

☆ Saab wins expanded U.S. contract for anti-armour system
▼ + stars: | 2023-09-18 | by ( ) www.reuters.com time to read: 1 min

The logo of Swedish manufacturer Saab is seen on a car in Prague June 13, 2012. REUTERS/David W Cerny/File Photo Acquire Licensing RightsCOPENHAGEN, Sept 18 (Reuters) - Swedish defence equipment maker Saab (SAABb.ST) said on Monday the U.S. Department of Defense has expanded a framework deal for AT4 anti-armour systems and Carl-Gustaf ammunition, and placed a new order worth $104.9 million for delivery from 2024 to 2026. The extension of the agreement, which was originally signed in 2019, will allow the U.S. to buy Saab's close combat solutions for up to $422 million, including the new order announced on Monday, Saab said. The latest order will support the U.S. army, U.S. Special Operations Command and the U.S. Marine Corps, Saab said. Reporting by Louise Breusch Rasmussen, editing by Terje SolsvikOur Standards: The Thomson Reuters Trust Principles.

Persons: David W Cerny, Gustaf, Louise Breusch Rasmussen, Terje Solsvik Organizations: Saab, REUTERS, Rights, U.S . Department of Defense, U.S ., Special Operations Command, U.S . Marine Corps, Thomson Locations: Swedish, Prague, Rights COPENHAGEN

☆ Norway wealth fund tells companies to plan for climate transition
▼ + stars: | 2023-09-15 | by ( ) www.reuters.com time to read: +1 min

A general view of the Norwegian central bank, where Norway's sovereign wealth fund is situated, in Oslo, Norway, March 6, 2018. The fund also published a policy concerning the use of voluntary carbon credits, which it said companies could use in certain cases. "We believe companies should prioritise reducing own emissions but can use additional and verified credits as a supplement to signal high climate ambitions," it said. Carbon credits should not be counted towards science-based interim emission reduction targets, and companies must be transparent about the details of credits they use, it added. "Ultimately, carbon removals will be needed by many companies seeking to achieve net zero emissions by 2050," the fund said.

Persons: Gwladys, Carine Smith Ihenacho, Terje Solsvik, Essi Organizations: REUTERS, Companies Norges Bank, Thomson Locations: Norwegian, Oslo, Norway, OSLO

☆ Norway will deliver gas to Europe for as long as needed, climate minister says
▼ + stars: | 2023-09-15 | by ( ) www.reuters.com time to read: 1 min

Espen Barth Eide, Norway's Minister of Climate and Environment, arrives at the informal meeting of EU environment ministers at the Scandinavian XPO in Marsta outside Stockholm, Sweden, April 18, 2023. TT News Agency/Henrik Montgomery via REUTERS/File Photo Acquire Licensing RightsOSLO, Sept 15 (Reuters) - Norway must continue to deliver natural gas to Europe for as long as needed while also working to decarbonise the continent's energy systems, the Norwegian climate and environment minister said on Friday. "We think it's strategically important that we uphold these deliveries while there is still use, but we also work for the elimination of use, for the transition from natural gas," Espen Barth Eide told a Reuters Newsmaker event. Reporting by Gwladys Fouche, editing by Terje Solsvik and Essi LehtoOur Standards: The Thomson Reuters Trust Principles.

Persons: Espen Barth Eide, Henrik Montgomery, Gwladys Fouche, Terje Solsvik Organizations: Norway's, TT News Agency, REUTERS, Rights, Reuters, Thomson Locations: Marsta, Stockholm, Sweden, Rights OSLO, Norway, Europe, Norwegian

View of the Ocean Explorer, a luxury cruise ship carrying 206 people that ran aground, in Alpefjord, Greenland, September 13, 2023. Danish Air Force/Arctic Command/Handout via REUTERS/File photo Acquire Licensing RightsCOPENHAGEN, Sept 14 (Reuters) - A luxury cruise ship that ran aground this week in a remote part of Greenland with 206 people on board was pulled free by a fishing trawler on Thursday. The Ocean Explorer cruise vessel had been stuck since Monday in mud and silt in the Alpefjord national park, some 1,400 km (870 miles) northeast of Greenland's capital Nuuk. The Ocean Explorer leaned to the side during the operation and passengers were not allowed to go outside, Hill said. Sydney-based Aurora Expeditions, which chartered the ship and organised the cruise, did not immediately respond to a request for comment.

Persons: Gina Hill, Hill, SunStone, Essi Lehto, Louise Breusch Rasmussen, Terje Solsvik, Mark Porter Organizations: Danish Air Force, Arctic Command, REUTERS, Rights, Reuters, Maritime Group, Aurora Expeditions, Thomson Locations: Alpefjord, Greenland, Rights COPENHAGEN, Greenland's, Nuuk, Danish, Sydney, Denmark

☆ Luxury cruise ship remains stuck in Greenland as tide fails to help
▼ + stars: | 2023-09-13 | by ( ) www.reuters.com time to read: +1 min

View of the Ocean Explorer, a luxury cruise ship carrying 206 people that ran aground, in Alpefjord, Greenland, September 12, 2023. Danish Air Force/Arctic Command/Handout via REUTERS Acquire Licensing RightsHELSINKI, Sept 13 (Reuters) - A luxury cruise ship carrying 206 people remained stuck in a remote Greenland location on Wednesday after running aground earlier this week, the vessel's operator and rescue services said. The Danish military's Joint Arctic Command (JAC) said Tuesday's tide had failed to lift the 104-metre (341-foot) Ocean Explorer enough to free it. Photos taken by a Danish air force plane on Tuesday showed the Ocean Explorer sitting upright in calm waters with the sun shining. The JAC said it remained in contact with nearby ships to see whether they would be able to help free the Ocean Explorer.

Persons: JAC, Aurora, Essi Lehto, Terje Solsvik, Christina Fincher Organizations: Danish Air Force, Arctic Command, REUTERS Acquire, Rights, Aurora Expeditions, Thomson Locations: Alpefjord, Greenland, Danish, Sydney, Greenland's, Nuuk, Denmark

☆ Luxury cruise ship carrying 206 people runs aground in remote Greenland
▼ + stars: | 2023-09-12 | by ( ) www.reuters.com time to read: +1 min

COPENHAGEN, Sept 12 (Reuters) - A luxury cruise ship carrying 206 people has run aground in remote eastern Greenland with the nearest help by sea days away, the Danish military's Joint Arctic Command (JAC) said on Tuesday. The Ocean Explorer ran aground on Monday in Alpefjord in a national park some 1,400 km (870 miles) northeast of Greenland's capital Nuuk, the JAC said in a statement. "A cruise ship in trouble in the national park is obviously a worry. A spokesperson for Australian cruise operator Aurora Expeditions said in an emailed statement everyone on board was safe and well. The Arctic command said it had asked a cruise ship located nearer to the Ocean Explorer to stay in the area so that it would be able to assist in case the situation changes.

Persons: JAC, Brian Jensen, Louise Breusch Rasmussen, Terje Solsvik, Nick Macfie Organizations: Arctic Command, Explorer, Aurora Expeditions, Thomson Locations: COPENHAGEN, Greenland, Danish, Alpefjord, Greenland's, Nuuk

☆ Sweden to consider sending fighter jets to Ukraine, SR radio reports
▼ + stars: | 2023-09-12 | by ( Louise Rasmussen | ) www.reuters.com time to read: +1 min

[1/2] Sweden's jet fighter JAS 39 Gripen E flies over the Gotland island in the Baltic Sea, May 11, 2022. TT News Agency/Henrik Montgomery via REUTERS/File Photo Acquire Licensing RightsCOPENHAGEN, Sept 12 (Reuters) - The Swedish government is considering donating Gripen fighter jets to Ukraine to help it fight Russia, Swedish public radio (SR) reported on Tuesday, citing unnamed sources. The government wants to know, among other things, how a handover would affect Sweden's defence capabilities and how quickly Sweden could get new Gripen fighters, SR reported. The Netherlands and Denmark have led a push to supply Ukraine with U.S.-made F-16 fighter jets to help counter Russia's air superiority in the war. According to the SR report, Ukraine hopes to receive one division of Gripen jets, made by Sweden's Saab <SAABb.ST>, or 16-18 planes.

Persons: JAS, Henrik Montgomery, Sweden's, Gripens, Louise Breusch Rasmussen, Terje Solsvik, Kevin Liffey Organizations: TT News Agency, REUTERS, Rights, Gripen, Sweden's Saab, NATO, Thomson Locations: Gotland, Baltic, Rights COPENHAGEN, Swedish, Ukraine, Russia, Sweden, Netherlands, Denmark, U.S, Turkey, Hungary

☆ 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

☆ SAP buys software management company LeanIX
▼ + stars: | 2023-09-07 | by ( ) www.reuters.com time to read: 1 min

A logo on the SAP exhibition space at the Viva Technology conference dedicated to innovation and startups at Porte de Versailles exhibition center in Paris, France June 15, 2022. REUTERS/Benoit Tessier/File Photo Acquire Licensing RightsSTOCKHOLM, Sept 7 (Reuters) - German business software maker SAP (SAPG.DE) on Thursday said it has bought software management company LeanIX from investors to boost its business transformation portfolio. LeanIX investors include Insight Partners, Deutsche Telekom Capital Partners, Capnamic Ventures, Iris Capital, Goldman Sachs and Dawn CapitalThe transaction is expected to close in the fourth quarter. Terms of the deal were not disclosed. Reporting by Supantha Mukherjee in Stockholm, editing by Terje SolsvikOur Standards: The Thomson Reuters Trust Principles.

Persons: Benoit Tessier, Iris Capital, Goldman Sachs, Supantha Mukherjee, Terje Solsvik Organizations: Viva Technology, Porte de, REUTERS, Rights, SAP, Insight Partners, Deutsche Telekom Capital Partners, Capnamic Ventures, Iris, Dawn, Thomson Locations: Porte, Paris, France, Rights STOCKHOLM, Stockholm

☆ Finland's Ex-PM Marin to Join Blair Think Tank, Leave Parliament
▼ + stars: | 2023-09-07 | by ( Sept. | At A.M. | ) www.usnews.com time to read: +1 min

HELSINKI (Reuters) - Finland's former Prime Minister Sanna Marin, who narrowly lost an election in April and stepped down from the leadership of her party last week, plans to leave parliament and join the Tony Blair Institute for Global Change, she said on Thursday. Based on her new position, Marin is formally asking permission to resign from parliament, her centre-left Social Democrats party said. The London-based policy think tank is led by former British Prime Minister Tony Blair. "I feel that this assignment is such that it will benefit the whole of Finland as well," Marin told reporters. Marin was the world's youngest prime minister when she took office in 2019 aged 34, attracting attention around the globe and helping lift Finland's profile at a turbulent time.

Persons: Sanna Marin, Tony Blair, Marin, Anne Kauranen, Terje Solsvik, Frances Kerry Organizations: Tony, Tony Blair Institute for Global, Social, British, NATO Locations: HELSINKI, London, Finland, COVID, Ukraine

☆ Finland's ex-PM Marin to join Blair think tank, leave parliament
▼ + stars: | 2023-09-07 | by ( ) www.reuters.com time to read: +1 min

FILE PHOTO-Finland's Social Democrats Party Chair, former Prime Minister of Finland Sanna Marin waves from the stage before her resignation speech at the Party Congress of the Socialdemocrats of Finland in Jyvaskyla, Finland, September 1, 2023. Based on her new position, Marin is formally asking permission to resign from parliament, her centre-left Social Democrats party said. The London-based policy think tank is led by former British Prime Minister Tony Blair. "I feel that this assignment is such that it will benefit the whole of Finland as well," Marin told reporters. Marin was the world's youngest prime minister when she took office in 2019 aged 34, attracting attention around the globe and helping lift Finland's profile at a turbulent time.

Persons: Marin, Ulander, Sanna Marin, Tony Blair, Anne Kauranen, Terje Solsvik, Frances Kerry Organizations: Finland's Social, Chair, Party Congress, REUTERS, Rights, Tony, Tony Blair Institute for Global, Social, British, NATO, Thomson Locations: Finland, Jyvaskyla, London, COVID, Ukraine

☆ Volvo Cars August sales up 18%, lifted by US, Europe
▼ + stars: | 2023-09-04 | by ( ) www.reuters.com time to read: 1 min

An employee at a Volvo car dealer, wearing a protective mask is seen in the showroom, amid the coronavirus disease (COVID-19) outbreak in Brussels, Belgium May 28, 2020. REUTERS/Yves Herman/File Photo Acquire Licensing RightsHELSINKI, Sept 4 (Reuters) - Sweden's Volvo Cars (VOLCARb.ST) on Monday reported an 18% rise in monthly car sales for August compared to last year, propelled by European and U.S. demand. The carmaker sold 51,636 cars in August, out of which 33% were fully electric or plug-in hybrid, Volvo Cars added. European sales rose 46% from the same month last year to 16,051 cars, while U.S sales rose 31% to 10,644 cars, Volvo said in a statement. Volvo Cars is majority owned by China's Geely (0175.HK).

Persons: Yves Herman, China's Geely, Essi Lehto, Terje Solsvik Organizations: Volvo, REUTERS, Rights, European, HK, Thomson Locations: Brussels, Belgium, U.S, China

☆ Finland's Marin, once the world's youngest premier, steps down as party leader
▼ + stars: | 2023-09-01 | by ( Essi Lehto | ) www.reuters.com time to read: +3 min

Finland's Social Democrats Party Chair, former Prime Minister of Finland Sanna Marin waves from the stage before her resignation speech at the Party Congress of the Socialdemocrats of Finland in Jyvaskyla, Finland, September 1, 2023. Marin, who had announced her intention to quit soon after the election loss, was the world's youngest prime minister when she took the post in 2019 aged 34, attracting attention around the globe and helping lift Finland's profile. After her election loss, Marin said she looked forward to a quieter life and later also announced a divorce from her husband. Entering the stage on Friday to the beat of Aretha Franklin's "Respect", Marin thanked her party for its support. She was due to formally hand over the reins later on Friday after the Social Democrats elect a new leader.

Persons: Marin, Ulander, Sanna Marin, succesfully, Aretha Franklin's, Essi, Terje Solsvik, Frances Kerry Organizations: Finland's Social, Chair, Party Congress, REUTERS Acquire, Rights, Social Democrats, NATO, Vogue, Time, National Coalition, Finns, Thomson Locations: Finland, Jyvaskyla, COVID, Ukraine, Russia, U.S

☆ Swedish foreign minister still hopeful Turkey will ratify NATO bid in Oct
▼ + stars: | 2023-09-01 | by ( ) www.reuters.com time to read: +2 min

[1/2] Swedish and NATO flags are seen printed on paper this illustration taken April 13, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsSTOCKHOLM, Sept 1 (Reuters) - The Swedish foreign minister said on Friday he remained hopeful that Turkey will ratify Sweden's planned NATO membership when the Turkish parliament reconvenes in October, as agreed with President Tayyip Erdogan at a summit of the alliance in July. Sweden applied for NATO membership last year in response to Russia's invasion of Ukraine and most alliance members quickly ratified its bid. After months of pressure, Turkish President Tayyip Erdogan said after a NATO summit in Vilnius in July he would forward the ratification of Sweden's NATO bid to parliament in October when it reconvenes after the summer break. Tensions with Turkey have also been heightened by demonstrations in Sweden where protesters have burned copies of the Koran, enraging many Muslims.

Persons: Dado Ruvic, Sweden's, reconvenes, Tayyip Erdogan, Tobias Billstrom, Billstrom, Simon Johnson, Terje Solsvik Organizations: NATO, REUTERS, Rights, Turkish, U.S . Congress, Kurdistan Workers Party, Thomson Locations: Rights STOCKHOLM, Swedish, Turkey, Vilnius, Sweden, Ukraine, Turkiye, Ankara

The January-June operating loss at the privately held (BNPL) fintech, which last made a full-year profit in 2018, was 2.01 billion crowns ($185 million) against a year-earlier loss of 6.17 billion. "We feel very confident that we'll be posting a profitable quarter very soon and then eventually also a full profitable year." Klarna Bank is a unit of Klarna Holdings, which has attracted investment from the likes of Sequoia, Permira and Silver Lake. Siemiatkowski said Klarna, whose biggest market by revenue is the U.S., now has more than 30 million users. In the second quarter, gross merchandise volume (GMV) - the value of goods purchased through Klarna - was up 14%, and revenue growth was 17%.

Persons: Sebastian Siemiatkowski, Siemiatkowski, Klarna, Supantha Mukherjee, Anna Ringstrom, Terje Solsvik, Sharon Singleton Organizations: Klarna Bank, Reuters, Klarna, Klarna Holdings, Sequoia, Thomson Locations: STOCKHOLM, Ukraine, Silver, U.S, Klarna

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