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Finland's Prime Minister Petteri Orpo attends a summit between European Union leaders and leaders of the CELAC group of Latin American and Caribbean states, in Brussels, Belgium July 18, 2023. REUTERS/Johanna Geron/File Photo Acquire Licensing RightsHELSINKI, Aug 31 (Reuters) - Finland's government, beset by racism controversies since taking office in June, has agreed on a common policy to combat intolerance, party leaders said late on Wednesday, preventing a collapse of the four-party, right-wing coalition. Prime Minister Petteri Orpo, whose conservative National Coalition Party (NCP) narrowly won Finland's April election, said the government on Thursday will present its unified policy on how to tackle racism, following a cabinet meeting. SPP leader Anna-Maja Henriksson said she and her party had endorsed the new policy. Reporting by Anne Kauranen, editing by Terje Solsvik, Robert BirselOur Standards: The Thomson Reuters Trust Principles.
Persons: Petteri Orpo, Johanna Geron, Vilhelm Junnila, Riikka Purra, Anna, Maja Henriksson, Henriksson, Anne Kauranen, Terje Solsvik, Robert Birsel Organizations: Finland's, Union, REUTERS, Rights, Finns Party, Finns, National Coalition Party, NCP, Swedish People's Party, Swedish, Twitter, Thomson Locations: Caribbean, Brussels, Belgium
Orsted plunges 20% on risk of $2.3 billion in US impairments
  + stars: | 2023-08-29 | by ( ) www.reuters.com   time to read: +2 min
General view of the Walney Extension offshore wind farm operated by Orsted off the coast of Blackpool, Britain, September 5, 2018. "The situation in U.S. offshore wind is severe," Chief Executive Mads Nipper told reporters on a conference call. The company's Ocean Wind 1, Sunrise Wind, and Revolution Wind projects are adversely impacted by several supplier delays, which may trigger impairments of up to 5 billion crowns, the company said in a statement. On top of this, the increase in long-dated interest rates in the United States affected both offshore as well as some onshore wind projects and will cause impairments of around 5 billion crowns, Orsted said. The U.S. government has set a national goal to develop 30 gigawatt of offshore wind by 2030.
Persons: Orsted, Phil Noble, Mads Nipper, Bernstein, Terje Solsvik, Gursimran Kaur, Nora Buli, Andy Sullivan, Conor Humphries Organizations: REUTERS, Rights, U.S ., Ocean, Public Service Enterprise, Thomson Locations: Walney, Blackpool, Britain, Rights OSLO, United States, U.S, New Jersey, Oslo, Bengaluru
Ericsson sees IPR licensing revenues of $1 bln this year
  + stars: | 2023-08-25 | 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, Aug 25 (Reuters) - Sweden's Ericsson (ERICb.ST) predicted on Friday intellectual property rights (IPR) licensing income of 11 billion Swedish crowns ($1 billion) this year after it renewed a patent cross-licensing agreement with China's Huawei. The telecom gear maker's renewed multi-year deal with its Chinese rival grants both companies global access to each other's patented, standardized technologies, it said. "With the current portfolio of IPR licensing contracts, Ericsson estimates the full-year 2023 IPR licensing revenues to be approximately 11 billion crowns," the company said in a statement. ($1 = 11.0158 Swedish crowns)Reporting by Anna Ringstrom, editing by Terje SolsvikOur Standards: The Thomson Reuters Trust Principles.
Persons: Lars Hagberg, Sweden's, Anna Ringstrom, Terje Solsvik Organizations: Ericsson, REUTERS, Rights, Sweden's Ericsson, China's Huawei, Thomson Locations: Kanata , Ontario, Canada, Rights STOCKHOLM
[1/2] Norwegian Air Force F-16 fighters (front) and Italian Air Force Eurofighter Typhoon fighters patrol over the Baltics during a NATO air policing mission from Zokniai air base near Siauliai, Lithuania, May 20, 2015. REUTERS/Ints Kalnins/File Photo Acquire Licensing RightsOSLO, Aug 24 (Reuters) - Norway will donate U.S.-made F-16 combat aircraft to Ukraine, the Norwegian prime minister announced during a visit to Kyiv on Thursday, joining an effort led by the Netherlands and Denmark. F-16s have been on Ukraine's wish list for a long time because of their destructive power and global availability. "We are planning to donate Norwegian F-16 fighter jets to Ukraine, and will provide further details about the donation, numbers and time frame for delivery, in due course," Norway's Prime Minister Jonas Gahr Stoere said in a statement. "The donation of these F-16 jets will significantly strengthen Ukraine's military capabilities," Norway's Defence Minister Bjoern Arild Gram said in the statement.
Persons: Ints, Jonas Gahr Stoere, Stoere, Volodymyr Zelenskiy, Bjoern Arild Gram, Terje Solsvik, Nora Buli, Mark Heinrich, Jonathan Oatis Organizations: Norwegian Air Force, Italian Air Force Eurofighter, NATO, REUTERS, Rights, U.S, Norway's, Romania, U.S . Air Force, Thomson Locations: Siauliai, Lithuania, Rights OSLO, Norway, Ukraine, Norwegian, Kyiv, Netherlands, Denmark
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
Ukraine's Zelenskiy says 'confident' Russia will lose war
  + stars: | 2023-08-21 | by ( ) www.reuters.com   time to read: 1 min
COPENHAGEN, Aug 21 (Reuters) - Ukrainian President Volodymyr Zelenskiy predicted on Monday that Russia will lose the war that still rages in his country, one day after Denmark and the Netherlands promised to donate F-16 fighter jets to Ukraine. "Today we are confident that Russia will lose this war," Zelenskiy said in a speech before a large outdoor crowd in Copenhagen. Reporting by Jacob Gronholt-Pedersen, editing by Terje SolsvikOur Standards: The Thomson Reuters Trust Principles.
Persons: Volodymyr Zelenskiy, Zelenskiy, Jacob Gronholt, Pedersen, Terje Solsvik Organizations: Thomson Locations: COPENHAGEN, Russia, Denmark, Netherlands, Ukraine, Copenhagen
STOCKHOLM, Aug 17 (Reuters) - Swedish gaming group Embracer (EMBRACb.ST) on Thursday reported a weaker than expected operating profit for the April to June period but reiterated its full-year guidance as its restructuring program was on track. Adjusted operating profit for the fiscal first quarter stood at 1.67 billion Swedish crowns ($152.75 million), lagging the 1.78 billion expected in a company-provided poll of analysts, but up from 1.32 billion crowns a year ago. "We now have increased confidence regarding earnings this year and we are on track to deliver on the restructuring program," CEO Lars Wingefors said in a statement. Wingefors said operating costs increased due to inflation and the run-rate impact of prior-year recruitment. ($1 = 10.9332 Swedish crowns)Reporting by Jesus Calero and Marie Mannes; Editing by Terje Solsvik and Edmund KlamannOur Standards: The Thomson Reuters Trust Principles.
Persons: Lars Wingefors, Wingefors, Jesus Calero, Marie Mannes, Terje Solsvik, Edmund Klamann Organizations: Thomson Locations: STOCKHOLM, Swedish
ARENDAL, Norway, Aug 17 (Reuters) - It is up to Ukraine to decide when the conditions are right to join any negotiations following the Russian invasion, NATO chief Jens Stoltenberg said on Thursday, emphasising the alliance's unchanged stance after comments this week by a senior colleague. "It is the Ukrainians, and only the Ukrainians, who can decide when there are conditions in place for negotiations, and who can decide at the negotiating table what is an acceptable solution," Stoltenberg said. Speaking at a conference in the Norwegian town of Arendal, he added that NATO's role was to support Ukraine. "His (Jenssen's) message, and which is my main message, and which is NATO's main message, is, firstly, that NATO's policy is unchanged - we support Ukraine," Stoltenberg said. Reporting by Gwladys Fouche in Arendal and Victoria Klesty in Oslo; editing by Terje Solsvik and Keith WeirOur Standards: The Thomson Reuters Trust Principles.
Persons: Jens Stoltenberg, Stoltenberg, Stoltenberg's, Stian Jenssen, Jenssen, Volodymyr Zelenskiy, Gwladys, Terje Solsvik, Keith Weir Organizations: NATO, Kyiv, Victoria Klesty, Thomson Locations: ARENDAL, Norway, Ukraine, Norwegian, Arendal, Russia, Victoria, Oslo
[1/2] A police officer on a Segway patrols Sweden's parliament Riksdagen as the terror threat level in Sweden is raised to four on a five-point scale, in Stockholm, Sweden, August 17, 2023. There has been widespread condemnation from many parts of the Muslim world, with Iranian Supreme Leader Ayatollah Ali Khamenei urging severe punishment for those responsible and saying Sweden was in battle mode against the Muslim world. "Sweden has gone from being considered a legitimate target for terrorist attacks to being considered a prioritised target," SAPO head Charlotte von Essen told a news conference. MILITARY ALERTThe Swedish armed forces also said they were raising the terrorism threat level for operations. Britain and the United States have warned nationals against going to Sweden due to possible terrorist attacks amid protests there and in neighbouring Denmark over the Koran burnings.
Persons: Riksdagen, Fredrik Sandberg, Ayatollah Ali Khamenei, Charlotte von Essen, von Essen, Simon Johnson, Johan Ahlander Terje Solsvik, Louise Rasmussen, Niklas Pollard, Andrew Cawthorne Organizations: TT, Agency, REUTERS Acquire, Rights, Iranian, Islamic, Thomson Locations: Sweden, Stockholm, Rights STOCKHOLM, Denmark, Swedish, Britain, United States, Uzbek
Former Finnish PM Alexander Stubb to run for president
  + stars: | 2023-08-16 | by ( ) www.reuters.com   time to read: +1 min
Former Prime Minister of Finland Alexander Stubb at the EPP congress in Helsinki, November 7, 2018. Lehtikuva/Jussi Nukari via REUTERS/File Photo Acquire Licensing RightsHELSINKI, Aug 16 (Reuters) - Former Finnish Prime Minister Alexander Stubb said on Wednesday that he will be a candidate in Finland's presidential election due in January of 2024. His announcement came after incumbent premier Petteri Orpo on Sunday asked Stubb to become the National Coalition party's candidate. "In this geopolitical situation the answer is unequivocal: when the fatherland calls, then we go," Stubb told reporters. Stubb, currently a professor and director of the European University Institute in Florence, Italy, held several ministerial posts before serving as prime minister between 2014 and 2015.
Persons: Finland Alexander Stubb, Lehtikuva, Jussi Nukari, Alexander Stubb, Petteri Orpo, Stubb, Pekka Haavisto, Mika Aaltola, Olli Rehn, Anne Kauranen, Terje Solsvik Organizations: EPP, REUTERS, Rights, National Coalition, European University Institute, Bank of Finland, Thomson Locations: Finland, Helsinki, Finnish, Florence, Italy
Lithuania closes two Belarus border crossings
  + stars: | 2023-08-16 | by ( ) www.reuters.com   time to read: +1 min
The government did not spell out the circumstances nor threats in its reasoning for closing from Friday the two rural crossing points, which were not used by commercial vehicles. Over the previous few weeks Lithuanian officials have discouraged its citizens from travelling to Belarus, a close Russian ally, setting up signs at the borders saying: "Do not risk your safety – do not travel to Belarus. Neighbouring Poland has closed all but one border crossing point with Belarus this year following the imprisonment of a journalist of Polish origin and expulsions of Polish diplomats. Poland announced plans last week to move 10,000 additional troops to the Belarus border to support existing guards. In 2021, Latvia, Poland and Lithuania faced an immigration crisis when thousands of people, mostly from the Middle East and Africa, began crossing from Belarus.
Persons: Andrius Sytas, Terje Solsvik, Angus MacSwan Organizations: Russian Wagner Group, Thomson Locations: VILNIUS, Lithuanian, Belarus, Russian, Poland, Latvia, Lithuania, East, Africa
Norway seen lifting policy rate to 4.0% this week
  + stars: | 2023-08-15 | by ( ) www.reuters.com   time to read: +2 min
"The risk of another double rate hike is clearly reduced," Handelsbanken said in an Aug. 11 note to clients. Norges Bank's monetary policy committee has said it will likely hike the policy rate to 4.25% in the course of this year to prevent a continued rapid rise in prices and wages that could see inflation become entrenched. The European Central Bank last month raised its key policy rate to 3.75%, but a narrow majority of economists polled by Reuters expect the ECB to temporarily pause its rate-hiking campaign at its September meeting. All 31 economists polled in the Aug. 10-15 period said Norges Bank would announce on Thursday that it will increase its policy rate by 25 bps to 4.00%. The poll's median prediction showed that the policy rate is expected to hit a peak of 4.25% later in the third quarter, although some predicted it could rise to 4.50% by the end of the year.
Persons: Handelsbanken, Terje Solsvik, Vijayalakshmi Srinivasan, Pai Sujith, Susan Fenton Organizations: Reuters, Norges, bps, Norges Bank, European Central Bank, ECB, Thomson Locations: OSLO, Norwegian, Bengaluru
Norway wealth fund CEO Nicolai Tangen poses for a picture before a news conference held at the Norwegian central bank in Oslo, Norway January 31, 2023. The fund invests in 9,200 firms worldwide, for which it sets expectations on a range of issues, from children's rights to climate change. When talking to firms about responsible AI, the fund will concentrate particularly on the healthcare, finance and large tech sectors, because their use of the technology will have an especially strong impact on consumers. "They have to take responsibility for their development and use of AI," said Smith Ihenacho, adding the fund had already discussed AI with the large U.S. tech companies in its portfolio. In July, U.S. AI companies made voluntary commitments to the White House to implement measures such as watermarking AI-generated content to make the technology safer.
Persons: Nicolai Tangen, Will, Tangen, Carine Smith Ihenacho, Smith, Smith Ihenacho, Gwladys Fouche, Terje Solsvik, Jan Harvey Organizations: REUTERS, financials, Reuters, Companies, Microsoft, Nvidia, Tech, Thomson Locations: Norway, Norwegian, Oslo, Victoria, financials OSLO
Latvia's Prime Minister Krisjanis Karins addresses the opening session on the first day of the Ukraine Recovery Conference in London, Britain June 21, 2023. Henry Nicholls/Pool via REUTERSRIGA, Aug 14 (Reuters) - Latvian Prime Minister Krisjanis Karins announced his resignation on Monday, blaming a breakdown in relations with parts of his multi-party governing government. Karins' New Unity party plans to select its candidate for prime minister on Wednesday, he said. President Edgars Rinkevics has responsibility for giving a mandate to a new prime minister to try to form a government. Latvia's next parliamentary election is scheduled for 2026.
Persons: Krisjanis Karins, Henry Nicholls, Karins, Aivars Lembergs, Edgars Rinkevics, Latvia's, Janis Laizans, Andrius, Terje Solsvik, John Stonestreet Organizations: Latvia's, Conference, REUTERS, Latvian, European Union, NATO, Unity, National Alliance, Progressives, Greens, Farmers Union, Thomson Locations: Ukraine, London, Britain, REUTERS RIGA, Lithuania, Estonia, Latvia, Russia, Ventspils
[1/2] Storelv river flows through Hoenefoss Center as the extreme weather "Hans" is expected to cause significant water damage in the coming days, in Hoenefoss, Norway, August 9, 2023. NORWAY OUT. Strong winds, intense rain and landslides hit the Nordic region earlier this week, knocking out power lines and bringing public transport to a standstill. According to the institute, data shows that precipitation in Norway has increased by around 18% over the last 100 years, with the biggest rise taking place in the last 30-40 years. Jana Sillmann, a research director at the Oslo-based Centre for International Climate Research, said extreme weather events, such as the torrential rain seen this week, will be more frequent as the climate warms.
Persons: NTB, Annika Byrde, Read, Ingvild Villa, Jana Sillmann, heatwaves, El, Sillmann, Terje Solsvik, Christina Fincher Organizations: Center, Norwegian Meteorological Institute, International Climate Research, UN, El Nino, Thomson Locations: Hoenefoss, Norway, NORWAY, OSLO, Oslo, Sweden, Nordic
COPENHAGEN, Aug 10 (Reuters) - Denmark's Orsted (ORSTED.CO), the world's No. 1 offshore wind farm developer, on Thursday reported second-quarter operating profit below expectations and confirmed its full-year guidance. Orsted kept its 2023 forecast for EBITDA excluding new partnerships unchanged at between 20 billion and 23 billion crowns. "However, compared to the guidance provided in our annual report for 2022, we now expect higher earnings in Offshore than initially announced," Chief Executive Mads Nipper said in a statement. ($1 = 6.7816 Danish crowns)Reporting by Jacob Gronholt-Pedersen, editing by Terje SolsvikOur Standards: The Thomson Reuters Trust Principles.
Persons: Orsted, Mads Nipper, Jacob Gronholt, Pedersen, Terje Solsvik Organizations: Thomson Locations: COPENHAGEN
Norway evacuates thousands from worst floods in decades
  + stars: | 2023-08-09 | by ( ) www.reuters.com   time to read: +1 min
A person walks in mud after extreme weather Hans hit Valdres, near Oslo, Norway August 8, 2023. NTB/Cornelius Poppe via REUTERSOSLO, Aug 9 (Reuters) - Norway evacuated thousands of people as rivers swelled to their highest levels in at least 50 years on Wednesday and homes and businesses were submerged or swept away by landslides. Innlandet county, one of Norway's worst hit areas, said many people were isolated by the floods and that first responders may not be able to reach those in need. On Monday, a Swedish train derailed when a railway embankment was washed away by floods, injuring three people. Authorities in Norway and Sweden maintained red alerts, their most severe flood warnings, for several regions on Wednesday.
Persons: Hans, Valdres, NTB, Cornelius Poppe, Terje Solsvik, Alexandra Hudson Organizations: REUTERS, Hove, TV2, Authorities, Alexandra Hudson Our, Thomson Locations: Oslo, Norway, REUTERS OSLO, Innlandet, Nordic, Finland, Sweden, Swedish
A selection of injector pens for the Wegovy weight loss drug are shown in this photo illustration in Chicago, Illinois, U.S., March 31, 2023. The increasingly popular Wegovy has transformed the weight-loss market since its U.S. launch in June 2021, capturing the attention of patients, investors and celebrities worldwide. Novo's news lifted shares in Europe's second-most valuable listed company after LVMH (LVMH.PA) by more than 17% to record highs. Novo said the eagerly-awaited study results, which have not been peer reviewed, showed that patients on Wegovy had a 20% lower incidence of heart attack, stroke or death from heart disease compared to those on a placebo. Lilly's shares rose nearly 15% in early U.S. trading, boosted by its upbeat quarterly results and Novo's trial data.
Persons: Jim Vondruska, Novo, Wegovy, Jeff Levin, Willis, Willis Towers Watson, Martin Holst Lange, Novo's, Eli Lilly, Mounjaro, Soren Lontoft Hansen, Maggie Fick, Nikolaj Skydsgaard, Jacob Gronholt, Ludwig Burger, Patrick Wingrove, Terje Solsvik, Josephine Mason, Sharon Singleton, Kirsten Donovan, Jan Harvey, Alexander Smith Organizations: REUTERS, COPENHAGEN, Novo Nordisk, Willis Towers, U.S, Union, Pfizer Inc, Amgen Inc, World Health Organization, Barclays, Reuters, Pedersen, Thomson Locations: Chicago , Illinois, U.S, LONDON, Europe's, Europe, United States, Novo, Wegovy, Germany, Denmark, Norway, Copenhagen, Frankfurt, New York, Oslo
Finland and Norway ban Yandex from transferring data to Russia
  + stars: | 2023-08-08 | by ( ) www.reuters.com   time to read: +3 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 PhotoHELSINKI, Aug 8 (Reuters) - Finnish and Norwegian regulators said on Tuesday they had banned Russian tech group Yandex (YNDX.O) and its Netherlands-based partner Ridetech International from transferring to Russia any personal data of customers of Yandex's Yango ride-hailing app. The Yango ride-hailing service, which operates in 14 countries including Finland and Norway, is one of many services offered by Yandex, often dubbed "Russia's Google". "There is an acute risk to privacy as Russian authorities could potentially monitor the movements of Norwegian citizens via Yango," the Norwegian Data Protection Authority said in a separate statement. It said it processes data in strict compliance with General Data Protection Regulation (GDPR) and EU legislation.
Persons: Evgenia, Yango, Arkadi Volozh, Anne Kauranen, Terje Solsvik, Alexander Marrow, Susan Fenton Organizations: REUTERS, Ridetech, Finnish DPA, Federal Security Service, Russian Federation, Yandex, Norwegian Data Protection Authority, General Data Protection, Nasdaq, EU General Data, Thomson Locations: Moscow, Russia, Russian, Netherlands, Finnish, Finland, Norway, Yango, Yandex's New York, Ukraine, Oslo, London
The logo of Meta Platforms' business group is seen in Brussels, Belgium December 6, 2022. REUTERS/Yves Herman/File Photo/File PhotoOSLO, Aug 7 (Reuters) - Facebook and Instagram owner Meta Platforms (META.O) will be fined 1 million Norwegian crowns ($98,500) per day over privacy breaches from Aug. 14, Norway's data protection authority told Reuters on Monday. The regulator, Datatilsynet, had said on July 17 that the company would be fined if it did not address privacy breaches the regulator had identified. Meta Platforms did not immediately reply to a request for comment. Norway is not a member of the European Union but is part of the European single market.
Persons: Yves Herman, Datatilsynet, Tobias Judin, Meta, Meta's, Gwladys Fouche, Terje Solsvik, David Gregorio Our Organizations: REUTERS, Meta, Reuters, Big Tech, European Data Protection, European Union, Facebook, Ireland's Data, European, Thomson Locations: Brussels, Belgium, OSLO, Norway, Norwegian, Europe, Oslo
[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
Moller-Maersk (MAERSKb.CO) warned on Friday of a steeper decline in global demand for shipping containers by sea this year prompted by muted economic growth and customers reducing inventories. The company, one of the world's biggest container shippers with a market share of around 17%, said it expects container volumes to fall by as much as 4%. Maersk, one of the world's biggest container shippers with a market share of around 17%, transports goods for retailers and consumer companies such as Walmart, Nike and Unilever. Maersk posted record earnings last year due to high freight rates caused by high consumer demand and pandemic-related log jams at ports. But freight rates have tumbled this year amid a global economic slowdown.
Persons: Andrew Kelly, Moller, destocking, Vincent Clerc, Jacob Gronholt, Pedersen, Terje Solsvik, Jacqueline Wong Organizations: Maersk, REUTERS, Shipping, Walmart, Nike, Unilever, Thomson Locations: Copenhagen, Denmark, Europe, United States
Denmark to tighten border control after Koran burnings
  + stars: | 2023-08-04 | by ( ) www.reuters.com   time to read: +1 min
People demonstrate against the desecration of the Koran in Denmark, in Sanaa, Yemen July 24, 2023. REUTERS/Khaled Abdullah/File PhotoOSLO, Aug 4 (Reuters) - Danish police are tightening border controls following recent burnings of the Koran that have affected the security situation, the justice ministry said late on Thursday, following a similar decision by Sweden earlier in the week. Tighter border controls will initially be in place until Aug. 10, it said. "The recent Koran burnings have, as the security police have said, affected the current security situation," Justice Minister Peter Hummelgaard said in the statement. The decision to tighten border controls with more checks of travellers arriving in Denmark follows a similar move by Sweden.
Persons: Khaled Abdullah, Peter Hummelgaard, Terje Solsvik, Tom Hogue, Robert Birsel Organizations: REUTERS, Authorities, Thomson Locations: Denmark, Sanaa, Yemen, OSLO, Sweden
Volvo Cars sales up 21% year-on-year in July
  + stars: | 2023-08-03 | 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 PhotoOSLO, Aug 3 (Reuters) - Sweden's Volvo Cars (VOLCARb.ST) on Thursday reported a 21% rise in car sales in July from a year earlier, selling 54,165 vehicles, the company's 11th consecutive month of year-over-year growth. In the first seven months of 2023, Volvo sold 395,856 cars globally, a rise of 18% compared with the same period of 2022, led by soaring demand for fully-electric or plug-in-hybrid models. The manufacturer, which is majority-owned by China's Geely (0175.HK), said it sold 64,764 fully-electric cars year-to-date, up from 23,803 in the year-ago period. Shares in the company were up 0.4% at 0714 GMT, outperforming a 0.5% drop in Stockholm's benchmark index (.OMXS30).
Persons: Yves Herman, China's Geely, Terje Solsvik, Gwladys Organizations: Volvo, REUTERS, HK, Thomson Locations: Brussels, Belgium, OSLO
Norwegian flags flutter at Karl Johans street in Oslo, Norway, May 31, 2017. REUTERS/Ints Kalnins/File PhotoAug 3 (Reuters) - Russia has added Norway to its list of foreign states that have committed so-called "unfriendly" acts against Russian diplomatic missions, news agencies reported on Thursday. Countries on the list are limited in the number of local staff they can hire in Russia, with Norway restricted to 27, state news agency RIA Novosti said. Norway expelled 15 Russian diplomats for alleged spying in April, and Russia responded by ordering out 10 Norwegian diplomats. Russia can itself choose to end the war," Norwegian Foreign Minister Anniken Huitfeldt said in a statement to Reuters.
Persons: Karl, Ints, Anniken Huitfeldt, Huitfeldt, Terje Solsvik, Mark Trevelyan Organizations: REUTERS, RIA Novosti, Reuters, Thomson Locations: Karl Johans, Oslo, Norway, Russia, Ukraine, Norwegian, Moscow
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