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Russia wants the 15-member council to ask for an independent inquiry into the blasts on the pipelines connecting Russia and Germany, which spewed gas into the Baltic Sea. "The authorities of Denmark, Germany and Sweden have been in dialogue regarding the investigation of the gas leaks, and the dialogue will continue to the relevant extent." Russia has asked U.S. economist Jeffrey Sachs, of the Center for Sustainable Development at Columbia University, to brief the Security Council at Tuesday's meeting. The consequences as concerns greenhouse gas emissions are substantial and worrisome," Denmark, Germany and Sweden wrote. This means a vote could coincide with meetings of the U.N. General Assembly and Security Council to mark the first anniversary of Moscow's invasion of Ukraine.

☆ Maersk expects 2023 profits to plummet as volumes, freight rates fall
▼ + stars: | 2023-02-08 | by ( ) www.reuters.com time to read: +1 min

Moller-Maersk (MAERSKb.CO) on Wednesday reported fourth-quarter earnings slightly below expectations and forecast a 2023 core profit significantly below last year's as volumes and freight rates fall. The company said in a statement it expected underlying earnings before interest, taxation, depreciation and amortisation (EBITDA) between $8 billion and $11 billion this year, compared with $36.8 billion last year. Underlying EBITDA stood at $6.52 billion in the fourth quarter compared with $7.99 billion a year ago and a 6.95 billion forecast by analysts in a poll gathered by the company. Revenues fell slightly to $17.8 billion in the period as the number of containers it loaded on to ships fell by 14%. Reporting by Jacob Gronholt-Pedersen, editing by Anna RingstromOur Standards: The Thomson Reuters Trust Principles.

Much as he would have liked to significantly increase supplies, Biosca-Reig said he couldn't justify investing millions of euros in new production lines unless he was paid more for the generic drug to cover sharply rising costs. European generic drugmakers say the tender system and regulated prices have fuelled a race to the bottom, and European firms are being undercut by suppliers from Asia. BRUSSELS, WE HAVE A PROBLEMThe European Medicines Agency (EMA) and European Union lawmakers acknowledge there is a problem. Half the generic medicines sold in Spain are priced below 1.60 euros per box or bottle, the country's generics manufacturing association said. But companies with smaller market shares, such as Israel's Teva (TEVA.TA), which has 5% of the region's amoxicillin market according to Medicines for Europe, are constrained.

☆ Carlsberg expects lower beer consumption to hit 2023 growth
▼ + stars: | 2023-02-07 | by ( ) www.reuters.com time to read: +1 min

COPENHAGEN, Feb 7 (Reuters) - Danish brewer Carlsberg (CARLb.CO) on Tuesday forecast organic operating profit growth in 2023 below last year's level as higher beer prices are expected to dent consumption. The world's third-biggest brewer expects organic operating profit this year to change by between minus 5% and plus 5%, compared with 12% growth last year. "While beer historically has been a resilient consumer category, the higher prices in combination with generally high inflation may have a negative impact on beer consumption in some of our markets, particularly in Europe," he said. Carlsberg said sales in the fourth quarter rose 6% from a year earlier to 14.6 billion Danish crowns ($2.11 billion), against 14.7 billion crowns estimated by analysts in a poll provided by the company. ($1 = 6.9344 Danish crowns)Reporting by Jacob Gronholt-Pedersen, editing by Terje SolsvikOur Standards: The Thomson Reuters Trust Principles.

☆ Thousands of Danes protest cancelling of public holiday
▼ + stars: | 2023-02-05 | by ( Johannes Birkebaek | ) www.reuters.com time to read: +2 min

[1/3] People take part in a protest outside of Danish Parliament building in Copenhagen, Denmark, February 5, 2023. REUTERS/Johannes BirkebaekCOPENHAGEN, Feb 5 (Reuters) - Thousands of people gathered in Copenhagen on Sunday to protest a bill put forward by the government to scrap a public holiday to help finance increased defence spending. Unions organising the protest estimated at least 50,000 people took part, which would make it Denmark's biggest demonstration in more than a decade. The government has proposed moving forward by three years to 2030 a goal of meeting a NATO defence spending target of 2% of GDP. It says most of the extra 4.5 billion Danish crowns ($654 million) needed to meet the target could be covered by the higher tax revenues it anticipates from abolishing the holiday.

☆ Danish Crown says Chinese pork demand subdued, set to cut 550 jobs
▼ + stars: | 2023-01-30 | by ( Jacob Gronholt-Pedersen | ) www.reuters.com time to read: +2 min

Chinese pork demand is weak despite relaxation of the country's COVID policies as many people continue to avoid restaurants, said Jais Valeur, the head of Europe's biggest pork producer. "Right now I don't see any signs that Chinese imports are on the rise," Valeur told Reuters in an interview, adding that the Chinese market would probably normalize within six months. Slow Chinese demand has a knock-on effect on the European market. The outbreak of African swine fever in some European countries, including Germany, prompted producers in Spain to boost output aimed at the Chinese market. "All that meat is now flooding the European market, where consumers are now coping with inflation and are worried about the future," Valeur said.

☆ Top container shippers Maersk, MSC to end alliance from 2025
▼ + stars: | 2023-01-25 | by ( Jacob Gronholt-Pedersen | ) www.reuters.com time to read: +2 min

COPENHAGEN, Jan 25 (Reuters) - Denmark's Maersk (MAERSKb.CO) and Swiss-based MSC, the world's largest container shipping companies, said on Wednesday they had agreed to end a vessel sharing alliance in January 2025, allowing them to pursue individual strategies. Both companies saw the alliance as a way to manage more capacity after purchasing new mega-ships. "Today, we have a much different strategy, where we more look at how to integrate container shipping at sea with our land-based logistics business," Maersk's head of ocean shipping Johan Sigsgaard told Reuters in an interview. Maersk expects to be able to deliver ocean shipping at the same scale when the partnership with MSC ends without rising the cost of moving each container at sea, Sigsgaard said. MSC, privately owned by the Aponte family, overtook Maersk as the world's biggest container in 2021.

☆ Per Pedersen Aimed to Change the Face of Advertising
▼ + stars: | 2023-01-12 | by ( James R. Hagerty | ) www.wsj.com time to read: 1 min

Per Pedersen spent most of his career at Grey, an advertising unit of WPP, before launching his by The Network ad cooperative. Per Pedersen ‘s death on Jan. 4, of cancer at age 58, cut short his leadership of an experiment aimed at changing the face of advertising. Mr. Pedersen, a Dane who spent most of his career at Grey, an advertising unit of the global WPP PLC, believed that giant companies were stifling creativity and failing to attract or retain free spirits with fresh ideas. In 2020, he founded a cooperative—known as by The Network—to help small independently owned agencies around the world collaborate. It serves 34 agencies, employing a total of about 750 people, in more than 30 countries.

☆ Hackers hit websites of Danish central bank, other banks
▼ + stars: | 2023-01-10 | by ( ) www.reuters.com time to read: +1 min

COPENHAGEN, Jan 10 (Reuters) - Hackers have disrupted access to the websites of Denmark's central bank and seven private banks in the country this week, according to the central bank and an IT firm that serves the industry. The websites of the central bank and Bankdata, a company that develops IT solutions for the financial industry, were hit by so-called distributed denials of service (DDoS), which direct traffic towards targeted servers in a bid to knock them offline. A spokesperson for the central bank said its website was working normally on Tuesday afternoon and the attack did not impact the bank's other systems or day-to-day operations. Access to the websites of seven private banks was briefly restricted on Tuesday after the DDoS attack on Bankdata, a company spokesperson said. The banks included two of Denmark's largest, Jyske Bank (JYSK.CO) and Sydbank (SYDB.CO), he said.

☆ Crumbling tech stocks and recession fears have cratered the fortunes of the wealthiest Americans including Elon Musk and Jeff Bezos.
▼ + stars: | 2022-12-29 | by ( Phil Rosen | ) www.businessinsider.com time to read: +6 min

Britta Pedersen-Pool/Getty Images; Arif Hudaverdi Yaman/Getty Images; KENZO TRIBOUILLARD/Getty Images; Mike Cohen/Getty Images; Yuqing Liu/Business Insider1. Besides the fallen crypto king, many of these shrinking fortunes can be chalked up to this year's bloodbath in the tech stocks. How has Elon Musk's involvement with Twitter impacted your outlook for Tesla stock? Tesla stock price on December, 29, 2022 Markets Insider10. Tesla stock climbed Wednesday as dip-buyers poured into the EV maker.

☆ Ukrainian Americans see Zelenskiy visit as promising sign, urge more U.S. support
▼ + stars: | 2022-12-22 | by ( Kanishka Singh | ) www.reuters.com time to read: +2 min

WASHINGTON, Dec 21 (Reuters) - Ukrainian Americans in Washington saw President Volodymyr Zelenskiy's U.S. visit as a promising sign that displayed strong relations between the countries but also urged more American assistance to defend against the Russian invasion. The group called "U.S. Ukrainian Activists" then headed to the U.S. Capitol for Zelenskiy's address to the Congress. Since Russia's invasion of Ukraine, America has committed about $21.2 billion in military assistance to Kyiv. "In the long term, helping Ukraine will enable the U.S. to preserve national security," Catherine Pedersen, a board member of the U.S. Ukrainian Activists group, told Reuters. Had the U.S. provided the assistance sooner, more lives could have been saved," Durbak said, adding that Zelenskiy's trip could help make a case for more aid.

☆ Denmark's central bank raises key interest rate to 1.75%
▼ + stars: | 2022-12-15 | by ( ) www.reuters.com time to read: +1 min

COPENHAGEN, Dec 15 (Reuters) - Denmark's central bank raised its key interest rate by 50 basis points to 1.75% on Thursday, following a rate hike earlier in the day by the European Central Bank. Denmark, the first country in the world to impose negative rates in 2012, broke with a decade-long experiment of negative interest rates in September when it lifted its key rate into positive territory. "The interest rate increase is a consequence of the increase by the European Central Bank of its main monetary policy rate," the central bank said in a statement. Earlier on Thursday, the ECB raised its benchmark deposit rate by 50 basis points to 2% and signalled further tightening. Denmark's current account rate, which is the benchmark rate, and the certificate of deposit rate were each raised by 50 basis points from 1.25% to 1.75%, the highest level since 2009.

☆ Meta halts construction of two data centres in Denmark
▼ + stars: | 2022-12-15 | by ( ) www.reuters.com time to read: +1 min

Facebook-owner Meta already has two large data centres in Odense, but only one of the three other centres currently under development there will be completed. Last month, Meta said it would cut 11,000 jobs, the first in the company's 18-year history, after disappointing results in several quarters. The company's traditional data centres house servers for apps such as Facebook and Instagram. But the calculations needed for AI require a new generation of data centres, Münster said. Construction on the two halted data centres in Odense began in August.

☆ Danish PM picks right-leaning rivals as key ministers in new government
▼ + stars: | 2022-12-15 | by ( ) www.reuters.com time to read: +1 min

COPENHAGEN, Dec 15 (Reuters) - Denmark's Social Democratic Prime Minister Mette Frederiksen on Thursday appointed right-leaning political rivals as key ministers in her new reform-oriented bipartisan government. Opposition leader Jakob Ellemann-Jensen of the Liberal Party was appointed deputy prime minister and defence minister, while former prime minister and leader of the newly formed Moderates party, Lars Lokke Rasmussen, was appointed foreign minister. Nicolai Wammen of the Social Democratic Party retained his role as finance minister. Outgoing climate minister Dan Jorgensen will now head a new ministry for development cooperation and global climate policy. Reporting by Jacob Gronholt-Pedersen and Nikolaj Skydsgaard; Editing by Frank Jack Daniel and Tomasz JanowskiOur Standards: The Thomson Reuters Trust Principles.

SummarySummary Companies Maersk needed 'new energy' in CEO position - chairmanClerc takes over as shipping boom comes to an endImportant to keep costs down amid high growth - ClercCOPENHAGEN, Dec 12 (Reuters) - A.P. Moller-Maersk (MAERSKb.CO) said on Monday it had appointed company veteran Vincent Clerc as its new chief executive to lead the shipping giant through a period of slowing container demand. "The strong tail winds that benefited the supply chain industries during the pandemic are coming to an end," Maersk Chairman Robert Maersk Uggla told a press conference at the company's headquarters in Copenhagen. Shares in Maersk have roughly doubled since Skou took over as CEO in 2016. Copenhagen-based Maersk is one of the world's biggest shipping and logistics companies, handling supply chains for large customers like Walmart and Nike.

☆ World Cup quarterfinals: Morocco on the verge of history against Portugal as Kylian Mbappé’s France face England
▼ + stars: | 2022-12-09 | by ( Alasdair Howorth | ) edition.cnn.com time to read: +7 min

The Moroccans have become the darlings of the World Cup. At the first “Arab” World Cup, they became the first Arab nation to qualify for the quarterfinals of the World Cup and, as the first African side to qualify for the quarterfinals in over a decade, they represent so much more than just their own nation. Born in Madrid, Achraf Hakimi scored the goal to knock Spain out of the World Cup. No team has scored more than Portugal’s 12 at the World Cup, but will the unstoppable Portugal be able to beat the immovable Morocco? Mbappé has already surpassed Cristiano Ronalo's World Cup goal scoring record and is level with Lionel Messi on nine.

☆ Oldest DNA sheds light on a 2 million-year-old ecosystem that has no modern parallel
▼ + stars: | 2022-12-07 | by ( Katie Hunt | ) edition.cnn.com time to read: +6 min

CNN —A core of ice age sediment from northern Greenland has yielded the world’s oldest sequences of DNA. They then compared the DNA fragments with existing libraries of DNA collected from both extinct and living animals, plants and microorganisms. It was super exciting when we recovered the DNA (to see) that very, very different ecosystem. They found no DNA from carnivores but believe predators — such as bears, wolves or even saber-toothed tigers — must have been present in the ecosystem. Further study of environmental DNA from this time period could help scientists understand how various organisms might adapt to climate change.

☆ Energy efficiency rate accelerates amid high prices - IEA
▼ + stars: | 2022-12-02 | by ( ) www.reuters.com time to read: +1 min

COPENHAGEN, Dec 2 (Reuters) - Global progress toward energy efficiency has accelerated this year as a result of high energy prices and disruptions to fuel supply but still not enough to meet climate change targets, the International Energy Agency (IEA) said on Friday. The Paris-based watchdog has called for governments to prioritize efforts to improve energy efficiency in buildings and transport, as ambitions to reduce emissions and curb rising temperatures cannot be met by only focusing on building out renewable energy. "The oil shocks of the 1970s led to a massive push by governments on energy efficiency, resulting in substantial improvements in the energy efficiency of cars, appliances and buildings," IEA head Fatih Birol said in a statement. "Amid today's energy crisis, we are seeing signs that energy efficiency is once again being prioritised," he said. Preliminary data indicate that global investments in energy efficiency such as heat pumps and building insulation will increase 16% this year to $560 billion, according to IEA.

☆ Stéphanie Frappart to make history as the first woman to referee a men’s World Cup match
▼ + stars: | 2022-11-30 | by ( Issy Ronald | ) edition.cnn.com time to read: +7 min

But Stéphanie Frappart’s traditional anonymity has been broken for a different reason – she will make history on Thursday as the first woman to referee a men’s World Cup match. FIFA announced their appointment back in May, when Frappart found out that she was going to the 2022 Qatar World Cup. “It’s a surprise, you cannot believe it and after two or three minutes, you realize that you are going to the World Cup. Mukasanga and Yamashita have also been the fourth official at two and four games of this World Cup respectively. I don’t know how life is there but I didn’t make the decision to go there or to organize the World Cup,” Frappart says.

☆ Reactions to Apple supplier Foxconn's labour unrest
▼ + stars: | 2022-11-29 | by ( ) www.reuters.com time to read: +2 min

Nov 29 (Reuters) - Thousands of employees at Foxconn's (2317.TW) flagship iPhone plant in China have quit since last week, as the major Apple (AAPL.O) supplier battles the latest bout of labour unrest that began in late October due to strict zero-COVID policy. "We see that in these times of unrest, Apple needs to intensify its dialogue with Foxconn management, and if possible Chinese authorities, to communicate in strong terms what its policy expectations are around labour rights, and find solutions to stabilise the situation." As a first step, we have contacted Apple to understand how management views and addresses the on-going situation and what measures they are taking." JANNE WERNING, HEAD OF ESG CAPITAL MARKETS & STEWARDSHIP AT UNION INVESTMENT"This shows the importance of labour standards in the supply chain. We expect Apple, as one of the main buyers, to reassert its influence at Foxconn.

☆ Maersk, IBM discontinue shipping blockchain platform
▼ + stars: | 2022-11-29 | by ( ) www.reuters.com time to read: 1 min

COPENHAGEN, Nov 29 (Reuters) - Shipping company Maersk (MAERSKb.CO) said on Tuesday it would discontinue a blockchain platform announced in 2018 in partnership with IBM (IBM.N) with the aim of limiting the industry's costly paper trail. The platform called TradeLens will be phased out by the end of March next year, Maersk said. "While we successfully developed a viable platform, the need for full global industry collaboration has not been achieved," the company said in a statement. Reporting by Jacob Gronholt-Pedersen; editing by David EvansOur Standards: The Thomson Reuters Trust Principles.

☆ Qatar World Cup: 'Our dreams never came true.' These men helped build Qatar's tournament, now they are struggling to survive.
▼ + stars: | 2022-11-17 | by ( Aimee Lewis Pramod Acharya Sugam Pokharel | Aimee Lewis | Pramod Acharya | ) edition.cnn.com time to read: +31 min

It will be a historic event, the first World Cup to be held in the Middle East, but one also mired in controversy. He had dreamed of watching World Cup matches from the rooftop of the hotel he had helped build. In Qatar, migrant workers can now change jobs freely without permission from their employer. However, a number of European federations have issued a joint statement saying they would campaign at the tournament on human rights and for a migrant workers center and a compensation fund for migrant workers. The motto for Qatar’s bid team in 2010 was ‘Expect Amazing.’ In many ways, this year’s World Cup has replicated that maxim.

Over recent years, NATO allies and Russia have scaled up military exercises in the region; Chinese and Russian warships conducted a joint exercise in the Bering Sea in September. Four Arctic experts say it would take the West at least 10 years to catch up with Russia's military in the region, if it chose to do so. "NATO is increasing its presence in the Arctic with more modern capabilities," NATO chief Jens Stoltenberg told Reuters. Now NATO and Arctic allies are changing their stance. Sweden and Finland have begun investing in surveillance and deterrence capabilities and military hardware including jets so their air forces can fight alongside Arctic NATO allies.

The main active ingredient in Ozempic is semaglutide, which is also the key ingredient in Novo's obesity drug Wegovy. Several less efficacious obesity drugs from multiple drugmakers have previously been approved, but bungled launches and serious side effects led to tepid sales and even some market withdrawals. Novo faces looming competition from Eli Lilly (LLY.N), whose weekly injection Mounjaro won U.S. approval for type 2 diabetes in May and is under fast-track review as a weight-loss drug. Amgen (AMGN.O) also has an early-stage, once-monthly obesity drug that is being keenly watched. Elon Musk, the world's richest person and now Twitter owner, has offered his own endorsement of the weight-loss benefits of semaglutide on the social media website.

☆ Denmark's PM to explore broad coalition after narrow election win
▼ + stars: | 2022-11-02 | by ( ) www.reuters.com time to read: +2 min

COPENHAGEN, Nov 2 (Reuters) - Denmark's Social Democratic Prime Minister Mette Frederiksen, who narrowly won Tuesday's general election, handed in her resignation on Wednesday and said she would begin exploring a coalition across the political middle. The prime minister had campaigned on the need for a broad coalition across the traditional left-right divide, arguing that unity is needed at a time of international uncertainty. The talks are expected to be lengthy as both friends and foes of Frederiksen have expressed scepticism about such a coalition, making the outcome uncertain. The left-leaning bloc, which includes the Social Democratic party, won 90 seats, the slimmest possible majority in the 179-seat parliament, while the right-wing bloc won 73 seats and a newly formed centrist party secured 16. Frederiksen could begin negotiations with former prime minister Lars Lokke Rasmussen and his new non-aligned centrist party, the Moderates, which have also campaigned for a coalition of mainstream parties.

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