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☆ Former Danish PM Rasmussen set to become king-maker in election -exit poll
▼ + stars: | 2022-11-01 | by ( ) www.reuters.com time to read: +2 min

COPENHAGEN, Nov 1 (Reuters) - Former prime minister Lars Lokke Rasmussen looked set to become the king-maker after Denmark's election on Tuesday in which neither the ruling left nor right-wing opposition looked set to win a majority in parliament, according to an exit poll. It indicated that Rasmussen's new Moderates party, founded only four months ago, stood to become the fourth biggest in parliament with 17 seats. The right-wing opposition appeared on course for 73 seats, and could thus also form a government with Rasmussen's mandate. The Liberals, Rasmussen's ex-party and the main opposition, looked set to win only 24 seats, down from 43 previously. Frederiksen campaigned for a broad coalition across the political middle, arguing that political unity is needed at a time of international uncertainty.

"Brazil is ready to retake its leadership in the fight against the climate crisis," Lula told a crowd of supporters in Sao Paulo. Silva said that Brazil would demand rich countries provide financing to poor countries to respond to climate change and give compensation for permanent "loss and damage" from climate change. Under Lula, Brazil will also discuss expanding its national targets for cutting climate-related emissions, said Silva, his former environment minister from 2003 to 2008. The firm, with roughly 237 billion euros ($234 billion) in assets under management, only owned about 100 million euros in Brazilian sovereign bonds when the prohibition took effect. Environmental advocates also cheered Lula's proposals for the Amazon, but cautioned that his agenda would face enormous political resistance.

☆ Denmark's central bank raises key rate to highest level in 13 years
▼ + stars: | 2022-10-27 | by ( Huw Jones | ) www.reuters.com time to read: +2 min

COPENHAGEN, Oct 27 (Reuters) - Denmark's central bank raised its key interest rate by 0.60 percentage points to 1.25% on Thursday to its highest level in thirteen years, following a rate hike earlier in the day by the European Central Bank. "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. Denmark's move puts its main interest rate at its highest level since August 2009. Normally, the central bank follows the ECB's rate moves, but this time it raised rates less, Danske Bank chief economist Las Olsen said in a note. "This time they have chosen a slightly smaller interest rate increase because they actually want a slightly weaker crown," Olsen added.

☆ Carlsberg lifts 2022 profit outlook; shares trim losses
▼ + stars: | 2022-10-26 | by ( ) www.reuters.com time to read: +2 min

COPENHAGEN, Oct 26 (Reuters) - Danish brewer Carlsberg (CARLb.CO) on Wednesday reported third-quarter sales broadly in line with expectations and lifted its profit forecast for the year despite weakening consumer sentiment. Sales in Asia grew 19% in the period, with volumes up 10%, but the firm cautioned that the outlook remained uncertain. Carlsberg's shares were down 2.5% at 1222 GMT, recouping much of its losses in early trading on the weak Heineken outlook. It also increased its share buy-back programme for the fourth quarter to 1.5 billion crowns from 1 billion crowns in the third quarter. The firm, which released the numbers one day earlier than planned, does not provide earnings in its third-quarter trading statements.

☆ Chip shortage forces temporary closure of Volvo Cars factory - GP
▼ + stars: | 2022-10-25 | by ( ) www.reuters.com time to read: 1 min

STOCKHOLM, Oct 25 (Reuters) - Swedish automaker Volvo Cars (VOLCARb.ST) will temporary close one of its factories due to a chip shortage, the company told newspaper Goteborgs-Posten on Tuesday. "There will be a temporary break in production," Merhawit Habte, press spokesperson at Volvo Cars told GP, adding the factory will be closed for one week. "It is the ongoing problem with semiconductor shortages." Volvo said last month that demand remained good, but the component shortages as well as power cuts and COVID-19 outbreaks in China interrupted output. Reporting by Johan Ahlander; Editing by Jacob Gronholt-PedersenOur Standards: The Thomson Reuters Trust Principles.

FILE PHOTO - Maersk CEO Soren Skou answers questions from the press after publishing the company's quarterly accounts, in Copenhagen, Denmark, November 2, 2021. Moller-Maersk's (MAERSKb.CO) chief executive said on Thursday he expects a "modest" pick-up in trade for the upcoming holidays this year amid concerns about the slowing global economy and consumer demand. "Volumes headed into the Christmas season are lower than a normal year," Soren Skou said in a Reuters Newsmaker interview. Ocean freight volumes will be flat or lower this year, though there is still congestion in global supply chains, he said. Maersk has raised its 2022 profit guidance twice this year as high freight rates persisted longer than expected.

☆ More than half the gas has left damaged Nord Stream pipelines - Danish Energy Agency head
▼ + stars: | 2022-09-28 | by ( ) www.reuters.com time to read: +1 min

COPENHAGEN, Sept 28 (Reuters) - More than half the gas in the damaged Nord Stream 1 and Nord Stream 2 gas pipelines has left the pipes and the remaining volume is expected to be gone by Sunday, the head of the Danish Energy Agency Kristoffer Bottzauw said on Wednesday. Leaks in the pipelines were detected on Monday after they burst in several locations in Danish and Swedish waters. The European Union and NATO have blamed the incidents on sabotage. The pipelines contained a total of 778 million cubic metres of natural gas, which corresponds to 32% of Denmark's annual CO2 equivalent emissions, the Energy Agency said in a statement. Register now for FREE unlimited access to Reuters.com RegisterReporting by Jacob Gronholt-Pedersen and Nikolaj Skydsgaard, editing by Terje Solsvik and Stine JacobsenOur Standards: The Thomson Reuters Trust Principles.

☆ Nord Stream leaks caused by deliberate actions, Denmark's prime minister says
▼ + stars: | 2022-09-27 | by ( ) www.reuters.com time to read: +2 min

Danish Minster of Defense Morten Boedskov, Prime Minister Mette Frederiksen, Climate Minister Dan Joergensen and Minister of Foreign Affairs Jeppe Kofod speak to the media about the three gas leaks on the Nord Stream gas pipelines in the Baltic Sea, in Copenhagen, Denmark September 27, 2022. Scanpix 2022/Emil Helms via REUTERSCOPENHAGEN, Sept 27 (Reuters) - Leaks detected in the Nord Stream gas pipelines clearly were caused by deliberate actions and could not have been a result of accidents, Denmark's Prime Minister Mette Frederiksen said on Tuesday. It was not an accident," Mette Frederiksen said at a press briefing in Copenhagen. The leaks, first reported on Monday, were in international waters but inside Denmark's and Sweden's exclusive economic zone. Danish authorities assess that the damage was caused by blasts, Energy Minister Dan Jorgensen said at the briefing.

☆ Denmark to offer energy price support despite central bank warning
▼ + stars: | 2022-09-23 | by ( ) www.reuters.com time to read: +1 min

Register now for FREE unlimited access to Reuters.com RegisterCOPENHAGEN, Sept 23 (Reuters) - Danish lawmakers on Friday agreed an economic aid package worth 5.05 billion Danish crowns ($664 million) to soften the blow from rocketing energy prices, going against a warning from the central bank. The package included a cut to a levy on power prices and cash handouts to families with young children. Register now for FREE unlimited access to Reuters.com RegisterThe central bank this week warned against cushioning against higher energy prices by cutting levies, since that would result in even higher prices and discourage energy saving. Denmark has previously agreed to provide cash handouts to the elderly and has capped annual rent increases for the next two years to help struggling households. read more($1 = 7.6077 Danish crowns)Register now for FREE unlimited access to Reuters.com RegisterReporting by Jacob Gronholt-Pedersen and Nikolaj Skydsgaard, writing by Stine Jacobsen, editing by Terje Solsvik and Jason NeelyOur Standards: The Thomson Reuters Trust Principles.

REUTERS/Alexander Manzyuk//File PhotoSummary Registry by NGOs Carbon Tracker, Global Energy MonitorFirst global registry of world's fossil fuel assetsShows burning all known reserves would blow CO2 targetsLONDON, Sept 19 (Reuters) - Carbon Tracker and Global Energy Monitor said on Monday they had launched the first global registry of oil and gas reserves, production and emissions with data for more than 50,000 fields. It could also help activists in their efforts to pressure producers or governments to cut fossil fuel output. The Global Registry of Fossil Fuels contains data for fields in 89 countries, covering 75% of global production the non-governmental organisations which developed it said. While there is little doubt that much of the world's oil and gas reserves will have to stay underground to avoid a dramatic worsening of the climate, the registry has put a number on this. It is not straightforward to calculate the life-cycle emissions of a unit of oil, gas or coal, often relying on calculations rather than measurements which can differ widely.

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