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Yemen Oil Tanker at Risk: An Operation to Avert a Massive Spill A team of international experts has launched an effort to transfer more than one million barrels of oil from an abandoned tanker before it spills off Yemen’s Red Sea coast. WSJ’s Sune Rasmussen explains what’s at stake in this high-risk operation. Photo: Yahya Arhab/Zuma Press
Persons: WSJ’s Sune Rasmussen, what’s, Yahya Arhab Organizations: Yemen Oil, Zuma Locations: Yemen
Protesters burn Koran in front of Egyptian embassy in Denmark
  + stars: | 2023-07-25 | by ( ) www.reuters.com   time to read: +1 min
COPENHAGEN, July 25 (Reuters) - Five anti-Islam activists set fire to a Koran in front of the Egyptian embassy in Copenhagen on Tuesday, the third such incident in Denmark in less than a week, following Koran burnings in nearby Sweden that enraged Muslims. Denmark and Sweden have said they deplore the burning of the Koran but cannot prevent it under rules protecting free speech. Last week, protesters in Iraq set the Swedish embassy in Baghdad ablaze. Tuesday's demonstration in Copenhagen by a group called "Danish Patriots" followed Koran burnings the group staged on Monday and last week in front of the Iraqi embassy. Iraq's foreign ministry on Monday called on authorities of European Union countries to "quickly reconsider so-called freedom of expression and the right to demonstrate" in light of the Koran burnings.
Persons: Trine Baumbach, Louise Breusch Rasmussen, Terje Solsvik Organizations: Patriots, European Union, Islam, University of Copenhagen, Reuters, Thomson Locations: COPENHAGEN, Copenhagen, Denmark, Sweden, Iraq, Swedish, Baghdad, European, Turkey
On July 16, 1945, at 5:29 a.m., the world's first nuclear weapon test was conducted in New Mexico. A photo made by a US Army automatic newsreel camera showing the test explosion of the world's first atomic bomb. An aerial view of the aftermath of the explosion at Trinity Test Site, New Mexico, July 16, 1945. The massive explosion of Oppenheimer's Trinity test was first explained away as an ammo dump explosion. Asked to describe his reaction to seeing the explosion, Oppenheimer quoted a verse from the Bhagavad Gita, a Hindu devotional text.
Persons: J, Robert Oppenheimer, Robert Oppenheimer —, Christopher Nolan's, , Arthur Compton, Compton, Oppenheimer, Nolan, It's, Elsie McMillan, Edwin McMillan, Gadget, John Donne, Eddie Adams, Sam Allison, Marvin Wilkening, Brig, Thomas F, Farrell, William Spindel, I'm, Roger Rasmussen, Trinity Organizations: Manhattan Project, Service, Scientific, Manhattan, Hollywood, Atomic Heritage Foundation, Trinity, Institute for, Study, AP, US Army, Clovis, National Security Research Locations: New Mexico, Wall, Silicon, Socorro , New Mexico, Princeton , New Jersey, Gen
Norway government ministries hit by cyber attack
  + stars: | 2023-07-24 | by ( ) www.reuters.com   time to read: +1 min
OSLO, July 24 (Reuters) - Twelve Norwegian government ministries have been hit by a cyber attack, the Norwegian government said on Monday, the latest attack to hit the public sector of Europe's largest gas supplier and NATO's northernmost member. That weakness has now been shut," Erik Hope, head of the government agency in charge of providing services to ministries, told a news conference. The attack was identified due to "unusual" traffic on the supplier's platform, Hope said, declining to provide specifics. Norway is Europe's largest gas supplier after a drop in Russian gas flows and Western Europe's largest oil exporter. Norway's state sector has been hit by cyber attacks previously, including in June 2022, when a so-called distributed denial-of-service (DDoS) attack took place, blamed on a "criminal pro-Russian group".
Persons: Erik Hope, Hope, Gwladys Fouche, Louise Rasmussen, Terje Solsvik Organizations: NATO, Thomson Locations: OSLO, Norwegian, Norway, Norway's, Russia, Ukraine
Two protesters burn Koran in front of Iraqi embassy in Denmark
  + stars: | 2023-07-24 | by ( ) www.reuters.com   time to read: +1 min
[1/2] Protesters from the "Danish Patriots" demonstrate in front of the Iraqi embassy in Copenhagen, Denmark July 24, 2023 Ritzau Scanpix/Thomas Sjoerup/via REUTERSCOPENHAGEN, July 24 (Reuters) - Two protesters set fire to a copy of the Koran, Islam's holy book, in front of the Iraqi embassy in the Danish capital on Monday, risking a further deterioration of relations between the two countries. Protests have raged across Iran and Iraq after Denmark and Sweden allowed the burning of the Koran under rules protecting free speech. Protesters in Iraq set alight the Swedish embassy in Baghdad on Thursday. The two protesters were from a group that calls itself "Danish Patriots", which held a similar demonstration last week and livestreamed the events on Facebook. The organiser of Monday's demonstration in Copenhagen stomped on the Koran and set it alight in a tin foil tray next to the Iraqi flag on the ground.
Persons: Ritzau Scanpix, Thomas Sjoerup, Ayatollah Ali Khamenei, Louise Breusch Rasmussen, Terje Solsvik, Nick Macfie Organizations: Danish Patriots, REUTERS, Protesters, Facebook, Nordic, Iranian, Thomson Locations: Copenhagen, Denmark, REUTERS COPENHAGEN, Iran, Iraq, Sweden, Baghdad, Copenhagen stomped
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Persons: Dow Jones
Sweden temporarily moves Iraq embassy staff after storming
  + stars: | 2023-07-21 | by ( ) www.reuters.com   time to read: +1 min
REUTERS/Emilie MadiSTOCKHOLM, July 21 (Reuters) - Seconded staff and operations at the Swedish embassy in Baghdad have been relocated temporarily to Stockholm for security reasons after it was stormed by protesters, the Swedish Foreign Ministry said on Friday. Iraq expelled the Swedish ambassador on Thursday in protest at a planned burning of the Koran in Stockholm that had prompted hundreds of protesters to attack and vandalise the embassy in the Iraqi capital. A Sweden foreign ministry spokesperson said on Friday that the staff and operations would temporarily move to Stockholm for security reasons but declined to give further comment. "What has happened is completely unacceptable and the government strongly condemns these attacks," Foreign Minister Tobias Billstrom said in a statement on Thursday. Reporting by Louise Breusch Rasmussen in Copenhagen and Johan Ahlander in Stockholm, editing by Anna RingstromOur Standards: The Thomson Reuters Trust Principles.
Persons: Emilie Madi STOCKHOLM, Tobias Billstrom, Louise Breusch Rasmussen, Johan Ahlander, Anna Ringstrom Organizations: REUTERS, Swedish Foreign, Iraq, Thomson Locations: Sweden, Beirut’s, Lebanon, Swedish, Baghdad, Stockholm, Copenhagen
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Persons: Dow Jones Locations: iraq
[1/2] Interiors of Electrolux R&D facility are pictured at their plant in Pordenone, Italy, March 27, 2019. REUTERS/ Giulio PiovaccariSTOCKHOLM, July 20 (Reuters) - Electrolux (ELUXb.ST), Europe's biggest home appliances maker, swung to a loss in the second quarter as cash-strapped shoppers opted for cheaper products and demand from residential property builders slowed. The Swedish group said organic sales fell 8% as sales volumes shrank significantly due to continued weak demand. "Lower residential construction and remodeling activity caused significantly weaker demand within the built-in kitchen category, mainly impacting us in Europe," he said. It reported a second-quarter operating loss of 124 million crowns ($12.1 million) against a year-earlier profit of 560 million.
Persons: Giulio Piovaccari STOCKHOLM, Jonas Samuelson, Electrolux, Anna Ringstrom, Louise Breusch Rasmussen, David Evans Organizations: REUTERS, Europe's, Thomson Locations: Pordenone, Italy, Swedish, Europe
Swedish Foreign Minister Tobias Billstrom said staff at the Swedish embassy in Baghdad were safe but Iraqi authorities had failed in their responsibility to protect the embassy. Thursday's demonstration was called by supporters of Shi'ite cleric Muqtada al-Sadr to protest at the second planned Koran burning in Sweden in weeks, according to posts in a Telegram group linked to the influential cleric and other pro-Sadr media. He stood by the embassy storming on Thursday, telling a press conference the U.S. "has no right to condemn the burning of the Swedish embassy but should have condemned the burning of the Koran". "Yes, yes to the Koran," protesters chanted. Sweden has seen several Koran burnings in recent years, mostly by far-right and anti-Muslim activists.
Persons: Tobias Billstrom, Sayyed Hassan Nasrallah, Mohammed Shia Al, Billstrom, Muqtada al, Moqtada al, Read, Tayyip Erdogan, Ulf Kristersson, Timour Azhari, Anna Ringstrom, Supantha Mukherjee, Johan Ahlander, Marie, Louise Breusch Rasmussen, Ahmed Rasheed, Tom Hogue, Tom Perry, Lincoln, Bernadette Baum, William Maclean, Alison Williams, Cynthia Osterman Organizations: NATO, Sweden's Ericsson, State Department, Telegram, Turkish, Sweden's, Islam, Marie Mannes, Thomson Locations: Iraq, BAGHDAD, STOCKHOLM, Swedish, Stockholm, Baghdad, Iraqi, Sweden, Tehran, Turkey, Washington, Sadr, Copenhagen
Fashion retailer H&M to launch in Brazil
  + stars: | 2023-07-17 | by ( ) www.reuters.com   time to read: +1 min
COPENHAGEN, July 17 (Reuters) - Fashion retailer H&M (HMb.ST) will launch stores and online trade in Brazil in 2025, the company said on Monday. H&M opened its first store in Latin America in Mexico in 2012, and is currently present in Peru, Uruguay, Chile, Colombia, Ecuador, Guatemala, Panama, and Costa Rica. "With a population of over 210 million in Brazil and a strong appreciation for fashion, there is considerable potential for expansion in the market," H&M said in a statement. To support its expansion in Brazil, H&M is partnering with Dorben Group, which runs retail operations across 10 countries across Central and South America, the Swedish fashion giant said. The launch in Brazil comes as the company is pushing to accelerate its expansion in the North and South America region, focusing in particular on Latin America, it said.
Persons: Louise Breusch Rasmussen, Anna Ringstrom, Jason Neely Organizations: Dorben Group, Thomson Locations: COPENHAGEN, Brazil, America, Mexico, Peru, Uruguay, Chile, Colombia, Ecuador, Guatemala, Panama, Costa Rica, Central, South America, Swedish, North
SAINT GERVAIS, France, July 16 (Reuters) - Jonas Vingegaard and Tadej Pogacar have made such a huge impression in the Tour de France that, in a sport that was marred by doping scandals, doubts about their performances have arisen but Denmark's defending champion welcomes the scepticism. On Sunday, Pogacar and Vingegaard clocked 18:27 on the final climb, beating four-time Tour winner Chris Froome's record by 42 seconds. "So yes, I fully understand the questions we're getting about it (our performances)," said Vingegaard. In 2006, Floyd Landis became the first Tour winner to fail a drugs test during the race after testing positive for the male sex hormone testosterone. The Kazakh’s Astana team left the Tour and sacked Vinokourov, who denied any wrongdoing, and Tour leader Michael Rasmussen was then fired by his Rabobank team during the race for lying about his whereabouts in training.
Persons: SAINT GERVAIS, Jonas Vingegaard, Tadej, France's Guillaume Martin, Dane, Carlos Rodriguez, Vingegaard, Chris Froome's, Marco Pantani, Joux, it's, Lance Armstrong, Jan Ullrich, Giro, Ivan Basso, Floyd Landis, Alexandre Vinokourov, Vinokourov, Michael Rasmussen, Julien Pretot, Ken Ferris Organizations: Tour de, Slovenian, Cycling, Kazakh’s Astana, Rabobank, Thomson Locations: France, Slovenian, Puerto
Nokia misses Q2 expectations, lowers full-year guidance
  + stars: | 2023-07-14 | by ( ) www.reuters.com   time to read: +1 min
STOCKHOLM, July 14 (Reuters) - Finnish telecom gear group Nokia (NOKIA.HE) reported on Friday second-quarter sales of 5.7 billion euros ($6.4 billion), a comparable operating profit margin of 11%, and lowered its full-year outlook. Nokia said it now saw 2023 sales of 23.2-24.6 billion euros ($26.1-$27.6 billion) against 24.6-26.2 billion previously. It narrowed its comparable operating margin range outlook to 11.5-13% from 11.5-14% previously. New Nokia's logo is displayed before GSMA's 2023 ahead of the Mobile World Congress (MWC) in Barcelona, Spain February 26, 2023. ($1 = 0.8906 euros)Reporting by Anna Ringstrom, editing by Louise Rasmussen and Matt ScuffhamOur Standards: The Thomson Reuters Trust Principles.
Persons: Refinitiv, Albert Gea, Anna Ringstrom, Louise Rasmussen, Matt Scuffham Organizations: Nokia, Mobile World Congress, REUTERS, Nokia's Network Infrastructure, Mobile Networks, Thomson Locations: STOCKHOLM, Finnish, Barcelona, Spain
Nokia warns on Q2, lowers full-year results guidance
  + stars: | 2023-07-14 | by ( ) www.reuters.com   time to read: 1 min
STOCKHOLM, July 14 (Reuters) - Finnish telecom gear group Nokia (NOKIA.HE) reported on Friday preliminary second-quarter sales of 5.7 billion euros ($6.4 billion) and a comparable operating profit margin of 11%, and lowered its full-year outlook. Analysts polled by Refinitiv had estimated sales of 6.0 billion on average. Nokia said it now saw 2023 sales of 23.2-24.6 billion euros ($26.1-$27.6 billion) against 24.6-26.2 billion previously. It narrowed its comparable operating margin range outlook to 11.5-13% from 11.5-14% previously. ($1 = 0.8906 euros)Reporting by Anna Ringstrom, editing by Louise RasmussenOur Standards: The Thomson Reuters Trust Principles.
Persons: Refinitiv, Anna Ringstrom, Louise Rasmussen Organizations: Nokia, Nokia's Network Infrastructure, Mobile Networks, Thomson Locations: STOCKHOLM, Finnish
COPENHAGEN, July 14 (Reuters) - Norway's Kahoot (KAHOT.OL) has agreed to a voluntary cash offer of 17.2 billion Norwegian crowns ($1.72 billion) from the private equity business within Goldman Sachs Asset Management and a group of other investors, the company said in a statement on Friday. Goldman set up Norwegian company Kangaroo for the offer that the bank is making with General Atlantic, Kirkbi invest, Glitrafjord and others, Kahoot said in a statement. The offer sent the shares up more than 10% to 34.5 crowns, nearing the offer price of 35 crowns per share. The planned transaction was unanimously recommended by Kahoot's board, the company said. ($1 = 9.9809 Norwegian crowns)Reporting by Louise Breusch Rasmussen, editing by Essi LehtoOur Standards: The Thomson Reuters Trust Principles.
Persons: Goldman, Kahoot, Louise Breusch Rasmussen, Essi Organizations: Goldman Sachs Asset Management, General Atlantic, Thomson Locations: COPENHAGEN
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Persons: Dow Jones, biden
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNATO isn't ready to 'fully' welcome Ukraine, says former NATO policy planerRasmussen Global CEO Fabrice Pothier, formerly director of policy planning at NATO, says it isn't the case that "Ukraine is not ready to join the alliance."
Persons: planer Rasmussen, Fabrice Pothier Organizations: NATO Locations: Ukraine
[1/3] View from Reykjavik towards the area where a volcano eruption was taking place on the Reykjanes peninsula, in Iceland, July 10, 2023. REUTERS/Sigurdur DavidssonCOPENHAGEN, July 11 (Reuters) - Icelandic police have restricted access to a volcano that has been spewing out "life-threatening toxic gas pollution" since it began erupting on Monday, the department of civil protection and emergency management said. "The police, after counsel from scientists, have decided to restrict access to the eruption site due to enormous and life-threatening toxic gas pollution," the department said. "For the next hours, it is highly likely that gas will build up around the eruption site due to low wind. Those who have already undertaken the hike to the eruption site, or are already there, are strongly advised to leave the area," it said.
Persons: Louise Breusch Rasmussen, Robert Birsel Organizations: REUTERS, Residents, Facebook, Thomson Locations: Reykjavik, Iceland, COPENHAGEN
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Persons: Dow Jones Organizations: nato Locations: sweden
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Persons: Dow Jones Organizations: nato Locations: sweden
Patriot long-range air defence systems of the German Bundeswehr armed forces are deployed at Vilnius Airport ahead of the upcoming NATO Summit in Vilnius, Lithuania on July 7, 2023. "I don't think it's ready for membership in NATO," President Joe Biden told CNN in an interview airing Sunday. More than two-thirds of alliance members have banned the weapon because it has a track record for causing many civilian casualties. As for Ukraine's possible entry into NATO, the alliance said in 2008 that Kyiv eventually would become a member. "That's an issue that will cause tension and dissent, and that's not what the Vilnius summit is all about," he said.
Persons: NATO's, Joe Biden, Donald Trump, Biden, Douglas Lute, Barack Obama, Vladimir Putin, Wagner, Lute, Mitch McConnell, Putin, Daniel Fried, Volodymyr Zelenskyy, Recep Tayyip Erdogan, Finland, Erdogan, It's, Anders Fogh Rasmussen, Max Bergmann, They've, Bergmann, Viktor Orban, Idaho Sen, Jim Risch, aren't, Risch, I'm, we've, Jens Stoltenberg, who's, Mette Frederiksen, Stoltenberg, Rasmussen, Skip Davis, that's Organizations: German Bundeswehr, Vilnius Airport, NATO Summit, NATO, CNN, Republican, Kentucky, Associated Press, Putin, Atlantic Council, Ukraine, State Department, Center for Strategic, International Studies, Senate Foreign Relations, Danish, Center for Locations: German, Vilnius, Lithuania, Russian, Ukraine, Sweden, Eastern Europe, United States, Israel, Moscow, Finland, U.S, Russia, Kyiv, Poland, Estonia, Latvia, Czech Republic, Turkey, Stockholm, Idaho, Hungary, Baltic, Norwegian, Danish
Coloplast buys fish skin woundcare firm for up to $1.3 billion
  + stars: | 2023-07-07 | by ( ) www.reuters.com   time to read: +1 min
COPENHAGEN, July 7 (Reuters) - Coloplast (COLOb.CO) has agreed to buy Iceland-based Kerecis, a biologic wound care firm that uses fish skin to develop tissue-transplant products, for up to $1.3 billion, the Danish medical equipment maker said on Friday. "Kerecis represents an attractive opportunity to strategically strengthen Coloplast's presence in the advanced wound care market by entering the high-growth, U.S.-centric biologics segment," the Danish firm said in a statement. Coloplast said it expected the acquisition to be marginally dilutive to earnings in the short term but increasingly accretive from 2026-2027 onwards. As a result of the deal, Coloplast raised its long-term organic growth guidance to 8-10% from 7-9% previously, it said. Kerecis has developed and patented a technology platform based on intact fish skin from wild Atlantic cod, which is being used to treat burns and other complex acute and chronic wounds including diabetic, venous, trauma, and surgical wounds.
Persons: Coloplast, Kerecis, Louise Breusch Rasmussen, Anna Ringstrom, Mark Potter Organizations: Thomson Locations: COPENHAGEN, Iceland, Danish, U.S
Norwegian Air to buy regional peer Wideroe for $106 mln
  + stars: | 2023-07-06 | by ( ) www.reuters.com   time to read: +1 min
OSLO, July 6 (Reuters) - Norwegian Air (NAS.OL) has agreed to buy domestic peer Wideroe for 1.13 billion crowns ($106 million) as the reborn airline looks to strengthen its position in its home region. "The transaction is expected to provide significant benefits for travellers, employees and shareholders, and to strengthen the combined Norwegian and Wideroe as a key part of critical domestic infrastructure," Norwegian Air said in a statement. An important part of the regional infrastructure, Wideroe owns 40 Bombardier Dash 8 aircraft, and three Embraer E190-E2 jets, with seat numbers in each plane ranging from 39 to 110. The deal comes only two years after Norwegian Air emerged from bankruptcy protection with a smaller fleet and its debt almost wiped out, having raised cash. Norwegian Air said the two carriers had very limited overlap on routes, and it saw potential annual synergies from the acquisition of 200-300 million crowns ($18.8-28.2 million).
Persons: Privately, Wideroe, Louise Breusch Rasmussen, Anna Ringstrom, Mark Potter Organizations: Bombardier Dash, Embraer, Norwegian Air, Boeing, Victoria, Thomson Locations: OSLO, Norwegian, Scandinavia's
Tomb Raider games group Embracer raises $182 mln in share issue
  + stars: | 2023-07-06 | by ( ) www.reuters.com   time to read: +1 min
STOCKHOLM, July 6 (Reuters) - Sweden's Embracer (EMBRACb.ST) has raised 2 billion crowns ($182 million) in a share issue directed at institutional investors, the gaming group said on Thursday, after last month flagging a need to cut investments and costs. It issued 80,000 new shares at a subscription price of 25 crowns per share, it said in a statement, sending its shares down 13%. "The proceeds from this share issue will further strengthen our financial position, improving both financing cost and our operational flexibility, and enabling us to focus on the key aspects of the program," it said. Trading was heavy, with hourly volume running at over 9 million shares, the second-highest on record after May 24's hourly rate of over 10 million, Refinitiv Eikon data showed. Embracer, which last year bought several development studios and the intellectual property rights to a number of games including a new Tomb Raider game, announced plans for the share issue late on Wednesday.
Persons: Anna Ringstrom, Louise Rasmussen, Jason Neely Organizations: Thomson Locations: STOCKHOLM, Embracer
REUTERS/Claudia GrecoCOPENHAGEN, July 4 (Reuters) - Sweden-based Volvo Cars (VOLCARb.ST) on Wednesday reported a 33% year-on-year rise in June sales to 66,379 cars, helped by a spike for fully electric cars. The manufacturer, which is majority-owned by China's Geely (0175.HK), said it sold 9,535 fully electric cars in the month, up 346%. "The overall sales increase was driven by the company's fully electric cars which quadrupled compared to the same period last year," it said in a statement. Volvo Cars said its total car sales in biggest market Europe rose 70%. Total car sales in the U.S. were up 53% while in China they decreased.
Persons: Claudia Greco, China's Geely, Louise Breusch Rasmussen, Anna Ringstrom Organizations: Volvo, REUTERS, HK, Thomson Locations: Milan, Italy, Claudia Greco COPENHAGEN, Sweden, Europe, U.S, China
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