Sabina's Feed
Dec 3, 2014

Greenland parties in coalition talks, mining in focus

COPENHAGEN (Reuters) – Greenland’s two main parties, who disagree on mining regulations that could impact foreign investment, are in coalition talks following an election last week, one of them said on Wednesday.

Greenland’s 56,000 people voted on Friday in a snap election called after an expenses scandal involving the former prime minister Aleqa Hammond.

Nov 29, 2014

Greenland’s ruling party to seek coalition after narrow election win

COPENHAGEN, Nov 29 (Reuters) – Greenland’s ruling Siumut
Party narrowly won a snap election, results showed on Saturday,
but its new leader Kim Kielsen will need to build a coalition to
form a government to deal with a shrinking economy and reassure
foreign investors.

The fall of premier Aleqa Hammond last month in an expenses
scandal has muted a nationalist rhetoric that promised
independence from Denmark based on wealth from some of the
largest mineral deposits on earth.

Nov 28, 2014

Mining, independence at stake as Greenland goes to the polls

NUUK/COPENHAGEN (Reuters) – Greenlanders go to the polls on Friday with hopes for a mineral-rich independence from Denmark foundering on the reality of a tiny, shrinking economy.

The fall of premier Aleqa Hammond last month in an expense scandal has muted the nationalist rhetoric that promised independence based on wealth from some of the largest mineral deposits on earth.

Nov 20, 2014

Somali leader sees Islamist rebels out of towns by year-end

COPENHAGEN (Reuters) – Somalia’s president said on Thursday a military campaign would push Islamist al Shabaab fighters out of all towns and major territories by the end of the year, though the militants would still be able to mount guerrilla attacks.

African Union and Somali forces have already retaken many strategic towns and ports in recent months, cutting off al Shabaab’s route to the sea and revenue streams, while U.S. air strikes killed the group’s leader in September.

Nov 5, 2014

Danish farmers, hit by Russian ban, are a thorn in banks’ side

COPENHAGEN, Nov 5 (Reuters) – Danish banks’ rebounding
profits could prove short-lived as tumbling agricultural prices
and Russia’s ban on European food imports threaten to spark more
defaults among farmers who have borrowed billions of crowns.

The country’s top lenders reported better-than-expected
earnings for the third quarter, with its largest bank Danske
almost doubling profits and promising higher
dividends amid overall lower loan losses and cost cuts.

Oct 30, 2014

Novo Nordisk reassures on 2015 outlook after Sanofi jolt

COPENHAGEN (Reuters) – Novo Nordisk reassured investors that its diabetes drugs business in the United States would continue to grow, after French rival Sanofi warned that price competition would hamper its U.S. sales.

The Danish insulin manufacturer said it expected high single-digit sales growth in its global business next year and a 10 percent rise in operating profit, after posting third-quarter results more or less in line with analysts’ expectations.

Oct 27, 2014

EU must prepare for Russia’s ‘hybrid warfare’: Danish formin

COPENHAGEN (Reuters) – Russia poses no direct military threat to the European Union but its intervention in Ukraine is a type of ‘hybrid warfare’ the bloc should fight using coordinated energy policy and media to counter “massive propaganda”, Denmark’s foreign minister said on Monday.

Martin Lidegaard has traveled three times to Kiev over a year that has seen the toppling of a Moscow-leaning president and the outbreak of a pro-Russian rebellion in Ukraine’s eastern region. The conflict has killed over 3,700 people.

Oct 9, 2014

Maersk and MSC ship-sharing pact gets U.S. clearance

SINGAPORE/COPENHAGEN, Oct 9 (Reuters) – Top container
shipping companies A.P. Moller-Maersk and MSC
Mediterranean Shipping Co cleared the last regulatory hurdle to
launch a vessel-sharing pact, but companies that use their
services voiced concerns, particularly in China.

The tie-up won U.S. approval on Wednesday after four out of
five commissioners at the Federal Maritime Commission (FMC)
voted not to seek further information from the two shippers
about the impact of the alliance on exporters and ports, one of
the commissioners told Reuters.

Oct 7, 2014

Novozymes looks beyond the ‘fantasy fuel’ it helped to turn into reality

COPENHAGEN (Reuters) – When Denmark’s Novozymes first wondered in 2000 how its mass-produced enzymes could be used to make advanced biofuel, the industry did not exist and only now is the fruit of its labor emerging after years of being lampooned as a “fantasy fuel”.

But as commercial production of transportation fuel made from plant waste rather than valuable corn finally starts in the United States, Brazil and Europe, Novozymes has already turned its gaze towards bioplastics and even diapers.

Oct 2, 2014

Greenland votes to hold parliamentary election in November

Oct 1 (Reuters) – Greenland’s parliament voted on Wednesday
to hold an election on Nov. 28 after Prime Minister Aleqa
Hammond took a temporary leave of absence over a spending
scandal and the opposition lured enough of her supporters to
gain a majority.

The 31-seat assembly voted to hold the election, leader of
opposition Sara Olsvig told Reuters. Olsvig’s party holds a good
chance of winning, polls show, and replacing Hammond who had
been prime minister since April of last year.