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  • We'll focus on the brick, not protectionism: New Lego CEO

    Bali Padda, COO & incoming CEO at Lego, discusses plans for the toy brand as he becomes the first non-Dane to run the company.

  • COPENHAGEN, Dec 6- Danish toymaker Lego is to appoint its first foreign CEO and give its family owners a bigger role in developing the Lego brand under an organisational shake-up that will see incumbent Jorgen Vig Knudstorp step down by the end of the year. Briton Bali Padda, currently chief operations officer, will replace Knudstorp, who was the first chief...

  • COPENHAGEN, Dec 6- Danish toymaker Lego is to appoint its first foreign CEO and give its family owners a bigger role in developing the Lego brand under an organizational shake-up that will see incumbent Jorgen Vig Knudstorp step down by the end of the year. Briton Bali Padda, currently chief operations officer, will replace Knudstorp, who was the first chief...

  • COPENHAGEN, Denmark— The man who for 12 years has led Lego, the Danish company famous for its popular colored toy blocks, will be replaced by the current chief operating officer, the group said Tuesday. Padda, the current chief operations officer, joined Lego in 2002 in Enfield, Connecticut. Born in India, Padda is a British citizen.

  • TOKYO, Dec 5- The dollar's rally since the U.S. election is likely to run out of steam soon and the damage from its strength in the past month could be enough to put the world's largest economy into a recession, an investment chief at Saxo Bank said on Monday. The dollar has rallied on expectations that President-elect Donald Trump will increase fiscal spending and...

  • COPENHAGEN, Denmark— Danish prosecutors have filed charges against Uber's European regional hub in the Netherlands with "helping to commit illegalities." She is filing the charges against Uber in Amsterdam, the Netherlands, because drivers in Denmark have contracts there. Speaking from Amsterdam, Uber spokesman Daniel Byrne welcomed "the opportunity to...

  • Maersk Line will buy the German container shipper to bolster its transport operations.

  • COPENHAGEN, Dec 1- Maersk Line, the world's biggest shipping company, is to buy smaller rival Hamburg Süd, joining a wave of M&A in the industry just over two months after the Danish company revealed plans to bolster its transport operations. It also follows Maersk's new boss Soren Skou's move to focus on transport and logistics and spin off the company's energy...

  • A.P. Moller-Maersk has agreed to buy German rival container Hamburg Süd, sending shares in the Danish shipping company up nearly 5 percent.

  • COPENHAGEN, Denmark— Danish conglomerate A.P. Moller-Maersk A/S says it has acquired a German container shipping company that is ranked as the world's seventh largest container line. Maersk CEO Soeren Skou said Thursday the acquisition was "a new milestone" in the history of its core shipping business, Maersk Line, adding that the German line was "a very well-run...

  • COPENHAGEN, Denmark— The European Environment Agency says EU members "are collectively well on their way" to meeting 2020 targets on renewables, energy efficiency and greenhouse gas emissions. The Copenhagen- based agency says that despite a slight energy consumption increase in 2015, the bloc in recent years had lowered its energy consumption and was...

  • COPENHAGEN, Denmark— Finland's prime minister has denied trying to suppress news coverage about a reported conflict of interest involving him and his family but says he did send a bunch of emails on the topic. Prime Minister Juha Sipila, who has been in power since 2015, has rejected claims of a conflict of interest over a contract awarded by a mine in eastern...

  • *Europe has more developers than United States. Europe is expected to hit $13.6 billion in tech investments in 2016, up from $12.6 billion in 2015 and almost five times levels five years ago, venture capital firm Atomico said in a report released at Slush, one of the region's biggest tech start-up conferences. Five of the world's top ten technical universities...

  • COPENHAGEN _ Forward Pharma A/S on Tuesday reported a loss of $11 million in its third quarter. Forward Pharma shares have risen 16 percent since the beginning of the year. Keywords: Forward Pharma, Earnings Report.

  • LONDON, Nov 28- Denmark's A.P. Moller-Maersk and DONG Energy are in talks to merge their oil and gas operations in a deal that would create a business worth more than $10 billion including debt, sources familiar with the matter said. Maersk is working with Bank of America on the potential deal, while JP Morgan is assisting Dong Energy, said the people, who cautioned...

  • A girl recites English letters for other students during class at a kindergarten for children of migrant workers, in Beijing.

    Shanghai has pipped Hong Kong in English-language proficiency for the second time, according to a new report.

  • MARRAKESH, Morocco Nov 11- President-elect Donald Trump's policies are likely to make it harder for developing nations to obtain the growing finance they need to combat climate change, threatening one pillar of a 2015 international agreement to slow global warming. If he follows through, that will threaten a collective pledge by rich nations in Paris to raise...

  • *Buoyant physical buying of gold in India, China. Spot gold fell 2.2 percent to $1,231.79 an ounce by 1515 GMT after touching a session low of $1,229.04, the weakest since June 3. U.S. gold futures fell 2.6 percent to $1,234.50 per ounce after falling to $1,228.50, the weakest since June 3.

  • *Buoyant physical buying of gold in India, China. LONDON, Nov 11- Gold prices fell to their lowest in over three weeks on Friday, hit by a rise in bond yields on speculation a splurge of U.S. infrastructure spending could stoke inflation Spot gold was down 0.1 percent at $1,258.40 an ounce at 1305 GMT, paring losses after hitting $1,250.70, the weakest since Oct. 17.

  • *Buoyant physical buying of gold in India, China. Spot gold was down 0.3 percent at $1,255.85 an ounce at 1110 GMT, paring losses after hitting $1,250.70, the weakest since Oct. 17. The combination of rising real yields and the stronger dollar is really hurting sentiment in gold, "said Ole Hansen, head of commodity strategy at Saxo Bank in Copenhagen.