Europe Top News and Analysis Denmark

  • July 18- New York on Thursday awarded two major offshore wind contracts to Norway's Equinor and a joint venture between Denmark's Orsted and U.S. utility Eversource, a key milestone in Governor Andrew Cuomo's ambitious plan to slash the state's greenhouse gas emissions. The two contracts add up to 1700 MW of capacity, or enough to power 1 million homes, Cuomo said...

  • *Nordea net profit 681 mln eur vs 739 mln consensus. HELSINKI/ COPENHAGEN July 18- Nordea, the biggest bank in the Nordics, said it would review its financial targets in coming months, as the region's lenders struggle with weak growth at home and rising compliance costs from money laundering scandals overseas. Nordea's net profit fell 11% from a year earlier to 681...

  • PARIS, July 11- France's Senate gave final approval to a tax on big technology companies on Thursday, potentially opening up a new front in a trade row between Washington and the European Union. The 3% levy will apply to revenue from digital services earned in France by firms with more than 25 million euros in French revenue and 750 million euros worldwide.

  • PARIS, July 11- France's parliament defied U.S. pressure on Thursday by giving final approval to a tax on big technology companies, potentially opening a new front in a trade row between Washington and the European Union. Finance Minister Philip Hammond has said Britain will unilaterally implement a digital service tax if there is no international agreement...

  • PARIS, July 11- France's Senate on Thursday gave final approval to a tax on big technology companies, potentially opening a new front in a trade row between Washington and the European Union. The 3% levy will apply to revenue from digital services earned in France by firms with over 25 million euros in French revenue and 750 million euros worldwide.

  • COPENHAGEN, July 11- Danish cannabis firm StenoCare said on Thursday it would quarantine more batches of cannabis oil from its partner CannTrust which has sold products from what Canada's federal health regulator called unlicensed facilities. StenoCare's shares, which were listed in Stockholm in October 2018, fell as much as 30% in early trading before...

  • PARIS, July 11- France's Senate on Thursday approved a tax on big technology companies, potentially opening a new front in a trade row between Washington and the European Union. The tax will apply a 3% levy on revenue from digital services earned in France by firms with over 25 million euros in French revenue and 750 million euros worldwide. France pushed ahead...

  • July 8- Danske Bank on Monday cut its 2019 earnings forecast for the second time as a tough trading environment and higher costs to combat money laundering weighed on the troubled bank. "This development is driven mainly by margin pressure and conditions in the financial markets, as evidenced by the weak trading income in the second quarter," Chief Financial...

  • Barring unexpectedly tough resistance from eastern European countries, Timmermans is set to be chosen as European Commission president after talks between France, Spain, the Netherlands and Germany at the G20 summit in Japan, two diplomats and one European Parliament adviser said. If confirmed, the choice would mark a victory for centrists and liberals, who...

  • KSAR SGHIR, Morocco, June 26- Morocco will open new terminals at Tanger Med port on Thursday, allowing it to surpass the Mediterranean's largest ports Algeciras and Valencia in terms of container capacity, and drive more investment and manufacturing to the country. Morocco hopes the port, which offers a platform for exports by local production plants of French...

  • KSAR SGHIR, Morocco, June 26- Morocco will open new terminals at Tanger Med port on Thursday, allowing it to surpass the Mediterranean's largest ports Algeciras and Valencia in terms of container capacity, and drive more investment and manufacturing to the country. Morocco hopes the port, which offers a platform for exports by local production plants of French...

  • KSAR SGHIR, Morocco, June 26- Morocco will open new terminals at its Tanger Med port on Thursday allowing it to surpass the largest ports in the Mediterranean Algeciras and Valencia, and driving further investment and manufacturing to the country. Morocco hopes the port, which offers a platform for exports by local production plants of French car makers such as...

  • OSLO, June 24- Norway's power grid operator Statnett and its Swedish counterpart Svenska Kraftnat have agreed to jointly invest 1 billion crowns in a system for balancing Nordic power supply and demand, the Swedish group said. The system will control power balancing across the Nordic region, also including Finland and Denmark. After a deadlock in negotiations...

  • COPENHAGEN, June 24- Danske Bank has dismissed its former interim chief executive Jesper Nielsen after thousands of Danish customers were overcharged for an investment product, a first step by its new boss to restore trust in the troubled lender. The case, which the Danish financial services authority called "very serious", is another blow to the reputation of...

  • MILAN/ ROME, June 21- Italy's sovereign wealth fund is maneuvering to pull off a multibillion-euro telecoms merger and end a prolonged corporate stalemate that has held up Rome's plans to create a national broadband network, sources say. Cassa Depositi e Prestiti, which has 425 billion euros in assets, is a major shareholder in two crucial building blocks of any...

  • BRUSSELS, June 21- European Union leaders will meet again on June 30 to seek agreement on who should inherit the bloc's top jobs- including the head of its central bank- after failing to get a deal in talks dragging into the small hours on Friday. The 28 national leaders meeting in Brussels for secret deliberations- no aides or phones allowed- remained at odds over who...

  • BRUSSELS, June 21- European Union leaders will meet again on June 30 to seek agreement on who should inherit the bloc's top jobs- including the head of its central bank- after failing to get a deal at the second attempt in talks dragging into the small hours on Friday. The prominent positions, including the head of the European Central Bank and the EU's executive...

  • *Roles include presidencies of ECB and European Commission. BRUSSELS, June 20- Chances of EU leaders agreeing on Thursday on who should inherit the bloc's top jobs- including the head of its central bank- appeared vanishingly slim, as France and Germany cast doubt on any imminent deal and Ireland said electing a pope would be easier. The 28 national leaders meet in...

  • COPENHAGEN, June 20- French oil major Total SA said on Thursday it would cut 200 jobs in Denmark as part of the redevelopment of the Tyra gas fields in the North Sea. "Unfortunately, the changes mean that a number of valued colleagues will leave us," Patrick Gilly, managing director for Total's Danish North Sea operations said in a statement. Before Total bought the...

  • COPENHAGEN, June 18- Denmark's state prosecutor searched the local headquarters of Nordea last week in relation to new developments in a money-laundering investigation into the region's biggest bank. The prosecutor had searched the headquarters in Copenhagen in August 2017 as part of the same investigation. Both physical, digital documents and e-mails...