Monday , December 16 2019
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Denmark

Denmark announces plan to arrest number of prison escapes

An action plan from relevant authorities should help to ensure that far fewer escapes from correctional facilities take place in Denmark in the future, Minister of Justice Nick Hækkerup said to press on Wednesday. Hækkerup is to ask the National Police, the Danish Prison Service (Kriminalforsorgen) and the public prosecution authority to provide recommendations and produce the plan in collaboration ... Read More »

Danish jihadist arrested at Copenhagen Airport after Turkish deportation

More than 20 Europeans including French and Germans were also in the process of being expelled to their countries of origin. Turkey has criticised Western countries for refusing to repatriate their citizens who left to join the Islamic State group (Isis) in Syria and Iraq, and stripping some of them of their citizenship. Its interior ministry said it deported an ... Read More »

Gang smuggled cocaine to Sweden via tiny Ven island

According to charge documents seen by The Local, two of the men used a semi-inflatable RIB speed boat to take 28kg of amphetamines, 3kg of cocaine and 5kg of ecstasy over from Rungsted in Denmark to Ven. Of the two other men, one is accused of masterminding the operation and purchasing the RIB for 130,000 kronor the month before the ... Read More »

Danish police arrest seven in raid on smuggling network

In a major police operation, Danish law enforcement arrested the people, who are thought to be connected to a wider-ranging smuggling network. They were arrested while trying to smuggle as many as 16 million copy cigarettes into Denmark, according to police special investigation unit SEV (Særlig Efterforskning Vest), which confirmed the arrests in a press statement. The 16 million counterfeit ... Read More »

Good times over? Experts predict economic stagnation for Denmark

The last seven years have been a blessing for the Danish economy, but nothing lasts forever, as the saying goes. In fact, as the ramifications of Brexit and tariff conflicts between the US and China take hold, the good times might be over sooner rather than later, according to several Danish experts. “We think that the Danish economy will gear ... Read More »

Former Danske Bank boss vanishes in wake of billion kroner money-laundering scandal

The Estonian police are concerned that a key figure in the billion-kroner Danske Bank money-laundering scandal has disappeared. Aivar Rehe, 56, who headed Danske Bank’s branch in Estonia from 2006 to 2015, was last seen leaving his house in Tallinn at 10:00 on Monday morning. The police fear for his well-being and have been searching a wooded areas near his ... Read More »

Banker tells German court of “vast network” at center of fraud trial

A banker at the center of a trading scheme German prosecutors say resulted in hundreds of millions of euros of illegitimate tax rebates told a court the scheme had taken on an “industrial scale” involving a network of banks and other institutions. Martin Shields, a former investment banker, said that a web of banks, investors and brokers had organized the ... Read More »

Danish business concerned about world trade slump

Danish business leaders are concerned about the third consecutive quarter of decline in world trade, which fell by 1.4 percent in June, after hitting continuous lows since last fall. New figures from CPB World Trade Monitor indicate that the economic slump is the biggest since the crisis of 2008, and is attributed to the US-China trade war and slow economic ... Read More »

Danish bank announces negative interest rates for millionaire saving accounts

A Danish bank has announced it will begin charging millionaires a fee to store their money. Jyske Bank will impose a negative interest rate of 0.6 per cent for clients who deposit more than 7.5m Danish kroner (£916,000). In effect, it means millionaires will lose money to the bank every year. The bank, the country’s second-largest lender, will introduce the ... Read More »

Trump warned that island cannot be bought from Denmark

Greenland has said it is “not for sale” after President Donald Trump stated that he would like the US to buy the world’s biggest island. The president is said to have discussed the idea of purchasing Greenland, an autonomous Danish territory, during dinners and meetings with advisers. But Greenland’s government dismissed the idea, saying: “We’re open for business, not for ... Read More »

Oil rises 1.2% on prospect of US interest rate cut

Oil prices edged higher on Monday as the prospect of an expected interest rate cut by the U.S. Federal Reserve overshadowed pessimism over U.S.-China trade talks and worries about slower global economic growth. Brent crude rose 0.2% to $63.60 a barrel, while U.S. West Texas Intermediate (WTI) crude futures settled up 1.2% at $56.87 a barrel. “Prices appear to be ... Read More »

Denmark’s corner of the global economy is shrinking

According to new figures from the national confederation for industry, Dansk Industri (DI), Denmark’s share of the global economy has dwindled in recent decades. The figures show that the Danish economy now accounts for 2.2 percent of the world economy, down from 4.5 percent in 1980. “Denmark has gone from being a minnow to a microbe nation. While a number ... Read More »

Danish businesses fear the worst as Johnson takes power in UK

Interest organizations representing Danish businesses have warned of the increased risk of a no-deal Brexit following Tuesday’s confirmation that Boris Johnson will be the new British prime minister. Johnson will take over from Theresa May on Wednesday after winning 66 percent of the votes of around 160,000 Conservative Party members in the party’s leadership contest, thereby becoming the UK’s new ... Read More »

Danish Crown Prince Couple to take part in a business visit to France

The Danish Royal Court announced on 1 July that Crown Prince Frederik and Crown Princess Mary will lead a Danish business delegation during an official business visit to Paris, France on 7 and 8 October 2019. The theme of the visit is “Denmark and France – together for a better life and a sustainable future”. The purpose of the visit ... Read More »

Danish economy on the rise, new figures indicate

The latest figures from Statistics Denmark show there has been a 0.5 percent growth in the Danish manufacturing sector between March and April. Morten Granzau, chief economist at Dansk Industri (DI), considers this to be an important early indicator of the nation’s growing economy. The manufacturing industry generates around 16 percent of the country’s jobs and 18 percent to the ... Read More »

Apple Axes $921m Data Centre Project In Denmark For ‘Business’ Reasons

The company’s European data centre expansion plan is certainly not going to plan after the axing of its €850m data centre in Ireland as a result of planning delays. Apple has axed plans to build a second $921m data centre in Denmark after buying the land for it back in 2017. Construction had already started at the 285-hectare site in ... Read More »

Ports to position Denmark as a global maritime power hub by 2025

As logistics hubs, Denmark’s ports will be vital in assuring future growth in the nation’s maritime sector. This was the message from Minister for Industry, Business and Growth Brian Mikkelsen in the wake of the launch of the new Plan for Growth in the Danish Maritime Sector presented by the Danish Government in early 2018. The Minister sees the Southwest ... Read More »

Eight EU countries call for 25% of budget go towards fighting climate change

Eight European countries have proposed a quarter of the European Union‘s budget be spent on tackling climate change. Belgium, Denmark, France, Luxembourg, the Netherlands, Portugal, Spain and Sweden also said the EU should cut greenhouse gas emissions to a net-zero level “by 2050 at the latest”. “Climate change is a global challenge with profound implications for the future of humanity ... Read More »

Danske Bank picks ex-ABN banker as CEO to rebuild trust

* Danske Bank names ex-ABN AMRO banker Vogelzang as CEO * Vogelzang to take over from interim CEO on June 1 * Follows resignation in October of Thomas Borgen * Borgen quit after revealing money laundering scandal * Danske Bank shares up 4.2% after CEO news (Adds Vogelzang comment, background) COPENHAGEN, May 10 (Reuters) – Danske Bank hired former ABN ... Read More »

Denmark exports were ‘worst in eight years’

The figure comes from stats agency Statistics Denmark, which monitor’s the country’s overseas trade. The March decrease was not enough to overshadow results from January and February, however, with an overall trade increase of 1.4 percent for the first three months of the year. Denmark still maintains a trade surplus, but the disappointing monthly result is the cause for some ... Read More »