Denmark

Investors sifted corporate updates in anticipation of U.S. Inflation?data. By 0940 GMT, the?STOXX600 was flat. The?STOXX 600 was flat at 0940 GMT. Sika, the Swiss manufacturer of construction chemicals, reported on Tuesday a drop in sales for the full year of 4.8%. This dragged its shares down by 6.7% and to their lowest level since November. British homebuilder Persimmon has also outlined a cautious outlook 2026, after reporting that it sold more homes last year than expected. The updates will guide the sentiment as the?markets prepare for an important inflation report in the U.S. where the policy outlook is clouded...

Orsted surged on news that a U.S. court had ruled the company could continue working on a Rhode Island project. STOXX 600 was up 0.1% at 0807 GMT. The DAX in Germany?was slightly higher during choppy trading and is poised to reach its longest winning streak ever since 2014 if current levels hold. The move adds new momentum as markets prepare for a key report on inflation that is expected to show a pickup in U.S. consumer price levels in December after a falsely low reading the previous month due to distortions relating to the government shut down. Orsted, a...

A U.S. court will on Monday consider the request of Danish?energy firm Orsted to obtain an injunction to stop?the Trump Administration's decision?to halt its $5 billion Revolution Wind project near Rhode Island. The lawsuit was filed on behalf of the company by several offshore wind companies, as well as states. They are seeking to reverse the Interior Department's suspension of five 'offshore wind leases' that it had imposed in December over what they called national security concerns. Under U.S. president Donald Trump's?view that wind turbines are ugly, expensive, and inefficient, offshore wind developers have seen their multi-billion dollar plans repeatedly...

New York's Attorney General sued the Trump Administration on Friday over the suspension of construction on two offshore?wind farms that it says are needed to power a million homes and reduce the state's reliance on fossil-fuels. Letitia J., New York's Attorney General, has filed two separate lawsuits asking the federal court in Washington not to allow President Donald Trump's freeze of federal offshore leases owned by Equinor from Norway and Orsted from Denmark on December 22, 2018. The Interior Department said that it had halted the project due to complaints from?the Pentagon, that wind turbines can cause radar interference which...

Donald Trump, the president of the United States, reaffirmed on Monday the need for Greenland to ensure the national security of the United States. He said that the special envoy appointed by him would "lead" the charge. Trump appointed Jeff Landry, the governor of Louisiana, as his special representative to Greenland on Sunday. This drew criticism from Denmark and Greenland regarding Washington's interest for this mineral-rich Arctic Island. Trump has argued that Greenland should become a part of the United States. He cited its strategic importance and its mineral resources. Landry, the governor who assumed office in January 2024 publicly...

U.S. president Donald?Trump appointed Louisiana Governor Jeff Landry as his special ambassador to Greenland on Sunday, drawing renewed criticism from Denmark and Greenland about Washington's interests in the mineral rich Arctic island. Trump has argued that Greenland should become a part of the United States. He cites its strategic importance as well as its mineral resources. Landry, the governor who assumed office in January 2024 publicly supports this idea. You cannot annex a country. In a joint press release, Danish Prime Minister Mette Fredericksen and Greenland Prime Minister Jens Frederik Nielsen stated that they would not annex another country. "Greenland...

European shares edged up on Tuesday. Wind energy stocks took the early lead, after Orsted surged on a favorable U.S. Court ruling regarding its stalled projects, but a decline in Dutch firm ASMI held gains back. As of 0712 GMT, the pan-European STOXX 600 index was up 0.3% to 555.1 points. Spain and the UK regional bourses gained around 0.3% each. Orsted shares jumped 9.4% on Monday after a U.S. Federal Judge ruled that Orsted can resume work on a nearly completed project off the coasts of Rhode Island. The utilities sector rose 1%, while Vestas' rival gained about 3%....

The excitement over a possible U.S. rate cut in September waned on Monday. U.S. stock futures fell during pre-market trade as investors focused on the larger economic picture. As of 1258 BST, the S&P 500 was down 0.2% and Nasdaq Futures were down 0.3%. This indicates a lower Wall Street opening. Powell's change in stance has caused futures markets to price an 84% probability of a quarter point rate cut in September and at least 100 base points of easing up to 3.25-3.5% in the middle of next. The broadest MSCI index of world stocks rose by 0.1%, and remained...

British Gas' owner Centrica announced on Thursday that its adjusted operating profits in the first six months of this year had been halved due to milder weather, lower wholesale energy prices, and weaker returns for gas storage. The company reported that its operating profit for six months ending June 30 dropped to 0.5 billion pounds, from just under 1 billion during the same period in last year. The core profit, or EBITDA, also dropped to 0.9 billion pounds compared to 1.4 billion. The company stated that the first half of 2025 was more challenging for British Gas Energy Residential and...

Jacob Skov Olesen, the world number 354 from Denmark, shot a four-under-par score of 67 in difficult conditions to win the British Open's first round at Royal Portrush. The 26-year old left-hander birdied four holes and eagled 12th before making a bogey on the last hole. He is now tied for the lead with England's Lee Westwood. Li Haotong of China is one shot behind. Nicolai Hjgaard of Denmark, who played in the first group, shot a solid 69 and finished at two under. He said, "I really had to work hard today to get a good score." "I felt...

The shares of Orsted, an offshore wind developer in Denmark, rose by 15% on Tuesday following the U.S. Administration's revocation of an order to stop work on a similar project undertaken by Equinor. This eased concerns about the Danish company’s U.S. development projects. Equinor announced late on Monday that the Trump administration lifted an order to stop work on its Empire Wind project offshore wind farm in New York. This was a relief for both the Norwegian company, and offshore wind energy in the United States in general. Equinor's share price, which is largely dependent on oil and natural gas,...

Rasmus Errboe, the CEO of Orsted in Denmark, told the Financial Times that President Donald Trump's tariffs would have "a meaningful impact" on its U.S. projects. Errboe said in the newspaper that the new tariffs would affect Orsted's large wind projects, Sunrise Wind and Revolution Wind, located in the U.S. Orsted published a piece in the FT that called on European capitals for a consistent support of the offshore wind industry every year to help meet targets and reverse costs. Orsted didn't immediately respond to our request for comment. Trump announced earlier Wednesday that he would lower temporarily the heavy...

After President Donald Trump's recent announcement, the Danish and Greenlandic Foreign Ministers will meet U.S. Secretary of State Marco Rubio and Vice President JDVance on Wednesday. Threats escalated Greenland is a?takeover'. Autonomous territory of Denmark Greenland's strategic location and mineral resources could prove useful to the United States. Greenland is home to 25 out of the 34 minerals that European Commission deem "critical raw materials". Greenland has banned the extraction of natural gas and oil for environmental reasons. The development of its mining industry is encumbered by red tape and resistance from indigenous people. Here are the main Greenland mineral...

Poland's Prime Minister is concerned about the strain that the United States' threats to 'take over Greenland' is putting on NATO. He said this on Friday. Warsaw, as a loyal ally, should be honest about its concerns with Washington. Poland sees the United States and NATO in a 'critical role in its security, in light of a 'increasingly assertive Russia. Policymakers in Warsaw are concerned that divisions in the alliance might embolden Moscow. The NATO alliance would be shocked if the U.S. took Greenland away from Denmark, a long-time ally. It would also deepen the divide that exists between Trump...

According to a White House spokesperson, despite Denmark's repeated assertion that Greenland was not for sale the U.S. president Donald Trump and his staff are "talking" about a possible?purchase. Even as a hypothetical thought experiment, assuming the presence of a seller willing to sell an autonomous territory like Greenland, the discussion quickly encounters imponderables. For example, how could a meaningful price be established? Nick Kounis is the chief economist at Dutch ABN AMRO Bank. He noted that there was no agreed framework for valuing nations. Finding historical benchmarks of fair value is also difficult. In 1946, the U.S. made an...

Critical Metals' top boss said that the company expects to complete the remaining 25% of "offtake agreements" for its Tanbreez project in Greenland by early 2026. It will also be open to investment from Washington. Tony Sage, CEO of Rare Earths, said that the Middle East's interest, which includes potential partners in Saudi Arabia and other energy-rich countries such as Bahrain, Oman, Qatar and Saudi Arabia, is a reflection of the efforts made by states with high energy costs to develop a processing capacity for rare earths, supported by lower electricity costs and quicker permits than the U.S. And Europe....

The European Union has reached a provisional agreement on Thursday regarding new rules that will require all of its members to screen foreign investments into the EU?in sensitive sectors like defence, AI, or critical minerals to determine if it threatens economic security. Representatives from the European Parliament and Council, the grouping EU governments, have reached agreement on a draft text for re-evaluating its?existing FDI screen regulations. The text will still need to be approved by both bodies. All EU countries will be required to screen investments and block them if they pose a risk. The screening will extend to investments...

This week, a delegation of Singaporean firms is visiting South Africa to explore partnership opportunities in manufacturing, logistics and consumer goods. Trade between the two countries has almost doubled in the last four years. Enterprise Singapore, Singapore's agency for trade and enterprise, stated that this mission was part of the Scale-Up Programme and aimed to link participating firms with South African counterparts, and potential partners, in a variety of sectors including agriprocessing and industrial supplies. "South Africa is already a close partner of Singapore, and there are many Singaporean firms operating in South Africa," Rahul Ghosh said on Thursday. He...

Trade ministers and officials of the European Union said that they were seeking to coordinate their response with the United States, and other G7 members to the tighter Chinese controls over the export of rare-earth minerals. China, which is the world's biggest rare earth producer has dramatically increased controls in recent weeks, adding new elements and refining technology, and extra scrutiny to semiconductor users, ahead of scheduled talks between Presidents Donald Trump & Xi Jinping. Maros Sefcovic, European Trade Commissioner, called the measures unjustified. He said EU Ministers who met in Denmark to discuss issues of trade described them as...

Four people with knowledge of the talks said that Trump administration officials had discussed taking a stake Critical Metals Corp. This would give Washington an interest in the biggest rare earths project on Greenland - the Arctic territory President Donald Trump suggested purchasing. The deal, if finalized, would be the latest political twist in the Tanbreez rare-earths deposit. Former President Joe Biden successfully lobbyed for it to be sold to New York based Critical Metals at a much lower price than the Chinese firm offered. Washington recently acquired stakes in Lithium American and MP Materials. This shows Trump's desire to...

European governments and businesses reacted on Monday with relief and concern to the framework deal reached with U.S. president Donald Trump. They acknowledged that it was an unbalanced agreement, but one which avoided a more serious trade war. The U.S. will impose an import tariff of 15% on the majority of EU goods, which is half the rate threatened, but more than the Europeans had hoped. The deal was not entirely clear at the time. As we wait for the full details of the EU-U.S. trade agreement, one thing is clear: this is a moment of relief but not celebration,"...

The Group of Seven Leaders will gather in the Canadian Rockies on Sunday, amid growing divisions between the United States and Canada over trade and foreign policy. Canada is trying to avoid any clashes with Trump. The conflicts in the Middle East, Ukraine and U.S. Tariffs are likely to be prominently discussed. Israel, an ally of the United States, launched a barrage on Iran's borders on Thursday. This was a blow for Trump's diplomatic efforts in preventing such an attack. The summit will be held in Kananaskis Mountain Resort, about 90 km (56 mi) west of Calgary. Last time Canada...

U.S. president Donald Trump threatened again on Friday to intensify his trade war. He recommended a 50% tariff for goods from the European Union starting on June 1, sending European stock prices crashing. Eurostat reports that the United States will be the bloc's largest export partner by 2024, accounting for 20,6% of all exports. According to data, the most important export group of the EU to the U.S. in 2024 was pharmaceuticals, followed by motor cars, aircrafts, and related equipment. Germany was the third largest exporter to the United States of the EU, with 161 billion euro worth of goods....

Greenland handed a mining permit of 30 years to a Danish and French mining group on Wednesday. The group is aiming to mine a lunar-like rock which could provide a climate-friendly option in aluminum production. Since Donald Trump, the U.S. president, expressed interest in buying it in early this year, the Arctic island, rich in minerals and oil, as well as natural gas, has attracted international attention. Greenland Anorthosite Mining, which is developing an area in western Greenland, was granted the permit. The company has the backing of French investment group Jean Boulle Group, as well as state investment funds...