Denmark

European political leaders and diplomats held talks with officials and employees' unions in South Africa's coal belt on Wednesday to attempt to encourage them that switching to renewable energy from fossil fuels require not leave them destitute. The discussions in Mpumalanga province involving abundant countries moneying the energy transition aim to conquer resistance from communities fearing economic disaster. At Emalahleni, the location of coal in Zulu, union leaders were honestly sceptical at speeches recommending task losses could be balanced out by a boom in climate-friendly energy. I don't believe one conference will persuade them, Elsebeth Krone, the ambassador of Denmark,...

Norway's Equinor stated on Monday it has actually bought a 9.8% stake in Danish renewable energy group Orsted valued at around $2.5 billion, making it the 2nd largest shareholder after the federal government of Denmark. Orsted's share cost increased on the news, trading 2.8% greater at 1028 GMT, while Equinor's shares fell by 2.3%. Orsted did not right away react to an ask for remark. Equinor said it had a long-lasting viewpoint on the investment but did not strategy to raise its stake beyond 10%. This is a counter-cyclical financial investment in a leading designer, and a premium portfolio of...

The Kremlin said on Monday that German Chancellor Olaf Scholz was best to want a comprehensive examination into a 2022 attack on the Nord Stream gas pipelines in spite of what it stated were attempts by some Western powers to hush up what actually took place. Scholz stated in an interview with German television over the weekend that Berlin's investigation would ensure that nothing was hidden and do its best to make sure that those responsible for the blasts were penalized. Moscow has consistently grumbled that Germany has actually not been doing enough to examine the surges, which in September...

Norway's sovereign wealth fund stated on Monday it will dedicate 900 million euros ($ 1.01. billion) to the latest renewable energy fund of investment company. Copenhagen Infrastructure Partners (CIP). Norges Bank Financial Investment Management (NBIM) committed the amount. to CIP's 5th flagship fund CI V, which buys overseas and. onshore wind, solar farms, grid and circulation, in addition to. storage, the world's biggest sovereign wealth fund said in a. declaration. NBIM, which has properties of $1.7 trillion, invests income. from Norway's oil and gas market in international stocks, fixed. earnings, realty and renewable energy assets. ( This offer) will provide...

Russia has actually grumbled to Germany over its investigation into the 2022 surges of the Nord Stream pipelines, RIA news agency reported on Monday, after a secret suspect left arrest in Poland. German media reported recently that German district attorneys had identified a Ukrainian diving trainer as an essential suspect in the Nord Stream sabotage attack and provided a warrant to jail him in Poland. Poland got the German warrant however the suspect has left the nation as Germany stopped working to include his name in a database of wanted persons, Polish district attorneys told Reuters. Moscow thinks the German...

India will make an application for licences to explore for deepsea minerals in the Pacific Ocean as it contends to protect products of minerals vital for energy shift technologies, a leading federal government researcher told . The UN-backed International Seabed Authority (ISA) has provided 31 deep-sea exploration licences, consisting of 2 for India in the Indian Ocean, but is yet to enable mining since the 36-member body is still working on regulations. The 36-member ISA council is meeting in Jamaica this month to work out the most recent draft of a mining code. M. Ravichandran, the leading researcher at India's...

India will obtain licences to explore for deepsea minerals in the Pacific Ocean as it completes to protect products of minerals critical for energy shift innovations, a top federal government scientist told . The UN-backed International Seabed Authority (ISA) has issued 31 deep-sea exploration licences, consisting of 2 for India in the Indian Ocean, however is yet to allow mining due to the fact that the 36-member body is still dealing with regulations. The 36-member ISA council is fulfilling in Jamaica this month to work out the latest draft of a mining code. M. Ravichandran, the leading researcher at India's...

Exchanges Nasdaq and the European Energy Exchange (EEX), Europe's greatest power bourse, stated on Wednesday they have actually cancelled strategies under which the EEX would have bought Nasdaq's Nordic power trading and clearing company. The deal would have increased EEX's dominance in the European power trading sector even further. Although the offer, which was announced last year, did not fulfill the basic limit requirements for an EU anti-trust examination, some authorities in Nordic member states requested that the EU Commission take a closer take a look at the case on issues it could hamper market competitors. A preliminary evaluation of...

Danish energy trader InCommodities, backed by Goldman Sachs, on Tuesday reported a. plunge in its pretax revenue for 2023 to 136 million euros, just. 10% of its record earnings seen a year earlier, as energy markets. returned to calmer waters. In 2022, the Aarhus-based business, which trades power and. gas in Europe, the United States and Asia, had tape-recorded a profit. before tax of 1.4 billion euros ($ 1.52 billion). Goldman Sachs and chosen financiers own a 15% stake in the. company while its four creators and employees own the rest,. according to its annual report. There's no doubt that...

Denmark and Sweden on Monday stated they were no longer caution of a danger of a lack of gas, canceling notifies raised simply months after Russia's fullscale invasion of Ukraine. The 2 nations' energy companies in June of 2022 both stated they had activated the primary step of their particular three-stage emergency strategies, which indicated a tighter tracking of the marketplace due to unpredictability about gas supplies from Russia. The warning was now no longer required, the Danish regulator stated on Monday. Gas intake has actually been lowered and the supply circumstance is stable, it composed in a declaration. The...

Greek Prime Minister Kyriakos Mitsotakis has actually urged the European Union to lower prices as soon as possible, which he identified a crucial political challenge ahead of European parliamentary elections. Anger at falling living standards is shared by countless Europeans and is expected to damage assistance for mainstream parties in the June 6-9 elect the 720 lawmakers of the EU assembly. In a May 18 letter to European Commission President Ursula von der Leyen, the Greek conservative leader stated that inflation had actually highlighted issues in the performance of the markets which led to disparities in rates of essential items...

The following bids, mergers, acquisitions and disposals were reported by 21:00 GMT on Wednesday: ** U.S. financial investment firm KKR will likely offer remedies next week in an effort to secure EU antitrust approval to buy Telecom Italia's (TIM). fixed-line gain access to network, a person acquainted with the matter stated. ** U.S.-based grain trader and processor The Andersons stated it has. been challenging to discover the ideal asset for a potential acquisition as part of. its strategy to grow ethanol production. ** British oilfield services and engineering company John Wood Group. stated it had declined a raised buyout proposition...

Eli Lilly missed out on Wall Street estimates for its popular weightloss and diabetes drugs on Wednesday, struck by a decline in U.S. wholesale inventory and sending its shares down 9% premarket. U.S. sales of Mounjaro and Zepbound decreased by mid-single digits due to the stock modifications, the business said. Lilly's shares are up 55% so far this year and the business has become the most valuable health care business worldwide, as financiers bank on the success of the weight-loss drug. The business likewise missed out on third-quarter revenue estimates due to higher manufacturing expenses and a previously revealed $2.8....

Zinc prices dropped on Friday, pulling away from the previous session's 20month high, as stock inflows soothed worries about potential scarcities. The majority of other commercial metals on the London Metal Exchange were also at a loss, weighed down by the lack of robust stimulus procedures in leading metals customer China and care ahead of the U.S. governmental election. Three-month LME zinc slid 3.6% to $3,059 a metric ton by 1000 GMT after touching its highest considering that early February 2023 on Thursday. There have actually been a great deal of shenanigans in the zinc market today and some of...

Eli Lilly on Thursday raised its annual earnings forecast and sales of its popular weightloss drug Zepbound crossed $1 billion for the first time in a. quarter. The drugmaker now anticipates adjusted earnings of $16.10 to. $ 16.60 per share for 2024, compared to its previous forecast of. $ 13.50 to $14. Lilly and Danish competing Novo Nordisk are racing to. increase production capability to satisfy unprecedented need for. their popular weight-loss drugs that have actually been shown to assist. clients lose as much as 20% of their weight typically. Experts have said the companies will likely divide the U.S....

IrnBru maker A.G. Barr forecast on Tuesday its halfyear revenue to be higher than prioryear levels, supported by strong demand for its mixed drink mixes and sodas. WHY IT is essential In the past year to present, the company has downsized and obtained businesses to broaden its soft drinks portfolio to keep up with growing demand and competition. CONTEXT The recently agreed 3.3-billion-pound ($ 4.24 billion) merger between Danish maker Carlsberg and British soft drinks maker Britvic had caused shares of peers A.G. Barr and Fevertree to rally. The merger was a relocation that could create a UK beverage powerhouse,...

Copper prices slipped and nickel touched its most affordable in more than 2 months on Friday, pressured by a firm dollar and rising stocks that highlighted a supply surplus. Three-month copper on the London Metal Exchange lost 0.2% to $9,773 a metric lot by 1615 GMT. In metals, risk hunger has actually faded recently, however that was needed after a really strong move that was not warranted at the time, said Ole Hansen, head of commodity technique at Saxo Bank in Copenhagen. Copper has actually given up 12% given that touching a record peak of $ 11,104.50 last month after...

The U.S. Senate health panel said on Tuesday it would vote this month on whether to subpoena Novo Nordisk to answer concerns about U.S. costs for weight-loss drugs Ozempic and Wegovy, which are far higher than those in other nations. The Senate Committee on Health, Education, Labor, and Pensions, which is examining the drugs' expenses, said in a. statement that at its June 18 conference it will weigh a subpoena. needing Novo Nordisk Inc President Doug Langa to testify at a. July 10 hearing. The assistance Committee has reached out time and time once again to. Novo Nordisk to request...

A more rightwardleaning European Parliament will make it more difficult to pass ambitious EU environment policies, however most of Europe's present worldleading green policies are most likely to stay put, legislators, authorities and analysts said. Provisional results in the European Parliament election on Sunday night showed centrist celebrations holding a bulk, but gains for conservative and far-right celebrations sceptical of the EU's. Green Offer package of ecological policies, and heavy losses. for Green parties. I don't think that we'll be rolling back on (climate). policies. But I do think that it will be more complex to get. brand-new policies off...

Novo Nordisk's Wegovy and Eli Lilly's Zepbound are so far the leaders in the weightloss drug market, which is approximated to be worth about $ 150 billion by the early 2030s. But there are several other drug developers aiming to sign up with the bandwagon. The following is a list of openly noted business targeting the next huge smash hit chance: NOVO NORDISK Novo's most current prospect, amycretin, helped obese patients attain 13.1% weight loss after 12 weeks of treatment. The information compares to a weight loss of about 6% after 12 weeks in a trial for Wegovy. Novo said...

The following bids, mergers, acquisitions and disposals were reported by 11.45 GMT on Wednesday: ** A consortium led by Malaysia's sovereign wealth fund and pension fund supplier revealed a conditional offer to take Malaysia Airports Holdings Berhad (MAHB) private, in a. offer worth about $3.9 billion. ** Entrepreneur and former Los Angeles Dodgers owner Frank. McCourt stated on Wednesday his non revenue Project Liberty is. forming a consortium to purchase social media platform TikTok in the. United States. ** Malaysia's Axiata and conglomerate Sinar Mas. are in speak to combine their telecommunications operations in. Indonesia to develop an about $3.45...

By Tuesday, 2000 GMT, the following mergers, acquisitions, and dispositions had been reported: * MP Materials announced that Australian billionaire Gina Rinehart’s mining company has acquired a 5,3% stake in its company, adding to the rare earth investments she already holds. People with direct knowledge said that British Airways' owner IAG will receive an EU antitrust alert about its bid to take full control of Air Europa, after the remedies it has taken failed to satisfy EU antitrust concerns. The two companies have announced that the promoters of IndusInd Bank, a private lender, will purchase a 60% stake of the...

The following quotes, mergers, acquisitions and disposals were reported by 2000 GMT on Monday: ** Spanish holding car Criteria, the primary investor in Caixabank, revealed it had actually raised its stake in Spanish telecoms business Telefonica to 5.007% from a. previously reported 2.69%. ** Australia's Fortescue stated it would form a joint. endeavor with OCP Group to provide green hydrogen, ammonia and. fertilizers to Morocco, Europe and worldwide markets, as the. iron ore miner wants to change itself into a green energy. superpower with an international footprint. ** Bain Capital prepares to offer stake worth $429 million in. Indian private...