Scandinavia

The global money flows are being upended by a historic trade war, the proposed European fiscal bazooka of $1.2 trillion and China's rise as the leader in the tech race. This could be a turning point, with investor capital moving away from the United States. China released more stimulus on Tuesday and pledged to make greater efforts in order to mitigate the impact of a escalating U.S. Trade War. The likely next German government had agreed to the largest overhaul of fiscal policy since the reunification. German bonds plunged in the biggest sell-off in decades on Wednesday as the 30-year...

The global money flows are being upended by a historic trade war, the proposed European fiscal bazooka of $1.2 trillion and China's rise as the leader in the tech race. This could be a turning point, with investor capital moving away from the United States. China released more stimulus on Tuesday and pledged to make greater efforts in order to mitigate the impact of a escalating U.S. Trade War. The likely next German government had agreed to the largest overhaul of fiscal policy since the reunification. The U.S. trade war, which began this week, is hurting the mood both inside...

Wayne Cole gives us a look at what the future holds for European and global markets. Crypto fans have had a great day after President Donald Trump announced on social media that he would be creating a reserve of digital assets, which included bitcoin, ether XRP, cardano, solana, and xrp. Bitcoin is around 10% higher while ether jumped by 13%. The fund's workings are still unclear and will likely be explained at the White House Crypto Summit on Friday. Analysts wonder how the reserve is going to be funded, given that the government has a debt of $36 trillion. Borrowing...

A global index was down on Wednesday as Wall Street and European shares fell. The latest tariff threats by U.S. president Donald Trump on imports of autos, semiconductors and pharmaceuticals also injected caution into the market. Trump has added a 10% tariff to all existing duties on imports from China since his inauguration, four weeks ago. He also announced and delayed by a month 25% tariffs on imports from Mexico and Canada that are not energy-related. Trump told reporters Tuesday that tariffs for pharmaceuticals and semiconductors would begin at "25 percent or more" before rising over a period of one...

Wayne Cole gives us a look at what the future holds for European and global markets. The Asian share market has started the week on a positive note, despite a holiday that has reduced liquidity in U.S. stock markets. Hong Kong again led the charge, adding another 1.4% to last week's 7.5% jump amid optimism over potential low-cost AI application following the DeepSeek announcement. Goldman Sachs raised its outlook for Chinese growth and stocks. The firm argues that widespread AI adoption could increase earnings per share in China by 2.5% annually over the next decade. This would increase the fair...

Wayne Cole gives us a look at what the future holds for European and global markets. The week began with the now-common bang of President Trump using a scrum in front of the media on Air Force One, to announce 25% tariffs for steel and aluminum imports into America. He also promised more reciprocal tariffs by Tuesday or Wednesday. The new Chinese retaliatory duties on the U.S. also came into force at the same time. German Chancellor Scholz stated that the EU would be ready to respond "within one hour" to any levies. Investors have sold the usual suspects, with...

A company spokesperson confirmed that Norway's Equinor stopped all production from its Johan Sverdrup field in the North Sea on Tuesday due to a failure in the offshore electricity system. This is the largest oilfield producing in western Europe. The spokesperson did not elaborate. "Repair works have been started, and we're working on a plan to restart the system," he said. The oil price could be supported by the outage, as it was under pressure Tuesday due to concerns over global demand after U.S. Tariffs on China went into effect. Sverdrup produced up to 755,000 barrels per day of oil...

Alun John is the EMEA Breaking News Correspondent for Finance and Markets. He gives us a look at what's ahead on U.S. markets and the global market. Investors fled stocks in Europe and Asia on Monday and rushed into dollars as they tried to deal with the effects of President Donald Trump's decision to impose tariffs that were higher than expected against top U.S. trade partners. Trump, in three executive orders, imposed tariffs of 25% on Mexican imports, most Canadian imports, and 10% on Chinese goods, beginning Tuesday. In the European morning, U.S. S&P futures fell by 1.7% while Nasdaq...

Global shares increased on Friday buoyed by the possibility of lower U.S. interest rates and a U.S.China trade deal following remarks from President Donald Trump, while the yen steadied ahead of an extensively anticipated walking from the Bank of Japan. In an indication of policies to come, Trump informed magnate at the World Economic Online Forum in Davos, Switzerland, on Thursday that he wishes to decrease global oil prices, interest rates and taxes, and warned of tariffs on exports to the United States. I'll require that interest rates drop right away. And similarly, they ought to be dropping all over...

Global shares increased on Friday buoyed by the prospect of lower U.S. interest rates following remarks from President Donald Trump, while the yen steadied ahead of a widely expected rate walking from the Bank of Japan later on in the day. In an indication of policies to come, Trump informed magnate at the World Economic Online Forum in Davos, Switzerland, on Thursday that he wants to decrease global oil costs, rates of interest and taxes, and warned of tariffs on exports to the United States. I'll demand that interest rates drop instantly. And also, they must be dropping all over...

The S&P 500 hit a. record high up on Thursday after U.S. President Donald Trump stated. he would promote lower rate of interest, supplying a fillip to. stock markets amid financier care about his next moves on. trade. In a sign of policies to come, Trump told business leaders. at the World Economic Forum in Davos, Switzerland, on Thursday. that he wants to reduce international oil prices, interest rates and. taxes, and alerted of tariffs on exports to the United States. I'll demand that interest rates drop immediately. And. likewise, they ought to be dropping all over the world, Trump....

Worldwide stocks steadied on Thursday, as a rally sustained by President Donald Trump's budget for artificial intelligence infrastructure fizzled and caution set in over what the new U.S. president's next carry on trade might be. In an indication of policies to come, Trump told business leaders at the World Economic Forum in Davos, Switzerland, on Thursday that he wishes to lower worldwide oil prices, rates of interest and taxes, and cautioned they will deal with tariffs if they make their items abroad. I'll require that interest rates drop instantly. And similarly, they ought to be dropping all over the world,...

Greenland's business-friendly opposition party, Demokraatit The Tuesday Parliament Election The debates about self-rule were dominated by the pledge of U.S. president Donald Trump to seize control of Greenland. Greenland was formally incorporated into the Kingdom of Denmark as a territory in 1953. Copenhagen controlled foreign affairs, defence, and monetary policies. In 2009, the island was granted the right to full independence by a referendum. However, it has not done so. WHAT WERE RESULTS OF THE VOTING? Around 40,500 of Greenland’s 57,000 residents were eligible to cast their vote. A little over 28600 people voted. Inatsisartut is the Greenland parliament. There...

Scania, the Swedish truck maker and shareholder of Northvolt, a struggling battery manufacturer, announced on Monday that it had acquired an alternative supply for battery cells in an effort to diversify their supply chain. Northvolt, once regarded as Europe's top contender for the electric vehicle battery leader, filed for Chapter 11 bankruptcy protection in November last year and is now seeking to raise money and restructure their debt. Scania stepped up to help Northvolt run its flagship factory in northern Sweden, in order to improve quality and production at the electric car battery manufacturer. Scania, owned by Traton, and its...

In a small workshop in Nuuk, the capital of Greenland, goldsmith Nadja Kreutzmann polishes stones and metals mined on this vast island rich in minerals. Her jewellery is decorated with Inuit symbols for life and survival. Indigenous identity in Greenland is resurging ahead of the March 11 general elections called by U.S. president Donald Trump after he said he wanted Greenland to be his. Trump's interest in Greenland has shaken up the status quo. This, coupled with growing Inuit pride has led to some locals viewing the vote as an historic opportunity to free Greenland of Danish influence. Greenland is...

Norsk Hydro, a Norwegian aluminium manufacturer, missed its fourth quarter profit expectation on Friday. Higher costs and weaker downstream demand were only partially offset by high alumina and aluminum prices and positive exchange rates. The adjusted earnings before taxes, depreciation, and amortization more than doubled in the fourth quarter of 2024 to 7,70 billion Norwegian crowns (690.5 million dollars). However, this was below analysts' expectations of 8,28 billion crowns. The 25% tariffs imposed by President Donald Trump on steel and aluminum are increasing U.S. prices, exposing the production gap at home and creating a possible cost increase for producers of...

After the election next month, the mining company who owns the license to Greenland’s Kvanefjeld Deposit is hopeful that the new government will lift the ban on uranium mines. This could lead to the revival of one of the largest rare earth projects in the world. Last month, U.S. President Donald Trump expressed renewed interest in the acquisition of this strategically important Arctic Island. Daniel Mamadou, CEO of Energy Transition Minerals (the Kvanefjeld license holder), said in response to Trump's remarks: "I believe it puts everything related minerals back on track." According to Mamadou, Kvanefjeld ranks among the top three...

Danish jewellery company Pandora announced on Wednesday that it expected sluggish growth in Europe, and a slowdown in Germany following a period of strong growth. Pandora, a company known for its charms bracelets, has reported an operating profit that was in line with expectations. However, Black Friday sales accounted for a larger share of the total, which impacted profitability slightly. The largest jewellery company in the world by volume expects organic growth of 7-8% by 2025. The company had a better organic growth rate of 13% in 2024 than its guidance of 11-12%. Pandora's fourth quarter comparable sales in the...

Sweden's LKAB might provide around 18% of Europe's uncommon earth metal demand in the long term if its north Arctic Per Geijer mine enters production, the company stated on Tuesday as it began building and construction of an associated processing center. Uncommon earths are a group of 17 metals crucial to items from lasers to iPhones and green technology secret to meeting Europe's environment goals. State-owned LKAB broke ground on Tuesday on its 800 million crown ($ 73 million) Lulea plant in northern Sweden, which will process mining waste, including potentially from Per Geijer, into rare earth concentrate, phosphoric acid...

Novo Nordisk's Wegovy and Eli Lilly's Zepbound are up until now the leaders in the weightloss drug market, which is estimated to be worth about $ 150 billion by the early 2030s. There are also a number of other drug developers intending to join the bandwagon. The following is a list of publicly noted business targeting the next huge blockbuster chance: NOVO NORDISK Novo's closely-watched weight problems drug candidate CagriSema assisted overweight patients cut their weight by 22.7% in a. late-stage trial, but that was below its own expectations of up. to 25% reduction. The data compares to weight-loss of...

Tesla implicated Germany's IG Metall union of attempting to sow discontent at the EV maker's gigafactory near Berlin by seeking to oust the head of the works council, in the current sign of the sour relationship in between the 2 sides. IG Metall, Germany's most effective union, stated previously it had filed a movement with a local court to get rid of the plant's. works council head - who is not a member of the union - from the. committee. The union cited infractions to German labour law restricting. IG Metall's influence and avoiding it from properly. representing employees' interests....

Procter & & Gamble has overhauled its supply chain for the small, extrathin strips of stainless steel in its Gillette razors to source from India, a. relocation expected to assist safeguard its margins from any tariffs U.S. PresidentElect Donald Trump may impose. The stainless steel the Gillette-brand razor maker uses is. extremely specialized to avoid nicks and cuts and is just. produced in big amounts by a handful of business, none of. which lie in the U.S., P&G has told the U.S. Commerce. Department in public filings. A Reuters analysis of import records over the previous four. years programs that...

Norwegian aluminium maker Norsk Hydro is no longer buying its battery and green hydrogen companies and will phase out these operations due to the tough market conditions, it stated on Wednesday. As part of its drive to concentrate on green aluminium, Hydro is introducing a new expense cutting programme targeting 6.5 billion Norwegian crowns ($ 582 million) of cost savings by 2030, with an aim of strengthening its aluminium recycling and extrusions operations towards 2030. Battery materials and green hydrogen will no longer be tactical growth locations for Hydro and no more capital will be designated, it stated in a...

Spanish steelmaker Celsa has sold its mills in Britain and Norway to Se.ven GI, the Czech mutual fund said on Thursday, validating an earlier report on news site El Confidencial. A spokesperson for Se.ven GI, owned by billionaire Pavel Tykac, decreased to state just how much the fund had actually spent for the assets after El Confidencial, citing market sources, said the cost tag was 600 million euros ($ 632.10 million). Celsa, Spain's biggest privately owned industrial group, has been working on offering its foreign possessions considering that February under a restructuring strategy. However, its Polish system, its biggest foreign...