City Copenhagen Financial News

COPENHAGEN (Reuters) -Denmark's King Frederik X ascended the throne on Sunday, succeeding his mother, Queen Margrethe II, who formally abdicated after 52 years as monarch, with big crowds gathered in the capital to witness history.

Copenhagen: Denmark's King Frederik X ascended the throne on Sunday, succeeding his mother, Queen Margrethe II, who formally abdicated after 52 years as monarch, with big crowds gathered in the capital to witness history. Margrethe, 83, stunned the nation on New Year's Eve when she announced she planned to become the first Danish monarch in nearly 900 years to voluntarily relinquish the throne. The succession was formalized the moment Margrethe signed the declaration of her abdication during a meeting of the Council of State at parliament, the royal palace said.

Davos on Sunday to discuss a peace formula for Ukraine, with India and many other nations pushing for the restoration of peace in the war-hit country. A representative of the Swiss Foreign Ministry, which co-hosted the meeting along with Ukraine, said, «By organising the meeting, Switzerland continues to support Ukraine in achieving this goal». This was the fourth NSA meeting on the peace formula proposed by Ukrainian President Volodymyr Zelenskyy in 2022, which follows ten principles aimed at ensuring a just and lasting peace in Ukraine.

Deputy national security advisor (NSA) Vikram Misri will represent India at a peace meeting on Ukraine in Davos this weekend and is expected to suggest creation of a formula that is acceptable to all sides. India will emphasise on a holistic approach to creation of peace formula that should involve presence of all stakeholders in talks and the process for a durable peace, said people with knowledge of the matter. Misri will drive home India’s long-standing position on dialogue and diplomacy as the way forward to end the conflict, they said. This is the fourth edition of peace talks under the Copenhagen format led by NSAs.

NSA) Vikram Misri will represent India at a peace meeting on Ukraine in Davos this weekend and is expected to suggest creation of a formula that is acceptable to all sides. India will emphasise on a holistic approach to creation of peace formula that should involve presence of all stakeholders in talks and the process for a durable peace, said people with knowledge of the matter. Misri will drive home India's long-standing position on dialogue and diplomacy as the way forward to end the conflict, they said. This is the fourth edition of peace talks under the Copenhagen format led by NSAs.

Impax CEO Ian Simm (pictured) said the acquisition is 'an important step' in the 'continued enhancement' of the firm's fixed income offering.

By Jacob Gronholt-Pedersen

Queen Margrethe II of Denmark, recognized as Europe's longest-serving monarch, declared her intention to abdicate on January 14. The throne will be inherited by her eldest son, Crown Prince Frederik. “I have decided that now is the right time.

By Jacob Gronholt-Pedersen

By Jacob Gronholt-Pedersen and Ahmed Elimam

Erik ten Hag is currently the favorite to be the next manager dismissed after Manchester United's defeat against West Ham. The match, initially uneventful, saw a rise in excitement with Lucas Paqueta's brilliant assist leading to Jarrod Bowen's goal in the latter part of the second half. Mohammed Kudus secured a second goal shortly thereafter, leaving Manchester United without a response.

bits and bobs but, overall, nobody has actually gained. The United Nations began the annual climate change conference almost three decades ago to limit greenhouse gas emissions and decelerate global warming. It did not take long for global politics to hijack the entire process, and to suborn the multilateral process with a predominantly Western development model.

Maersk Tankers is to insist its fleet of fuel carriers have the option to avoid the Red Sea following an escalation in attacks on merchant ships in the area. The decision, set out in a notice seen by Bloomberg, doesn’t mean Copenhagen-based Maersk Tankers ships will dodge the area — and by extension Egypt’s Suez Canal — but it gives the firm discretion to do so. Houthi militants, aligned with Iran, are attacking vessels with ties to Israel when they pass through the Red Sea, causing insurance costs to increase. Maersk’s notice opens the door to a practice — extending voyages by thousands of miles to sail around Africa — that could disrupt energy flows were it to be widely adopted in the market. Ships that detour would burn hundreds of tons more fuel and deliver their cargoes days later. Maersk Tankers is what’s known in the shipping industry as a pool operator, meaning it commercially manages tankers for numerous owners, listing a 131-strong fleet on its website. The firm is separate to A.P.

Making the decision to live and work abroad is a huge undertaking, especially if you’re uprooting your family. And perhaps the biggest question of all is: “Where do we go?”

COPENHAGEN (Reuters) — Swedish pension fund Alecta said on Tuesday it had been appointed by a U.S. court to lead a class action against First Republic Bank (OTC:FRCB) aimed at recovering as much capital as possible that investors lost when the bank collapsed earlier this year.

COPENHAGEN (Reuters) — Volvo (OTC:VLVLY) Cars' sales grew 8% in November from a year earlier to 63,682 cars, the Sweden-based group said on Monday.

Manchester United manager Erik ten Hag insisted his side are going in the right direction despite a 3-3 draw at Galatasaray on Wednesday that leaves the Red Devils on the brink of Champions League elimination. United twice let a two-goal lead slip in Istanbul as costly errors from goalkeeper Andre Onana and poor finishing left them still bottom of Group A. Ten Hag's side need to beat Bayern Munich in their final match at Old Trafford to have any chance of qualifying. But even victory over the German champions will not be enough if Galatasaray beat FC Copenhagen in two weeks' time or the Danish champions take at least four points from their final two matches. «We are going in the right direction so I know we will be successful in the long-term but if you want to stay in the Champions League you need to win these games,» said Ten Hag. «I was pleased with how we played but at the same time I have to criticise the team because the defending is not good enough.

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COVID-19 drug, dexamethasone, may have less beneficial effects for patients in India as compared with those in Europe, according to a study published in The Lancet Regional Health — Southeast Asia journal. The study looked at how well a strong dose of dexamethasone worked for COVID-19 patients. It considered factors like patient differences and health systems.

MEXICO CITY/COPENHAGEN (Reuters) — A Danish fund will invest $10 billion in a development hub in southern Mexico to produce green hydrogen for ships and to replace fossil fuel use, Mexican President Andres Manuel Lopez Obrador said on Friday.

COPENHAGEN (Reuters) — A group of U.S. pension plans has lost a bid to block Denmark's tax agency from pursuing millions of dollars from them in a «cum-ex» tax fraud case after a judge in a New York district court ruled the trial could proceed.