Denmark freezes aid to Uganda
Denmark has joined a number of other countries in freezing aid to Uganda after it emerged that millions of dollars in development funds were channelled through the Prime Minister Amama Mbabazi’s office and…
MoreEU jobless rate rises again
Denmark’s unemployment rate (8.1 per cent in August) remains slightly below the EU average. New figures published by Eurostat, the statistical office of the European Union, show that 10.6% of people in the…
MoreDanish capital gains tax stunts productivity, growth says CEPOS
Right-leaning think-tank CEPOS has urged the government to reform capitals gains tax on shares, which a new report shows is the highest in the OECD. Head of CEPOS, Mads Lundby Hansen, said the…
MoreLiberals demand business concessions in budget
The Liberals continue to demand more concessions for the business sector in next year’s budget. After a day of meetings at the Finance Ministry, the leading opposition party said it was prepared to…
MoreExcessive coverage of US election
The Danish media has gone overboard in its coverage of the US presidential election, according to experts, with 5,000 printed articles and massive TV and radio coverage over the past ten months. Senior…
MoreEast European workers underpaid
Danish job recruitment agencies are paying workers from Eastern Europe an hourly wage as low as DKK47 – around half of an average Danish wage. Private employment agency arbejdsudleje. dk (Work Hiring), which supplies…
MoreDanske Bank shareholders lose 9 billion kroner in one day
The Danske Bank’s new ‘strategy plan’ – including a DKK7bn equity issue and 1,000 new redundancies -was greeted with scepticism by Copenhagen Stock Exchange, Tuesday. The bank’s share price dropped dramatically, from DKK103.7…
More‘Various sources’ passed on Kinnock gay rumour
Rumours about Prime Minister Helle Thorning Schmidt’s husband’s alleged homosexuality came from various sources, former BT editor in chief Peter Brüchmann told the Tax Commission today. He testified that the story was ‘extremely…
MoreSAS launches new crisis plan
Financially-pressed airline SAS has launched a new crisis plan aimed at raising 6 million Swedish kroner – 3 million through increased efficiency and the same amount from the sell-off subsidiary companies. Management was…
MoreMore Danske Bank redundancies
The Danske Bank has announced further staff cuts. An additional 1,000 employees will be fired between 2013 and 2015, on top of the 2,000 redundancies already planned as part of a massive cost-cutting…
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