The Week That Was, August 6th – August 12th 2018

Posted on 13. Aug, 2018 in: TWTW

Politics/Economy

The division on the right deepened - Liberal Alliance leader Anders Samuelsen said he would fight to keep the current Lib/Con/LA coalition together after the next election if the centre-right wins but couldn’t guarantee support for a potential Liberal/Danish People’s Party (DPP) only government.

Leading economists warned the government’s hard-line immigration policy that restricts the influx of skilled labour and an increase in public spending could cause the economy to overheat.

The Danish Agriculture & Food Council warned that the agricultural sector is facing a potential DKK6.4bn ($1bn) loss because of the drought.

EU/Foreign Affairs:

Foreign Minister Anders Samuelsen was accused of being ‘too weak’ for failing to condemn Saudi Arabia for imposing trade and diplomatic reprisals on Denmark’s NATO partner, Canada.

Danish People’s Party leader Kristian Thulesen Dahl admitted he’s monitoring Great Britain’s exit negotiations with the EU very closely to see if they provide a road map for a possible Danish pull-out – he also urged the government to challenge the EU’s reluctance to offer Great Britain a fair deal.

Despite increased tensions with Russia, Denmark’s gas purchases from the country have increased six-fold since 2013.

The government agreed to adopt the OECD’s directive regarding how much expenditure on refugees can be considered development aid.

Denmark has been selected by The World Bank Group (WBG) and the UN High Commissioner for Refugees (UNHCR) as host country for a new Joint Data Centre on Forced Displacement.

The U.S. authorities approved the sale of up to 50 air to air missiles to Denmark at a price of around one billion kroner ($152m).

Former US President Barack Obama will take part in a Q&A forum at the University of Southern Denmark on September 29th.

Social Affairs:

Danish companies are finding it increasingly difficult to attract east-European workers - a new report by the Danish Employers Confederation (DA) showed only nine out of 100 new jobs are taken by migrant workers from east Europe today, compared to 63 five years ago.

Danish youths are reportedly attending military-style training camps in France this month run by the anti-immigrant Génération Identitaire (GI), a right-wing group that opposes multiculturalism, mass immigration and the ‘Islamisation of Europe’.

French-Algerian businessman Rachid Nekkaz announced he’s coming to Denmark next month to reimburse any Muslim woman who’s received a fine for wearing a full-face veil.

More than 21% of Copenhagen residents are foreign born, compared to 14% twenty years ago.

A number of leading journalists were formally charged in connection with the scandal surrounding the controversial whistleblower book,  Syv år for PET (Seven years with PET – Danish Intelligence).

A regional Liberal lawmaker sparked off a controversy by suggesting that kids who aren’t overweight when they celebrate their confirmation (age 13-14) should be rewarded with a DKK22,000, tax-free bonus by the local authority.

Gay rights organisations declined an invitation from US ambassador Carla Sands to attend a reception at the US Embassy to celebrate the annual Copenhagen Pride festival.

Copenhagen Fashion Week got underway with a political statement when an Iranian-born designer showcased models wearing burqas and dressed as police officers.

To read all the above articles in full see:  http://seven59.dk/archive (subscription required)

Business:

The State Prosecutor’s Office for Serious Economic and International Crime (Søik), popularly known as the fraud squad, launched an investigation into Danske Bank for alleged money-laundering offences in Estonia.

Partially state-owned energy giant Ørsted, formerly DONG, agreed to buy US onshore wind developer Lincoln Clean Energy (LCE) for around DKK3.6bn ($580m).

A.P. Moller-Maersk, the world’s biggest container shipper, slashed its 2018 earnings forecast on Tuesday due to weak second-quarter freight rates and higher prices for bunker fuel.

Pandora fired its chief executive, Anders Colding Friis, after shares in the Danish jewellery maker plunged by a fifth to their lowest level in more than four years.

Copenhagen Airport experienced record commuter figures during the first six months of the year but turnover and profit dropped due to reduced fees for airlines.

The Confederation of Danish Industry (DI) predicted Danish companies could be hit for billions of kroner as US sanctions are imposed on Iran - global engineering company Haldor Topsoe has already announced plans to cut around 200 jobs from its workforce of 2,700 due to the sanctions.

Novo Nordisk, the world’s top insulin maker, posted a rise in net profit in the second quarter to DKK10.34bn ($1.5 billion) up by four percent year-on-year, but saw its shares fall as it anticipated lower US prices next year.

Danish insulation giant Rockwool’s plans to build a new factory in a small town in the U.S. state of West Virginia have been met with massive resistance from local citizens.

And That Was The Week That Was, August 6th – August 12th 2018: To read all the above articles in full see: http://seven59.dk/archive (subscription required).

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