Fire…and hire
While companies continue to fire workers in this country, Danish business life is flourishing in China. The top-10 Danish companies operating in China employ a total of 133,000 workers today, a 17% increase…
MoreVestas accounts under the microscope
Vestas has been accused of cosmetically enhancing its accounts to cover up a drop in earnings. The weekly business newsletter, Økonomisk Ugebrev, claims today that by changing its accountancy methods, Vestas has created…
More7.59 – Danish News Today – The Week That Was, November 14th – 20th, 2011
Politics/Economy Two opinion polls signalled bad news for the government. A Gallup poll indicated an eight seat victory for the centre-right opposition if an election was held today, while a Rambøll poll for…
MoreConsumer crisis hits reail sector
The retail trade is shedding workers at an alarming rate, new figures show. Over 25,000 shop workers lost their job between 2009-2010 as owners closed down or reduced staff due to plummeting sales….
MoreElectrification for trains row grows
Attempts to reach a cross-party consensus on proposals to rush forward the electrification of part of the Danish rail system collapsed rapidly yesterday, reports the press today. While all parties are in agreement…
MoreMild winter predicted for Denmark
After two severe winters, with months of freezing cold, ice and snow, the Danish Meterological Institute, (DMI), today predicted a much milder winter for Denmark for 2012/13. Temperatures should be almost 3 degrees…
MoreBack to square one for Vestas boss
Vestas’ stock market value has dropped to under DKK15bn, the same level as when business sector ‘wunderkind’ Ditlev Engel became CEO in 2005. Shares in the wind-energy giant experienced a sharp, 3% dip…
MoreMerkel: Danish Presidency can help to build bridges
Danish Prime Minister Helle Thorning-Schmidt said it first (http://seven59.dk/danish-pm-will-unite-cameron-merkel) and now Germany’s Chancellor Angela Merkel has repeated it – Denmark’s EU Presidency next year can help to unite the 17 eurozone members and…
MoreDenmark drops EU agriculture demands
Denmark has given up its long fight to get the EU to abolish agriculture subsidies. Faced with the economic crisis and fragile political climate in Europe, both wings of Parliament have been forced…
MoreGovernment votes down motions it supported
Two motions that would allow a minority of MP’s – 40%- to launch an independent inquiry into any alleged political ‘misdeeds’ were voted down in parliament, Thursday, even though the government coalition parties…
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