Maersk shares plummet after Baltimore bridge collision
Shipping giant Maersk’s share price dropped over three percent after its vessel DALI collided with Baltimore’s Francis Scott Key Bridge, causing extensive damage. Hours after the collision, Maersk announced that it would cease…
MoreWarship on its way back home
The warship Iver Huitfeldt is heading back to Denmark after completing its seven-week mission in the Red Sea as part of Operation Prosperity Guardian. Earlier this month, the vessel successfully intercepted four drones…
MoreRyanair wins ticket refund battle
Ryanair has emerged victorious in a significant legal tussle at the Supreme Court regarding ticket refunds for a cancelled flight. The case, sparked by two passengers left unreimbursed due to their disrupted travel…
MoreShoplifting on the rise
Shoplifting incidents are on the rise, with 13,523 fines or prison sentences issued in 2023, marking a 29% increase compared to 2022 and the highest level since 2014. Supermarket chain Coop has reported…
MoreSAS reports new multi-million loss
SAS continues to struggle. The airline lost nearly DKK1.5bn ($217m) over the 3-month November – February period, including DKK535m ($77m) last month alone, despite living up to revenue expectations. Since 2022, SAS has…
MoreLeading accounting firm hit with DKK105m fine
PricewaterhouseCoopers (PwC) has been ordered by a court in Lyngby to pay almost DKK105m ($15.8m) in compensation for endorsing an annual report that violated good accounting practices. The case revolves around the acquisition…
MoreRoyal family – a national loss maker
The Royal Family has announced a deficit of just over DKK1m ($150,000) for last year. Analysts attributed the loss to a year filled with numerous activities and sustained high prices. In comparison, the…
MoreDanish tank delivery to Ukraine faces further delays
Despite pledging to deliver 80 Leopard 1 tanks to Ukraine by the end of 2023 only 30 have reached the battlefield to date. In April 2023, a consortium consisting of Denmark, Germany, and…
MoreMaersk ends search for lost containers
Maersk has stopped its search for shipping containers lost at sea during a Christmas storm. The 18,000-ton Mayview Maersk lost 46 containers off the Northern Jutland coast amidst the battering of Storm Pia….
MoreWealthy gain from loan rate drop
Banks’ interest rates have experienced a surprising decline this year. Despite widespread perceptions of banking greed, data from Samlino, an online comparison portal, shows that average interest rates offered to customers have dropped…
More