Negative interest on government bonds
Denmark has become the first developed economy this year to offer negative interest on government bonds. Reuters reports how Denmark, which was among the first to introduce negative rates in 2012, sold 10-year…
MoreBanks get new safety buffer
The government has increased the counter-cyclical buffer for banks to 1.5% from 1% from June next year to ensure they use the current upswing to prepare for the bad times that may lay…
MoreFinance sector resists EU capital demand
Despite the agreed increase in banks’ counter-cyclical buffer the Danish financial industry is preparing to resist new global rules regarding capital, claiming they’re ‘unnecessary’ and will damage the economy, Bloomberg News Reports. “Basel…
MoreBusiness shorts
$5m investment in tatoos / US boost for Danish sperm test / Tour de France ‘exaggeration’…. A group of wealthy Danes, such as ex-Liverpool footballer Daniel Agger, Hummel boss Christian Stadil, and Games…
MoreImmigration minister relaxes rules at refugee centre
The new government continues to ease up on its predecessor’s strict interpretation of the rules for refugees and asylum seekers. Integration Minister Mattias Tesfaye issued a new set of guidelines, Wednesday, for failed…
MoreNew policy won’t help many refugees
Very few refugees will benefit from the government’s move to allow those who’ve been in Denmark for at least two years, and have a job, to apply for permanent residency, Jyllands Posten reports….
MorePaludan appeals racism rap at High Court
The High Court will today hear anti-Islamist Rasmus Paludan’s appeal against a 14-day conditional prison sentence for racism. In April this year Mr Paludan, leader of the nationalist ‘Stram Kurs’ (Hard Line) party that failed…
MorePM offers official apology to abused kids
When Prime Minister Mette Frederiksen returns from her summer vacation she will apologise, on behalf of the state, to the so-called ‘Godhavns Boys’ who were beaten, abused and subjected to medical experiments when…
MoreDPP MEP supports anti-EU demonstration at European parliament
When Brexit Party MEPs defiantly turned their backs during the EU’s anthem as the European Parliament returned, Tuesday, they were joined by the Danish People’s Party’s Peter Kofod who declined to stand up…
MoreWatchdog to probe banks’ excessive fees
After it was revealed last week that thousands of customers have been overcharged by Danske Bank, the Financial Supervisory Authority (FSA) has launched an investigation into whether other banks have recommended loss-making investment…
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