Iceland Glitnir Bank investors sued for siphoning $2 billion
Seven Giltnir Bank investors and officials, including Jon Asgeir Johannesson, are being sued for conspiring to snatch control of USD 2 billion to bene...
Finnair could trim up to 1,200 jobs
Like most airlines around the world, Finnair is struggling to find ways to cut costs as the number of global air travellers continues to slump. The Fi...
Ericsson suffers drop in profits
The Swedish mobile phone giant, Ericsson, has suffered a 30 percent drop in its first quarter net profits compared to the same period in 2008. The wor...
More than 200 Danes losing jobs every day
The latest government employment figures released for January show that an average of 238 people lost their jobs in Denmark each day during the month....
Finland’s Nokia plans voluntary redundancy
It seems it’s now mobile phone maker Nokia’s turn to trim its workforce in a bid to control costs and maintain profitability. The Finnish mobile phone...
Copenhagen’s sexiest museum closing shop?
With the Copenhagen City Council pulling its funding this year and a group of private investors backing out of a pending deal, it looks like Copenhage...
Scandinavian Airways trims workforce by nearly half
In the most dramatic instance of recent cutbacks in the aviation industry, Scandinavian Airways (SAS) has made the tough decision to axe 40 percent of...
Finland’s GDP to shrink two percent this year
The Finnish ministry of finance stated on its website that it expects the nation’s gross domestic product (GDP) to drop by more than two percent in 20...