Denmark bails out its banks
Following the lead of many other countries around the world, Denmark’s government has agreed to extend a 100 billion kroner (USD 17.8 billion) credit ...
Swedish economy hits 30-year low
Sweden’s government has released data showing the nation’s economic growth has slowed to its weakest levels in more than 30 years. Anders Borg, Sweden...
Origins of the current economic downturn in Iceland
An article written by Georg Brynjarsson, sourced from his University of California research paper in business: After 5 years of the highest growth in ...
Latvia bailed out by Denmark and Sweden
In a gesture of help to struggling Latvia, the central banks of Denmark and Sweden have offered the small Baltic nation a credit line worth EUR 500 mi...
SAS axes 5,000 departures from Copenhagen
The financially squeezed Nordic carrier, Scandinavian Airlines, has announced it will be cutting 5,000 of its normally scheduled departures from Copen...
Finnair planning huge staff cuts
Finnair, the national carrier of Finland, has announced plans to lay off nearly 1,700 cabin crew in a bid to cut costs and maintain profitability. Air...
Sterling Airways bailout falls through
The bankrupt budget carrier Sterling Airways, which is based in Copenhagen, has lost the confidence of the venture capital firm Axcel that was plannin...
Norway’s government bails out its main shipping line
Norway’s largest shipping line Hurtigruten has been struggling to stay afloat in recent weeks as the global financial crisis has been trying to sink i...