Norway completes controversial seismic survey near Lofoten Islands
Despite the outcry from local environmental groups, the Norwegian energy authority has wrapped up a full seismic survey of the Arctic waters around th...
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Information and news on Business and Finance related issues
CDS levels in Iceland continue to fall
CDS spreads on Icelandic banks improved significantly last week, according to research from Nordic bank Glitnir. Kaupthing’s CDS level fell by 3...
IKEA expands efforts to encourage green lifestyles
Greenbiz.com reports that over the next five years, IKEA will invest some USD 77 million in clean technology start-ups specialising in green tech prod...
Air carrier Norwegian asks employees to take wage cut
In its latest bid to cut costs, airline Norwegian has asked its employees to take a wage cut. Staff who accept the wage cut of between 5 and 10 per ce...
Sweden may allow competition for its alcohol monopoly
In a surprising, but widely welcomed move, the Swedish government says it may be ready to allow private shops to sell alcohol, the Financial Times rep...
New leadership at Actavis pharmaceuticals
Actavis has announced a number of senior appointments at the international generic drugs company. Gudbjorg Edda Eggertsdottir has been appointed as De...
Norway irks its farmers, but collapse of global talks appeases
Last week’s collapse of the World Trade Organisation (WTO) talks in Geneva is causing soul searching among governments and NGOs, but was the cause of ...
European Union allows Denmark to bail out Roskilde Bank
In the latest global banking bailout, the European Union gave Denmark permission to rescue Roskilde Bank, which has been weakened by the subprime hous...