Seven Giltnir Bank investors and officials, including Jon Asgeir Johannesson, are being sued for conspiring to snatch control of USD 2 billion to benefit their own “failing companies,” Reuters reports.
Tag Archive | "global economic crisis"
Iceland Glitnir Bank investors sued for siphoning $2 billion
Posted on 12 May 2010.
Posted in Business, General, Iceland, International, MBL, United StatesComments (9)
Finnair could trim up to 1,200 jobs
Posted on 07 June 2009.
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 Finnish national carrier is presently in talks with its employees over ways to save money, but the end result could leave up to 1,200 Finnair staff members out of [...]
Posted in Business, Finland, International, MBL, Society, TravelComments (0)
Ericsson suffers drop in profits
Posted on 07 May 2009.
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 world’s leading supplier of mobile phone network equipment is still managing to beat the gloomy predictions of market analysts, however.
Posted in Business, International, MBL, SwedenComments (0)
Kreppa keeps Spanish fighters at home
Posted on 07 March 2009.
The Spanish military has announced that it will not be patrolling Icelandic airspace this summer as had been previously agreed.
Posted in General, Iceland, International, MBLComments (19)
More than 200 Danes losing jobs every day
Posted on 07 March 2009.
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. This brings to total number of unemployed Danes to more than 64,000 people.
Posted in Business, Denmark, International, MBL, SocietyComments (1)
Finland’s Nokia plans voluntary redundancy
Posted on 06 March 2009.
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 giant is offering a voluntary resignation package along with other voluntary options to encourage its employees to quit in what Nokia calls a “challenging market environment.”
Posted in Business, Finland, International, MBL, SocietyComments (0)
Copenhagen’s sexiest museum closing shop?
Posted on 11 February 2009.
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 Copenhagen’s Museum Erotica may be closing down. The sex-centred museum is facing bankruptcy if no one else steps forward to provide the cash to keep this unique venue open to [...]
Posted in Business, Culture, Denmark, MBL, Society, TravelComments (2)
Scandinavian Airways trims workforce by nearly half
Posted on 11 February 2009.
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 its entire global workforce as part of its massive restructuring plan. The move by the Nordic carrier comes on the heels of huge profit losses of 6.32 billion kronor (USD [...]
Posted in Business, Denmark, International, MBL, Norway, Scandinavia, Sweden, TravelComments (1)
