Denmark considering joining the eurozone
Denmark’s Prime Minister, Anders Fogh Rasmussen, has announced that he hopes a referendum will be called to decide whether Denmark should join the eur...
Scandinavian airline Sterling goes belly up
The latest budget airline to call it quits is Copenhagen-based Sterling, which announced on 29 October that it was cancelling all flights immediately....
Norway refuses to cut oil output
Despite the dramatic decrease in the price of a barrel of oil from its peak near USD 150 a few months ago, Norway has emphatically stated it has no pl...
Norway’s largest bank raided for insider trading
A specialist team from Okokrim, the Norwegian white-collar crime unit, stormed into the headquarters of DnB NOR and arrested two employees on charges ...
Economic crisis bogies Sweden’s golf courses
In difficult economic times, luxury items are usually the first things to go. Golf clubs across Sweden are feeling the pinch as duffers keep their iro...
Norway’s famed Hurtigruten shipping line in distress
More bad news came this week as crew members of the MS Vesteralen were informed that their ship would be removed from service when it returns to port ...
Tromso’s 2018 Winter Olympic dream over
In the end it was the price tag that sank Tromso’s bid for the 2018 Winter Olympics. In these uncertain economic times, nearly every organisation in N...
Volvo to lay off 3,000 staff in Sweden
On the back of a previous announcement to lay off 2,900 staff earlier this year, Volvo has revealed it plans to make an additional 3,000 employees red...