In a statement to the media, German Chancellor Olaf Scholz said, Germany has pledged $10.51 billion (10 billion euros) to help India achieve its climate goals following a meeting with Indian Prime Minister Narendra Modi in Berlin. Both leaders highlighted… Read More ›
Denmark
World Bank approves $723M loan and grants for Ukraine
On Monday, the World Bank said its executive board has approved a $723 million loan package and grants for Ukraine. The move is aimed at providing desperately cash to the Ukrainian government to support its budget even as it battles… Read More ›
Denmark boosts defense spending to 2% of GDP by 2033
In a statement Danish Prime Minister Mette Frederiksen said, Denmark will significantly increase its defence budget and aims to slash its dependence on Russian natural gas following Russia’s invasion of Ukraine. Denmark aims to increase its defence spending gradually to… Read More ›
EU suspends Russia, Belarus from Council of Baltic Sea States
In a statement the European Union said, it has joined members of the Council of the Baltic Sea States (CBSS) in suspending Russia and Belarus from the Council’s activities. “This decision is a part of the European Union’s and like-minded… Read More ›
Moller-Maersk in advanced negotiations to acquire LF Logistics for $3 billion
According to sources familiar with the matter at hand, Denmark based A.P. Moller-Maersk is in an advanced stage of negotiations to acquire Hong Kong based LF Logistics for around $3 billion. An announcement for the potential deal could be made as… Read More ›
Israel adds Britain, Denmark to red list to contain Omicron spread
In a statement Israel said, it has added Britain and Denmark to its “red” list of countries that its citizens are forbidden to visit to contain the spread of the Omicron variant of the Wuhan Coronavirus. The travel restrictions will… Read More ›
Discussions at COP26 focus on climate finance
On Monday, Governments are scheduled to push for an agreement to help vulnerable countries deal with global warming and compensate them for damages that have already occurred, in what is likely to be a test whether rich nations and developing… Read More ›
20 countries pledge to stop public funding of fossil fuel projects abroad by 2022
Twenty countries, including the United States and Canada have agreed to stop public funding of fossil fuel projects abroad by the end of 2022 and instead steer spending into clean energy. The commitment has been termed as a “historic” step… Read More ›
EU countries should present a united front in COP26 negotiations
According to sources familiar with the matter at hand, countries from the European Union should do more to iron out burrs in their negotiating position vis-à-vis the COP26 climate change conference, following emergence of rifts over timeframes for emissions-cutting pledges…. Read More ›
Sweden deepens defense cooperation between Norway Denmark midst tensions with Russia
According to a news bulletin from Sweden’s TV4, Stockholm is set to sign a defence cooperation agreement with Denmark and Norway in an effort to counter a deteriorating security situation in the Baltic region. Although Sweden is not a NATO… Read More ›