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Value of Norway’s Sovereign Wealth Fund Rises in H1 2024

Oslo, August 14, 2024 – The value of Norway's sovereign wealth fund, the largest in the world, increased by 1.475 trillion Norwegian kroner (approximately...

Central Bank’s Monetary Policy Hinders High Economic Growth, Says Polish PM

Warsaw, August 13 – The restrictive monetary policy of Poland's central bank is making it difficult for the country to achieve strong economic growth,...

Carlsberg Raises 2024 Profit Forecast Despite Weak Q2 Sales

Copenhagen, August 13 – Danish brewer Carlsberg raised its full-year profit growth forecast on Tuesday, despite reporting weaker-than-expected sales in the second quarter. The...

Henkel’s Profit Surges Over 80% in H1 2023

Düsseldorf, August 13 – German consumer goods giant Henkel reported a significant profit surge of over 80% in the first half of 2023. The...

German Steelmaker Salzgitter Fell into Loss in Q2

Frankfurt, August 12 (FFN) - German steel company Salzgitter reported a loss for the second quarter, partly due to a decline in revenue caused...

Global Wind Turbine Manufacturer Vestas Lowers Full-Year Outlook

Copenhagen, August 12 (FFN) - Danish company Vestas, the world’s largest manufacturer of wind turbines, has announced that it expects to report a loss...

Gazprom Continues Gas Deliveries Through Sudzha, Sunday Supply Exceeds 39 Million m³

Moscow, August 11 (TASR) – Russian energy giant Gazprom plans to deliver over 39 million cubic meters (m³) of gas to Europe via Ukraine...

Norwegian Salmon Farmers Face Climate Change Challenges

Oslo, August 10 (FFN) - Norwegian salmon farmers are grappling with the adverse effects of the El Niño climate pattern, which has led to...

Uniper to Repay German Government €3.4 Billion

Düsseldorf, August 8, 2024 – German energy giant Uniper, which was bailed out by the government during the 2022 energy crisis triggered by Russia's...

Nivea Parent Company Beiersdorf Misses Q2 Profit Estimates Amid China Slowdown

Hamburg, Germany, August 8, 2024 – Beiersdorf, the German cosmetics company best known for its Nivea brand, reported a decline in operating profit for...

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