Europe – Scandinavia

Boeing MAX groundings effect Norwegian Air 2019 profit target

The grounding of Norwegian Air's fleet of Boeing 737 MAX aircraft may undo the carrier's plan to return to profitability this year, it said while posting a widening first-quarter loss…

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EBA ends probe of Estonian, Danish regulators over Danske Bank

The European Banking Authority (EBA), the EU banking watchdog, terminated an investigation of financial regulators in Estonia and Denmark in relation to suspected money laundering activities by Danske Bank after…

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Finnish police deal big blow to cocaine trafficking ring

Finnish police said they have cracked a large cocaine ring in the Tampere region which imported 13 kilos of cocaine from the Netherlands to Finland in 2017-2018 and involved dozens…

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ECB looking into Swedbank’s Estonian operations

The European Central Bank (ECB) is looking into Swedbank's Estonian operations, Swedish daily Dagens Nyheter reported on Wednesday, citing an undisclosed source. Sweden is not part of the eurozone but…

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Swedbank Chairman resigns over money laundering scandal

Lars Idermark, resigned as Swedbank Chairman, just a week after the bank’s chief executive was ousted over her handling of a money laundering scandal. In his resignation letter, Idermark said…

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No probe into Swedbank over Browder complaint

The Swedish Economic Crime Authority said on Monday it had decided against opening a probe into Swedbank in relation to a criminal complaint over money laundering allegations brought by…

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Denmark to deprive jihadists’ children of their citizenship

The Danish Immigration Ministry in a statement announced that children born abroad to Danish citizens who fought alongside Islamic militants will no longer receive Danish citizenship. "As their parents have…

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Assault on Finnish Foreign Minister foiled

The rapid response of the security detail around Finnish Foreign Minister Timo Soini prevented would could have been a serious incident. A man wearing a t-shirt of an anti-immigration group,…

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Swedbank lambasted by Swedish Minister

Per Bolund, Sweden’s financial market minister, criticised Swedbank after the bank released a short and highly redacted report into a money laundering scandal. See full report here Bolund’s comments to…

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Internal 2018 Swedbank report shows billions in ‘suspicious’ Baltic transfers

Swedish state television SVT reported that in September, an internal Swedbank report showed that between 2007-2015 some $10 billion of transactions between suspicious customers of Swedbank and Danske Bank in…

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Finland’s Government resigns

Finland’s Prime Minister Juha Sipila will this morning be submitting the resignation of his Government to President Sauli Niinisto. Sipila decided to submit the resignation after the government's biggest project,…

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Five people injured in a shooting in Malmo – not terror related

Euronews: Five people were injured in a shooting in Sweden's third biggest city Malmo on Monday night, according to police, who said the incident was not terror related. Local police…

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Uzbek man sentenced to life imprisonment by Swedish Court after terrorist attack in Stockholm in 2017

A Swedish court sentenced Rakhmat Akilov, a failed Uzbek asylum seeker, to life in prison on Thursday for killing five people and injuring another 10 when he slammed a stolen…

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Denmark bans Burqa and Niqab

Denmark has joined Austria, France and Belgium in banning garments that cover the face, including Islamic veils such as the niqab and burqa. In a 75-30 vote with 74 absentees on Thursday,…

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Iceland first country having a petition to boycott next year’s Eurovision

More than 18,000 people have signed a petition calling for Iceland to boycott next year’s Eurovision Song Contest in Israel, citing human rights violations against Palestinian people, Euronews reports. The…

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Sweden, Finland, US sign security agreement

The defence ministers of Sweden, Finland, and the US met in Washington to sign a trilateral letter of intent to reinforce their security cooperation. Peter Hultqvist of Sweden, Jussi Niinistö…

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European fintech eyeing stock market listing

Europe’s biggest fintech IPO is looming after Swedish fintech start-up iZettle announced plans to join the Nasdaq Stockholm stock exchange later this year. The company is seeking to raise SEK2…

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