Category: Trade

Chinese nuclear company buys majority in Swedish wind farm

China’s CGN has bought the majority of shares in a Swedish windfarm still under construction. When finished, it will be the largest onshore farm in Europe. In the northeast of Sweden, on the western coast of the Bothnian Bay by the town Piteå, a large windfarm is under construction. Actually, it’s among the very largest…

China removes restrictions: Norwegian salmon export will triple

The fear of salmon anaemia and other variants of the virus caused China to ban certain imports of Norwegian salmon in 2015. The ban has been lifted, which may cause the export from Norway to triple in the latter part of 2018. In 2015 there was discovered traces of salmon anaemia and other variants of the virus…

The company behind illegal North Korean arms trade was a customer of Danske Bank

The biggest banking scandal in the modern history of Denmark continues to add new unexpected shades to the story. The scope of the Danske Bank money laundering scandal is greater than expected according to the Danske Bank CEO. Back in 2009, the bank was involved in a criminal case about illegal trafficking of North Korean…

Chinese popular foam toys “squishies” pose a threat to health

Found of toxic chemical substances in popular foam toys from China makes The Danish Environmental Protection Agency advise people to throw out all “squishies”. A study on 12 squishies carried out by The Danish Environmental Protection Agency showed that 12 out of 12 squishies contained toxic chemical substances (dimethylformamide). This find causes the agency to…

Finnish experts to speak at Asian Paper Bangkok

Three different experts from Finnish companies will hold presentations during the Tissue World and Asian Paper Bangkok 2018 (June 6-8, 2018). The two long-standing events have merged to offer “an exclusive and invaluable business opportunity to all regional and international industry players operating in the sector of the Pulp, Paper, Tissue, Packaging and related industries”.…

OW Bunker’s top management was misled by the Singapore boss

The head of the subsidiary Dynamic Oil Trading is sentenced to prison for losses of 90 million dollars. The top of the OW Bunker Group was not aware of the huge risks, which were hidden in the bookkeeping, the court in Denmark states. The bankrupt of the OW Bunker Group in 2014 has led to…

Chinese Chamber of Commerce launches in Copenhagen

On the 8th of May, a Chinese Chamber of Commerce (CCCD) finally opened in Denmark, with 16 founding members to cut the ribbon and promote trade between the two countries. And the Chinese enterprises behind the chamber, 16 companies, has made investments in Denmark totalling to about 2 billion kroner and created over a 1.000…

Novo Nordisk to offer diabetis treatment to Myanmar children

The Danish pharmaceutical company Novo Nordisk will provide free treatment to Myanmar children suffering from type 1 diabetis. The treatment will include medicating the children with Novo Nordisk’s products but also educate doctors and nurses in treating the disease, which, according to a spokesman from Novo Nordisk, kills 60.000 Myanmar citizens – or at least…

Dragon Slide: Learn about start-ups in China

“For anyone with true global business and career ambitions, China is no longer an elective course, it is core curriculum.” As written numerous times before, not only by ScandAsia but pretty much every respectable business magazines, China is no longer just a market, it is ascending towards the market, the land of milk and honey.…