Latest Scandinavian China & Hong Kong News

Contaminated eggs scandal spreads from Europe to Hong Kong

Millions of eggs have been pulled from supermarket shelves across Europe and dozens of poultry farms closed since the discovery of fipronil in eggs, which can harm human health, was made public on August 1. On Friday, The European Commission called for a special meeting as new discoveries on contaminating eggs were made. Denmark announced…

Modern slavery risks increase in the Nordic countries but it looks better for Thailand

Modern slavery increases more rapidly in Europe – including in Denmark, Sweden and Finland – than in any other part of the world. This is happening do to the intensifying number of migrants coming to Europe these years, new research shows. The report also points to many Asian countries, where people being forced to work…

Johan Uddman – a Swedish Fintech start-up investor in China

Johan Uddman is the Swede in Shanghai who is strongly involved in building the local ecosystem for financial technology, or fintech start-ups. He is responsible for JadeValue (a CashBUS subsidiary) – a fintech investor and incubator space located in the heart of the financial centre of Shanghai. And now JadeValue InsurTech incubator has also opened.…

Partially Norwegian owned Malaysian Newsprint Industries (MNI) goes bankrupt

One of the leading manufacturers and suppliers of paper across South East Asia with customers from Malaysia, Singapore, and Hong Kong goes bankrupt. The Norwegian company Norske Skog is a partial owner of the company together with Hong Leong Group, The New Straits Times Press, and Rimbunan Hijau Group. The board of directors has concluded…

The Finnish Slush event will come back to Shanghai and Singapore

The leading international startup and technology event Slush will again reach Shanghai and Singapore this year. The event aims to facilitate startups and technology talents to meet with big investors, executives and media. Born in Finland in 2008, Slush has grown from a local 300-person event to a series of leading startup events around the…

Chinese naval fleet in Helsinki after joint exercise with Russia

A Chinese naval fleet arrived in Helsinki early Tuesday after finishing its mission in the joint maneuver with the Russian military in the Baltic Sea last week. The formation, comprising missile destroyer Hefei, missile frigate Yuncheng and supply vessel Luomahu, was the first Chinese fleet that ever sailed to the region for a military exercise.…

Strong increase in Volvo Cars’ first half 2017 profit

Volvo Cars, the Swedish premium car maker, has reported strong growth in operating profit of SEK6.8bn in the first half of 2017, compared to SEK5.6bn for the same period last year, including experiencing a robust sales increase in China. Revenues rose to SEK99.1bn from SEK84.2bn in the first six months of 2016, while the operating…