Nordic News, Business and Life in Asia
The CEO of Swedish-Swiss multinational robotics firm ABB, Bjorn Rosengren, said he has been “disappointed” by the state of the Chinese market. Rosengren then added, that he had expected conditions …
Swedish ABB is challenged by current situation in China Read More
H&M Group has published an extended Green Finance Framework for the company, with an updated Sustainability-Linked Finance Framework, on September 1, 2023. With the new framework, the fast fashion Group …
H&M Group has published new sustainable framework Read More
Danish pharmaceutical company Novo Nordisk has surpassed LVMH and is now Europe’s most valuable listed company. LVMH, the world’s biggest luxury retailer, is currently suffering due to growing concerns about …
Danish Novo Nordisk surpasses LVMH as Europe’s most valuable company Read More
Northern Lights, a commercial carbon transport and storage company started as a partnership between Norwegian Equinor, British Shell and Thailand’s TotalEnergies, has ordered its third CO2 transport ship from China. …
Northern Lights have made third order for Chinese CO2 transport ship Read More
Indonesia has launched its first locally-made and organic cheese this week, as a result of an international project involving the Danish dairy cooperation, Arla Foods. Artisanal manufacturer Mazaraat Artisan Cheese …
Indonesia in a ‘cheesy’ launch supported by Arla Foods Read More
Swedish-Chinese electric vehicle maker Polestar, founded by Geely and Volvo Cars, posted an operating loss of $274.4 million on Thursday, August 31. This is down from $627.3 million in 2022, …
Swedish-Chinese EV maker Polestar posts operating loss Read More
The Sukhothai Shanghai hotel is presenting a Nordic Autumn Journey in collaboration with Danish homeware collection chain, Kop & Kande. From September 1 till October 29, The Sukhothai Shanghai and …
Go on a Nordic Autumn journey in Shanghai Read More
The Danish toymaker, Lego saw its profits drop 17.7% to 5.5bn Danish kroner (£634m; $807m) in the first half of 2023. Citing the BBC, Niels Christiansen, chief executive officer of …
Lego profits drops in first half of 2023 Read More
China is Denmark’s fourth largest trading partner, so the recent slowdown in the Chinese economy will hit Danish growth, according to calculations from Danmarks Nationalbank. “There are signs that the …
Problems in the Chinese housing sector might influence Danish growth Read More
IKEA has stated, that the Swedish furniture giant plans to invest CNY6.3 billion ($864 million) in the Chinese market over the next three years. The investment is to enhance and …
IKEA to invest millions in China Read More