Tag: Financial

Norwegian government granted state fund to national airlines

The Norwegian government proposed $547( NOK 6 Billion) state aid package for the countries aviation companies. While half of the sum would be distributed among various airlines, including SAS Scandinavian Airlines and Widerøe, Norwegian could be the sole beneficiary of the other half, totaling to $274 million (NOK 3 billion). However, the government would direct…

Danish Saxo bank partner up with Geely Sweden Holding AB to strengthen financial establisments in China

China’s Geely Sweden Holdings AB, a subsidiary of Zhejiang Geely Holding Group Co Ltd, and Denmark’s Copenhagen Saxo Bank A/S signed an agreement on 17th December to established a new joint venture aimed to provide financial and regulatory technology solutions to financial institutions in China. The new company will reportedly utilize all of the cutting-edge…