Wilhelmsen Ships Service acquires full ownership in Japan

The move establishes Wilhelmsen Ships Service’s complete 100% ownership of Wilhelmsen Aall Ships Service fully absorbing what was previously a joint venture company formed with Aall & Company in 2005. Wilhelmsen Ships Service has announced that it has purchased the remaining 49% of Aall & Company’s interest in Wilhelmsen Aall Ships Service Pte Ltd, in Japan. Ships agency services and maritime logistics had been provided in Japan... [more]

Norway Postal service plans more cuts

Norway’s postal service Posten has been undergoing years of reorganization and downsizing as managers try to reinvent the venerable institution. Now they want to eliminate Saturday mail deliveries, but politicians aren’t going along. Dag Mejdell, chief executive of Posten Norge AS, wrote in newspaper Dagens Næringsliv (DN)this week that Saturday deliveries are costly and unnecessary. He claimed the state would save NOK 300 million... [more]

Dutch poor children live in social isolation

More than 60,000 Dutch children can be classified as “social outcasts” who hardly participate in mainstream society, according to a study conducted by the Netherlands Institute for Social Research (SCP). The study was conducted on children older than five years of age. These social outcasts don’t play a sport, rarely go on holiday or have friends their own age. Their birthday isn’t always celebrated and they generally... [more]

Fiat to spin off non-car activities: CEO

In a major shake-up, Fiat boss Sergio Marchionnesaid Wednesday that the auto group would spin off its non-car activities into a separate entity. “There is no longer any reason to keep them together,” Marchionne said. Truck maker Iveco, agricultural machines manufacturer Case New Holland and a part of engine maker Fiat Powertrain Technologies will be part of a new group to be called Fiat Industrial, he said. The new group will... [more]

Sarkozy to submit bill banning Islamic face veils

French President Nicolas Sarkozy on Wednesday ordered legislation that would ban women from wearing Islamic veils that hide the face in the street and other public places. In seeking to forbid the garment from public view, Sarkozy defied the advice of experts sought by the government who warned that such a broad ban risked contravening France’s constitution. Such a measure would put France on the same track as Belgium, which is... [more]

EU-IMF open Athens talks on possible debt rescue

European Union and IMF experts began 10 days of crucial talks on Wednesday on details of rescue loans which Greece may request to avert default with its borrowing costs close to 8.0 percent. Together with the European Central Bank, they opened talks with Greek Finance Minister George Papaconstantinou on probable “financial assistance”. Amid strong signs that Greece is getting ready to appeal for help, the finance ministry said:... [more]

Airlines edge slowly back to ‘business as usual’

Germany’s air traffic controllers say they are gradually reopening the country’s airspace after days of closures and limited activity. The government agency Deutsche Flugsicherung said Wednesday it will gradually start reopening the skies for regular flights during the morning. “There is a good chance that the airspace above Germany and allinternational airports will remain available until late in the evening,”... [more]

Polish presidential election announced for June 20

The first round of Poland’s presidential elections to elect a successor to Lech Kaczynski, who was killed in a plane crash, will be held on June 20, the parliament’s press service announced Wednesday. “The president of the Diet (lower house of parliament) Bronislaw Komorowski has taken the decision to call elections for the president of the republic of Poland on June 20,” it said in a statement. Under Polish law,... [more]

Nordic support Iceland’s efforts for economic recovery

The Nordic countries – Finland, Norway, Sweden and Denmark – support Iceland’s efforts for economic recovery by providing bilateral loans totalling 1.775 billion Euro (NOK 14 million). The funds will be used for disbursement in four equal tranches in the context of Iceland’s economic programme with the International Monetary Fund (IMF) and under the condition that Iceland will honour its international obligations. A joint Nordic... [more]

Malmö airspace opens as Stockholm stays closed

Sweden’s airspace south of a line between Stockholm-Arlanda Ariport andStrömstad remained closed on Wednesday morning with the exception of Malmö. Airspace north of Stockholm remained open. Stockholm-Arlanda Airport was closed for air traffic from 8pm on Tuesday, following on the heels of the city’s smaller Bromma Airport which shut at 3pm as a cloud of volcanic ash drifted back in over the capital. According to the Civial... [more]

Custom Search