Business News

Head of German state bank resigns over banking crisis

German bankBerlin - The head of Germany's state-owned KfW development bank resigned Monday as a re

Danish dairy group Arla sales impacted in Middle East

Copenhagen - Danish food company Arla was Monday reported to again be struggling with a consumer boycott in the Middle East in the wake of anger against the re-publication of controversial cartoons of the Prophet Mohammed.

Sales in the region have halved although the group still sells its products in most markets, sales director Finn Hansen told newspaper Jyllands-Posten, estimating the sales drop to be 1.3 billion kroner (274 million dollars).

Arla was also targeted in 2006 in the wake of the crisis triggered by the publication of 12 controversial caricatures of the prophet when religious and political leaders called for a boycott.

Hong Kong assured of rice from Thailand after panic-buying

Easter holidays and higher fuel prices impact carrier SAS

Happy Easter DayStockholm - The Easter holidays impacted the number of passengers flying w

Swedish amateur prospectors in talks with Canadian firm

sweden flagStockholm - Two women from a small village in northern Sweden were in talks with a Ca

German factory orders slump

Berlin - German factory orders unexpectedly fell for the third consecutive month in February, data released Friday showed, helping to raise new concerns about the outlook for Europe's biggest econo

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