Money Matters
Statoil, partners to spend 5 billion euros on new Arctic oil field
Norwegian oil giant Statoil and its partners plan to invest 49 billion kroner (nearly 5 billion euros) to develop the Arctic Johan Castberg oil field, a cost cut…
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Danske Bank CEO resigns over money laundering scandal
The chief executive of Denmark’s largest lender Danske Bank announced his resignation Wednesday as the institution said it was unable to determine how much money was laundered through…
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Study: Rising rents accelerating gap between rich and poor across Germany
A newly released study has confirmed what residents of German cities have known for some time: rents are rising – and the poorest are the most affected. The…
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No-deal Brexit could see Brits in EU lose access to UK bank accounts
The British government released a list of 25 ‘technical notices’ on Thursday, revealing that Brits living in the European Union could lose access to their UK bank accounts…
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Danske Bank offers to donate gains from laundering scandal to good causes
Danske Bank, Denmark’s biggest bank, has said it will give profits earned from a reported money laundering scandal in Estonia to the benefit of society. The bank made…
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Game against South Korea to cost German economy up to €200 million
Excitement is in the air for football fans nationwide in the run up to the national team’s World Cup game against South Korea on Wednesday. But from an…
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Denmark to ban 500 euro notes after money laundering scandal
The 500 euro note will not be accepted for payments or currency exchange in Denmark in future as parliament reacted to a major banking scandal. A parliamentary majority…
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