Tag Archives: Denmark

H&M Finally, Officially Launches Ecommerce in the United States

By Justin Fenner

Late Wednesday night, H&M made an announcement that’s been a long time coming: customers in the US can now shop online – which means shopping the brand’s upcoming Isabel Marant collaboration is going to be that much easier. The much anticipated collection will officially be the first of H&M’s collaborations to be sold online in the US.

“It’s finally here!” the Swedish retailer wrote in a Facebook post. “Our US online store is officially open in all 50 states. Great fashion is now just a click away!” Around the same time, the brand’s US Twitter account asked its followers, “Who’s ready to shop online?”

H&M said just a few weeks ago that it would be launching ecommerce Stateside in August, but that announcement came after a years-long cycle of repeated promises and delays. After its much-lauded collaboration with Lanvin, H&M said it would launch ecommerce at the end of 2011. Then, in 2012, the brand said in a financial statement that it would have to push the launch back to Summer 2013.

There were rumors that the ecommerce would launch this June, but those turned out to be false.

But none of that matters now: The “Choose Region” page that greets the site’s users now features a little shopping bag next to the link for the US site. The United States joins Austria, Denmark, Finland, Germany, the Netherlands, Norway, Sweden (of course), and the United Kingdom on the list of countries that can shop H&M’s website.

…read more

Source: FULL ARTICLE at fashionologie

Japan, South Korea continue to lead in fiber Internet

The number of fiber Internet subscriptions rose 12.7 percent in the countries that make up the Organization for Economic Cooperation and Development (OECD), the Paris-based group said Thursday.

Just under 49 million fiber Internet connections existed across the 34 countries, according to the data. That represented about 15 percent of all fixed Internet lines, but in several nations the percentage of fiber connections is much higher.

Japan and South Korea lead the pack with fiber penetration of over 60 percent. Sweden, Estonia and Slovakia rounded out the top five with penetration in the 30 percent range. The other nations with above average fiber penetration were Norway, Iceland, Slovenia, Denmark, the Czech Republic and Portugal. Hungary was ranked just slightly below the average.

Penetration rates in the remaining countries, which included the U.S., U.K., France and Germany, were all under 10 percent.

To read this article in full or to leave a comment, please click here

…read more

Source: FULL ARTICLE at PCWorld

Offshore Tax-Dodging Law To Be Delayed By 6 Months: Treasury

By The Huffington Post News Editors

* Delay will give foreign banks more time to comply -Treasury
* FATCA law has drawn complaints from many foreign banks
* Agreements reached with UK, Switzerland, Germany other countries (Adds details of postponement, background)
By Patrick Temple-West
July 12 (Reuters) – The U.S. Treasury Department said on Friday it will postpone enforcement of a new law that cracks down on offshore tax avoidance by Americans by six months until July 1, 2014, giving foreign banks more time to determine how to comply.
The Foreign Account Tax Compliance Act, or FATCA, requires foreign banks and other institutions to supply information to the U.S. Internal Revenue Service about Americans’ offshore accounts worth more than $50,000.
The law, approved by Congress in 2010, stipulates that foreign financial institutions that fail to comply can effectively by frozen out of U.S. capital markets.
Since the law was passed, foreign banks and other businesses have complained about the costs of FATCA and its scope, saying in some cases that it conflicts with home-country banking laws that shield account holder information.
To help banks in countries with legal issues, Treasury and the IRS have been working on agreements that will let the home-country governments of foreign banks act as information-disclosing intermediaries to deal with the IRS.
“We are providing an additional six months to complete agreements with countries and jurisdictions across the globe,” said Robert Stack, Treasury deputy assistant secretary for international tax affairs, in a statement.
The United States has finalized intergovernmental agreements for FATCA compliance with Germany, Spain, Norway, Switzerland, Ireland, Mexico, Denmark and the United Kingdom. Dozens more of these pacts are in negotiation.
A new registration website for banks to sign up with the IRS and ensure they are complying with FATCA is now set to open on Aug. 19, Treasury said in its statement. The portal …read more

Source: FULL ARTICLE at Huffington Post

Rare murder trial spotlights Denmark’s Faeroes

The peaceful fishing communities of the remote Faeroe Islands hadn’t seen a murder for more than 20 years until a local man disappeared without trace a year ago. It was the start of a saga that riveted the community and shone a spotlight on the tiny Danish territory in the northern Atlantic and its fiercely independent people. Milan Konovat, a 32-year-old Croatian, was convicted this week of killing Danjal Petur Hansen, who was last seen in early November 2011 near his home in Runavik, on the island of Eysturoy, the Faeroes’ second-largest island. Hansen’s body was never found — police believe it may have been thrown off a cliff, and divers searched stretches of rugged coastline in vain. But in Konovat’s home, police found a pillow and a frying pan with traces of the victim’s blood. At the trial it came out that Konovat was having an affair with Hansen’s ex-wife. All that added up to a guilty verdict. Konovat will be sentenced on Thursday and faces up to 16 years in prison. “It has been top news up here for weeks because it was the biggest crime story we ever had,” said Eirikur Lindenskov, chief editor of Sosialurin, the islands’ largest newspaper. “Also the fact that the body was missing made the intrigue better.” Law-enforcement has generally been a relatively straightforward task in the Faeroes, an 18-island archipelago between Scotland and Iceland, 800 miles (1,300 kilometers) northeast of London, that is home to 48,500 people. “The Faeroes is a very peaceful and safe society,” said Bent J. H. Hansen, head of the islands’ prison board. “For many years, crime here was chiefly linked to drunken driving and drink-related brawls, but in recent years we have seen more drugs and drug-related violence.” The last murder trial was in 1988 when a man shot and killed his girlfriend. The islands have 14 prison cells, and about a dozen are occupied daily, the prison chief said. “For the past years that figure has been more or less constant,” Bent Hansen told The Associated Press by telephone, adding that anyone sentenced to more than a year is sent to prison in Denmark. Foreign fishermen regularly make stopovers on the Faeroes, but very few foreigners actually settle there. Konovat had emigrated to the islands in 2009 thanks to a job in the fishing industry in Runavik. He was one of the few foreigners on the islands, which have been granted more self-autonomy from Denmark in recent decades. Konovat gradually integrated into society and learned to speak Faeroese, according to his lawyer, Annfinn Vitalis Hansen, who is unrelated to the victim. Islanders, who descend from ancient Vikings, insist on speaking their own tongue, fly their own flag and generally refer to the territory as a separate country, though they have been under Danish authority since 1380. The islands were administered as a Danish county until 1948, but have been granted more self-autonomy in recent decades. Last month, a couple of hundred people gathered on a grey and cloudy day outside the house where the 42-year-old victim, known to many by his nickname Pidde, lived and allegedly was killed, to mourn him. Still, the weather-hardened Faeroese have been reluctant to see any deeper significance in the saga. They don’t see a problem with increased crime or with immigrants in the islands. “To us this is only a tragedy between three people that ended with a man disappearing and lots of blood and evidence against him. People see that, not that the general crime level here has increased because of this murder case,” said Jens-Kristian Vang, a meat-packing employee.
Source: Fox World News  

Iron Man 3 Surpasses The Avengers at International Box Office

Iron Man 3 opened in 42 territories around the world over the weekend – that’s about 79% of the international market, so not small by any stretch. And the latest outing for Tony Stark has so far taken a staggering $195.3 million. That’s more than the $185.1 million taken by The Avengers grossed over its opening weekend.

It’s worth noting, however, that in some territories Iron Man 3 had a slight advantage over The Avengers, opening on a Thursday, not a Friday like The Avengers. But saying that, the film has yet to open in Russia, China or Germany – so it’s still a pretty impressive feat.

It had the highest grossing weekend ever in Argentina, Hong Kong, Indonesia, Vietnam, Taiwan, Philippines, Malaysia and Singapore. And was the biggest opening ever for a Marvel movie in Australia, Sweden, Norway, Denmark, Netherlands, Finland, Hungary, Romania, New Zealand, Argentina, Hong Kong, Indonesia, Vietnam, Taiwan, Philippines and Malaysia.

Continue reading…

Source: FULL ARTICLE at IGN Movies

Fire destroys Danish museum, collection saved

A fire blazed through The Museum of Danish Resistance in Copenhagen on Sunday, destroying large parts of the building but most of the collection was saved, museum officials said.

No one was injured in the fire and firefighters and staff who rushed to the scene in central Copenhagen managed to save the majority of display items, museum spokesman Henrik Schilling said.

The fire started in the museum cafe around 2 a.m. and quickly spread to the exhibition hall. The last pockets of fire were being extinguished shortly after noon, Schilling said.

The museum is an affiliate of the Danish National Museum and exhibits objects related to the Danish resistance to the German occupation during World War II. The wooden building, located close to the waterfront, was built specifically for its purpose in the 1950s, Schilling said.

Nazi Germany‘s occupation of Denmark started on April 9, 1940, and continued until the Germans surrendered to the Allies on May 5, 1945. The Danish resistance movement distributed illegal flyers and upheld secret radio communication with the British. The resistance grew stronger toward the end of the war, when acts of violent sabotage against factories and railways increased.

The cause of the fire is not yet known. Schilling said it is still unclear if the building can be restored or needs to be rebuilt entirely.

Source: FULL ARTICLE at Fox World News

Denmark's Economic Savior: Cheaper Soda

By Mark Russell It’s a policy that would make New York Mayor Michael Bloomberg gag . Over in Denmark, politicians are repealing their country’s tax on sodas (and beer), in an effort to give their struggling economy some fizz, reports Der Spiegel . The soda tax will be cut in half in July, then eliminated…

Source: FULL ARTICLE at Newser – Great Finds

How Lego Makes The Safe, Quality, Diverse and Irresistible Toys We All Want: Part Two

By Michael Venables, Contributor

This is my second post on the legendary Lego. Let’s take a look at what goes into making the Lego toys that every child (and adult) in the world finds irresistible. The data bears this out — the number of Lego bricks sold in 2012 would reach more than 18 times around the world, according to the 2012 Progress Report of The Lego Group. Lego factories have been very busy places this year. In 2012, the total production number was 45.7 billion Lego elements! That’s up from 37.4 billion in 2011, 33.8 billion in 2010, 27.7 billion in 2009 and 25 billion in 2008. In four years, the yearly production of Lego elements has increased by 83 percent. To place the figures in context and hear more about what is behind this healthy increase in production, I had the rare chance to speak via telephone directly with John Hansen, Senior Vice President for Engineering & Quality at Lego’s HQ in Billund, Denmark.

From: http://www.forbes.com/sites/michaelvenables/2013/04/20/how-lego-makes-the-safe-quality-diverse-and-irresistible-toys-we-all-want-part-two/

Fact Sheet: The Equal Futures Partnership—From Promise To Progress

By The White House

The Promise of Equal Futures

In response to President Obama’s challenge to other heads of state to break down barriers to women’s political and economic participation, on September 24, 2012, Secretary of State Hillary Clinton launched the Equal Futures Partnership on behalf of the United States along with 12 other founding members (Australia, Benin, Bangladesh, Denmark, Finland, Indonesia, Jordan, the Netherlands, Peru, Senegal, and Tunisia; as well as the European Union). Each founding member made national commitments to policy, legal, and regulatory reforms to promote two mutually reinforcing goals: expanded economic opportunity for women and increased political and civic participation by women at local, state and national levels. Multilateral stakeholders including UN Women and the World Bank and leading businesses and non-profit institutions also pledged support for the partnership.

Moving from Promise to Progress

Following the launch of the initiative, Equal Futures members have worked to identify priorities for action through consultations with civil society and other stakeholders and by establishing coordinating bodies or steering committees to develop and oversee the implementation of Equal Futures commitments. Going forward, Equal Futures countries will report on progress within the Partnership, and evaluate and strengthen commitments to ensure real impact.

Highlights from progress on U.S. commitments:

As a founding member of the Equal Futures Partnership, the United States made commitments in four key areas, and has achieved significant progress in each of these areas. Highlights include:

Opening Doors to Quality Education and High-Paying Career Opportunities in Science, Technology, Engineering, and Math: Federal agencies and private partners have made great progress on connecting young women to high-quality science, technology, engineering, and math (STEM)-related resources. In just seven months, over 20,000 students interacted with 500 women mentors via Harvey Mudd and Piazza’s online platform WitsOn, while the National Science Foundation, Office of Personnel Management, and non-profit partners joined forces to train Federal scientists and engineers on serving as a resource for girls interested in STEM.

Promoting Civic Education and Public Leadership for Girls: The Administration has advanced new efforts to promote girls’ leadership and civic education, including sponsoring an “app challenge,” hosting a conference on girls’ leadership and civic education at the White House with the Department of Education and the Rutgers Center for American Women and Politics (CAWP), and advising on the development of a new initiative, Teach a Girl to Lead (TAG) – featuring online resources and a national speakers’ bureau.

Breaking the Cycle of Violence and Ensuring Economic Security for Survivors of Violence: To ensure that women who are victims of domestic violence are getting the support and tools they need to achieve economic independence, the Administration is now providing training on employment rights to lawyers and consumer advocates, working with state domestic violence coalitions and the Equal Employment Opportunity Commission (EEOC) to ensure that victims know about employment protections under federal law, and expanding research on domestic violence to include information about economic abuse.

Expanding Support for Women Entrepreneurs: The Administration has strengthened support for women entrepreneurs at

From: http://www.whitehouse.gov/the-press-office/2013/04/19/fact-sheet-equal-futures-partnership-promise-progress

New Zealand becomes thirteenth country in world to legalize same-sex marriage

Hundreds of jubilant gay-rights advocates celebrated at New Zealand‘s Parliament as the country become the thirteenth in the world and the first in the Asia-Pacific region to legalize same-sex marriage.

Lawmakers voted 77 to 44 Wednesday night in favor of the gay-marriage bill.

People watching from the public gallery immediately broke into song after the result was announced, singing a New Zealand anthem in the indigenous Maori language.

Leaders of most political parties encouraged lawmakers to vote as their consciences dictated rather than along party lines.

Same-sex marriage is currently recognized in the Netherlands, Belgium, Spain, Canada, South Africa, Norway, Sweden, Portugal, Iceland, Argentina and Denmark. Lawmakers in Uruguay approved a law last week that President Jose Mujica is expected to sign.

From: http://feeds.foxnews.com/~r/foxnews/world/~3/rshH108vP20/

Homosexuality has become an image of modernity in Denmark

In 1999, Danish homosexuals were granted access to stepchild adoption, and after the 2001 general election, legislation to improve homosexuals’ rights was introduced in the Danish Parliament. In the subsequent negotiations many politicians spoke of homosexuals as central to the understanding of Danish values. This was in stark contrast to similar negotiations in 1989 when Parliament passed the Same-Sex Marriage Act:

From: http://phys.org/news285244764.html

Think Your Taxes Are High? The 5 Countries With the Highest Taxes

By Eric Bleeker, CFA, The Motley Fool

Filed under:

Tomorrow’s D-Day for tax filers across the United Sates. While its easy to bemoan your tax rate, especially if you owe money to Uncle Sam, the United States actually has a relatively low personal tax rate compared with other countries. 

Last October, accounting firm KPMG put together a study of the countries with the world’s highest tax rates on personal income. Not surprisingly, Europe was among the most-taxed regions. Western Europe led all world regions with  a 46.1% tax rate on personal incomes. By contrast, North America stood at 27.7%. 

Also, while the top income-tax bracket for America is jumping to 39.6% this year, it stands neck-and-neck with Spain for having the world’s highest income level where the highest rate of taxes takes effect. 

Clearly, taxes are a matter of significant controversy. Not only do tax codes and deductions vary wildly by country, but the services a citizen receives for his or her tax dollars also differ. Services are difficult to measure in an objective manner, but KPMG tried looking beyond purely top tax rates by measuring effective taxes for people who earn both $100,000 and $300,000 per year. 

Let’s look which countries’ citizens had the highest tax burden in 2012, and how they compare with the United States

1. Belgium

  • 2012 top rate of income taxes: 50%
  • Effective tax rate on $100,000: 47% (13.1% Social Security, 33.9% income tax)
  • World rank on effective tax rate of $100,000: 1
  • Effective tax rate on $300,000: 53.4% (13.1% Social Security, 40.3% income tax)
  • World rank on effective tax rate of $300,000: 2

2. Italy 

  • 2012 top rate of income taxes: 43%
  • Effective tax rate on $100,000: 45.2% (9.6% Social Security, 35.6% income tax)
  • World rank on effective tax rate of $100,000: 4
  • Effective tax rate on $300,000: 51.8% (10% Social Security, 41.8% income tax)
  • World rank on effective tax rate of $300,000: 3

3. France

  • 2012 top rate of income taxes: 45%
  • Effective tax rate on $100,000: 42% (22% Social Security, 20% income tax)
  • World rank on effective tax rate of $100,000: 8
  • Effective tax rate on $300,000: 54% (20% Social Security, 34% income tax)
  • World rank on effective tax rate of $300,000: 1

4. Denmark

  • 2012 top rate of income taxes: 55.4%
  • Effective tax rate on $100,000: 42.3% (0.2% Social Security, 42.1% income tax)
  • World rank on effective tax rate of $100,000: 6
  • Effective tax rate on $300,000: 51.5% (0.1% Social Security, 51.4% income tax)
  • World rank on effective tax tate of $300,000: 4

5. Greece

  • 2012 top rate of income taxes: 45%
  • Effective tax rate on $100,000: 46.5% (16.5% Social Security, 30% income tax)
  • World rank on effective tax rate of $100,000: 2
  • Effective tax rate on $300,000: 45.1% (5.6% Social Security, 39.5% income tax)
  • World rank on effective tax rate of $300,000: 14

For comparison: The United States

AarhusKarlshamn: AAK's Annual Report 2012 Published

By Business Wirevia The Motley Fool

Filed under:

AarhusKarlshamn: AAK’s Annual Report 2012 Published

KARLSHAMN, Sweden–(BUSINESS WIRE)– AAK’s (STO:AAK) Annual Report 2012 has been published and is available at the company’s homepage, www.aak.com.

The printed version of the Annual Report 2012 will be distributed by mail to shareholders and other stakeholders, commencing April 15, 2013.

The information is that which AarhusKarlshamn AB (publ) is obliged to publish under the provisions of the Stock Exchange and Clearing Operations Act and/or the Trading in Financial Instruments Act. The information was released to the media for publication on April 12, 2013 at 10.00 am CET.

AarhusKarlshamn is one of the world’s leading producers of high value-added speciality vegetable fats. These fats are characterized by a high technological content and are used as substitute for butter-fat and cocoa butter, transfree solutions for fillings in chocolate and confectionery products, and in the cosmetics industry. AarhusKarlshamn has production facilities in Denmark, Mexico, the Netherlands, Sweden, Great Britain, Uruguay and the US. The company is organised in three Business Areas; Food Ingredients, Chocolate and Confectionery Fats and Technical Products & Feed. Further information on AarhusKarlshamn can be found on the company’s website www.aak.com.

This information was brought to you by Cision http://news.cision.com

AAK
Fredrik Nilsson
Director Group Controlling and Investor Relations
Phone: + 46 40 627 83 34
Mobile: + 46 708 95 22 21

KEYWORDS:   Europe  Sweden

INDUSTRY KEYWORDS:

The article AarhusKarlshamn: AAK’s Annual Report 2012 Published originally appeared on Fool.com.

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From: http://www.dailyfinance.com/2013/04/12/aarhuskarlshamn-aaks-annual-report-2012-published/

Israeli citizen sentenced to jail for spying for Hezbollah

An Israeli court has sentenced an Arab citizen of Israel to seven years in prison for spying for the Lebanese militant group Hezbollah.

A court document says Milad Khatib was convicted of being in contact with a foreign agent and assisting an enemy in wartime. It says he confessed to the charges against him as part of a plea bargain.

Khatib was accused of gathering intelligence on the security detail for Israel‘s president and on army installations. The 26-year-old is said to have been recruited by a Hezbollah operative in Denmark in 2009.

The Haifa court decision was handed down on Tuesday.

Israel and Hezbollah are bitter enemies. The two fought an inconclusive, monthlong war in 2006, which was sparked when Hezbollah captured two Israeli soldiers in a cross-border raid.

…read more

Source: FULL ARTICLE at Fox World News

Israeli Arab sentenced for spying for Hezbollah

An Israeli court has sentenced an Arab citizen of Israel to seven years in prison for spying for the Lebanese militant group Hezbollah.

A court document says Milad Khatib was convicted of being in contact with a foreign agent and assisting an enemy in wartime. It says he confessed to the charges against him as part of a plea bargain.

Khatib was accused of gathering intelligence on the security detail for Israel‘s president and on army installations. The 26-year-old is said to have been recruited by a Hezbollah operative in Denmark in 2009.

The Haifa court decision was handed down on Tuesday.

Israel and Hezbollah are bitter enemies. The two fought an inconclusive, monthlong war in 2006, which was sparked when Hezbollah captured two Israeli soldiers in a cross-border raid.

…read more

Source: FULL ARTICLE at Fox World News

Today in History for 6th April 2013

Historical Events

1652 – Cape Colony, the 1st European settlement in South Africa, established by Dutch East India Company under John of Riebeeck
1727 – Denmark signs Covenant of Hannover
1883 – Start of Sherlock Holmes “Adventure of Speckled Band” (BG)
1906 – 1st animated cartoon copyrighted
1955 – Yemen: failed coup by Abdullah Seif el-Islam
1994 – Liberal Supreme Court Justice Blackmun (Roe v Wade) resigns

More Historical Events »

Famous Birthdays

1483 – Raphael Sanzio, Italian painter/master builder (Madonna Sistina)
1651 – André Dacier, French classical scholar (d. 1722)
1812 – Alexander Herzen, Russian writer (d. 1870)
1927 – David Ingram, Vice-Chancellor (University of Kent at Canterbury)
1969 – Brian Williams, NBA center/forward (Detroit Pistons, LA Clippers)
1978 – Tim Hasselbeck, American football player

More Famous Birthdays »

Famous Deaths

1490 – Matthias Corvinus, king of Hungary, dies
1825 – Vladimir Borovikovsky, Russian painter (b. 1757)
1978 – Nicolas Nabokov, composer (Holy Devil), dies at 74
1997 – Jack Kent Cooke, NFL owner (Wash Redskins), dies at 84
2003 – David Bloom, American reporter (b. 1963)
2010 – Wilma Mankiller, Native-American activist, chief of the Cherokee Nation (b. 1945)

More Famous Deaths »

…read more

Source: FULL ARTICLE at HistoryOrb.Com – This Day in History

Today in History for 4th April 2013

Historical Events

1588 – Christian IV succeeds Frederik II as king of Denmark
1687 – King James II orders his declaration of indulgence read in church
1862 – US begins Peninsular Campaign aimed at capturing Richmond during US Civil War
1899 – South Africa all out 35 vs England (Trott 4-19, Haigh 6-11)
1947 – Largest group of sunspots on record
1988 – Largest crowd (55,438) at a season game at Riverfront (Reds Vs Cards)

More Historical Events »

Famous Birthdays

1908 – Ernestine Gilbreth Carey, author (Cheaper by the Dozen)
1919 – Antony Tudor, England, choreographer (Metropolitan Opera 1957)
1938 – Peter Attenborough, British headmaster (Charterhouse)
1957 – Nobuyoshi Kuwano, Japanese musician (Rats andamp; Star)
1971 – John Zandig, American professional wrestler
1986 – Aiden McGeady, Republic of Ireland and Celtic footballer,

More Famous Birthdays »

Famous Deaths

1862 – Harmen S Sytstra, Dutch poet/editor (Iduna), dies at 45
1874 – Charles Ernest Beulé, French archaeologist and politician (b. 1826)
1963 – Endzion Barelli, dies 2 days after winning a boxing match at 18
1992 – Sy Kramer, singer/comedy writer dies of cancer at 59
1992 – Karl Tunberg, US scriptwriter (Ben Hur), dies
1996 – Frederick Denison Maurice Hocking, pathologist, dies at 97

More Famous Deaths »

…read more

Source: FULL ARTICLE at HistoryOrb.Com – This Day in History