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Sapiens Intensifies Investment In Nordic Region

Sapiens Intensifies Investment In Nordic Region

Sapiens International Corporation has increased its presence and investment in the Nordic region with the establishment of a new head office in Copenhagen, Denmark. Helle Hølmer has been appointed by Sapiens to be the Nordic regional director.

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Maersk Sealand

Maersk Buys $845 million of Africa Oil Corp. assets

AP Moeller-Maersk will buy $845 million worth of Africa Oil Corp.'s shares to revive a declining energy unit in the North Sea. According to Bloomberg Business, Maersk will buy the African oil company's onshore exploration license in Kenya, and two more in Ethiopia.

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Paris, France

These 10 cities consider short work hours as source of pride

In America, employees work an average of almost 47 hours a week and rather choose to have more flexible time on the job than less time. Normally a full-time employee works 40 hours or more in a week but at some Swedish firms, work period is cut to 30 hours. Studies showed that lesser hours of work makes employees more productive and promotes better morale, according to CNN Money.

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Denmark

Denmark applies to join China-backed AIIB investment bank

Denmark has applied to join the Beijing-led Asian Infrastructure Bank (AIIB), China's Ministry of Finance said on Sunday, becoming the latest European power to join the institution despite misgivings of the United States.

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Federal Reserve

All eyes on Fed, Greece after ECB fires bazooka

After the surprises from central banks which rocked markets at the start of the year, the U.S. Federal Reserve will be watched as closely as ever this week to see that it doesn't stray from its own policy path.

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Carlsberg Group

Carlsberg takes control of Greek brewer Olympic Brewery

Danish brewer Carlsberg (CARLb.CO) said it will strengthen its position in Greece significantly through a merger with the country's third largest brewer Olympic Brewery.

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ReSound LiNX mock-up

GN Resound pins hopes on hearing aid for iPhone generation

Denmark's GN Resound is banking on a hearing aid packed with bluetooth-like technology that lets users listen to calls and music from their iPhones as it seeks to steal a march on its rivals, its new chief executive told Reuters.

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Interceptor Entertainment

Danish game developer Interceptor acquires 3D Realms

Aalborg, Denmark-based game developer Interceptor Entertainment acquired Texas, US-based video game publisher 3D Realms (Apogee Software Ltd), the creator of Duke Nukem, for an undisclosed amount.

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3sun Group

UK energy firm 3sun bags $16.7M investment from Business Growth Fund

Norfolk, UK-based energy firm 3Sun Group bagged a $16.7 million (£10 million) investment from the Business Growth Fund (BGF) to fuel its European expansion and workforce addition.

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Bitcoin

Apple pulls last Bitcoin mobile wallet from App Store

Tech giant Apple has cleared the App Store of all Bitcoin mobile wallet apps by pulling Blockchain from the store on Wednesday without a clear explanation for the move, but retained other non-wallet Bitcoin apps in the said store.

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Zendesk

California software startup Zendesk nearing IPO

San Francisco, US-based customer service software startup Zendesk is moving closer to an initial public offering (IPO) and has hired Morgan Stanley and Goldman Sachs to handle the transaction, according to a report.

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A.P. Moller-Maersk

Maersk unit picks up stake in Iraqi blocks from Repsol

Maersk Oil, a unit of Denmark-based oil and shipping magnate AP Moller-Maersk, received approval from the Iraqi government to purchase stakes in two exploration blocks from Spanish firm Repsol Oriente Medio for an undisclosed sum.

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Debenhams

UK retailer Sports Direct acquires 4.6pct stake in Debenhams

Sports Direct, the biggest sporting goods seller in the UK, picked up a 4.6% stake in London-based multinational retail chain Debenhams for an undisclosed sum.

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Matas

UK private equity firm CVC exits $216M Matas stake

UK-based private equity group CVC Capital Partners has exited a 19.4% stake in Denmark-based firm Matas for DKK1.18 billion ($216 million), according to the Danish beauty retailer on Friday.

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Aireon LLC

Irish Aviation Authority pours in €20M in US air traffic surveillance firm

The Irish Aviation Authority has spent €20 million to buy a 6% stake in Virginia, US-based air traffic surveillance firm Aireon LLC, as part of an agreement with Italy and Denmark to invest in the new service.

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