Weekly economics overview
Did you know that a Danish company invented the first-aid doll in 1983? The company is called Ambu, and it was founded in 1937 by the German engineer Holger Hesse. Over the years, they have invented several devices that improved medical practice. Starting with the pulse oximeter in 1937 and the ventilation balloon in 1956 until the latest invention in 2009, the disposable endoscope. Another reminder that our most important resource in Denmark is innovation.
Private pension companies are preparing for what happens in case of war. Several companies sent a letter to their customers saying that in case of a force majeure (f.ex., war), they might need to both increase the price of life insurance and also reduce coverage.
After a 19-year legal battle, Cook Medical has been sentenced to pay 1.7 billion DKK in unpaid taxes. Through “creative accounting” to avoid paying taxes in Denmark, the company used two shell companies in Sweden to lend money to the company in Denmark and send the interest on the loans to another company in the Cayman Islands.
You have the right to retrieve unused money from an anonymous “rejsekort.” If there is a validity period in place, you can still get the money back up to one year after expiration. If there is no agreed validity period, the money can be retrieved at any time.
Focus
Join the “Last Week in Denmark” league in the Børsens aktiespil, the largest investment simulation game in Denmark. You can sign up here for the game.
- Concept? You get 500,000 DKK fictive money to invest in company shares. The player who has grown their money pot the most by November 26 wins a car (KIA EV3).The second prize is 100,000 DKK, and third prize is a travel voucher of 40,000 DKK.
- Besides playing for the large prizes, we are playing for league prizes, which will vary depending on how many players sign up for it.
- The value of the shares will follow the real-life stock market changes. The game’s a great opportunity to see if you have daytrader skills.
