By: Jonathon Davidson
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The Number of Companies Joining Stock Exchanges in Nordic Countries has risen 260%
SP Global
The IPO market in the Nordic region has flourished in recent years due to a thriving startup scene, less cumbersome regulation and a deep pool of institutional and retail investors, which make it possible for smaller companies to seek capital through a stock market flotation.
The COVID-19 pandemic appears to have accelerated the trend. The total number of IPOs in Sweden, Norway, Denmark, Finland and Iceland grew by more than 110% in 2020 and has risen almost 260% year over year so far in 2021, according to S&P Global Market Intelligence data as of Sept. 27. More than 40% of European IPOs in 2020 and 2021 have taken place in the Nordic countries.
Nike Downgrades Sales Forecast as Vietnam Factories Shut Down re: COVID
Digital Commerce
Nike Inc., No. 21 in the 2021 Digital Commerce 360 Top 1000, lowered its sales forecast as production and shipping delays hobbled the company's efforts to meet strong demand for shoes and athleticwear.
Half a Million 40ft Containers full of Stuff are Stuck Waiting in the Ocean outside LA Port
CBS News Los Angeles
Author's Note: Shipping container demand is currently at record highs. Check out my article from last week, TISK: Week 38.
Big problems at the port of LA — a backlog of ships and cargo has reached a boiling point. Truck drivers say they're sick and tired of waiting all day long for the loads.
As an estimated 500,000 containers are sitting on cargo ships off the Southern California coast, many are wondering how to handle the backlog.
US Announces Woodpecker has Gone Extinct same Week it Introduces Migratory Bird Act
NPR
Death's come knocking a last time for the splendid ivory-billed woodpecker and 22 more birds, fish and other species: The U.S. government is declaring them extinct.
It's a rare move for wildlife officials to give up hope on a plant or animal, but government scientists say they've exhausted efforts to find these 23. And they warn climate change, on top of other pressures, could make such disappearances more common as a warming planet adds to the dangers facing imperiled plants and wildlife.
Better Have Good Lawyers: Risk of Oil Spills Over time is Tipped to Rise as Extreme Climate Change Storms Increase
AbcNewsGo (US)
The Gulf of Mexico is "particularly vulnerable" because of the prevalence of storms, the low-lying geography, sea-level rise, receding shorelines and the presence of oil facilities, Christopher Vaccaro, a spokesman for the National Oceanic and Atmospheric Administration, told ABC News.
Since offshore drilling began in the region in 1942, about 6,000 oil and gas structures have been installed in the Gulf of Mexico.
WordPress.com
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