Germany and Nordics top global list for parental leave

(Reuters Life!) – Germany and the Nordic countries have topped a list of 21 high-income nations when it comes to generosity of paid parental leave, with Australia and the United States tying in last place.

Researchers associated with the U.S.-based Center for Economic and Policy Research examined the parental leave policies of 21 countries with their study published in the peer-reviewed social science Journal of European Social Policy.

They found Sweden ranked highest for gender equality in parental leave practices, while Germany and Sweden were the most generous with paid parental leave, both offering 47 weeks.

They were followed by Norway offering 44 paid weeks, Greece with 34 weeks, Finland with 32 weeks and Canada with 29 weeks.

Neither the United States nor Australia guarantee any paid parental leave and were tied for the lowest ranking in terms of overall generosity of paid leave.

“The United States (and Australia have) the least generous parental leave policies of all 21 economies compared in this study,” said researcher Janet Gornick.

“We pay a high price for our meager policy, because parental leave improves the health and well-being of children and their parents and paid leaves provide families with crucial economic support at such an important time.”

The study looked at parental leave policies according to three criteria: total time guaranteed for parental leave and whether paid or unpaid, total paid leave, and gender equality of the parental leave such as leave and pay available to fathers.

Gornick said while all 21 countries protected at least one parent’s job for a period, there were great differences across these countries on each of the three criteria.

France and Spain came highest in terms of total guaranteed leave, each giving over 300 weeks, while Switzerland and the United States ranked at the bottom, with 24 and 14 weeks respectively.

Australia and Switzerland ranked near the bottom in terms of both generosity and gender equality of parental leave.

While bottom of the paid leave table, the United States scored better on the gender equality index, coming 10th in the list.

Japan ranked near the bottom of the gender equality index at 19 but came 7th in terms of overall generosity for giving 26 weeks of paid parental leave.

(Reporting by Belinda Goldsmith, Editing by Michael Perry)

UPDATE 1-Russia’s TGK-1 says 2009 profit rises sevenfold

ST PETERSBURG, Russia, June 10 (Reuters) – Russian power firm TGK-1 (TGKA.MM) said 2009 net profit rose sevenfold to 8.4 billion roubles ($266.2 million) as the firm part-cancelled an impairment charge amid strong market conditions.

The company, which supplies power to St Petersburg and Russia’s north-west, said in a Thursday statement it had gained more than 5.4 billion roubles from the accounting move, which related to two thermal power plants and a heating grid.

“Management considered recent favourable changes in operation of the Russian electricity market and resolved to partially reverse the impairment provision,” TGK-1 said.

Russia’s large cluster of power companies have been reporting sharply improved results in recent days on the back of recent liberalisation of the electricity market.

TGK-1, part owned by Gazprom (GAZP.MM) and Finland’s Fortum (TGKJ.MM) (FUM1V.HE), posted the 8.4 billion rouble net profit figure after recording a 1.2 billion rouble profit in 2008.

Full-year revenue rose to 41.35 billion roubles from 33.6 billion roubles, while operating profit increased more than ten times to 10.4 billion roubles. (Reporting by Denis Pinchuk, Writing by John Bowker/ Nastassia Astrasheuskaya; editing by Maria Kiselyova, Mike Nesbit) ($1=31.56 roubles)

Finnish outlook ‘unusually uncertain’ -IMF

June 7 (Reuters) – Finland faces an “unusually uncertain” economic outlook given the steep impact of the recession last year and the country’s rapidly-ageing population, International Monetary Fund (IMF) said on Monday.

“The deep recession is likely to reduce the trend level of output, and may also have a negative impact on the growth of potential output,” the IMF said in a statement on the Nordic country’s economy. “Activity has rebounded in recent quarters, and consumer and business confidence have picked up. Nonetheless, growth is projected at only 1.25 percent this year and at about 2 percent in 2011,” it said.

(Reporting by Terhi Kinnunen)

Nordea (Finland): Increase in the number of warrants

Referring to Nordea Bank AB (publ)’s Stock Exchange Release: Nordea Bank AB (publ)
issues 37 new warrant series on 17 March 2010.

The number of the warrants, which was released in 17 March 2010 by Nordea Bank AB
(publ), has increased as set below:

Warrant trading Warrant ISIN Original Increased Date of
code code Amount amount increase
OUT0I 17NDS FI4000010202 3 000 000 5 000 000 03.06.2010

Helsinki, 2 June 2010

NORDEA BANK AB (publ)

Tommi Saarnio

For further information, please contact Tommi Saarnio +358 9 369 49354

HUG#1420863

Finland sees H2 l-term funding need at 7 bln euros

June 1 (Reuters) – Finland’s State Treasury sees the Nordic country’s second-half long-term funding need at around 7 billion euros ($8.6 billion), Deputy Director Ari-Pekka Latti told Reuters on Tuesday.

“One to two auctions could be in the cards,” Latti said, adding that given the summer holidays it was not likely Finland would sell debt on the long-term side before September.

Five-year bond syndications were also possible in September-October, he said.

Latti’s comments came after Finland said it had sold 1.5 billion euros of its 2020 benchmark bond with a bid-to-cover ratio of 1.6.

(Reporting by Brett Young; editing by Jason Webb)

Finland sells 1.5 bln euros of 2020 bond

June 1 (Reuters) – Finland’s State Treasury gave the following information on Tuesday on the auction of its 2020 benchmark bond SUVQ.

The tap was the first for the bond, which was issued in March of this year [ID:nHEL009560] [ID:nLDE62821P].

Price/Yield: 104.77/2.813%

Total amount of bids: 2.42 billion euros

Accepted amount: 1.50 billion euros

Bid-to-cover ratio: 1.6

Outstanding stock after the auction: 5.5 billion euros

(Reporting by Brett Young)

Finland finmin: Greece problems could spread

HELSINKI, May 5 (Reuters) – Finland’s finance minister said on Wednesday there was still a risk that Greece’s financial problems could spread to Spain or Portugal.

Bonds

“Our economies are so linked that a risk that problems spread from a country to another is very high,” Finance Minister Jyrki Katainen said in an interview with Finnish broadcaster MTV3.

(Reporting by Helsinki Newsroom; Editing by Michael Roddy)

Finnair cancels flights due to ash, Finnish airspace closed

Finnish national carrier Finnair said it would cancel flights on Friday and probably on Saturday due to a cloud of ash from an Icelandic volcano that forced authorities to halt air traffic.

“We have cancelled all of today’s flights. It is likely that many Saturday’s flights will also be cancelled as the airspace remains closed at least until 3 p.m. (1200 GMT) tomorrow,” Finnair spokeswoman Inka Ikonen said.

She said the company had not yet estimated the costs of the traffic halt.

On an average day, Finnair has some 200 flights and it transports 15,000-20,000 passengers.

Finavia shut Finnish airspace at midnight (2100 GMT on Thursday) and warned on Friday morning air traffic halt would continue for now and Finnish airspace could be closed for days if the ash cloud stays over Finland.

(Reporting by Terhi Kinnunen; Editing by Anshuman Daga)

Stockmann: not aware of being Debenhams bid target-report

HELSINKI, April 12 (Reuters) – Finland’s national broadcaster YLE quoted department store group Stockmann (STCBV.HE) as saying it was not aware of being a bid target of British rival Debenhams (DEB.L).

Cyclical Consumer Goods

British newspaper the Independent on Sunday cited market speculation that Debenhams would be interested in buying Stockmann, which would give the British company access to Russian markets.

In its online edition late on Sunday, YLE quoted Stockmann’s CFO Pekka Vahahyyppa as saying: “Normally we don’t comment such rumours, but this is such a crazy market rumour that we have to comment. We don’t have this kind of information. Probably this is — I don’t know by whom — a fabricated idea.” (Reporting by Terhi Kinnunen; Editing by Anshuman Daga)

Posh on her way to be with ‘shattered’ Becks

London, Mar 16(ANI): Injured England midfielder David Beckham’s wife Victoria is on way to Helsinki to be with the shattered star.

Beckham had a successful two-hour operation in Finland on Monday, less than 24 hours after rupturing his left Achilles tendon during AC Milan’s Serie A game against Chievo at the San Siro.

The 34-year-old is likely to head back to Milan once he has recovered from his operation, while Victoria will return to Los Angeles to pick up their three sons.

Victoria had already planned to take Brooklyn, Romeo and Cruz to Italy for an Easter holiday with their dad.

The injury has come as a big disappointment for Beckham, who clearly wanted to be part of England manager Fabio Capello’s squad for this summer’s World Cup in South Africa, and had worked very hard to have a chance.

“David has been crying and is in deep shock. Football is his life and he feels like it has been unfairly taken away from him. He”s just so low,” The Sun quoted a friend, as saying.

“The only reason he carried on playing so hard in Europe and was away from his family for so long was to get to his last World Cup. He thinks it”s all been for nothing,” the friend added. (ANI)

Capello wants Beckham for England’s World Cup camp in South Africa

London, Mar 16(ANI): England manager Fabio Capello has told injured midfielder David Beckham that he can still be with the team for this summer’s World Cup in South Africa.

Capello has told Beckham that he is welcome to be a guest during the England camp in Rustenburg, as he believes the midfielder can have a positive influence on his World Cup squad by being around.

Beckham is out of the tournament after rupturing his left Achilles tendon during AC Milan’s Serie A game against Chievo at the San Siro on Sunday.

The 34-year-old had a successful two-hour operation in Finland on Monday, but he is not expected to play before September.

Capello also suggested that Beckham could recover in time to participate fully in the European Championship qualifying campaign, which will begin in September.

Beckham will be 37 by the time the tournament in Poland and Ukraine comes around in the summer of 2012, but the incentive of playing for England again has been spelt out to him as he begins his rehabilitation.

Doctors are optimistic that he can make a full recovery, and certain media reports have suggested that the setback will not force Beckham into retirement.

“David will play football again. There is no doubt in his mind about that. He is devastated he”ll miss the World Cup, but this isn”t the end of his career,” The Sun quoted a close friend, as saying.

Beckham will spend a couple of days in Finland before flying to London, where he will stay for around a week before his departure for Los Angeles. (ANI)

Climate change is faster in Arctic than in any other location on Earth

Washington, September 13 (ANI): Researchers at the University of Helsinki in Finland have participated in two new studies, which indicate that climate change is progressing faster in Arctic areas than in any other location on Earth.

The study results indicate that the Arctic eco-system has experienced immense changes in the last twenty years.

At many levels, the changes impact the eco-system services that the environment provides for people: the effects extend to the adequacy of natural resources, food production, climate temperature, and result in changes to the landscape.

The changes in the northern nature can be interpreted as an advance warning of what is to be expected on all latitudes.

The results show that spring begins considerably sooner than before.

The blossoming and pollination period of plants starts as much as twenty days sooner in comparison to the situation ten years ago.

Predators are in dire straits because nutrition is now available too soon in relation to the otherwise favourable nesting period.

The distribution of many insects has moved even more north. European winter moths, for example, have destroyed extensive birch areas in Lapland after moving north.

Species invading new areas might supersede the original species in the area, which is already happening to Arctic foxes, which are currently being overrun by red foxes.

Ivory gulls, ringed seals, polar bears and narwhals are examples of species with a small distribution and specialized habitats, and such species will be the first ones to suffer from the changes.

Climate change also has indirect effects that appear in the interaction between different species.

Olivier Gilg and academy professor Ilkka Hanski from the University of Helsinki have teamed up with Benoit Sittler, a researcher from the University of Freiburg, and studied the waning of the previously cyclical population dynamics of the collared lemming in Greenland.

With mathematical models, the researchers showed that the drastic change in the population dynamics of collared lemmings is explained by the fact that snow melts sooner than before.

The lemmings do not procreate as long as before below the snow, and are also easier for predators to hunt.

In addition, frost-melt events in winter form ice layers in the snow layer or at the tundra’s surface, which is why the lemmings are unable to find food like they used to. (ANI)

Lily Allen’s amputation fears after falling on her tailbone

Washington, Sep 2 (ANI): Brit singer Lily Allen has revealed that after she fell on her coccyx (tailbone), she feared that she would have to get her legs amputated.

Allen, 24, who describes the fall as “the most painful thing ever”, thought the injury would leave her paralysed, and she kept on crying throughout a concert in Helsinki, Finland, last month, because she was in so much pain after tripping over during an evening out.

“It really was the most painful thing ever. It was really horrible, because I had one of my security guys with me, and he said he turned around and just saw these two feet sticking out of the floor, in the air,” Contactmusic quoted her as saying.

“You know when you fall over your natural reaction is to get straight back up again? But I was in so much pain I thought I was paralysed or something. I mean, I really thought that I was going to have to have my legs cut off,” she said.

The ‘Smile’ singer had fallen while watching two DJ friends working.

She was “crouching” behind the decks so other partygoers wouldn’t see she was there when she slipped, and fell backwards off the stage.

“They basically gave me what I can describe as like an epidural, and yes, it numbed from my knees to my lower back to get through this show,” she explained to Absolute Radio’s Geoff Lloyd.

“But then half-way through the performance the thing started running out and I just burst into tears on stage. It was so horrible. I was sobbing real toddler tears,” she added. (ANI)

Same neural networks in brain process familiar and newly learnt words

Washington, August 29 (ANI): A series of experiments conducted as part of the Academy of Finland’s Neuroscience Research Programme (NEURO) have shown that the brain uses the same neural networks to process both familiar and newly learnt words.

In one experiment, participants learnt the name and/or purpose of 150 ancient tools. They had never heard those words before.

Their brain function was measured by means of magnetoencelography during the naming of the tools, both before and after the learning period.

It was observed that their brains used the same neural networks to process both familiar and newly learned words.

Academy Professor Riitta Salmelin, HUT Low Temperature Laboratory, who is in charge of the research, revealed that the names of objects were processed in the left temporal and frontal lobe within half a second of showing the image of the tool to the subject.

“If the subject had only recently learned the name of the tool, the naming process induced an activation that was just as strong or stronger than the activation induced by the image of a familiar object,” the researcher said.

Salmelin added that the learning of the meaning of ancient tools did not cause corresponding clear differences in the function of the brain.

According to the researcher, it seems that the processing of meanings in the brain differs essentially from the processing of names.

On the other hand, said Salmelin, the performance results indicated that new definitions were learnt even faster than new names.

The research team are now working on a follow-up study to explore the retention of learned words.

“We are also conducting a separate series of experiments to find out how our brain learns phonetic structures and, on the other hand, how the brain learns to identify letter combinations that are typical of a certain language,” Salmelin said.

Another area of interest in the ongoing study is the role of grammar in language learning.

The researchers say that they will try to explore how the brain learns to use the vocabulary and grammatical structure of an experimental miniature language. (ANI)

Visit Chandigarh’s international dolls museum to relive childhood

Chandigarh, Aug.8 (ANI): Visiting a doll museum could be a joy of different sort. Taking out a few hours to visit such a place along with family on any given day can feel like having revisited the joys of childhood.

Chandigarh’s International Dolls Museum is a place that can fascinate the hidden child in us. We come to realize this fact only after visiting this place.

All spruced up and renovated, this museum houses dolls that reflect the art and culture of various countries.

As we step into the museum inside Bal Bhavan in Chandigarh’s Sector 23, it feels as if hundreds of dolls smile back at us.

Set up in 1985, the museum is home to over 350 dolls brought here from 28 countries. It was the brainchild and initiative of Rotarian R. K. Saboo, who would bring back a doll from every country he visited for the children of Chandigarh.

Dressed in traditional costumes, the dolls originally belong to countries like Argentina, Austria, Belgium, France, Russia, USA, Germany, Finland, and Israel.

The museum has recently been renovated and now wears a new look and feel.

“We have taken one doll from one country and each country has a description about their culture, population so that the students who are most catered in this region, can come and have a look at a particular country and culture and dolls,” said Vidya Nand Singh, Consultant with the International Dolls Museum in Chandigarh.

“Secondly Chandigarh Association is also promoting International Tourism. Keeping this in mind we used all information, which can be beneficial for the tourists in India and abroad. We have displayed Indian dolls from each state and the special attraction is the tribal dolls. As we know that India has a rich tribal culture and we have displayed 20 -25 dolls of various tribes in the country,” Singh added.

The museum is divided into four section – international dolls, Indian dolls, activity corner, and history of dolls.

The Indian dolls have been collected from all states of the country and dressed up in area specific attires that showcase the culture and lifestyle of the region.

Also, an interesting section here belongs to dolls representing popular fairy-tale characters like Aladdin, Ali Baba, Cinderella, Sleeping Beauty and Snow While. All of them have been designed and made by local artists.

The museum has been planned in such a way that it fascinates not only children but also people of all age groups.

“It is a pleasurable moment visiting here. We came to know about different country dresses and dolls. We also came to know from where Teddy Bear started and we came to know that the first Teddy Bear was made in USA. There are so many dolls here and this place is especially good for the kids,” said Ruhi, a visitor.

“It is a good concept and we get to know a lot about culture and dresses of people across the world. We got to know about different countries and their dresses. It is a good outing,” said Kamal, another visitor.

The Chandigarh administration intends to make the International Dolls Museum one of the most sought after tourist destinations in the city.

However, it has a long way to go before it can match other international dolls museums in the country. By Sunil Sharma(ANI)

Hiddink will be a party pooper even if Chelsea wins FA Cup

London, May 30 (ANI): Guus Hiddink has admitted he will be a party-pooper even if Chelsea win the FA Cup.

Dutchman Hiddink said that he would have to leave Chelsea’s party early to join up with his Russia squad to prepare for their World Cup qualifier in Finland.

Hiddink, Chelsea’s interim coach, will only get to say a brief farewell to his players before AC Milan coach Carlo Ancelotti takes charge of Chelsea next week, reports The Mirror.

He said: “If everything goes well, we’ll have a beer or two. I will have to leave the same night. I will have to leave almost straight after the game to be with Russia to prepare for the World Cup qualifier. (ANI)

India strike gold in junior shooting

New Delhi, May 28 (IANS) India’s Sangram Dahiya won the gold medal in the double trap event on the opening day of the junior shotgun competition at Ormitilla, Finland Thursday.

According to information received here, Dahiya, a junior shooter from Delhi won the individual gold with a score of 139+39.

India also won gold in the team event comprising Chetan Sansanwal (113), Shyan Masood (107) and Dahiya (139).

Sansanwal stood sixth in the finals with a score of 113+41 while Masood was ranked eighth with a score of 107/150.

The silver and bronze medals went to Italy (120+41) and Finland (118+42), respectively.

Now, a phone that expresses users’ moods via ‘light messaging’

London, May 20 (ANI): If you feel that texting does not express your mood while you type an SMS, then new “light messaging” by Nokia of Finland might just do the trick for you.

The company has filed a patent on a new breed of cellphone capable of “light messaging”, which could enable users to send a text with a background colour that clearly expresses their mood.

According to New Scientist magazine, the phone’s software allows one to choose a colour that represents his or her mood-red for raging angry, perhaps, blue for sad, or yellow for mellow.

The colour is encoded with the message, and is used to illuminate an LED array on top of the recipient’s similarly equipped light-messaging phone.

Nokia’s Teppo Jokinen, the inventor of the system said that light messaging would “enrich and improve user experiences”, according to US patent application. (ANI)

India dismisses Nepal charge of interference in its internal affairs

New Delhi/Kathmandu, May 5 (ANI): The Indian Government on Tuesday rejected the Maoist Government in Nepal’s allegation that it was responsible for the political chaos in that nation.

New Delhi rubbished Maoist claims that it had aided the Nepal Army and backed Nepal President Ram Baran Yadav’s decision to rescind the sacking order of General Rukmangad Katawal.

External Affairs Ministry sources were quoted by a television channel as saying that India had never backed any unconstitutional move in Nepal.

New Delhi’s rejoinder came as an all-party meeting is being held in Kathmandu today at the UML parliamentary office to discuss ways to resolve the political crisis in Nepal following Prime Minister Pushpa Kamal Dahal aka Prachanda”s resignation on Monday.

On Monday evening, leaders of the Nepali Congress (NC) and the CPN (UML) met at the UML central office to attempt to form a new coalition.

After the meeting UML chairman Jhala Nath Khanal said his party is ready to take over the leadership of the next government.

“It was unfortunate for the nation that the army row led to change in the government,” he added.

He stressed on the need for a new agreement among the principal political forces to ensure that the nation gets a new Constitution on time.

UML leader Madhav Kumar Nepal said that Prachanda”s resignation has “paved the way to move forward” and added that the parties would now intensify their deliberations to reach a consensus on the next ruling alliance.

Nepali Congress Vice President Ram Chandra Poudel said his party is in favour of a national consensus on how to move ahead.

He hinted that NC might support the UML to lead the new government.

Meanwhile, the Unified CPN (Maoist) following Prachanda”s resignation has decided to launch an agitation in favour of democracy and civil supremacy.

Prachanda had announced his resignation through an address to the nation on Monday afternoon.

However, the European Union (EU) and the United States have expressed serious concern over the current political developments and its possible consequences in the ongoing peace process.

Issuing a press statement, European Union Heads of Mission (Denmark, Finland, France, Germany, United Kingdom and European Commission) and the representative of The Netherlands in Kathmandu called on all political parties to act responsibly and in accordance with democratic principles. (ANI)

On Monday, External Affairs Minister Pranab Mukherjee said in a statement: “What is happening in Nepal is internal to Nepal. We wish Nepal well in its transition to a fully democratic polity and would hope that the present crisis is resolved in a manner which contributes to the early conclusion of the peace process.”

“We would hope that the broadest possible political consensus would make it possible for Nepal to concentrate on the agreed tasks of Constitution making and of democratic transition,” he added. (ANI)

All-party’ meet to discuss ways to resolve Nepal crisis

Kathmandu, May 5 (ANI): An all-party meeting is being held here today at the UML parliamentary office to discuss ways to resolve the political crisis in Nepal following Prime Minister Pushpa Kamal Dahal Prachanda’s resignation.

On Monday evening, leaders of the Nepali Congress (NC) and the CPN (UML) met at the UML central office to attempt to form a new coalition.

After the meeting UML chairman Jhala Nath Khanal said his party is ready to take over the leadership of the next government.

“It was unfortunate for the nation that the army row led to change in the government,” he added.

He stressed on the need for a new agreement among the principal political forces to ensure that the nation gets a new Constitution on time.

UML leader Madhav Kumar Nepal said that Prachanda’s resignation has “paved the way to move forward” and added that the parties would now intensify their deliberations to reach a consensus on the next ruling alliance.

Nepali Congress Vice President Ram Chandra Poudel said his party is in favour of a national consensus on how to move ahead.

He hinted that NC might support the UML to lead the new government.

Meanwhile, the Unified CPN (Maoist) following Prachanda’s resignation has decided to launch an agitation in favour of democracy and civil supremacy.

Prachanda had announced his resignation through an address to the nation on Monday afternoon.

However, the European Union (EU) and the United States have expressed serious concern over the current political developments and its possible consequences in the ongoing peace process.

Issuing a press statement, European Union Heads of Mission (Denmark, Finland, France, Germany, United Kingdom and European Commission) and the representative of The Netherlands in Kathmandu called on all political parties to act responsibly and in accordance with democratic principles. (ANI)