Economy

Crypto Market
Dr. Doom: Crypto Apocalypse Awaits – A Pseudo-Currency

The days of the crypto industry are numbered, writes economics professor and strategist Nouriel “Dr. Doom” Roubini for the debate site Project Syndicate.

In one week, $500 billion in value has been wiped out from the market. Roubini calls bitcoin a pseudo-currency and believes that it does not work as insurance in unstable times. He also believes that Trump is greedy and ignorant in the face of the corrupt pressures of the crypto industry.

“The future of money and payments will be characterized by gradual development, not the revolution that crypto scammers promised,” he writes.

Roubini was one of the economists who predicted the crash of 2008 and was then nicknamed “Dr. Doom.”

The development of AI
Wall Street falls as AI threatens software companies

Yesterday's tech turbulence on Wall Street was widespread, dragging down all sorts of stocks in companies that in one way or another sell or invest in software, writes the Wall Street Journal. Overall, it is estimated that $300 billion in market capitalization – equivalent to almost SEK 2,700 billion – has been lost to the rot.

The declines affected everything from software manufacturers such as Adobe and Salesforce, to Legalzoom and the London Stock Exchange.

The background is a renewed concern that new AI tools will hit specialized software developers and cut into their advantage.

What is happening now is not a liquidity or credit crisis, says Jon Gray, CEO of investment giant Blackstone.

– This is a change that is happening in the economy, he says in the newspaper's webcast WSJ Invest Live.

The flood of reports
Novo Nordisk plunged 17 percent on the Copenhagen Stock Exchange

The Danish pharmaceutical giant Novo Nordisk plunged 17 percent on the Copenhagen Stock Exchange. This corresponds to a loss of 385 billion kronor, writes DI.

The reason is the brought forward quarterly report, which signals a loss in sales and lower profits in 2026.

- We are facing price pressure that has never been seen before, says CEO Mike Doustdar during the press conference, according to Berlingske.

Novo Nordisk brought forward its financial statements for 2025 to Tuesday evening, from the original release on Wednesday morning. The operating profit was in line with analysts' expectations.

On Avanza, over 111,000 small savers own the share.

SAS's future
SAS CEO: We are planning larger purchases of long-haul aircraft

SAS is in talks with Boeing and Airbus about a larger purchase of long-haul aircraft, CEO Anko van der Werff tells Bloomberg.

The airline is evaluating Boeing's 787 and 777X as well as Airbus's A350 and A330 Neo. The CEO does not want to state how many aircraft are involved, but says the deal is large enough to arouse great interest from both manufacturers and engine suppliers.

The background is an increasing demand for intercontinental travel from SAS's hub in Copenhagen, including to Boston, San Francisco, Chicago, Seoul, Tokyo and Bangkok.

Air France-KLM controls over 60 percent of SAS.

Greenland crisis Trump's tariff policy
EU takes customs agreement with the US out of the freezer

The EU Parliament resumes work on approving the Union's trade agreement with the US. The announcement comes after the agreement was put on hold in connection with Donald Trump's military and financial threats in the Greenland issue. AFP reports.

- The message to Washington is clear: Respect for Europe's sovereignty and full compliance with the EU-US agreement by Scotland is non-negotiable, comments Bernd Lange, chairman of the EU's trade committee.

The trade committee can decide on the implementation of the agreement at its next meeting on February 24.