by Gwladys Fouche ARENDAL, Norway (Reuters) – Norway’s sovereign wealth fund posted a profit of 1.501 billion crowns (131.1 billion euros) in the first half, thanks in particular to the growth of American technology companies and their development in artificial intelligence (AI). The fund’s holdings in US tech soared 39% over the period, led by…
Crown Prince Haakon Norway’s future king turns 50 Crown Prince Haakon of Norway celebrates his 50th birthday on July 20th. © Liv Oeian/Shutterstock.com The Norwegian Crown Prince Haakon turns 50 – and despite all the joy, he should also be thinking about the future of the royal family. The Norwegian heir to the throne is…
Published on 06/22/2023 at 10:40 a.m. OSLO, June 22 (Reuters) – Norway’s central bank raised its main interest rate by half a point on Thursday and said it was considering another hike in August. The sight deposit rate is now set at 3.75%. Of 32 economists polled by…
Who will break Norway’s dominance? “Wax Mafia” sobers German biathletes 01/10/2023 5:14 p.m The ski technicians of the Norwegian biathlon team only jokingly refer to themselves as “mafia”, but the Scandinavians undoubtedly occupy a dominant position at the moment. A few weeks before the World Championships at home, the top German athletes don’t even look…
The Norwegian government is reluctant to temporarily waive tariffs on agricultural exports in war-torn Ukraine. This has created bad blood domestically. The opposition speaks of “disgraceful pettiness” in favor of the local farmers’ lobby. Mountain farm in Norway. Agriculture is heavily protected, which is a constant source of political controversy in Norway. Wolfgang Cezanne /…
Norway’s Ambassador elaborates “The submarine deal with Germany is unique” By Andrea Sellmann and Mary Abdelaziz-Ditzow 12/15/2022 09:43 am Norway and Germany jointly build six submarines. In an interview with ntv, the Norwegian Ambassador Larsen praised the cooperation as an important contribution to the defense of Europe. The deal also brings the two countries closer…
A Bitcoin (BTC) green is more expensive ! – The cost of cryptocurrency mining in Norway could increase if the country’s finance minister, Trygve Slagsvold Vedum, manages to remove this tax reduction for miners. Electricity tax and cryptocurrency mining in Norway: back to normal? The context has changed. In an announcement on October 6, the…
Norway’s King Harald The Royal was taken to the hospital King Harald with Princess Ingrid Alexandra of Norway at a royal gala dinner in June 2022. © imago images/NTB ROY Harald V. of Norway was hospitalized this Thursday. The palace has clarified his health condition. Norway’s King Harald (85) was hospitalized in Oslo this Thursday…
EU imports affected Norway’s gas workers threaten to go on strike 07/03/2022, 5:30 p.m While Europe is preparing for a gas stop from Russia, Norway is moving into the center of hopes as a substitute supplier. Oil workers there are threatening to go on strike if employers fail to meet their demands. That could reduce…
Young people gather around the London Pub in Oslo. On the night of June 24 to 25, two people died and twenty-one others were injured, in what the population interprets as a homophobic attack. TERJE PEDERSEN / AFP The roar of the tram, a few cries of seagulls, and a deafening silence. The Norwegian capital…
Norway’s sovereign wealth fund, a shareholder in the firm, will vote against Tim Cook’s $99 million package. Too much is too much, essentially believes the Norwegian sovereign wealth fund concerning the remuneration of Tim Cook, the general manager of Apple. The fund, the most richly endowed in the world with more than 1.1 trillion euros…
Norway’s comeback repelled Herrmann fights relay to bronze 02/16/2022, 09:59 am Only one medal stands for the German biathletes up to the women’s relay race in the statistics, the weakest Olympic performance ever threatens. But gold medalist Denise Herrmann saved the German quartet the bronze medal from Norway. The German biathletes have won an Olympic…
