Norway
Baby boomers and first-time travelers are shunning Europe’s summer hotspots in favor of ‘coolcations’
Baby boomers and first-time travelers appear to be driving a so-called “coolcations” trend, shunning Europe’s peak summer hotspots in favor of cooler climes — such as the Nordic and Baltic countries. Extreme summer heat, combined with cost and overcrowding concerns, are affecting where people choose to go on vacation. For some, the appeal of booking […]
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Norway urged to scrap ban on $1.8 trillion wealth fund investing in weapons makers
Nicolai Tangen, CEO of Norges Bank Investment Management, addresses a press conference on his company’s annual results for 2024 at Norges Bank in Oslo, Norway, on January 29, 2025. Ole Berg-rusten | Afp | Getty Images Norway’s government is under growing pressure to let the country’s $1.8 trillion sovereign wealth fund invest in certain defense […]
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Norway plans to raise financial support for Ukraine, prime minister says
Ukrainian President Volodymyr Zelensky (2L) attends a Nordic summit meeting with leaders of the five Nordic nations, key backers in Kyiv’s fight against Russia’s invasion on December 13, 2023 in Oslo. Cornelius Poppe | Afp | Getty Images The Norwegian government will soon ask that parliament increases its financial backing for Ukraine, Norway’s Prime Minister […]
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Former NATO chief Stoltenberg to become Norway’s finance minister after Oslo government collapse
Former Secretary General of NATO Jens Stoltenberg speaks with the media regarding 2024 U.S. presidential election, in Oslo, Norway, November 6, 2024. Thomas Fure | Via Reuters NATO’s former Secretary General Jens Stoltenberg has been appointed as Norway’s next finance minister, the government announced Tuesday. Stoltenberg headed the Western military alliance for 10 years before […]
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World’s largest sovereign wealth fund reports $222 billion annual profit on tech rally
Nicolai Tangen, CEO of Norges Bank Investment Management, at the World Economic Forum in Davos, Switzerland, on Jan. 22, 2025. Stefan Wermuth | Bloomberg | Getty Images Norway’s sovereign wealth fund — the largest of its kind in the world — posted full-year profit of 2.5 trillion kroner ($222.4 billion) on Wednesday, fueled by a […]
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Norway is set to become the first country to fully transition to electric vehicles
Oslo Taxi’s Tesla model Y (L) and the NIO ET5 electric vehicle from Nio Inc, a Chinese multinational electric car manufacturer, drive through the Norwegian capital Oslo, on September 27, 2024. Jonathan Nackstrand | Afp | Getty Images Norway is set to become the first country in the world to effectively erase gasoline and diesel […]
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‘Noctourism’ is expected to be a big travel trend in 2025
Rebecca Douglas has been to Iceland 29 times. And she’s already booked her 30th trip. The goal of every trip is the same: photographing the aurora borealis, or Northern Lights. Douglas has been photographing this spectacular phenomenon since 2010. It’s colors — which can paint the sky a dazzling array of green, purple, yellow and […]
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‘One of the best experiences I’ve had as a parent.’ The benefits of father-daughter trips
I work shifts, four days on four days off, as a firefighter. This gives me a huge advantage in terms of time I have with my daughter. Together, we’ve attended play dates, and craft and toy sharing sessions — and despite online portrayals of a more equal world, I am usually the only dad present. […]
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Norway hits pause on controversial deep-sea mining plans
Norway’s Prime Minister Jonas Gahr Store gives a speech during the Autumn 2024 conference of Equinor, a Norwegian multinational energy company, in Oslo, Norway on November 26, 2024. Thomas Fure | Afp | Getty Images Norway has shelved plans to open a vast ocean area at the bottom of the Arctic for commercial-scale deep-sea mining. […]
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World’s largest sovereign wealth fund posts $76 billion in quarterly profit as interest rates fall
The headquarters of the Norges Bank, Norway’s central bank, in Oslo, Norway, on Tuesday, Jan. 30, 2024. Bloomberg | Bloomberg | Getty Images Norway’s gigantic sovereign wealth fund on Tuesday reported third-quarter profit of 835 billion Norwegian kroner ($76.3 billion), citing a stock market boost from falling interest rates. The so-called Government Pension Fund Global, […]
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