Norway
I’m in Norway — and EVs are everywhere. Here’s what the country has done differently
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 Sept. 27, 2024. Jonathan Nackstrand | Afp | Getty Images OSLO, Norway — Electric vehicles are pretty much everywhere you look in Norway. The wealthy Nordic country, […]
Read More
Chinese car brands are rapidly making inroads in Europe’s EV utopia
Oslo Taxi’s NIO ET5 electric vehicle from Nio Inc, a Chinese multinational electric car manufacturer, drives through the Norwegian capital Oslo, on September 27, 2024. Jonathan Nackstrand | Afp | Getty Images OSLO, Norway — China is hoovering up market share in electric vehicle-friendly Norway, posing significant competition to Elon Musk’s Tesla and other Western […]
Read More
Norway’s Tesla obsession defies Europe’s Musk backlash
An electric car at a charging station in the Norwegian capital of Oslo on Sept. 25, 2024. Jonathan Nackstrand | Afp | Getty Images OSLO, Norway — Tesla continues to find solace in Norway, defying a sustained European slump amid a backlash over CEO Elon Musk’s incendiary political rhetoric. The U.S. electric vehicle maker recorded […]
Read More
CNBC Daily Open: The battleground for Fed chair might have shifted to renovations from rates
Construction work around the Federal Reserve building on Sept. 17, 2024 in Washington, DC, U.S. Anna Moneymaker | Getty Images News | Getty Images Homo economicus, or the “economic man,” is an idea that depicts humans as rational beings. This assumption has been used to construct models of the economy and, more broadly, society. The […]
Read More
CNBC Daily Open: Elon Musk’s companies aren’t fully self-driving and await his steering
Tesla CEO Elon Musk attends the Saudi-U.S. Investment Forum, in Riyadh, Saudi Arabia, May 13, 2025. Hamad I Mohammed | Reuters In his first week away from the U.S. government’s so-called Department of Government Efficiency, Elon Musk is seeing positive activity in his companies. His brain tech startup Neuralink announced a $650 million funding round, while […]
Read More
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 […]
Read More
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 […]
Read More
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 […]
Read More
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 […]
Read More
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 […]
Read More