Norway
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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Nobel Peace Prize 2024 awarded to Japanese atomic bomb survivor organization Nihon Hidankyo
The Norwegian Nobel Institute is pictured in Oslo, Norway on September 25, 2024. Jonathan Nackstrand | Afp | Getty Images Japanese atomic bomb survivor organization Nihon Hidankyo won the Nobel Peace Prize on Friday in recognition of the organization’s efforts to achieve a world free of nuclear weapons. “This grassroots movement of atomic bomb survivors […]
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It’s a big week for central banks around the world, with a slew of rate moves on the table
Federal Reserve Chair Jerome Powell announces interest rates will remain unchanged during a news conference at the Federal Reserves’ William McChesney Martin Building in Washington, D.C., on June 12, 2024. Kevin Dietsch | Getty Images A flurry of major central banks will hold monetary policy meetings this week, with investors bracing for interest rate moves […]
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Norway wealth fund may divest companies that aid Israel in Gaza war, occupied territories
A view of Oslo seen from the roof of the Oslo Opera House in Oslo, Norway, on Thursday, Oct. 21, 2021. Bloomberg | Bloomberg | Getty Images Norway’s $1.7 trillion wealth fund may have to divest shares of companies that violate the fund watchdog’s new, tougher interpretation of ethics standards for businesses that aid Israel’s operations in the occupied Palestinian territories. The Council on Ethics for the world’s largest sovereign wealth fund sent […]
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World’s largest sovereign wealth fund posts $138 billion in first-half profit as AI demand boosts tech
The Norges Bank, Norway’s central bank, in Oslo, Norway, on Tuesday, Oct. 17, 2023. Bloomberg | Bloomberg | Getty Images Norway’s massive sovereign wealth fund on Wednesday posted first-half profit of 1.48 trillion kroner ($138 billion), primarily driven by robust returns on its investments in technology stocks. The so-called Government Pension Fund Global — the […]
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WSJ reporter Evan Gershkovich, ex-Marine Whelan released in U.S., Russia prisoner swap
Paul Whelan (L) & Evan Gershkovich Reuters Wall Street Journal reporter Evan Gershkovich and former U.S. Marine Paul Whelan were released Thursday by Russia as part of a major, multi-nation swap of two dozen prisoners. The Russian-American journalist Alsu Kurmasheva and British-Russian activist Vladimir Kara-Murza also were freed as part of the swap, along with […]
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‘Too cheap to ignore’: Buy this under-the-radar global bank with a 9% yield, analyst says
Shares of Nordea Bank , the Finnish lender, have been labeled “too cheap to ignore” by investment bank Berenberg. Nordea , founded in 1820 and headquartered in Helsinki, has millions of customers throughout Finland, Sweden, Norway, and Denmark. The stock is also traded in the U.S., U.K. , Germany , Italy and Switzerland . Earlier […]
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Norway discovers Europe’s largest deposit of rare earth metals
Neodymium is displayed at the Inner Mongolia Baotou Steel Rare-Earth Hi-Tech Co. factory in Baotou, Inner Mongolia, China. Nelson Ching | Bloomberg | Getty Images Mining firm Rare Earths Norway says it has discovered Europe’s largest proven deposit of highly prized rare earth elements, potentially reflecting a watershed moment for both the Nordic country and […]
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‘Drone wall’ against Russia: Six NATO countries announce border defense plan
Pilots of the “Sharp Kartuza” division of FPV kamikaze drones prepare drones for a combat flight on May 16, 2024 in the Kharkiv region, 8 km from the border with Russia. Libkos | Getty Images News | Getty Images Six NATO countries neighboring Russia are joining forces to build a “drone wall” to protect their […]
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Ukraine war reside updates: Russia’s Belgorod area comes underneath nighttime assault Norway blocks entry for most Russian travelers
Border Belgorod area focused with 35 rockets and 3 drones, Russia suggests Russia claimed its air protection techniques shot down 35 rockets and 3 drones more than the border Belgorod area right away. “Throughout the previous night, an try by the Kyiv routine to have out a terrorist assault using the ‘Vilkha’ several start rocket […]
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