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Norway could become the first nation to make deep sea mining happen on a commercial scale if the country's parliament approves a plan to open ocean an area larger than the United Kingdom to the new industry. The mining could provide a source for such metals as copper and rare earth elements for the transition away from fossil fuels. He did not say whether SV would make support for the government's budget conditional on the issue. Still, Haltbrekken said deep sea mining was "high on our agenda" and "an important issue for us". In 2021, SV blocked the government's plans to conduct oil and gas exploration licensing round in frontier areas.

Persons: Lars Haltbrekken, Haltbrekken, SV, Victoria Klesty, Nerijus, Gwladys Fouche, Timothy Gardner Organizations: Reuters, NOAA, of Ocean Exploration, REUTERS, Rights, Labour, Centre Party, Socialist Left, SV, Conservative, Progress Party, Thomson Locations: Rights OSLO, Norway, United Kingdom

☆ Norway's Labour loses regional vote after a century on top
▼ + stars: | 2023-09-11 | by ( ) www.reuters.com time to read: +1 min

[1/3] Norwegian Prime Minister Jonas Gahr Store receives the election day forecasts at the Labor Party's election vigil during the municipal election 2023, in Oslo, Norway September 11, 2023. Terje Pedersen/NTB/via REUTERS Acquire Licensing RightsOSLO, Sept 11 (Reuters) - Norway's governing Labour Party fell to second place behind the Conservatives in Monday's regional and municipal election, a preliminary count showed, the first time since 1924 that the leftwing group failed to finish first in a nationwide vote. With 60% of ballots counted, Labour had won 21.8% of the vote, official data showed, down from 24.8% in 2019, while the Conservative Party stood at 25.8%, up from 20.1% four years ago. While the setback deepens Labour's woes, Prime Minister Jonas Gahr Stoere has said he will continue to lead his minority coalition government regardless of the regional vote's outcome, which does not affect the composition of parliament. Labour and the rural-oriented Centre Party, in government since 2021 following a landslide for leftwing parties, next face an election for parliament in 2025.

Persons: Jonas Gahr, Terje Pedersen, Jonas Gahr Stoere, Erna Solberg, Terje Solsvik, Gwladys Organizations: Norwegian, Labor, REUTERS Acquire, Rights, Labour Party, Labour, Conservative Party, Soaring, Party, Conservative, Thomson Locations: Oslo, Norway, Rights OSLO, Monday's

☆ Communist rift plunges Nepal's ruling coalition into crisis
▼ + stars: | 2023-02-27 | by ( Gopal Sharma | ) www.reuters.com time to read: +3 min

KATHMANDU, Feb 27 (Reuters) - Splits within Nepal's communist-dominated ruling coalition plunged the Himalayan nation into crisis on Monday as a Marxist-Leninist party said it would withdraw support after the Maoist prime minister backed an opposition candidate for the presidency. Current prime minister Pushpa Kamal Dahal, a former Maoist guerrilla leader in the mountainous nation sandwiched between China and India, has held the post three times. Last week, Prachanda infuriated the UML by pledging support for the opposition Nepali Congress party's presidential candidate, Ram Chandra Paudel. Prachanda had earlier agreed to support a UML candidate for the presidency, according to politicians in the coalition. Four ministers, including a deputy prime minister from another party, also quit the government over the weekend due to the same issue.

☆ Nepal's ruling coalition in turmoil as deputy PM and 3 other ministers quit
▼ + stars: | 2023-02-25 | by ( Gopal Sharma | ) www.reuters.com time to read: +2 min

KATHMANDU, Feb 25 (Reuters) - Nepal's ruling coalition was in turmoil on Saturday after the prime minister said he planned to support a presidential candidate from an opposition party, a decision that prompted the deputy prime minister and three other ministers to resign. But they said the turmoil could lead a new coalition being formed. He did not give a reason for his decision, though the Nepali Congress party is a former ally of Prachanda's Maoist Centre party. On Saturday, Rajendra Lingden, the deputy prime minister who was also minister for energy, water resources and irrigation, resigned in protest, along with the ministers for urban development and legal matters, while a junior minister assisting Lingden also quit. Prachanda's office confirmed the four ministers had resigned but did not say whether the resignations had been accepted.

☆ Nepal's new govt seeks to balance its ties with India, China in growth pursuit
▼ + stars: | 2022-12-26 | by ( Gopal Sharma | ) www.reuters.com time to read: +3 min

UML's leader and Nepal's former prime minister, Khadga Prasad Sharma Oli, is believed to be pro-China. Nepal is one of several South Asian countries where India and China seek influence. India has long considered Hindu-majority Nepal, a Himalayan country of 30 million, as a natural ally based on their close historical ties and long open border. Prime Minister Narendra Modi of India, which is Nepal’s biggest trade and economic partner, was one of the first foreign leaders to wish Prachanda, who has been prime minister twice before. "The unique relationship between India & Nepal is based on deep cultural connect & warm people-to-people ties," Modi said on Twitter.

☆ Nepal's 'fierce' ex-guerrilla chief becomes new prime minister
▼ + stars: | 2022-12-25 | by ( Gopal Sharma | ) www.reuters.com time to read: +2 min

Prachanda, who replaces Sher Bahadur Deuba of the Nepali Congress party, will step down in 2025, making way for the UML to take over the office, local media reported. Remaining work of distribution of key other posts and ministries is still to be worked out," Dev Gurung, the general secretary of Prachanda's Maoist Centre party told Reuters after a meeting of the new coalition. The new coalition comes to power hours after Prachanda,68, surprisingly walked out of the ruling alliance led by Deuba of the Nepali Congress party. Deuba and Prachanda had both campaigned in the November election pledging to keep the old alliance intact for several years. The Nepali Congress party will be the main opposition controlling 89 seats.

☆ Swedish man found guilty of murder, planning to kill politician
▼ + stars: | 2022-12-06 | by ( ) www.reuters.com time to read: +1 min

STOCKHOLM, Dec 6 (Reuters) - A Swedish court on Tuesday found a man guilty of murdering a woman and of planning to kill a senior politician at a festival in July, and ordered that he be taken into psychiatric care. The murder took place close to where Centre Party leader Annie Loof had been due to hold a news conference. The Gotland district court said the killer, Theodor Engstrom, had mapped Loof's agenda and was planning to murder her. The 33-year-old has said his intention was to hit back at the Swedish population," Judge Per Sundberg told a news conference. Engstrom pleaded guilty to murdering the psychiatrist Ing-Marie Wieselgren, but rejected charges related to Loof.

☆ Explainer: Key issues in Nepal's national elections
▼ + stars: | 2022-11-18 | by ( Gopal Sharma | ) www.reuters.com time to read: +3 min

KATHMANDU, Nov 18 (Reuters) - Nepal will hold national and provincial elections on Sunday, which the ruling coalition, led by the centrist Nepali Congress party, are expected to win. MAIN CONTESTANTSPrime Minister Sher Bahadur Deuba, who leads the Nepali Congress party, has allied with the Maoist Centre party, the main group of former Maoist rebels. His Nepali Congress party is considered the closest to India. The Maoist Centre party led by supremo Prachanda could emerge as a kingmaker in case of inconclusive elections. CHINA, INDIA INTERESTNeighbouring China and India, with their strategic and economic interests, will be watching the election results.

☆ Nepal’s Oli vows balanced ties with China, India if returned to power
▼ + stars: | 2022-11-04 | by ( Gopal Sharma | ) www.reuters.com time to read: +3 min

KATHMANDU, Nov 4 (Reuters) - Nepal's main communist opposition party will balance the Himalayan nation's ties with neighbours China and India for mutual benefit if it is returned to power in a general election this month, its leader said. India, Nepal’s biggest trade and economic partner, sees it as a natural ally and has invested billions of dollars in its infrastructure. Sharma Oli, a two-time former prime minister and president of opposition Communist Party of Nepal (Unified Marxist-Leninist), or UML, told Reuters in an interview on Wednesday. Our foreign policy will be based on mutual benefits and mutual respect,” Oli said as he sat in his office. "The high interest rates are not helpful to businesses and industries," Oli said, vowing to cut rates if returned to power.

☆ Norway to hike taxes by $3 billion on power firms, fish farms
▼ + stars: | 2022-09-28 | by ( ) www.reuters.com time to read: +2 min

OSLO, Sept 28 (Reuters) - Norway's centre-left government said on Wednesday it plans to increase taxes on electricity producers and fish farmers to raise an extra 33 billion crowns ($3 billion) a year. "Energy producers and the aquaculture industry make billions of crowns on our common resources," the finance ministry said in a statement. The extra taxes impose a resource rent tax on aquaculture and wind power, an increase in the resource rent tax on hydropower and an extraordinary tax on wind and hydropower due to the very high electricity prices. Costs linked to taking in refugees, ongoing public construction projects, benefit payments and household power subsidies will rise by some 100 billion crowns in 2023, the government has said. ($1 = 10.8822 Norwegian crowns)Register now for FREE unlimited access to Reuters.com RegisterReporting by Terje Solsvik; Editing by Gwladys Fouche and Alexander SmithOur Standards: The Thomson Reuters Trust Principles.

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