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☆ Global central banks unite in "higher for longer" credo
▼ + stars: | 2023-09-21 | by ( Mark John | ) www.reuters.com time to read: +6 min

The so-called "higher for longer" mantra is now the official stance of the U.S. Federal Reserve, European Central Bank and the Bank of England, as well as being echoed by monetary policy-makers from Oslo to Tapei. U.S. Federal Reserve policymakers had a similar message on Wednesday. Turkey's central bank confirmed its hawkish turn while in Asia, Taiwan's central bank flagged continued tight policy. Reuters Graphics"TIPPING POINT"Belgian central bank chief and ECB board member Pierre Wunsch - an early voice urging tougher central bank action to counter inflation from end-2021 - said on Thursday that monetary policy was now at the right level. That said, the prospect that global interest rates are pretty close to peak will be of huge relief to emerging economies suffering from heavy debt servicing loads.

Persons: Jerome Powell, Christine Lagarde, Kazuo Ueda, Ann, BoE, Andrew Bailey, Pierre Wunsch, Wunsch, COVID lockdowns, Jerome, Powell, Krishna Guha, Howard Schneider, Balazs Koranyi, Catherine Evans Organizations: European Central Bank, Bank of Japan, Kansas City Federal, REUTERS, U.S . Federal Reserve, Bank of England, U.S . Federal, Swiss National Bank, South African Reserve Bank, People's Bank of, Reuters, ECB, Reuters Global Markets, Economics, Sterling, Swiss, United, Thomson Locations: Jackson Hole , Wyoming, U.S, Central, Oslo, Tapei, Europe, Norway, Sweden, Asia, People's Bank of China, Belgian, United States, Ukraine, Washington, Frankfurt, London, Stockholm, Zurich, Ankara

☆ Adevinta confirms acquisition proposal from Blackstone-Permira consortium
▼ + stars: | 2023-09-21 | by ( ) www.reuters.com time to read: +1 min

Sept 21 (Reuters) - EBay-backed online classifieds group Adevinta (ADEA.OL) said on Thursday it has received a proposal from a consortium led by Permira and Blackstone (BX.N) regarding a potential offer to acquire the company. Bloomberg News, which had earlier reported on the potential acquisition, said the consortium was studying a possible deal to take Adevinta private. Norwegian media group Schibsted (SCHA.OL), a major Adevinta shareholder, and eBay (EBAY.O) expressed their support for the proposal and will retain part of their current stake, Adevinta said. EBay in 2021 sold part of its stake in Adevinta to Permira for $2.25 billion. Reporting by Rishabh Jaiswal in Bengaluru; Editing by Shweta Agarwal and Shounak DasguptaOur Standards: The Thomson Reuters Trust Principles.

Persons: Adevinta, Blackstone, Permira, Rishabh, Shweta Agarwal, Shounak Organizations: EBay, Permira, Blackstone, Bloomberg, eBay, Thomson Locations: Oslo, Norwegian, Adevinta, Permira, Bengaluru

The lawyers want a judge to approve $229 million in fees, or $10,690 an hour, according to a Sept. 8 filing in Delaware's Court of Chancery. The legal fee and the settlement must be approved by a Delaware judge at a hearing scheduled for October. The Telsa directors have not objected to the fee request but are expected to do so, according to a court filing by the plaintiffs' lawyers. In 2012, the Delaware Supreme Court affirmed a $304 million fee in a Southern Copper shareholder lawsuit involving $2 billion of damages. The Delaware Court of Chancery judge overseeing the Tesla case, Kathaleen McCormick, has scheduled a hearing on Oct. 13 to approve the settlement and the fee.

Persons: Tesla's, James Murdoch, Larry Ellison, Bleichmar Fonti, McCarter, Ronald King, Clark Hill, George Bauer, David Paige, Paige, Kathaleen McCormick, Tom Hals, Amy Stevens, Marguerita Choy Organizations: REUTERS, Partners, Bleichmar, Shukurov, Advisors, Southern, Thomson Locations: Oslo, Norway, Victoria, WILMINGTON , Delaware, Delaware's Court, Delaware, New York, Wilmington , Delaware, Lansing , Michigan

☆ History books will tell how Ukraine transformed modern warfare, says top NATO admiral
▼ + stars: | 2023-09-17 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +4 min

History books will show that Ukraine has transformed modern warfare, said a top NATO admiral. Bauer says that NATO will support Ukraine throughout the war and the "many, many years after that." "Every day, we are in awe of our Ukrainian brothers and sisters in uniform," Bauer told the NATO Military Committee Conference. History books will show Ukraine has transformed modern warfare. The NATO chief said that Ukraine would "eventually" become a military alliance member.

Persons: Adm, Rob Bauer, Bauer, Muhammed Enes Yildirim, Getty Images Bauer, Jens Stoltenberg, Stoltenberg, Germany's Funke, Jamar Marcel Pugh Organizations: NATO, Service, NATO Military Committee, Armed Forces, NATO Military, Conference, Putin's, Anadolu Agency, Getty Images, Moldovan, Novo, Novo Selo Training, US Army National Guard Locations: Ukraine, Wall, Silicon, Oslo, Norway's, Bahkmut, Bakhmut, Russia, Kyiv, NATO, Novo Selo, Bulgaria, Sweden

Banners displaying the NATO logo are placed at the entrance of new NATO headquarters during the move to the new building, in Brussels, Belgium April 19, 2018. "That means that we cannot make sure that the increased defence spending actually leads to more security." In February, NATO Secretary-General Jens Stoltenberg warned Kyiv was burning through shells much faster than the West could produce them. Bauer pushed for more private investment in the defence sector to ramp up production capacity, urging pension funds and banks to stop labelling defence investments as unethical. As we have seen in Ukraine, war is a whole of society event," he said, adding such investment was in the private sector's strategic interest as well.

Persons: Yves Herman, Rob Bauer, Jens Stoltenberg, Bauer, Gwladys Fouche, Sabine Siebold, Jason Neely, Ros Russell Organizations: NATO, REUTERS, Rights, Thomson Locations: Brussels, Belgium, Rights OSLO, Oslo, Ukraine, Kyiv, Germany, Poland, Baltic, Berlin

From there, Milley will attend the monthly meeting of the Ukraine Defense Contact Group in Germany on Tuesday. That group, led by U.S. Defense Secretary Lloyd Austin, is the main international forum for drumming up military support for Ukraine. But American lawmakers are increasingly divided over providing additional assistance for Ukraine as the war is well into its second year. President Joe Biden has proposed a package of $13.1 billion more in military aid and $8.5 billion for humanitarian support. Milley said the group will include defense chiefs from Britain, Norway, Netherlands, Italy, Germany, France, Denmark, Canada, Belgium, Australia, New Zealand and Japan.

Persons: Mark Milley, Kim Jong Un, Vladimir Putin, ” Milley, Kim, Milley, Lloyd Austin, Rob Bauer, Joe Biden, Donald Trump, Volodymyr Zelenskyy Organizations: American, NATO, U.S . Army, Joint Chiefs of Staff, Ukraine Defense Contact Group, U.S . Defense, NATO Military Committee, U.S, Congress, Conservative Republicans, White House, Capitol, General, Global Locations: OSLO, Norway, North Korea, Ukraine, Russia, North, Russian, Moscow, Holmenkollen, Oslo, Germany, Netherlands, United States, Washington, U.S, China, Beijing, Taiwan, Britain, Italy, France, Denmark, Canada, Belgium, Australia, New Zealand, Japan

☆ Russian forces near Norway at '20% or less' than before Ukraine war, Norway's armed-forces chief says
▼ + stars: | 2023-09-16 | by ( ) www.reuters.com time to read: +2 min

General Eirik Kristoffersen, head of Norway's Armed Forces, poses for a picture at his office in Oslo, Norway, September 26, 2022. REUTERS/Gwladys Fouche/File Photo Acquire Licensing RightsOSLO, Sept 16 (Reuters) - Russian forces stationed in the Arctic near Norway are "20% or less" of the number they were before the February 2022 invasion of Ukraine, Norway's chief of defence said on Saturday. "On our border, on the Russian border, there is maybe 20% or less (Russian) forces left than it used to be before Feb. 24, 2022," he told a press conference. "If he believed that we were threatening Russia, he couldn't have moved on his troops to Ukraine to fight the war there." Finland and Russia share a 1,300 km (810 miles) border, with Russian troops along that zone, as with Norway, below the numbers they were before the war.

Persons: Eirik Kristoffersen, Gwladys, Vladimir Putin, couldn't, Rob Bauer, Finland, Bauer, Gwladys Fouche, Sabine Siebold, Nick Macfie Organizations: Norway's Armed Forces, REUTERS, Rights, NATO, Russian, Thomson Locations: Oslo, Norway, Rights OSLO, Russian, Ukraine, Russia, Northern, Finland, Berlin

☆ Norway wealth fund tells companies to plan for climate transition
▼ + stars: | 2023-09-15 | by ( ) www.reuters.com time to read: +1 min

A general view of the Norwegian central bank, where Norway's sovereign wealth fund is situated, in Oslo, Norway, March 6, 2018. The fund also published a policy concerning the use of voluntary carbon credits, which it said companies could use in certain cases. "We believe companies should prioritise reducing own emissions but can use additional and verified credits as a supplement to signal high climate ambitions," it said. Carbon credits should not be counted towards science-based interim emission reduction targets, and companies must be transparent about the details of credits they use, it added. "Ultimately, carbon removals will be needed by many companies seeking to achieve net zero emissions by 2050," the fund said.

Persons: Gwladys, Carine Smith Ihenacho, Terje Solsvik, Essi Organizations: REUTERS, Companies Norges Bank, Thomson Locations: Norwegian, Oslo, Norway, OSLO

☆ Norway will deliver gas to Europe for as long as needed, climate minister says
▼ + stars: | 2023-09-15 | by ( ) www.reuters.com time to read: 1 min

Espen Barth Eide, Norway's Minister of Climate and Environment, arrives at the informal meeting of EU environment ministers at the Scandinavian XPO in Marsta outside Stockholm, Sweden, April 18, 2023. TT News Agency/Henrik Montgomery via REUTERS/File Photo Acquire Licensing RightsOSLO, Sept 15 (Reuters) - Norway must continue to deliver natural gas to Europe for as long as needed while also working to decarbonise the continent's energy systems, the Norwegian climate and environment minister said on Friday. "We think it's strategically important that we uphold these deliveries while there is still use, but we also work for the elimination of use, for the transition from natural gas," Espen Barth Eide told a Reuters Newsmaker event. Reporting by Gwladys Fouche, editing by Terje Solsvik and Essi LehtoOur Standards: The Thomson Reuters Trust Principles.

Persons: Espen Barth Eide, Henrik Montgomery, Gwladys Fouche, Terje Solsvik Organizations: Norway's, TT News Agency, REUTERS, Rights, Reuters, Thomson Locations: Marsta, Stockholm, Sweden, Rights OSLO, Norway, Europe, Norwegian

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

☆ Haaland's 25th goal helps keep Norway in Euro 2024 hunt
▼ + stars: | 2023-09-13 | by ( ) www.reuters.com time to read: +1 min

Sept 13 (Reuters) - Erling Haaland notched his 25th goal in 26 international appearances to help Norway to a 2-1 win over Georgia on Tuesday that kept their Euro 2024 qualification hopes alive. However, with Norway needing all three points to remain in the hunt for one of the two qualifying spots from Group A, Budu Zivzivadze rattled the home side's nerves by pulling a goal back for Georgia in stoppage time. Norway manager Stale Solbakken said his side posed a bigger threat as the game wore on. Norway are third after five matches in the group, eight points behind leaders Scotland and two behind Spain, who have played one game fewer. Reporting by Pearl Josephine Nazare in Bengaluru; Editing by Peter RutherfordOur Standards: The Thomson Reuters Trust Principles.

Persons: Erling Haaland, Martin Odegaard, Budu Zivzivadze, Stale Solbakken, Spain, Pearl Josephine Nazare, Peter Rutherford Organizations: Georgia, Oslo's, Scotland, Thomson Locations: Norway, Georgia, Bengaluru

☆ Timeline for supply limits on Novo Nordisk weight-loss drug unclear, US FDA says
▼ + stars: | 2023-09-12 | by ( ) www.reuters.com time to read: +1 min

A 0.25 mg injection pen of Novo Nordisk's weight-loss drug Wegovy is shown in this photo illustration in Oslo, Norway, August31, 2023. REUTERS/Victoria Klesty/Illustration/File Photo Acquire Licensing RightsSept 12 (Reuters) - The U.S. Food and Drug Administration said on Tuesday it was not clear when supply of lower doses of Novo Nordisk's (NOVOb.CO) Wegovy would normalize, backtracking from its earlier estimates to resume supply of the popular weight-loss drug this month. The FDA, in its drug shortage list, listed the 0.25 mg, 0.5 mg and 1 mg doses of the drug with limited availability and that the duration of shortage was "to be decided", while the larger doses of 1.7 mg and 2.4 mg were still available. The drug was approved for chronic weight management in people with obesity in 2021. Reporting by Leroy Leo in Bengaluru; Editing by Shinjini GanguliOur Standards: The Thomson Reuters Trust Principles.

Persons: Victoria Klesty, Lars Fruergaard Jorgense, Leroy Leo, Shinjini Organizations: REUTERS, U.S . Food, Drug Administration, FDA, Novo Nordisk, Thomson Locations: Oslo, Norway, August31, Victoria, U.S, Danish, Bengaluru

[1/2] Indigenous Sami activists set up a lavvo, a Sami tent, outside the Norwegian parliament in protest against two wind farms built on Sami reindeer pastures, in Oslo, Norway September 11, 2023. REUTERS/Gwladys Fouche Acquire Licensing RightsOSLO, Sept 11 (Reuters) - An Indigenous Sami activist set up camp outside the Norwegian parliament on Monday to protest against wind turbines built on land traditionally used by Sami reindeer herders, saying he will stay there as long as the turbines remain in place. Norway's supreme court in October 2021 ruled that two wind farms built at Fosen in central Norway, part of Europe's largest onshore wind farm, violated Sami rights under international conventions. "I believe that there is only one solution and that is to tear down the wind turbines at Fosen." About Monday's protest, Aasland said "the right to free expression is a founding democratic right I have great respect for".

Persons: Gwladys, Mihkkal Haetta, Greta Thunberg, Terje Aasland, Aasland, Gwladys Fouche, Hugh Lawson Organizations: REUTERS, Rights, Reuters, and Energy, Thomson Locations: Oslo, Norway, Rights OSLO, Sami, Fosen, Norwegian

☆ 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

☆ Analysis: Wegovy launch in UK may underline Novo's need to get ahead of Lilly
▼ + stars: | 2023-09-10 | by ( Maggie Fick | ) www.reuters.com time to read: +5 min

A 0.25 mg injection pen of Novo Nordisk's weight-loss drug Wegovy is shown in this photo illustration in Oslo, Norway, August31, 2023. Studies have demonstrated more weight loss than with Wegovy. Novo's type 2 diabetes drug Ozempic has been on the market in Britain since 2019. A Lilly spokesperson declined to comment on Wegovy's launch or when exactly it would launch Mounjaro for diabetes treatment. Studies have shown that, used alongside exercise and lifestyle changes, Wegovy led to 15% weight loss over 68 weeks, while Mounjaro led to more than 22% over 72 weeks.

Persons: Victoria Klesty, Eli Lilly's, Wegovy, Lars Fruergaard Jorgensen, Novo, Lilly, Mounjaro, Ozempic, Eli Lilly, Maggie Fick, Alexander Smith, Catherine Evans Organizations: REUTERS, Wegovy, Economic Co, Development, Reuters, National Health Service, stoke, NHS, Britain's Department of Health, Social Care, Diabetes, UBS, Novo, Thomson Locations: Oslo, Norway, August31, Victoria, Britain, British, Danish, United States, Denmark, Germany, Europe, England

☆ Weekend episode: The legacy of the Oslo Accords, Israel’s Supreme Court weighs its own fate and Northern Ireland’s controversial amnesty
▼ + stars: | 2023-09-09 | by ( ) www.reuters.com time to read: +1 min

Thirty years since the first of the Oslo Accords were signed, peace in the Middle East is as elusive as ever. What is the future of the two-state solution – at the heart of that 1993 agreement between Israel and the Palestinians? A historic week beckons for Israel’s Supreme Court as it hears an appeal against the first part of a judicial overhaul. Visit the Thomson Reuters Privacy Statement for information on our privacy and data protection practices. Israel's judicial overhaul dismays environmentalistsOur Standards: The Thomson Reuters Trust Principles.

Organizations: Apple, Google, Reuters, Israel’s, Thomson, Reading, Northern Locations: Oslo, Israel, Northern Ireland

☆ After a doctor told him to get more exercise, this man unearthed a treasure trove that's been called the 'find of the century'
▼ + stars: | 2023-09-09 | by ( Polly Thompson | Associated Press | ) www.businessinsider.com time to read: +3 min

Erlend Bore needed to get more exercise, so he bought a metal detector and started walking more. He found what he thought were chocolate coins, but they were gold jewelry from about 500 AD. Bore's discovery has been dubbed the "find of the century," but he can't keep the treasure. Earlier this year, 51-year-old Erlend Bore bought a metal detector after he was advised by his doctor to get off the sofa and find a new hobby. But one day his detector immediately started beeping and just five inches below the soil he unearthed nine gold pendants, three gold rings and 10 gold pearls.

Persons: beeping, Celine Berger, Ole Madsen, Håkon Reiersen Organizations: Service, University of Stavanger Locations: Wall, Silicon, Rennesoey, Stavanger, Norway, Europe, Oslo

☆ Norges Bank: Norway's $1.4 trillion investment fund is shutting its China office
▼ + stars: | 2023-09-08 | by ( Laura He | ) edition.cnn.com time to read: +4 min

The firm, which manages Norway’s $1.4 trillion government pension fund, is the world’s biggest single investor in the stock market. The decision to close its Shanghai office was driven by “operational considerations” and doesn’t affect the fund’s investments or its investment strategy in China, NBIM said in a statement on Thursday. There are currently eight people in the Shanghai office, the firm said. Norges Bank is the central bank of Norway. Ontario Teachers’ Pension Plan, one of the world’s largest pension funds, closed its Hong Kong-based China equity investment team earlier this year.

Persons: NBIM, Odin Jaeger Organizations: Hong Kong CNN — Norges Bank Investment Management, Norges Bank, Bloomberg, Getty, Ontario, CNN, Forrester Research, Consulting Locations: China, Hong Kong, Shanghai, Asia, Singapore, Oslo, Norway, Norwegian

☆ Offshore wind drops out of UK auction on costs, risking climate goals
▼ + stars: | 2023-09-08 | by ( Nora Buli | ) www.reuters.com time to read: +4 min

General view of the Walney Extension offshore wind farm operated by Orsted off the coast of Blackpool, Britain, September 5, 2018. The result was bad news for Britain's 2050 net zero emissions target, which calls for 50 gigawatts (GW) of offshore wind capacity by 2030 versus around 14 GW now. In a 2022 auction, offshore wind projects were the main recipient of funding, with 7 gigawatts (GW) awarded, but developers did not even bid in the latest auction, the results of which were published on Friday. The lack of new offshore wind capacity would cost consumers 1 billion pounds a year, it added. Bid prices for renewable energy CfDs are expressed in 2012 money, with inflation meaning actual prices are higher.

Persons: Orsted, Phil Noble, Graham Stuart, Ed Miliband, Sweden's Vattenfall, Nora Buli, Miral Fahmy, Jason Neely Organizations: REUTERS, UK's Department for Energy Security, Turbine, Energy, Britain, Labour Party, Conservatives, Thomson Locations: Walney, Blackpool, Britain, OSLO, Oslo

☆ A 51-year-old man stumbled across the 'gold find of the century' with a metal detector after his doctor told him to get outside more often
▼ + stars: | 2023-09-07 | by ( Associated Press | ) www.businessinsider.com time to read: +3 min

Bore bought a metal detector earlier this year as a hobby and stumbled across an archeological marvel. He discovered gold pearls, rings, and pendants. It turned out to be nine pendants, three rings and 10 gold pearls in what was described as the country's gold find of the century. AdvertisementAdvertisementIn August, Bore began walking around the mountainous island with his metal detector. On the Rennesoey ones, the horse's tongue hangs out on the gold pendants, and "its slumped posture and twisted legs show that it is injured," Oehrl said.

Persons: It's, Ole Madsen, " Madsen, Håkon, Sigmund Oehrl, Odin, Oehrl Organizations: Service, —, Archaeological, University of Stavanger Locations: Wall, Silicon, COPENHAGEN, Denmark, Norwegian, Rennesoey, Stavanger, Norway, Europe, Sweden, Oslo

COPENHAGEN, Denmark (AP) — At first, the Norwegian man thought his metal detector reacted to chocolate money buried in the soil. It turned out to be nine pendants, three rings and 10 gold pearls in what was described as the country's gold find of the century. The rare find was made this summer by 51-year-old Erlend Bore on the southern island of Rennesoey, near the city of Stavanger. In August, Bore began walking around the mountainous island with his metal detector. The plan is to exhibit the find at the Archaeological Museum in Stavanger, about 300 kilometers (200 miles) southwest of Oslo.

Persons: Ole Madsen, ” Madsen, Håkon, Sigmund Oehrl, Odin, ” Oehrl, ” Organizations: —, Archaeological, University of Stavanger Locations: COPENHAGEN, Denmark, Norwegian, Rennesoey, Stavanger, Norway, Europe, “, Sweden, Oslo

However, as government policies started to line up in the industry's favor in recent years, offshore wind developers unveiled a host of new project proposals, mostly off the U.S. East Coast. Many contracts for offshore wind projects have no mechanism for adjustment in the case of higher interest rates or costs. In New York, offshore wind developers also sought to boost the price of power produced at their projects. Norway's Equinor EQNR.OL and its partner BP (BP.L) are seeking a 54% increase for the power produced at three planned offshore wind farms - Empire Wind 1 and 2 and Beacon Wind. But the offshore wind industry is not fully satisfied.

Persons: Joe Biden, Kevin Lamarque, Eli Rubin, Rubin, Equinor, France's, Scott DiSavino, Nerijus, Nichola Groom, Simon Webb, Marguerita Choy Organizations: Federal, State, White, REUTERS, U.S ., Dominion, EBW Analytics, Reuters, U.S . Federal Reserve, Commonwealth, BP, Nichola, Thomson Locations: Washington , U.S, U.S, Europe, U.S . East Coast, Rhode, Virginia, Massachusetts, New York, Oslo, Culver City

☆ Norwegian AI startup Strise helps banks tackle financial crime. It just raised a $10.8 million Series A round with this 8-slide pitch deck.
▼ + stars: | 2023-09-06 | by ( Callum Burroughs | ) www.businessinsider.com time to read: +2 min

Norwegian AI startup Strise has raised $10.8 million in Series A funding. Strise will use the funding to expand its operations to the UK, where it plans to open an office. Strise, an AI startup that helps businesses deal with anti-money laundering (AML) and compliance issues, has raised $10.8 million in funding. Strise's Series A funding round was led by Atomico, with participation from existing investors including Maki.vc plus angels like Camilla Giesecke, COO at Klarna, and Riya Grover, CEO at Sequence. Check out Strise's Series A pitch deck below:

Persons: Orrick, It's, Marit Rødevand, Rødevand, Atomico, Camilla Giesecke, Riya Grover Locations: Oslo, Norwegian

☆ Gary Wright, Who Had a ’70s Hit With ‘Dream Weaver,’ Dies at 80
▼ + stars: | 2023-09-06 | by ( Alex Williams | More About Alex Williams | ) www.nytimes.com time to read: +2 min

Gary Malcolm Wright was born on April 26, 1943, in Cresskill, in northeast New Jersey, the middle of three children of Lou Wright, a structural engineer, and Anne (Belvedere) Wright. His mother helped instill in him an interest in music and acting, driving him to piano lessons and eventually to auditions. “I originally came into the play as an understudy to the main role, and then I picked up the main child role,” Mr. Wright said in a 2014 interview with Smashing Interviews magazine. While attending Tenafly High School, he played in various rock groups, including a duo called Gary and Billy with his school friend Bill Markle. Their single “Working After School” was played on the TV show “American Bandstand.”After high school, Mr. Wright attended William & Mary in Virginia for a year before transferring to New York University, where he switched his focus to medicine.

Persons: Gary Malcolm Wright, Lou Wright, Wright, Fanny, ”, Florence Henderson, “, ” Mr, Gary, Billy, Bill Markle, William, William & Mary, Chris Blackwell, . Blackwell Organizations: Rangers, Little League baseball, Tenafly High School, William &, New York University, Island Records Locations: Cresskill, New Jersey, Anne, Belvedere, Virginia, Berlin, Europe, Oslo, England

☆ The obesity drug boom is just getting started: podcast
▼ + stars: | 2023-09-05 | by ( Aimee Donnellan | ) www.reuters.com time to read: +1 min

A 0.25 mg injection pen of Novo Nordisk’s weight-loss drug Wegovy is shown in this photo illustration in Oslo, Norway, September 1, 2023. REUTERS/Victoria Klesty/Illustration Acquire Licensing RightsLONDON, Sept 5 (Reuters Breakingviews) - Over 1 bln people are obese, the WHO reckons. Denmark’s Novo Nordisk is ahead of the pharma pack with its Wegovy weight-loss drug. Listen to the podcastFollow @aimeedonnellan on XSubscribe to Breakingviews’ podcasts, Viewsroom and The Exchange. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Victoria Klesty, Lars Jorgensen, Oliver Taslic Organizations: REUTERS, Reuters, WHO, Denmark’s, Denmark’s Novo Nordisk, pharma, Thomson Locations: Oslo, Norway, Victoria, Denmark’s Novo

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