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☆ Norway police could have prevented last year's gay bar shooting, report says
▼ + stars: | 2023-06-08 | by ( ) www.reuters.com time to read: +2 min

[1/2] People embrace near the police line following a shooting at the London Pub, a popular gay bar and nightclub, in central Oslo, Norway June 25, 2022. PST also failed to share the intelligence it had about the shooter with police officers in charge of the surveillance of radicalised individuals. "This is a devastating report," Oslo's governing mayor, Raymond Johansen, told public broadcaster NRK. PST apologised to the victims, their relatives and the nation immediately after the report. The LGBTQ+ community is preparing for the one-year anniversary of the attack on June 25 and the annual Pride celebration on June 23-July 1.

Persons: Terje Pedersen, Raymond Johansen, Beate Gangaas, Marius Dietrichson, Gwladys Fouche, Hugh Lawson Organizations: NRK, Matapour, Thomson Locations: Oslo, Norway, OSLO

☆ US imposes sanctions on companies tied to Sudan forces as fighting rages
▼ + stars: | 2023-06-01 | by ( ) www.reuters.com time to read: +6 min

[1/2] Smoke rises above buildings after an aerial bombardment, during clashes between the paramilitary Rapid Support Forces and the army in Khartoum North, Sudan, May 1, 2023. Sudan's army and the RSF did not immediately respond to requests for comment. Saudi Arabia and the U.S. said late on Thursday they were suspending the talks, a day after Sudan's army announced it was halting its participation. They target Sudan's largest defence enterprise, Defence Industries System, which the Treasury said generates an estimated $2 billion in revenue and manufactures arms and other equipment for Sudan's army. The companies, all key to the business and procurement activities of both forces, could not immediately be reached for comment.

Persons: Mohamed Nureldin Abdallah, Nadir Ahmed, Joe Biden, Mohamed Hamdan Dagalo, Antony Blinken, Omar al, Bashir, El, Cindy McCain, Cameron Hudson, Hudson, Khalid Abdelaziz, Tala, Nafisa Eltahir, Simon Lewis, Rami Ayyub, Daphne Psaledakis, Gladwys, Aidan Lewis, Christina Fincher, Andrew Heavens Organizations: Rapid Support Forces, REUTERS, Darfur Saudi, U.S . Treasury Department, Residents, U.S, Defence Industries System, Treasury, Technology, United Nations, Food, Army, Centre, Strategic, International Studies, United Arab Emirates, Thomson Locations: Khartoum North, Sudan, Khartoum, Darfur, Jeddah, KHARTOUM, WASHINGTON, United States, U.S, Nile, Omdurman, Bahri, Thawra, Saudi Arabia, Washington, El, Zalingei, Port Sudan, El Obeid, Russia, Dubai, Nafisa, Cairo, Oslo

"All allies agree that Moscow does not have a veto against NATO enlargement," Stoltenberg told reporters as NATO foreign ministers gathered in Oslo, seeking to dispel any signs of discord ahead of the summit. At the Vilnius summit, NATO leaders aim to send a strong message of support to Kyiv. But with only six weeks to go, pressure is building for allies to find common ground on what exactly to offer Ukraine. Lithuania's Foreign Minister Gabrielius Landsbergis said Kyiv had suffered two invasions while waiting for an answer from NATO for 14 years. "Ukraine needs to get a clear path, and the next steps, on how to enter NATO," Estonian Foreign Minister Margus Tsahkna said.

Persons: Jens Stoltenberg, Stoltenberg, Volodymyr Zelenskiy, Gabrielius Landsbergis, Margus Tsahkna, Annalena Baerbock, Luxembourg's Jean Asselborn, Sabine Siebold, Gwladys Fouche, Terje Solsvik, Benoit Van Overstraeten, Bart Meijer, Charlotte Van Campenhout, Alezander, Boldizsar, Bart H, Meijer, Ros Russell Organizations: NATO, Kyiv, Ukraine, Lithuania's, Estonian, Thomson Locations: OSLO, Moscow, Ukraine, Vilnius, Oslo, Moldova, Kyiv, Europe, United States, Germany, Russia, Estonian, Luxembourg, Hungary, NATO, Brussels, Alezander Tanas, Chisinau, Olena, Budapest

OSLO, June 1 (Reuters) - The U.S. will open its northernmost diplomatic station in the Norwegian Arctic town of Tromsoe, Secretary of State Antony Blinken said on Thursday, at a time when cooperation among the Arctic nations has been hit by Russia's invasion of Ukraine. "For us, the presence post in Tromsoe is really an ability to have a diplomatic footprint above the Arctic Circle," he said. It comprises the eight Arctic states of Russia, the United States, Canada, Finland, Norway, Iceland, Sweden and Denmark. Cooperation between the Western Arctic states and Moscow on the Arctic body is frozen since the invasion of Ukraine. "Our entire approach is to make sure that the Arctic remains an area of peaceful cooperation," he said.

Persons: Antony Blinken, Blinken, Gwladys Fouche, Terje Solsvik, Sriraj Kalluvila, Mark Potter Organizations: Arctic Council, Cooperation, Thomson Locations: OSLO, U.S, Norwegian, Tromsoe, Ukraine, United States, American, Oslo, Norway, Russia, Canada, Finland, Iceland, Sweden, Denmark, Moscow

OSLO, June 1 (Reuters) - NATO Secretary-General Jens Stoltenberg said on Thursday he would soon travel to Turkey to discuss Sweden's NATO membership, in a bid to close a process that has been delayed due to objections from member countries Turkey and Hungary. Speaking during a two-day meeting of NATO foreign ministers in Oslo, Stoltenberg said he had spoken to Tayyip Erdogan earlier this week, who at the weekend won re-election as Turkey's president. "I will also travel to Ankara in the near future to continue to address how we can ensure the fastest possible accession of Sweden," Stoltenberg told reporters. "It is time for Turkey and Hungary to start the ratification of Swedish membership to NATO." Several NATO foreign ministers expressed confidence Sweden could become a member before, or at, a NATO summit in Vilnius, Lithuania, in July.

Persons: Jens Stoltenberg, Stoltenberg, Tayyip Erdogan, Sweden, Tobias Billstrom, Gabrielius Landsbergis, Gwladys Fouche, Sabine Siebold, Terje Solsvik Organizations: NATO, Lithuanian, Thomson Locations: OSLO, Turkey, Hungary, Oslo, Ankara, Sweden, Swedish, Vilnius, Lithuania

☆ Sweden should be admitted to NATO in July, Norway PM says
▼ + stars: | 2023-05-22 | by ( ) www.reuters.com time to read: 1 min

OSLO, May 22 (Reuters) - NATO's Vilnius summit in July should give approval for Sweden to become a member of the organisation, Norwegian Prime Minister Jonas Gahr Stoere told foreign correspondents in Oslo on Monday. Reporting by Gwladys Fouche and Nora Buli, editing by Terje SolsvikOur Standards: The Thomson Reuters Trust Principles.

☆ Ex-Wagner commander who sought asylum in Norway wants to return to Russia
▼ + stars: | 2023-05-17 | by ( Nerijus Adomaitis | ) www.reuters.com time to read: +2 min

[1/2] Former Wagner commander Andrei Medvedev is pictured in court with his lawyer Brynjulf Risnes (not pictured), in Oslo, Norway April 25, 2023. REUTERS/Gwladys FoucheOSLO, May 17 (Reuters) - A former commander of Russia's Wagner group who sought asylum in Norway after crossing the Russian-Norwegian border in January said on Wednesday he wanted to return to Russia even though he believed this could pose a risk to his life. I've contacted the Russian embassy in Oslo for help, to facilitate my return," Medvedev said in one of five short videos, adding that he made this decision on his own. He escaped Russia via its Arctic border with Norway in January. He told Reuters at the time he was looking to the future, studying Norwegian and hoping to get asylum.

The discord between Russia and the other Arctic Council members means that an effective response to these changes is far less likely. Recently, it has taken steps to expand cooperation in the Arctic with non-Arctic states. On April 24, Russia and China signed a memorandum establishing cooperation between the countries' coast guards in the Arctic. "We need to safeguard the Arctic Council as the most important international forum for Arctic cooperation and make sure it survives," Norwegian Deputy Foreign Minister Eivind Vad Petersson told Reuters. "I don't see an Arctic Council without Russia in the future," said Larsen, a Greenland lawmaker at the Danish Parliament and the Chair of Arctic Parliamentarians, a body including MPs from across the Arctic countries.

Norway has become Europe's largest supplier of gas, following a drop in Russian gas flows, which it supplies via a network of pipelines stretching some 9,000 kms (5,590 miles). "The state wants complete state ownership of the central parts of the Norwegian gas transport system," it said, without giving reasons. The gas pipeline network is owned by Gassled, a partnership set up in 2003 by the oil companies that were producing gas offshore Norway at the time. Gassled owns the Kaarstoe and Kollsnes processing plants as well as the majority of the pipelines delivering Norwegian gas to the European Union and Britain. Over time, the oil companies have reduced, or sold entirely their stakes, often selling to investment companies.

NTB/via REUTERSOSLO, April 25 (Reuters) - A former commander in Russia's Wagner mercenary group seeking asylum in Norway pleaded guilty on Tuesday to being involved in a fight outside an Oslo bar and carrying an air gun in public and said he felt "very ashamed." Medvedev pleaded guilty to fighting outside the Oslo bar on Feb. 22 and preventing a police officer from doing his or her duty. He also pleaded guilty to carrying an air gun in public on a separate occasion on March 14. He also said he had bought an air gun from a shop in Oslo for self-defence, because he feared somebody might attack him. Medvedev told Reuters in February he had fought in Ukraine, including in the region around Bakhmut, at the centre of months of fierce battles between Russian and Ukrainian forces that have all but destroyed the city.

[1/4] Sudanese cartoonist Khalid Albaih works at his home as a TV news broadcast shows images from Sudan, in Oslo, Norway April 20, 2023. "Art is needed in times like this because it is important to show people art is about hope, art is about showing there is a different way to talk about things," Albaih told Reuters. "Art is continuous resistance. Art is our way to continue fighting." Reporting by Gwladys Fouche in Oslo Editing by Peter GraffOur Standards: The Thomson Reuters Trust Principles.

OSLO, April 13 (Reuters) - Norway is expelling 15 Russian embassy officials that the foreign ministry said on Thursday were intelligence officers operating under the cover of diplomatic positions, a move which Moscow said it would respond to. The expulsions amount to a quarter of Russian diplomats currently accredited in Oslo, the Norwegian government said. It is the latest instance of a Western nation expelling Russian diplomats since the beginning of Moscow's full-scale invasion of Ukraine last year. So far this year, Estonia, the Netherlands and Austria have also expelled Russian diplomats. The Nordic country still seeks to maintain normal diplomatic relations with Russia, and Russian diplomats are welcome in Norway, Huitfeldt said.

OSLO, April 12 (Reuters) - A court in Oslo on Wednesday began hearing a gender discrimination case brought by an employee at Norway's $1.4 trillion sovereign wealth fund against her employer. Elisabeth Bull Daae, head of trading analytics at Norges Bank Investment Management, is suing the unit of the central bank managing the fund for 16 million crowns ($1.54 million) in compensation and damages. The central bank, which pushes the firms it invests in to have more women on their boards and to combat all forms of discrimination, denies the allegations. Or are we in front of a clear, systematic case of pay discrimination based on gender?" The lawyer representing the fund said the relationship between employee and employer had broken down despite its efforts to improve it.

☆ Sweden's Alecta axes CEO after US bank losses
▼ + stars: | 2023-04-11 | by ( ) www.reuters.com time to read: +2 min

OSLO/STOCKHOLM, April 11 (Reuters) - Swedish pension fund Alecta on Tuesday fired its CEO Magnus Billing with immediate effect following the recent announcement of large losses from investments in several U.S. banks. Alecta, Sweden's largest pension fund provider, last month said it had lost 19.6 billion Swedish crowns ($1.87 billion) from its shareholdings in First Republic Bank (FRC.N), Silicon Valley Bank and Signature Bank. "The losses have severely damaged the trust in Alecta's asset management," the company said in a statement. "The board has concluded that Alecta needs new leadership in order to implement the necessary changes within the asset management and re-establish trust." The pension provider last week announced the replacement of its head of stock market asset management.

☆ Norway wealth fund to consider investing in unlisted equities
▼ + stars: | 2023-03-31 | by ( Victoria Klesty | ) www.reuters.com time to read: +2 min

OSLO, March 31 (Reuters) - Norway's $1.3 trillion wealth fund, one of the world's largest investors, should assess whether to begin investing in unlisted equities, the finance ministry said on Friday, which would be a brand new asset class for the fund. Managed by a unit of the central bank, it is invested in more than 9,200 companies globally and owns on average 1.5% of all the world's listed stocks. It could be presented to parliament next year, Finance Minister Trygve Slagsvold Vedum told Reuters. Asked whether this could increase the fund's exposure to risk, Vedum said that would be one of the questions to be examined. But when we open for this now, it's just because we want to have a thorough evaluation of that," Vedum told Reuters.

The Arctic Council was created in 1996 to discuss issues affecting the polar region, ranging from pollution to local economic development to search-and-rescue missions. The Arctic Council comprises the eight Arctic states of Russia, the United States, Canada, Finland, Norway, Iceland, Sweden and Denmark. Russia's possible degree of involvement with the Council once Norway takes over is still unclear. Russian Foreign Minister Sergei Lavrov had earlier extended an invitation to Arctic officials to attend a transition ceremony in Salekhard, Siberia. Russian Arctic Ambassador Nikolay Korchunov, chair of the Senior Arctic Officials on the council, told Reuters the transition would "presuppose active and responsible participation of all Arctic Council member states in this preparatory process."

☆ Norway wealth fund to vote in favour of UniCredit remuneration plan
▼ + stars: | 2023-03-26 | by ( ) www.reuters.com time to read: +1 min

OSLO, March 26 (Reuters) - Norway's $1.3 trillion sovereign wealth fund, one of the world's largest investors, will vote in favour of the UniCredit (CRDI.MI) remuneration package, it said on Sunday. The Italian bank is due to hold its annual meeting of shareholders on March 31. Orcel's current pay package of up to 7.5 million euros ($8.06 million) a year makes the former head of investment banking at Swiss lender UBS (UBSG.S) one of Europe's best paid bank executives. The Norwegian fund owns 2.65% of UniCredit's shares, worth some $728 million, at the end of 2022, according to fund data. ($1 = 0.9301 euros)Reporting by Nora Buli, writing by Gwladys Fouche, editing by Terje SolsvikOur Standards: The Thomson Reuters Trust Principles.

☆ Norway wealth fund to vote for labour rights motion at Starbucks AGM
▼ + stars: | 2023-03-23 | by ( ) www.reuters.com time to read: +1 min

[1/2] A Starbucks coffee shop is seen in downtown Los Angeles, California, U.S., June 29, 2022. REUTERS/Lucy NicholsonOSLO, March 23 (Reuters) - Norway's $1.3 trillion wealth fund, one of the world's largest investors, will vote in favour of a shareholder motion calling on Starbucks (SBUX.O) to report on how it respects labour rights, the fund's manager said on Thursday. The Norwegian fund owns 1.05% of Starbucks' shares, worth $1.2 billion at the end of 2022, according to fund data. Norges Bank Investment Management (NBIM), which operates the Norwegian wealth fund, said it would vote in favour of commissioning a third-party assessment of Starbucks' commitment to freedom of association and collective bargaining rights. "Freedom of association and the right to collective wage bargaining are fundamental employee rights - and human rights," they said.

Summary Ruling has implications for oil, mineralsNon-EU Norway has sovereignty over Svalbard Arctic islandsState can sue Norway -expertOSLO, March 20 (Reuters) - Norway's Supreme Court ruled on Monday that EU ships cannot fish for snow crab off the Svalbard archipelago in the Arctic in a case also deciding who has the right to explore for oil and minerals in the region. At stake was whether EU vessels had the right to catch snow crab, whose meat is considered a delicacy by gourmets in Japan and South Korea, in the same way as Norwegian vessels did. But what is valid for the snow crab, a sedentary species living on the seabed, is also valid for oil, minerals and other resources, the Supreme Court ruled in a 2019 case. "The company does not have the right to catch snow crab on the continental shelf outside Svalbard," the Supreme Court said in its verdict, which was unanimous. "It is a domestic court decision, (so) an international court can also hear this question at a later stage."

☆ In show of unity, NATO and EU heads visit North Sea gas platform
▼ + stars: | 2023-03-17 | by ( Nora Buli | ) www.reuters.com time to read: +3 min

[1/3] Norway Prime Minister Jonas Gahr Stoere, European Commission President Ursula von der Leyen, NATO Secretary-General Jens Stoltenberg and Equinor CEO Anders Opedal visit the Troll A gas platform in the North Sea, Norway March 17, 2023. Ole Berg-Rusten /NTB/via REUTERSTROLL A PLATFORM, North Sea, March 17 (Reuters) - The heads of NATO and the European Commission flew on Friday to a North Sea platform to discuss the security of supplies and infrastructure, a visit underlining Norway's importance for gas shipments since Russia's invasion of Ukraine. The Troll A platform extracts gas from Norway's biggest gas field. After a drop in Russian flows, the Nordic country last year became the largest gas supplier to the EU. The field accounts for one third of daily Norwegian gas exports to Europe.

☆ Volvo Buses to restructure in Europe, hitting 1,600 jobs
▼ + stars: | 2023-03-16 | by ( ) www.reuters.com time to read: +1 min

OSLO, March 16 (Reuters) - Volvo Group (VOLVb.ST) will restructure its European bus-making operation in a bid to restore it to profitability, divesting from a Polish plant and axing 1,600 jobs, the Swedish company said on Thursday. Volvo Buses will change its business model in Europe to focus on chassis production while cooperating with external companies for the bodybuilding, in line with a strategy pursued in other markets, it said. "The decision to end the production of complete buses and coaches will impact approximately 1,600 positions at Volvo Buses, whereof around 1,500 are based in Wroclaw," the group said in a statement. Volvo will still have more than 2,100 employees in Poland working at Volvo Trucks, Volvo Construction Equipment and group support functions, the company added. ($1 = 10.5567 Swedish crowns)Reporting by Terje Solsvik, editing by Gwladys FoucheOur Standards: The Thomson Reuters Trust Principles.

☆ Lithuania aims to raise $539 mln from temporary windfall tax on banks
▼ + stars: | 2023-03-09 | by ( ) www.reuters.com time to read: +1 min

VILNIUS, March 9 (Reuters) - Lithuania's finance minister proposed on Thursday a temporary windfall tax on bank profits, aiming to raise an estimated 510 million euros ($538.7 million) over a two-year period. "In large part, the policy of banks has no influence on the profits, they are due to exceptional circumstances, and are probably surprising to banks themselves," Skaiste said. The government and the central bank had previously said Lithuania was contemplating a windfall tax on the banking industry, but had not said how much this could raise. The government's proposal would impose a two-year tax of 60% on the part of a bank's interest income that is more than 50% higher than a four-year average, Skaiste said. Two Swedish-owned groups hold more than half of Lithuania's banking assets, Swedbank (SWEDa.ST), whose 2022 profits increased by 64% to 148 million euros, and SEB (SEBa.ST), whose profits were up 49% to 172 million euros.

☆ Equinor aims to restart Norway methanol plant in about four weeks
▼ + stars: | 2023-03-07 | by ( ) www.reuters.com time to read: +1 min

Companies Equinor ASA FollowConocophillips FollowOSLO, March 7 (Reuters) - Equinor (EQNR.OL) aims to restart Europe's largest methanol plant at Tjeldbergodden in about four weeks, a spokesperson for the Norwegian company said on Tuesday. Equinor shut the plant on Norway's west coast in February to install a mercury removal unit. "We are planning for a safe (production) start-up... We expect this to take around four weeks from now," said a spokesperson. Tjeldbergodden has an annual methanol production capacity of around 900,000 tonnes, accounting for about a quarter of Europe's total, according to Equinor. Equinor has 82.01% stake in the plant and ConocoPhillips (COP.N) owns the remaining 17.99%.

[1/5] Campaigners who have been protesting in Oslo for over a week against the wind turbines at Fosen, end the campaign with a demonstration in front of the Royal Castle in Oslo, Norway, March 3, 2023. Demonstrators had urged government action after Norway's supreme court ruled in 2021 that 151 turbines erected at Fosen in central Norway violated Sami rights under international conventions, but remained in operation 17 months later. Saying that a transition to green energy should not come at the expense of Indigenous rights, protesters blocked access to several ministries, putting the centre-left minority government in crisis mode. "We have made the government take responsibility for the ongoing violations of human rights and apologise," Sami artist and campaigner Ella Marie Haetta Isaksen told Reuters. "This case is bigger than just Fosen," Christian Rynning-Toennesen, the head of utility Statkraft and the operator of one of the affected wind farms, told reporters on Thursday.

[1/3] Greta Thunberg is carried away as activits demonstrate outside the Ministry of Finance entrance and several other ministries in protest that the wind turbines at Fosen, which the Supreme Court has said are illegal, have not been demolished. Alf Simensen/NTB/via REUTERSOSLO, March 1 (Reuters) - Norwegian police on Wednesday briefly detained environmental campaigner Greta Thunberg during a demonstration in Oslo, removing her and other activists from the finance ministry. The campaigners are demanding the removal of wind turbines from reindeer pastures on Sami Indigenous land in central Norway. Thunberg, holding a red, blue, yellow and green Sami flag, was lifted and carried away by police officers while hundreds of demonstrators chanted slogans. Activists on Tuesday said they had raised close to $100,000 in recent days to help individual demonstrators pay police fines.

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