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☆ 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

☆ Factbox: US offshore wind projects facing inflation headwinds
▼ + stars: | 2023-09-11 | by ( ) www.reuters.com time to read: +10 min

One megawatt (MW) can power about 1,000 U.S. homes but since wind is an intermittent resource - 1 MW of offshore wind can power about 500 U.S. homes, according to offshore wind developers. SOUTH FORKDenmark's Orsted (ORSTED.CO), the world's largest offshore wind power developer, is building the 132-MW project off Rhode Island and Massachusetts. COMMONWEALTH WINDThe 1,232-MW project off Massachusetts, which was formerly a part of the larger New England Wind project, is also facing potential delays. ATLANTIC SHORES OFFSHORE WIND SOUTHThe joint venture between Shell and French EDF is developing a large offshore wind park off New Jersey. MARWINMaryland's first offshore wind project is expected to start operations in 2025-2026.

Persons: Joe Biden, Kevin Lamarque, Joe Biden's, GW, Lazard, Vineyard, Orsted, Eversource, NYSERDA, Norway's Equinor, Avangrid, MARWIN, Nerijus Adomaitis, Nichola Groom, Scott DiSavino, Marguerita Choy Organizations: Federal, State, White, REUTERS, U.S, U.S . Department of Energy, Reuters, Washington , D.C, U.S . Energy Information Administration, Avangrid, Copenhagen Infrastructure Partners, Public Service Enterprise, Orsted, Eversource Energy, Rhode Island Energy, Dominion Energy, Virginia Beach, Dominion, NYSERDA, COMMONWEALTH, Shell, EDF, US, Italy's Renexia SpA, US Wind, Thomson Locations: Washington , U.S, U.S, New England, New York, Pennsylvania, Washington ,, Spanish, Copenhagen, Rhode Island and Massachusetts, New Jersey, Rhode, Connecticut, Orsted, VIRGINIA, Virginia, York, Long, Montauk, Massachusetts, French, ATLANTIC, Atlantic Shores, Italy's Renexia, Maryland

☆ Online grocery firm Instacart seeks up to $7.7 billion valuation in IPO
▼ + stars: | 2023-09-11 | by ( Ryan Browne | ) www.cnbc.com time to read: +2 min

In the filing, Instacart said it is setting an offer price of between $26 and $28 for its IPO. Instacart said it would issue 22 million shares in total, comprising 14.1 million of newly issued shares from the company and 7.9 million shares from selling stockholders. Instacart said its total common stock outstanding will be 276 million shares or 279.3 million if underwriters exercise an option to purchase additional shares. At 276 million shares total, Instacart will likely secure a valuation of about $7.7 billion. Alongside TCV, Sequoia Capital, D1 Capital Partners, and Valiant Capital Management, the fund would purchase up to roughly $400 million in the offering.

Persons: Instacart, Goldman Sachs Organizations: underwriters, PepsiCo, Norges Bank Investment Management, Sequoia Capital, D1 Capital Partners, Valiant Capital Management Locations: Sequoia

☆ Dozens of rich Norwegians worth billions have relocated to Switzerland to escape higher taxes
▼ + stars: | 2023-09-10 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +2 min

Wealthy Norwegians are fleeing the country following a wealth tax increase last year. Røkke, who has a Forbes-estimated net worth of $4.9 billion, had reportedly been the country's biggest taxpayer. Switzerland has long been considered an attractive tax haven for affluent people looking to take advantage of its lower taxes. According to PwC, wealth taxes in Switzerland vary by canton – its 26 regions. It says that the result of this is an "overall personal net wealth tax rate between 0.02% and 1.03%."

Persons: Dagens, Kjell Inge Rokke Organizations: Service, Nordic, Aker ASA, Forbes, U.S . News Locations: Switzerland, Wall, Silicon, Norway

☆ 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

☆ Norway's Ingebrigtsen breaks 2,000m record in Brussels
▼ + stars: | 2023-09-08 | by ( Philip Blenkinsop | ) www.reuters.com time to read: +2 min

BRUSSELS, Sept 8 (Reuters) - Norway's Jakob Ingebrigtsen broke a 24-year-old world record in the rarely run 2,000 metres in the Diamond League meeting in Brussels on Friday. "I think I'm at a point in my career where I can challenge all the records as well. Kitaguchi threw a 2023 world-leading distance of 67.38 metres in the final round to secure victory against a strong women's javelin line-up. In the 400 metre hurdles, Dutch world champion Femke Bol destroyed the opposition to set a meeting record of 52.11 seconds. Reporting by Philip Blenkinsop, additional reporting by Tommy Lund in Gdansk; Editing by Toby DavisOur Standards: The Thomson Reuters Trust Principles.

Persons: Jakob Ingebrigtsen, Morocco's Hicham El, Ingebrigtsen, Shericka Jackson, Haruka Kitaguchi, Jackson, Kitaguchi, Femke Bol, Elaine Thompson, Laura Muir, Ciara Mageean, Philip Blenkinsop, Tommy Lund, Toby Davis Organizations: Diamond League, Irish, Thomson Locations: BRUSSELS, Brussels, Belgian, Morocco's Hicham El Guerrouj, Paris, Eugene, Budapest, Gdansk

☆ 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

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

☆ Climate commitments are 'not political,' says Nicolai Tangen
▼ + stars: | 2023-09-06 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailClimate commitments are 'not political,' says Nicolai TangenNicolai Tangen, CEO of the Norway's sovereign wealth fund, discusses ESG policies and looks at what risks may lie ahead for the fund.

Persons: Nicolai Tangen Nicolai Tangen

☆ Russia is demanding Norway pay over $4.4 million in compensation after 42 Norwegian reindeer wandered across the border
▼ + stars: | 2023-08-31 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

42 reindeer from Norway have crossed into Russia this year in search of better pastures. But Russia wants over $4.4 million in compensation for the reindeer grazing in a national park. The Norwegian agriculture authority plans to meet with the Russian national park to discuss compensation. Norway is also repairing a 7-kilometer, or 4.3-mile, section of the reindeer fence at the cost of 3.7 million kroner. The Norwegian Directorate of Agriculture and Russia's natural resources and environment ministry did not immediately respond to requests for comment from Insider sent outside regular business hours.

Organizations: Service, Agriculture, Russian, Norwegian, of Agriculture Locations: Norway, Russia, Wall, Silicon, Norwegian, Pasvik Zapovednik, Russian

☆ Lyles, Richardson back up world titles in Zurich
▼ + stars: | 2023-08-31 | by ( ) www.reuters.com time to read: +3 min

ZURICH, Aug 31 (Reuters) - Americans Noah Lyles and Sha'Carri Richardson cemented their status as fastest in the world this year with victories at the Weltklasse Diamond League meeting on Thursday. Kyron McMaster of the British Virgin Islands handed world record holder Karsten Warholm his first 400 hurdles loss this season, taking victory in 47.27 to edge the weary-looking world champion Norwegian who crossed in 47.30. The Olympic champion and twice reigning world champion failed on three attempts at 6.23 - what would have been the seventh time he has bettered the world record. Winfred Yavi of Bahrain passed world record holder Beatrice Chepkoech of Kenya with a lap remaining in a carbon copy of her world victory to win the women's 3,000 steeplechase. Yomif Kejelcha of Ethiopia won a men's 5,000 race in which Lamecha Girma, the world record holder in the 3,000 steeplechase, dropped out with two laps to go.

Persons: Noah Lyles, Sha'Carri Richardson, Richardson, Erriyon Knighton, Knighton, Jamaica's Shericka Jackson, Jackson, Kyron McMaster, Karsten Warholm, Warholm, Yulimar Rojas, Rojas, Armand Duplantis of, Mutaz Barshim, Yared, Briton Josh Kerr, Kerr's, Norway's Jakob Ingebrigtsen, Nuguse, Kerr, Yavi, Beatrice Chepkoech, Yomif, Lamecha, Lori Ewing, Ed Osmond Organizations: Weltklasse Diamond League, British Virgin Islands, Venezuela, Olympic, Thomson Locations: ZURICH, Budapest, Zurich, Hungary, British, Norwegian, Armand Duplantis of Sweden, Qatar, Bahrain, Kenya, Ethiopia

☆ Chess-Carlsen and Niemann settle dispute over cheating claims
▼ + stars: | 2023-08-29 | by ( ) www.reuters.com time to read: +2 min

Magnus Carlsen of Norway sits in front of a chess board during a game. Chess.com banned Niemann and later published a report saying he had likely cheated more than 100 times in online games. Niemann has admitted to cheating online when he was 12 and 16-years-old, but denied any wrongdoing while contesting over-the-board games. Weeks after the Sinquefield Cup, Carlsen refused to play in an online game against Niemann, opting instead to resign after just one move. "I am willing to play Niemann in future events, should we be paired together."

Persons: Magnus Carlsen of Norway, Pavel Mikheyev, Norway's Magnus Carlsen, Hans Niemann, Niemann, Carlsen, Chess.com, Hikaru Nakamura, Magnus, Weeks, Hritika Sharma, Peter Rutherford Organizations: FIDE, REUTERS, Sinquefield, American, Thomson Locations: Almaty, Kazakhstan, U.S, St, Louis , Missouri, Hyderabad

☆ Redemption for Norway's Ingebrigtsen with 5,000 metre world title
▼ + stars: | 2023-08-27 | by ( Lori Ewing | ) www.reuters.com time to read: +2 min

BUDAPEST, Aug 27 (Reuters) - Jakob Ingebrigtsen of Norway raced to victory in the 5,000 metres on the final day of the World Athletics Championships on Sunday, bouncing back from bitter disappointment in the 1,500m four days earlier. The 22-year-old, who has battled an illness this week, ran down Spain's Mohamed Katir over the final 50 metres to win in 13 minutes 11.30 seconds. "Getting sick is a nightmare," said Ingebrigtsen, gold medallist in the 1,500m at the Tokyo Olympics. Uganda's Oscar Chelimo did not finish, pulling off the track holding his hamstring with two laps to go. Reporting by Lori Ewing; Additional reporting by Tommy Lund Editing by Toby DavisOur Standards: The Thomson Reuters Trust Principles.

Persons: Jakob Ingebrigtsen, Spain's Mohamed Katir, Katir, Jacob Krop, Ingebrigtsen, I've, Britain's Josh Kerr, Briton Jake Wightman, Oscar Chelimo, Lori Ewing, Tommy Lund, Toby Davis Organizations: NRK, Paris Diamond League, Tokyo, Thomson Locations: BUDAPEST, Norway, Kenya, Norwegian, Eugene, Budapest

☆ US Open to deploy Video Review system to help officials
▼ + stars: | 2023-08-25 | by ( ) www.reuters.com time to read: +2 min

"The VR official and VR operator will then send the video to a screen on the chair umpire's chair as well as stadium screens when available," the document said. Chair umpires will review the evidence to determine if the original call has to be overturned or confirmed. The WTA does not use a VR system at its events and has no immediate plans to bring one in, a source at the elite women's tour said. Tennis already uses ball-tracking and electronic line-calling technology in certain events and the VR system will aim to further reduce the potential for human error. The U.S. Open added the system will also be used to monitor player behaviour.

Persons: Spain's Carlos Alcaraz, Norway's Casper Ruud, Shannon Stapleton, Arthur Ashe, Louis Armstrong, Shrivathsa Sridhar, Peter Rutherford Organizations: U.S, U.S ., ATP Cup, Louis, Tennis, Thomson Locations: Flushing Meadows , New York, United States, Bengaluru

☆ Ukrainian pilots to receive F-16 training in US
▼ + stars: | 2023-08-24 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Paulo Whitaker/File Photo Acquire Licensing RightsWASHINGTON, Aug 24 (Reuters) - The United States will begin flight training for Ukrainian pilots on F-16 fighter jets in October, the Pentagon announced on Thursday. The training will begin after the pilots receive English language training next month, Pentagon spokesman Brigadier General Pat Ryder said. Several pilots and dozens of aircraft maintenance crew will take the training, Ryder added. Denmark has begun training eight Ukrainian pilots in flying F-16s. U.S. President Joe Biden endorsed training programs for Ukrainian pilots on F-16s in May.

Persons: Paulo Whitaker, Pat Ryder, Ryder, Volodymyr Zelenskiy, Joe Biden, Idrees Ali, Phil Stewart, Chris Reese, Jonathan Oatis Organizations: U.S . Air Force, Brazilian Air Force, REUTERS, Rights, Pentagon, U.S, Ukrainian, NATO, Thomson Locations: CRUZEX, Natal, Brazil, United States, Arizona, Denmark, Netherlands, Ukraine, Skrydstrup, Russia, Moscow

[1/2] Norwegian Air Force F-16 fighters (front) and Italian Air Force Eurofighter Typhoon fighters patrol over the Baltics during a NATO air policing mission from Zokniai air base near Siauliai, Lithuania, May 20, 2015. REUTERS/Ints Kalnins/File Photo Acquire Licensing RightsOSLO, Aug 24 (Reuters) - Norway will donate U.S.-made F-16 combat aircraft to Ukraine, the Norwegian prime minister announced during a visit to Kyiv on Thursday, joining an effort led by the Netherlands and Denmark. F-16s have been on Ukraine's wish list for a long time because of their destructive power and global availability. "We are planning to donate Norwegian F-16 fighter jets to Ukraine, and will provide further details about the donation, numbers and time frame for delivery, in due course," Norway's Prime Minister Jonas Gahr Stoere said in a statement. "The donation of these F-16 jets will significantly strengthen Ukraine's military capabilities," Norway's Defence Minister Bjoern Arild Gram said in the statement.

Persons: Ints, Jonas Gahr Stoere, Stoere, Volodymyr Zelenskiy, Bjoern Arild Gram, Terje Solsvik, Nora Buli, Mark Heinrich, Jonathan Oatis Organizations: Norwegian Air Force, Italian Air Force Eurofighter, NATO, REUTERS, Rights, U.S, Norway's, Romania, U.S . Air Force, Thomson Locations: Siauliai, Lithuania, Rights OSLO, Norway, Ukraine, Norwegian, Kyiv, Netherlands, Denmark

☆ Briton Kerr stuns Ingebrigtsen to win 1,500m gold
▼ + stars: | 2023-08-23 | by ( Mitch Phillips | ) www.reuters.com time to read: +2 min

I'm so proud of myself," said Kerr, who ran the race in sunglasses. "I didn't feel like I ran the best race either. We left no stone unturned and if it wasn't a gold medal today, that was the best we could have done. Ingebrigtsen said his legs felt heavy as he was unable to respond to Kerr moving onto his shoulder. Last year Ingebrigtsen recovered to win the 5,000m gold and he has the chance to do that again in Budapest.

Persons: Josh Kerr, Jakob Ingebrigtsen, Norway's Ingebrigtsen, Britain's Jake Wightman, Kerr, Ingebrigtsen, Gilje Nordas, It's, I'm, Mitch Phillips, Ed Osmond Organizations: Olympic, Tokyo Olympic, Thomson Locations: BUDAPEST, Poland, Budapest

☆ The world's largest floating wind farm is now officially open — and helping to power North Sea oil operations
▼ + stars: | 2023-08-23 | by ( Anmar Frangoul | ) www.cnbc.com time to read: +3 min

Floating offshore wind turbines are different from fixed-bottom offshore wind turbines, which are rooted to the seabed. One advantage of floating turbines is that they can be installed in far deeper waters than fixed-bottom ones. In recent years a range of companies and major economies like the U.S. have laid out goals to ramp up floating wind installations. Alongside Equinor, partners in the Hywind Tampen project include Vår Energi, INPEX Idemitsu, Petoro, Wintershall Dea and OMV. Back in 2017, it started operations at Hywind Scotland, a five-turbine, 30 MW facility it calls the planet's first floating wind farm.

Persons: Equinor, Tampen, Crown Prince Haakon of Norway, INPEX, Wintershall, Equinor's Siri Kindem, General, Antonio Guterres Organizations: United Nations Locations: Norwegian, Norway, OMV, Hywind Scotland, North, Sharm el, Sheikh, Egypt

☆ U.S. Open 2023: dates, schedule, seeds and how to watch on TV
▼ + stars: | 2023-08-22 | by ( ) www.reuters.com time to read: +3 min

* The three main showcourts at the U.S. Open are Arthur Ashe Stadium, Louis Armstrong Stadium and the Grandstand. * Arthur Ashe Stadium (capacity: 23,771) is named after the only Black man to claim singles titles at Wimbledon, the U.S. Open and the Australian Open. * Louis Armstrong Stadium (capacity: 14,053) was named after jazz great Armstrong who lived a few blocks from the venue until he died in 1971. * Poland's Iga Swiatek, the French Open champion, is the women's world number one and will defend her New York crown. * Latin America & Caribbean: ESPN Brazil, ESPN Caribbean, ESPN Latin America (North and South), TV Globo.

Persons: Spain's Carlos Alcaraz, Norway's Casper Ruud, Violeta Santos Moura, Arthur Ashe, Louis Armstrong, Armstrong, Holder Carlos Alcaraz, Swiatek, Carlos Alcaraz, Novak Djokovic, Daniil Medvedev, Holger Rune, Casper Ruud, Andrey Rublev, Taylor Fritz, Frances Tiafoe, Sabalenka, Jessica Pegula, Elena Rybakina, Coco Gauff, Caroline Garcia, Maria Sakkari, Vondrousova, Karolina Muchova, Stan Sport, Shrivathsa Sridhar, Pritha Sarkar Organizations: U.S, United States Tennis Association, National, OPEN, U.S ., Louis, Wimbledon, Australian, Open, WHO, TOP, MEN, Sports, SuperSport, Eurosport, Sky Sports, Telefonica, Oceania, Digicel, MIGU, TVNZ, Sony Sports Network, Caribbean, ESPN Brazil, ESPN Caribbean, ESPN, America, TV Globo, beIN, TSN, Thomson Locations: Murcia, Spain, New York, Serbia, Russia, Denmark, Norway, Italy, Greece, United States, Poland, Belarus, Kazakhstan, Jabeur, Tunisia, France, Czech Republic, Africa, Europe, SuperTennis, India, Bengaluru

☆ Cargill chartered ship sets sail to test wind power at sea
▼ + stars: | 2023-08-21 | by ( Jonathan Saul | ) www.reuters.com time to read: +2 min

[1/5] Pyxis Ocean retrofitted with WindWings sets sail during its maiden voyage, in this undated handout picture, Mid-Sea, August 2023. Cargill, one of the world’s biggest ship charterers, has been exploring wind assisted propulsion as one cleaner energy option. Pyxis Ocean will sail from Singapore and head to Brazil and is likely to transport a cargo of grain to Denmark, Dieleman said. The vessel is then likely to remain in the north Atlantic area to maximise wind usage, he added. BAR Technologies, which has designed boats for the America's Cup, developed the sails, which were built by Norway's Yara Marine Technologies.

Persons: Jan Dieleman, Dieleman, Cargill, Norway's, Jonathan Saul, Kirsten Donovan Organizations: Cargill, Handout, REUTERS Acquire, Reuters, BAR Technologies, Norway's Yara Marine Technologies, Thomson Locations: U.S, Singapore, Brazil, Denmark

The fund is one of a growing number investors and policymakers pushing to put more women in company boardrooms. Its latest move comes as the fund takes stock of its ESG engagement with companies so far this year. This year for the first time the fund analysed the structure of all U.S. pay packages above $20 million to see if they aligned with long-term value creation. As a result of its analysis, the fund voted against more than half of pay packages above this level, the report showed. The fund voted against the pay of Coca-Cola's (KO.N) James Quincey, Apple's (AAPL.O) Tim Cook and PepsiCo's (PEP.O) Ramon Laguarta, the fund's voting record showed.

Persons: Carine Smith Ihenacho, Smith, Smith Ihenacho, James Quincey, Apple's, Tim Cook, Ramon Laguarta, Gwladys, Jane Merriman Organizations: ARENDAL, Reuters, Coca, Reuters Graphics Reuters, Thomson Locations: Norway, boardrooms, United States, Europe, Japan, Arendal

☆ CNBC Daily Open: Stocks are under pressure from Treasury yields
▼ + stars: | 2023-08-18 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

Traders work the floor of the New York Stock Exchange on July 25, 2023, in New York City. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. The pan-European Stoxx 600 index retreated 0.9%, weighed down by industrials and technology stocks. Chinese countermeasuresSeparately, China's Ministry of Commerce said it might respond to the Biden administration's executive order restricting U.S. investment in sensitive Chinese technology. [PRO] Surprise social stock pickEvercore ISI's Mark Mahaney is famous for his analysis of technology stocks.

Persons: David Roche, it's, Roche, Shu Jueting, Bitcoin, Sylvia Jablonski, Mark Mahaney Organizations: New York Stock Exchange, CNBC, Treasury, China's Ministry of Commerce, Biden Locations: New York City, Norway's, Defiance

☆ Norwegian mass killer Breivik sues the state for "extreme" isolation -lawyer
▼ + stars: | 2023-08-18 | by ( ) www.reuters.com time to read: +1 min

NTB Scanpix/Lise Aaserud via REUTERS/File Photo Acquire Licensing RightsOSLO, Aug 18 (Reuters) - Norwegian mass killer Anders Behring Breivik is suing the state for allegedly violating his human rights due to his being held in "extreme" isolation, and has filed another application for parole, his lawyer said on Friday. Breivik, now 44, is serving Norway's longest sentence, 21 years, which can be extended if he is still considered a threat. "He's suing the state because he has been in an extreme isolation for 11 years, and has no contacts with other people except his guards," Breivik's lawyer Oeystein Storrvik told Reuters. In 2017, Breivik lost a human rights case when an appeals court overturned a lower court verdict that his near-isolation in a three-room cell was inhuman. Last year, a Norwegian court also rejected his parole application, saying he still posed a risk of violence.

Persons: Anders Behring Breivik, NTB Scanpix, Lise Aaserud, Breivik, He's, Oeystein Storrvik, Storrvik, Nerijus Adomaitis, Mark Potter, Angus MacSwan Organizations: Appeal, REUTERS, Rights, Reuters, Thomson Locations: Borgarting, Telemark, Skien, Norway, Rights OSLO, Oslo

☆ B-2 stealth bombers are in Iceland on their first deployment since a fiery mishap grounded the whole fleet
▼ + stars: | 2023-08-16 | by ( David Cenciotti | The Aviationist | ) www.businessinsider.com time to read: +5 min

US Air Force B-2 stealth bombers have returned to Keflavik in Iceland for the first time since 2021. It's the first deployment since B-2 bombers resumed flying after a five-month safety stand down. The deployment is the first one since the stealth bomber fleet returned to normal operations on May 22, 2023, after a five-month safety stand down following the incident in December last year. Two pilots approach a B-2 during Bomber Task Force 24-4 in Keflavik on August 15. A crew chief prepares to marshal a B-2 during Bomber Task Force 24-4 in Keflavik on August 15.

Persons: Heather Salazar, James Hecker, Andrew Kousgaard, Col Kousgaard, Diego Garcia, Northrop Grumman Organizations: US Air Force, Keflavik, Service, 509th Bomb, Whiteman Air Force Base, Whiteman, Alliance ., Bomber, Tech, RAF Fairford, Force, Naval Air Station Keflavik, US Air Forces, US Air Forces Africa, NATO Allied Command, 393rd Bomb Squadron, Whiteman AFB, Libya Air, Allied Force, ISIS, Lajes, Andersen Air Force Base, Raider, US Air Force's, Northrop Locations: Iceland, Wall, Silicon, Missouri, Keflavik, Mississippi, Europe, U.S, Korean, Libya, Serbia, Fairford, Azores, Portugal, Guam, Ocean Territory

☆ The world's biggest stock investor says if you don't see opportunities in AI, then you are a 'complete moron'
▼ + stars: | 2023-08-16 | by ( Jason Ma | ) www.businessinsider.com time to read: +2 min

"If you don't think there are opportunities with AI, then in my mind you are a complete moron." That comes from the head of Norway's sovereign wealth fund, which is the world's biggest stock investor. "If you don't think there are opportunities with AI, then in my mind you are a complete moron," Nicolai Tangen, the fund's chief executive, told the Financial Times. Meanwhile, he warned that regulating AI will be difficult because the US-China rivalry has made the technology critical to the "weapons race, medical race, self-driving race, financial race." "We are always conscious and worried about the biggest exposures of the fund," Tangen told Reuters separately.

Persons: Nicolai Tangen, Tangen, wouldn't Organizations: Service, Apple, Meta, Microsoft, Nvidia, Tesla, Financial Times, Reuters Locations: Wall, Silicon, China

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