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☆ Oil prices firm as geopolitical tensions raise supply concerns
▼ + stars: | 2024-11-21 | by ( ) www.cnbc.com time to read: +2 min

A pump jack at an oil lot connected to the Petroleos del Peru SA Talara refinery in Piura, Peru, on Wednesday, Dec. 13, 2023. Oil prices edged higher on Thursday due to supply concerns triggered by escalating geopolitical tensions amid the ongoing war between Russia and Ukraine. Gasoline inventories last week rose more than forecast, while distillate stockpiles posted a larger-than-expected draw. Adding to supply, Norway's Equinor said it had restored full output capacity at the Johan Sverdrup oilfield in the North Sea following a power outage. However, a slowdown in Chinese and global demand, coupled with rising output outside the group, have potentially thwarted this plan.

Persons: Norway's Equinor, Johan Sverdrup Organizations: del, del Peru SA Talara, Brent, . West Texas, Storm, ATACMS, Energy Information Administration, Organization of, Petroleum Locations: del Peru, Piura, Peru, Russia, Ukraine, Moscow, Kyiv, OPEC

Norway's royal family found itself embroiled in an intensifying scandal Tuesday after the son of the country's crown princess was arrested on suspicion of rape. They add to the growing list of charges against the Oslo socialite, the eldest child of Norwegian Crown Princess Mette-Marit from a relationship prior to her marriage to Crown Prince Haakon. It was the police who brought the provisional rape charge, not the alleged victim, her lawyer Hege Salomon told Norwegian newspaper Aftenposten. And Borg Hoiby has pleaded not-guilty to separate charges related to two past relationships. According to police, when he was arrested Monday Borg Hoiby was in a car with the alleged victim from the August incident.

Persons: Marius Borg Hoiby, Mette, Marit, Crown Prince Haakon, Borg Hoiby, Oyvind Bratlien, Simen, Hege Salomon, Salomon, “, ” Borg Hoiby, Prince Haakon, Princess Ingrid Alexandra, Prince Sverre Magnus, Martha Louise Organizations: Oslo, NRK, NBC News, Communications, NBC, Norwegian, Police, American Vogue Locations: Oslo, Norwegian, American

☆ Norwegian F-35s called into action after Russian aircraft spotted off Norway and over Baltic Sea
▼ + stars: | 2024-11-15 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +2 min

AdvertisementNATO scrambled jets to respond to Russian aircraft "not adhering to international norms" this week. Italy's air force intercepted a Russian Coot-A aircraft over the Baltic Sea, NATO Air Command said. Norwegian F-35s identified multiple Russian aircraft off the coast of Norway, it added. Norwegian F-35s were called into action on Tuesday as NATO scrambled jets in response to Russian aircraft "not adhering to international norms," NATO's Air Command said in a post on X.Italy's air force intercepted a Russian Coot-A plane flying over the Baltic Sea, while the Norwegian F-35s identified multiple Russian aircraft off the coast of Norway, NATO Air Command said. In July, Russian fighter jets scrambled to intercept two US Air Force B-52H bombers approaching Russia's border, the Russian Ministry of Defense said at the time.

Persons: Henrik Omtvedt Jenssen, Jenssen, Lockheed Martin Organizations: NATO, NATO Air Command, Command, Norwegian Armed Forces, NRK, Russian, Royal Air Force, British Ministry of Defence, BBC, Typhoons, US Air Force, Russian Ministry of Defense, Lockheed, Kongsberg Defence, Aerospace Locations: Russian, Baltic, Norwegian, Norway, Russia, State, Kongsberg

☆ A Norwegian fisherman accidentally caught a US submarine in his nets
▼ + stars: | 2024-11-14 | by ( Mia Jankowicz | ) www.businessinsider.com time to read: +4 min

A Norwegian fisherman caught a US submarine in his nets this week. The US Navy has sent several vessels into nearby waters in recent months amid tensions with Russia. AdvertisementA Norwegian fisherman made a surprising catch on Monday in the form of a US submarine. In June, the Ohio-class ballistic missile submarine USS Tennessee and the cruiser USS Normandy were deployed to the Norwegian Sea in response to Russian maneuvers, defense news site Army Recognition reported. AdvertisementIn September, US lawmakers expressed concerns about delays and soaring costs in building new vessels, including Virginia-class submarines, particularly in light of China's recent naval expansions.

Persons: —, Harald Engen, Engen, Pierson Hawkins, Hawkins, Harry S, Wales, Jason Dunham, USS Stout, Ken Calvert Organizations: US Navy, Service, NRK, Norwegian Coast Guard, Barents Observer, Fleet, Forces, Truman Carrier Strike, British, USS, US Naval Forces Locations: Norwegian, Russia, Malangen, Norway's, Virginia, Tromsø, Norway, Ohio, Tennessee, Normandy, Barents, US Naval Forces Europe, Africa

☆ Climate Action 15: 2024's Leading Innovators for a Sustainable Future
▼ + stars: | 2024-11-11 | by ( ) www.businessinsider.com time to read: +40 min

Editor's note: Business Insider's reporters and editors nominated leaders based on insights from past Climate Action honorees, expert sources, and reader submissions. Courtesy of Jayson RicamaraSaudi Arabia, with its hot desert climate and little fresh water, is one of the most difficult farming environments. AdvertisementIyris in October also launched a sustainable-farming pilot in Saudi Arabia with chemical and plastic manufacturers as well as companies including Red Sea Global, a luxury tourism developer. A UN climate panel estimated that harnessing wave energy could supply 20% more electricity than the world produced in 2022. The US is trying to shore up its own mining and manufacturing base to curb China's power, including in battery recycling.

Persons: Derya Baran, Iyris Derya Baran, Jayson Ricamara, Baran, SecondSky, who's, Inna Braverman, Braverman, David Leb, Charles Callaway, Environmental Justice Charles Callaway ., Callaway, Clara, Gretchen Cara Daily, Stanford University Gretchen Cara Daily, Daily, NatCap, Juan Carlos Navarro, Panama Juan Carlos Navarro, Panama Navarro, José Raúl, Haiti —, Navarro, del, Reinhold Gallmetzer, Reinhold, Gallmetzer, Brazil's JBS, packer, Diane Gilpin, Smart Green Shipping Diane Gilpin, Gilpin, Drax, Roberta Tuurraq Glenn, Borade, Savok Glenn, Glenn, Cynthia Houniuhi, Houniuhi, it's, Arvind Kumar, Prasad, Rice, Kumar, Ari Matusiak, Gazur, Matusiak, —, Duncan McIntyre, McIntyre, Altenex, Ozane, Biden, It's, Delta, Liz Ricketts, Charlie Engman Ricketts, Ricketts, Ricketts didn't, Chao Yan, Princeton NuEnergy Chao Yan, Yan Organizations: Iyris, United Arab, King Abdullah University of Science, Technology, Red, Eco, UN, Eco Wave Power, Shell, Environmental Justice, Proctor Academy For Callaway, Metropolitan Transportation Authority, Green Institute, Callaway, Natural, Stanford University, Stanford, Facility, Ministry, Environment, Panama's, UNESCO, US State Department, National Association for, Nature, Center, for, Carrefour, Nestlé, Smart Green Shipping, Scottish Enterprise, International Windship Association, Maritime Organization, Union, Alaska Arctic Observatory, National Weather Service, AAOKH, University of Alaska, Pacific Islands, University of, International Court of Justice, United Nations, Prasad Seeds, Labor, Prasad, International Rice Research Institute, Rewiring, Reduction, Communities, Highland Electric, Schools, Highland, Beverly Public Schools, Fortune, Edison International, Louisiana, US Department of Energy, Ozane, White, LNG, Vessel Project, Biden, Department of Energy, Kantamanto, London . Brands, McKinsey, Princeton, New Jersey Institute of Technology, Princeton University, Princeton NuEnergy, Energy, Laboratory, EV Locations: Jayson Ricamara Saudi Arabia, Saudi Arabia, United Arab Emirates, Egypt, Spain, Ukraine, Cherkassy, Israel, Gibraltar, Port of Los Angeles, Porto, Portugal, West Harlem, New York City, Clara Hale, Costa Rica, Belize, China, NatCap, Stanford, Panama, Colombia, Venezuela, Haiti, Panama City, Brazil, Peru, Brazilian, , Norway's, Barrow, Furness, Alaska, University of Alaska Fairbanks, Utqiaġvik, Fanalei, Solomon Islands, Fiji, Vanuatu, Tonga, Asia, Saharan Africa, India, Philippines, Nepal, Bangladesh, Africa, Hyderabad, South, Southeastern Asia, Subhanpur, Rewiring America, Massachusetts —, Sulphur , Louisiana, Calcasieu, Vessel Project Louisiana, Accra, Ghana, New York, London, Kantamanto, Taiyuan, China's Shanxi, Argonne, South Carolina

☆ Higher taxes will make it harder for Britain to build 'the next Nvidia,' tech execs say
▼ + stars: | 2024-11-01 | by ( Ryan Browne | ) www.cnbc.com time to read: +6 min

The lower capital gains tax rate was increased to 18% from 10%, while the higher rate climbed to 24% from 20%. Reeves said the increases will help bring in £2.5 billion ($3.2 billion) of additional capital to the public purses. Still, Reeves said the U.K. would still have the lowest capital gains tax rate of any European G7 economy. watch nowReeves announced that the rate of tax on carried interest, which is charged on capital gains, would rise to 32%, up from 28% currently. She nevertheless urged the government to look seriously at mandating that pension funds diversify their allocation to riskier assets like venture capital — a common ask from VCs to boost the U.K. tech sector.

Persons: Rachel Reeves, Reeves, BADR, Paul Taylor, Taylor, Haakon Overli, Dawn Capital, Overli, Anne Glover, Glover, Clarity, Steve Hare, Sage, Sean Reddington, Reddington Organizations: Labour Party Conference, ACC Liverpool Convention Center, Anadolu, Getty, LONDON, Labour, CGT, National Insurance, Unicorn Council, Nvidia, Dawn, NVIDIA, Amadeus Capital, Wealth, Norway's, Fund Global, Saudi Arabia's Public Investment Fund Locations: Liverpool, British, Britain, VCs

☆ Some wealthy travelers are replacing their hot summer trips with 'coolcations'
▼ + stars: | 2024-10-28 | by ( Brittany Chang | ) www.businessinsider.com time to read: +7 min

Some luxury travel agents say more vacationers are seeking summer trips to cooler climates. In the summer of 2024, a growing number of travelers flocked to Greece as the country was experiencing deadly heatwaves and fires. Wealthy travelers are seeking out chill summersSome western European destinations like Iceland experienced a cooler-than-average summer. Roth has planned summer trips to the latter. AdvertisementA growing number of travelers are pushing their "Euro summer" trips to the fall to beat peak summer crowds and temperatures.

Persons: —, Spain —, Angelos Tzortzinis, Jackie Roth, Scott Dunn, Roth, Noppasin, Julie Durso, Melissa Biggs Bradley, Alexander Spatari, Sergio Pitamitz, Belles, Kent, Stefano Zaccaria, Patrick Quayle Organizations: Service, Eiffel, Getty, Scott Dunn Private, Airlines, New Jersey's Newark Liberty International, United Airlines Locations: Iceland, Norway, Finland, Europe, Italy, Greece, Portugal, Spain, Canada, Rome, Paris, Scandinavia, Maui, Hawaii, Ireland, France, Oslo, Copenhagen, Stockholm, Faroe Islands, Faroe, Sweden, Denmark, New, Nuuk, Greenland's, Madrid, Greenland

☆ US approves $2B arms sale to Taiwan including air-to-air missiles and NASAMS weapon systems
▼ + stars: | 2024-10-26 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +3 min

The US has approved a $2 billion arms sale to Taiwan that includes missile and radar systems. The potential sale would include three NASAMS air-defense systems. AdvertisementThe US on Friday approved a potential arms sale package for Taiwan worth nearly $2 billion. The NASAMS is a medium-range air-defense system that can be used to defend against aircraft, drones, and cruise missiles. US Defense Secretary Lloyd Austin said in November 2022 that the NASAMS system had up to that point had a 100% success rate in intercepting Russian missiles.

Persons: —, Lloyd Austin, China's, Tom Shugart, Wellington Koo Organizations: US, Ukrainian, Service, Air Missile Systems, Air Missile, Defense Security Cooperation Agency, Raytheon, Norway's Kongsberg Defense, Aerospace, Eastern, Command, US Navy, Center, New, New American Security, Reuters, Business, Department of Defense Locations: Taiwan, Russian, Russia, Ukraine, China, Taiwan Independence, New American

☆ Norway wants to ban under-15s from social media, and expects an 'uphill battle'
▼ + stars: | 2024-10-24 | by ( Mikhaila Friel | ) www.businessinsider.com time to read: +5 min

AdvertisementNorway wants to stop children under 15 from using social media, proposing one of the world's toughest bans. The Scandinavian nation already restricts social media more than most, with a ban for under-13s. The Norwegian prime minister, Jonas Gahr Støre, told the Norwegian tabloid VG that new regulation would indeed be "an uphill battle." The Norwegian Media Authority in August estimated that 53% of nine-year-olds, 58% of 10-year-olds, and 72% of 11-year-olds use social media. Anglero said it's common for Oslo families to use social media, whether to coordinate children's sports teams or just to chat.

Persons: —, Jonas Gahr Støre, Nick Clegg, Meta, Clegg, Elon Musk, Evan Spiegel, Spiegel, Norway's, Andrew Harnik, Kjersti Toppe, Thomas Anglero, Anglero, Lina Ghazal, Ghazal, Anthony Albanese, Toppe Organizations: Service, Social, Facebook, Elon, Norwegian Media Authority, VG, BI, Guardian, Støre Locations: Norway, Norwegian, Oslo, Verifymy, France

☆ Norway's wealth fund says lower interest rates had a 'pretty significant impact' on earnings
▼ + stars: | 2024-10-22 | 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 EmailNorway's wealth fund says lower interest rates had a 'pretty significant impact' on earningsTrond Grande, deputy CEO of Norges Bank Investment Management, which manages the world's largest sovereign wealth fund, discusses the fund's third-quarter earnings, European banks and the outlook for tech stocks.

Persons: Trond Grande Organizations: Norges Bank Investment Management

☆ World’s largest sovereign wealth fund posts $76 billion in quarterly profit as interest rates fall
▼ + stars: | 2024-10-22 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +1 min

Norway's 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, one of the world's largest investors, said it had a value of 18.870 trillion kroner at the end of September. Trond Grande, deputy CEO of Norges Bank Investment Management (NBIM), which manages the world's largest sovereign wealth fund, said recent changes in monetary policy had "a pretty significant impact" on the fund's third-quarter results. "What I think you have seen from our numbers is that with a rising tide, all boats rise, right? And so, you saw a very broad increase in the stock market based on lower interest rates, essentially."

Persons: Trond Grande, Grande, CNBC's Silvia Amaro Organizations: Fund, Norway's Finance Ministry, FTSE, Bloomberg Barclays, Norges Bank Investment Management

☆ I was a guest at Norway's royal wedding. The dress codes were daring and fun — and the only cameras belonged to Netflix.
▼ + stars: | 2024-10-20 | by ( Mikhaila Friel | ) www.businessinsider.com time to read: +6 min

Nigeria's Princess Keisha went to the wedding of Princess Märtha Louise and Durek Verrett in Norway. The couple attended the wedding of Princess Märtha Louise of Norway and Durek Verrett on August 31. Princess Märtha. Princess Keisha OmilanaWe had a lovely dinner, and Princess Märtha and Durek performed a salsa dance. Crown Princess Victoria and Prince Daniel of Sweden at the wedding of Princess Märtha Louise and Durek Verett.

Persons: Nigeria's, Keisha, Princess Märtha Louise, Durek, —, Princess Keisha Omilana, Prince Kunle Adebayo, Princess Märtha Louise of Norway, Durek Verrett, Keisha's, Princess Märtha, HEIKO JUNGE, Märtha, Princess Keisha, Prince Kunle, else's, Princess Märtha's, Crown Prince Haakon, Prince Haakon said, Isabelle Serrano, Prince Daniel, Crown Princess Victoria of, Keisha Omilana, Daniel, Victoria, Prince Daniel of Sweden, Durek Verett, CORNELIUS POPPE, Serrano, it's, Prince, Princess of, Princess, Prince Kule Organizations: Netflix, Service, Getty, Princess Keisha Omilana Netflix Locations: Norway, American, Nigerian, New York, Norwegian, Havana, Valencia, Spain, Crown Princess Victoria of Sweden, Europe, Princess of Sweden, Netherlands

☆ This tiny country is giving $2,000 to every household as an Exxon oil boom supercharges its economy
▼ + stars: | 2024-10-17 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +6 min

Guyana, the tiny South American nation, is giving $2,000 to every household in the country. AdvertisementThe world's fastest-growing economy is handing the equivalent of $2,000 to every household as it works to share its newfound oil wealth and soften the sting of higher living costs. Its oil fund held over $1.7 trillion of assets at the end of June, or more than $300,000 per Norwegian citizen. Sharing the wealthGuyana's $2,000 payment to households "sounds like great news," Karl Widerquist, a philosophy professor at Georgetown University-Qatar and the author of several books about universal basic income (UBI) told BI. Guyana's one-off, unconditional cash grant is a "positive step," Cleo Goodman, the basic income lead at the Autonomy Institute think tank, told BI.

Persons: —, Mohamed Irfaan Ali of, Ali, They've, Nicolas Suarez, Suarez, Karl Widerquist, Cleo Goodman Organizations: Service, Department, Public, Guyanese, P Global Market Intelligence, Resource Fund, Bank, Exxon, Guyana ramped, Monetary Fund, Georgetown University, Qatar, Autonomy Institute Locations: Guyana, Mohamed Irfaan Ali of Guyana, America, Riding, Britain, Venezuela, Brazil, Suriname, Netherlands

☆ I crowdsourced travel tips for my 3-month European vacation. I ended up on a stranger's boat shrimping in Norway's fjords.
▼ + stars: | 2024-10-01 | by ( Aditi Bharade | ) www.businessinsider.com time to read: +5 min

Shrimping on a stranger's boat in Norway's FjordsOn this trip, I want to do something different and create a community of people that I could ask for recommendations. Related storiesI received a direct message from a shrimp company, Færder Sjømat, asking if I wanted to join them on a shrimp boat. It was just me and the two of them on the little boat, so it felt really personal. Another challenge is that when you're traveling by yourself, you're fully in charge of taking care of yourself. So my advice is — if you're traveling solo, slow down, and learn how to take care of yourself and your health on the road.

Persons: Gabriel Escobar backpacked, —, Gabriel Escobar, Færder Sjømat, Escobar, Gabe Escobar, I'd Organizations: Service Locations: Europe, Norway, Copenhagen, Shrimping, Oslo, Norwegian

☆ European markets set to open lower following slew of central bank decisions
▼ + stars: | 2024-09-20 | by ( Karen Gilchrist | ) www.cnbc.com time to read: 1 min

Shoppers on the high street in the Kingston district of London, U.K.LONDON — European markets were poised to open lower Friday as investors digested a slew of central bank rate decisions this week and their impact on the global economy. The U.K.'s FTSE 100 was seen opening 41 points lower at 8,291, Germany's DAX down 59 points at 18,939, France's CAC 2 points lower at 7,604 and Italy's FTSE MIB down 124 points at 33,913, according to IG data. The regional Stoxx 600 closed higher Thursday, after the U.K.'s Bank of England and Norway's Norges Bank both held rates steady, drawing a contrast with the U.S. Federal Reserve's bumper rate cut a day prior.

Persons: Germany's DAX Organizations: LONDON, CAC, Bank of England, Norway's Norges Bank, U.S Locations: Kingston, London, U.S . Federal

☆ European markets set to open higher following Fed cut; Bank of England rate decision in focus
▼ + stars: | 2024-09-19 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +2 min

Bank of England in the City of London as economists and mortgage holders await this week's interest rate announcement on 28th July 2024 in London, United Kingdom. LONDON — European markets were poised to open higher as investors digested the U.S. Federal Reserve's first interest rate cut in four years and looked ahead to the Bank of England's rate decision later in the session. Back in Europe, investor attention is now turning to the Bank of England, with the central bank largely expected to hold rates steady at 5%. The Fed's jumbo rate cut is unlikely to impact the Bank of England, according to economists, as the central bank ratified its decision around lunchtime Wednesday, hours before the U.S. announcement. Also on Thursday, Norway's central bank will deliver its latest interest rate decision.

Persons: Germany's DAX, Tiina Lee, CNBC's Organizations: of England, City of, LONDON, . Federal, Bank of, FTSE, France's CAC, Fed, Bank of England, Citi UK Locations: City, City of London, London, United Kingdom, ., Trading, Asia, Europe, U.S, Norway's

☆ It's a big week for central banks around the world, with a slew of rate moves on the table
▼ + stars: | 2024-09-16 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +5 min

Kevin Dietsch | Getty ImagesA flurry of major central banks will hold monetary policy meetings this week, with investors bracing for interest rate moves in either direction. The U.S. central bank is widely expected to join others around the world in starting its own rate-cutting cycle. Elsewhere, Brazil's central bank is scheduled to hold its next policy meeting across Tuesday and Wednesday. Traffic outside the Central Bank of Brazil headquarters in Brasilia, Brazil, on Monday, June 17, 2024. The central bank delivered its first interest rate cut in more than four years at the start of August.

Persons: Jerome Powell, William McChesney Martin, Kevin Dietsch, John Bilton, CNBC's, Bilton, David Volpe, Volpe, 25bps, Wilson Ferrarezi, BOE, Ruben Segura Cayuela Organizations: Federal Reserves, Washington , D.C, Federal, Traders, The Bank of England, Norway's Norges Bank, South Africa's, Bank, Bank of Japan, Morgan Asset Management, European, Bank of England, ECB, Emerald Asset Management, Banco Central, TS Lombard, Central Bank of, Bloomberg, Getty, Reuters, Bank of America Locations: Washington ,, U.S, Brazil's, Brazil, Central Bank of Brazil, Brasilia, South Africa, Norway, Japan

☆ The US is considering a sovereign wealth fund. Alaska already has one, and it's funding a universal basic income.
▼ + stars: | 2024-09-14 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +3 min

Read previewBipartisan momentum is building around a sovereign wealth fund that could help the United States reduce its national debt or fund ambitious projects. And former President Donald Trump recently called for a similar state-owned investment fund to finance "great national endeavors" during a campaign stop at the Economic Club of New York. AdvertisementAlaska's fund offers benefits that mimic a universal basic income — a no-strings-attached, recurring payment distributed to people regardless of socioeconomic status. Federal lawmakers likely see a sovereign wealth fund serving a different purpose, like supporting industries or financing supply chain initiatives. Sovereign wealth funds — like Alaska's or Norway's Government Pension Fund Global, which is the largest in the world — are often funded by wealth generated from state-owned natural resources.

Persons: —, Joe Biden's, Donald Trump, Sarah Cowan, Winston Ma, Hunt, Ma Organizations: Service, White, Economic, of New, Business, Alaska Permanent Fund, NYU, Unicorns, Fund Locations: United States, of New York, American, Alaska

☆ Trump and Biden agree: The US should finally start a sovereign wealth fund
▼ + stars: | 2024-09-08 | by ( Lakshmi Varanasi | Katie Balevic | ) www.businessinsider.com time to read: +5 min

So it is noteworthy that Democratic and Republican leaders both appear to want to establish a sovereign wealth fund to help the United States pay for stuff. Saudi Arabia's Public Investment Fund, which manages about $925 billion in assets, reported a $36.8 billion profit for 2023, according to Reuters. This isn't the first time Washington has toyed with the idea of a sovereign wealth fund. Last March, a group of bipartisan lawmakers led by Sen. Angus King and Sen. Bill Cassidy began discussing a sovereign wealth fund to pay for Social Security. The White House's interest in a sovereign wealth fund stems partly from its desire to compete with China, which has multiple state-owned funds itself.

Persons: —, Joe Biden, Jake Sullivan, Daleep Singh, Biden, Donald Trump, LIV Golf, Sen, Angus King, Bill Cassidy, Mitt Romney, John Paulson, Larry Summers Organizations: Service, Democratic, Republican, National, Bloomberg, Business, White, Economic, of New, Fund, Reuters, Norges Bank Investment Management, Saudi Arabia's Public Investment Fund, Blackstone, LIV, Social Security, America, Bloomberg Television Locations: United States, of New York, Saudi Arabia, Norway, Norway's, PIF, Heathrow, American, Washington, China

☆ A beloved whale long suspected of being a Russian 'spy' was shot dead, animal-rights groups say
▼ + stars: | 2024-09-04 | by ( Joshua Nelken-Zitser | Matthew Loh | ) www.businessinsider.com time to read: +4 min

Go to newsletter preferencesSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewA white beluga whale nicknamed Hvaldimir, beloved in Norway and believed to have been trained to spy for Russia, was found dead in Norwegian waters over the weekend. The animal-rights groups provided Business Insider with images of the whale's body, which appeared to show bullet holes. The lifeless body of Hvaldimir was discovered by a teenage fisherman and his father near the town of Risavika on Saturday morning. A spokesperson for the Norwegian Veterinary Institute said it couldn't comment on any results as Hvladimir's autopsy was still ongoing.

Persons: —, NOAH, they'd, Regina Haug, Hvaldimir, Vladimir Putin's, Siri Martinsen, Martinsen, Sebastian Strand, Hvladimir, Strand Organizations: Service, Business, NATO, Marine, Norwegian Veterinary Institute, of Fisheries Locations: Norway, Russia, Risavika, Petersburg

☆ The princess and the shaman: Norway's royal wedding unlike any other
▼ + stars: | 2024-08-31 | by ( Alexander Smith | ) www.cnbc.com time to read: +2 min

Norway's Princess Martha Louise and her American fiancé Durek Verrett on their way to the gala dinner for Princess Ingrid Alexandra at the castle in Oslo on June 17, 2022. A Norwegian princess marrying her Hollywood fiancé — it sounds like exactly the sort of fairy tale to charm a world beset by war and political strife. But the wedding on Saturday of Princess Märtha Louise to Durek Verrett, an American spiritual healer and self-professed shaman, is mired in controversy and criticism. The wedding has intensified scrutiny and criticism of the views — and associated businesses — pedaled by the princess and the shaman. And it has added to a growing tone of dissatisfaction with the historically popular Norwegian royals.

Persons: Martha Louise, Princess Ingrid Alexandra, Princess Märtha Louise, Durek, Märtha Louise, Norway's, King Harald, Queen Sonja, Prince Haakon, Mette, Marit, Verrett Organizations: Hollywood, UNESCO, Heritage, Netflix Locations: Oslo, Norwegian, American, California, Verrett, Geiranger

☆ World's largest sovereign wealth fund posts $138 billion in first-half profit as AI demand boosts tech
▼ + stars: | 2024-08-14 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +2 min

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 world's largest sovereign wealth fund — said it had a value of 17.75 trillion kroner at the end of June. Norway's sovereign wealth fund said its equity portfolio posted a return of 12.5% through the first half of the year, while its fixed income and unlisted real estate portfolios incurred marginal losses. It said higher capital costs had adversely affected the value of investments in the period from January to June. One of the world's largest investors, Norway's sovereign wealth fund was established in the 1990s to invest the surplus revenues of the country's oil and gas sector.

Persons: —, Nicolai Tangen, Tangen, NBIM's Tangen Organizations: Fund, Norges Bank Investment Management, Reuters

☆ I flew budget carrier Norse Atlantic Airways from Europe to New York. It's a great value if you follow strict bag rules.
▼ + stars: | 2024-08-13 | by ( Taylor Rains | ) www.businessinsider.com time to read: +1 min

Norse Atlantic Airways began its budget flights between Europe and the US in early 2021. I think Norse offers a better value than mainline carriers if you follow its strict bag rules. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . This story is available exclusively to Business Insider subscribers.

Persons: — Organizations: Atlantic Airways, Service, Boeing, WOW Air, Norwegian Air Shuttle, Business Locations: Europe

☆ Turn to these dividend growers as the Fed cuts rates
▼ + stars: | 2024-08-12 | by ( Michelle Fox | ) www.cnbc.com time to read: +4 min

As the Federal Reserve starts to cut interest rates, it makes sense that investors might turn to dividend stocks. In slow tightening cycles, fast dividend growers have outperformed slow growers and high yielders, the firm found in its analysis. The fastest growers are defined as the top 25% of the S & P 500 payers by trailing one-year dividend growth, while the slowest are the bottom 25%. We looked within the top 25% of S & P 500 dividend stocks by trailing one-year dividend growth. They also have a dividend yield of more than 2% and an upside of 10% or more to the average price target.

Persons: Ned Davis, Ed Clissold, Clissold, Prologis, SLB Organizations: Federal Reserve, Ned Davis Research, Ned, CNBC, CNBC Pro, Wall, Resorts, Equinix Locations: Real, Aker

☆ I’m a 30-year-old American living in Norway: 5 reasons ‘I’m so much happier’ here
▼ + stars: | 2024-08-03 | by ( Gabriella Mikiewicz | ) www.cnbc.com time to read: +8 min

There's a joke in Norway that people move here for two reasons: a job or love. I'm much happier in Norway. Better work-life balanceIn Norway, there's a big departure from the work-centric mentality that I'm used to in the U.S. Free time, family time and personal well-being are prioritized. For me, I think I'm still a bit governed by my American roots when it comes to work-life balance. Happiness in Norway is often less about feeling constant joy and more about taking care of myself and others.

Persons: I'm, I've, Gabriella Mikiewicz, it'll, it's Organizations: Intercultural Relations, U.S ., fireside Locations: Norway, Europe, U.S, Oslo, Lofoten, Gabriella Mikiewicz Norway, Chicago, there's, it's, Loen, panicking, Rjukan

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