DIRS.INFO The most relevant business & tech news

HONG KONG (AP) — Asian shares were mostly higher on Monday, with Tokyo extending its New Year rally, as China’s central bank kept its one-year policy loan interest rate unchanged. China’s central bank opted to keep its one-year policy loan interest rate at 2.5% on Monday while injecting funds into the financial system. Traders are largely betting on the Fed cutting its main interest rate six or more times through 2024. The airline and other travel-related companies were also hurt by a rise in oil prices, which put pressure on their fuel costs. A barrel of benchmark U.S. crude oil rose 10 cents to $72.78.

Persons: Zhaopeng Xing, Raymond Yeung, “, Ernie, Baidu, Lai Ching, Lai, Taiwan’s Taiex, Australia’s, It's, Yemen’s Houthi, Brent Organizations: ANZ, Baidu, Democratic Progressive Party, Dow Jones, UnitedHealth Group, Nasdaq, Federal Reserve, Treasury, Traders, Fed, Delta Air Lines, United Airlines, Cruise Line Holdings, U.S Locations: HONG KONG, Tokyo, Hong Kong, Shanghai, South Korea, China, Taiwan

☆ A luxury six-month world cruise that sold out in 30 minutes has set sail — see how it compares to Royal Caribbean's Ultimate World Cruise
▼ + stars: | 2024-01-15 | by ( Brittany Chang | ) www.businessinsider.com time to read: +3 min

Oceania Cruises' six-month world cruise set sail on January 14. Royal Caribbean's competing nine-month world cruise started at $222 per day versus $270 for Oceania's. Related storiesOceania, which titles itself a "culinary and destination-focused cruise line ," is leaning into the second attribute for this itinerary. Oceania CruisesOver the last month, a competing global vacation has been receiving plenty of attention on TikTok: Royal Caribbean's nine-month Ultimate World Cruise . For seasick-prone travelers, the shorter 2024 world cruise was probably a better idea anyway.

Persons: Royal Caribbean's, — Organizations: Oceania Cruises, Royal, Service, Norwegian Cruise Line Holdings, Oceania Locations: Los Angeles, Hawaii, Islands, Australia, New Zealand, East, Southeast Asia, Europe, Canada, New York City, Yangon, Myanmar, Reykjavik, Iceland, Tokyo, Antarctica, South America

☆ Aleksander Aamodt Kilde: Norwegian skier ‘grateful’ for support after being airlifted to hospital following ‘brutal’ crash
▼ + stars: | 2024-01-14 | by ( Ben Church | ) edition.cnn.com time to read: +1 min

CNN —Norwegian skier Aleksander Aamodt Kilde posted a picture from his hospital bed after suffering a “brutal” full-speed crash and being airlifted off the slopes during a World Cup downhill race in Switzerland. Medics rushed to Kilde, the 2020 overall World Cup champion, before he was airlifted to hospital by helicopter, according to Reuters. On Sunday, Kilde posted a picture of himself in hospital with cuts to his face alongside his partner, ski legend Mikaela Shiffrin. “I’m here (and being taken care of by the one and only Mikaela Shiffrin),” he wrote on X, formerly known as Twitter. “The best pain killer,” Pinturault wrote on X, posting a picture of him with his new-born baby.

Persons: Aleksander Aamodt Kilde, Kilde, Mikaela Shiffrin, “, ”, ” Kilde, Alain Grosclaude, Marco Odermatt, ” Odermatt, Alexis Pinturault, ” Pinturault Organizations: CNN, Reuters, French Ski Federation Locations: Switzerland, Wengen, Kilde

BERN, Switzerland (AP) — Downhill racer Aleksander Aamodt Kilde dislocated his shoulder in a nasty crash and posted a photograph Sunday with partner Mikaela Shiffrin at his bedside in a hospital in Bern where he had surgery. He's the two-time defending champion in the season-long downhill standings and a two-time medalist at the 2022 Beijing Olympics. It was the third straight day of racing on an unusually intense program at Switzerland’s most storied ski venue. The race program was criticized Saturday by star downhillers Marco Odermatt and Cyprien Sarrazin after organizers scheduled speed races on back-to-back-to-back days on an historically long course. An extra downhill on Thursday was added to the Wengen program to replace a race canceled last month because of the weather at Beaver Creek, Colorado.

Persons: Aleksander Aamodt Kilde, Mikaela Shiffrin, Kilde, ” Kilde, Shiffrin, “ Aleksander, Marc Jacob Strauss, downhillers Marco Odermatt, Cyprien, ”, Odermatt, “, Sarrazin, ___ Organizations: American, International, Snowboard Federation Locations: BERN, Switzerland, Bern, Austria, Swiss, Wengen, Beijing, Norwegian, Creek , Colorado

☆ I went on Norwegian's newest luxury and ultra-luxury ships targeting wealthy travelers — see how a $685 per night cruise compares to a $210 per night one
▼ + stars: | 2024-01-14 | by ( Brittany Chang | ) www.businessinsider.com time to read: +10 min

AdvertisementWhen you think of Norwegian Cruise Line Holdings, you probably think of its giant amusement park-like cruise ships with 10-story-tall slides, go-kart tracks, and many families. Its newest Oceania Vista ship, which debuted in May 2023, is at the higher end of the range with a 1,200-guest capacity. Regent Seven Seas Cruises — the true ultra-luxury optionThe Seven Seas Grandeur's pool was surrounded by several hot tubs. And both vessels — built without loud water slides or arcades — exude a feeling of peace and quiet not often experienced throughout larger family-friendly cruise ships . Brittany Chang/Business InsiderNCLH's mass-market eponymous brand still has more ships in its fleet than Regent Seven Seas and Oceania combined.

Persons: —, NCLH, Brittany Chang, Hermes Birkin, Bulgari, Jacques Pépin, isn't, — they're, I've, Pablo Picasso, Mark Kempa Organizations: Cruise Line Holdings, Regent Seven Seas, Regent Seven, Service, Norwegian Cruise Line Holdings, Norwegian Cruise, Mexico itineraries, Business, Oceania, Culinary Arts, Regent Locations: Oceania, Norwegian, Africa, Asia, Caribbean, Mexico, Greece, Italy, Spain, Turkey, New York City, Oceania Vista, Brittany, French, France, Nicaragua, Regent Seven Seas

☆ Dollar pares gains on soft U.S. inflation data
▼ + stars: | 2024-01-12 | by ( ) www.cnbc.com time to read: +3 min

The dollar index pared gains on Friday after U.S. producer prices unexpectedly fell in December, raising expectations of an early U.S. rate cut. That led traders to add to bets for a rate cut in the coming months. Fed funds futures now imply a 79% chance of a March rate cut, up from 73% on Thursday, according to the CME Group's FedWatch Tool. Traders maintained their view that a March rate cut is likely even after consumer price inflation data on Thursday came in above economists' expectations. The dollar index was last up 0.19% at 102.40.

Persons: Steve Englander, Englander, Martin Luther King Jr, Sterling, bitcoin Organizations: U.S, British, Global, Research, Standard Chartered Bank, Branch, Traders, U.S . Securities, Exchange Commission, Wednesday Locations: Yichang, Hubei province, U.S, Yemen, America, Zealand, Iran, Red, Gaza

Here’s what else you should know about the ICJ and South Africa’s case against Israel. For the case brought by South Africa, the panel will also be expanded to include one judge from South Africa and one from Israel. Does South Africa’s Genocide Case Against Israel Matter? How Is Israel Responding to the Genocide Charges by South Africa? Israeli officials have denied the allegations in the strongest possible terms, and even vigorously attacked South Africa for bringing the charges.

Persons: –, ”, Benjamin Netanyahu, what’s, France –, Joan Donoghue, “, Sarang Shidore, Al Jazeera, Eylon Levy, Netanyahu, it’s, Biden, Antony Blinken, Israel – Hamas, Iran –, William Schabas, Malcolm Shaw, Long Organizations: International Court of Justice, United, Israel, United Nations, Court, International Justice, General Assembly, Security, ICC, Criminal Court, Central American, Nicaraguan, Security Council, Fisheries, Embassy, South, Biden Administration, Global, Quincy Institute, Middlesex University, New York Times Locations: Israel – South Africa, Israel, Gaza, Africa, United Nations, The Hague, Netherlands, U.S, Russia, China, France, Slovakia, Lebanon, Brazil, Somalia, South Africa, Nicaragua, Nicaragua’s, Norway, Iran, Canada, Syria, Washington, United States, United, Ukraine, The State, Hague, ” U.S, Ireland, Guatemala, Hungary, British

☆ The new architecture set to shape the world in 2024
▼ + stars: | 2024-01-10 | by ( Oscar Holland | ) edition.cnn.com time to read: +11 min

Kéré’s Berlin-based firm says the building’s top-heavy appearance was inspired by the palaver tree, which traditionally served as a meeting place. Designed for developer s2e Technologies by US architecture firm Gensler, the four circular residential structures can accommodate a combined 84 households. But it is perhaps Bjarke Ingels, founder of Danish design firm BIG, that has had the greatest impact on the city’s once modest skyline. The first restored sections are set to be ready in time for this summer’s Paris Olympics. Norwegian architecture firm Snøhetta and local practice Blight Rayner — who together beat more than 20 entries in an international competition — say that the design was inspired by the flow of the Brisbane River.

Persons: David Chipperfield, Francis Kéré, Kéré, China Stefano Boeri, Bosco, Stefano Boeri, Mestres Wåge, Nicolai Tangen, NBBJ, Dror, EPIQ, Ecuador Uribe Schwarzkopf, Bjarke, Moshe Safdie, Jean Nouvel, Ma Yansong, Ingels, France Chatillon Architectes, Notre Dame isn’t, Chatillon, Nikken Sekkei, ”, “, Blight Rayner —, Aunty Lilla Watson Organizations: CNN, superlatives, Malaysia’s, Benin National Assembly, Forest, Kunstsilo, Keppel South, Enclave, s2e Technologies, Bjarke Ingels, BIG, UNESCO, Heritage, Notre Dame, Palais, Beaux -, Chatillon Architects, UAE Kerzner, United, “ Michelin, New York Times, Gang, Queensland Performing Arts Centre, Queensland Performing Arts Locations: India, Benin, Porto, Novo, Burkina Faso, Kéré’s Berlin, Nanjing, China, Milan, Italy, Europe, China’s, Kristiansand, Norway, Norwegian, Keppel, Keppel South Central, Singapore, London, Canada, London , Ontario, Quito, Ecuador, Bjarke Ingels Quito, Parque La Carolina, Paris, France, Dubai, UAE, United Arab Emirates, Hotel, Denver, USA, Denver , Colorado, Urban, Brisbane, Australia, Australian

☆ Norway poised to open vast ocean area to controversial deep-sea mining
▼ + stars: | 2024-01-09 | by ( Sam Meredith | ) www.cnbc.com time to read: +3 min

Activists take part at a "Look Down action" rally to stop deep sea mining outside the European Parliament in Brussels on March 6, 2023. In a parliamentary vote on Tuesday, lawmakers in the northern European country are expected to approve the government's proposal to open Norwegian waters for commercial-scale deep-sea mining. Critics say deep-sea mining is "extremely destructive," while scientists warn the full environmental impacts are hard to predict. Ocean Rebellions protest The Deep Sea Says No Why the deep sea? (Photo by Charles M. Vella/SOPA Images/LightRocket via Getty Images) Sopa Images | Lightrocket | Getty Images

Persons: Kenzo TRIBOUILLARD, KENZO TRIBOUILLARD, Kenzo Tribouillard, What's, Luciana, Charles M Organizations: Getty, Afp, Environmental Justice Foundation, European Commission, SOUTH Locations: Brussels, AFP, Norway, Svalbard, ROTTERDAM, SOUTH HOLLAND, NETHERLANDS

☆ Norway is gearing up to mine precious metals from the depths of its ocean in a world first
▼ + stars: | 2024-01-09 | by ( Marianne Guenot | ) www.businessinsider.com time to read: +4 min

Norway is set to become the first country to move forward with deep-sea mining in its waters. Industry experts don't expect deep-sea mining to start before at least the early 2030s. It could open 108,000 square miles of Norway's national waters to commercial deep-sea mining, per the BBC. AdvertisementThe industry would seek to collect rare minerals like lithium, scandium, and cobalt from nodules and crust found on the ocean floors. AdvertisementThere are very few places in the world where these rare minerals can be found on the surface.

Persons: —, Energy Terje Aasland, Walter Sognnes, Lise Øvreås, Michael Norton, Odd Kristian Dahle Organizations: Service, BBC, Petroleum, Energy, Politico, European Union, Guardian, World Resources Institute, University of Bergen, EASAC, Association of Norwegian Fishermen, Democratic Locations: Norway, Norwegian, Democratic Republic of Congo

☆ In Norway, I had the same teacher every year, which is called 'looping.' It's proven to benefit students.
▼ + stars: | 2024-01-05 | by ( Jessica Furseth | ) www.businessinsider.com time to read: +4 min

Reidun had been a teacher for a long time — I knew this because she'd once taught my mother. Our teacher stayed with us every year, a practice called 'looping'Reidun — as with all our teachers, we called her by her first name — was our "klasseforstander" or class principal. In third grade, we got a new teacher who taught us English one word at a time. Having your teacher follow you as you move through school is called "looping." Looping has been proven to help struggling studentsLooping is especially beneficial for students who struggle academically.

Persons: Å, Reidun, she'd, —, Beck, Paul Ivar, I'd Organizations: Service, Business, Norwegian, Research, Rockefeller Institute of Government, State University of New, University of Missouri, Vikings Locations: Norwegian, Norway, State University of New York, England

☆ Why America's Electric Car Push Isn't Working
▼ + stars: | 2024-01-03 | by ( Paris Marx | ) www.businessinsider.com time to read: +12 min

Electric vehicles were supposed to be inevitable. Auto execs who were once trumpeting the potential of electric cars are even publicly acknowledging that EVs aren't working . In September, 87% of new-vehicle sales were fully electric vehicles. Plus, heavier electric vehicles are harder on roads, produce more air pollution, and pose a greater safety risk for pedestrians. Time for a rethinkThe shift from gas-powered cars to electric vehicles is an opportunity to rethink how Americans get from place to place.

Persons: Joe Biden, Tesla, EVs —, EVs, Edward Niedermeyer, Niedermeyer, Ipsos, CarGurus, bode, Ketan Joshi, Joshi, Benjamin Sovacool, it's, Paris Marx Organizations: EV, Ford, General Motors, Honda, Auto execs, Industry, Tesla Motors, EVs, Cox Automotive, Strategic, Cox, Statistics Norway, Transportation Locations: Mexico, America, California, United States, Norway, Oslo, Norwegian, Paris

☆ Yemen's Houthi attacks Norwegian tanker after threat to target any Israel-bound ships
▼ + stars: | 2023-12-12 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +1 min

Yemen's Houthi militants on Tuesday claimed an attack against a Norwegian tanker, days after the group pledged to target Israel-bound ships of any nationality. The vessel Strinda was headed for Israel when it was "targeted with a suitable naval missile" after its crew "refused to respond to warning," Houthi spokesperson Yahya Saree said on social media on Tuesday. Centcom said that the Strinda reported damage that caused a fire on board, but no casualties. There were no U.S. ships in the vicinity at the time of the attack, but the country's destroyer class vessel, the USS Mason, responded to the Strinda's mayday call and rendered assistance, Centcom added. The vessel's Norwegian owner, Mowinckels Rederi, confirmed that the Strinda was hit by a missile and caught fire.

Persons: Yemen's, Houthi, Yahya Saree, Strinda, Centcom, Mason, Mowinckels Rederi Organizations: Tuesday, U.S . Central Command, Ship, CNBC Locations: Norwegian, Israel, Yemen, U.S, Malaysia, Italy, Gaza

COPENHAGEN, Denmark (AP) — Norway’s minority center-left government and two large opposition parties made a deal Tuesday to open the Arctic Ocean to seabed mineral exploration despite warnings by environmental groups that it would threaten the biodiversity of the vulnerable ecosystems in the area. Norway said in June it wanted to open parts of the Norwegian continental shelf for commercial deep sea mining in line with the country’s strategy to seek new economic opportunities and reduce its reliance on oil and gas. “This is a disaster for the sea,” said Frode Pleym, head of the local chapter of Greenpeace. According to the Norwegian Petroleum Directorate, there are sulphides and manganese crusts containing metals and minerals that are crucial for making batteries, wind turbines, PCs and mobile phones. The planned area is located southwest of the Arctic island of Svalbard.

Persons: —, ”, Frode Pleym, ” Martin Sveinssønn Melvær, –, Center Party –, NTB Organizations: Greenpeace, “, Norwegian Bellona, Labor, Center Party, Progress Party, Norwegian, Norwegian Petroleum Directorate, Ministry of Petroleum, Energy Locations: COPENHAGEN, Denmark, Norway, Norwegian, “ Norway, Hoeyre, Svalbard

☆ Premarket stocks: Shein and Reddit IPOs don’t herald a Wall Street boom. Here’s why
▼ + stars: | 2023-12-04 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +9 min

New York CNN —It’s been an exciting few weeks for the IPO market. People try to draw an analogy between the IPO market and a blocked pipe. That is one reason why the IPO market feels less stymied than it did 12 months ago. But if the current IPO market kicks off, it’s because of other macroeconomic factors. They’re going to very rapidly acquire customers and care much less about long term financial sustainability and climate and the environment.

Persons: New York CNN — It’s, Angela Lee, Bell, We’ve, Reddit, ‘ it’s, Shein, It’s, it’s, we’ve, Ben Minicucci, Eva Rothenberg, ”, Peter Ingram, Robin Hayes, Minicucci, “ We’ll, Anna Cooban, Svein Tore Holsether Organizations: CNN Business, Bell, New York CNN, Reuters, Microsoft, Wall Street, Columbia Business School, Federal Reserve, Alaska Air, Hawaiian Airlines, Sunday, Alaska Airlines, American Airlines, JetBlue Airways, Justice Department, District of Columbia, Spirit Airlines, Yara, CNN, International Maritime Organization Locations: New York, Reddit, Minicucci, Delta, Southwest, Norwegian, decarbonization

Britain's Labour Party Leader Keir Starmer attends television interviews on the final day of the party's annual conference in Liverpool, Britain, October 11, 2023. It is not unusual for opposition leaders to receive summit invitations, but COP28 is particularly resonant. Ireland's climate minister, Eamon Ryan, hailed Britain's climate leadership, but also said Sunak's reset of some measures had not gone down well when the news was reported while he was in New York for the U.N. General Assembly. Britain's development minister Andrew Mitchell, at COP28, told Reuters what Sunak did "was very good government". But the Conservatives' former finance minister George Osborne questioned whether Sunak had been angered that Kitsotakis had met Starmer before him.

Persons: Keir Starmer, Phil Noble, Starmer, King, Jordan, John Kerry, General Antonio Guterres, Rishi Sunak, COP28, Sunak, Espen Barth Eide, Eamon Ryan, Andrew Mitchell, we're, Kyriakos, Sunak's, George Osborne, Kitsotakis, Elizabeth Piper, Kate Abnett, Barbara Lewis Organizations: Britain's Labour, REUTERS, Labour Party, UN, Labour, General, Reuters, Greek, Elgin, British, Conservatives, Thomson Locations: Liverpool, Britain, DUBAI, Dubai, Israel, Gaza, Qatar, Brazil, London, COP28, Norwegian, New York

REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsDec 4 (Reuters) - Caterpillar (CAT.N) is investing in recycling technology developer Nth Cycle as part of a push to boost the reuse of metals used to make batteries and construction equipment. "The beauty of our system is that it's truly modular," Megan O'Connor, Nth Cycle's co-founder and CEO, said in an interview. Texas-based Caterpillar, which makes heavy machinery emblazoned with its iconic yellow paint, said Nth's Cycle's technology can "help get valuable materials" back into circulation. "Caterpillar's collaboration with Nth Cycle supports our commitment to helping our customers achieve their climate-related objectives and establishing a circular value chain," said Rod Shurman, Caterpillar's senior vice president of electrification and energy solutions, in a statement released by Nth Cycle. Equinor had invested in Nth Cycle's last funding round, announced in 2022.

Persons: Brendan McDermid, Megan O'Connor, Nth's, Rod Shurman, Caterpillar's, Equinor, Ernest Scheyder, Kirsten Donovan Organizations: Caterpillar, REUTERS, Earth Ventures, Thomson Locations: Harbor, Brooklyn , New York, U.S, Massachusetts, Ohio, Texas

☆ My family of 4 took a 7-hour train ride across Norway for $283. The incredible views weren't even the best part.
▼ + stars: | 2023-12-03 | by ( Megan Harrington | ) www.businessinsider.com time to read: +5 min

On the morning of our train ride, we simply walked over to the station and arrived at the platform about 30 minutes before boarding. The family car was great for keeping the kids entertainedThe kids loved playing in the family car. The incredible views made the 7-hour trip fly byThe whole family appreciated the views from the train. Megan HarringtonAfter about seven hours on the rails, we pulled into Oslo's central train station and bid farewell to the family car. Whether you're traveling with family or want to experience breathtaking views, the Bergen Line train is a fantastic option.

Persons: —, Megan Harrington, they've Organizations: Service Locations: Norway, Bergen, Scandinavia, Norway's, Oslo, Europe, Finse

☆ What the Scale of Displacement in Gaza Looks Like
▼ + stars: | 2023-12-02 | by ( Zach Levitt | Amy Schoenfeld Walker | ) www.nytimes.com time to read: +7 min

That number is expected to rise after Israel issued a new evacuation order on Saturday for areas in the south. WEST BANK North Gaza GAZA STRIP Israel Mediterranean Sea Gaza 75,000 Area of initial evacuation order 5,000 Deir al Balah Number of people Khan Younis Area of Dec. 2 evacuation order ISRAEL GAZA STRIP Rafah EGYPT 5 mi. North Gaza WEST BANK GAZA STRIP Area of initial evacuation order Israel Mediterranean Sea Gaza 75,000 Deir al Balah 5,000 Number of people Khan Younis Area of Dec. 2 evacuation order GAZA STRIP ISRAEL Rafah 5 mi. Schools that have sheltered displaced people and have been damaged Minor Moderate Major damage WEST BANK North Gaza GAZA STRIP Israel Area of initial evacuation order Gaza Mediterranean Sea Deir al Balah Area of Dec. 2 evacuation order Khan Younis ISRAEL GAZA STRIP Rafah EGYPT 5 mi. North Gaza WEST BANK GAZA STRIP Mediterranean Sea Israel Area of initial evacuation order Gaza Deir al Balah ISRAEL Khan Younis Area of Dec. 2 evacuation order GAZA STRIP Rafah 5 mi.

Persons: Salah al, ”, Yousef Hammash, Khan Younis, Ahmad Hasaballah, Samar Abu Elouf, al Balah ISRAEL, Mr, Hammash, “, North Gaza Gaza Deir al Balah Khan Younis, Deir al Balah, Mohammed Salem, Omar El Organizations: Din, Maxar Technologies, Israel, United Nations Office, Humanitarian Affairs, United Nations, WEST BANK, “, Norwegian Refugee Council, The New York Times, UNICEF, World Health Organization, Reuters, Agence France Locations: Gaza City, GAZA, Israel, Gaza, WEST, Gaza GAZA, ISRAEL GAZA, Rafah EGYPT, Deir al, ISRAEL Rafah, EGYPT, United, Samar, Gaza’s, al Balah, Khan Younis ISRAEL GAZA, al, al Balah ISRAEL Khan, North Gaza, North Gaza Gaza Deir al, North Gaza Gaza Deir al Balah Khan Younis Rafah, Deir, Rafah, Omar

After a week of calm, Yousef Hammash woke up in the southern Gaza city of Rafah on Friday to the booming sounds of explosions. The truce also allowed for a larger number of deliveries of humanitarian aid and fuel to Gaza than in previous weeks of the war. Israeli and Hamas officials said the deal collapsed because they could not agree on additional exchanges of hostages and Palestinian prisoners and detainees. The latest phase of Israel’s campaign against Gaza is expected to target the southern half of the region, where many Palestinians have sought safety. Sameer al-Jarrah, 67, has been living in Al Qarara since the war began on Oct. 7, following the devastating Hamas-led attacks on Israel launched from Gaza.

Persons: Yousef Hammash, Mr, Hammash, pummeled, Khan Younis, Mahmoud el, Carolin, Khaldi, ” Mr, Al Qarara, Sameer al, ”, “, I’ll, Hessi Organizations: Norwegian Refugee Council Locations: Gaza, Rafah, Norwegian, Israel, Oslo, Khan, Egypt, Gaza City, Al Qarara, ”

☆ Tiger Woods improves on day two of his long-awaited return to golf
▼ + stars: | 2023-12-02 | by ( David Close | Thomas Schlachter | ) edition.cnn.com time to read: +1 min

CNN —Tiger Woods had a much improved second round at the Hero World Challenge on Friday, shooting a two-under-par 70 as he continued on his golfing comeback. Woods, making his highly anticipated return to golf after a lengthy layoff, got off to a brilliant start on day two and looked to be flying up the leaderboard. However, like the first round, Woods stumbled towards the back end of his 18 with three bogeys before closing it out with a birdie on the final hole. The 15-time major winner ended the day on one-over par after his second round and in 15th on the leaderboard. “Better than yesterday for sure,” Woods said after his improved showing on day two.

Persons: Tiger Woods, Woods, ” Woods, “, would’ve, haven’t, Viktor Hovland, Scottie Scheffler, Jordan Spieth Organizations: CNN

☆ Norway sovereign wealth fund to co-lead class action in SVB bankruptcy
▼ + stars: | 2023-12-01 | by ( ) www.reuters.com time to read: +1 min

Silicon Valley Bank (SVB) logo is seen through broken glass in this picture illustration taken March 16, 2023. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsOSLO, Dec 1 (Reuters) - Norway's $1.5 trillion sovereign wealth fund, the world's largest, said on Friday it has been appointed by a U.S. court to co-lead an ongoing U.S. securities class action relating to the now-bankrupt Silicon Valley Bank (SVB). The Norwegian fund said the SVB case raised significant concerns regarding the integrity of the public markets, the governance of large financial institutions and the interests of the investor community more broadly. It held a 1% stake in SVB at the end of 2022, valued at $137.9 million, according to data on the fund's website. The other co-lead plaintiff in the class action is Swedish pension fund Sjunde AP-fonden (AP7), the Norwegian fund said.

Persons: Dado Ruvic, Nicolai Tangen, Nerijus Adomaitis, Jane Merriman, Kirsten Donovan Organizations: Bank, REUTERS, Rights, fund's, Thomson Locations: Rights OSLO, U.S, SVB, Swedish

☆ The world may be close to getting its first cargo ship that emits almost no carbon dioxide
▼ + stars: | 2023-12-01 | by ( Anna Cooban | ) edition.cnn.com time to read: +4 min

According to the International Maritime Organization, shipping accounts for close to 3% of global annual emissions of CO2 and other greenhouse gases. Yara International, one of the world’s biggest fertilizer makers, has joined forces with its subsidiary Yara Clean Ammonia and Norway’s North Sea Container Line to work on the ship, which will transport goods between Norway and Germany. However, Yara Clean Ammonia plans to provide a mix of “blue” and “green” ammonia for the Yara Eyde. In “blue” ammonia production, CO2 emissions are captured at the source and stored underground, while “green” ammonia is made using renewable electricity. In August last year, the company said it would launch the first carbon-neutral vessel by the first quarter of 2024.

Persons: Svein Tore Holsether, ”, Norway Victoria, It’s, Faïg Abbasov Organizations: London CNN, Yara, CNN, International Maritime Organization, International Energy Agency, Norway Victoria Klesty, Transport & Environment, Maersk Locations: Norwegian, decarbonization, Norway, Germany, Porsgunn, Brussels

☆ TikTok takes first steps in turning on Norwegian data centre
▼ + stars: | 2023-11-30 | by ( Victoria Klesty | ) www.reuters.com time to read: +2 min

The company, owned by China-headquartered Bytedance, has been trying to address concerns over whether the Chinese government could access the data of European citizens who use TikTok. Several countries, the European Parliament, European Commission and others have banned TikTok from staff phones due to those concerns. TikTok in March launched a data security regime called Project Clover to build data centres and store European user data locally. The Norwegian data centre will be in the town of Hamar where TikTok will store data spread over three buildings and the first phase will start operating from next summer. The Norway data centre will run completely on renewable energy and generate heat that could be re-used.

Persons: Dado Ruvic, we're, Theo Bertram, TikTok's, TikTok, Bertram, Supantha Mukherjee, Jane Merriman Organizations: REUTERS, Green, European Commission, Reuters, British, NCC, Thomson Locations: HAMAR, Norway, Europe, China, Norwegian, Hamar, TikTok, Victoria, Stockholm

☆ We want to prove it is possible to decarbonize shipping, CEO of fertilizer firm Yara says
▼ + stars: | 2023-11-30 | 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 EmailWe want to prove it is possible to decarbonize shipping, CEO of fertilizer firm Yara saysSvein Tore Holsether, CEO of Norwegian fertilizer company Yara, discusses the benefits and potential of its pledge to deliver the first-ever clean ammonia ship.

Persons: Yara, Svein Tore Holsether

Search resuls for: "Norwegian"

25 mentions found