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CNN —Spectacular snow-capped mountain views, aquamarine water stretching out below and sheer, sheer cliff. The towering Hornelen mountain on the western coast of Norway is now open to adrenaline-seekers with the nerves of steel needed to tackle its new via ferrata climbing route. Via ferrata directly translates from Italian to English as “iron path” – it’s a term used to describe mountain climbing routes that use steel cables and fixed ladders to aid climbers. Hornelan mountain is 860 meters (2,820 feet) high and is claimed by tourism board Fjord Norway as the tallest sea cliff in Europe. The new climbing route is van Oorschot’s vision – he’s been working on the project for nine years.
Persons: ” Rogier van Oorschot, Construction, Van Oorschot, King Olaf I of Norway, Kristoffer B, Fürstenberg, , van Oorschot Organizations: CNN, CNN Travel, ferrata, Ferrata, Norges, Eagle, Via Ferrata’s Locations: Norway, Europe, Norwegian, Bremangerlandet, Norway’s Nordfjord, Eagle
At the turn of the 20th century, the studio run by Norwegian photographers Bolette Berg and Marie Høeg had a secret second purpose. Preus Museum--Norwegian Museum of PhotographyIn the photos, Berg and Høeg dress up in womenswear and menswear, using props and painted backdrops to set their irreverent scenes. Preus Museum--Norwegian Museum of PhotographyOne of Berg & Høeg's most recognized images is often misidentified as a self-portrait of the pair. Preus Museum--Norwegian Museum of Photography“I see them as businesswomen,” Aasbo explained. Altogether, there are now around 700 known negatives of Berg & Høeg’s work, some 80 of which chronicled their “private” lives.
Persons: Bolette Berg, Marie Høeg, visite, Høeg, Berg, Leif Preus, Kristin Aasbo, Preus, , ” Aasbo, , Høeg’s, It’s, , “ Marie, Høeg's, Ingeborg, Karl, it’s, Thorvald, August, Aasbo Organizations: Preus, Museum, Photography, Museum of, Berg Locations: Norwegian, Horten, Norway, womenswear, Madrid, Berg, Langesund, Finland, Nannestad, , , Oslo, Lunner, Europe, Chicago
KABUL, June 23 (Reuters) - Taliban authorities in Afghanistan's Kandahar province ordered female aid workers this week to stop work on a refugee project, according to an official letter, reinforcing rules against women working despite exemptions sought by some organisations. The letter underscored the uncertainty of the operating environment in Afghanistan for aid agencies who say they intend to stay and deliver aid during a humanitarian crisis but seek exemptions to let female staff work, to reach female beneficiaries and avoid breaching UN charter principles. The Taliban administration signalled in January it would work on a set of written guidelines that could allow aid groups to operate with female staff in some cases, but it has not yet done so. The Norwegian Refugee Council, an international NGO, in May said it had received exemptions for many of its operations in Kandahar and was resuming work with female staff. The Taliban's restrictions on women aid workers and access to education have been widely criticized by the international community.
Persons: Haibatullah Akhundzada, Charlotte Greenfield, Mohammad Yunus Yawar, Peter Graff Organizations: Reuters, Department of Refugees, United Nations, Norwegian Refugee Council, NRC, Diplomats, Thomson Locations: KABUL, Afghanistan's Kandahar, Kandahar, Spin, Pakistan, Afghanistan, United States
A top portfolio manager there just revealed how it's using AI to generate superior returns. The fund is using AI to move more slowly and trade less, rather than the reverse. Wall Street firms are racing to use AI, hoping the technology can help it move quicker, save costs, and gain an edge. On the other side of the Atlantic, the investment giant Norges Bank Investment Management is using AI to slow down. But Strand's team is able to use the AI tool to decide on the timing of each buy, prioritizing buying the stocks in green, and buying the stocks in red a little bit later.
Persons: Jon Egil Strand, we're, NBIM Organizations: Norges Bank Investment Management, Wall, Equity Locations: Norwegian
The deal fits the Italian group's plan to increase the share of gas in its total hydrocarbon production and is expected to boost its earnings immediately, Eni said in a statement. Eni, which is controlled by the Italian government, owns 63% of Vaar and is the main beneficiary of cash dividends from the Oslo-listed unit. VAAR EXPANDING IN NORWAYUnder the agreement, Eni will acquire Neptune's entire portfolio other than its operations in Germany and Norway. The German operations will be carved out prior to the Eni transaction and the Norwegian operations will be acquired by Vaar directly from Neptune in a separate deal, the two groups said in a statement. The Vaar transaction will close immediately prior to the Eni deal with the proceeds from the Norway sale remaining with the business purchased by the Italian group.
Persons: Italy's Eni, Eni, Claudio Descalzi, Descalzi, Vaar, Torger Roed, Rothschild, Ernst, Young, Shadia Nasralla, Terje Solsvik, Alvise Armellini, Jason Neely, Simon Cameron, Moore, Philippa Fletcher Organizations: Eni, MILAN, Italy's, Neptune Energy, Vaar Energy, LNG, Eni's Gas, Royal Bank of Canada's, Neptune, China Investment Corporation, Carlyle Group, CVC Capital Partners, HSBC, White, Case, Thomson Locations: Europe, Algeria, Indonesia, Milan, Russia, Oslo, Norway, Vaar, NORWAY, Germany, Norwegian, Neptune, Neptune Norway, Italian, Britain, Netherlands, LNG, London
The BoE's Monetary Policy Committee (MPC) voted 7-2 to raise its main interest rate to 5% from 4.5%, its highest since 2008 and its largest rate increase since February. SWISS FRANCThe Swiss franc fell after the Swiss National Bank (SNB) hiked its benchmark interest rate by 25 basis points to 1.75%, defying some market expectations of a bigger increase. However, economists polled by Reuters had expected the SNB to hike rates by 25 bps. The Swiss franc fell 0.15% to 0.8942 against the dollar, moving away from a six-week high it touched last week. In an attempt to curb inflation, Norges Bank raised interest rates to 3.75%, sending the crown more than 1% higher both against the euro and dollar.
Persons: Dado Ruvic, BoE, Sterling, BOE, Paul Oberschneider, Alex Livingstone, Thomas Jordan, Thomas Gitzel, POWELL, Jerome Powell, Joice Alves, Alexander Smith, Conor Humphries Organizations: U.S, REUTERS, Norges Bank, Swiss, Bank of England, Swiss National Bank, MPC, Reuters, Hilltop Credit Partners, Trading, Titan Asset Management, SWISS, ECB, European Central Bank, Fed, Federal, Bank Group, bps, Bank, Capitol, The U.S, Thomson Locations: Norwegian, London, Liechtenstein, NORWEGIAN, The, Asia, Hong Kong, China
Norway central bank raises rate to 15-year high, with more to come
  + stars: | 2023-06-22 | by ( ) www.cnbc.com   time to read: +2 min
The facade of Norway's central bank, also known as Norges Bank, in Oslo, Norway. The central bank predicted the policy rate would rise to 4.25% during the autumn. "If we do not raise the policy rate, prices and wages could continue to rise rapidly and inflation become entrenched," Norges Bank Governor Ida Wolden Bache said in a statement. "Today's hawkish decision shows that Norges Bank means business and is concerned about inflation becoming entrenched," analysts at Nordea said in a note to clients. The hike raises the policy rate to its highest level since the outbreak of the global financial crisis of 2008.
Persons: Norges Bank Governor Ida Wolden Bache, Nordea Organizations: Norges Bank, Reuters, Norges Bank Governor, Bank, European Central Bank, U.S . Federal Reserve Locations: Oslo, Norway, Norway's, U.S
Amazon intentionally made it harder to cancel Prime memberships with a project code-named "Iliad." The FTC sued Amazon on Wednesday, alleging the company made it more difficult for consumers to cancel Prime subscriptions. Amazon intentionally drew out the process of canceling a Prime membership under a project code-named "Iliad," according to internal documents obtained by Insider. "Customer transparency and trust are top priorities for us," Jamil Ghani, vice president of Amazon Prime, said in a statement. Starting February 18, Amazon's annual Prime membership fee increased from $119 to $139, and the monthly fees increased from $13 to $15.
Persons: Jamil Ghani, Hannah Towey Organizations: FTC, Amazon, Federal Trade Commission, Norwegian Consumer Council
The target crusts contain copper, zinc and cobalt, as well as some rare-earth elements, according to the Norwegian Petroleum Directorate. A seabed nodule obtained during a Norwegian Petroleum Directorate expedition to the Mohns Ridge in the Norwegian Sea in 2020. Currently, deep-sea mining in international waters isn’t yet legal, but it is expected to become so this year. “To forge ahead and unleash deep-sea mining in the Arctic would be criminal. Companies including Maersk and Lockheed Martin have also been divesting their deep-sea mining investments.
Persons: , Terje Aasland, Aasland, Nag, Louisa Casson, Lockheed Martin, Yusuf Khan Organizations: Sustainable Business, Clarion, Minerals, Norwegian Petroleum Directorate, Norway’s, Petroleum, Energy, NPD, International, Companies, Mining, Greenpeace International, Maersk, Lockheed Locations: Norwegian, Europe, Zone, Mexico, Hawaii, Norway, Jamaica, France, Germany, Clarion, yusuf.khan
The target crusts contain copper, zinc and cobalt, as well as some rare-earth elements, according to the Norwegian Petroleum Directorate. A seabed nodule obtained during a Norwegian Petroleum Directorate expedition to the Mohns Ridge in the Norwegian Sea in 2020. Currently, deep-sea mining in international waters isn’t yet legal, but it is expected to become so this year. “To forge ahead and unleash deep-sea mining in the Arctic would be criminal. Companies including Maersk and Lockheed Martin have also been divesting their deep-sea mining investments.
Persons: , Terje Aasland, Aasland, Nag, Louisa Casson, Lockheed Martin, Yusuf Khan Organizations: Sustainable Business, Clarion, Minerals, Norwegian Petroleum Directorate, Norway’s, Petroleum, Energy, NPD, International, Companies, Mining, Greenpeace International, Maersk, Lockheed Locations: Norwegian, Europe, Zone, Mexico, Hawaii, Norway, Jamaica, France, Germany, Clarion, yusuf.khan
A rare pod of orcas washed up dead on a beach in Chile late last year, according to LiveScience. It was only the second time in recorded history the Type D orcas had been found stranded. It's the first mass stranding of these killer whales in 67 years and only the second event of its kind in recorded history, according to LiveScience. Type D orcas have one of the highest levels of inbreeding of any mammalLittle is known about Type D orcas, since they tend to live in especially turbulent and rough seas in the Southern Pacific where few boats venture. The researchers found an almost identical genetic code between Type D orcas in Chile and the skeleton of a Type D that was beached in New Zealand.
Persons: , Robert Pitman, LiveScience, Pitman, Andrew Foote of Organizations: Service, Oregon State University, Norwegian Institute of Science, Technology, National Oceanic, Atmospheric Administration Locations: Chile, Gibraltar, Spain, New Zealand, Southern Pacific
Major central banks not done with rate hikes just yet
  + stars: | 2023-06-15 | by ( ) www.reuters.com   time to read: +6 min
[1/2] A view shows the logo of the European Central Bank (ECB) outside its headquarters in Frankfurt, Germany March 16, 2023. Fed policymakers paused on its rate hikes since March 2022, and kept the federal funds target rate unchanged at 5.25%, its highest level since August 2007. Reuters Graphics5) AUSTRALIAAustralia's central bank raised its benchmark rate by a quarter-point on June 6 to an 11-year high of 4.1%. It expects inflation to stay above its 2% target through 2025 and hinted at more rate hikes ahead. Reuters Graphics10) JAPANThe Bank of Japan remains the world's most dovish major central bank under new Governor Kazuo Ueda.
Persons: Heiko Becker, Jerome Powell, BoE, Christine Lagarde, Thomas Jordan, Kazuo Ueda, Samuel Indyk, Nell Mackenzie, Alun John, Naomi Rovnick, Harry Robertson, Chiara Elisei, Vincent Flasseur, Sumanta Sen, Pasit, Dhara Ransinghe, Jonathan Oatis Organizations: European Central Bank, REUTERS, Heiko Becker LONDON, U.S . Federal Reserve, Bank of England, Reuters, Reserve Bank of New, UNITED, Fed, Bank of Canada, BRITAIN, Bank of, ECB, Norges Bank, Reuters Graphics Reuters, Swiss National Bank, Bank of Japan, Thomson Locations: Frankfurt, Germany, Canada, Japan, dovish, Reserve Bank of New Zealand, U.S, Bank of England, AUSTRALIA, SWEDEN, NORWAY, SWITZERLAND, JAPAN
Oreo-maker Mondelez faces Nordic backlash over Russia business
  + stars: | 2023-06-12 | by ( ) www.reuters.com   time to read: +2 min
OSLO, June 12 (Reuters) - Mondelez International (MDLZ.O), facing a widening corporate boycott in the Nordic region over its continued presence in Russia, said late on Sunday it had asked to meet with the Norwegian government to protect its local business. Airlines SAS and Norwegian Air, railway group SJ, hotel chain Strawberry, retailer Elkjop, shipping group Fjord Line and the Norwegian Football Association were among those announcing in recent days that they would stop selling Mondelez products. Although some Western companies sold their Russian assets after Moscow's invasion of Ukraine last year, others such as Mondelez have stayed despite pushback from employees in other countries. Nordic companies said their decision stop selling Mondelez products was based on an announcement this year by Ukraine's National Agency for the Prevention of Corruption to blacklist the snack maker and other groups. Mondelez said it maintained "limited" activity in Russia while halting investment and advertising, and had condemned the war.
Persons: Mondelez, Terje Solsvik, Gerry Doyle Organizations: Mondelez, Airlines SAS, Norwegian Air, SJ, Norwegian Football Association, Ukraine's National Agency for, Coop Norge, Thomson Locations: OSLO, Nordic, Russia, Norwegian, Norway, Sweden, Ukraine, U.S
PARIS, June 11 (Reuters) - Casper Ruud has now lost the three Grand Slam finals he has played, but the Norwegian believes he has earned something at the French Open this year - the respect of his peers. Ruud lost 7-6(1) 6-3 7-5 against Novak Djokovic in his second straight final at Roland Garros on Sunday as the Serbian claimed a record-breaking 23rd men's Grand Slam title. "Obviously anyone you play in a Grand Slam final is going to be a good player. I played very tough players, as you say," the 24-year-old Ruud said. Ruud, however, can look ahead with some confidence as his consistency is likely to give him another shot at a Grand Slam title.
Persons: Casper Ruud, Ruud, Novak Djokovic, Roland Garros, Rafael Nadal, Carlos Alcaraz, I've, Rafa, Carlos, Novak, Casper didn't, Djokovic, I'm, It's, Julien Pretot, Toby Davis Organizations: U.S, Thomson Locations: Norwegian, Serbian, New York
This was not only a night when City won its first Champions League. In beating three-time champion Inter, Pep Guardiola’s side became only the second English team to achieve the treble, winning the Premier League, FA Cup and Champions League in the same season. Rodri pictured scoring the winner which secured City the Champions League trophy. Manchester City has won the Premier League, FA Cup and Champions League this season. Will City dominate the Champions League like it has the Premier League?
Persons: Manchester City’s, Sheikh Mansour bin Zayed Al Nahyan, Pep, Alex Ferguson, Shaun Botterill, Bernardo Silva, Erling Haaland, André Onana, Nicolò Barella, Ederson, Rodri, Federico Dimarco’s, Romelu Lukaku, Catherine Ivill, Sheikh Mansour –, , ” Guardiola, Guardiola, , , Martin Rickett, Abu, Umit Bektas, Jack Grealish, I’ve Organizations: CNN, Manchester, Abu Dhabi United Group, Champions League, Inter Milan, City, Inter, Premier League, FA, Manchester United, City . Manchester City, League, Monaco, Tottenham, Real Madrid, BT Sport, Inter’s, Etihad, Reuters Locations: Istanbul, Europe, City . Manchester, Liverpool, Lyon, Chelsea, Manchester City, Abu Dhabi, Will City, Barcelona
PARIS, June 10 (Reuters) - Pressure will be immense on Sunday when Novak Djokovic faces Casper Ruud in the French Open final with a record-breaking 23rd men's Grand Slam title and his position in the pantheon of tennis at stake. In 2021, Djokovic was on the brink of completing a calendar slam -- winning all four majors in the same year -- but was beaten in straight sets in the final in New York by Daniil Medvedev. "You remember the U.S. Open final he had with Medvedev after beating me in the semis still. "I put myself in another really ideal position to win a Grand Slam," said Djokovic, who will also snatch the world number one spot from Spain's Alcaraz if he lifts the Musketeers Cup. With the fickle French Open crowd often backing the underdog, Djokovic might face a few jeers, but he could not care less.
Persons: Novak Djokovic, Casper Ruud, Roger Federer, Rafael Nadal, Djokovic, Philippe Chatrier, Ruud, Daniil Medvedev, Novak, Alexander Zverev, Medvedev, Carlos Alcaraz, ", It's, I'm, Julien Pretot, Clare Fallon Organizations: Djokovic, Thomson Locations: Serbian, New York, U.S, Norwegian
"The first set and the second set were really, really intense and I started to cramp in my arm. Djokovic will play in his 34th Grand Slam final, his seventh at Roland Garros where he has lifted the Musketeers' Cup twice, in 2016 and 2021. With Mike Tyson watching from the stands, both players traded punches and Djokovic was on the ropes in the second set, with Alcaraz playing several spectacular shots. "Towards the end of the second set he was the better player. He's going for Grand Slam number 23 and I'm going for my first, so there's a big difference."
Persons: Novak Djokovic, Carlos Alcaraz, Casper Ruud, Alexander Zverev, Alcaraz, Djokovic, It's, Roland Garros, Carlos, ", Mike Tyson, RUUD ROLLS, Ruud, Rafa Nadal, Novak, Julien Pretot, Shrivathsa Sridhar, Christian Radnedge Organizations: Djokovic, U.S, cramp, Musketeers, Thomson Locations: Paris
[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
CNN —Adventure cruise company Hurtigruten Norway today revealed plans for a zero-emissions electric cruise ship with retractable sails covered in solar panels, which is due to set sail in 2030. The zero-emissions ship's sails will retract so that the ship can pass under bridges, as shown here in a rendering. This has led to a new wave of designs for eco-friendly sailing vessels, from the transatlantic car carrier Oceanbird and various cargo ships with retractable sails, to Oceanco’s Black Pearl superyacht and Chantiers de Atlanique’s cruise ship with folding solid sails. Hurtigruten Norway has long touted sustainable shipping. In 2019, it launched the world’s first hybrid, battery-supported cruise ship and is currently in the process of converting the rest of its expedition fleet to hybrid battery power.
Persons: Hedda Felin, , Gerry Larsson, Fedde, Larsson, Pearl superyacht Organizations: CNN, Hurtigruten, International Maritime Organization, UN Locations: Norway, Norwegian, Oslo, Hurtigruten Norway,
"Danske Bank has during recent years made fundamental changes to refocus the bank, reduce our risk exposure, develop our organisation and accelerate our commercial momentum," said CEO Carsten Egeriis. Rival Nordic banks Nordea (NDAFI.HE) and DNB (DNB.OL) both have long-term ROE targets of more than 13%, while Swedbank (SWEDa.ST) has a goal of at least 15%. Danske Bank is Norway's third-biggest bank after DNB and Nordea with a market share of close to 5%, regulatory data shows. Danske also said it would double investments into the strategic development of the bank, including digital platforms, expert advisory services and sustainability. It plans to maintain its dividend payout ratio of between 40-60% of net profit.
Persons: Carsten Egeriis, Danske, JP Morgan, Nikolaj Skydsgaard, Terje Solsvik, Jason Neely Organizations: Bank, Danske Bank, Danske, Nordic, Thomson Locations: COPENHAGEN, United States, Denmark
The highly sociable whale first gained fame in 2019, when he showed up in northern Norway wearing a harness, embossed with “St. But Hvaldimir, whose name is a combination of “hval,” the Norwegian word for whale, and Vladimir, is different from other whales. Researchers said it was impossible to know for sure whether Hvaldimir had really been a spy whale, and no country has claimed him. Militaries have long used animals, including during the Cold War, when the Soviet Navy trained dolphins for military use. The U.S. Navy has trained beluga whales to perform recovery operations and to find underwater mines.
Persons: Hvaldimir Organizations: Soviet Navy, U.S . Navy Locations: Sweden, Norway, St, Petersburg, Vladimir
Haaland holds no fear for Man Utd, says Varane
  + stars: | 2023-06-02 | by ( ) www.reuters.com   time to read: +2 min
June 2 (Reuters) - Manchester United defender Raphael Varane said they do not fear Erling Haaland ahead of their FA Cup final showdown against Manchester City but acknowledged that their rivals pose a threat from every area of the pitch. The only team to have won the English tile, FA Cup and Champions League in the same season are United, who achieved the feat in 1999. Varane said nullifying playmaker Kevin De Bruyne would be key to stopping Haaland. De Bruyne finished the league season with 16 assists, half of which were for Haaland. As a defender, the connection (Haaland has) especially with De Bruyne - that kind of pass is complicated to defend, so we try to cut that connection.
Persons: Raphael Varane, Erling Haaland, Pep, Haaland, Varane, Kevin De Bruyne, De Bruyne, De, Erik, Rohith Nair, Peter Rutherford Organizations: Manchester United, FA, Manchester City, Premier League, Champions League, Inter Milan, United, Premier League Golden, League, Real Madrid, Thomson Locations: England, Norwegian, Bengaluru
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
Jack Nolan, 32, is a guitar player who lives and works on a Virgin Voyages cruise ship. He was starting his own cruise ship band and he asked me if I wanted to play guitar. Our drummer already knew the process of how to get a cruise ship gig, so he led the way. That's a really sweet part of being a full-time cruise ship musician, to save so much money. Jack Nolan makes $4,000 per month as a cruise ship musician, he told Insider.
Persons: Jack Nolan, Nolan, I'm, Valiant, Elvis, Etta James, Bruno Mars, It's, I've, we've, we're, Greece — it's, haven't, it's Organizations: Virgin, Morning, Celebrity, British, Kangaroos Locations: England, Australia, New Zealand, Norwegian, Greece, LA, California
PARIS, May 30 (Reuters) - Fourth seed Casper Ruud coasted into the French Open second round with a 6-4 6-3 6-2 victory over Swedish qualifier Elias Ymer on Tuesday to kick off his bid for a second straight final in Paris. Ymer was no match for the baseline power of the Norwegian world number four, who lost in the 2022 final to Rafael Nadal, an absentee this year. "Last year was one of the best tournaments of my life," Ruud said. "Last year was incredible for me and I will try to do it again wherever I play." He got his first break at 3-3 when Ymer sailed a forehand wide.
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