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Solskjaer has sympathy for under-pressure Ten Hag
  + stars: | 2023-09-20 | by ( ) www.reuters.com   time to read: +3 min
LONDON, Sept 20 (Reuters) - Former Manchester United manager Ole Gunnar Solskjaer said he sympathises with current incumbent Erik ten Hag who is under pressure after a poor start to the season. It's a dream job, but it's difficult," Solskjaer said in an interview with The Athletic. "It was a decision that was very difficult to turn down and I felt we had to take it, but it turned out wrong," Solskjaer said. Solskjaer never won a trophy as a coach at United, the closest being the 2021 Europa League final when they lost to Villarreal on penalties. His reign ended after a 4-1 drubbing at Watford nearly two years ago -- a performance Solskjaer said he knew would result in him losing his job.
Persons: Ole Gunnar Solskjaer, Erik ten Hag, Solskjaer, Alex Ferguson's, Jude Bellingham, Harry Kane, Declan Rice, Wayne, Rooney, Cristiano, Ronaldo, Evan Ferguson, Kane, Harry Maguire, Martyn Herman, Christian Radnedge Organizations: Manchester United, United, Premier League, Bayern Munich, Champions League, Old, The, Arsenal, Chelsea, Dortmund, Newcastle, Europa League, Villarreal, Watford, Thomson Locations: Old Trafford, COVID
New York CNN —Adidas CEO Bjørn Gulden said he doesn’t think Kanye West “meant what he said” when the rapper spewed antisemitic comments last year. “Very unfortunate, because I don’t think he meant what he said, and I don’t think he’s a bad person. His comments garnered global outrage and a few days later Adidas ended its nine-year business relationship with him. Prior to those comments, Adidas put the “partnership under review” after he wore a “White Lives Matter” T-shirt in public. It now expects to make a €450 million ($491 million) operating loss in 2023, a much better outcome than the €700 million ($764 million) loss it had forecast back in March.
Persons: Bjørn Gulden, , Ye, Gulden, ” Gulden, Adidas didn’t, West Organizations: New, New York CNN, Adidas, West, White, Ku Klux Klan, British, Manchester United Locations: New York, Norwegian
The Carnival Miracle cruise ship operated by Carnival Cruise Line is docked at Pier 27 in San Francisco, Sept. 30, 2022. Dell Technologies — Shares rose more than 1.2% after Daiwa Capital Markets upgraded the computer stock to outperform from market perform. The Wall Street firm hiked its price target to $80 per share from $50, implying roughly 16% upside from Monday's close. Super Micro Computer — The information technology stock added more than 2% after Barclays initiated coverage of Super Micro Computer on Tuesday with an overweight rating. The firm's $327 price target represents nearly 34% upside from Monday's close.
Persons: Truist, Deere, Cowen, shakeup, — CNBC's Michelle Fox, Hakyung Kim Organizations: Carnival Cruise, Royal Caribbean Group, Truist, Royal, Cruise Lines, Deere & Company, Starbucks, CVS Health, pharma, CVS, Dell Technologies, Daiwa, Markets, Barclays, Computer, JPMorgan Locations: San Francisco, Royal Caribbean, China
REUTERS/Zohra Bensemra/File Photo Acquire Licensing RightsNEW YORK, Sept 18 (Reuters) - The United States and Norway will pledge a total of $70 million on Monday to launch a fund, reported here for the first time, to help farmers and agricultural businesses in Africa, a U.S. Agency for International Development (USAID) spokesperson said. BY THE NUMBERSThe fund aims to reach a total of $200 million through additional contributions from donors and has the potential to benefit nearly 7.5 million people, the spokesperson said. USAID and Norway will each commit an initial $35 million. The fund has the potential to support 500 small- and medium-sized agricultural businesses, 1.5 million smallholder farmers and nearly 60,000 private sector jobs. The fund aims to spur hundreds of millions more dollars in commercial financing by reducing the risk of investing.
Persons: Mor Kabe, Zohra, Samantha Power, Power, Daphne Psaledakis, Howard Goller Organizations: REUTERS, U.S . Agency for International Development, USAID, of International, General Assembly, Reuters, Thomson Locations: Notto, Diama, Thies, Senegal, United States, Norway, Africa, Norwegian, Russia, China, Europe, West Africa
Karl Ove Knausgaard’s Novel for Our Precarious Times
  + stars: | 2023-09-16 | by ( Sven Birkerts | ) www.nytimes.com   time to read: +1 min
THE WOLVES OF ETERNITY, by Karl Ove Knausgaard. As the late Milan Kundera put it: “A novel does not assert anything; a novel searches and poses questions.” But in our manic and precarious times, fiction that conveys no sense of a world in upheaval can feel partial. With “The Wolves of Eternity,” the Norwegian distance runner Karl Ove Knausgaard brings us his second massive speculative novel in three years. Like its predecessor, “The Morning Star” (2020), the new novel comprises multiple narratives filtered through various characters. The first half of the novel, a section titled “Syvert,” is the anchor narrative.
Persons: Karl Ove Knausgaard, Martin Aitken, Milan Kundera, Marina Tsvetaeva, meanderings Organizations: THE, “ Wolves Locations: Milan, Norwegian, Russian, , Syvert
Industrial-scale whaling in the 19th and 20th centuries nearly drove many whale species into extinction. But it turns out that whaling’s effects on where whales live go back much deeper into human history. As early as 8,000 years ago, humans carved their attempts to capture whales into South Korean cliffs. More recently, medieval texts described the whaling preferences of Europeans. So he and his colleagues examined 719 pieces of whale bones collected at archaeological sites from Norway to Portugal.
Persons: Moby, Dick, , Ahab, Ishmael, van den Organizations: Royal Society Open Science, Norwegian University of Science, Technology Locations: Norway, Portugal
A general view of the Norwegian central bank, where Norway's sovereign wealth fund is situated, in Oslo, Norway, March 6, 2018. The fund also published a policy concerning the use of voluntary carbon credits, which it said companies could use in certain cases. "We believe companies should prioritise reducing own emissions but can use additional and verified credits as a supplement to signal high climate ambitions," it said. Carbon credits should not be counted towards science-based interim emission reduction targets, and companies must be transparent about the details of credits they use, it added. "Ultimately, carbon removals will be needed by many companies seeking to achieve net zero emissions by 2050," the fund said.
Persons: Gwladys, Carine Smith Ihenacho, Terje Solsvik, Essi Organizations: REUTERS, Companies Norges Bank, Thomson Locations: Norwegian, Oslo, Norway, OSLO
[1/5] People walk amidst the wreckage, in the aftermath of the floods in Derna, Libya September 15, 2023. "Bodies are littering the streets, washing back on shore and are buried under collapsed buildings and debris. Mohammad al-Qabisi, head of Derna's Wahda Hospital, said a field hospital was treating people with chronic illnesses needing regular attention. Thursday's U.N. report said more than 1,000 bodies in Derna and over 100 bodies in Al Bayda, another coastal city which was hit by flooding, had been buried in mass graves. The ICRC sent a cargo flight to Benghazi, eastern Libya's largest city, on Friday with 5,000 body bags.
Persons: Omran, DERNA, Bilal Sablouh, Ibrahim al, Mohammad al, Nouri Mohamed, Derna's, Kazunobu Kojima, Derna, Thursday's U.N, Al Bayda, I've, Ahmed Bayram, Saad Rajab Mohamed al, Martin Griffiths, Ahmed Elumami, Ayman al, Laila Bassam, Emma Farge, Gabrielle Tetrault, Farber, Nayera Abdallah, Mark Heinrich, William Maclean, Edmund Blair Organizations: REUTERS, WHO, World Health Organization, Reuters, Derna's, Organization for, International Committee, Cross, International Federation of, Red Crescent Societies, ICRC, Norwegian Refugee Council, Danish Refugee, Thomson Locations: Derna, Libya, U.N, GENEVA, Libyan, Africa, Geneva, Libya's Tripoli, Libya's, WHO's, Al, Benghazi, Susah, Beirut
Espen Barth Eide, Norway's Minister of Climate and Environment, arrives at the informal meeting of EU environment ministers at the Scandinavian XPO in Marsta outside Stockholm, Sweden, April 18, 2023. TT News Agency/Henrik Montgomery via REUTERS/File Photo Acquire Licensing RightsOSLO, Sept 15 (Reuters) - Norway must continue to deliver natural gas to Europe for as long as needed while also working to decarbonise the continent's energy systems, the Norwegian climate and environment minister said on Friday. "We think it's strategically important that we uphold these deliveries while there is still use, but we also work for the elimination of use, for the transition from natural gas," Espen Barth Eide told a Reuters Newsmaker event. Reporting by Gwladys Fouche, editing by Terje Solsvik and Essi LehtoOur Standards: The Thomson Reuters Trust Principles.
Persons: Espen Barth Eide, Henrik Montgomery, Gwladys Fouche, Terje Solsvik Organizations: Norway's, TT News Agency, REUTERS, Rights, Reuters, Thomson Locations: Marsta, Stockholm, Sweden, Rights OSLO, Norway, Europe, Norwegian
"Instead, I wanted this interactive lesson tool where students can express themselves and have agency — the opposite of this lecture model." With Curipod, teachers can create lessons on any school subject using generative AI, first by inputting the subject of the lesson, the grade level, and any additional learning objectives. Curipod is free for teachers and students to use at the moment, with paid tiers for school districts, said Seip. The team only launched its AI product at the beginning of this year, and had not previously sought venture capital funding. Check out the nine-slide pitch deck that Curipod used to raise $4.6 million in seed funding.
Persons: Jens Aarre Seip, Seip, Eirik Hernes Berre, Frikk Fossan, Curipod, GPT3 Organizations: Norwegian School of Economics, Reach, aha, Emerson, Sondo, Edovate Locations: Norway
Stocks finished Thursday higher, with the Dow rising more than 300 points, after investors shrugged off a slate of hot economic data. Thursday's producer inflation and retail sales reports —along with the CPI yesterday—showed gas prices are driving much of the latest inflationary pulses. The S&P 500, Dow industrials and tech-heavy Nasdaq Composite all rose after a modest performance Wednesday. Bond yields rose as prices fell, pricing in a tad of the hotter-than-expected economic data. Eurozone bond yields and the euro currency fell after the ECB raised rates.
Persons: Stocks, shrugged, Dow Organizations: Dow, CPI, Federal, Overseas, European Central Bank, Officials, Nasdaq, Brent, International Energy Agency, Cruise Lines, ECB Locations: British
Here are the biggest calls on Wall Street on Thursday: Bank of America downgrades J.M. "Our prior Buy rating was based on the view that SJM would focus on a more optimized portfolio of core brands, following several years of divestitures of low growth/margin assets. Bank of America reiterates Alphabet as buy Bank of America said it's standing by its buy rating on the stock due to "AI innovation & potentially lower expenses." Bank of America reiterates Blackrock as buy Bank of America said the company is the "leading platform for investing & tech solutions." Goldman Sachs reiterates FedEx as buy Goldman said it's standing by its buy rating heading into earnings next week.
Persons: Morgan Stanley, Wells, JPM, PENN, VIRT, William Blair, Jefferies, MET's, Semtech, Wolfe, TD Cowen, Redburn, BLK, Goldman Sachs, Goldman Organizations: Bank of America, Amazon, Nvidia, NVIDIA, JPMorgan, Apple, Wave7 Research, Deutsche Bank, Penn Deutsche, Penn, Citi, Google, BMO, Jefferies, MetLife, Susquehanna, Blackrock, FedEx
During the two years of the Covid pandemic, cruise lines lost approximately 80% of their pre-pandemic market capitalization, according to Redburn Atlantic. Strong travel demand, particularly in leisure travel, is at the core of the improved pricing outlook for the cruise industry, according to Brignall. Norwegian has faced partcular challenges thanks to its status as a high-end cruise line with an older customer base, and "more complex, longer cruise product." As a result, the company has been hurt more than other cruise lines by sailing restrictions, but Brignall expects that headwind to get better soon. Both shares have surged this year thanks to the continued recovery in leisure travel, with Carnival climbing 93% and Norwegian by 39%.
Persons: Alex Brignall, Brignall, headwind, Josh Weinstein, — CNBC's Michael Bloom Organizations: Cruise Line Locations: U.S, Norwegian, Europe
STAVANGER, Norway (AP) — The Norwegian king’s eldest child, Princess Märtha Louise, will marry her Hollywood partner, the self-professed shaman Durek Verrett, next summer, the couple announced Wednesday. The Norwegian princess can trace her ancestry back to Britain’s Queen Victoria. The couple, who toured the country in 2019 as “The Princess and The Shaman,” have created waves in Norway with their alternative beliefs. The wedding will take place on Aug. 24 in Geiranger, prized for its typical Norwegian scenery among mountains and fjords. Although Princess Märtha Louise is the first child of King Harald V, her brother, Crown Prince Haakon, who is two years younger than her, will succeed his father as king.
Persons: Princess Märtha Louise, Durek Verrett, King Harald V, , ” Verret, Victoria, Märtha Louise, Norway’s, Crown Prince Haakon, wasn't, Haakon, Princess Ingrid Alexandra, ___ Jan M, Olsen Organizations: NRK Locations: STAVANGER, Norway, Norwegian, California, Geiranger, Bergen, Copenhagen, Denmark
While that insurance is for a 2022 Porsche Taycan, even friends of his who drive lower-end models are paying more for car insurance, he told CNN. Yet he's seen his car insurance rates increase from $140 a month in 2020 to his current rate of $278 a month. Car insurance rates are increasing for a variety of reasonsTwo months ago, Nationwide notified Darnell Coates-Clark, 55, an EMT based in Baltimore, that he would be hit with a 33% increase in his car insurance. He acknowledged he doesn’t have “stellar credit,” which is known to impact car insurance rates. Darnell Coates-Clark saw his monthly car insurance rates double over the past two years.
Persons: Kyle Barone, Barone, didn’t, USAA, He’s, , , hasn't, he's, haven’t, Darnell Coates, Clark, Coates, ’ ” Coates, hasn’t, Ryan Ankrom, Clark USAA, Andrew Femath, Stephen Crewdson, Hurricane Ian, Robert Passmore, Crewdson, ” Crewdson, Betsy Stella, Insurify, what’s, “ I’ve, “ I’m, I’ve Organizations: New, New York CNN, Volvo, CNN, Porsche Taycan, Norwegian Cruise Line, Kyle Barone Drivers, Sunshine State, Nationwide, P Global Market Intelligence, Casualty Insurance Association, National, Traffic Safety Administration Locations: New York, United States, Florida, Jacksonville , Florida, Tampa, Norwegian, Sunshine, Southwest Florida, Baltimore, Maryland, Hurricane
Aerial view of the LNG storage and vaporization vessel "Höegh Esperanza" at the Wilhelmshaven LNG terminal. European gas markets have been constantly fluctuating in recent months, owing to extreme heat, maintenance at gas plants and, most recently, industrial action at major liquefied natural gas (LNG) facilities in Australia. "Gas markets are becoming riskier — gas and LNG prices are increasingly volatile and greatly affected by global factors," Jaller-Makarewicz said. The EU reached its target of filling gas storage facilities to a 90% capacity roughly 2 1/2 months ahead of its Nov. 1 deadline. It means that we've got a pretty good buffer," Malek said, referring to Europe's filling of its gas storage facilities.
Persons: Ana Maria Jaller, seesaw, Makarewicz, Christyan Malek, Malek, CNBC's, we've, Filippo Monteforte Organizations: Getty Images Energy, Workers, LNG, Makarewicz Energy, Institute for Energy Economics, Gas, EU, Gas Infrastructure, International Energy Agency, European Union, Eurasia Group, JPMorgan, Afp, Getty Locations: Wilhelmshaven, Australia, Western Australia, Japan, China, South Korea, Asia, Europe, U.S, skyrocketing, Gas Infrastructure Europe, wean, Ukraine, Eurasia, Tuscany
[1/2] Indigenous Sami activists set up a lavvo, a Sami tent, outside the Norwegian parliament in protest against two wind farms built on Sami reindeer pastures, in Oslo, Norway September 11, 2023. REUTERS/Gwladys Fouche Acquire Licensing RightsOSLO, Sept 11 (Reuters) - An Indigenous Sami activist set up camp outside the Norwegian parliament on Monday to protest against wind turbines built on land traditionally used by Sami reindeer herders, saying he will stay there as long as the turbines remain in place. Norway's supreme court in October 2021 ruled that two wind farms built at Fosen in central Norway, part of Europe's largest onshore wind farm, violated Sami rights under international conventions. "I believe that there is only one solution and that is to tear down the wind turbines at Fosen." About Monday's protest, Aasland said "the right to free expression is a founding democratic right I have great respect for".
Persons: Gwladys, Mihkkal Haetta, Greta Thunberg, Terje Aasland, Aasland, Gwladys Fouche, Hugh Lawson Organizations: REUTERS, Rights, Reuters, and Energy, Thomson Locations: Oslo, Norway, Rights OSLO, Sami, Fosen, Norwegian
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
HELSINKI (AP) — A 25-year-old foreign student has been arrested in Norway on suspicion of espionage, including illegal eavesdropping through various technical devices. Norway’s domestic security agency, known by its acronym PST, told Norwegian media that the man, who was arrested on Friday, was charged in court on Sunday with espionage and intelligence operations against the Nordic country. The man, whose identity and nationality haven't been disclosed, has pleaded not guilty in initial police questioning. “He (the suspect) is charged with using technical installations for illegal signal intelligence.”Police have seized from the man a number of data-carrying electronic devices, which the PST is now investigating. The suspect is a student, but he’s not enrolled at an educational institution in Norway, and he’s been living in Norway for a relatively short time, according to PST.
Persons: haven't, Thomas Blom, he’s Organizations: HELSINKI, Nordic, NRK, ” Police Locations: Norway, Norwegian, Russia, China, North Korea
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
Erlend Bore needed to get more exercise, so he bought a metal detector and started walking more. He found what he thought were chocolate coins, but they were gold jewelry from about 500 AD. Bore's discovery has been dubbed the "find of the century," but he can't keep the treasure. Earlier this year, 51-year-old Erlend Bore bought a metal detector after he was advised by his doctor to get off the sofa and find a new hobby. But one day his detector immediately started beeping and just five inches below the soil he unearthed nine gold pendants, three gold rings and 10 gold pearls.
Persons: beeping, Celine Berger, Ole Madsen, Håkon Reiersen Organizations: Service, University of Stavanger Locations: Wall, Silicon, Rennesoey, Stavanger, Norway, Europe, Oslo
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
COPENHAGEN, Denmark (AP) — At first, the Norwegian man thought his metal detector reacted to chocolate money buried in the soil. 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. The rare find was made this summer by 51-year-old Erlend Bore on the southern island of Rennesoey, near the city of Stavanger. In August, Bore began walking around the mountainous island with his metal detector. The plan is to exhibit the find at the Archaeological Museum in Stavanger, about 300 kilometers (200 miles) southwest of Oslo.
Persons: Ole Madsen, ” Madsen, Håkon, Sigmund Oehrl, Odin, ” Oehrl, Organizations: , Archaeological, University of Stavanger Locations: COPENHAGEN, Denmark, Norwegian, Rennesoey, Stavanger, Norway, Europe, , Sweden, Oslo
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
OpenAI's Sam Altman thinks Silicon Valley no longer has an innovation culture. "Before OpenAI, what was the last really great scientific breakthrough that came out of a Silicon Valley company?" Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. "There used to be great research that happened in companies in Silicon Valley, Xerox PARC being the obvious example. To this, Altman responded by saying Silicon Valley did have a product innovation culture, but he felt it missed the mark on groundbreaking research.
Persons: OpenAI's Sam Altman, Sam Altman, Altman, Nicolai Tangen, I'm, Marc Andreessen, Andreessen, Horowitz, Matt Miller, Altman's OpenAI, ChatGPT, OpenAI Organizations: Service, Xerox PARC, Norges Bank Investment, Sequoia Capital, Biosciences Locations: Wall, Silicon, Silicon Valley, China, California, OpenAI
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