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☆ 'Americans just work harder' than Europeans, said the CEO of Norway's $1.6 trillion oil fund
▼ + stars: | 2024-04-25 | by ( Matthew Loh | ) www.businessinsider.com time to read: +3 min

The CEO of Norges Bank told the FT that he thinks Americans work much harder than Europeans. AdvertisementEuropeans are less ambitious and don't work as hard as Americans, said Nicolai Tangen, the CEO of Norway's $1.6 trillion oil fund. In Europe, you're dead," Tangen told The Financial Times in an interview published on Wednesday. "I should be careful about talking about work-life balance, but the Americans just work harder." It's true that Americans, on average, work longer hours than their European counterparts, according to data collected from 2019 to 2022 by the Organisation for Economic Co-operation and Development.

Persons: Nicolai Tangen, —, Tangen, That's, they've Organizations: Norges Bank, Service, Financial Times, Norges, Apple . Norges Bank, Organisation for Economic Co, Development, European Union, OECD Locations: America, Europe, European

☆ World’s largest wealth fund says there’s ‘clearly a lot of froth’ in the tech sector right now
▼ + stars: | 2024-04-23 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +1 min

The chief executive of Norway's gigantic sovereign wealth fund on Tuesday said there is "clearly a lot of froth" in the tech sector, suggesting that whether there is too much of it could depend on this week's tech earnings bonanza. U.S. tech behemoths including Tesla , Meta , Microsoft and Google parent Alphabet are all scheduled to release results in the coming days. "If I look at what we can read out of the current market, I would say that there is clearly a lot of froth within the technology sector. The world's largest sovereign wealth fund, which was valued at 17.7 trillion kroner ($1.6 trillion) at the end of March, was established in the 1990s to invest the surplus revenues of Norway's oil and gas sector. To date, the fund has put money in more than 8,800 companies in over 70 countries around the world, making it one of the largest investors across the globe.

Persons: Nicolai Tangen, CNBC's, NBIM Organizations: Meta, Microsoft, Google, Elon Musk's EV, Tesla, Nasdaq, Nvidia, Norges Bank Investment Management, Government Pension Fund Locations: U.S

☆ Tunde Onakoya: Nigerian chess champion breaks world record for longest chess marathon
▼ + stars: | 2024-04-20 | by ( Ifeanyi Abraham | For Cnn | ) edition.cnn.com time to read: +3 min

CNN —Nigerian chess champion and child education advocate Tunde Onakoya has broken the record for the longest chess marathon after playing for an extraordinary 60 hours nonstop under the bright lights of New York City’s Times Square. The Guinness World Record organization has not yet confirmed Onakoya’s attempt, which can sometimes take weeks, but for many Nigerians, the 29-year-old is already considered something of a national hero. Onakoya played against Shawn Martinez, a US chess champion, in accordance with the Guinness World Record guidelines that any attempt to break the record must be made by two players who play continuously for the duration. Onakoya founded Chess in Slums Africa, which seeks to empower children in underprivileged communities by using chess to enhance critical thinking and problem-solving skills, in Lagos. People celebrate as Tunde Onakoya marks 46 hours for consecutively playing a chess game in Times Square, Friday, April 19, 2024, in New York.

Persons: Tunde, Onakoya, Hallvard Haug Flatebø, Let’s, Shawn Martinez, Martinez, Davido, Adekunle, Bola Tinubu, Ajuri Ngelale, “, Tinubu, Yuki Iwamura, Solomon Passy, Russell Makofsky Organizations: CNN, New York City’s, Guinness, Nigeria’s, Champion, People, Times Locations: Nigerian, New York, Africa, Norway, Manhattan, Nigeria, Lagos, Berlin, Bulgarian, US

☆ 'Quiet luxury' was once all about fashion — but now it describes how the top 1% travel too
▼ + stars: | 2024-03-22 | by ( Helen Iatrou | Rob Goss | ) www.cnbc.com time to read: +4 min

Big-ticket travel experiences like those are indicative of the "quiet luxury" trend which began in the world of fashion, with timeless lines trumping brand-blaring outfits. Less limelight, more connectionJaclyn Sienna India, the founder of the ultra-luxury travel company Sienna Charles, said she considers herself a longtime quiet luxury disciple. Monaco has long been a playground for the elite, but wealthy travelers are increasingly opting for more remote locations, say luxury travel advisors. But another important aspect of the quiet luxury movement concerns security. For them, quiet luxury travel is about exclusivity and privacy, she said.

Persons: Jaclyn Sienna India, Sienna Charles, Vietnam's, Alexander Spatari, It's, Sean De Burca, George W, Bush, Erica, Erica Jackowitz, Jackowitz, Sienna India, Thomas Barwick, Roger Federer, Erica's Erica Jackowitz, Anastasiia Organizations: Monaco, Bank, Getty, Digitalvision, Henley, Partners Locations: Antarctica, Svalbard, Paris, Monaco, Chi Minh City, India, Brazil, Ethiopia, New York City, Africa

☆ US Marines don skis in joint NATO exercises in the critical Arctic battleground
▼ + stars: | 2024-03-17 | by ( Cameron Manley | ) www.businessinsider.com time to read: +7 min

Last month, II MEF attended a 10-day training course in the hills near the Norwegian town of Setermoen. "I think that's one of the things that we see with our marines and sailors in this training," said II MEF commander, Lt. AdvertisementThe II MEF, the US military's rapid response group, was ordered to delay the hypothetical enemy so that "reinforcements" had time to arrive. The Arctic is a key locationThe Arctic itself is already a critical region for Russia and NATO. AdvertisementPutin has snapped back at the West following French President Emmanuel Macron's suggestions that NATO could send troops to Ukraine.

Persons: —, Ted Driscoll, David A, JONATHAN NACKSTRAND, Grant Schapps, Pål Jonson, Mark Stephens, Vladimir Putin, Putin, Emmanuel Macron's, Sergei Naryshkin, General Carl, Johan Edstrom, it's Organizations: Service, US Marines, Marine Expeditionary Force, NATO, Marines, Business, NBC News, Nato Nordic, Getty, Reuters, NBC, Norwegian Communication Authority, Brookings Institution, Russia's Foreign Intelligence Service, BBC Locations: Alaska, Norway, Norwegian, Setermoen, Iraq, Afghanistan, AFP, Russia, Ukraine, Finland, Sweden, North America, Europe, Russian

☆ Russia is suspected of jamming the signals of a plane carrying the UK's defense secretary
▼ + stars: | 2024-03-15 | by ( Tom Porter | ) www.businessinsider.com time to read: +3 min

Read previewRussia is suspected of jamming the signals of a military plane carrying UK Defense Secretary Grant Shapps. A UK defense source told Business Insider that the GPS on the plane carrying Shapps back from a NATO exercise to Poland was temporarily jammed near Kaliningrad, Russia's Baltic enclave, on Thursday. This story is available exclusively to Business Insider subscribers. Related storiesThe report said that it's unclear if Shapp's plane was deliberately targeted, but the flight path was visible on flight tracking websites. Russia has a powerful electronic warfare capability, which enables its military to scramble GPS signals remotely.

Persons: —, Grant Shapps, Shapps Organizations: Service, Business, RAF, Times, Norwegian Communication Authority, GPS, NATO Locations: Russia, NATO, Poland, Kaliningrad, Russia's, Russian, US, Baltic, Norway, Finland, Ukraine

COPENHAGEN, Denmark (AP) — Europe’s oldest monarch, King Harald V of Norway, is getting a permanent pacemaker on Tuesday, the palace said, adding that the monarch will followingly remain in hospital for a few days. In a brief statement, the royal household said the 87-year-old would get it at Oslo's university hospital, Rikshospitalet. Last month, Harald fell ill during a private holiday with his wife Queen Sonja on the Malaysian resort island of Langkawi. Harald returned to Norway aboard a medical airplane and was immediately transferred to an Oslo hospital. He ascended to the throne following the death of his father, King Olav, in 1991.

Persons: King Harald V of, followingly, Harald, Queen Sonja, Queen Margrethe II of Denmark, King Olav, Prince Haakan Organizations: — Locations: COPENHAGEN, Denmark, King Harald V of Norway, Malaysian, Langkawi, Norway, Oslo

☆ We've traveled to 91 countries and found 3 hidden gems for seasoned travelers
▼ + stars: | 2024-03-05 | by ( Dan Latu | ) www.businessinsider.com time to read: +5 min

After visiting all 50 states and 51 national parks, they've traveled to over 91 countries. Hidden gems in Denmark, Latvia, and Greece were their favorite destinations in the world. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Faroe Islands, DenmarkFaroe Islands, Denmark. Faroe Islands, Denmark.

Persons: John, Beverly Martin, they've, —, John Martin, Beverly, dirk moll John, There's, James Bond, Roberto Moiola Beverly, Marcus Lindstrom John, Maremagnum Beverly, Vasilis, Beverly Martin John, Folegandros Organizations: Service, Zeppelin, Beverly Locations: Florida, Denmark, Latvia, Greece, Faroe Islands, Denmark Faroe Islands, Faroe, Iceland, Scotland, Norway, Riga, Latvia Riga, It's, Europe, Beverly, Folegandros, Greece Folegandros, Santorini, There's

☆ Norway’s King Harald fitted with pacemaker after falling ill on holiday
▼ + stars: | 2024-03-02 | by ( Amy Woodyatt | ) edition.cnn.com time to read: +1 min

CNN —Norway’s King Harald has had a temporary pacemaker fitted at a hospital in Malaysia after falling ill on holiday there. His transport will be facilitated by The Norwegian Government, while the Norwegian Armed Forces are responsible for the practical arrangements for his return to Norway, the royal household noted. The king, who was on holiday, fell ill with an infection earlier in the week. He has been king of Norway since 1991, and is Europe’s oldest monarch. His next official engagement, where he is due to preside over the Council of State at the Royal Palace, is scheduled to take place on March 8, according to the royal household’s website.

Persons: CNN — Norway’s King Harald, Maliha Organizations: CNN, The, The Norwegian Government, Norwegian Armed Forces, of State Locations: Malaysia, Langkawi, Norway, The Norwegian

☆ Nordic countries are struggling to fly planes because Russian jamming is screwing with GPS: report
▼ + stars: | 2024-02-27 | by ( Tom Porter | ) www.businessinsider.com time to read: +3 min

Countries bordering Russia in northern Europe are reporting GPS jamming, The Barents Observer said. Russian electronic warfare is believed to be responsible, the report added. AdvertisementRussian electronic warfare appears to be jamming GPS for ships and planes in the far north of Europe. It added that GPS disturbances were reported by airliners and air ambulances flying from Kirkenes and other towns in the far northeast of Norway. AdvertisementPolice and national authorities told the Barents Observer that GPS jamming could impact emergency services.

Persons: —, Dagens Næringsliv, Joakim Paasikivi, Trond Eirik Nilsen Organizations: Barents Observer, West, Service, Norwegian Communication Authority, Russia, The Telegraph, Business, NATO, Swedish Defense University, Swedish, SVT, Advertisement Police, Finnmark Police Locations: Russia, Europe, Russian, Norway, Finland, Ukraine, Kirkenes, Finnmark, Poland, Baltic, Kaliningrad

☆ ‘Vittrup Man’ was a Stone Age migrant before his violent death
▼ + stars: | 2024-02-15 | by ( Ashley Strickland | ) edition.cnn.com time to read: +7 min

What the team discovered while piecing together Vittrup Man’s life is shedding light on the movements and connections between different Stone Age cultures. Vittrup Man was likely born and grew up along the coast of the Scandinavian Peninsula, perhaps within the frigid climes of Norway or Sweden. Studying Vittrup Man has helped researchers gain insights about the genetics, lifestyles and ritual practices that can be traced to Stone Age societies, Sjögren said. A cartoon included with the new research depicts how Vittrup Man was possibly sacrificed in a swamp. But it’s also possible that Vittrup Man was in the wrong place at the wrong time.

Persons: “, ”, Anders Fischer, piecing, Vittrup, Karl, Göran Sjögren, Lasse Sørensen, ” Sørensen, Sjögren, ” Fischer, Fischer, Niels Bach, Kristian Kristiansen, it’s, Roy van Beek, Van Beek, ” van Beek Organizations: CNN, Stone, University of Gothenburg, National Museum, Wageningen University & Research Locations: Denmark, Northern Europe, Vittrup, Sweden, Sealand, Norway, Scandinavia, subsisting, Copenhagen, Europe, Netherlands

☆ Russia's military alliances are giving it a major edge — just as Ukraine's are faltering
▼ + stars: | 2024-02-14 | by ( Mikhaila Friel | ) www.businessinsider.com time to read: +6 min

A closer relationship with ChinaChina and Russia have deepened their military ties in recent years with the help of arms sales and joint military exercises. It has hosted Russian military drills, soldiers, and equipment, and enabled the transportation of Russian weapons close to Ukraine's borders. The situation is looking bleak for UkraineThe support from Russia's allies matters, especially when paired with the country's soaring defense budget. Its military appears to have a major edge over Ukraine as the country's financial and military support from its allies is faltering. Meanwhile, on Tuesday, the Senate passed a $95 billion emergency defense-aid bill that could support Ukraine, Israel, and Tawain — but the bill is expected to face stiff opposition by Republicans, BI previously reported.

Persons: —, That's, Vladimir Putin, Mikhail Klimentyev, Nils Andreas Stensones, Stensones, Trump, Putin, YURI KADOBNOV, Patrick Bury Organizations: Ukraine, Service, Norway's Intelligence Service, Sputnik, Moscow Times, UN, North, European Council, Foreign Relations, UK's Ministry of Defence, Reuters, University of Bath, Putin, Trump, Republicans Locations: Russia, Ukraine, China, Belarus, Iran, North Korea, Europe, Ukrainian, China China, Japan, Russian, Ukraine's, Helsinki, Israel

☆ Sequoia-backed fintech Pennylane just became a unicorn. Check out the 15-slide pitch deck it used to raise $43 million.
▼ + stars: | 2024-02-08 | by ( Callum Burroughs | ) www.businessinsider.com time to read: +2 min

French accounting tech startup Pennylane has raised $43 million in a deal that valued the business at over $1 billion. Founded in 2020, Pennylane works with SMEs and accounting firms to simplify and digitize their accounting processes. The company's SaaS model pulls third-party data from platforms like Stripe and Qonto, to help SMEs with their accounting needs. This story is available exclusively to Business Insider subscribers. "We've seen very strong growth in users and revenues, without having to grow our sales and marketing spend," Waller told Business Insider.

Persons: Pennylane, Arthur Waller, Waller, it's, Visma Organizations: Business, Sequoia Locations: Paris, Pennylane

☆ Oil edges up on U.S. Fed rate signals, China property sector support
▼ + stars: | 2024-02-01 | by ( ) www.cnbc.com time to read: +2 min

The Equinor ASA offshore oil drilling platform on Johan Sverdrup oil field in the North Sea off the coast of Norway. Global oil prices climbed in early trade on Thursday, supported by signals from the U.S. Federal Reserve on a possible start to rate cuts and as China unveiled new support measures for its embattled property market. Lower rates and economic growth are supportive for oil demand. China, the world's second biggest economy, unveiled new property support measures amid concerns about the fallout from the liquidation of developer Evergrande and as the country ended last year with the worst declines in new home prices in nearly nine years. In the Middle East, worries about attacks by Yemen-based Houthi forces on shipping in the Red Sea are now driving up costs and disrupting global oil trading.

Persons: Johan Sverdrup, Jerome Powell, JPMorgan Organizations: ASA, U.S . Federal, Brent, . West Texas, Federal, JPMorgan, ANZ Research Locations: North, Norway, Global, China, Yemen, Jordan, Red

STAVANGER (AP) — Norway’s oil fund reported the largest annual return in its history Tuesday, a performance led by U.S. technology companies and Danish pharmaceutical company Novo Nordisk, which makes the diabetes-turned-weight loss drug Ozempic. Norway’s Government Pension Fund Global, the world’s largest sovereign wealth fund, said it also benefited in 2023 from market excitement over the rapid adoption of artificial intelligence technology such as ChatGPT. The six largest contributors to the fund’s growth were the U.S technology companies Microsoft, Apple, NVIDIA, Meta, Amazon and Alphabet. Nova Nordisk also makes a higher dose version of the same medication that is sold as a weight loss drug under the brand name Wegovy. Political Cartoons View All 253 ImagesThe Government Pension Fund Global, known commonly as the Oil Fund, invests Norway's profits from oil and gas, and owns around 1.5% of all the companies listed globally.

Persons: Nicolai Tangen, Tesla, Ozempic Organizations: STAVANGER, Novo Nordisk, Fund, Oil, Microsoft, Apple, NVIDIA, Meta, Nova Nordisk, Nordisk, Government Pension Fund, Oil Fund Locations: U.S, Danish, Norway’s, Norway, Denmark

☆ Norway defends deep-sea mining, says it may help to break China and Russia's rare earths stronghold
▼ + stars: | 2024-01-29 | by ( Sam Meredith | ) www.cnbc.com time to read: +7 min

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 ImagesNorway says its controversial decision to approve deep-sea mining is a necessary step into the unknown that could help to break China and Russia's rare earths dominance. "We have been looking into the seabed minerals opportunity for a long time. Campaigners fear that exploration and exploitation activities in the deep sea could permanently alter a home that is unique to known — and many as yet unknown — species. "The argument put forward by the Norwegian government — and the deep-sea mining industry — that 'deep-sea mining can be done in a sustainable way' goes against the large consensus of scientific literature," Roux said.

Persons: Luciana, Charles M, Anne, Sophie Roux, Terje Aasland, Aasland, Arild Hermstad, Camille Etienne, Lucas Bravo, Javad Parsa, Norway's Aasland, Roux, — Organizations: SOUTH, Getty, IEA, Energy, CNBC, Afp, European Commission, Ocean Alliance, Lightrocket Locations: ROTTERDAM, SOUTH HOLLAND, NETHERLANDS, Norway, China, Europe, Russia, Norwegian, Vietnam, Brazil, Svalbard, French, Oslo

☆ 'Huge knowledge gaps must be filled' before deep-sea mining, says Norwegian deputy foreign minister
▼ + stars: | 2024-01-24 | 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 Email'Huge knowledge gaps must be filled' before deep-sea mining, says Norwegian deputy foreign ministerMaria Varteressian, deputy foreign minister of Norway, discusses Norway's decision to consider deep-sea mining for critical metals.

Persons: Maria Varteressian Locations: Norway

☆ Mohammad Ghobadlou: Iran executes protester with mental health condition, judiciary says
▼ + stars: | 2024-01-23 | by ( Adam Pourahmadi | ) edition.cnn.com time to read: +3 min

CNN —An Iranian protester with a mental health condition has been executed over the death of a local official during mass demonstrations that rocked the country in 2022, the Iranian judiciary’s news agency reported on Tuesday. International law and standards prohibit using the death penalty against people with mental disabilities, according to the rights group. Mahmood Amiry-Moghaddam, the director of Norway-based Iranian human rights group Iran Human Rights (IHR), called Ghobadlou’s execution an “extrajudicial killing.”On X, formerly Twitter, he wrote that “the Islamic Republic’s leader Ali Khamenei and his Judiciary must be held accountable for this crime. US-based Human Rights Activists News Agency (HRANA) placed the number of dead at more than 500, including 70 children. Thousands were arrested across the country, the UN said in a report last year, citing research from its Human Rights Committee.

Persons: “, Mohammad Ghobadlou, Farid Karampour Hassanvand, Ghobadlou, Robat, Abolqasem Salavati –, ”, Mizan, ” Ghobadlou, Mahmood Amiry, Ali Khamenei, Mahsa Amini Organizations: CNN, Amnesty, Revolutionary, Supreme, Iran Human, United Nations, Rights, News Agency, UN, Human Rights Locations: Robat Karim, Tehran province, United States, Norway, Iran

☆ Telenor CEO warns that AI will replace — and create — jobs: 'It's a shift'
▼ + stars: | 2024-01-17 | 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 EmailTelenor CEO warns that AI will replace — and create — jobs: 'It's a shift'Sigve Brekke, CEO of Norway's Telenor, discusses what telecommunications companies need to do to become AI-ready.

Persons: Brekke Organizations: Telenor

☆ In Norway, a Proposed Ban on Foreign Adoptions Rattles All Sides of a Heated Debate
▼ + stars: | 2024-01-17 | by ( Ali Watkins | More About Ali Watkins | ) www.nytimes.com time to read: +1 min

Yet another woman was given up to an orphanage by a vindictive grandmother, trying to break up her son’s marriage. Theirs are but a sliver of stories that have rattled Norway’s — and, potentially, greater Europe’s — robust foreign adoptions industry. On Tuesday, one of Norway’s top policy bodies recommended a halt to all foreign adoptions amid a probe into allegations of stolen children, forged paperwork and illegal, adoption-for-profit schemes. On the same day, Denmark’s sole foreign adoption agency announced it would be winding down its own operations following similar concerns. The recommendation in Norway, sweeping in its scope, took all sides of the adoption debate by surprise.

Persons: — Locations: Norwegian, Norway

☆ DNB CEO: Many signs that we have reached top of the rate curve
▼ + stars: | 2024-01-17 | 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 EmailDNB CEO: Many signs that we have reached top of the rate curveKjerstin Braathen, CEO of Norway's largest bank DNB, said that there are "many signs saying that we have reached the top of the interest rate curve." However, she said the timeline for lowering rates was less certain.

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

☆ 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

☆ 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

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