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☆ The world's largest floating wind farm is now officially open — and helping to power North Sea oil operations
▼ + stars: | 2023-08-23 | by ( Anmar Frangoul | ) www.cnbc.com time to read: +3 min

Floating offshore wind turbines are different from fixed-bottom offshore wind turbines, which are rooted to the seabed. One advantage of floating turbines is that they can be installed in far deeper waters than fixed-bottom ones. In recent years a range of companies and major economies like the U.S. have laid out goals to ramp up floating wind installations. Alongside Equinor, partners in the Hywind Tampen project include Vår Energi, INPEX Idemitsu, Petoro, Wintershall Dea and OMV. Back in 2017, it started operations at Hywind Scotland, a five-turbine, 30 MW facility it calls the planet's first floating wind farm.

Persons: Equinor, Tampen, Crown Prince Haakon of Norway, INPEX, Wintershall, Equinor's Siri Kindem, General, Antonio Guterres Organizations: United Nations Locations: Norwegian, Norway, OMV, Hywind Scotland, North, Sharm el, Sheikh, Egypt

☆ Briton Kerr stuns Ingebrigtsen to win 1,500m gold
▼ + stars: | 2023-08-23 | by ( Mitch Phillips | ) www.reuters.com time to read: +2 min

I'm so proud of myself," said Kerr, who ran the race in sunglasses. "I didn't feel like I ran the best race either. We left no stone unturned and if it wasn't a gold medal today, that was the best we could have done. Ingebrigtsen said his legs felt heavy as he was unable to respond to Kerr moving onto his shoulder. Last year Ingebrigtsen recovered to win the 5,000m gold and he has the chance to do that again in Budapest.

Persons: Josh Kerr, Jakob Ingebrigtsen, Norway's Ingebrigtsen, Britain's Jake Wightman, Kerr, Ingebrigtsen, Gilje Nordas, It's, I'm, Mitch Phillips, Ed Osmond Organizations: Olympic, Tokyo Olympic, Thomson Locations: BUDAPEST, Poland, Budapest

☆ Warholm back on top of world 400-hurdles podium
▼ + stars: | 2023-08-23 | by ( Lori Ewing | ) www.reuters.com time to read: +2 min

BUDAPEST, Aug 23 (Reuters) - Karsten Warholm of Norway returned to the top of the global medal podium, racing to his third victory in the 400-metres hurdles at the World Athletics Championships on Wednesday. The 27-year-old won the 2017 and 2019 world championships, but struggled to seventh at the worlds last season in Eugene when he was hampered by a hamstring injury. "It feels incredibly good to have the gold around my neck again," Warholm told Norwegian broadcaster NRK. Kyron McMaster won silver in 47.34 to earn the first world championships medal for the British Virgin Islands. "This means the world to my country - I have been chasing this medal since 2017," McMaster said.

Persons: Karsten Warholm, Rai Benjamin, Warholm, Kyron McMaster, McMaster, Benjamin, I've, Lori Ewing, Tommy Lund, Toby Davis Organizations: Olympic, NRK, Tokyo, Monaco Diamond League, Thomson Locations: BUDAPEST, Norway, Eugene, Norwegian, British Virgin, Lane, Tokyo

☆ In AI push, Telenor hires Google Cloud's Amol Phadke as CTO
▼ + stars: | 2023-08-22 | by ( ) www.reuters.com time to read: +3 min

REUTERS/Dado Ruvic/Illustration Acquire Licensing RightsSummaryCompanies Telenor recruits Chief Tech Officer from Google CloudAmol Phadke to implement AI strategyTelecom sector's AI adoption is going slowly, Phadke saysAlso appoints Petter-Boerre Furberg as head of Asia unitOSLO, Aug 22 (Reuters) - Norwegian telecoms firm Telenor (TEL.OL) has recruited Google Cloud's Amol Phadke as its new Chief Technology Officer (CTO) to strengthen its AI activities, Telenor said on Tuesday. Phadke most recently headed Google Cloud's (GOOGL.O) telecom business and has previously worked for British Telecom, Alcatel-Lucent and Accenture's network services unit. He said he wanted Telenor "to use AI in all of our operations to make operations more efficient, develop new products, increase energy efficiency." Phadke said Telenor would use AI will to make business operations more efficient, for example to predict traffic demand and allocate more bandwidth to areas with more users, and to improve interactions with customers. "We do not believe that AI will directly result in job reductions," Phadke said, adding he envisaged using AI to augment and enhance, not substitute, humans in processes.

Persons: Dado Ruvic, Phadke, Petter, Boerre Furberg, Sigve Brekke, Brekke, Arentz, Rostrup, Furberg, Victoria Klesty, David Evans Organizations: Telenor, REUTERS, Google, Telecom, Technology, British Telecom, Alcatel, Lucent, Reuters, Telenor Nordics, Thomson Locations: Asia, OSLO, Norwegian, Myanmar, Bangladesh, Thailand, Malaysia, Southeast Asia

☆ Facebook owner Meta Platforms seeks to stop privacy breach fine in Norway
▼ + stars: | 2023-08-22 | by ( ) www.reuters.com time to read: +2 min

The logo of Meta Platforms' business group is seen in Brussels, Belgium December 6, 2022. REUTERS/Yves Herman//File Photo Acquire Licensing RightsCompanies Meta Platforms Inc FollowOSLO, Aug 22 (Reuters) - Meta Platforms (META.O) will ask a court in Norway on Tuesday to stop a fine the country's data regulator has imposed on the owner of Facebook and Instagram for breaching users' privacy, in a case that could have wider European implications. Since Aug. 14, Meta Platforms has been fined 1 million crowns ($94,313) per day for harvesting users' data and using it to target advertising at them, called behavioural advertising, a business model common to Big Tech. Meta Platforms is asking for a temporary injunction against the order, which imposes a daily fine through to Nov. 3. Datatilsynet could make the fine permanent by referring its decision to the European Data Protection Board, which has the power to do so, if it agrees with the Norwegian regulator's decision.

Persons: Yves Herman, Meta, Tobias Judin, Datatilsynet, Gwladys Fouche, Sharon Singleton Organizations: REUTERS, Facebook, Big Tech, European Union, European Economic, EEA, Reuters . Regulator, Meta, Reuters, European Data Protection, Thomson Locations: Brussels, Belgium, Norway, Norwegian, Europe, Oslo

CNN —Millions in India will be cheering on the teen chess prodigy known as Pragg as he takes on Norwegian grandmaster Magnus Carlsen for the title of World Chess Champion on Tuesday. Born and raised in Chennai in southern India, Praggnanandhaa took an interest in the game after his older sister, Vaishali, started playing at age 6. Then, in 2016, he created history after winning his ninth round game at the KIIT International Chess Festival in Bhubaneswar, India. Arun Sankar/AFP/Getty Images/FilePraggnanandhaa earned his third international master norm, an achievement handed out for high level of performance in a tournament. Having earned two previous norms already, at the age of 10 years, 10 months and 19 days, he became an international chess master – the youngest ever.

Persons: Magnus Carlsen, Rameshbabu Praggnanandhaa, Fabiano Caruana, Praggnanandhaa, Carlsen, Narendra Modi, Sachin Tendulkar, ” Praggnanandhaa, Vaishali, Andrzej Iwanczuk, “, Arun Sankar, ” Organizations: CNN, CNN Sport, Bloom, KIIT, Getty Locations: India, Baku, Azerbaijan, Chennai, Vaishali, Warsaw, Poland, Bhubaneswar, Indian, “

☆ Top US Air Force general was surprised that Russia 'gave up' trying to destroy Ukraine's Russian-designed air defenses so quickly
▼ + stars: | 2023-08-21 | by ( Christopher Woody | ) www.businessinsider.com time to read: +6 min

Russia's limited use of its air force in Ukraine has surprised US Air Force leaders. Those leaders are surprised in large part because Ukraine is using air defenses that Russians designed. "I would say that I was somewhat surprised" by Russia's inability to control the air and knock out Ukrainian air defenses, Hecker said. Ukrainian forces are now using US-made Patriot missiles and the US-Norwegian-designed NASAMS to defend against long-range threats as well as several Western-designed systems for short-range air defense. US intelligence assessments leaked online this spring suggested Ukraine could expend its supply of surface-to-air missiles for several systems by mid-year.

Persons: James Hecker, " Hecker, Justin Bronk, Hecker, Ukrainian Defense Ministry Hecker, Charles Brown Jr, Brown, Sen, Tommy Tuberville, Ed Ram Organizations: US Air Force, Service, Russian Air Force, US Air Forces, Defense Writers, Russian Ministry of, Royal United Services Institute, Russian Sukhoi, Ukraine's Defense Ministry, Ukrainian Defense Ministry, Air Force, Joint Chiefs of Staff, Ukraine, Ukrainian, International Institute of Strategic Studies, The Washington, Getty, Patriot, Russian, Ukraine Defense Contact Locations: Ukraine, Wall, Silicon, Europe, Russian, Russia, British, Soviet, Norwegian, Kyiv

☆ Viktor Hovland breaks course record to clinch astonishing victory at the BMW Championship
▼ + stars: | 2023-08-21 | by ( Jack Bantock | ) edition.cnn.com time to read: +4 min

Hovland shot 10 birdies – including seven across the last nine holes – to card an unprecedented nine-under 61 and edge Fitzpatrick and world No. It means Hovland will tee off two shots behind Scheffler, who was left to rue yet another strong performance that ultimately reaped no silverware. With six runner-up finishes across his last two PGA Tour seasons, only Cameron Young has finished second as often, though Scheffler’s six wins during that period undoubtedly soften the blow. Joe Robbins/Icon Sportswire/Getty ImagesRory McIlroy finished three shots behind Fitzpatrick and Scheffler in fourth after also shooting 66. Paired with Hovland for the final round, the Northern Irishman had a front row seat to a historic showing.

Persons: Matt Fitzpatrick, Viktor Hovland, stupefied, Hovland, Fitzpatrick, Scottie Scheffler, –, ” Hovland, Dylan Buell, Scheffler, Cameron Young, Michael Reaves, ”, “ Viktor, Hovland’s, “, ” Fitzpatrick, Joe Robbins, Rory McIlroy, Viktor, ” McIlroy Organizations: CNN, Olympia Fields Country Club, BMW, PGA, Sky Sports, Torrey, Getty, Oklahoma State University, Europe’s Ryder, East, FedEx, American, Northern, Ryder Locations: Olympia, Norwegian, Illinois, Torrey Pines, East Lake, Atlanta

☆ Mess at Chef's Table: How claims of theft, embezzlement, and abuse shut down Brooklyn Fare's legendary Michelin-starred restaurant
▼ + stars: | 2023-08-18 | by ( Anna Silman | ) www.businessinsider.com time to read: +25 min

Chef's Table at Brooklyn Fare, the iconic three-Michelin-star tasting restaurant by chef César Ramirez, quietly ceased operations in July. Chef's Table at Brooklyn Fare is one of New York's most hallowed culinary institutions. A former employee at Chef's Table at Brooklyn FareBut beneath the restaurant's pristine stainless-steel surface, chaos was brewing. By 2011, Chef's Table had become one of only 138 restaurants worldwide to boast three Michelin stars. This year, Chef's Table at Brooklyn Fare was the highest-ranked US restaurant on the 2023 World's 50 Best Restaurants' list.

Persons: César Ramirez, hasn't, Ramirez, Moneer, Moe, Issa, I'd, Ramirez's, Conti, David Bouley's, Le Bernardin, Per, Chef César Ramirez, Jamie McCarthy, WireImage, Joshua David Stein, Grub, Ramirez freaked, he'd, didn't, Pete Wells, Issa didn't, Adriana, Issa's, Heidi, —, Domaine, disrespected, Spencer Platt, Cesar, Issa wouldn't, commenter Organizations: Brooklyn, Brooklyn Fare, Manhattan Fare Corp, Chef's, Pepsi, GQ, Michelin, Madison, New York Press, Guardian, Staff, New York Times, York, Madison Park Locations: Hokkaido, Los Angeles, New York, Brooklyn, Burgundy, Israeli, Hill, Mexican, Chicago, West, Madison, Masa, Kaluga Queen, Russia, Asia, Kings County, Clinton Hill, Taiwan, York

☆ Norwegian mass killer Breivik sues the state for "extreme" isolation -lawyer
▼ + stars: | 2023-08-18 | by ( ) www.reuters.com time to read: +1 min

NTB Scanpix/Lise Aaserud via REUTERS/File Photo Acquire Licensing RightsOSLO, Aug 18 (Reuters) - Norwegian mass killer Anders Behring Breivik is suing the state for allegedly violating his human rights due to his being held in "extreme" isolation, and has filed another application for parole, his lawyer said on Friday. Breivik, now 44, is serving Norway's longest sentence, 21 years, which can be extended if he is still considered a threat. "He's suing the state because he has been in an extreme isolation for 11 years, and has no contacts with other people except his guards," Breivik's lawyer Oeystein Storrvik told Reuters. In 2017, Breivik lost a human rights case when an appeals court overturned a lower court verdict that his near-isolation in a three-room cell was inhuman. Last year, a Norwegian court also rejected his parole application, saying he still posed a risk of violence.

Persons: Anders Behring Breivik, NTB Scanpix, Lise Aaserud, Breivik, He's, Oeystein Storrvik, Storrvik, Nerijus Adomaitis, Mark Potter, Angus MacSwan Organizations: Appeal, REUTERS, Rights, Reuters, Thomson Locations: Borgarting, Telemark, Skien, Norway, Rights OSLO, Oslo

REUTERS/John Sommers II/File Photo Acquire Licensing RightsAug 18 (Reuters) - Air cargo enjoyed record demand when COVID-19 closed borders and snarled supply chains. Now, it is reeling from overcapacity and tumbling freight rates as the freight boom makes a hard landing. Passenger jets grounded during the health crisis are flying again and bringing their lower-deck cargo space, which competes with dedicated air freighters, back into play. The Florida-based carrier cited "the unyielding and rapidly mounting macro-economic headwinds that plagued the entire air cargo transportation sector starting in late 2022". In June, air cargo experienced the slowest contraction since February 2022, the International Air Transport Association said.

Persons: John Sommers, Xeneta, they're, Peter Sand, we're, Sand, planemakers, Eddy Pieniazek, expective, Pieniazek, Robert, Tim Hepher, Lisa Bartlein, Allison Lampert, Valerie Insinna, Barbara Lewis Organizations: Parcel Service, UPS, REUTERS, Air, Reuters, Western Global Airlines, Japan Airlines, Xeneta, International Air Transport Association, Ishka, Cathay, HK, Boeing, Airbus, Aeronautical Engineers, Thomson Locations: Louisville , Kentucky, Delaware, Florida, China, Asia, United States, Miami

The U.S. dollar index was 0.097% higher on the day at 103.56, after hitting a two-month high of 103.59. The greenback has drawn support from a recent run of U.S. economic data reinforcing the view that interest rates will remain high for some time. The Australian dollar was last 0.44% lower at $0.64, having tumbled more than 0.9% to a trough of $0.6365 following the employment data release. The Norwegian crown rose from six-week lows against the dollar and the euro on Thursday after Norges Bank raised interest rates, as expected, and said it was likely to hike again in September. Against the dollar , the Norwegian crown was last up 0.22% to 10.60, having hit 10.66 earlier in the session.

Persons: Dado Ruvic, Adam Button, it's, Kathy Lien, Sterling, BoE, Hannah Lang, Joice Alves, Rae Wee, Angus MacSwan, Kirsten Donovan, Alexandra Hudson, Sandra Maler Organizations: REUTERS, Rights, Federal Reserve, Investors, U.S, Fed, Bank of Japan, Zealand, Norges Bank, Bank of England, Thomson Locations: Norwegian, Washington, London, Singapore

☆ Ukraine alone decides when conditions right for peace talks- NATO's Stoltenberg
▼ + stars: | 2023-08-17 | by ( ) www.reuters.com time to read: +2 min

ARENDAL, Norway, Aug 17 (Reuters) - It is up to Ukraine to decide when the conditions are right to join any negotiations following the Russian invasion, NATO chief Jens Stoltenberg said on Thursday, emphasising the alliance's unchanged stance after comments this week by a senior colleague. "It is the Ukrainians, and only the Ukrainians, who can decide when there are conditions in place for negotiations, and who can decide at the negotiating table what is an acceptable solution," Stoltenberg said. Speaking at a conference in the Norwegian town of Arendal, he added that NATO's role was to support Ukraine. "His (Jenssen's) message, and which is my main message, and which is NATO's main message, is, firstly, that NATO's policy is unchanged - we support Ukraine," Stoltenberg said. Reporting by Gwladys Fouche in Arendal and Victoria Klesty in Oslo; editing by Terje Solsvik and Keith WeirOur Standards: The Thomson Reuters Trust Principles.

Persons: Jens Stoltenberg, Stoltenberg, Stoltenberg's, Stian Jenssen, Jenssen, Volodymyr Zelenskiy, Gwladys, Terje Solsvik, Keith Weir Organizations: NATO, Kyiv, Victoria Klesty, Thomson Locations: ARENDAL, Norway, Ukraine, Norwegian, Arendal, Russia, Victoria, Oslo

☆ Ukraine angered by NATO official's suggestion that it could 'give up territory' to Russia and get NATO membership in return
▼ + stars: | 2023-08-16 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +3 min

A NATO official said Ukraine could give territory to Russia in order to join the military alliance. Ukraine's NATO membership has been a divisive issue among its Western allies. "I think that a solution could be for Ukraine to give up territory and get NATO membership in return," he said, per the Norwegian newspaper Verdens Gang. Ukraine's NATO membership has been a sticking point among its Western allies. "It's unprecedented and absurd when time frame is not set neither for the invitation nor for Ukraine's membership," Zelenskyy said last month.

Persons: Stian Jenssen, Jenssen, Mihaylo Podolyak, Podolyak, Volodymyr Zelenskyy, Zelenskyy Organizations: NATO, Service, Ukrainian, Norwegian, Gang Locations: Ukraine, Russia, Wall, Silicon, Arendal, Norway, Baltic States, France, Germany

☆ NATO official admits comments on Ukraine giving up territory to gain membership were a 'mistake'
▼ + stars: | 2023-08-16 | by ( Jenni Reid | ) www.cnbc.com time to read: +1 min

Stian Jenssen (left), Director of the Private Office of the NATO Secretary General, talks to the NATO Deputy Secretary General, Mircea Geoana during the informal meeting of NATO Ministers of foreign affairs on May 15, 2022 in Berlin, Germany. NATO official Stian Jenssen on Wednesday said comments he made the previous day regarding Ukraine ceding land in order to gain membership in the military alliance were a "mistake." Jenssen said during a panel debate in Arendal, Norway, "I think that a solution could be for Ukraine to give up territory, and get NATO membership in return," Norwegian newspaper VG reported Tuesday. A NATO press officer directed CNBC to the new VG article when asked for a statement from Jenssen, who is director of the private office of NATO Secretary-General Jens Stoltenberg. His words appeared to be criticized by Ukrainian presidential advisor Mykhailo Podolyak on social media, who called the concept of giving up territory for NATO membership "ridiculous."

Persons: Stian Jenssen, Mircea Geoana, Jenssen, Jens Stoltenberg, Mykhailo Podolyak Organizations: NATO, VG, CNBC Locations: Berlin, Germany, Ukraine, Arendal, Norway, Kyiv

☆ A passenger plane flew into Ukrainian airspace trying to avoid a storm, but made it through the warzone OK
▼ + stars: | 2023-08-16 | by ( Sophia Ankel | ) www.businessinsider.com time to read: +2 min

A Turkish passenger plane flew through Ukrainian airspace on July 25 for several hours. The airline — a new Turkish company called BBN — said the pilots were avoiding a storm. The plane, an Airbus A320-200 operated by Turkish company BBN Airlines, was flying from Oslo, Norway to Antalya, Turkey on July 25. Ukraine closed its airspace when Russia launched its full-scale invasion in February 2022, forbidding civilian aircraft to enter. The area the plane flew has not seen heavy fighting, which has been concentrated hundreds of miles to the east.

Persons: — Organizations: Civilian, Service, Airbus, BBN Airlines, New, Russian, Freebird Airlines, NRK, Ukraine's Ministry, Transport Locations: Turkish, Ukraine, Wall, Silicon, Ukraine's, Oslo, Norway, Antalya, Turkey, Chernivtsi, Russia, Norwegian, Romania

☆ Fast times, big crowds as worlds return to Europe
▼ + stars: | 2023-08-16 | by ( Mitch Phillips | ) www.reuters.com time to read: +4 min

Hungary itself has a woeful world championship record, having never won a gold medal. However, World Athletics says ticket sales have been "strong" and the purpose-built 30,000-capacity stadium, which boasts the same bouncy Mondo track that contributed to so many fast times in Tokyo. Still only 29, she is appearing in her sixth world championships seeking a third gold to add to two Olympic 1,500 metres titles. Norwegian duo Jakob Ingebrigtsen (1,500m) and Karsten Warholm (400m hurdles) are among the big names expected to triumph in the longer distances. With sprinters Marlies Goehr and Marita Koch - whose 1985 400m world record of 47.60 remains much quicker than any current athlete - leading the way, the original "state-sponsored" doping regime of East Germany topped the table with 10 golds.

Persons: Sha'Carri Richardson, Aleksandra Szmigiel, Sebastian Coe, Faith Kipyegon, Shelly, Ann Fraser, Pryce, Shericka Jackson, Dutchwoman Sifan Hassan, Lamont Marcell Jacobs, Briton Zharnel Hughes, Kenyan Ferdinand Omanyala, Fred Kerly, Jakob Ingebrigtsen, Karsten Warholm, Ryan Couser, Tobi Amusan, Coe, Marita Koch, Mitch Phillips, Ed Osmond Organizations: Diamond League, Doha, Paris Olympics, Athletics, WA, Kenyan, Eugene, Marathon, Marlies Goehr, Thomson Locations: Silesia, Silesian, Poland, Budapest, Eugene, United States, Hungary, Tokyo, Jamaica, U.S, Norwegian, East Germany

Norway wealth fund CEO Nicolai Tangen poses for a picture before a news conference held at the Norwegian central bank in Oslo, Norway January 31, 2023. The fund invests in 9,200 firms worldwide, for which it sets expectations on a range of issues, from children's rights to climate change. When talking to firms about responsible AI, the fund will concentrate particularly on the healthcare, finance and large tech sectors, because their use of the technology will have an especially strong impact on consumers. "They have to take responsibility for their development and use of AI," said Smith Ihenacho, adding the fund had already discussed AI with the large U.S. tech companies in its portfolio. In July, U.S. AI companies made voluntary commitments to the White House to implement measures such as watermarking AI-generated content to make the technology safer.

Persons: Nicolai Tangen, Will, Tangen, Carine Smith Ihenacho, Smith, Smith Ihenacho, Gwladys Fouche, Terje Solsvik, Jan Harvey Organizations: REUTERS, financials, Reuters, Companies, Microsoft, Nvidia, Tech, Thomson Locations: Norway, Norwegian, Oslo, Victoria, financials OSLO

☆ Norway seen lifting policy rate to 4.0% this week
▼ + stars: | 2023-08-15 | by ( ) www.reuters.com time to read: +2 min

"The risk of another double rate hike is clearly reduced," Handelsbanken said in an Aug. 11 note to clients. Norges Bank's monetary policy committee has said it will likely hike the policy rate to 4.25% in the course of this year to prevent a continued rapid rise in prices and wages that could see inflation become entrenched. The European Central Bank last month raised its key policy rate to 3.75%, but a narrow majority of economists polled by Reuters expect the ECB to temporarily pause its rate-hiking campaign at its September meeting. All 31 economists polled in the Aug. 10-15 period said Norges Bank would announce on Thursday that it will increase its policy rate by 25 bps to 4.00%. The poll's median prediction showed that the policy rate is expected to hit a peak of 4.25% later in the third quarter, although some predicted it could rise to 4.50% by the end of the year.

Persons: Handelsbanken, Terje Solsvik, Vijayalakshmi Srinivasan, Pai Sujith, Susan Fenton Organizations: Reuters, Norges, bps, Norges Bank, European Central Bank, ECB, Thomson Locations: OSLO, Norwegian, Bengaluru

☆ Norway wealth fund posts $143 bln profit as AI surge lifts tech
▼ + stars: | 2023-08-15 | by ( ) www.reuters.com time to read: +1 min

A general view of the Norwegian central bank, where Norway's sovereign wealth fund is situated, in Oslo, Norway, March 6, 2018. REUTERS/Gwladys Fouche/File Photo Acquire Licensing RightsARENDAL, Norway, Aug 15 (Reuters) - Norway's wealth fund, the world's largest single stock market investor, posted a profit of 1,501 billion crowns ($143 billion) in the first half of the year, driven by strong equity markets and a weak crown currency, the fund said on Tuesday. "The fund's equity investments had a strong first half after a weak 2022. The $1.4 trillion fund, which invests the Norwegian state's revenues from oil and gas production, owns on average 1.5% of all listed stocks worldwide. ($1 = 10.5224 Norwegian crowns)Reuters GraphicsReporting by Gwladys Fouche; writing by Nerijus Adomaitis; editing by Niklas PollardOur Standards: The Thomson Reuters Trust Principles.

Persons: Gwladys, Gwladys Fouche, Nerijus, Niklas Pollard Organizations: REUTERS, Rights, Equity, Technology, Thomson Locations: Norwegian, Oslo, Norway, Rights ARENDAL

☆ Ships backed up in Black Sea lanes as Russia warning shots raise tensions
▼ + stars: | 2023-08-14 | by ( Jonathan Saul | ) www.reuters.com time to read: +3 min

LONDON, Aug 14 (Reuters) - Merchant ships remained backed up in lanes around the Black Sea on Monday as ports struggled to clear backlogs amid growing unease among insurers and shipping companies a day after a Russian warship fired warning shots at a cargo vessel. After an inspection, the vessel continued its journey towards the Ukrainian port of Izmail along the Danube river, Russia said. Palau-flagged vessel Sukru Okan transits Bosphorus on its way to the Black Sea in Istanbul, Turkey August 13, 2023 this screen grab from a video. Romania on Monday said that it aimed to double the monthly transit capacity of Ukrainian grain to Constanta to 4 million tonnes in the coming months. Sunday's incident cast a pall over plans announced by Ukraine last week for a "humanitarian corridor" in the Black Sea to release cargo ships trapped in Ukraine's ports since the outbreak of war.

Persons: Vasily Bykov, Kviv, Izmail, Gard, Tayyip Erdogan, Vladimir Putin, Joseph Schulte, BSM, Jonathan Saul, Conor Humphries Organizations: Merchant, Insurance, REUTERS, UN, Group, Reuters, Thomson Locations: Russian, Russia, Palau, Izmail, Musura, Romanian, Constanta, Istanbul, Turkey, Romania, Ukraine, Moscow, Ukrainian, Norwegian, Odesa

☆ Ukrainian troops face critical delays while learning to pilot F-16 jets and won't be ready to fly until next summer
▼ + stars: | 2023-08-12 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +2 min

Ukraine has long called on Western allies to supply F-16 jets to aid in resisting Russian attacks. While allies including the US have agreed to provide the jets, pilot training has been delayed. Ukrainian troops won't be ready to fly the jets until next summer due to the delays, WaPo reported. President Joe Biden, who had staunchly opposed sending F-16s to Ukraine, in May reversed course and backed the idea of training Ukrainian troops to pilot the jets. The delays in training mean that Ukrainian pilots will be unable to use F-16s provided by allies until next summer, the outlet reported — unless another training pathway is provided.

Persons: WaPo, Joe Biden, Biden, Justin Bronk Organizations: Ukrainian, Service, Russian, US, Washington Post, Royal Norwegian Air Force Academy, Ukraine's Ministry of Defense Locations: Ukraine, Wall, Silicon, Netherlands, Denmark, United States, Ukrainian

CNN —A record-breaking Norwegian climber has hit out at what she calls “misinformation and hatred” surrounding claims she and her team climbed over a dying porter on K2 to summit the deadly peak. In a statement posted to her website on Thursday, Harila insisted she and her team did everything they could to save Pakistani mountain porter Mohammad Hassan. Pakistani mountain porter Mohammad Hassan died after slipping on K2, the world's second highest mountain. Kristin Harila/InstagramSteindl and Flämig said they later spoke with witnesses to confirm what had happened and ascertain the victim’s identity. We did not fully understand the gravity of everything that happened until later,” Harila added.

Persons: Kristin Harila, Lama –, Harila, Mohammad Hassan, Wilhelm Steindl, Philip Flämig, Flämig, ” Flämig, ”, Hassan, Steindl, ” Harila, “ Lama, Gabriel, Niranjan Shrestha, “, Lama Organizations: CNN, Austrian, Süddeutsche Locations: Austrian, Pakistani, Hassan, Base

☆ Haaland back in the groove with double as Man City win at Burnley
▼ + stars: | 2023-08-11 | by ( ) www.reuters.com time to read: +3 min

Haaland, who bagged a Premier League season-record 36 goals and a total of 52 in all competitions for treble winners City last season, slotted his side in front after four minutes. POACHER'S GOALHaaland's opening goal was a typical poacher's effort, pouncing to jab a shot past goalkeeper James Trafford after Rodri headed a De Bruyne cross back into the area. Burnley recovered from that early setback quite well and almost punished City for some sloppiness when Lyle Foster curled a shot past the far post. The second half was a lessen in game management by City who were content to run the legs out of Burnley. Haaland was substituted late on while City also offered a late cameo to new defensive signing Josko Gvardiol.

Persons: Erling Haaland, Haaland, Kevin de Bruyne, Rodri, Vincent Kompany, Anass Zaroury, Kyle Walker, Craig Pawson, Guardiola, James Trafford, Lyle Foster, De Bruyne, Mateo Kovacic, Julian Alvarez teeing, Josko Gvardiol, City's Rico Lewis, Martyn Herman, Ken Ferris Organizations: City Rodri, Turf Moor City, Premier League, BURNLEY, Manchester City, Burnley, Turf, City, Champions League, Thomson Locations: England, Norwegian, Burnley, City's

☆ Is Japan the Best Team Left in the World Cup?
▼ + stars: | 2023-08-10 | by ( Jeré Longman | More About Jeré Longman | ) www.nytimes.com time to read: +1 min

Having wilted after winning the 2011 World Cup in a penalty kick shootout against the United States, Japan has bloomed anew with versatility to play the possession style of short passes known as tiki-taka or to launch searing counterattacks. After a blistering 4-0 loss to Japan during group play, Spain Coach Jorge Vilda said that his team’s defeat had been psychic as well as numerical. “They’re so disciplined and very structured in the way they play offense and defense,” Hansen said. Sweden has scored four of its nine goals on corner kicks, a total that nearly grew last Sunday as it packed the six-yard box against the United States like a crowded elevator. But the Swedes could not manage a goal in 90 minutes of regulation and 30 minutes of overtime before subduing the Americans, finally and microscopically, on penalty kicks.

Persons: Jorge Vilda, ” Vilda, Caroline Graham Hansen, “, ” Hansen, Zecira Musovic, Jonna Andersson, Trinity Rodman, Lynn Williams Organizations: Japan, Norway, Champions League, Barcelona Locations: United States, Japan, Spain, Norwegian, Sweden

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