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☆ Norway government ministries hit by cyber attack
▼ + stars: | 2023-07-24 | by ( ) www.reuters.com time to read: +1 min

OSLO, July 24 (Reuters) - Twelve Norwegian government ministries have been hit by a cyber attack, the Norwegian government said on Monday, the latest attack to hit the public sector of Europe's largest gas supplier and NATO's northernmost member. That weakness has now been shut," Erik Hope, head of the government agency in charge of providing services to ministries, told a news conference. The attack was identified due to "unusual" traffic on the supplier's platform, Hope said, declining to provide specifics. Norway is Europe's largest gas supplier after a drop in Russian gas flows and Western Europe's largest oil exporter. Norway's state sector has been hit by cyber attacks previously, including in June 2022, when a so-called distributed denial-of-service (DDoS) attack took place, blamed on a "criminal pro-Russian group".

Persons: Erik Hope, Hope, Gwladys Fouche, Louise Rasmussen, Terje Solsvik Organizations: NATO, Thomson Locations: OSLO, Norwegian, Norway, Norway's, Russia, Ukraine

☆ Wall St sees bargains and lure of Europe buoying cruise, hotel earnings
▼ + stars: | 2023-07-24 | by ( Doyinsola Oladipo | ) www.reuters.com time to read: +4 min

Passenger ticket and onboard spending revenue is expected to increase 66% and 36%, respectively. Cabin bookings in the second quarter were up 58% compared to this time last year. For Carnival, booking volumes in the second quarter were 17% higher than in 2019, Carnival CEO Josh Weinstein told investors in June. Meanwhile, investors will be watching if record nightly rates for on-shore accommodations can offset revenue in the second quarter. Hotel and short-term rental rates were about 18% and 35% more expensive in the second quarter than in 2019, according to analytics firms CoStar and AirDNA.

Persons: Brandt Montour, McKinsey, Sylvia Jablonski, Patrick Scholes, Josh Weinstein, AirDNA, Hilton, Doyinsola Oladipo, Granth, Susan Heavey Organizations: YORK, Investors, Hilton Worldwide Holdings, Royal Caribbean Cruises, Barclays, Royal, Carnival Corp, Cruise Line Holdings, Airlines, Cruises, Cruise, Truist Securities, Thomson Locations: Europe, United States, AirDNA . U.S, Asia, New York, Bangalore

☆ AutoStore and Ocado reach deal to settle patent litigation claims
▼ + stars: | 2023-07-22 | by ( ) www.reuters.com time to read: +1 min

July 22 (Reuters) - Norwegian robotics firm AutoStore will pay 200 million pounds ($257.1 million) to British online supermarket group Ocado as part of a deal between the warehouse tech pioneers to settle all outstanding patent litigation claims, they said on Saturday. Under the deal announced in a statement on Saturday, all the patent litigation claims will be withdrawn globally and both firms can continue to use and market all their own existing products without challenge. AutoStore will pay the 200 million pounds to Ocado in instalments over a two-year period, according to the statement. The agreement does not allow for collaboration, technology support between the companies, or access to actual products, the statement said. ($1 = 0.7779 pounds)Reporting by Anirudh Saligrama in Bengaluru Editing by Jason Neely and Helen PopperOur Standards: The Thomson Reuters Trust Principles.

Persons: AutoStore, Anirudh, Jason Neely, Helen Popper Our Organizations: Thomson Locations: Norwegian, Bengaluru

☆ Kipyegon smashes mile world record, Warholm sparkles at Monaco Diamond League
▼ + stars: | 2023-07-21 | by ( ) www.reuters.com time to read: +3 min

July 21 (Reuters) - Kenya's Faith Kipyegon shattered the women's mile world record, while compatriot Ferdinand Omanyala won the men's 100 metres in a photo finish at the Monaco Diamond League meeting on Friday. "Tonight, I just confirmed what I am capable of," Omanyala said after securing his first Diamond League victory in the 100m. American Fred Kerley, who suffered his first defeat of the season last week at the Silesia Diamond League, did not run. Sweden's world record holder, Armand Duplantis, experienced a challenging time at the pole vault competition, losing the event for the first time this year. "Today did not go as planned, and this is my last competition before the World Championships in Budapest.

Persons: Kipyegon, Ferdinand Omanyala, Ciara Mageean, Omanyala, Jamaica's Ackeem Blake, Fred Kerley, Karsten Warholm, Alison Dos Santos, Warholm, Jamaica's, Jackson, Julien Alfred, Saint Lucia, Dina Asher, Smith, Armand Duplantis, Christopher Nilsen, Duplantis, Tommy Lund, Ken Ferris Organizations: Monaco Diamond League, Kenyan, Diamond League, Silesia Diamond League, Thomson Locations: Ireland, Botswana, Silesia, Oslo, Brazil, Budapest, Gdansk

☆ Dutch online marketplace OLX contributing to EU antitrust probe into Meta
▼ + stars: | 2023-07-21 | by ( Foo Yun Chee | ) www.reuters.com time to read: +1 min

BRUSSELS, July 21 (Reuters) - Dutch online marketplace OLX is helping EU antitrust enforcers in their investigation into Facebook owner Meta Platforms (META.O), the Naspers unit said on Friday. Meta, which contested the charges at a closed hearing held by the EU competition enforcer last week, has said the EU's case is without foundation. OLX said it took part in the hearing "to contribute to their (EU) investigation about Meta antitrust practices". OLX is owned by Dutch technology investor Prosus NV (PRX.AS), a subsidiary of South African technology investor Naspers (NPNJn.J). Norwegian media group Schibsted (SCHA.OL) also participated in the EU hearing.

Persons: OLX, Naspers, Foo Yun Chee, Louise Heavens Organizations: Facebook, Meta, European, Prosus NV, Thomson Locations: BRUSSELS, EU, Dutch, African, Norwegian

While there are no international sanctions on Russian metal, many consumers are shunning aluminium produced by Rusal (RUAL.MM), which accounts for 6% of global supplies. U.S. import tariffs on Russian aluminium and products are also prompting some consumers to "self-sanction". Some analysts estimate the discount for Russian aluminium at $100-$300 per metric ton, Norsk Hydro said. As LME aluminium prices are referenced in contracts between consumers, producers and traders, the dominance of Russian aluminium in the system is a problem, said Norsk Hydro's Chief Financial Officer Paal Kildemo. "There is still a risk that even more Russian aluminium will be delivered to LME further weighing on the reference price...

Persons: Paal Kildemo, Kildemo, Rusal, Pratima Desai, Polina Devitt, Eric Onstad, Veronica Brown, Jason Neely Organizations: London Metal Exchange, Norsk Hydro, Reuters, Britain's Financial, Authority, Norsk, Shanghai Futures Exchange, CME, Hydro, FCA, Thomson Locations: Norwegian

☆ Women’s World Cup Begins With Host Nations in Opening Games
▼ + stars: | 2023-07-20 | by ( Andrew Das | The New York Times | ) www.nytimes.com time to read: +9 min

He moved through the building site, discharging the firearm as he went. Clearly, with the FIFA World Cup kicking off this evening, there are a lot of eyes on Auckland. Image Members of the Philippines Women’s World Cup team in Auckland on Thursday. New Zealand’s prime minister, Chris Hipkins, said the Women’s World Cup would proceed as planned. Even before then, gun ownership was relatively rare in New Zealand, and gun violence is considered unusual.

Persons: Chris Hipkins, Andrew Coster, Coster, ”, David Rowland, Abbie Parr, ” Mr, Hipkins, cordoning, Saeed Khan, Lise Klaveness, ” Halvor Lea, Maren Mjelde, Jacinda Ardern, Juliet Macur, Andrew Das, Yan Zhuang, Tariq Panja Organizations: Armed Offenders Squad, FIFA, New Zealand Herald, Police, ., Eden, United States, Vietnam, Norway, New Zealand Police, Associated Press, New Zealand, Agence France, Norway women’s Locations: New Zealand, Auckland, Queen, Auckland , New Zealand, Norway, Auckland’s, U.S, Australia, Ireland, Philippines, ”, Norwegian, Christchurch, North, Raurimu, Aramoana, Sydney

SYDNEY/AUCKLAND, July 20 (Reuters) - Australia and New Zealand will open the ninth Women's World Cup co-hosted by the two nations on Thursday, despite a shooting near the Norwegian team hotel in New Zealand's largest city of Auckland that left three dead and six injured. Tracey Taylor, a professor of sports management at RMIT University in Melbourne, said many members of grassroots football clubs expected the tournament to have a transformative effect for participation in women’s sport in Australia. Several participating nations, including tournament heavyweights England and Spain, have been in dispute with their administrators over working conditions and pay in recent months. “It’s a once-in-a-lifetime opportunity for many New Zealanders to experience a top-tier FIFA World Cup event,” he said. Reporting by Alasdair Pal in Sydney; Additional reporting by Renju Jose in Sydney and Philip O'Connor in Stockholm; Editing by Lincoln Feast.

Persons: Chris Hipkins, Maren Mjelde, Sydney –, Tracey Taylor, ”, Sam Kerr, Anthony Albanese, Fatma, “, Grant Robertson, “ It’s, Alasdair Pal, Renju Jose, Philip O'Connor, Lincoln Organizations: SYDNEY, Police, New Zealand, New Zealand’s Football Ferns, Norway, Gang, Australia, RMIT University, England, rugby, Blacks, FIFA’s, Kiwis, Zealand, Wednesday, FIFA, Thomson Locations: AUCKLAND, Australia, New Zealand, Norwegian, New Zealand's, Auckland, Eden, Norway, Republic of Ireland, Sydney, England, Melbourne, Spain, France, Zealanders, Stockholm

☆ Women’s World Cup 2023: When, how to watch and everything you need to know
▼ + stars: | 2023-07-19 | by ( George Ramsay | ) edition.cnn.com time to read: +8 min

CNN —The ninth edition of the FIFA Women’s World Cup gets underway in Auckland on Thursday as co-host New Zealand takes on Norway. For the first time ever, the Women’s World Cup will be hosted across two countries: Australia and New Zealand. Sydney Football Stadium will host six Women's World Cup games. A record 32 teams will take part in the World Cup, eight more than the previous two editions. Brazilian superstar Marta, 37, is set to end her international career having scored a record 17 Women’s World Cup goals, while the USWNT’s Megan Rapinoe has also announced that she will retire after what will be her fourth and final World Cup.

Persons: Sydney –, Cameron Spencer, Jason McCawley, Alex Morgan, Brad Smith, Sam Kerr, Kerr, Michael Regan, Marta, Megan Rapinoe, Trinity Rodman, Sophia Smith, Alyssa Thompson, Spain’s Alexia Putellas, d’Or, –, Keira Walsh, Asisat Oshoala, Ada Hegerberg, Ballon d’Or, Caroline Graham Hansen, Wendie Renard, Pernille, Alexandra Popp, James Williamson, Vivianne Miedema, Leah Williamson, Beth Mead, Macario, Giulia Gwinn, Iman Beney, Becky Sauerbrunn, Mallory Swanson, Gianni Infantino Organizations: CNN, FIFA, Zealand, US Women’s National, Southern Hemisphere, Australia –, Sydney, Sydney Football, Australia, FOX Sports, Telemundo, Seven Network, Optus Sport, BBC, ITV, Republic of Ireland, Stadium Australia, England, Gracenote, Wales, USSF, Getty, of Ireland Nigeria Canada Group, Spain Costa Rica Zambia, England Haiti Denmark China, France Jamaica Brazil Panama Group, Africa Italy Argentina, Germany Morocco Colombia South Korea Players, Chelsea, Manchester City, Ballon, Japan Locations: Auckland, Norway, Australia, New Zealand, Brisbane, Adelaide, Perth, Melbourne, Dunedin, Hamilton, Wellington, Sydney’s, France, United Kingdom, Republic of, Sydney, United States, Germany, Netherlands, Haiti, Morocco, Panama, Philippines, Portugal, Republic of Ireland, Vietnam, Zambia, Sweden, England, Spain, San Jose , California, New Zealand Norway Philippines Switzerland, Spain Costa Rica, Spain Costa Rica Zambia Japan, England Haiti, United States Vietnam Netherlands Portugal, France Jamaica, Africa, Germany Morocco Colombia, Brazilian, Barcelona, Norwegian, Denmark, Brazil, Swiss, Qatar

☆ Women’s World Cup: Hosts New Zealand and Australia kick off 2023’s summer of football
▼ + stars: | 2023-07-19 | by ( Thomas Schlachter | ) edition.cnn.com time to read: +5 min

CNN —The 2023 Women’s World Cup finally gets underway on Thursday with the two host nations kicking off the tournament and the summer of footballing festivities. “What this World Cup stands for, and these milestones are even more important and bigger than me and any of my goals on the soccer field. John Cowpland/APAda Hegerberg’s World Cup comebackNorway comes into the game against their hosts as heavy favorites and with star quality all over the pitch. McCabe has overcome a late injury scare to make the World Cup and embodies her national team’s courageous and battling style of play. Stephen McCarthy/Sportsfile/Getty ImagesHow to watchNew Zealand vs Norway kicks off at 03:00 AM ET with Australia vs Republic of Ireland starting at 08:00 AM ET.

Persons: Ada Hegerberg, Sam Kerr, “, Ali Riley, CNN’s Amanda Davies, ” Riley, John Cowpland, Ada, Ballon d’Or Féminin, Hegerberg, Harriet Lander, Kerr, Michael Regan, Katie McCabe, McCabe, Stephen McCarthy Organizations: CNN, Norway, New, New Zealand, Zealand, Football Ferns, football’s, Hegerberg, Norwegian Football Federation, Olympique Lyonnais Féminin, Getty, Australia, Republic, Chelsea, Brazil, USA, Italy, Women's Super League, Republic of Ireland, Colombia, Football Association of Ireland, FAI, Arsenal Locations: New Zealand, Norway, Australia, Republic of Ireland, New, Zealand, Ireland, Republic of, The Republic, Swiss, Brisbane

☆ So what happens if the world's largest cruise ship — 5 times bigger than the Titanic — hits an iceberg?
▼ + stars: | 2023-07-19 | by ( Kelsey Vlamis | ) www.businessinsider.com time to read: +2 min

The Icon of the Seas, set to sail in January, is five times the size of the Titanic. If it did strike ice, Royal Caribbean says it has enough lifeboats and rafts for everyone on board. Turns out it is very rare for a cruise ship today to strike an iceberg, but it's not impossible. Cruise ships rely on radar technology and satellite monitoring to avoid collisions with icebergs. Thankfully cruise ships today are also better prepared for disaster.

Persons: it's, Stewart Chiron, Guy, Chiron, there's Organizations: Royal, Morning, Seas, New York Times, Norwegian Cruise Line, USA Today, Passengers Locations: Royal Caribbean, Norwegian, Alaska

☆ Three killed in Auckland shootout ahead of World Cup kick off
▼ + stars: | 2023-07-19 | by ( ) www.reuters.com time to read: +3 min

AUCKLAND, July 20 (Reuters) - At least two people and an armed attacker were killed and six others wounded in a shooting in New Zealand's largest city of Auckland on Thursday, hours ahead of the opening match of the Women's soccer World Cup in the city. [1/4]Police vehicles are seen near the location of a reported shooting in Auckland, New Zealand on July 20, 2023. REUTERS/Nathan FrandinoHipkins is travelling to Auckland later in the day and is expected to provide more updates. The shootout occurred close to where several soccer players were housed. Norway plays New Zealand in the opening match of the tournament at Eden Park in Auckland later on Thursday.

Persons: Chris Hipkins, Hipkins, Nathan Frandino Hipkins, Maren Mjelde, Douglas Emhoff, Kamala Harris, Auckland Mayor Wayne Brown, Renju Jose, Praveen Menon, Sandra Maler, Stephen Coates Organizations: AUCKLAND, Police, REUTERS, Norwegian, Verdens Gang, New Zealand, Eden, Auckland Mayor, Thomson Locations: Zealand's, Auckland, Auckland , New Zealand, Norway, New, Italy, U.S, New Zealand, Sydney

☆ Dollar bounces from 15-month low on strong core U.S. retail sales
▼ + stars: | 2023-07-18 | by ( Karen Brettell | ) www.reuters.com time to read: +3 min

NEW YORK, July 18 (Reuters) - The U.S. dollar rose from a 15-month low against a basket of currencies on Tuesday after core retail sales saw strong gains in June, as investors wait on the Federal Reserve’s interest rate decision next week. Headline U.S. retail sales rose less than expected in June, with a 0.2% increase during the month. Excluding automobiles, gasoline, building materials and food services, retail sales increased 0.6% in June. Data for May was revised slightly up to show core retail sales increasing 0.3% instead of the previously reported 0.2%. The dollar rose 0.10% against the Japanese yen to 138.83, after dropping to 137.245 on Friday, the lowest since May 17.

Persons: ”, Bipan Rai, ” Rai, Klaas Knot, Samuel Indyk, Sharon Singleton, William Maclean Organizations: YORK, U.S, Headline U.S, CIBC Capital Markets, Bank of America, Norwegian krone, European Central Bank, Reserve Bank of Australia's, Thomson Locations: North American, Toronto, U.S, Britain, Japan, Norwegian, London

☆ Mattel hated the 1997 song 'Barbie Girl' so much that it sued. Now, the song is making a return thanks to Greta Gerwig.
▼ + stars: | 2023-07-18 | by ( Grace Dean | ) www.businessinsider.com time to read: +5 min

Aqua's chart-topping 1997 hit "Barbie Girl" called the doll a "blond bimbo" and was full of innuendos. "Barbie Girl" is now being revived in Greta Gerwig's film with a performance by Nicki Minaj and Ice Spice. But no one really thought that the tongue-in-cheek song could have been written by Mattel, Lobel wrote. Years later, Mattel even bought the rights to the song from Aqua, Lobel wrote. The song is now making a comeback, in a way, thanks to Greta Gerwig's "Barbie" film, which is hitting cinemas this Friday.

Persons: bimbo, Greta Gerwig's, Nicki Minaj, Elton John, Barbie —, Lobel, Aqua, Barbie, Ken, Barbie's Dreamhouse, Lene Nystrøm, René Dif, hanky, Mattel, Alex Kozinski, Vinnie Zuffante, Michael Ochs, Nystrøm, Stone, Pamela Anderson, Kozinski Organizations: Mattel, MCA Records, Service, Universal Music, Michael Ochs Archives, Aqua, YouTube, Spotify Locations: Wall, Silicon, Norwegian, Australia, Barbie's

☆ Are Cruises ‘Corny’? Some First-Time Passengers Looking for a Deal Say Maybe Not.
▼ + stars: | 2023-07-18 | by ( Ceylan Yeginsu | More About Ceylan Yeginsu | ) www.nytimes.com time to read: +1 min

It wasn’t just the horror stories about passengers stuck on cruise ships during the pandemic (though that was part of it). “I always thought of cruises as corny vacations for the elderly,” said Mr. Brown, 32, a member of the logistics team at the New York streetwear company Supreme. “You get to see all these different places and can take day trips without having to lug your baggage around,” Mr. Brown said. Out of the 4,500 respondents who took their first cruise, 88 percent of millennials and 86 percent of Gen X said they would do it again, according to CLIA. The association projects cruise tourism to reach 106 percent of 2019 passenger volume in 2023.

Persons: Holden Brown, “, ”, Brown, Genevieve, ” Mr, Gen X Organizations: Norwegian Prima, Cruise Lines International Association Locations: York, Norwegian, Barcelona, Rome, Florence, Italy, Valencia, Ibiza, Spain, Cannes, France, millennials

☆ Stocks making the biggest moves premarket: Bank of America, Pinterest, Masimo & more
▼ + stars: | 2023-07-18 | by ( Peter Schacknow | ) www.cnbc.com time to read: +2 min

Check out the companies making the biggest moves before the bell:Bank of America — Bank of America added 0.4% in the premarket after beating top and bottom line estimates for the second quarter. Bank of N.Y. Mellon — The bank reported better-than-expected profit and revenue for the second quarter. However, the stock fell more than 1%PNC Financial — PNC shares fell 2.7% in the premarket after posting lower-than-expected quarterly revenue, even as earnings beat forecasts. Novartis — Novartis jumped 2.9% in premarket action after the drug maker raised its full-year outlook on strong pharmaceutical sales. Norwegian Cruise Line — The cruise line operator's stock slid 1.8% in premarket action after Truist downgraded the stock to a hold from a buy.

Persons: Masimo — Masimo, Pinterest — Pinterest, Evercore, Truist Organizations: of America — Bank of America, Bank, N.Y, Mellon, PNC Financial, PNC, Verizon, Novartis, Sandoz, Evercore ISI, Norwegian Cruise Locations: San Francisco ., BofA, Norwegian

☆ NATO's northernmost members are preparing for an undersea showdown with Russia
▼ + stars: | 2023-07-18 | by ( Constantine Atlamazoglou | ) www.businessinsider.com time to read: +8 min

NATO navies worry about those subs and they've increased their focus on countering undersea threats. Nordic navies are investing in their own submarine fleets to keep track of Russia's boats. A particular concern for the alliance is Russia's submarines, many of which are assigned to those two fleets. The potential threat from Russia's undersea forces has prompted its neighbors to reevaluate their own submarine needs. But Sweden's western neighbors, Norway and Denmark, both see a need for bigger sub fleets.

Persons: Christopher Cavoli, OLGA MALTSEVA, Ronald Reagan, Fredrik Linden, Petty, Marlowe Dix, Michael Aastrup Jensen, Aastrup Jensen, HENRIK MONTGOMERY, Eirik Kristoffersen, Kristoffersen, Constantine Atlamazoglou Organizations: NATO, Nordic, Service, Baltic, US, Command, Allied, Getty, North Atlantic, Baltic Fleet, Navy, Submarine, Reuters, Naval, Norfolk, US Navy, Hudson Institute, Getty Images, Submarines, Armed Forces, Fletcher School of Law, LinkedIn, Twitter Locations: Ukraine, Wall, Silicon, Nordic, Gulf of Finland, St . Petersburg, AFP, Finland, North, Russia's, Kaliningrad, Russia, Baltic, Sweden, Swedish, Gotland, Blekinge, Navy Gotland, Sweden's, Norwegian Ula, Norway, Denmark, Danish, Ula, Oslo, Swedish Gotland, Halland, Stockholm

☆ Here are Tuesday's biggest analyst calls: Apple, Alphabet, Pinterest, Netflix, Amazon, Nvidia & more
▼ + stars: | 2023-07-18 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Here are Tuesday's biggest calls on Wall Street: Jefferies reiterates Apple as buy Jefferies said it's expecting a "quiet quarter" when the company reports earnings Aug. 3. Wells Fargo reiterates Netflix as overweight Wells said it's bullish heading into the company's earnings report Wednesday. Jefferies reiterates Alphabet as buy Jefferies said it's bullish heading into Alphabet earnings next week. Bank of America downgrades Lumentum to neutral from buy Bank of America called the stock an "overstated" AI beneficiary. JPMorgan reiterates Amazon as overweight JPMorgan said the e-commerce giant is its top pick heading into earnings. "

Persons: Jefferies, it's, Wells, Truist, Piper Sandler, Dave, Buster's, Piper, Bernstein, Goldman Sachs, Goldman, Max, Roth, Uber, Roth MKM, it's bullish, Morgan Stanley, Evercore, Marvell, Williams Deutsche, Sherwin Williams, JPMorgan Organizations: Apple, Netflix, Argus, Warner Brothers Discovery, Citi, Polaris Citi, 2Q, Bank of America, Nvidia, American Express, Digital, Marvell Technology Inc, Global, Inc, Deutsche Bank, Sherwin, JPMorgan Locations: capex

Versus the yen the dollar fell 0.28% to 138.36 yen per dollar, after touching its lowest against the Japanese currency in two months on Friday. ,"The FX market is front running possible normalisation of Fed policy in 2024," said Chris Weston, head of research at broker Pepperstone in Melbourne. "The question then is whether the dollar sell-off has gone too far and we are at risk of mean reversion early this week." The Swedish and Norwegian crowns continued to climb after making gains of more than 5% on the dollar last week. The Swedish crown rose 0.2% to 10.2360 against the dollar, the Norwegian crown rose instead 0.4% to 10.0160.

Persons: Francesco Pesole, Chris Weston, Carol Kong, Sharp, Joice Alves, Tom Westbrook, Angus MacSwan, Andrew Heavens Organizations: ING, Federal Reserve, Fed, European Central Bank, Pepperstone, U.S, New Zealand, Commonwealth Bank of Australia, dovish Bank of, Thomson Locations: SYDNEY, U.S, Germany, Europe, Melbourne, dovish Bank of Japan, Norwegian, London, Sydney

☆ Dollar licks wounds as policy peak looms
▼ + stars: | 2023-07-17 | by ( Tom Westbrook | ) www.reuters.com time to read: +3 min

The euro , which jumped 2.4% last week to a 16-month high, held just below that peak at $1.1223. The yen , also up 2.4% last week, held at 138.56 per dollar. The Australian and New Zealand dollars pulled back slightly, with the Aussie last at $0.6821 - off last week's peak of $0.6895 - and the kiwi down 0.2% at $0.6355 after hitting a five-month high of $0.6412 on Friday. The Swedish and Norwegian crowns made gains of more than 5% on the dollar last week, and have paused for breath. "By then other major central banks including the ECB will also likely have reached their peak policy rates ... interest rate dynamics may therefore swing back in favour of the dollar."

Persons: Carol Kong, Chris Weston, Sharp, Jane Foley, Tom Westbrook, Sam Holmes, Stephen Coates Organizations: SYDNEY, New Zealand, Commonwealth Bank of Australia, Federal Reserve, European Central Bank, Pepperstone, U.S, dovish Bank of Japan, ECB, Thomson Locations: Europe, Melbourne, Asia

☆ Norway regulator to fine Meta over privacy breaches
▼ + stars: | 2023-07-17 | by ( ) www.reuters.com time to read: +2 min

Regulator Datatilsynet said it would charge the fine every day from Aug. 4 until Nov. 3 unless Meta takes action. Datatilsynet has referred its move to the European Data Protection Board, which, if the latter agrees, could make the fine permanent and widen the decision's territorial scope in Europe. Datatilsynet's decision comes days after the European Union's top court ruled Meta cannot harvest user data for behavioural advertising. In December the data regulator in Ireland (DPC), where Meta has its European headquarters, said the firm had to stop the practice. "We continue to constructively engage with the Irish DPC, our lead regulator in the EU, regarding our compliance with its decision," Meta said.

Persons: Datatilsynet, Meta, Tobias Judin, Gwladys Fouche, Anna Ringstrom, Jason Neely Organizations: Meta, Big Tech, Reuters, European Data Protection, European, NRK, Thomson Locations: OSLO, Norway, Datatilsynet, Europe, Ireland, Norwegian

☆ Dollar licks wounds as China data looms
▼ + stars: | 2023-07-17 | by ( Tom Westbrook | ) www.reuters.com time to read: +2 min

The euro , which jumped 2.4% last week to a 16-month high, held just below that peak at $1.1228. The yen , also up 2.4% last week, held at 138.69 per dollar. "The FX market is front running possible normalisation of Fed policy in 2024," said Chris Weston, head of research at broker Pepperstone in Melbourne. "The question then is whether the dollar sell-off has gone too far and we are at risk of mean reversion early this week." The Swedish and Norwegian crowns made gains of more than 5% on the dollar last week.

Persons: Chris Weston, Sharp, Jane Foley, Tom Westbrook, Sam Holmes Organizations: SYDNEY, Federal Reserve, European Central Bank, Pepperstone, U.S, New Zealand, dovish Bank of Japan, ECB, Thomson Locations: U.S, Europe, Melbourne, Asia

☆ Smart ways to save money in Europe this crazy, crowded summer
▼ + stars: | 2023-07-15 | by ( Terry Ward | ) edition.cnn.com time to read: +12 min

“Last-minute flight prices, especially international ones, are expensive,” says Katy Nastro of Going.com (formerly Scott’s Cheap Flights) about airfares from North American to Europe. “Their best value comes when cash prices are high, and there’s no time more expensive than last-minute summer travel,” Nastro says. CNN Travel talked to travel agents, experts and expert travelers, too, for their tips on saving money on European travels this unprecedented summer. “Most travelers going to Europe have a few destinations in mind, “ says Henley Vazquez, co-founder of luxury travel advisor group Fora. These places he calls “the Chicagos of Europe” include Marseille in France, Hamburg in Germany and Liverpool in England.

Persons: CNN —, “, Katy Nastro, you’ll, Nastro, you’ve, ” Nastro, Hevelyn Villar Silva, Hevelyn Villar, ”, Colleen McDaniel, Henley Vazquez, Fora, ” Eurail, Eurail, Ethan Williams, Austria’s, Georgia Bird, Rome Ciampino, Rome Fiumicino, snagging, Ignacio Eguren, ” Eguren, Eguren, Booking.com, aren’t, Rick Steves, ” Steves, Steves, … Organizations: CNN, Cruise, Magnifica, MSC Cruises, MSC Magnifica, Caribbean’s Symphony, Palma de Mallorca, Milan Central Station, Getty, Czech Railways, Saint, Alamy, “, Smart, Library, Rembrandt, Best, Premier Faubourg, CNN Travel, Liverpool, Scala, Scala Santa Holy, Scotsman Locations: Europe, North American, ”, Tampa , Florida, Genoa, Valencia, Spain, Pisa, Portofino, Italy, France, Palma de, Athens, Svalbard, Bergen, Norway, “, Germany, Czech, Czech Republic, Rome, Saint Martin, Paris, mauritius, Checkin Cantabria, Cantabria, Paris ’, Copenhagen, you’ll, Oslo, Marseille, Hamburg, England, Scala Santa

☆ Kahoot agrees to $1.72 billion cash offer from Goldman Sachs, other investors
▼ + stars: | 2023-07-14 | by ( ) www.reuters.com time to read: 1 min

COPENHAGEN, July 14 (Reuters) - Norway's Kahoot (KAHOT.OL) has agreed to a voluntary cash offer of 17.2 billion Norwegian crowns ($1.72 billion) from the private equity business within Goldman Sachs Asset Management and a group of other investors, the company said in a statement on Friday. Goldman set up Norwegian company Kangaroo for the offer that the bank is making with General Atlantic, Kirkbi invest, Glitrafjord and others, Kahoot said in a statement. The offer sent the shares up more than 10% to 34.5 crowns, nearing the offer price of 35 crowns per share. The planned transaction was unanimously recommended by Kahoot's board, the company said. ($1 = 9.9809 Norwegian crowns)Reporting by Louise Breusch Rasmussen, editing by Essi LehtoOur Standards: The Thomson Reuters Trust Principles.

Persons: Goldman, Kahoot, Louise Breusch Rasmussen, Essi Organizations: Goldman Sachs Asset Management, General Atlantic, Thomson Locations: COPENHAGEN

☆ Aker BP CEO says second-quarter results were ‘extremely positive’
▼ + stars: | 2023-07-14 | 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 EmailAker BP CEO says second-quarter results were ‘extremely positive’Karl Johnny Hersvik, CEO of Aker BP, discusses the Norwegian oil group’s second-quarter earnings and the firm’s outlook for the rest of the year.

Persons: Karl Johnny Hersvik Organizations: Email Aker, Aker BP

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