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☆ NATO navies are worried about Russia using its unique weapons to pick a fight on territory nobody controls
▼ + stars: | 2023-11-29 | by ( Constantine Atlamazoglou | ) www.businessinsider.com time to read: +8 min

Recent damage to undersea pipelines and cables in Europe has raised concern among NATO members. AdvertisementThe emphasis on defending underwater infrastructure is visible in the alliance's operations. The annual Dynamic Messenger exercise includes a focus on protecting critical underwater infrastructure and involves information exchanges between alliance militaries and private-sector actors. OLE BERG-RUSTEN/NTB/AFP via Getty ImagesProtecting underwater infrastructure is no simple task, however. AdvertisementThe situation becomes more complicated because underwater infrastructure often passes through international waters, muddling the legal framework around its protection and making a response harder.

Persons: —, David Cattler, Shawn Coover, Adm, Ben Key, Jens Köhler, JEF, Andrey Luzik, Key, Constantine Atlamazoglou Organizations: NATO, Service, Finnish Border Guard, REUTERS, Steam, US Marine Corps, Staff, British Royal Navy's, Royal Navy, Getty, Joint Expeditionary Force, Norwegian Coast Guard, OLE BERG, Russia Ministry of Defense, Directorate, Fletcher School of Law, LinkedIn, Twitter Locations: Europe, Russia, NATO's, Estonia, Finland, Baltic, Norway, Norwegian, Germany, Ukraine, Hiddensee, Nordic, AFP, Severomorsk

Travellers walk with their suitcases at Beijing Daxing International Airport in Beijing, China April 24, 2023. A recent Pew Research Center survey in 24 countries revealed that views of China were broadly negative, with 67% of adults expressing unfavourable views. Visa-free travel to Germany for Chinese nationals would only be possible if all members of the European Schengen Agreement approved, she said. This month, China expanded its visa-free transit policy to 54 countries to include citizens of Norway. It resumed 15-day visa-free entry for citizens of Singapore and Brunei in July.

Persons: Tingshu Wang, Patricia Flor, Catherine Colonna, Wang Yi, Joe Cash, Ethan Wang, Ryan Woo, Christopher Cushing, Kim Coghill, Miral Organizations: Beijing Daxing International, REUTERS, Rights, Pew Research Center, Visa, French, Chamber of Commerce, Thomson Locations: Beijing, China, Rights BEIJING, France, Germany, Italy, Netherlands, Spain, Malaysia, Taiwan, Norway, Singapore, Brunei

☆ Orsted pulls out of Norway offshore wind consortium
▼ + stars: | 2023-11-13 | by ( ) www.reuters.com time to read: +2 min

Earlier this month the Danish company, the world's largest offshore wind developer, also scrapped two U.S. offshore wind projects, flagging $5.6 billion in related impairments as costs ballooned due to rising interest rates and supply bottlenecks. Olsen Renewables AS, and Norwegian power producer Hafslund formed the Blaavinge consortium in 2021 to take part in planned offshore wind tenders in Norway. Olsen Seawind and Hafslund will not be able to participate in the bottom-fixed wind tender now that Orsted has pulled out of the consortium, Bonheur said. However, they still plan to work on a tender for floating offshore wind turbines. Norway has yet to announce the date for a floating offshore wind tender.

Persons: Tom Little, Orsted, Bonheur's, Olsen, Fred, Hafslund, Olsen Seawind, Bonheur, Nerijus Adomaitis, Susan Fenton Organizations: REUTERS, Rights, Bonheur ASA, Fred, Olsen Seawind ASA, Olsen Renewables AS, Thomson Locations: Nysted, Denmark, Rights OSLO, Norway, Danish, Norwegian

☆ Protesters demand Gaza ceasefire
▼ + stars: | 2023-10-28 | by ( ) www.reuters.com time to read: 1 min

[4/28]The Church of Norway and several organizations organize a demonstration in front of the Norwegian Parliament, demanding immediate stop to the killing of civilians in Israel and Gaza, in Oslo, Norway October 28. NTB/Frederik Ringnes via REUTERSOSLO, NORWAY

Persons: NTB, Frederik Ringnes Organizations: of, REUTERS Locations: of Norway, Norwegian, Israel, Gaza, Oslo, Norway, REUTERS OSLO, NORWAY

☆ ATP roundup: Andrey Rublev wins in Vienna, lands Finals spot
▼ + stars: | 2023-10-27 | by ( ) www.reuters.com time to read: +2 min

Rublev had 21 winners against six unforced errors while reaching the Finals for the fourth straight year. Arnaldi had 19 winners and 11 unforced errors. Croatian wild card Borna Gojo had 22 winners and five unforced errors while upsetting sixth-seeded Tommy Paul 6-3, 6-4. Shevchenko, from Russia, had 40 winners and just eight unforced errors while outlasting third-seeded Taylor Fritz 6-7 (7), 7-6 (6), 7-6 (5). Griekspoor of the Netherlands need just 84 minutes to complete a 6-4, 6-3 win over Australia's Alex de Minaur, the No.

Persons: Andrey Rublev, Russia's Daniil Medvedev, Brendan Mcdermid, Italy's Matteo Arnaldi, Rublev, Arnaldi, Daniil Medvedev, Medvedev, Bulgaria's Grigor Dimitrov, Sinner, Lorenzo Sonego, Gojo, Tommy Paul, Tsitsipas, Tomas Machac, Frances Tiafoe, France's Gael Monfils, Basel Dominic Stricker, Alexander Shevchenko, Tallon Griekspoor, Ugo Humbert, Casper Ruud of Norway, Taylor Fritz, Alex de Minaur, France's Humbert, Nicolas Jarry of, Holger Rune, Argentina's Sebastian Baez, Felix Auger, Botic van de Zandschulp Organizations: Russia's, Russia's Daniil Medvedev REUTERS, Erste Bank, France's Gael, Swiss, Basel, Shevchenko, Denmark, Thomson Locations: Flushing Meadows , New York, United States, Vienna, Croatian, Czech Republic, Switzerland, Stricker, Russia, Netherlands, Nicolas Jarry of Chile, Canada

☆ Norway’s Ingebrigtsen family is ripped apart by allegations of ‘aggression and physical punishment’
▼ + stars: | 2023-10-27 | by ( George Ramsay | ) edition.cnn.com time to read: +8 min

Such was the case for Gjert Ingebrigtsen, who was the coach to three of his seven children: Henrik, Filip and Jakob, the one who raced to Olympic gold in Tokyo two years ago. Because he’s anxious and he has nerves and he responds by getting irritated and angry about the little stuff.”CNN has contacted representatives for the Ingebrigtsen brothers for further comment. Team Ingebrigtsen, a documentary series first aired in 2016, has shed light on the family dynamic, particularly the father-coach relationship between Gjert and his sons. “I would say that after the royal family, I think they are the most famous family in Norway,” said Folvik. In two separate statements, the federation said that it wants to create a “safe environment” for athletes and made reference to comments made by the Ingebrigtsen brothers in the media.

Persons: Timothy Cheruiyot, Gjert Ingebrigtsen, Henrik, Filip, Jakob, ” Henrik, ” Jakob Ingebrigtsen, Matthias Hangst, “, Elden Advokatfirma, ”, Terese Braut Våge, ” John Christian Elden, Filip Ingebrigsten, Michael Steele, Martin, Gjert, Norway’s, ’ Henrik, Erling Haaland, Martin Ødegaard, Viktor Hovland, ” Herman Folvik, it’s, Team Ingebrigtsen, Narve Gilje Nordås, Narve, Nordås, Sam Mellish, – Organizations: CNN, Kenyan, Tokyo, CNN Sport, New York Times, VG, Team, Norwegian Athletics Federation Locations: Tokyo, Berlin, Norway, Budapest, Hungary

Magnus Mæland, the municipality mayor, then angrily removed the Russian wreath — only to have a woman, described by Norwegian public broadcaster NRK as being Russian, put it back. In 2019, on the 75th anniversary, Russia’s Foreign Minister Sergei Lavrov laid wreaths at the monument and stood side-by-side with Norway’s foreign minister. On Saturday, Konygin gave a speech at the war memorial in the same Norwegian border town. Visiting locals from the Russian border town of Nikel faced the diplomat while residents from Kirkenes silently turned their back to him, according to the online outlet the Barents Observer. Locals had already placed a wreath at the monument before Konygin arrived, with the text “to our Ukrainian heroes from 1944 and 2022," according to the Barents Observer.

Persons: Magnus Mæland, ” Mæland, Marit Bjerkeng, Harald Sunde, Sergei Lavrov, Nikolai Konygin, Konygin Organizations: NRK, Russia’s, Observer, Locals, Barents Observer, Soviet Union Locations: COPENHAGEN, Denmark, Russian, Kirkenes, Norway, Soviet, Norwegian, Russia, Ukraine, Nazi Germany, Nikel

☆ Photos show the recently discovered wreck of a World War II-era submarine more than 80 years after a German sub sank it
▼ + stars: | 2023-10-20 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +4 min

Researchers discovered the wreck of a World War II-era submarine off the coast of Norway this year. The HMS Thistle was a British sub that sank after being hit by a German vessel in 1940. AdvertisementAdvertisementA crew of Norwegian maritime researchers said they stumbled upon the long-lost wreck of a World War II-era British submarine that was torpedoed by a German submarine in 1940 just seven months after the war began. The HMS Thistle was torpedoed by a German submarine in April 1940. The HMS Thistle wreck is more than 500 feet below the ocean's surface.

Persons: —, Kjell Bakkeplass, Oxley, Bakkeplass Organizations: HMS Thistle, Service, Norway's Institute, Marine Research, Institute of Marine Research, HMS, British Royal Navy, Institute for Marine Research, Norwegian, Thistle, Royal Navy Locations: Norway, British, Norwegian, German, Rogaland

The NewNew Polar Bear is a container ship travelling between Europe and China via the Northern Sea Route in the Arctic. On Monday, it left the Baltic Sea and entered the North Sea to head north along the Norwegian coast. The KV Sortland followed the NewNew Polar Bear at a distance of 1 nautical mile, or about 1.8 km, for about 15 hours. NewNew Shipping, the owner and operator of the NewNew Polar Bear, declined to comment when contacted by Reuters. Oslo is closely monitoring the progress of the probe in the Baltic Sea incident.

Persons: Christian, Nerijus Adomaitis, Anne Kauranen, Gwladys Fouche, Bill Berkrot Organizations: REUTERS, Rights, Norwegian Navy, KV, KV Sortland, NewNew Shipping, Reuters, Navy, Andrius, Thomson Locations: Nord, Mukran, Ruegen, Rights OSLO, HELSINKI, Norwegian, Gulf of Finland, Norway, Russian, Baltic, Europe, China, Bergen , Marine, NewNew, Oslo, Helsinki, Andrius Sytas, Vilnius, Beijing

”It was a very strong moment for us — emotionally charged,” activist Ella Marie Hætta Isaksen told the VG newspaper after the meeting with King Harald and Crown Prince Haakon at the royal palace in Oslo. The activists say a transition to green energy shouldn’t come at the expense of the rights of Indigenous people. They have protested several times since the Supreme Court of Norway ruled in October 2021 that the construction of the turbines had violated the rights of the Sami, who have used the land for reindeer for centuries. They had asked for the meeting with the Norway's monarch, who has a ceremonial role as the country's head of state. The palace confirmed the meeting took place and “they presented their view" to the monarch and his son.

Persons: Ella Marie Hætta Isaksen, King Harald, Crown Prince Haakon, ”, Elle Nystad, Sami, Jonas Gahr Støre Organizations: VG, Ministry of Petroleum, Energy Locations: COPENHAGEN, Denmark, Norway, Norwegian, Oslo, “, Norway’s Fosen, Fosen

Tiny but bountiful, Antarctic krill make up one of the planet’s largest biomasses, nourishing everything from fish to marine mammals and seabirds. At Steinberg’s lab, researchers are examining how warming oceans — Antarctic krill need water colder than 4 degrees Celsius (39 Fahrenheit) to survive — are altering krill’s life cycle. However, a leading marine biologist the industry once relied on to burnish its environmental credentials has since denounced krill fishing. She accepted with the hope that she could help mitigate the effects of krill fishing on the Antarctic ecosystem. Today, she believes that krill fishing should be banned.

Persons: “ What’s, ”, Alistair Allan, Bob, it’s, Santa Cruz, Deborah Steinberg’s, ” Steinberg, Emma Cavan, Steinberg, Claire Christian, “ It’s, aren’t, Dirk Welsford, Matts Johansen, ” Johansen, Kjell Inge Røkke, Brett Glencross, “, Jesse Trushenski, Trushenski, Johansen, William Harris, he’s, Javier Arata, Helena Herr, CCAMLR, Ari Friedlaender, ” Friedlaender, Peter Hammarstedt, JoNel, Helen Wieffering, Fu Ting Organizations: Bob Brown Foundation, Soviet Union, Associated Press, Shepherd, Walton Family Foundation, AP, University of California, Virginia Institute of Marine Science, World Wildlife Fund, Imperial College London, Commission, Conservation, Antarctic Marine Living Resources, Antarctic, Southern Ocean Coalition, U.S, United Nations, Antarctic Provider, Aker BioMarine, Aker, Aker ASA, National Institutes of Health, University of South, Association, Pew, University of Hamburg, Foods, Amazon, Wildlife Fund, LCA, Sea Shepherd, Washington , D.C Locations: Antarctica, Chilean, Alaska, U.S, Soviet, Russia, China, South America, Orkney, Norwegian, Santa, Cavan, Tasmania, It’s, Washington, Moscow, Beijing, Texas, Australian, Montevideo, Uruguay, dwarfing, Norway, American, Europe, Canada, Australia, Houston, Aker, Oslo, Brussels, Boise , Idaho, University of South Dakota, Salt Lake City , Utah, Santa Cruz, Virginia, Peruvian, Ski, Los Angeles, Washington ,, Investigative@ap.org

☆ Birkenstock IPO gets predictable shoeing
▼ + stars: | 2023-10-11 | by ( ) www.reuters.com time to read: +2 min

A sign is illuminated at the entrance to a Birkenstock shoe store in London, Britain, October 11, 2023. REUTERS/Toby Melville Acquire Licensing RightsNEW YORK, Oct 11 (Reuters Breakingviews) - Birkenstock’s (BIRK.N) IPO is a flop. The Birkenstock enterprise was gunning for a multiple of 19 times EBITDA, well above that of Europe's luxury conglomerates. And if the first-day stock woes stick, a suitor might soon walk all over Birkenstock. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Toby Melville, L, gunning, Oliver Reichert don’t, Bernard Arnault, Pamela Barbaglia, Jeffrey Goldfarb, Sharon Lam Organizations: REUTERS, Reuters, Tech, Compagnie Financiere, X, Qantas, Thomson Locations: London, Britain, United States, Europe, New York, Brussels

☆ One-third of the world's captive orcas are in the US, and no one can agree on what to do with them
▼ + stars: | 2023-10-07 | by ( Erin Heger | ) www.businessinsider.com time to read: +12 min

There are 18 captive orcas in the US. Captive orcas can also show signs of chronic stress. Captive orcas can suffer a number of health problems including severe tooth damage. The history of releasing captive orcas in the USOnly one captive orca in the US has ever been released back into the ocean — Keiko, the orca who starred in the 1993 film "Free Willy." Captive orcas can't thrive in small tanks but may not thrive in the wild, either.

Persons: Naomi Rose, Rose, Marcos del Mazo, Monika Wieland Shields, Tilikum, Shields, aren't, Chris Dold, Dold, Keiko, Willy, Colin Davey, Keiko wasn't, Mark Palmer, Palmer, Little Grey, White, Aaron Chown, Lori Marino, Marino, Paul Harris, we've, Serge MELESAN, orcas Organizations: SeaWorld, Animal, Service, Animal Welfare Institute, Orca Behavior, Magnolia Pictures, Miami Seaquarium, Miami Herald, Tribune, Getty, Mammal, PETA Locations: SeaWorld, SeaWorld Orlando, Florida, Mexico City, Oregon, Iceland, Norway, Washington, Caribbean, Nova Scotia

サマリー企業 Fosse is one of the world's most performed playwrightsAuthor was among bookies' favourites to winFirst Norwegian to win literature prize since 1928STOCKHOLM, Oct 5 (Reuters) - Norwegian author and dramatist Jon Fosse won the 2023 Nobel Prize in Literature "for his innovative plays and prose which give voice to the unsayable," the award-giving body said on Thursday. The prize is awarded by the Swedish Academy and is worth 11 million Swedish crowns (about $1 million). Fosse is the fourth Norwegian to win the Nobel Prize for literature, but the first since 1928. Alongside the peace prize, literature has often drawn the most attention, and controversy, thrusting lesser known authors into the global spotlight as well as lifting book sales for well-established literary super stars. Over the years, the literature prize has also picked winners well beyond the novelist tradition, including playwrights, historians, philosophers and poets, even breaking new ground with the award to singer-songwriter Bob Dylan in 2016.

Persons: サマリー企業, bookies, Jon Fosse, Anders Olsson, " Olsson, Fosse, Claude Régy's, andre namnet, Academy's Olsson, Alfred Nobel, Bob Dylan, Simon Johnson, Niklas Pollard, Johan Ahlander, Terje Solsvik, Angus MacSwan 私 Organizations: Swedish Academy, Norwegian Salvation Army, NRK Locations: Norwegian, STOCKHOLM, Haugesund, Norway's, Paris, Denmark, Swedish, Stockholm, Oslo

CNN —The 2023 Nobel Prize in literature has been awarded to Jon Fosse for “his innovative plays and prose which give voice to the unsayable,” the Swedish Academy announced in Stockholm on Thursday. His work consists of around 40 plays, as well as a number of novels, poetry, essays, children’s books and translations. The committee lauded the author’s style, which has come to be known as “Fosse minimalism.”“Fosse presents everyday situations that are instantly recognizable in our own lives. Jon Fosse at Oslo's Norwegian Theater in September 2019. Male writers have also historically dominated the award: Of the 120 laureates in literature, only 17 have been women.

Persons: Jon Fosse, ” “, –, “, Håkon Mosvold Larsen, NTB, Fosse, Samuel Beckett, Georg Trakl Organizations: CNN, Swedish Academy, Fosse, Oslo's, Getty Locations: Stockholm, Norway, AFP, Austrian

☆ Oil prices tick up after OPEC+ panel maintains output cuts
▼ + stars: | 2023-10-05 | 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, on Monday, Feb. 13, 2023. Oil prices inched up in early trade on Thursday, clawing back some of the previous session's big losses after an OPEC+ panel maintained oil output cuts to keep supply tight amid concern about a looming slump in global economic growth. Brent crude oil futures were up 11 cents to $85.92 a barrel while U.S. West Texas Intermediate crude rose 7 cents to $84.29 at 0040 GMT. Oil prices settled down more than $5 on Wednesday as a bleaker macroeconomic outlook and fuel demand destruction came into focus, following a meeting of an OPEC+ panel, grouping the Organization of the Petroleum Exporting Countries and allies led by Russia. "We continue to see the market in deficit through the fourth quarter and the softer prices reduce the probability OPEC will ease supply constraints," National Australia Bank analysts said in a note.

Persons: Johan Sverdrup, clawing, Brent, JPMorgan Organizations: ASA, West Texas, of, Petroleum, National Australia Bank Locations: North, Norway, OPEC, Russia, Saudi Arabia, U.S

☆ Norway PM: Not 'strange' there is debate over Ukraine aid
▼ + stars: | 2023-10-05 | 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 EmailNorway PM: Not 'strange' there is debate over Ukraine aidJonas Gahr Store, the prime minister of Norway, speaks to CNBC's Silvia Amaro from the summit of the European Political Community in Granada, Spain.

Persons: Jonas Gahr, CNBC's Silvia Amaro Organizations: Norway, Political Community Locations: Ukraine, Norway, Granada, Spain

GUIDONIA MONTECELIO, Italy (AP) — Viktor Hovland and Ludvig Aberg put Europe in the record book with the shortest match in Ryder Cup history, a symbol of its utter dominance over the Americans at Marco Simone. The 9-and-7 victory was the biggest margin for any match over 18 holes in Ryder Cup history, a beating so bad that Scheffler, the world's No. Team Europe is now ahead of pace of that rout. The only bright spot for the Americans were Homa and Harman, who never trailed — that was also a first for the Americans this week. Europe was blazing its way around Marco Simone, where the frenzied crowd kept getting louder.

Persons: GUIDONIA MONTECELIO, — Viktor Hovland, Ludvig Aberg, Marco Simone, —, Scottie Scheffler, Brooks Koepka, Rory McIlroy, Tommy Fleetwood, Jordan Spieth, Justin Thomas, Jon Rahm, Tyrrell Hatton, Xander Schauffele, Patrick Cantlay, Zach Johnson, Brian Harman, Max Homa, Shane Lowry, Sepp Straka, Scheffler, “, ” Hovland, Brooks, McIlroy, Thomas, Spieth, Schauffele, Rahm, Hatton, Cantlay, Harman, ” Homa, I’m, ”, ___ Organizations: Ryder, FedEx Cup, Team Europe, PGA, Fleetwood Locations: Italy, Europe, Scandinavia, Norway, Sweden, foursomes, Whistling Straits, U.S

☆ ATP roundup: No. 4 seed Stefanos Tsitsipas ousted in Beijing
▼ + stars: | 2023-09-29 | by ( ) www.reuters.com time to read: +1 min

Aug 30, 2023; Flushing, NY, USA; Stefanos Tsitsipas of Greece hits to Dominic Stricker of Switzerland on day three of the 2023 U.S. Open tennis tournament at USTA Billie Jean King National Tennis Center. 4 seed Stefanos Tsitsipas of Greece 6-4, 6-4. 6 seed Jannik Sinner of Italy, defeated a pair of Brits, Cameron Norrie and Daniel Evans, respectively, to advance to the second round. Astana OpenJurij Rodionov of Austria defeated second-seeded Sebastian Baez of Argentina 6-2, 6-4 to advance to the quarterfinals in Kazakhstan. Also advancing were Czech Jiri Lehecka, Sebastian Korda and Adrian Mannarino of France, seeded fourth through sixth, respectively.

Persons: Stefanos, Dominic Stricker of, USTA Billie Jean King, Danielle Parhizkaran, Nicolas Jarry of, Carlos Alcaraz, Yannick Hanfmann, Daniil Medvedev, Russia, Tommy Paul, Holger Rune of Denmark, Canada's Felix Auger, Casper Ruud of, Lennard Struff, Andrey Rublev, Italy, Cameron Norrie, Daniel Evans, Alexander Zverev, Argentina's Diego Schwartzman, Jurij Rodionov, Austria, Sebastian Baez, Rodionov, Czech Jiri Lehecka, Sebastian Korda, Adrian Mannarino of Organizations: USTA Billie, USTA Billie Jean King National Tennis Center, China, Jurij, Thomson Locations: Flushing , NY, USA, Greece, Dominic Stricker of Switzerland, Beijing, Nicolas Jarry of Chile, Germany, Casper Ruud of Norway, Russia, Argentina, Kazakhstan, Czech, Adrian Mannarino of France

Ever pack workout clothes for a vacation — only to unpack them, unworn, upon returning home? Data from exercise apps, which track users' physical locations and search history, show travelers tend to be more active in some locations more than others. Fitness app Strava shows travelers tend to exercise when they visit smaller cities in Europe. Conversely, the company's data shows travelers are less active, compared to locals, in parts of the Caribbean and Central America, namely:Trinidad and TobagoDominican RepublicPhilippinesVenezuelaCosta RicaThose who struggle to exercise on vacation can take heart in knowing that even active travelers tend to ease up from their usual routines on holiday. Nearly four in 10 runners cut their running times by at least 30% during their summer vacations in 2022, according to Strava's data.

Organizations: Portugal Las Palmas, Spain Nord, Trinidad and Tobago Locations: Europe, Split, Croatia Dodecanese, Greece Lagos, Portugal, Spain, Aurdal, Norway, Nord, Norway's, Lillehammer, Caribbean, Central America, Trinidad and, Trinidad and Tobago Dominican Republic Philippines Venezuela Costa

☆ Q+A What is known about the Nord Stream gas pipeline explosions
▼ + stars: | 2023-09-26 | by ( Nerijus Adomaitis | ) www.reuters.com time to read: +8 min

This is what we know so far:WHAT ARE NORD STREAM PIPELINES? The multibillion-dollar infrastructure project was built by Russia's Gazprom (GAZP.MM) in two stages - Nord Stream 1 and Nord Stream 2. Gazprom owns 51% of Nord Stream 1, while Germany's E.ON (EONGn.DE) and Wintershall Dea (WINT.UL) have 15.5% each, while French Engie (ENGIE.PA) and Dutch Gasunie (GSUNI.UL) hold 9% each in Nord Stream 1. Nord Stream 2, fully owned by Gazprom and operated by Nord Stream 2 AG, was completed in September 2021 at a cost of $11 billion, but was never put into operation because Germany had cancelled Nord Stream 2's certification days before Russia's invasion of Ukraine on Feb. 24, 2022. The Nord Stream pipelines have been a flashpoint in an energy dispute between Europe and Moscow since Russia's invasion of Ukraine.

Persons: Pipes, Fabian Bimmer, Wintershall, OMV, Peter Frank, Die, Seymour Hersh, Mats Ljungqvist, Der Spiegel, Der Siegel, BfV, Nerijus Adomaitis, Christoph Steitz, Nina Chestney, Ros Russell Organizations: REUTERS, Rights, Gazprom, Nord, E.ON, Shell, . Security, WHO, Washington Post, Die Welt, . Security Council, Reuters, Street, ZDF, Kyiv, CIA, NDR, WDR, German Federal Intelligence Service, Thomson Locations: Baltic, Mukran, Germany, Rights OSLO, Russia, Swedish, Bornholm, Sweden, Denmark, Nord, Ukraine, Uniper, Washington, NATO, Moscow, Kaliningrad, Russian, Britain ., U.S, Norway, China, Brazil, Rostock, Wiek, Rugen, Danish, Christianso, Kolobrzeg, Poland, Europe, United States, Oslo, Frankfurt

☆ Central banks across Europe pause for breath after mammoth rate hike run, but face 'triple dilemma'
▼ + stars: | 2023-09-25 | by ( Jenni Reid | ) www.cnbc.com time to read: +7 min

U.K. pauseThe Bank of England opted to pause interest rate moves after 14 straight hikes, keeping its main policy rate at 5.25%. The decline came despite interest rate hikes generally boosting the value of a currency. Scandinavian inflationIn northern Europe, Norway and Sweden opted for rate hikes on Thursday and suggested that further tightening could be ahead. Norway's headline inflation rate was 4.8% in August, with core inflation at 6.3%. The Norges Bank forecast now indicates a policy rate of 4.5% through 2024, up from the current 4.25%.

Persons: Bank of England Andrew Bailey, BoE, Alastair Grant, ALASTAIR GRANT, Carsten Brzeski, BOE, Andrew Bailey, Paul Dales, Simon French, Panmure Gordon, Thomas Jordan, Jordan, Ida Wolden Bache, Bache Organizations: Bank of England, The Bank of England, Getty, Afp, ING, CNBC, of England, Capital Economics, U.S . Federal, HSBC, Panmure, Swiss National Bank, European Central Bank, ECB, U.S, Norway's Norges Bank, Norges Bank Locations: London, U.K, Paul, Switzerland, Swiss, Europe, Norway, Sweden, Norway's

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 26, 2023. The U.S. central bank on Wednesday kept its key lending rate steady, as expected, but indicated another hike is possible as it and other central banks tighten policy to tame inflation. Major equity indices in Europe and on Wall Street fell more than 1% on concerns higher rates will curb growth. /FRXMirroring a rise in Treasury yields, Germany's 10-year government bond yield touched a fresh six-month high of 2.73% and Britain's 10-year gilt yield rose to 4.29% after falling on Wednesday to its lowest since July. Gold extended its decline for a third straight day as the dollar and Treasury yields rallied on the Fed's warning of a possible additional rate hike.

Persons: Brendan McDermid, there's, Michael Arone, Jack Ablin, it's, John Hardy, Hardy, Brent, Xie Yu, Marguerita Choy, Tomasz Janowski, Deepa Babington Organizations: New York Stock Exchange, REUTERS, Federal Reserve, Swiss, Bank of England, Swiss National Bank, Fed, State Street Global Advisors, Reuters, Treasury, Cresset Capital Management, Saxo Bank, Dow Jones, Nasdaq, Sterling, Reuters Graphics, U.S, West Texas Intermediate, Thomson Locations: New York City, U.S, Norway, Sweden, Europe, Boston, Pebble Beach , Florida, Hong Kong

☆ Global central banks unite in "higher for longer" credo
▼ + stars: | 2023-09-21 | by ( Mark John | ) www.reuters.com time to read: +6 min

The so-called "higher for longer" mantra is now the official stance of the U.S. Federal Reserve, European Central Bank and the Bank of England, as well as being echoed by monetary policy-makers from Oslo to Tapei. U.S. Federal Reserve policymakers had a similar message on Wednesday. Turkey's central bank confirmed its hawkish turn while in Asia, Taiwan's central bank flagged continued tight policy. Reuters Graphics"TIPPING POINT"Belgian central bank chief and ECB board member Pierre Wunsch - an early voice urging tougher central bank action to counter inflation from end-2021 - said on Thursday that monetary policy was now at the right level. That said, the prospect that global interest rates are pretty close to peak will be of huge relief to emerging economies suffering from heavy debt servicing loads.

Persons: Jerome Powell, Christine Lagarde, Kazuo Ueda, Ann, BoE, Andrew Bailey, Pierre Wunsch, Wunsch, COVID lockdowns, Jerome, Powell, Krishna Guha, Howard Schneider, Balazs Koranyi, Catherine Evans Organizations: European Central Bank, Bank of Japan, Kansas City Federal, REUTERS, U.S . Federal Reserve, Bank of England, U.S . Federal, Swiss National Bank, South African Reserve Bank, People's Bank of, Reuters, ECB, Reuters Global Markets, Economics, Sterling, Swiss, United, Thomson Locations: Jackson Hole , Wyoming, U.S, Central, Oslo, Tapei, Europe, Norway, Sweden, Asia, People's Bank of China, Belgian, United States, Ukraine, Washington, Frankfurt, London, Stockholm, Zurich, Ankara

☆ The Fault Lines at Climate Week
▼ + stars: | 2023-09-21 | by ( Manuela Andreoni | More About Manuela Andreoni | ) www.nytimes.com time to read: +1 min

Still, oil producing nations and corporations haven’t yet shown any signs that they are ready to slow down. Britain’s government, a climate leader for years, just announced a change of course that will weaken key environmental pledges, including delays to a ban on the sale of gas and diesel cars. The prime minister of Norway, Jonas Gahr Store, told Somini that this is the century when the world will phase out fossil fuel. But he also said he is against setting a deadline for the transition, and defended his country’s continued investment in oil and gas expansion. “By the end of this decade, you will have very good business arguments for not investing in oil and gas and rather investing in solar, wind, hydrogen, these new sources.”

Persons: ”, David, “, Jonas Gahr, Somini Organizations: International Energy Agency Locations: Norway

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