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☆ My family of 4 took a 7-hour train ride across Norway for $283. The incredible views weren't even the best part.
▼ + stars: | 2023-12-03 | by ( Megan Harrington | ) www.businessinsider.com time to read: +5 min

On the morning of our train ride, we simply walked over to the station and arrived at the platform about 30 minutes before boarding. The family car was great for keeping the kids entertainedThe kids loved playing in the family car. The incredible views made the 7-hour trip fly byThe whole family appreciated the views from the train. Megan HarringtonAfter about seven hours on the rails, we pulled into Oslo's central train station and bid farewell to the family car. Whether you're traveling with family or want to experience breathtaking views, the Bergen Line train is a fantastic option.

Persons: —, Megan Harrington, they've Organizations: Service Locations: Norway, Bergen, Scandinavia, Norway's, Oslo, Europe, Finse

☆ Norway sovereign wealth fund to co-lead class action in SVB bankruptcy
▼ + stars: | 2023-12-01 | by ( ) www.reuters.com time to read: +1 min

Silicon Valley Bank (SVB) logo is seen through broken glass in this picture illustration taken March 16, 2023. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsOSLO, Dec 1 (Reuters) - Norway's $1.5 trillion sovereign wealth fund, the world's largest, said on Friday it has been appointed by a U.S. court to co-lead an ongoing U.S. securities class action relating to the now-bankrupt Silicon Valley Bank (SVB). The Norwegian fund said the SVB case raised significant concerns regarding the integrity of the public markets, the governance of large financial institutions and the interests of the investor community more broadly. It held a 1% stake in SVB at the end of 2022, valued at $137.9 million, according to data on the fund's website. The other co-lead plaintiff in the class action is Swedish pension fund Sjunde AP-fonden (AP7), the Norwegian fund said.

Persons: Dado Ruvic, Nicolai Tangen, Nerijus Adomaitis, Jane Merriman, Kirsten Donovan Organizations: Bank, REUTERS, Rights, fund's, Thomson Locations: Rights OSLO, U.S, SVB, Swedish

The Bank of Nova Scotia (Scotiabank) logo is seen outside of a branch in Ottawa, Ontario, Canada, February 14, 2019. It also disrupted Canada's prestigious Giller Prize Gala on Nov. 14, a literary award sponsored by Scotiabank. It claims in its petition that Scotiabank is the biggest foreign shareholder in Elbit, whose weapons were heavily used during Israel's 11-day operation in Gaza in May 2021. The email said Scotiabank was "not the biggest shareholder of Elbit, nor is it the biggest foreign shareholder of Elbit. Eko said it would not comment on the protests at Scotia branches and has not taken part in the protests.

Persons: Chris Wattie, Eko, unitholders, Angus Wong, Wong, Bezhalel Machlis, Nivedita Balu, Denny Thomas, David Gregorio Our Organizations: of Nova, REUTERS, Rights TORONTO, Bank of Nova, Elbit Systems, Scotiabank . Toronto Police, Scotiabank, Global Asset Management, Management, Vanguard Group, BlackRock Institutional Trust, Israel Ministry of Defence, Israel MOD, Thomson Locations: of Nova Scotia, Ottawa , Ontario, Canada, Bank of Nova Scotia, Israel, Elbit, Gaza, Toronto, Scotia

☆ 9 passenger airliners that have landed on Antarctica's rugged runways made out of blue ice
▼ + stars: | 2023-11-22 | by ( Taylor Rains | ) www.businessinsider.com time to read: +7 min

These planes land on rugged, unpaved runways mostly made of blue ice and compacted snow. PrivatAir's Boeing 737 and Smartwings' Boeing 737 MAXA Smartwings 737 MAX on Antarctica in January 2022. It was the first time the jet type landed on one of the continent's blue ice runways. Another Loftleider 757 is set to ferry Antarctic Ice Marathon runners to Union Glacier this December. Loftleider Icelandic Airlines' and Titan Airways Boeing 767Titan Airways' Boeing 767 on Antarctica.

Persons: —, George Hubert Wilkins, Glenn Jacobson, PrivatAir, NPI, Tim Hewette, Troll, Fang, Patrick Woodhead Organizations: Atlantic Airways, Boeing, Service, Lockheed Vega, Airbus, Australian Antarctic, Australian, Skytraders, Australian Antarctic Program, McMurdo, AAP, Norwegian Polar Institute, Swiss, NPI, Boeing's, Airlines, Titan Airways, Antarctic Logistics, Expeditions, Antarctic Logistics & Expeditions, Antarctic Ice, Russian Antarctic, Titan Airways Boeing, Norse Atlantic Airways, Emirates, White Desert Locations: Antarctica, Skytraders, Christchurch , New Zealand, Hobart, Australia's, Tasmania, Cape Town , South Africa, Czech, Chile, Russian, NPI, Norway, Cape Town, Russia's

☆ Union pressure on Tesla grows in Sweden as dockworkers expand strike
▼ + stars: | 2023-11-17 | by ( ) www.reuters.com time to read: +3 min

A view shows the ship Malacca Highway at shore as port workers are blocking the loading of Tesla vehicles, in Malmo, Sweden, November 7, 2023. Dockworkers joined the strike by mechanics on Nov. 7, blocking Sweden's four largest ports to Tesla cars. So far, unions in the United States and Germany have failed to force the company to accept collective bargaining agreements. In addition to dockworkers, unionised cleaners are refusing to clean Tesla buildings and postal workers have stopped delivering mail. In the 1990s, American toy company Toys "R" Us signed a collective bargaining agreement with its 130 Swedish employees after a three month strike.

Persons: Johan Nilsson, Tesla, Elon Musk, Dockworkers, Musk, Torbjorn Johansson, Norway's Fellesforbundet, Marie Mannes, Louise Rasmussen, Johan Ahlander, Johannes Birkebaek, Simon Johnson, Mark Potter Organizations: TT, Agency, Rights, U.S, Swedish, IF Metall, Hydro Extrusions, Hydro, Thomson Locations: Malacca, Malmo, Sweden, Rights STOCKHOLM, Dockworkers, United States, Germany, American

Earlier this month, she said the U.S. offshore wind industry was "fundamentally broken" after BP wrote down $540 million on its wind power projects offshore New York, blaming inflation and red tape that meant projects ran over budget and over time. Globally, the renewables sector has been undermined by slow permitting, technological challenges, rising raw material costs and higher costs of capital. As BP seeks to guarantee it can meet its internal returns target of 6% to 8% on renewables projects, Dotzenrath said BP was working out how to reduce costs globally. You need one of the local energy suppliers to help you push ahead with the permitting processes and establish the onshore grid connection," she said. BP does not produce electrolysers, which split water to produce hydrogen, but Dotzenrath said did not rule out greater involvement.

Persons: Chris Helgren, Anja, Isabel Dotzenrath, Norway's Equinor, Denmark's, Dotzenrath, we'll, Chancellor Olaf Scholz, Thyssenkrupp, Christoph Steitz, Ron Bousso, Barbara Lewis Organizations: BP, REUTERS, Reuters, Siemens Energy, BASF, Thomson Locations: Vancouver , British Columbia, Canada, LONDON, Japan, U.S, New York, U.S.A, Germany

☆ Archaeologists unearth remains of 1,300-year-old ship at Norwegian burial mound suggesting maritime exploration dates back further than previously thought
▼ + stars: | 2023-11-16 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +3 min

Researchers unearthed the remains of a pre-Viking age ship at a Norwegian burial mound. The ship burial likely dates back 1,300 years to 700 AD, media outlets reported. AdvertisementNorwegian archeologists uncovered the remnants of a centuries-old pre-Viking-era ship burial that indicates maritime exploration may have begun in Scandinavia earlier than previously believed. The Herlaugshaugen burial mound. Advertisement"This tells us that people here have had maritime expertise — they could build large ships — much earlier than we previously thought," Grønnesby told the outlet.

Persons: —, Norway's, Hanne Bryn, Geir Grønnesby, Grønnesby, Gemini Organizations: Service, Norway's NTNU, NTNU, Norwegian Broadcasting Corp, Gemini, Science Locations: Scandinavia, Trøndelag County, Leka, Herlaugshaugen, Scandinavian

LONDON (AP) — One year after Qatar hosted the men’s World Cup, the gas-rich emirate and soccer governing body FIFA were urged Thursday by human rights group Amnesty International to do more for migrant workers who were essential to prepare the tournament and still face labor abuses. FIFA, under a different leadership, is now embarked on a similar journey toward Saudi Arabia hosting the World Cup in 2034. “Qatar’s continued failure to properly enforce or strengthen its pre-World Cup labor reforms puts any potential legacy for workers in serious peril,” Amnesty said. A key point for activists and some FIFA member federations has been compensating the families of workers in Qatar who were injured or died. Weeks before the World Cup started, FIFA’s top lawyer had said it was open to helping create a compensation fund.

Persons: ”, Steve Cockburn, “ Qatar’s, “, Weeks, Michael Llamas Organizations: —, Qatar, FIFA, Amnesty, Progress, “ Qatar, United Nations, International Labor Organization, Labor, ” Amnesty, InBev, Budweiser, ” FIFA, “, ILO, Ministry of Labor Locations: Qatar, United States, Saudi Arabia, Gibraltar, “, Geneva

☆ 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

☆ Norway's Statkraft may return to British offshore wind
▼ + stars: | 2023-11-10 | by ( Nora Buli | ) www.reuters.com time to read: +2 min

REUTERS/Phil Noble/File Photo Acquire Licensing RightsCompanies Statkraft AS FollowOSLO, Nov 10 (Reuters) - Norway's state-owned Statkraft could return to the British offshore wind market, but its key focus remains Ireland, Norway and Sweden, its CEO told Reuters on Friday. He expected future rounds were being re-calibrated after Britain's most recent renewable energy auction failed to attract new offshore wind projects as subsidies were deemed too low and not reflecting rising costs in the industry. Statkraft is also already one of Britain's biggest onshore renewables developers, has a large office in London and knows the market well from previous offshore wind projects, he said. Still, the company's main focus for offshore wind is Ireland, where it is developing 2.2 gigawatts (GW) together with partner Copenhagen Infrastructure Partners. It also plans to participate in Norway's first offshore wind auctions and in October bought Swedish Njordr Offshore Wind, which has an early-stage development pipeline of 21 GW.

Persons: Phil Noble, Toennesen, Statkraft, Nora Buli, Alexander Smith Organizations: Burbo, REUTERS, OSLO, Reuters, Dogger Bank, Triton, Copenhagen Infrastructure Partners, Thomson Locations: Mersey, Liverpool, Britain, Ireland, Norway, Sweden, London, Dudgeon, Sheringham, England

Norway wealth fund CEO Nicolai Tangen presents the results for 2022, at a news conference in Oslo, Norway January 31, 2023. NTB/Heiko Junge via REUTERS/File Photo Acquire Licensing RightsNEW YORK, Nov 8 (Reuters) - Norway's $1.4 trillion sovereign wealth fund is using artificial intelligence to help manage its investments, its CEO Nicolai Tangen said in an interview at the Reuters NEXT conference in New York. The fund invests the Norwegian state's revenues from oil and gas production in equities, bonds, property and renewable projects abroad. It is the world's largest sovereign wealth fund, holding stakes in more than 9,200 companies globally and owning 1.5% of all listed stocks. "We are using it (AI) now in how we deploy the capital," Tangen said.

Persons: Nicolai Tangen, NTB, Heiko Junge, Tangen, Sam Altman, Altman, Lananh Nguyen, Chizu Organizations: REUTERS, Reuters NEXT, Companies, Reuters, reuters, Thomson Locations: Norway, Oslo, New York

Maine is the latest state to address foreign influence in elections. The Maine referendum on the Nov. 7 ballot would ban foreign governments, or companies with 5% or more foreign government ownership, from donating to future referendum races. The Maine proposal is straightforward by targeting foreign governments and companies owned by them, while leaving untouched foreign-based corporations with no government ownership. The idea of foreign influence in U.S. elections is something that unites people in an era of deep partisan divisions. “Of course we shouldn’t have foreign governments meddling in our elections.”___Follow David Sharp on X, the platform formerly known as Twitter, @David_Sharp_AP

Persons: Aaron McKean, McKean, Daniel Weiner, It’s, ” Weiner, “, Sen, Rick Bennett, —, Janet Mills, Maine’s, ”, Sarah Walker, Bennett, George Washington, David Sharp, @David_Sharp_AP Organizations: —, Hydro, Washington , D.C, Brennan Center for Justice, Hydro Quebec, Central Maine Power, CMP, Canadian, Republican, Democratic Gov, Maine Press Association, Maine Association of Broadcasters, Norges Bank, Qatar Investment Authority Locations: PORTLAND, Maine, — Maine, Hydro Quebec, Canadian, Washington ,, Minnesota, Florida, Idaho, Seattle, Portland , Maine, U.S, ” Maine, Spanish, In Montana, California, Luxembourg, Cyprus, Los Angeles, Canada, Calgary, Alberta, Qatar

"BP reported weak numbers this morning...However, notably, BP has reported exceptional gas trading results on several occasions in the last couple of years, including last quarter," said RBC analyst Biraj Borkhataria. In the downstream, customers & products reported $2.1 bln vs consensus $2.4 bln, despite being supported by very strong oil trading results, suggesting weaker refining margin capture in the third quarter." That was up from the $2.6 billion profit the company reported in the prior three months due to higher oil and gas production, strong refining margins, lower refinery maintenance and "a very strong oil trading result", but natural gas marketing and trading were weak. BP expects capital expenditure of $16 billion this year, the lower end of its indicated range of $16-$18 billion. Rivals Chevron (CVX.N) and Exxon Mobil (XOM.N) last week posted sharp year-on-year drops in third quarter profit as energy prices cooled.

Persons: Norway's, Biraj Borkhataria, Murray Auchincloss, Bernard Looney, Ron Bousso, Louise Heavens, Jason Neely Organizations: windfarm, BP, Reuters Graphics Reuters, Rivals Chevron, Exxon Mobil, Thomson, & $ Locations: U.S, British, New York

A view of the turbines at Orsted's offshore wind farm near Nysted, Denmark, September 4, 2023. Orsted, the world's largest offshore wind developer, said in August it may see impairments of 16 billion Danish crowns ($2.3 billion) on its U.S. offshore developments due to supply chain problems, soaring interest rates and a lack of new tax credits. Norway's Equinor (EQNR.OL), BP's partner on those New York offshore wind developments, booked a $300 million impairment on the projects on Friday. In Massachusetts, two offshore wind developers, SouthCoast Wind and Commonwealth Wind, agreed to pay local utilities to terminate deals that would have delivered around 2,400 MW of energy. Avangrid also canceled a contract to sell power in Connecticut from its proposed 804-MW Park City offshore wind farm.

Persons: Tom Little, Denmark's, Joe Biden, Orsted, Jacob Pedersen, Portugal, France's, Avangrid, Scott DiSavino, Louise Breusch Rasmussen, Ron Bousso, Jonathan Oatis, Josie Kao Organizations: REUTERS, BP, U.S, Analysts, Reuters, Commonwealth, Shell, Energias, Thomson Locations: Nysted, Denmark, U.S, Danish, New York, Massachusetts, Connecticut, Rhode Island and Massachusetts, In Massachusetts, Commonwealth, Spanish, Copenhagen, London, Bengaluru

Orsted, the world's largest offshore wind developer, said it would stop developing its 2,248-megawatt (MW) Ocean Wind 1 and 2 projects in New Jersey. The offshore wind industry has found itself in a perfect storm of rising inflation, interest rate hikes and supply chain delays. Norway's Equinor (EQNR.OL), BP's partner on those New York offshore wind developments, booked a $300 million impairment on the projects on Friday. Orsted, which in June announced plans to invest 475 billion crowns by 2030, said it was in the process of reviewing its investments and could introduce cost-saving initiatives. Orsted's share price has tumbled 52% since an August profit warning, cutting its market value to 112 billion crowns from 235 billion.

Persons: Joe Biden, Norway's, Mads Nipper, Nipper, Bernstein, Deepa Venkateswaran, Jacob Gronholt, Pedersen, Louise Rasmussen, Gursimran Kaur, Terje Solsvik, Michael Perry, Mark Potter Organizations: Wednesday, U.S, BP, Thomson Locations: U.S, New Jersey, New York, Danish, Copenhagen, Bengaluru

☆ Messi wins record eighth Ballon d'Or for best player in the world
▼ + stars: | 2023-10-30 | by ( ) www.reuters.com time to read: 1 min

PARIS, Oct 30 (Reuters) - Argentina captain Lionel Messi won a record-extending eighth Ballon d'Or for the best player in the world on Monday, beating Norway's UEFA player of the year and treble winner Erling Haaland of Manchester City to the prestigious prize. Inter Miami's Messi, who last won the award in 2021, played a pivotal role in guiding Argentina to their first World Cup title in 36 years in Qatar last season. Reporting by Rohith Nair in Bengaluru; Editing by Ken FerrisOur Standards: The Thomson Reuters Trust Principles.

Persons: Lionel Messi, Erling Haaland, Inter Miami's Messi, Rohith Nair, Ken Ferris Organizations: Norway's UEFA, Manchester City, Inter, Thomson Locations: Argentina, Manchester, Qatar, Bengaluru

Khan’s office has opened an investigation into potential war crimes by Israel in Gaza in the 2014 war. THE NUMBER OF CHILDREN KILLED IN THE CONFLICT SOARSThe number of children killed in the blockaded Gaza Strip since the start of the Hamas-Israel earlier this month has exceeded the number of children killed in armed conflict every year globally since 2019, international charity Save the Children said Sunday. It also mentioned the deaths of 33 children in the occupied West Bank and 29 children killed in Israel. The militant group Hezbollah, Hamas’ allies in Lebanon, has clashed with Israeli troops along the Lebanon-Israeli border since the Gaza war erupted on Oct. 7. PALESTINIAN RED CRESCENT SAYS ISRAEL ORDERS GAZA HOSPITAL TO EVACUATEJERUSALEM — A spokesperson for the Palestinian Red Crescent says Al-Quds Hospital in Gaza City received two calls from Israeli authorities Sunday morning demanding it evacuate.

Persons: Benjamin Netanyahu, “ ‘, ”, Israel, Karim Khan, Khan, “, Jason Lee, ” U.N, António Guterres, Guterres, Hamas ’, ” Guterres, Rishi Sunak’s, Emmanuel Macron, Macron, VATICAN CITY — Pope Francis, “ Let’s, ” Francis, Ibrahim Faltas, Jonas Gahr Støre, U.N, Israel’s, ” Tedros Adhanom, Tarik Jasarevic, Nebal Farsakh, ” Thomas White, ” Mahmoud, Abdallah Sayed Organizations: Saturday, Health Ministry, Hamas, West Bank, ICC, Criminal, Gaza, Gaza Health Ministry, Country, MINISTER, LONDON, UN, UNIFIL, VATICAN CITY, ISRAEL HELSINKI — Norway’s, NRK, “, United Nations, MINISTRY, FIRE, WHO, World Health Organization, JERUSALEM, Palestinian, Pentagon, UNITED NATIONS, . Security Council, United Arab Emirates Locations: Gaza, Israel, EGYPT, GAZA, Rafah, Egypt, Cairo, Kathmandu, ISRAEL, ”, LEBANON BEIRUT, Lebanon, Houla, Naqoura, Ukraine, Palestine, St, NORWAY'S, Norwegian, Norway, “, UN, FIRE KATHMANDU, Nepal, GAZA CAIRO, PALESTINIAN, Al, Quds, Gaza City, SYRIA DAMASCUS, Syria, Iranian, Iraq, U.S, Assad, GAZA'S, CAIRO, Gaza’s

SOELDEN, Austria (AP) — Norway's Ragnhild Mowinckel left the finish area of the season-opening women's World Cup race in tears Saturday after becoming the first skier to be disqualified for a forbidden type of wax on her skis. A rule in effect this season forbids the use of fluorinated wax in the pre-race preparation of skis. FIS banned the substance from its competitions after years of debate about the potential harm fluorinated wax can cause to health and the environment. We are not trying to cheat, because that is the worst thing for me,” Mowinckel told Norwegian broadcaster TV 2. Peter Gerdol, the women's race director of the International Ski and Snowboard Federation, said all skis were tested for the banned substance after both runs.

Persons: —, Ragnhild Mowinckel, Lara Gut, Mikaela Shiffrin, ” Mowinckel, Peter Gerdol, ” Gerdol, Rainer Salzgeber, Eric Willemsen Organizations: FIS, Federation, Twitter Locations: SOELDEN, Austria, Switzerland, Norwegian

☆ Worried about a slowdown? One asset management firm shares a way to hedge — and names 10 global stocks
▼ + stars: | 2023-10-27 | by ( Amala Balakrishner | ) www.cnbc.com time to read: +2 min

They define that form of value as "combined yield, a blend of dividend yield, free cashflow yield and net buyback yield." "Combined yield has been the best performing of the long-short European factors that we track, year-to-date," the analysts said. Stock screen AllianceBernstein performed a screen of "High Combined Yield Stocks" in Europe for the final quarter of the year. Equinor is listed on both the Oslo Stock Exchange and Nasdaq, while BP is traded on the London Stock Exchange and Frankfurt Stock Exchange. BP is also traded on the New York Stock Exchange in the form of American depositary shares.

Persons: it's, AllianceBernstein, France's, Norway's, — CNBC's Michael Bloom Organizations: Tesco, BP, Oslo Stock Exchange, Nasdaq, London Stock Exchange, Frankfurt Stock Exchange, New York Stock Exchange, Systems, Deutsche Post Locations: Europe, Belgian, British, Swiss

☆ Big central banks hit pause, with rate cuts far off
▼ + stars: | 2023-10-26 | by ( ) www.reuters.com time to read: +5 min

On Oct. 23, Fed Chair Jay Powell said a strong economy and tight jobs market could warrant more rate rises. Interest rate futures show traders believe the BoE will not cut rates, now at their highest since 2008, until at least June 2024. "The Governing Council’s past interest rate increases continue to be transmitted forcefully into financing conditions," the ECB said, adding it would follow a "data-dependent" approach and future decisions would be based on incoming data. Prime Minister Jonas Gahr Stoere told parliament last week interest rates may have peaked. Reuters Graphics Reuters Graphics8) AUSTRALIAThe Reserve Bank of Australia held rates steady at 4.1% for a fourth meeting in October.

Persons: Jonathan Ernst, Jay Powell, BoE, Jonas Gahr Stoere, Michele Bullock, Naomi Rovnick, Harry Robertson, Alun John, Yoruk Bahceli, Samuel Indyk, Chiara Elisei, Kripa Jayaram, Pasit, Riddhima, Sumanta Sen, Vineet, Amanda Cooper, Giles Elgood Organizations: . Federal, REUTERS, European Central Bank, Federal Reserve, Bank of England, UNITED, Reuters, Reserve Bank of New Zealand, BRITAIN, Bank of Canada, BoC, ECB, Norges Bank, Reuters Graphics Reuters, Reserve Bank of Australia, Bank of Japan, Thomson Locations: Washington, Japan, hawkish, dovish, NORWAY, SWEDEN Sweden, SWITZERLAND, Swiss, Gaza, JAPAN

☆ Brazilian Oil Industry Gets Support From New Congressional Caucus
▼ + stars: | 2023-10-26 | by ( Oct. | At P.M. | ) www.usnews.com time to read: +3 min

By Anthony BoadleBRASILIA (Reuters) - Brazilian lawmakers have set up a congressional caucus to represent Brazil's oil and gas industry, led by state-run producer Petrobras, and to back the company's plans to explore offshore fields near the mouth of the Amazon River. Petrobras has planned to explore in the so-called Northern Brazilian Equatorial Margin, following major discoveries in neighboring Guyana and Suriname. We have to explore for oil at the mouth of the Amazon," Pazuello said. The Parliamentary Front in Support of Oil, Gas and Energy, as the caucus is called, was launched on Tuesday with 217 members, or 42% of the lower chamber of Congress. He said the launch of the caucus received unprecedented support in Congress and was a non-partisan effort.

Persons: Anthony Boadle BRASILIA, Eduardo Pazuello, Luiz Inacio Lula da Silva's, Pazuello, Equinor, Washington Quaquá, Jair Bolsonaro, Anthony Boadle, Rod Nickel Organizations: Reuters, Petrobras, Wednesday, Mines and Energy Ministry, Gas, Energy, Lula's Workers Party Locations: Para, Guyana, Venezuela, Suriname, Brazil, Rio de Janeiro

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

☆ World’s largest sovereign wealth fund loses $34 billion as all asset classes fall in third quarter
▼ + stars: | 2023-10-24 | by ( Sam Meredith | ) www.cnbc.com time to read: +1 min

Norway's $1.4 trillion sovereign wealth fund, the world's largest, on Tuesday reported losses of 2.1% in the third quarter, as all asset classes fell in value. The fund last reported a quarterly loss one year ago. "The stock market saw a weaker quarter compared to the two previous quarters," Trond Grande, deputy chief executive of Norges Bank Investment Management, said in a statement. Norway's gigantic sovereign wealth fund was established in the 1990s to invest the surplus revenues of the country's oil and gas sector. The fund reported a quarterly loss of 3.3% on its investments in unlisted real estate, while the third-quarter loss on its renewable energy infrastructure investments came in at 2.4%.

Persons: Trond Grande Organizations: Fund Global, Norges Bank Investment Management

☆ Norway's wealth fund posts $34 bln loss in Q3
▼ + stars: | 2023-10-24 | by ( ) www.reuters.com time to read: +1 min

A general view of the Norwegian central bank in Oslo, Norway March 6, 2018. The fund's return on investment was minus 2.1% for the July-September period, which was 0.17 percentage points stronger than the return on the fund's benchmark index. The fund invests the Norwegian state's revenues from oil and gas production in equities, bonds, property and renewable projects abroad. The fund had 70.6% of its value invested in equities by end-September, compared to 71.3% three months earlier. ($1 = 11.0656 Norwegian crowns)Reporting by Gwladys Fouche, editing by Terje SolsvikOur Standards: The Thomson Reuters Trust Principles.

Persons: Gwladys, Trond Grande, Gwladys Fouche, Terje Solsvik Organizations: REUTERS, Rights, Thomson Locations: Norwegian, Oslo, Norway, Rights OSLO

☆ American Brooksby suspended for 18 months on whereabouts failures
▼ + stars: | 2023-10-24 | by ( ) www.reuters.com time to read: +1 min

Brooksby previously told the AP that he had never failed a drug test or taken "bad substances". The ITIA said that Brooksby accepted the first and third missed tests but disputed the second one. Brooksby has 21 days to appeal against the decision to the Court of Arbitration for Sport (CAS). "The whereabouts programme is a vital tool in maintaining a clean sport," ITIA CEO Karen Moorhouse said in a statement. Reporting by Amy Tennery in New York; editing by Clare FallonOur Standards: The Thomson Reuters Trust Principles.

Persons: Jenson Brooksby, Norway's Casper Ruud, Carl Recine, Brooksby, Karen Moorhouse, Amy Tennery, Clare Fallon Organizations: Melbourne, Tennis Integrity Agency, AP, Sport, Thomson Locations: Melbourne, Australia, New York

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