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A 0.25 mg injection pen of Novo Nordisk's weight-loss drug Wegovy is shown in this photo illustration in Oslo, Norway, September 1, 2023. REUTERS/Victoria Klesty/Illustration/File Photo Acquire Licensing RightsLONDON/NEW YORK, Oct 23 (Reuters) - The growth in demand for appetite suppressing anti-obesity drugs like Novo Nordisk's (NOVOb.CO) Wegovy presents opportunities for food manufacturers and the market's initially downbeat reaction may be overdone, investors say. Still, the stock market impact left some food manufacturers "trembling," said John Plassard, senior investment specialist at Nestle investor Mirabaud Group. The uptake in appetite suppressing drugs seems to be a U.S.-led dynamic, said My Nguyen, research analyst at Legal & General Investment Management America. "Elsewhere, trends such as wealthier, more mobile middle classes in emerging countries can support shifts towards snacking and convenience foods."

Persons: Victoria Klesty, Richard Saldanha, Wegovy, Kiran Aziz, Mark Schneider, John Plassard, Brian Frank, Frank, Nguyen, Richa Naidu, Matt Scuffham, Kirsten Donovan Organizations: REUTERS, Walmart, Nestle, Aviva, Novo Nordisk, EY, Industry, Health Sciences, Wellness, Mirabaud, Tyson Foods, Arcos Dorados, Legal, General Investment Management America, Germany's, Investments, Unilever, Coca Cola, Thomson Locations: Oslo, Norway, Victoria, United States, Denmark, Germany, Arda, Ural, U.S

☆ 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

☆ Norwegian monetary policy is 'starting to have an effect,' says DNB CFO
▼ + stars: | 2023-10-19 | 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 EmailNorwegian monetary policy is 'starting to have an effect,' says DNB CFOIda Lerner, CFO of DNB, Norway's largest financial services group, discusses earnings and the Norwegian economy.

Persons: Ida Lerner Locations: Norwegian

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

A Norwegian Air plane is refuelled at Oslo Gardermoen airport, Norway November 7, 2019. Norwegian Air (NAS.OL) said it had cancelled a planned evacuation flight from Tel Aviv to Oslo due to a lack of insurance cover. The Dutch foreign ministry said it would send a military plane to Israel on Thursday instead. Norwegian Air had been due to fly Norwegian and other Nordic citizens stranded in Israel out of the country on Thursday evening. Germany's Lufthansa (LHAG.DE) was sticking to its plans for evacuation flights on Thursday and Friday.

Persons: Lefteris, Anna Ringstrom, Bart H, Meijer, Tim Hepher, Terje Solsvik, Deborah Kyvrikosaios Organizations: REUTERS, Rights, Airlines, Norwegian Air, Dutch KLM, Air, Norwegian, KLM, Air France, Nordic, Hamas, Lufthansa, Thomson Locations: Norwegian, Oslo Gardermoen, Norway, Rights STOCKHOLM, AMSTERDAM, Israel, Air France, Tel Aviv, Oslo, Paris

STOCKHOLM/AMSTERDAM, Oct 12 (Reuters) - Airlines wrestled with the safety risk of evacuation operations in Israel on Thursday, with carriers including Dutch KLM cancelling flights while sister airline Air France mounted a special relief flight chartered by the French foreign ministry. Israel's parliamentary finance committee meanwhile approved a plan to provide a state guarantee of $6 billion to cover insurance against war risks to Israeli airlines. The framework will grant Israeli airlines cover against war risks, thereby ensuring the continuity of air operations. Foreign airlines have struggled to find a common approach and the head of European budget giant Ryanair (RYA.I) said it was up to governments to plot the way forward. PATCHY RESPONSEGermany's Lufthansa (LHAG.DE) said it was sticking to its plans for evacuation flights on Thursday and Friday, while continuing to ground commercial flights to Israel.

Persons: Ben Gurion, Ben Smith, Ed Bastian, Sasha Gainullin, Rafael Schvartzman, Obama, Anna Ringstrom, Bart H, Meijer, Tim Hepher, Joanna Plucinska, Julia Payne, Carolyn Cohn, Steven Scheer, Rajesh Kumar Singh, Doyinsola, Terje Solsvik, Deborah Kyvrikosaios, Diane Craft Organizations: Airlines, Dutch KLM, Air France, Palestinian, Israel's, Norwegian Air, Insurance, Reuters, Foreign, Ryanair, KLM, Boeing, Lufthansa, Dubai's Emirates, Delta Air Lines, International Air Transport Association, Regulators, U.S . Federal Aviation Administration, Thomson Locations: STOCKHOLM, AMSTERDAM, Israel, Palestinian, Tel Aviv's, Ben, Gaza, Tel Aviv, Eilat, Emirates, United States, Europe, U.S, Ben Gurion

☆ 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

☆ Two killed by avalanches on Tibet’s Shishapangma as 50 were climbing
▼ + stars: | 2023-10-08 | by ( ) www.reuters.com time to read: +3 min

Shishapangma, at just over 8,000 metres (26,247 feet), is the world's 14th tallest peak. Two avalanches hit its slopes at elevations of 7,600 metres and 8,000 metres on Saturday, killing American climber Anna Gutu and Nepalese guide Mingmar Sherpa, Xinhua reported on Sunday. All climbing activity on Shishapangma was suspended because of the unstable snow conditions. Had one of the Pakistani climbers, Sirbaz Khan, reached the top of Shishapangma he would have become the first Pakistani to summit all 14 mountains over 8,000 metres. Among those who had previously died on Shishapangma was famed American climber Alex Lowe in 1999, also because of an avalanche.

Persons: Anna Gutu, Gina Marie Rzucidlo, Tenjen Sherpa, Norway's Kristin Harila, Sirbaz Khan, Shishapangma, Alex Lowe, David Bridges, Ryan Woo, Christian Schmollinger Organizations: Xinhua, Sherpa, Thomson Locations: BEIJING, American, Pakistan, United States, Britain, Romania, Albania, Italy, Japan, Xinhua, Nepal

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

☆ Novo Nordisk owner readies for big Wegovy windfall
▼ + stars: | 2023-10-03 | by ( Maggie Fick | ) www.reuters.com time to read: +4 min

COPENHAGEN, Oct 3 (Reuters) - The CEO of Novo Holdings said on Tuesday the controlling shareholder of Danish drugmaker Novo Nordisk (NOVOb.CO) is ready for a huge windfall from the runaway success of weight-loss drug Wegovy. Novo Holdings invests and manages the wealth and assets of the Novo Nordisk Foundation, whose newly bulging coffers could make it a major philanthropist and environmental, social and governance (ESG) investor. He was speaking to a group of journalists in Copenhagen, where the investment company, its owner Novo Nordisk Foundation, and the drugmaker Novo Nordisk are all headquartered. [1/4]Novo Holdings A/S CEO Kasim Kutay speaks at Novo Nordisk Foundation in Hellerup, Denmark, October 3, 2023. Novo Holdings' early-stage investments team now has $200 million to deploy each year, Soren Moller, who heads the seed division, told Reuters.

Persons: Kasim Kutay, Wegovy, Kutay, I've, Morgan Stanley, Ali Withers, Peter Lawaetz Andersen, Andersen, Soren Moller, Maggie Fick, Josephine Mason, Louise Heavens, Catherine Evans Organizations: Novo Holdings, Novo Nordisk, Novo Nordisk Foundation, The Foundation, Holdings, Moelis, REUTERS, Foundation, Norway's Coalition, Reuters, Thomson Locations: COPENHAGEN, Danish, Copenhagen, Novo, United States, Hellerup, Denmark, Shanghai, China, Singapore, Boston, San Francisco

☆ Europe roaring towards Ryder Cup win after fast start in singles
▼ + stars: | 2023-10-01 | by ( Martyn Herman | ) www.reuters.com time to read: +2 min

ROME, Oct 1 (Reuters) - Europe were galloping towards reclaiming the Ryder Cup as they turned the scoreboard blue with a burst of birdies in the early singles matches against the United States on Sunday. With the Marco Simone course again bathed in sunshine and thousands lining the fairways, Europe set about taking the four points they needed to seal the deal in ruthless fashion. Europe captain Luke Donald top-loaded his singles order with world number three Jon Rahm, number four Viktor Hovland and number two Rory McIlroy, who was involved in some unsavoury scenes the night before, in the opening four matches. Outplayed virtually from the start of the 44th edition of the Ryder Cup, Zach Johnson's U.S. team had given themselves some hope by winning Saturday's afternoon fourballs 3-1 to trail by five points heading into the 12 singles duels. After the early action on Sunday, however, avoiding their worst-ever defeat could be a more realistic target.

Persons: Marco Simone, Luke Donald, Jon Rahm, Viktor Hovland, Rory McIlroy, Zach Johnson's, Rahm, Scottie Scheffler, Scheffler, Norway's Hovland, Collin Morikawa, McIlroy, Sam Burns, Matt Fitzpatrick, Max Homa, Tyrrell Hatton, Brian Harman, Patrick Cantlay, Fitzpatrick, Justin Rose, Martyn Herman, Clare Fallon Organizations: Ryder, U.S, Thomson Locations: Europe, United States

☆ Fleetwood secures Ryder Cup for Europe after brave U.S. fightback
▼ + stars: | 2023-10-01 | by ( Martyn Herman | ) www.reuters.com time to read: +6 min

But I am so proud of my 12 guys," said Europe skipper Luke Donald, whose team seized control of the 44th Ryder Cup on Friday with a 4-0 sweep of the morning foursomes. The 32-year-old Fleetwood, who picked up three points from his four matches, had not expected to be centre of attention. Northern Ireland's McIlroy, playing his seventh Ryder Cup, beat dogged rookie Sam Burns 3&1. McIlroy, Europe's talisman, ended up with four points to take his career Ryder Cup tally to 18, and said it made up for the pain of Whistling Straits. But Fowler drove his tee shot into water at the par-four 16th and when Fleetwood found the green, Europe could breathe easy.

Persons: Ryder, Marco Simone Golf, Luke Donald, Phil Noble, Fleetwood, Hovland, McIlroy, Hatton, MacIntyre, Homer, Koepka, Thomas, Schauffele, Tommy Fleetwood, Marco Simone, Rickie Fowler, Zach Johnson, I'm, Donald, Jon Rahm, Viktor Hovland, Rory McIlroy, Collin Morikawa, Spain's, Rahm, Scottie Scheffler slugged, Scheffler, Brooks Koepka, Northern Ireland's McIlroy, Sam Burns, Patrick Cantlay's caddie, Justin Rose, Englishman Tyrrell Hatton, Brian Harman, Swede Ludvig Aberg, Max Homa, Matt Fitzpatrick, Xander Schauffele, Nicolai Hojgaard, Fowler, Martyn Herman, Clare Fallon, Ed Osmond Organizations: Country Club, Ryder, REUTERS, European Ryder, U.S, mojo, Briton, 44th Ryder, Northern, British, Thomson Locations: Rome, Italy, ROME, Europe, American, Whistling Straits, U.S, Bethpage

Here are some things to know about the Nobel Prizes:AN IDEA MORE POWERFUL THAN DYNAMITEPolitical Cartoons View All 1190 ImagesThe Nobel Prizes were created by Alfred Nobel, a 19th-century businessman and chemist from Sweden. Though Nobel purists stress that the economics prize is technically not a Nobel Prize, it’s always presented together with the others. The Nobel Prizes project an aura of being above the political fray, focused solely on the benefit of humanity. The Norwegian Nobel Committee is an independent body that insists its only mission is to carry out the will of Alfred Nobel. To date, 60 women have won Nobel Prizes, including 25 in the scientific categories.

Persons: Alfred Nobel, Dynamite, ”, it’s, Nobel, Barack Obama, Liu Xiaobo, Albert Einstein, Mother Teresa, Jean, Paul Sartre, Le Duc Tho, Henry Kissinger, Ales Bialiatski, that’s Organizations: STOCKHOLM, Karolinska Institute, Nobel Foundation, U.S, Royal Swedish Academy of Sciences Locations: Scandinavia, Stockholm, Oslo, Swedish, Sweden, NORWAY, Norway, Norwegian, Beijing, China, Ukraine, Russia, Europe, North America

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

☆ Inspired Europe make dream start to Ryder Cup as Americans stunned
▼ + stars: | 2023-09-29 | by ( Martyn Herman | ) www.reuters.com time to read: +5 min

A thrilling fourballs session was going the way of the Americans as they led in three matches deep into the back nine. But Viktor Hovland, Jon Rahm and veteran Justin Rose ensured Europe won it 2-1/2 to 1-1/2, with three matches that went all the way to the 18th. "That was my moment there on the 18th -- I've made us a lot of points but I haven't had many moments like that so that was immense," Rose, playing his sixth Ryder Cup, said. Hovland was majestic as he and Aberg, the first Ryder Cup player not to contest a major, proved too hot for Homa and Harman to handle in match two. Matt Fitzpatrick, playing with McIlroy, earned his first Ryder Cup point in stunning fashion with four birdies and an eagle in an early blitz that Morikawa and Schauffele never recovered from, losing 5&3.

Persons: Ryder, Marco Simone Golf, Europe's Ludvig, Guglielmo Mangiapane, foursomes, Rahm, Marco Simone, Luke Donald's, Zach Johnson's, Viktor Hovland, Jon Rahm, Justin Rose, Donald, Putts, Viktor, Jon, Rosie, Spaniard Rahm, Tyrell Hatton, Brooks Koepka, Scottie Scheffler, Norway's Hovland, Hatton, Jordan Spieth, Justin Thomas, Rose, Max Homa, Wyndham Clark, haven't, Johnson, Thomas, Ludvig Aberg, Brian Harman, Scheffler, Scottie, Sam Burns, Aberg, Harman, Shane Lowry, Sepp Straka, Collin Morikawa, Rickie Fowler, Rory McIlroy, Tommy Fleetwood, Fleetwood Mac, Patrick Cantlay, Xander Schauffele, Koepka, Nicolai Hojgaard, Matt Fitzpatrick, McIlroy, Schauffele, Martyn Herman, Toby Davis, Pritha Organizations: Country Club, REUTERS, Marco Simone Country Club, Europe, U.S, Ryder, Swedish, British, Thomson Locations: Rome, Italy, ROME, Europe, U.S, Peter's, Homa

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, Sept 28 (Reuters) - Norway's data regulator will refer the fine it has imposed on Meta Platforms (META.O) to the European data authority, it said on Thursday, a move that could make the fine permanent and widen it to the European Union. The Norwegian regulator, Datatilsynet, is now referring its decision to the European Data Protection Board, which could make the decision permanent if it agrees with the Norwegian regulator's decision. "Datatilsynet has asked the European Data Protection Board (EDPB) for a binding decision in the Meta case," the regulator said in a statement. "In the request, we ask that the Norwegian temporary ban on behaviour-based marketing on Facebook and Instagram be made permanent and extended to the entire EU/EEA."

Persons: Yves Herman, Instagram, Datatilsynet, Meta, Gwladys, Terje Solsvik Organizations: REUTERS, Meta, European Union, Facebook, Big Tech, European Data Protection, Data Protection, EEA, Thomson Locations: Brussels, Belgium, Norwegian, Norway

☆ UK gives approval for controversial Rosebank oil and gas field development
▼ + stars: | 2023-09-27 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +1 min

A view of Sullom Voe Terminal, an oil and gas terminal in the Shetland Islands on September 2021. LONDON — British regulators on Wednesday gave approval for Norway's energy giant Equinor to develop the controversial U.K. offshore Rosebank field in the North Sea, just off the northwest coast of the Shetland Islands. The North Sea Transition Authority said it has also given the necessary consent. Finance Minister Jeremy Hunt said: "We are accelerating renewables and nuclear power, but will still need oil and gas for decades to come — so let's get more of what we need from within British waters." The approval comes after Britain in July confirmed plans to issue hundreds of new oil and gas licenses in the North Sea, despite its stated target to decarbonize all of the national sectors of the economy by 2050.

Persons: Equinor, Claire Coutinho, Jeremy Hunt Organizations: LONDON, Transition, Ithaca Energy, . Energy Security Locations: Shetland Islands, North, Shetland

SAS filed for U.S. bankruptcy protection last year as it struggled to slash costs and debt amid strikes by pilots. SAS hopes to raise 9.5 billion Swedish crowns ($863 million) in new equity and convert 20 billion crowns of debt into equity. They could include Sweden's family-owned Wallenberg foundation, which currently holds a 3.4% stake in SAS, or Danish pension funds, he said. Once that is done, SAS can begin proceedings to exit chapter 11 bankruptcy protection, which could be late this year or next year, Pedersen said. It is not clear if SAS will be taken off the Swedish stock market after exiting bankruptcy protection.

Persons: Johan Nilsson, Apollo, Jacob Pedersen, Gerald Engstrom, Pedersen, Johannes Birkebaek, Jacob Gronholt, Mark Potter Organizations: SAS Airbus, Kastrup, Scandinavian Airlines, TT News Agency, REUTERS, Rights, Scandinavia's, SAS, U.S, Italy's ITA Airways, Portugal's TAP, WHO, Apollo Global Management Inc, European Union, Wallenberg, Private, Lufthansa, ITA Airways, Thomson Locations: Kastrup, Denmark, Rights COPENHAGEN, Danish, Copenhagen, EU, Europe, SWEDEN, NORWAY, Swedish, Sweden, Private Swedish

☆ 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

☆ Landslide causes large chunk of Swedish motorway to collapse
▼ + stars: | 2023-09-23 | by ( ) www.reuters.com time to read: +1 min

"The hardest hit parts of the landslide area measure around 150 x 100 meters. In total, however, the landslide has affected an area of around 700 x 200 meters," the Gothenburg Rescue Services said in a statement. "A number of people have been helped out of vehicles in the slide area with the help of fire personnel and a helicopter." A rescue services spokesperson told public broadcaster SVT all people in the vehicles had been helped out. The rescue services said specially trained staff and search dogs would now search the area, and that further slides could not be ruled out.

Persons: Anna Ringstrom, Peter Graff Organizations: Gothenburg Rescue Services, TT, SVT, Police, Thomson Locations: STOCKHOLM, Sweden, Gothenburg, Norway's, Oslo, Stenungsund, Sweden's, Swedish

☆ Worried about vulnerable airbases, a US ally landed a F-35A stealth fighter on a highway for the first time in NATO's newest member
▼ + stars: | 2023-09-22 | by ( Jake Epstein | ) www.businessinsider.com time to read: +6 min

Norway's military did something that's never been done before and landed a F-35A on a highway for the first time. Not only for the Norwegian Air Force, but also for the Nordic countries, and for NATO. Norwegian F-35A taking off from a highway in Finland for the first time. Norwegian F-35A taking off from a highway in Finland for the first time. The F-35A is used by the Air Force while the F-35C is employed by the Navy and Marine Corps aboard carriers.

Persons: that's, Finland —, —, Rolf Folland, Folland, Eivind Byre, Eirik Kristoffersen, Ole Andreas Vekve, it's, Lockheed Martin, Tony Bauernfeind Organizations: Service, Norwegian Armed Forces, Norwegian Air Force, Nordic, NATO, Royal Norwegian Air Force, US Air Force, Air Force, Lockheed, Marine Corps, Marines, Pacific, Navy, Air Force Special Operations Command Locations: Wall, Silicon, Norway, Finland, NATO, Finnish, Nordic, Michigan, Wyoming, Texas, Norwegian, Southern California, Russia, China

☆ Dollar eases after Fed-spurred rise; yen stronger ahead of BOJ
▼ + stars: | 2023-09-21 | by ( Saqib Iqbal Ahmed | ) www.reuters.com time to read: +4 min

[1/3] Euro, Hong Kong dollar, U.S. dollar, Japanese yen, pound and Chinese 100 yuan banknotes are seen in this picture illustration, January 21, 2016. The Japanese yen strengthened against the greenback before Friday's Bank of Japan policy announcement, while the pound and the Swiss franc slipped after the British and Swiss central banks kept rates unchanged. The BOJ will end its negative interest rate policy next year, the majority of economists said in a Reuters poll, as the market has begun to envisage the demise of its ultra-easy monetary settings. The pound fell to its lowest since March after the Bank of England held interest rates steady on Thursday, following a cooler-than-expected inflation report the previous day. Meanwhile, Sweden's Riksbank and Norway's central bank both raised rates by 25 basis points, in line with expectations.

Persons: Jason Lee, Helen, Powell didn't, BoE, Monex's, Brad Bechtel, Sweden's, bitcoin, Saqib Iqbal Ahmed, Sam Holmes, Shri Navaratnam, Sharon Singleton, Richard Chang Organizations: Hong, REUTERS, U.S, Federal Reserve, Friday's Bank of Japan, Swiss, British, Fed, Monex, ECB, Traders, FX, Jefferies, Bank of England, Swiss National Bank, Thomson Locations: Hong Kong, Swiss, Japan, Swedish, Norwegian

An aerial view shows oil tanks of Transneft oil pipeline operator at the crude oil terminal Kozmino on the shore of Nakhodka Bay near the port city of Nakhodka, Russia June 13, 2022. U.S. West Texas Intermediate crude (WTI) climbed 36 cents, or 0.4%, to $90.02. The Fed on Wednesday maintained interest rates, but stiffened its hawkish stance, projecting a quarter-percentage-point increase to 5.50-5.75% by year-end. "The Fed stance and a strong labor market has driven equities and commodities lower, pressuring oil," said Kilduff. Oil prices remained supported by concern about tight supply globally entering the fourth quarter.

Persons: Tatiana Meel, Brent, refiners, Tamas Varga, Vargas, John Kilduff, Paul Carsten, Natalie Grover, Laura Sanicola, Trixie Yap, Sonali Paul, Jane Merriman, Alexandra Hudson, David Gregorio Our Organizations: . West Texas, . Federal, Fed, U.S ., U.S . Labor Department, Bank of England, Organization of, Petroleum, Thomson Locations: Nakhodka, Russia, Russian, ., New York, Norway's, Cushing, London

☆ Pound, franc slide as central banks pause hikes; dollar holds firm
▼ + stars: | 2023-09-21 | by ( Samuel Indyk | ) www.reuters.com time to read: +4 min

The euro rose as high as 0.9677 francs and is set for its biggest one-day rise since June. The dollar rose 0.8% to 0.9053 francs , hitting its highest level since June 13. "The Swiss franc has understandably weakened after the surprise hold in the policy rate today," ING strategists said in a note. Meanwhile, Sweden's Riksbank and Norway's central bank both raised rates by 25 basis points, in line with expectations. Although you never know for sure with this central bank," said Matt Simpson, senior market analyst at City Index.

Persons: Dado Ruvic, Sterling, Goldman Sachs, Michael Cahill, Sweden's, Niels Christensen, Matt Simpson, Samuel Indyk, Brigid Riley, Kevin Buckland, Sam Holmes, Shri Navaratnam, Sharon Singleton Organizations: REUTERS, Swiss, British, U.S . Federal Reserve, Friday's Bank of Japan, Bank of England, Swiss National Bank, ING, Fed, Bank of Japan, New Zealand, NZ, Thomson Locations: Swiss, Sweden, Norway, Swedish, Norwegian

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