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In a development that few predicted just two days ago, the central bank kept its main interest rate unchanged at a 15-year high of 5.25%. The U.S. Federal Reserve also left rates unchanged Wednesday. While the decision to leave rates unchanged is a welcome development, it doesn't mean that Britain's cost-of-living crisis has ended. The Swiss National Bank also kept rates unchanged Thursday, but in a busy day for central bank action in Europe, Sweden's and Norway's central banks pushed ahead with quarter-point hikes. The European Central Bank, which sets interest rates for the 20 European Union countries that use the euro currency, last week hinted that its 10th straight hike could be its last.

Organizations: —, Bank of England, The U.S . Federal Reserve, Monetary, Swiss National Bank, European Central Bank, Union Locations: Ukraine, The, Russia, U.S, Britain, Europe

STOCKHOLM (AP) — Sweden’s central bank raised its key interest rate Thursday, saying that “inflationary pressures in the Swedish economy are still too high,” although there were signs that inflation had begun to fall. Sweden has been struggling with high inflation — it was 7.5% in August, down from 9.3% in July, but far from the 2% target set by Sweden’s central bank. Thursday's interest rate increase meant that the policy rate is at the highest level since October 2008, the Swedish news agency TT wrote. Norway's central bank also raised its policy rate by a quarter-point on Thursday, to 4.25%. “Persistently high inflation imposes substantial costs on society,” Norges Bank said, adding that ”a somewhat higher interest rate is needed to bring inflation down to target within a reasonable horizon.”The moves came on a busy day of central bank action.

Persons: Ida Wolden Bache, — Organizations: STOCKHOLM, U.S ., TT, Norges Bank Gov, ”, ” Norges Bank, Bank of England, Swiss National Bank, U.S . Federal Reserve Locations: Swedish, Sweden, Ukraine, Norway

☆ Take Five: A central bank bonanza
▼ + stars: | 2023-09-18 | by ( ) www.reuters.com time to read: +5 min

Now it's the turn of the world's most important central bank. Also on Thursday, the Bank of England is tipped to hike for the 15th consecutive meeting, taking benchmark borrowing costs to 5.5%. Norway's central bank is also expected to nudge benchmark borrowing costs higher, following a 25 bps rise in August to 4%. Reuters Graphics4/ DIVERGING TRAJECTORIESThe push and pull factors on central banks are nowhere more visible than in emerging markets. But for Turkey's central bank, convening on Thursday, the only way is up.

Persons: Lewis Krauskopf, Kevin Buckland, Amanda Cooper, Naomi Rovnick, Karin Strohecker, Jerome Powell, Kazuo Ueda, Ueda, hypothesise, Tayyip Erdogan, Mark Heinrich Our Organizations: U.S . Federal, ECB, Bank of England, Reuters, Bank of Japan, Japan's, of Finance, Thomson Locations: Central, Lewis, New York, Tokyo, London, United States, Europe, Scandinavia, Switzerland, Norway's, Latin America, South Africa, Egypt, Taiwan

☆ Sweden is the No. 1 country for affordability, safety and overall quality of life
▼ + stars: | 2023-09-17 | by ( Celia Fernandez | ) www.cnbc.com time to read: +2 min

U.S. News and World Report ranked the best countries in the world based on quality of life. U.S. News and World Report recently released its ranking of the best countries in the world based on quality of life. 1 country for quality of life: SwedenThe great square of Stortorget, in Gamla Stan Stockholm Sweden. After Sweden, Norway ranked as the second best country in the world for quality of life, according to the U.S. News and World Report. Canada ranked as the third best country based on quality of life, according to the U.S. News and World Report.

Persons: Michael Robinson, Alexander Spatari Organizations: . News, U.S . News, WPP, Wharton School, University of Pennsylvania, Gamla Stan Stockholm, Sweden Norway Canada, CIA, Getty, Canada Locations: U.S, Sweden, Gamla Stan, Gamla Stan Stockholm Sweden, Sweden Norway, Sweden Norway Canada Denmark Finland Switzerland Netherlands Australia Germany New Zealand Norway, Norway, United States, Canada

☆ History books will tell how Ukraine transformed modern warfare, says top NATO admiral
▼ + stars: | 2023-09-17 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +4 min

History books will show that Ukraine has transformed modern warfare, said a top NATO admiral. Bauer says that NATO will support Ukraine throughout the war and the "many, many years after that." "Every day, we are in awe of our Ukrainian brothers and sisters in uniform," Bauer told the NATO Military Committee Conference. History books will show Ukraine has transformed modern warfare. The NATO chief said that Ukraine would "eventually" become a military alliance member.

Persons: Adm, Rob Bauer, Bauer, Muhammed Enes Yildirim, Getty Images Bauer, Jens Stoltenberg, Stoltenberg, Germany's Funke, Jamar Marcel Pugh Organizations: NATO, Service, NATO Military Committee, Armed Forces, NATO Military, Conference, Putin's, Anadolu Agency, Getty Images, Moldovan, Novo, Novo Selo Training, US Army National Guard Locations: Ukraine, Wall, Silicon, Oslo, Norway's, Bahkmut, Bakhmut, Russia, Kyiv, NATO, Novo Selo, Bulgaria, Sweden

☆ Russian forces near Norway at '20% or less' than before Ukraine war, Norway's armed-forces chief says
▼ + stars: | 2023-09-16 | by ( ) www.reuters.com time to read: +2 min

General Eirik Kristoffersen, head of Norway's Armed Forces, poses for a picture at his office in Oslo, Norway, September 26, 2022. REUTERS/Gwladys Fouche/File Photo Acquire Licensing RightsOSLO, Sept 16 (Reuters) - Russian forces stationed in the Arctic near Norway are "20% or less" of the number they were before the February 2022 invasion of Ukraine, Norway's chief of defence said on Saturday. "On our border, on the Russian border, there is maybe 20% or less (Russian) forces left than it used to be before Feb. 24, 2022," he told a press conference. "If he believed that we were threatening Russia, he couldn't have moved on his troops to Ukraine to fight the war there." Finland and Russia share a 1,300 km (810 miles) border, with Russian troops along that zone, as with Norway, below the numbers they were before the war.

Persons: Eirik Kristoffersen, Gwladys, Vladimir Putin, couldn't, Rob Bauer, Finland, Bauer, Gwladys Fouche, Sabine Siebold, Nick Macfie Organizations: Norway's Armed Forces, REUTERS, Rights, NATO, Russian, Thomson Locations: Oslo, Norway, Rights OSLO, Russian, Ukraine, Russia, Northern, Finland, Berlin

☆ Coleman, Jackson upset world champions in Diamond League final
▼ + stars: | 2023-09-16 | by ( ) www.reuters.com time to read: +3 min

Athletics - Diamond League - Xiamen Diamond League - Egret Stadium, Xiamen, China - September 2, 2023 Christian Coleman of the U.S. celebrates after winning the men's 100m final REUTERS/Aly Song/File Photo Acquire Licensing RightsSept 16 (Reuters) - American Christian Coleman stunned world champion Noah Lyles to win the men's 100 metres at the Diamond League final in Eugene, Oregon on Saturday as Jamaican Shericka Jackson took the women's sprint title. Coleman missed out on the podium at the World Championships in Budapest but broke the tape in a blistering 9.83 seconds as fellow American Lyles finished second in 9.85. Coleman, the 2018 Diamond League champion, exploded off the blocks and Lyles was unable to overcome a slower start. Jamaican Jackson finished second at the World Championships behind American Sha'Carri Richardson but took the lead in the last half of the women's 100 metres before breaking the tape in 10.70. World champion Warholm was strong favourite after claiming three Diamond League wins this year but Benjamin finished strongly to clock 46.39 seconds, the year's best time and fourth-fastest ever.

Persons: Christian Coleman, Aly, Noah Lyles, Shericka Jackson, Coleman, Lyles, Kenyan Ferdinand Omanyala, I’ll, Bolt, Jackson, Sha'Carri Richardson, Ivorian Marie, Josee Ta Lou, Elaine Thompson, Rai Benjamin, Karsten Warholm, Warholm, Benjamin, Kyron McMaster, Kipyegon, sparkled, Kirani James, Quincy, Amy Tennery, Ed Osmond Organizations: Diamond League, Xiamen Diamond League, Kenyan, Ivorian, British Virgin Islands, Quincy Hall of, United States, Thomson Locations: Xiamen, China, Eugene , Oregon, Budapest, British, New York

☆ Norway wealth fund tells companies to plan for climate transition
▼ + stars: | 2023-09-15 | by ( ) www.reuters.com time to read: +1 min

A general view of the Norwegian central bank, where Norway's sovereign wealth fund is situated, in Oslo, Norway, March 6, 2018. The fund also published a policy concerning the use of voluntary carbon credits, which it said companies could use in certain cases. "We believe companies should prioritise reducing own emissions but can use additional and verified credits as a supplement to signal high climate ambitions," it said. Carbon credits should not be counted towards science-based interim emission reduction targets, and companies must be transparent about the details of credits they use, it added. "Ultimately, carbon removals will be needed by many companies seeking to achieve net zero emissions by 2050," the fund said.

Persons: Gwladys, Carine Smith Ihenacho, Terje Solsvik, Essi Organizations: REUTERS, Companies Norges Bank, Thomson Locations: Norwegian, Oslo, Norway, OSLO

☆ Norway will deliver gas to Europe for as long as needed, climate minister says
▼ + stars: | 2023-09-15 | by ( ) www.reuters.com time to read: 1 min

Espen Barth Eide, Norway's Minister of Climate and Environment, arrives at the informal meeting of EU environment ministers at the Scandinavian XPO in Marsta outside Stockholm, Sweden, April 18, 2023. TT News Agency/Henrik Montgomery via REUTERS/File Photo Acquire Licensing RightsOSLO, Sept 15 (Reuters) - Norway must continue to deliver natural gas to Europe for as long as needed while also working to decarbonise the continent's energy systems, the Norwegian climate and environment minister said on Friday. "We think it's strategically important that we uphold these deliveries while there is still use, but we also work for the elimination of use, for the transition from natural gas," Espen Barth Eide told a Reuters Newsmaker event. Reporting by Gwladys Fouche, editing by Terje Solsvik and Essi LehtoOur Standards: The Thomson Reuters Trust Principles.

Persons: Espen Barth Eide, Henrik Montgomery, Gwladys Fouche, Terje Solsvik Organizations: Norway's, TT News Agency, REUTERS, Rights, Reuters, Thomson Locations: Marsta, Stockholm, Sweden, Rights OSLO, Norway, Europe, Norwegian

Norway could become the first nation to make deep sea mining happen on a commercial scale if the country's parliament approves a plan to open ocean an area larger than the United Kingdom to the new industry. The mining could provide a source for such metals as copper and rare earth elements for the transition away from fossil fuels. He did not say whether SV would make support for the government's budget conditional on the issue. Still, Haltbrekken said deep sea mining was "high on our agenda" and "an important issue for us". In 2021, SV blocked the government's plans to conduct oil and gas exploration licensing round in frontier areas.

Persons: Lars Haltbrekken, Haltbrekken, SV, Victoria Klesty, Nerijus, Gwladys Fouche, Timothy Gardner Organizations: Reuters, NOAA, of Ocean Exploration, REUTERS, Rights, Labour, Centre Party, Socialist Left, SV, Conservative, Progress Party, Thomson Locations: Rights OSLO, Norway, United Kingdom

U.S. Commerce Secretary Gina Raimondo's trip to China last month had promised some economic and trade detente between the two superpowers now at loggerheads. And none of the 222 funds polled expected China economic growth to be any higher next year than this - mirroring a recent Reuters survey of domestic and overseas banks and investors. As these sorts of surveys go, there's an awful lot in there that could spell "peak gloom". Indeed, shorting China equities was deemed the second "most crowded trade" behind long exposure to supercharged Big Tech stocks. Even if the economy turns, political catalysts for a return to China may be slow in coming.

Persons: Aly, Gina Raimondo's, it's, Jamie Dimon, Jay Clayton, Jenny Johnson, Franklin Templeton, Willem Sels, Mike Dolan, Sharon Singleton Organizations: REUTERS, . Commerce, Bank of, Big Tech, Reuters, Reuters Graphics Reuters, JPMorgan, Investments, The Ontario Teachers, Caisse, Franklin, HSBC Private Banking, Thomson Locations: Shanghai, Shenzhen, China, loggerheads, Wall, Asia, Silicon Valley, Hong Kong, Temasek, Bridgewater, Blackrock, India, Indonesia, Washington, United States

The focus is shifting to a new front: Synthetic graphite, an element developed in the late 19th century, but only redirected toward EVs in the past decade. Synthetic graphite could account for nearly two-thirds of the EV battery anode market by 2025, estimates Benchmark Mineral Intelligence. "It’s easier to set up a synthetic graphite production facility than it is to commission new mining sites for natural graphite” because producers can take advantage of incentives in last year's U.S. Inflation Reduction Act to build synthetic graphite capacity in the U.S. or Free Trade Agreement partners, she said. Other experts note synthetic graphite is generally higher purity and offers better and more predictable performance than natural graphite. Still, the construction of new production facilities for synthetic graphite, even with federal incentives, requires a staggering investment, said Novonix's Burns.

Persons: Simon Dawson, ”, Victoria Hugill, It's, Chris Burns, Norway's, Vianode, Hans Erik Vatne, Vatne, Bob Galyen, China’s CATL, Novonix's Burns, “, Fastmarkets, Burns, Paul Lienert, Nick Carey, Timothy Gardner Organizations: REUTERS, Mineral Intelligence, EV, U.S, Trade, Infrastructure Investment, Jobs Act, Norsk Hydro, Hydro, Galyen Energy, Thomson Locations: London, Britain, United States, Europe, China, U.S, Bainbridge , Georgia, Chattanooga , Tennessee, North America, Detroit

"We can confirm from our independent sources of information that the number of missing people is hitting 10,000 so far," he told reporters via video link. 'NEVER FELT AS FRIGHTENED'[1/6]People are stuck on a road as a powerful storm and heavy rainfall hit Shahhat city, Libya, September 11. At Tripoli airport in northwest Libya, a woman started to wail loudly as she received a call saying most of her family were dead or missing. "If a huge flood happens the result will be catastrophic for the people of the wadi and the city," the paper said. Pope Francis was among world leaders who said they were deeply saddened by the deaths and destruction in Libya.

Persons: Daniel, Storm Daniel, Abu Chkiouat, Derna, Al Jazeera, Tamer Ramadan, Martin Griffiths, Ali Al, Saadi, Mostafa Salem, Salem, wail, Walid Abdulati, Karim al, Al, Khalifah, hydrologist, Omar Al, Mukhtar, Pope Francis, Tarek Amara, Ayman Werfali, Ahmed Elumami, Al Bayda, Laila Bassam, Friedrieke Heine, Angus McDowall, Gabrielle Tétrault, Farber, Clauda Tanios, Jana Choukeir, Gavin Jones, Emma Farge, Tom Perry, Ingrid Melander, Alison Williams, Peter Graff, Mark Heinrich Our Organizations: UN, Storm, Reuters, International Federation of, Red Crescent Societies, United, REUTERS, Libyan, Mukhtar University, Norway's Refugee, Thomson Locations: Libya's, Libya, Derna, Benghazi, United Nations, Turkey, Tripoli, Al Jazeera, NATO, Misrata, Norway's, Tunisia, Al

[1/2] Indigenous Sami activists set up a lavvo, a Sami tent, outside the Norwegian parliament in protest against two wind farms built on Sami reindeer pastures, in Oslo, Norway September 11, 2023. REUTERS/Gwladys Fouche Acquire Licensing RightsOSLO, Sept 11 (Reuters) - An Indigenous Sami activist set up camp outside the Norwegian parliament on Monday to protest against wind turbines built on land traditionally used by Sami reindeer herders, saying he will stay there as long as the turbines remain in place. Norway's supreme court in October 2021 ruled that two wind farms built at Fosen in central Norway, part of Europe's largest onshore wind farm, violated Sami rights under international conventions. "I believe that there is only one solution and that is to tear down the wind turbines at Fosen." About Monday's protest, Aasland said "the right to free expression is a founding democratic right I have great respect for".

Persons: Gwladys, Mihkkal Haetta, Greta Thunberg, Terje Aasland, Aasland, Gwladys Fouche, Hugh Lawson Organizations: REUTERS, Rights, Reuters, and Energy, Thomson Locations: Oslo, Norway, Rights OSLO, Sami, Fosen, Norwegian

☆ Norway's Labour loses regional vote after a century on top
▼ + stars: | 2023-09-11 | by ( ) www.reuters.com time to read: +1 min

[1/3] Norwegian Prime Minister Jonas Gahr Store receives the election day forecasts at the Labor Party's election vigil during the municipal election 2023, in Oslo, Norway September 11, 2023. Terje Pedersen/NTB/via REUTERS Acquire Licensing RightsOSLO, Sept 11 (Reuters) - Norway's governing Labour Party fell to second place behind the Conservatives in Monday's regional and municipal election, a preliminary count showed, the first time since 1924 that the leftwing group failed to finish first in a nationwide vote. With 60% of ballots counted, Labour had won 21.8% of the vote, official data showed, down from 24.8% in 2019, while the Conservative Party stood at 25.8%, up from 20.1% four years ago. While the setback deepens Labour's woes, Prime Minister Jonas Gahr Stoere has said he will continue to lead his minority coalition government regardless of the regional vote's outcome, which does not affect the composition of parliament. Labour and the rural-oriented Centre Party, in government since 2021 following a landslide for leftwing parties, next face an election for parliament in 2025.

Persons: Jonas Gahr, Terje Pedersen, Jonas Gahr Stoere, Erna Solberg, Terje Solsvik, Gwladys Organizations: Norwegian, Labor, REUTERS Acquire, Rights, Labour Party, Labour, Conservative Party, Soaring, Party, Conservative, Thomson Locations: Oslo, Norway, Rights OSLO, Monday's

☆ Factbox: US offshore wind projects facing inflation headwinds
▼ + stars: | 2023-09-11 | by ( ) www.reuters.com time to read: +10 min

One megawatt (MW) can power about 1,000 U.S. homes but since wind is an intermittent resource - 1 MW of offshore wind can power about 500 U.S. homes, according to offshore wind developers. SOUTH FORKDenmark's Orsted (ORSTED.CO), the world's largest offshore wind power developer, is building the 132-MW project off Rhode Island and Massachusetts. COMMONWEALTH WINDThe 1,232-MW project off Massachusetts, which was formerly a part of the larger New England Wind project, is also facing potential delays. ATLANTIC SHORES OFFSHORE WIND SOUTHThe joint venture between Shell and French EDF is developing a large offshore wind park off New Jersey. MARWINMaryland's first offshore wind project is expected to start operations in 2025-2026.

Persons: Joe Biden, Kevin Lamarque, Joe Biden's, GW, Lazard, Vineyard, Orsted, Eversource, NYSERDA, Norway's Equinor, Avangrid, MARWIN, Nerijus Adomaitis, Nichola Groom, Scott DiSavino, Marguerita Choy Organizations: Federal, State, White, REUTERS, U.S, U.S . Department of Energy, Reuters, Washington , D.C, U.S . Energy Information Administration, Avangrid, Copenhagen Infrastructure Partners, Public Service Enterprise, Orsted, Eversource Energy, Rhode Island Energy, Dominion Energy, Virginia Beach, Dominion, NYSERDA, COMMONWEALTH, Shell, EDF, US, Italy's Renexia SpA, US Wind, Thomson Locations: Washington , U.S, U.S, New England, New York, Pennsylvania, Washington ,, Spanish, Copenhagen, Rhode Island and Massachusetts, New Jersey, Rhode, Connecticut, Orsted, VIRGINIA, Virginia, York, Long, Montauk, Massachusetts, French, ATLANTIC, Atlantic Shores, Italy's Renexia, Maryland

☆ Online grocery firm Instacart seeks up to $7.7 billion valuation in IPO
▼ + stars: | 2023-09-11 | by ( Ryan Browne | ) www.cnbc.com time to read: +2 min

In the filing, Instacart said it is setting an offer price of between $26 and $28 for its IPO. Instacart said it would issue 22 million shares in total, comprising 14.1 million of newly issued shares from the company and 7.9 million shares from selling stockholders. Instacart said its total common stock outstanding will be 276 million shares or 279.3 million if underwriters exercise an option to purchase additional shares. At 276 million shares total, Instacart will likely secure a valuation of about $7.7 billion. Alongside TCV, Sequoia Capital, D1 Capital Partners, and Valiant Capital Management, the fund would purchase up to roughly $400 million in the offering.

Persons: Instacart, Goldman Sachs Organizations: underwriters, PepsiCo, Norges Bank Investment Management, Sequoia Capital, D1 Capital Partners, Valiant Capital Management Locations: Sequoia

☆ Dozens of rich Norwegians worth billions have relocated to Switzerland to escape higher taxes
▼ + stars: | 2023-09-10 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +2 min

Wealthy Norwegians are fleeing the country following a wealth tax increase last year. Røkke, who has a Forbes-estimated net worth of $4.9 billion, had reportedly been the country's biggest taxpayer. Switzerland has long been considered an attractive tax haven for affluent people looking to take advantage of its lower taxes. According to PwC, wealth taxes in Switzerland vary by canton – its 26 regions. It says that the result of this is an "overall personal net wealth tax rate between 0.02% and 1.03%."

Persons: Dagens, Kjell Inge Rokke Organizations: Service, Nordic, Aker ASA, Forbes, U.S . News Locations: Switzerland, Wall, Silicon, Norway

☆ Norges Bank: Norway's $1.4 trillion investment fund is shutting its China office
▼ + stars: | 2023-09-08 | by ( Laura He | ) edition.cnn.com time to read: +4 min

The firm, which manages Norway’s $1.4 trillion government pension fund, is the world’s biggest single investor in the stock market. The decision to close its Shanghai office was driven by “operational considerations” and doesn’t affect the fund’s investments or its investment strategy in China, NBIM said in a statement on Thursday. There are currently eight people in the Shanghai office, the firm said. Norges Bank is the central bank of Norway. Ontario Teachers’ Pension Plan, one of the world’s largest pension funds, closed its Hong Kong-based China equity investment team earlier this year.

Persons: NBIM, Odin Jaeger Organizations: Hong Kong CNN — Norges Bank Investment Management, Norges Bank, Bloomberg, Getty, Ontario, CNN, Forrester Research, Consulting Locations: China, Hong Kong, Shanghai, Asia, Singapore, Oslo, Norway, Norwegian

☆ Norway's Ingebrigtsen breaks 2,000m record in Brussels
▼ + stars: | 2023-09-08 | by ( Philip Blenkinsop | ) www.reuters.com time to read: +2 min

BRUSSELS, Sept 8 (Reuters) - Norway's Jakob Ingebrigtsen broke a 24-year-old world record in the rarely run 2,000 metres in the Diamond League meeting in Brussels on Friday. "I think I'm at a point in my career where I can challenge all the records as well. Kitaguchi threw a 2023 world-leading distance of 67.38 metres in the final round to secure victory against a strong women's javelin line-up. In the 400 metre hurdles, Dutch world champion Femke Bol destroyed the opposition to set a meeting record of 52.11 seconds. Reporting by Philip Blenkinsop, additional reporting by Tommy Lund in Gdansk; Editing by Toby DavisOur Standards: The Thomson Reuters Trust Principles.

Persons: Jakob Ingebrigtsen, Morocco's Hicham El, Ingebrigtsen, Shericka Jackson, Haruka Kitaguchi, Jackson, Kitaguchi, Femke Bol, Elaine Thompson, Laura Muir, Ciara Mageean, Philip Blenkinsop, Tommy Lund, Toby Davis Organizations: Diamond League, Irish, Thomson Locations: BRUSSELS, Brussels, Belgian, Morocco's Hicham El Guerrouj, Paris, Eugene, Budapest, Gdansk

☆ A 51-year-old man stumbled across the 'gold find of the century' with a metal detector after his doctor told him to get outside more often
▼ + stars: | 2023-09-07 | by ( Associated Press | ) www.businessinsider.com time to read: +3 min

Bore bought a metal detector earlier this year as a hobby and stumbled across an archeological marvel. He discovered gold pearls, rings, and pendants. It turned out to be nine pendants, three rings and 10 gold pearls in what was described as the country's gold find of the century. AdvertisementAdvertisementIn August, Bore began walking around the mountainous island with his metal detector. On the Rennesoey ones, the horse's tongue hangs out on the gold pendants, and "its slumped posture and twisted legs show that it is injured," Oehrl said.

Persons: It's, Ole Madsen, " Madsen, Håkon, Sigmund Oehrl, Odin, Oehrl Organizations: Service, —, Archaeological, University of Stavanger Locations: Wall, Silicon, COPENHAGEN, Denmark, Norwegian, Rennesoey, Stavanger, Norway, Europe, Sweden, Oslo

However, as government policies started to line up in the industry's favor in recent years, offshore wind developers unveiled a host of new project proposals, mostly off the U.S. East Coast. Many contracts for offshore wind projects have no mechanism for adjustment in the case of higher interest rates or costs. In New York, offshore wind developers also sought to boost the price of power produced at their projects. Norway's Equinor EQNR.OL and its partner BP (BP.L) are seeking a 54% increase for the power produced at three planned offshore wind farms - Empire Wind 1 and 2 and Beacon Wind. But the offshore wind industry is not fully satisfied.

Persons: Joe Biden, Kevin Lamarque, Eli Rubin, Rubin, Equinor, France's, Scott DiSavino, Nerijus, Nichola Groom, Simon Webb, Marguerita Choy Organizations: Federal, State, White, REUTERS, U.S ., Dominion, EBW Analytics, Reuters, U.S . Federal Reserve, Commonwealth, BP, Nichola, Thomson Locations: Washington , U.S, U.S, Europe, U.S . East Coast, Rhode, Virginia, Massachusetts, New York, Oslo, Culver City

☆ Climate commitments are 'not political,' says Nicolai Tangen
▼ + stars: | 2023-09-06 | 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 EmailClimate commitments are 'not political,' says Nicolai TangenNicolai Tangen, CEO of the Norway's sovereign wealth fund, discusses ESG policies and looks at what risks may lie ahead for the fund.

Persons: Nicolai Tangen Nicolai Tangen

☆ Lyles, Richardson back up world titles in Zurich
▼ + stars: | 2023-08-31 | by ( ) www.reuters.com time to read: +3 min

ZURICH, Aug 31 (Reuters) - Americans Noah Lyles and Sha'Carri Richardson cemented their status as fastest in the world this year with victories at the Weltklasse Diamond League meeting on Thursday. Kyron McMaster of the British Virgin Islands handed world record holder Karsten Warholm his first 400 hurdles loss this season, taking victory in 47.27 to edge the weary-looking world champion Norwegian who crossed in 47.30. The Olympic champion and twice reigning world champion failed on three attempts at 6.23 - what would have been the seventh time he has bettered the world record. Winfred Yavi of Bahrain passed world record holder Beatrice Chepkoech of Kenya with a lap remaining in a carbon copy of her world victory to win the women's 3,000 steeplechase. Yomif Kejelcha of Ethiopia won a men's 5,000 race in which Lamecha Girma, the world record holder in the 3,000 steeplechase, dropped out with two laps to go.

Persons: Noah Lyles, Sha'Carri Richardson, Richardson, Erriyon Knighton, Knighton, Jamaica's Shericka Jackson, Jackson, Kyron McMaster, Karsten Warholm, Warholm, Yulimar Rojas, Rojas, Armand Duplantis of, Mutaz Barshim, Yared, Briton Josh Kerr, Kerr's, Norway's Jakob Ingebrigtsen, Nuguse, Kerr, Yavi, Beatrice Chepkoech, Yomif, Lamecha, Lori Ewing, Ed Osmond Organizations: Weltklasse Diamond League, British Virgin Islands, Venezuela, Olympic, Thomson Locations: ZURICH, Budapest, Zurich, Hungary, British, Norwegian, Armand Duplantis of Sweden, Qatar, Bahrain, Kenya, Ethiopia

☆ Russia is demanding Norway pay over $4.4 million in compensation after 42 Norwegian reindeer wandered across the border
▼ + stars: | 2023-08-31 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

42 reindeer from Norway have crossed into Russia this year in search of better pastures. But Russia wants over $4.4 million in compensation for the reindeer grazing in a national park. The Norwegian agriculture authority plans to meet with the Russian national park to discuss compensation. Norway is also repairing a 7-kilometer, or 4.3-mile, section of the reindeer fence at the cost of 3.7 million kroner. The Norwegian Directorate of Agriculture and Russia's natural resources and environment ministry did not immediately respond to requests for comment from Insider sent outside regular business hours.

Organizations: Service, Agriculture, Russian, Norwegian, of Agriculture Locations: Norway, Russia, Wall, Silicon, Norwegian, Pasvik Zapovednik, Russian

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