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☆ Shiffrin ends season on a high with another record in giant slalom win
▼ + stars: | 2023-03-19 | by ( ) www.reuters.com time to read: +1 min

[1/5] Alpine Skiing - FIS Alpine Ski World Cup - Women's Giant Slalom - Soldeu, Andorra - March 19, 2023 Mikaela Shiffrin of the U.S celebrates with the globe trophy after winning the women's Slalom REUTERS/Albert GeaMarch 19 (Reuters) - Mikaela Shiffrin extended her record to 88 World Cup victories after dominating the season-ending giant slalom in Soldeu on Sunday to win her 14th event of the season. Victory also gave the American her 138th podium to break the women's record she shared with compatriot Lindsey Vonn after finishing third in Saturday's slalom. Sweden's Ingemar Stenmark holds the men's record for most podiums with 155. Shiffrin, who broke Stenmark's record of 87 wins earlier this month, had already won the slalom and giant slalom titles along with the overall crystal globe. Pre-race favourites, including last year's Olympic champion Sara Hector of Sweden, Italy's Federica Brignone and Saturday's slalom winner Petra Vlhova, did not finish their first run after crashing through gates.

☆ TikTok unveils new European data security regime
▼ + stars: | 2023-03-08 | by ( Martin Coulter | ) www.reuters.com time to read: +1 min

LONDON, March 8 (Reuters) - TikTok has announced out a new data security regime, nicknamed “Project Clover”, amid growing pressure from lawmakers on both sides of the Atlantic. The European Parliament, European Commission and the EU Council recently banned TikTok from staff phones due to growing concerns about the company, which is owned by Chinese firm ByteDance, and whether China's government could harvest users' data or advance its interests. At a news briefing on Wednesday, TikTok said it would begin storing European user data locally this year, with migration continuing into 2024. That’s been our approach in the U.S., that’s been our approach everywhere,” said Theo Bertram, VP of government relations and public policy. TikTok has engaged a similar strategy in the U.S., nicknamed “Project Texas”, in an attempt to placate hostile lawmakers.

☆ Russian oligarchs' superyachts have avoided the US west coast and the Mediterranean since Russia invaded Ukraine, heat maps show
▼ + stars: | 2023-02-25 | by ( Kate Duffy | ) www.businessinsider.com time to read: +5 min

Russian oligarchs' superyachts were detected in different regions after the Ukraine war began. Heat maps show oligarchs' yachts have avoided America's west coast and the Mediterranean. The MediterraneanSpire MaritimeSpire's data found that the Mediterranean was a hotspot for Russian oligarchs' superyachts before Russia invaded Ukraine. Turkey still offers a safe haven for Russian oligarchs' assets because it's yet to sanction Russia for its aggression against Ukraine. Arabian SeaSpire MaritimeSpire's data also honed in on the movements of Russian oligarchs' yachts around the Arabian Sea.

☆ Russian bombers intercepted by NORAD near Alaska
▼ + stars: | 2023-02-15 | by ( ) www.reuters.com time to read: +2 min

[1/4] A Russian Tu-95MS strategic bomber performs a flight over the neutral waters of the Bering Sea, in this still image taken from a handout video released February 14, 2023. Russian Defence Ministry/Handout via REUTERSFeb 15 (Reuters) - Several Russian strategic bombers and fighter jets have been intercepted by North American air defence forces as they flew over international airspace near Alaska, the North American Aerospace Defence Command (NORAD) said. "NORAD had anticipated this Russian activity ... Two NORAD F-16 fighters intercepted the Russian aircraft," it said. Russia said on Wednesday that it had carried out several flights over international waters in recent days, including in the Bering Sea between Alaska and Russia. "Long-range aviation pilots regularly perform flights over the neutral waters of the Arctic, North Atlantic, Black Sea, Baltic Sea and Pacific Ocean," Russia's defence ministry said.

☆ NATO's Stoltenberg will not seek another extension of his term, spokesperson says
▼ + stars: | 2023-02-12 | by ( ) www.reuters.com time to read: +1 min

BERLIN, Feb 12 (Reuters) - NATO Secretary-General Jens Stoltenberg will end his term as planned in October, a spokesperson for the alliance said, after a newspaper reported a further extension was in the works. "The mandate of Secretary-General Jens Stoltenberg has been extended three times, and he has served for a total of almost nine years," NATO spokesperson Oana Lungescu said late on Saturday. "The Secretary-General's term comes to an end in October of this year and he has no intention to seek another extension of his mandate." Stoltenberg, an economist by training and a former leader of Norway's Labour Party, had his NATO term extended last year. Welt said alliance members wanted to give Stoltenberg the opportunity to chair the organisation's 75th anniversary summit in Washington in April 2024.

☆ NATO to extend Stoltenberg's term to April 2024, Welt am Sonntag reports
▼ + stars: | 2023-02-12 | by ( ) www.reuters.com time to read: +1 min

BERLIN, Feb 12 (Reuters) - NATO will extend again the term of Secretary General Jens Stoltenberg, Welt am Sonntag reported on Sunday, citing unidentified diplomatic sources, as the alliance seeks to maintain stability during the war in Ukraine. Members will extend Stoltenberg's term until April 2024 due to his "outstanding achievements" and to guarantee the military alliance's stability during the ongoing war in Ukraine, the newspaper said. Stoltenberg, an economist by training and a former leader of Norway's Labour Party, had his original NATO term extended last year. He was prime minister of Norway from 2000-01 and 2005-13 before becoming NATO chief the following year. Welt said alliance members want to give Stoltenberg the opportunity to chair the organisation's 75th anniversary summit in Washington in April 2024.

The fund has long engaged on climate change with the companies it invests in. Last year, it voted against the re-election of 61 directors at 18 companies due to failures in adequately managing climate risk. In 2022, the fund discussed climate change at 810 meetings it held with companies that represent 33% of the value of the its equity portfolio. One of them was oil major Shell (SHEL.L), with whom the fund discussed the company's energy transition plan and climate change, it said. In a sign of its focus on climate, the fund no longer prints the report, making it available online only.

☆ Morgan Stanley says Biden-backed green subsidies will boost this little-known hydrogen stock
▼ + stars: | 2023-02-09 | by ( Ganesh Rao | ) www.cnbc.com time to read: +2 min

Shares of Norway's Nel Hydrogen are expected to rise by more than 20% thanks to the latest set of green subsidies in both the U.S. and Europe, according to Morgan Stanley. Morgan Stanley says Nel shares, which trade in the U.S. and Europe , will rise to 22 Norwegian Kroner ($2.15) over the next 12 months. Apart from the sectoral tailwinds, Nel shares also benefit from being one of the few listed green hydrogen companies, said the analysts. Morgan Stanley is also bearish on ITM Power's stock, which is one of the few viable alternatives, according to the bank. However, Morgan Stanley believes sentiment has hit rock bottom, and shares of the company are likely to rise from the current level.

"We will now vote against board members if a company has experienced material failures in the oversight, management or disclosure of climate risk," the fund said in its annual report on responsible investments, published on Thursday. The fund has long engaged on climate change with the companies it invests in. In 2022, the fund discussed climate change at 810 meetings it held with companies that represent 33% of the value of the fund's equity portfolio. One of them was oil major Shell (SHEL.L), with whom the fund discussed the company's energy transition plan and climate change, it said. Climate change was the second-most important issue discussed by the fund with companies after "human capital management", or how companies invests in their workers.

☆ These heat maps show the dramatic change in the movements of oligarchs' superyachts since Russia invaded Ukraine
▼ + stars: | 2023-02-08 | by ( Kate Duffy | ) www.businessinsider.com time to read: +5 min

☆ Norway's gigantic sovereign wealth fund loses a record $164 billion, citing 'very unusual' year
▼ + stars: | 2023-01-31 | by ( Sam Meredith | ) www.cnbc.com time to read: +1 min

Norway's sovereign wealth fund was established in the 1990s to invest the surplus revenues of the country's oil and gas sector. Norway's sovereign wealth fund on Tuesday reported a record loss of 1.64 trillion Norwegian kroner ($164 billion) for the whole of 2022, citing "very unusual" market conditions. The $1.3 trillion fund was established in the 1990s to invest the surplus revenues of Norway's oil and gas sector. Norway's vast North Sea oil and gas reserves are the bedrock of the fund's wealth. Indeed, the country's skyrocketing fossil fuel revenues amid Russia's war in Ukraine have prompted an impassioned debate about international justice.

☆ Norway’s fossil fuel bonanza stokes impassioned debate about how best to spend its ‘war profits’
▼ + stars: | 2023-01-26 | by ( Sam Meredith | ) www.cnbc.com time to read: +5 min

It has ignited an impassioned debate about international justice, with many questioning whether it is fair for Norway to rake in record oil and gas revenues at the expense of others' misfortune. Norway's Finance Ministry expects the state's revenues from oil and gas sales to climb to 1.38 trillion Norwegian krone ($131 billion) this year. "They are war profits," Lars-Henrik Paarup Michelsen, director of the Norwegian Climate Foundation think tank, told CNBC via telephone. Oil companies are getting richer and richer, but we don't see that money — and who is really paying for this? The so-called Government Pension Fund Global, among the world's largest sovereign wealth funds, was established in the 1990s to invest the surplus revenues of Norway's oil and gas sector.

At stake is whether EU vessels have the right to catch snow crab, whose meat is considered a delicacy by gourmets in Japan and South Korea, in the same way than Norwegian vessels do. "If the Supreme Court thinks the Svalbard treaty applies, it is not only about snow crab, it will be about oil, gas, minerals and fish," he told Reuters. In a sign of the importance the case has for Norway, 16 Supreme Court judges were present on Tuesday to hear arguments during the four-day session. "The key question here is the Svalbard Treaty and the surrounding areas," Hallvard Oestgaard, representing the Latvian fishing firm, told the court in his opening statement. In 2019 the Supreme Court ruled unanimously that EU fishermen must ask permission from Oslo to catch snow crab, after the same Latvian fisheries company had tried to fish off Svalbard with only an EU licence.

☆ Russian Wagner mercenary commander detained in Norway
▼ + stars: | 2023-01-23 | by ( ) www.nbcnews.com time to read: +2 min

Norwegian police have detained a former commander of Russia’s Wagner mercenary group who recently fled to Norway, but his lawyer dismissed suggestions that he might be deported to Russia. Medvedev said he had been detained and handcuffed on Sunday at a hotel where he was staying and taken to a detention center. Gulagu.netPolice had detained Medvedev as there was “disagreement” between them about the measures taken to ensure his safety, Risnes said. Gulagu.net said Medvedev would face “brutal murder and death” for speaking out against Wagner if he was returned to Russia. He has said he crossed the snowy Arctic Circle border into Norway, a NATO member, from Russia after climbing through barbed-wire fences and evading a border patrol with dogs.

☆ Norway detains former Wagner commander, denies any plan to deport him to Russia
▼ + stars: | 2023-01-23 | by ( ) www.reuters.com time to read: +3 min

Summary Former Wagner Group commander seeking asylum in NorwayPolice detained him amid disagreement on security measuresRussian rights group says he fears being deported to RussiaPolice, lawyer deny any plan to deport MedvedevOSLO, Jan 23 (Reuters) - Norwegian police have detained a former commander of Russia's Wagner mercenary group who recently fled to Norway, but denied suggestions that he might be deported to Russia. Medvedev said he had been detained and handcuffed on Sunday at a hotel where he was staying and taken to a detention centre. Gulagu.net said Medvedev would face "brutal murder and death" for speaking out against Wagner if he was returned to Russia. He has done many bad things in his life," the rights group said. He has said he crossed the snowy Arctic Circle border into Norway, a NATO member, from Russia after climbing through barbed-wire fences and evading a border patrol with dogs.

☆ Analysts expect this under-the-radar global carbon capture stock to soar by up to 65%
▼ + stars: | 2023-01-17 | by ( Ganesh Rao | ) www.cnbc.com time to read: +3 min

Shares of Norway-based Aker Carbon Capture could rise by 65%, according to analysts, as demand increases for emissions reduction technology. Aker Carbon Capture builds carbon capture and storage (CCS) plants in an effort to lower emissions from industrial cement and steelmaking plants. The company's latest innovation, revealed last week, would cut the energy needed to capture carbon and improve the company's profitability in the future, according to analysts at Berenberg. Berenberg analysts said Aker's stock could also move following an expected announcement from the U.K. to build carbon capture plants. Aker Carbon Capture's ADRs are also traded on the OTC markets in the U.S.

☆ Norway naval officer goes on trial over oil tanker collision
▼ + stars: | 2023-01-16 | by ( ) www.reuters.com time to read: +2 min

OSLO, Jan 16 (Reuters) - A Norwegian naval officer stands trial on Monday accused of negligence that led to the 2018 collision between a warship he commanded and an oil tanker in which the military vessel sank. The early-morning crash between the Ingstad and the fully loaded Sola TS crude carrier near a major North Sea oil export terminal also triggered shutdowns of parts of Norway's petroleum production. There was no leak from the oil tanker. A commission investigating the collision later said the brightly lit Sola TS may have been difficult to distinguish from the nearby terminal from where it had set off, confusing the Ingstad crew. The collision exposed safety gaps in the Norwegian navy, including inadequate training and risk assessment systems.

☆ Salary Transparency Is Coming — so I Decided to Tell Everyone What I Make
▼ + stars: | 2023-01-16 | by ( Aki Ito | ) www.businessinsider.com time to read: +37 min

But there's a glaring catch to my support for pay transparency: I haven't actually practiced it in my own life. To find out why, I decided to commemorate the dawning age of salary transparency by telling pretty much everyone in my life what I earn. Norway responded to pay transparency with yet another level of transparency, and that brought down the level of snooping.. Thanks to its nationwide experiment, Norway has been fertile ground for scholars trying to measure the consequences of extreme pay transparency. But I do believe that as more states implement pay-disclosure laws — and as Gen Z increasingly comes to dominate the workforce — salary transparency is going to become the new norm.

☆ Viking cruise passengers tried to maintain their sense of humor after marine growth on the ship's hull left them trapped onboard for 10 days: 'It was a plot twist'
▼ + stars: | 2023-01-12 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +7 min

Passengers aboard the Viking Orion missed several port stops due to marine growth on the ship. It was to be the "trip of a lifetime," Heydrick told Insider. The Viking Orion made headlines last month after the cruise ship missed several planned port stops due to "marine growth" found in the ship's hull. Cruise liner Viking Orion (L) is moored in Melbourne's Port Philip Bay on March 24, 2020. "Viking Orion" cruise ship under the flag of Norway is seen anchored at Bodrum Cruise Port in Bodrum district of Mugla, Turkey on April 18, 2021.

☆ Anyone can live and work in Svalbard, a group of Arctic islands, visa-free — as long as they don't run out of money and abide by a unique set of rules
▼ + stars: | 2022-12-31 | by ( Hannah Towey | ) www.businessinsider.com time to read: +7 min

Insider spoke with four locals (one of whom was deported) about what it's like to work in Svalbard. Svalbard, a Norwegian archipelago 500 miles from the North Pole, is home to the world's northernmost human settlement. He moved to the island from the US in 2008 with around $1 million dollars in the bank and ambitions to launch an English-language newspaper, Sabbatini told Insider. Courtesy of Martin FialaThanks to the local housing crisis, it's easier to find work on Svalbard than a place to live. The price to pay is that it's exhausting and chaotic, but that's pretty awesome," Fiala told Insider.

☆ Analysis: U.N. nature deal can help wildlife as long as countries deliver
▼ + stars: | 2022-12-22 | by ( Gloria Dickie | ) www.reuters.com time to read: +5 min

Conservationists praised the deal's ambition, saying it amounted to a Paris Agreement for nature in setting out 23 specific targets against which countries can measure their progress. "This is equivalent to the 1.5 degrees Celsius global goal for climate," said Marco Lambertini, director-general of World Wildlife Fund International. "Otherwise, there is a big risk that the cheapest areas are protected rather than those that matter most for biodiversity." During the talks, delegates discussed whether protected areas should be entirely off-limits to human settlement and development, or if some resource extraction should be allowed if managed sustainably. Canada, one of the world's largest nations, is expanding protected land and marine areas in the Arctic.

☆ Ukraine's Zelenskiy asks European leaders for air defence, tanks, weapons
▼ + stars: | 2022-12-19 | by ( Andrius Sytas | ) www.reuters.com time to read: +3 min

"I ask you to increase the possibility of supplying air defence systems to our country, and to help speed up the relevant decisions to be taken by our partners," Zelenskiy said, addressing Sunak. "For our defence operations to be more successful we need armoured vehicles, primarily tanks," said Zelenskiy. "The sooner we restore our border control, the stronger your security will be," Zelenskiy said. "Ukrainian children in their letters to St Nicholas ask for air defence, for weapons, for victory," he said, referring to the name used for Santa Claus in Ukraine. Reporting by Andrius Sytas, editing by Terje Solsvik, Stine Jacobsen and Tomasz JanowskiOur Standards: The Thomson Reuters Trust Principles.

☆ Russia has destroyed all efforts to forge better ties since the Cold War by invading Ukraine, NATO chief says
▼ + stars: | 2022-12-13 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +3 min

NATO's chief said Ukrainian invasion destroyed decades of work to improve relations post Cold War. He said "NATO strived for decades to develop a better, more constructive relationship with Russia." But Russia "walked away from all this" and trust won't come back even with a war end. The Cold War ended in 1991, and the NATO-Russia Council was founded in 2002, with the aim of working as partners in areas of common interest. The war has also ramped up military and political tensions between Russia and NATO specifically.

☆ Trust between the West and Russia has been destroyed, NATO chief says
▼ + stars: | 2022-12-12 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +2 min

The West has tried to build bridges with Russia since the end of the Cold War but any trust that was established in recent years has been destroyed with Russia's invasion of Ukraine, NATO Director-General Jens Stoltenberg said Monday. "NATO strived for decades to develop a better, more constructive relationship with Russia," he told CNBC's Hadley Gamble in Brussels. Stoltenberg said a level of trust that had been established during a rapprochement between Western nations and Russia in recent decades had been destroyed by Moscow's decision to invade Ukraine. "Even if the fighting ends, we will not return to some kind of normal, friendly, relationship with Russia. "I think the war has had long-lasting consequences for the relationship with Russia."

They have made me feel excluded,” Cavallo told CNN’s Chief International Anchor Christiane Amanpour on Tuesday. Jonathan DiMaggio/Getty ImagesThe Adelaide United midfielder and former Australian youth international made headlines last year when he came out as gay. Cavallo was speaking to Amanpour ahead of Australia’s 4-1 Group D defeat by France in their opening World Cup game. Earlier this year, Cavallo spoke of his hopes of playing for Australia at the World Cup, but he didn’t make the Socceroos’ final squad for Qatar 2022. However, the 23-year-old said that he had expected the Australian captain to wear the “OneLove” armband in solidarity with the LGBTQ community despite the risk of sanctions for any player who wore the armband.

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