Nicolai Tangen, chief executive officer of Norges Bank Investment Management, during a news conference in Oslo, Norway, on Tuesday, Jan. 30, 2024. Norway’s $1.6 trillion wealth fund added to its bets in the biggest technology companies last year after interest in artificial intelligence drove a surge in the sector. Bloomberg | Bloomberg | Getty Images … Read more
The facade of Norway’s central bank, also known as Norges Bank, in Oslo, Norway. Bloomberg | Bloomberg | Getty Images Norway’s giant sovereign wealth fund on Thursday reported first-quarter profit of 1.21 trillion kroner ($109.9 billion), supported by robust returns on its investments in technology stocks. “Our equity investments had a very strong return in … Read more
Heli-skiing on virgin snow in Antarctica for a cool $2.2 million. A polar bear safari in an “off-limits” area of Norway’s Svalbard for $300,000. How about tracking snow leopards in the Himalayas with renowned explorers for $100,000? Big-ticket travel experiences like those are indicative of the “quiet luxury” trend which began in the world of … Read more
Norway has had massive success with EV adoption — 82% of new cars sold in the country in 2023 were electric, according to the Norwegian Road Federation. This high adoption rate can be attributed to the generous subsidies the Scandinavian country has offered to electric vehicle owners as well as its investment in charging infrastructure. … Read more
India flag, stock market, exchange economy and Trade, oil production, container ship in export and import business and logistics. Texbr | Istock | Getty Images India will lift most tariffs on four nations in Europe in a “watershed” deal that is expected to yield $100 billion worth of investment over 15 years and one billion … Read more
The receiving dock at the Northern Lights carbon capture and storage project, controlled by Equinor ASA, Shell Plc and TotalEnergies SE, at Blomoyna, Norway, on Friday, Jan. 19, 2024. Bloomberg | Bloomberg | Getty Images Norway’s government wants to show the world it is possible to safely inject and store carbon waste under the seabed, … Read more
The first cruise ship, ‘Norwegian Dawn’ to arrive at Portland Port since the arrival of the Bibby Stockholm immigration barge, is seen docking, on July 26, 2023 in Portland, England. Finnbarr Webster | Getty Images News | Getty Images A Norwegian cruise ship has been denied permission to dock in Mauritius over fears of a … Read more
Norway boasts the highest electric vehicle adoption rate in the world. Some 82% of new car sales were EVs in Norway in 2023, according to the Norwegian Road Federation (OFV). In comparison, 7.6% of new car sales were electric in the U.S. last year, according to Kelley Blue Book estimates. In the world’s largest auto … Read more
The Norges Bank, Norway’s central bank, in Oslo, Norway, on Tuesday, Oct. 17, 2023. Bloomberg | Bloomberg | Getty Images Norway’s giant sovereign wealth fund on Tuesday reported record profit of 2.22 trillion kroner ($213 billion) in 2023, supported by robust returns on its investments in technology stocks. The so-called Government Pension Fund Global, one … Read more
ROTTERDAM, SOUTH HOLLAND, NETHERLANDS – 2022/02/08: The deep-sea creatures on board the Luciana and the mining vessel Hidden Gem seen in the background, during the demonstration. Ocean Rebellions protest The Deep Sea Says No Why the deep sea? The deep seabed is largely unexplored, many areas have unique marine life (an estimated 10-million life forms … Read more
