News

Norway central bank raises rate to 4.0%, eyes September hike

Business

Category: Business News

Norway’s central bank raised its benchmark interest rate by 25 basis points to 4.0% on Thursday to try to curb inflation, as widely forecast, and said it would likely hike again in September. Thursday’s hike had been expected by all 31 economists polled by Reuters, and a majority of poll participants predicted the rate would hit […]

Source: Reuters.com

Published: March 29, 2024


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Statement from President Joe Biden on EU Adoption of Adequacy Decision for U.S.-EU Data Flows

Business

Category: Business News

“I welcome the European Commission’s adequacy decision for the EU-U.S. Data Privacy Framework—which will allow personal data to be transferred from Europe to U.S. companies safely and securely. Today’s announcement represents the culmination of years of close cooperation between the United States and the European Union, and affirms the strength of our transatlantic relationship founded […]

Source: The White House

Published: October 7, 2023


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AmCham Defense Forum – Expert Perspectives & Nordic Mindsets

AmCham

Category: AmCham News

AmCham Defense Forum: Expert Perspectives & Nordic Mindsets First House warmly hosted AmCham’s June Defense Forum, providing representatives from 24 organizations a unique opportunity to share insights, expand collaboration, and assess future transatlantic needs. The agenda focused on supporting US defense industry partners operating in Norway, with discussions centered on Norway’s future acquisitions and Nordic […]

Source: AmCham


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Norway Retail Sales Surprise With Biggest Jump in 6 Months

Business

Category: Business News

Norwegian retail sales rose more than expected in May, jumping the most in six months, led by hardware stores and petrol stations, in another sign that consumers show resilience to rising costs. Seasonally adjusted retail sales, excluding motor vehicles, rose 1.2% from April, compared with a median forecast of 0.2% gain in a Bloomberg survey […]

Source: Bloomberg


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Exxon CEO Tells Europe to Follow US Approach to Climate Action

Business

Category: Business News

European leaders looking to tackle climate change should look to US policy and “let the market work” to avoid driving companies away with prescriptive regulations, Exxon Mobil Corp. Chief Executive Officer Darren Woods said. “I think it’s a huge mistake to be picking winners and losers and focusing on specific technologies,” Woods told the CEO Norway’s […]

Source: Bloomberg


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