NEWS

130 countries and jurisdictions join bold new framework for international tax reform

Category: Accounting / Financial

130 countries and jurisdictions have joined a new two-pillar plan to reform international taxation rules and ensure that multinational enterprises pay a fair share of tax wherever they operate.

Source: OECD.org

Published: May 7, 2021

Norges Bank Sees Rate Hike in September Amid Hawkish Shift

Category: Accounting / Financial

Norway’s central bank is preparing for a series of quarterly interest-rate increases after the summer, in a move that puts it ahead of most of the rich world in unwinding the crisis policies triggered by the pandemic. Norges Bank will “most likely” raise rates in September, Governor Oystein Olsen said in a statement on Thursday. […]

Source: BloombergQuint

Norges Bank Proves Its Hawk Status as Rate Hike Moves Closer

Category: Accounting / Financial

Norway’s central bank brought forward the timing of what will probably be the rich world’s first cycle of interest rate hikes since the pandemic broke out. The Oslo-based bank, which kept its main rate unchanged at zero on Thursday, as predicted, said it now expects to start raising its benchmark deposit rate in the “latter […]

Source: Bloomberg

World’s Most Gender-Diverse Corporation Says Secret to Success Is Childcare

Category: Accounting / Financial

One of Europe’s best capitalized and top performing banks was also just named the world’s most gender diverse corporation. DNB ASA, Norway’s biggest bank, achieved the highest score for equality between the sexes of all corporations in the Equileap Gender Equality Global Report & Ranking of 2021, published this month. DNB’s chief executive, Kjerstin Braathen, […]

Source: Bloomberg

Economic perspectives by Øystein Olsen, Governor, Norges Bank

Category: Accounting / Financial

Annual address by Governor Øystein Olsen to the Supervisory Council of Norges Bank on Thursday, 18 February 2021. One year ago, I stood here and delivered the annual address to 300 guests. This year is different. This evening there are no guests physically present at the central bank. The contrast with last year could hardly […]

Source: Norges Bank