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Record-sized data centre planned in Norway
Category: Financial / Investment
Plans to build the world’s “largest” data centre are being made public. The facility is set to be created at the Norwegian town of Ballangen, which is located inside the Arctic Circle. The firm behind the project, Kolos, says the chilled air and abundant hydropower available locally would help it keep its energy costs down. […]
Source: BBC
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Norway is the 4th Best Country to Do Business
Category: Business News
Nordic countries rank at the top of the European countries that are best to do business in. The European Chamber (EuCham) presents its annual report “Best European countries for Business 2017”. In this report, EuCham ranks the European countries based on their business environment considering both short and long-term elements. EuCham score measures the overall business […]
Source: TNP
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Norway’s Hydro in $3.2 billion deal for aluminum firm Sapa
Category: Chemicals / Metals
Norwegian metals firm Norsk Hydro has agreed to take full ownership of aluminum products maker Sapa by buying a 50 percent stake from conglomerate Orkla, the companies said on Monday. The transaction values Sapa at 27 billion Norwegian crowns ($3.24 billion) on a debt-free basis. Hydro predicted it would see annual synergies of 200 million […]
Source: Reuters
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GE closes Baker Hughes deal, becomes No. 2 oilfield service provider
Category: Energy
General Electric Co on Monday completed its buyout of Baker Hughes Inc, merging it with its own oil and gas equipment and services operations to create the world’s second-largest oilfield service provider by revenue. The new company, to be called “Baker Hughes, a GE company,” will begin trading on Wednesday on the New York Stock […]
Source: Reuters
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Unemployment Declines to Record Low Level in Norway
Category: Financial / Investment
Unemployement rate in Norway has fallen to 2.6 percent in June, shows new figures from Norwegian Labour and Welfare Administration (NAV). 71,500 people were registered as fully unemployed in June 2017. It is 9,500 fewer than in the same period of the previous year, according to NAV. – The positive trend we have seen in […]
Source: TNP.no
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