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Norway Wealth Fund Should Invest in Fewer Companies, Government Says
Category: Business News
Norway’s $1.3 trillion wealth fund, the world’s largest, should reduce the size of its global company reference index by between 25% and 30% to better follow up companies, primarily by removing small-cap stocks, the finance ministry proposed on Friday. The move reflects the growing awareness among international investors about risk in the environmental, social and […]
Source: Reuters
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Intensifying Negotiations on Transatlantic Data Privacy Flows
Category: Business News
On March 25, 2021, EU Commissioner for Justice, Didier Reynders, and U.S. Secretary of Commerce, Gina Raimondo, made the following statement regarding the negotiations on transatlantic data privacy flows: “The U.S. Government and the European Commission have decided to intensify negotiations on an enhanced EU-U.S. Privacy Shield framework to comply with the July 16, 2020 judgment of […]
Source: The European Commission
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Katherine Tai Confirmed as U.S. Trade Rep in 98-0 Senate Vote
Category: Business News
Katherine Tai easily won Senate confirmation as U.S. Trade Representative, putting the former congressional staffer at the center of thorny decisions on enforcement and tariffs that President Joe Biden inherited from Donald Trump. The Senate approved Tai, the first woman of color to serve in the job, in a 98-0 vote on Wednesday. She joins […]
Source: Bloomberg
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Regjeringen oppretter ny eksportaktør
Category: Business News
Regjeringen vil opprette en ny eksportenhet, som skal forvalte 75 millioner kroner og sikre medvirkning og medfinansiering fra næringslivet. – Eksport og handel på tvers av landegrenser er helt avgjørende for verdiskapingen i Norge. Derfor oppretter vi nå en ny eksportaktør som skal koble bedriftene og virkemiddelapparatet sammen med markedsmulighetene i verden, sier næringsminister Iselin […]
Source: NTB
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New US Work Visa Restrictions Impact Schengen Area Executives
Category: Business News
On March 2, 2021, the Secretary of State rescinded the previous national interest determination regarding categories of travelers eligible for exceptions under Presidential Proclamation (PP) 10143 as related to the Schengen Area, United Kingdom, and Ireland. The previous national interest determination covered certain technical experts and specialists, senior-level managers and executives, treaty-traders and investors, professional […]
Source: US Department of State
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