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Norway’s sovereign fund eyes long-term profit from market turmoil
Category: Accounting / Financial
OSLO, June 21 (Reuters) – The recent turmoil in global financial markets represents an opportunity for Norway’s $1.2 trillion sovereign wealth fund, to profit from it much like it did during the 2008-2009 financial crisis, its deputy chief said on Tuesday. As the world’s largest fund of its kind it owns 1.3% of all globally […]
Source: Reuters
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Ambassador Marc Nathanson Presents His Credentials to HM King Harald
Category: Business News
At a formal audience with His Majesty King Harald V on June 16, Marc Nathanson presented his credentials to be Ambassador Extraordinary and Plenipotentiary of the United States of America to the Kingdom of Norway. Ambassador Nathanson was nominated by President Joe Biden on November 4, 2021. He was confirmed by the Senate on May […]
Source: U.S. Embassy in Norway
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CDC will no longer require air passengers traveling from a foreign country to the United States to show a negative COVID-19 viral test or documentation of recovery from COVID-19
Category: Airline / Travel
As of June 12, 2022, the CDC will no longer require air travelers to show a negative COVID-19 test result, or documentation of recovery from COVID-19, prior to boarding a flight to the United States. CDC’s Order requiring proof of vaccination for non-US citizen nonimmigrants to travel to the United States is still in effect. […]
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Norway Raises Wealth Tax, Scraps EV Sales Tax Exemption
Category: Business News
Norway’s coalition government is raising the wealth tax and cutting a sales tax exemption on electric vehicles as it seeks to stem spending from its wealth fund and prevent the economy from overheating. The government proposes raising the wealth tax rate for joint stock companies, mutual funds and banks to 0.25% from 0.15% from the […]
Source: Bloomberg
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How Oslo Learned to Fight Climate Change
Category: Business News
In September of 2019, roughly a dozen workers in Oslo, Norway, broke ground on the world’s first zero-emission construction site. They were widening a busy street into a pedestrian zone, using powerful machinery to break and lift slabs of asphalt. But the equipment was so quiet that nearby cafés and restaurants kept their front doors […]
Source: The New Yorker
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