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Reuters: Hedge fund manager to lead Norway sovereign fund after $124 billion loss
Category: Business News
OSLO (Reuters) – Norway’s sovereign wealth fund, the world’s largest, named a London-based hedge fund manager as its new chief executive on Thursday and said it had lost $124 billion (104 billion pounds) this year as stock markets tanked due to the coronavirus pandemic. Norwegian-born Nicolai Tangen, until now chief executive of AKO Capital, which […]
Source: Reuters
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Press Release: Biogen Foundation Commits $10 Million to Support COVID-19 Relief Efforts in the US and Around The World
Category: Business News
CAMBRIDGE, Mass., March 16, 2020 (GLOBE NEWSWIRE) — Biogen Inc. (Nasdaq: BIIB) today announced that the Biogen Foundation has committed $10 million to support global response efforts and communities around the world impacted by the COVID-19 pandemic. The funds will be used to address immediate critical needs, with the majority of donations going to support non-profit […]
Source: Biogen
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Market Watch: Ford partners with GE, 3M to build ventilators, COVID-19 protective equipment
Category: Business News
A car maker, industrial conglomerate and Post-it Notes maker said Tuesday they are working together to help ease the COVID-19 national emergency, as they look to boost production of equipment to help prevent the spread of the novel coronavirus. “This is such a critical time for America and the world. It is time for action […]
Source: Market Watch
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Bloomberg: After 350% Jobless Jump, Norway Unemployment Is Worst Since WWII
Category: Business News
Norway’s unemployment rate shot up to the highest level since World War II, as the economic shutdown brought on by the coronavirus sends the richest Nordic economy into shock. The number of Norwegians seeking unemployment benefits rose almost 350% in the past two weeks, after companies temporarily laid off tens of thousands of workers to cope with the loss […]
Source: Bloomberg
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CNBC: Amazon AWS launches $20 million initiative to help fight the coronavirus
Category: Business News
Amazon AWS announced Friday it’s setting aside an initial $20 million to help accelerate research and development of diagnostic solutions. That includes, but won’t be limited to, helping push forward a more accurate, faster coronavirus COVID-19 test. “One area where we have heard an urgent need is in the research and development of diagnostics, which consist of rapid, […]
Source: CNBC
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