NEWS

First Travel Summit for NACC Los Angeles

Category: Airline / Travel

The Norwegian American Chamber of Commerce Los Angeles hosted its first Travel Summit earlier this week, which was a big success. The program consisted of an opening performance from NACC LA member and classical guitarist Christina Sandsengen followed by a panel discussion representing sea, land and air travel: Eric Bacon from Hurtigruten, Audun Poulsen from Marriott […]

Source: NACC - Los Angeles Chapter

Forbes: Electric Cars: Why Little Norway Leads The World In EV Usage

Category: Automobile / Transport

Almost 60% of new cars sold in Norway during March 2019 were entirely electric-powered. It’s the latest record-breaking statistic involving Norway and electric vehicle (EV) records as the Scandinavian nation looks to stop sales of fossil fueled cars by 2025. The numbers could be even higher, but thousands of Norwegians find themselves on long waiting […]

Source: Forbes

Reuters: Exxon Mobil seeks bids for Norwegian offshore assets

Category: Business News

OSLO (Reuters) – Exxon Mobil is considering selling all of the stakes it holds in oil and gas fields off the Norwegian coast, a spokeswoman said. Two years ago the U.S. major – the world’s largest oil company – sold its operated assets in the area. But it has retained stakes in more than 20 […]

Source: Reuters

Wired: How Oslo’s best startups are building the future of the Norwegian economy

Category: Business News

Norway is one of the world’s richest nations – mostly thanks to the discovery of oil deposits in the North Sea half a century ago. Easy access to capital, coupled with a desire to move the economy beyond fossil fuels, has created fertile ground for startups. The capital, Oslo, is Norway’s main startup hub, attracting […]

Source: Wired

Published: June 12, 2019

Reuters: Alone among peers, Norway raises rates, eyes two more hikes

Category: Business News

OSLO (Reuters) – Norway’s central bank raised its main interest rate on Thursday, as expected, and said it may hike again in September and in the first half of 2020 as domestic strength trumps a global economic slowdown, strengthening the crown currency. The bank raised its key policy rate to 1.25% from 1.0%, in line […]

Source: Reuters

Published: July 17, 2024