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Energy Minister: Losing Lofoten Would Imperil Norway’s Arctic Push
Category: Energy
Backing down on drilling off Norway’s Lofoten islands could also threaten the search for 16 billion barrels of oil and gas that lies beneath the Barents Sea, the country’s energy minister said. The warning comes amid increasing signs that Labor, the nation’s biggest party and a long-time friend to the oil industry, is starting to […]
Source: Bloomberg
Published: July 16, 2024
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Some of Norway’s Largest Companies Joining Forces to Establish National AI Lab
Category: Technology
Some of Norway’s largest companies are joining forces in establishing a national powerhouse for artificial intelligence. Its aim is to improve the quality and capacity for research, education and innovation in the field. Norway has a huge potential to be a pioneer in Artificial Intelligence (AI), but it needs resources and collaboration in order not […]
Source: DNV GL
Published: July 16, 2024
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Norway to Tamp Down on Oil Spending After Wealth Fund Deposits
Category: Financial / Investment
Norwegian Prime Minister Erna Solberg is ready to start reining in oil spending after the government began putting money back into the sovereign wealth fund again. The Norwegian government in June made its first deposit into its wealth fund since the end of 2015. Now that the economy is in full recovery and the labor […]
Source: Bloomberg
Published: July 16, 2024
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Swedish Economy Set to Slow in 2019 as Norway Takes Lead
Category: Financial / Investment
Sweden’s economic prospects have dimmed in recent months and the country will likely be surpassed by Norway as the fastest-growing Scandinavian economy in 2019, a Reuters poll found on Tuesday. It would be the first time in more than half a decade Sweden failed to top the region’s growth league, although it was still set […]
Source: Reuters
Published: July 16, 2024
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Norway Keeps Rates Unchanged on Path to Tightening Next Month
Category: Financial / Investment
Norway’s central bank kept its key interest rates unchanged, setting policy makers up for the first tightening in seven years next month. The bank on Thursday held its benchmark at a record low of 0.5 percent, as anticipated by all analysts surveyed by Bloomberg. “The outlook and the balance of risks do not appear to […]
Source: Bloomberg
Published: July 16, 2024
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