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Norway keeps rates on hold, remains on track for June hike
Category: Business News
OSLO, May 5 (Reuters) – Norway’s central bank kept interest rates on hold on Thursday as widely expected and restated its plan to raise the cost of borrowing in June amid rapidly rising inflation. Norges Bank’s monetary policy committee unanimously agreed to keep the rate steady at 0.75%, as predicted by a Reuters poll of […]
Source: Reuters
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Norse Atlantic Airways launches ticket sales between Norway and the United States
Category: Airline / Travel
Norse Atlantic Airways has opened ticket sales for flights between Norway and the United States with the full launch of www.flynorse.com. This marks a milestone for the company and heralds a new era for consumers seeking good value, choice and friendly service when choosing to travel across the Atlantic. Fares will start from an unprecedented […]
Source: Norse Atlantic Airways
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Privacy Shield 2.0: More Than “Lipstick on a Pig”
Category: Business News
The US and EU have announced a new privacy accord to guarantee transatlantic data flows. With political will and judicial common sense, it can succeed. A new Data Privacy Review Court should provide sufficient “democratic controls” over US government access to Europeans’ data. Privacy activist Max Schrems successfully convinced the European Court of Justice that […]
Source: CEPA
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Norway Faces Pressure to Curb Power Exports as Prices Surge
Category: Business News
(Bloomberg) — The Norwegian government is facing increasing calls to curb electricity exports to the continent as power prices jump at home. The uncertainty over coal and gas supplies from Russia has sent power prices soaring across Europe, which is making the cheap Norwegian hydro electricity even more attractive. Exports outside the Nordic market are […]
Source: Bloomberg
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Graft: US chairman of Norwegian player a ‘suspect’ in ongoing probe, as DoJ begins separate inquiry
Category: Business News
Another top executive at Oslo-listed PetroNor E&P has been caught up in a graft investigation being carried out by the Norwegian authorities, while the US Department of Justice has now also started it own probe. In December 2021, chief executive Knut Sovold and another unnamed individual were detained by Okokrim, Norway’s National Authority for the […]
Source: UpStream
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