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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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Norway’s Norse Atlantic To Launch From 4 U.S. Airports, Fares From $129
Category: Airline / Travel
Norway-based startup airline Norse Atlantic Airways has announced the long-awaited details of its first routes. The latest airline to attempt to find a sustainable business model in low-cost transatlantic air travel will take to the skies in mid-June. Ticket sales have begun with one-way promotional fares starting from as low as $129. Read full article.
Source: Forbes
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AmChams in Europe Meets in Washington, DC and Raleigh, NC
Category: Business News
An executive delegation of AmChams in Europe representatives is attending the annual 2022 US Conference between May 9-13. Executives and other AmCham representatives from more than 30 countries have assembled in a delegation to the U.S. capital, Washington D.C., and Raleigh, North Carolina. The international delegation is visiting Washington, D.C. to discuss policy with leading representatives of the […]
Source: AmChams in Europe
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ConocoPhillips plans $1.1 billion investments as Norway oil sector heats up
Category: Business News
SANDEFJORD, Norway, May 9 (Reuters) – ConocoPhillips (COP.N) submitted on Monday a plan to develop an oil discovery in the Norwegian North Sea for 10.5 billion Norwegian crowns, the first of an expected rush of new petroleum projects to be launched in Norway this year. Read full article.
Source: Reuters
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OTC 2022: Department of Energy to boost investment in U.S. offshore wind development
Category: Business News
HOUSTON (WO) — The offshore wind sector has made huge strides over the last year, putting the industry on track to achieve President Joe Biden’s goal of reaching 30 gigawatts of offshore wind generation by 2030. To ensure its success, the U.S. Department of Energy (DOE) is allocating funds and programs to the development of […]
Source: World Oil
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