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Deep-sea mining in the Arctic Ocean gets the green light from Norwegian lawmakers
Category: Business News
Norway’s minority center-left government and two large opposition parties made a deal Tuesday to open the Arctic Ocean to seabed mineral exploration despite warnings by environmental groups that it would threaten the biodiversity of the vulnerable ecosystems in the area. Norway said in June it wanted to open parts of the Norwegian continental shelf for […]
Source: AP News
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November 2023 US Tech Policy Roundup
Category: Business News
November saw another slew of tech policy developments in the US. Artificial intelligence (AI), in particular, dominated the headlines: After President Biden signed a historic executive order on AI in late October, the Office of Management and Budget (OMB) started the month by releasing draft guidance to help federal agencies implement new governance structures and advance AI […]
Source: Tech Policy Press
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Norway to provide NOK 270 million to new climate fund
Category: Business News
Norwegian Prime Minister Jonas Gahr Støre announced at the UN climate summit (COP28) in Dubai that Norway will provide NOK 270 million to the new fund for loss and damage associated with climate change (Loss and Damage Fund). The decision to establish the fund was agreed on at COP27 in Sharm el-Sheikh last year. Over […]
Source: Regjeringen
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Norway sovereign wealth fund to co-lead class action in SVB bankruptcy
Category: Business News
OSLO (Reuters) – Norway’s $1.5 trillion sovereign wealth fund, the world’s largest, said on Friday it has been appointed by a U.S. court to co-lead an ongoing U.S. securities class action relating to the now-bankrupt Silicon Valley Bank (SVB). SVB’s collapse in March was the trigger for the worst banking shock since the 2008 global […]
Source: Reuters
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Norway’s Economic Contribution to the U.S.A.
Category: Business News
In the 20th century, businesses, inspired by the success stories of Norwegians in the U.S. and the growing global influence of America, began looking westward. Companies from both countries started collaborating, resulting in a surge of investments, joint ventures, and shared successes. In today’s complex geopolitical arena, the U.S. and Norway have fostered a strong […]
Source: Regjeringen.no
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