NEWS

Katherine Tai Confirmed as U.S. Trade Rep in 98-0 Senate Vote

Category: Business News

Katherine Tai easily won Senate confirmation as U.S. Trade Representative, putting the former congressional staffer at the center of thorny decisions on enforcement and tariffs that President Joe Biden inherited from Donald Trump. The Senate approved Tai, the first woman of color to serve in the job, in a 98-0 vote on Wednesday. She joins […]

Source: Bloomberg

Regjeringen oppretter ny eksportaktør

Category: Business News

Regjeringen vil opprette en ny eksportenhet, som skal forvalte 75 millioner kroner og sikre medvirkning og medfinansiering fra næringslivet.  – Eksport og handel på tvers av landegrenser er helt avgjørende for verdiskapingen i Norge. Derfor oppretter vi nå en ny eksportaktør som skal koble bedriftene og virkemiddelapparatet sammen med markedsmulighetene i verden, sier næringsminister Iselin […]

Source: NTB

Norges Bank Proves Its Hawk Status as Rate Hike Moves Closer

Category: Accounting / Financial

Norway’s central bank brought forward the timing of what will probably be the rich world’s first cycle of interest rate hikes since the pandemic broke out. The Oslo-based bank, which kept its main rate unchanged at zero on Thursday, as predicted, said it now expects to start raising its benchmark deposit rate in the “latter […]

Source: Bloomberg

Norway Consumer Group Calls for Grindr to be Made to Delete Any Illegal Data

Category: Business News

Norway’s influential Consumer Council called on Wednesday for the country’s data protection watchdog to order Grindr to identify and erase any personal data gathered illegally. Datatilsynet, Norway’s Data Protection Authority, said in January it planned to fine the LGBTQ+ dating app 100 million Norwegian crowns ($11.8 million) for allegedly illegally disclosing user data to advertising […]

Source: Reuters

POLL-Norway central bank rates seen on hold next week, hike draws nearer

Category: Business News

Norway’s central bank is expected to leave its key interest rate unchanged next week at a record low 0.0%, but it may warn of a steeper rise ahead than previously forecast, amid signs of economic recovery, a Reuters poll of economists showed on Thursday.

The 24 participants in the poll were unanimous in predicting no change in the policy rate when the outcome is announced on March 18, in line with the central bank’s own view.

Source: Reuters