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Norway Sticks to Tightening Plan as Rate Held at Record Low

Business

Category: Accounting / Financial

Norway’s central bank kept its signal intact to start raising interest rates in the second half of this year, undeterred by a cooling economic recovery in western Europe’s biggest oil producer. In an interim decision on Thursday, Norges Bank, as anticipated, held its key rate at 0.5 percent. The bank reiterated its message from March that […]

Source: Bloomberg


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Norway plans to buy electric planes, mimicking green car success

Business

Category: Airline / Travel

Norway said on Thursday it wants to buy electric passenger planes in the coming years to help slow climate change, building on its success with big tax breaks that have made it the world leader in electric car sales. State firm Avinor, which runs 45 airports in Norway, said the commitment to battery-powered aircraft could […]

Source: Reuters


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Peterson Institute: Report on the Norwegian Economy

Business

Category: Accounting / Financial

Can a country save too much money? Many countries have squandered their natural resource endowments. The International Monetary Fund and the World Bank routinely hector developing economies to save and invest more of their revenues from resources such as oil and gold for the benefit of future generations after the resources run out. But, can […]

Source: Peterson Institute


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Google-skatt kan ramme norsk IT-næring

Business

Category: Government

Det er meningsløst å lokke til seg IT-gigantene med den ene hånden, og deretter kakke dem i hodet med uforutsigbare særskatter med den andre, skriver Kjetil Thorvik Brun i denne kommentaren. Miljøpartiet De Grønne har fremmet et forslag om å utrede egne skatteregler for IT-giganter som Google, Apple, Amazon og Facebook. Mange har kritisert selskapene […]

Source: Abelia


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WTO members say U.S. actions threaten trade body’s credibility

Business

Category: Government

Nearly 50 countries expressed concern on Tuesday about the “serious threat” to the World Trade Organisation posed by unilateral trade actions, a pointed reference to U.S. import tariffs that have caused a global outcry. Delivering concluding remarks after a two-day informal meeting of the WTO members in New Delhi, Indian Trade Minister Suresh Prabhu did […]

Source: Reuters


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