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Norway’s Labor Market Strengthening to Leave Oil Crash Behind
Category: Energy
Norway is getting back to work as it leaves the oil crash behind. Registered unemployment, one of the key indicators for the central bank, has fallen a percentage point from a Jan. 2016 high to end the year at 2.4 percent, levels that haven’t been seen for five years. Stoked by higher economic optimism, the labor […]
Source: Bloomberg
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Harvey’s Impact On The Energy Market Will Be Substantial
Category: Energy
The tropical storm formerly known as Hurricane Harvey continues to dump copious amounts of rain on the Houston area. As a former Houston resident who lived there during the massive flooding from Tropical Storm Allison, I don’t think the city has ever seen anything like what it’s currently experiencing. Houston is the central hub for […]
Source: Forbes
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Relocation: Diversity as an Asset
Category: Culture / Lifestyle
‘We work constantly with diversity – we are a ‘people’ company. In order to work more effectively with our customers, we mirror the diversity of our clients’ global workforce. Not only in terms of our foreign employees but also with regards to our Norwegian employees.’ says Gaute Sømme, CEO of Relocation AS. Gaute believes that […]
Source: Stavanger Chamber of Commerce
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Scandinavians Take Drastic Steps to Get Into Booming Housing Market
Category: Culture / Lifestyle
Joakim Bakka, a 29-year-old shop worker, was so desperate to get into Norway’s booming housing market that he was prepared to borrow money at 13 percent for a deposit to buy a home. It would have been risky but he felt he had no choice. Bakka, from the Norwegian city of Drammen, is not alone […]
Source: NY Times
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Trump’s Win Won’t Change Norway Wealth Fund’s U.S. Investments
Category: Business News
Norway’s $869-billion sovereign wealth fund, the world’s biggest, will not change its U.S. investment strategy following the election of Donald Trump as president, the head of Norway’s central bank, which manages the fund, told Reuters on Wednesday. “No, we don’t make that sort of connection. The oil fund is a long-term investor. Our perspective goes […]
Source: Reuters
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