News

Norwegian Air subsidiary files Chapter 7 bankruptcy, lays off South Florida workers

Category: Airline / Travel

The U.S. affiliate of a large international airline filed for Chapter 7 bankruptcy Feb. 12. Fort Lauderdale-based Norwegian Air Resources US Inc. filed for bankruptcy in the U.S. Bankruptcy Court for the Southern District of Florida, according to court filings. The filing is part of a larger reorganization strategy from parent company Norwegian Air Shuttle, […]

Source: Bizjournals

Norway Sees Dramatic Drop in Interest for Arctic Oil Exploration

Category: Business News

Interest in oil exploration in the Norwegian Arctic has dropped dramatically following years of disappointing drilling results. Only seven oil companies applied for new acreage in the Barents Sea in the latest licensing round, down from 26 in a similar round in 2013. The continued decline will be a blow to the government, which had […]

Source: Bloomberg

Rescission of Presidential Proclamation 10014

Category: Business News

Presidential Proclamation (P.P.) 10014, entitled “Suspension of Entry of Immigrants Who Present a Risk to the United States Labor Market During the Economic Recovery Following the 2019 Novel Coronavirus Outbreak,” was rescinded on February 24, 2021. Read full article

Source: US Department of State

Economic perspectives by Øystein Olsen, Governor, Norges Bank

Category: Accounting / Financial

Annual address by Governor Øystein Olsen to the Supervisory Council of Norges Bank on Thursday, 18 February 2021. One year ago, I stood here and delivered the annual address to 300 guests. This year is different. This evening there are no guests physically present at the central bank. The contrast with last year could hardly […]

Source: Norges Bank

AmCham Mentorship Program: Season Finale & Starting Anew!

Category: AmCham News

“The capability to rapidly change strategy” has been crucial for Benedikte Sørensen’s team during the pandemic. As Regional Sales Director at Radisson Hotel Group, Benedikte has responsibility for 16 hotels across the country. Hard booking data are what she and her team thrive upon these days, preferring to leave virtual teambuilding “fun stuff” exercises for later.

Joined by fellow Mentorship Program participants, representing a record 24 participating AmCham Patron member companies, Benedikte was the first leader to candidly present during the recent program finale.

Source: AmCham

Published: March 2, 2021