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Reuters (September 9)

2022/ 09/ 09 by jd in Global News

“Drastic Russian cuts to gas supplies to Europe this year have turned Norway into the European Union’s main source of the fuel.” Norway is now “forecast to deliver nearly 90 billion cubic metres of gas to the EU this year, or nearly 25% of the bloc’s demand…. That’s higher than the 20% Russia will likely provide.”

 

Financial Times (February 28)

2022/ 03/ 01 by jd in Global News

Norway’s $1.3 trillion sovereign wealth fund, the world’s largest, “is voting against Apple’s pay policies, including $99mn in salary and bonuses for chief executive Tim Cook, part of a growing shareholder backlash against remuneration at the tech giant.” The funds rationale includes the belief that “a substantial part of annual pay should be provided in shares that are locked in for five to 10 years.”

 

Nordic Business Insider (November 17)

2017/ 11/ 19 by jd in Global News

“Norway’s $1 trillion pension fund wants to ditch all oil and gas stocks.” The irony of the proposed move is that the Government Pension Fund of Norway has become the world’s largest sovereign wealth fund by investing Norway’s oil and gas revenue. The move is not being proposed as a bet against petroleum, but rather to mitigate risk through diversification. “The fund’s exposure to fossil fuel markets is currently double that of a standard global fund.”

 

The Economist (September 10)

2016/ 09/ 11 by jd in Global News

“New techniques mean that wood can now be used for much taller buildings,” potentially reducing the carbon footprint by nearly 75% compared with conventional steel and concrete structures. A 14-story wooden structure in Bergen, Norway will soon be unseated as the world’s tallest when an 18-story wooden dormitory goes up at the University of British Columbia in Canada in 2017. But UBC’s Brock Commons will soon be surpassed by a 21-story building in Amsterdam. “Some architects have even started designing wooden skyscrapers, like the proposed Tratoppen…a 40-floor residential tower on the drawing-board in Stockholm.”

 

New York Times (July 22)

2015/ 07/ 23 by jd in Global News

“Given the rapid changes in that region, the fishing ban hasn’t come too soon.” With the Arctic melt proceeding faster than many imagined, the U.S., Canada, Russia, Norway and Denmark have proactively “put a ‘No Fishing’ sign on the high seas portion of the central Arctic until full scientific studies have been conducted.”

 

Financial Times (May 29)

2014/ 05/ 30 by jd in Global News

Britain’s GDP is set to increase by £10 billion as the Office for National Statistics begins to include illegal drug sales and prostitution in its calculations. To move into alignment with EU standards many countries have already taken this step. Italy is also advancing plans to include “among other activities, the sale of cocaine and prostitution.” Estonia, Austria, Slovenia, Finland, Sweden and Norway have already added prostitution and illegal drugs to their GDP calculations.

 

Washington Post (March 6)

2014/ 03/ 06 by jd in Global News

Russia’s energy stranglehold around Europe, which imports about a third of its fuel from Russia, must be loosened. “In the long term, Europe and Ukraine should continue to make their energy markets more flexible. Ukraine should consider building an LNG import terminal on the Black Sea, and the country must clean up its notoriously corrupt energy production sector.” Abundant supply in the U.S., Norway, Qatar and Eastern Europe can also play a role in freeing Europe “from Gazprom’s grip.”

 

Institutional Investor (February Issue)

2013/ 02/ 26 by jd in Global News

“Talk of currency wars is once again in the air, making foreign exchange potentially a major component of investment returns.” Last year, “the dollar underperformed all major currencies except the yen.” In 2013, the Norwegian krone, Australian dollar and New Zealand dollar are likely to benefit if the dollar’s slide continues.

 

Wall Street Journal (August 15)

2012/ 08/ 17 by jd in Global News

Singapore is “the world’s richest country.” According to a report from Knight Frank and Citi Private Wealth, Singapore’s per capita GDP (purchasing power parity) of US$56,532 in 2010 “is the highest in the world, topping Norway (US$51, 226), the US (US$45, 511) and Hong Kong (US$45, 301).” According to a report from the Boston Consulting Group, Singapore also “has the highest percentage of millionaire households in the world.”

Singapore is “the world’s richest country.” According to a report from
Knight Frank and Citi Private Wealth, Singapore’s per capita GDP (purchasing power parity) of US$56,532 in 2010 “is the highest in the world, topping Norway (US$51, 226), the US (US$45, 511) and Hong Kong (US$45, 301).” According to a report from the Boston Consulting Group, Singapore also “has the highest percentage of millionaire households in the world.”

 

Guardian (July 26)

2010/ 07/ 27 by jd in Global News

“British, American and Norwegian engineers are in a race to design and build the holy grail of wind turbines.” They are competing to build massive 10MW offshore turbines “that could transform the global energy market.” Currently the largest turbines are in the 3MW range, but within 3 years the Guardian believes three different 10MW designs will be operational.

 

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