https://feeds.thelocal.com/ Read the latest news and views from Norway in English en-us news@thelocal.com (TheLocal) webmaster@thelocal.com (TheLocal) TheLocal RSS Feed Norway will spend billions of dollars more than planned from its oil revenues to mitigate the impact of the pandemic, the government announced on Tuesday, as tough elections loom in September. https://www.thelocal.no/20210511/norway-taps-oil-wealth-to-cushion-covid-impact Tue, 11 May 2021 14:53:07 +0200 norway-taps-oil-wealth-to-cushion-covid-impact Norway's huge sovereign wealth fund, the world's biggest, lost 188 billion kroner (18 billion euros, $21 billion) in the first half of the year as the global economy reels from the Covid-19 pandemic, the central bank said Tuesday. https://www.thelocal.no/20200818/norway-oil-fund-loses-18-billion-euros-in-first-half-of-2020 Tue, 18 Aug 2020 17:48:12 +0200 norway-oil-fund-loses-18-billion-euros-in-first-half-of-2020 The leader of Norway's biggest private sector trade union has called for the scandal-hit incoming head of the country's 10tn kroner oil fund to resign before he even takes up his position. https://www.thelocal.no/20200422/norway-union-boss-calls-for-new-oil-fund-head-to-resign Wed, 22 Apr 2020 14:47:34 +0200 norway-union-boss-calls-for-new-oil-fund-head-to-resign Norway's sovereign wealth fund, the world's biggest, has lost 1.33 trillion kroner ($125 billion) since the start of 2020 as markets collapse under the COVID-19 pandemic, its management said Thursday. https://www.thelocal.no/20200326/norways-oil-fund-loses-13-trillion-kroner-in-coronavirus-crash Thu, 26 Mar 2020 17:40:05 +0100 norways-oil-fund-loses-13-trillion-kroner-in-coronavirus-crash The CEO of Norway's sovereign wealth fund, the world's biggest, stepped down on Wednesday, as the fund reported a return on investment of $25.6 billion for the third quarter. https://www.thelocal.no/20191030/head-of-norways-sovereign-wealth-fund-steps-down Wed, 30 Oct 2019 16:51:53 +0100 head-of-norways-sovereign-wealth-fund-steps-down Norway's sovereign wealth fund, the largest in the world, more than covered the losses its suffered last year with a record performance in the first three months of this year. https://www.thelocal.no/20190503/record-quarter-for-norwegian-wealth-fund Fri, 03 May 2019 18:40:33 +0200 record-quarter-for-norwegian-wealth-fund Norway's sovereign wealth fund, the world's biggest at more than $1 trillion, will soon be able to invest in unlisted renewable energy infrastructure projects, such as wind farms and solar parks, the government said on Friday. https://www.thelocal.no/20190406/norways-wealth-fund-to-double-green-energy-investment-cap Sat, 06 Apr 2019 14:03:49 +0200 norways-wealth-fund-to-double-green-energy-investment-cap Norway's sovereign wealth fund, the world's biggest thanks to petrodollars, will sell off stakes in oil and gas exploration and production companies to reduce its exposure to black gold, the government said on Friday. https://www.thelocal.no/20190309/norway-sovereign-wealth-fund-worlds-biggest-to-dump-oil-and-gas Sat, 09 Mar 2019 12:19:24 +0100 norway-sovereign-wealth-fund-worlds-biggest-to-dump-oil-and-gas Norway’s government pension fund has been advised to hold on to its near 320bn NOK ($40bn) stakes in oil and gas companies, angering politicians who support the international divestment campaign. https://www.thelocal.no/20180824/norway-oil-fund-told-to-ignore-divestment-call Fri, 24 Aug 2018 14:23:25 +0200 norway-oil-fund-told-to-ignore-divestment-call Norway's sovereign wealth fund, the world's biggest, posted a negative return of 171 billion kroner ($21.3 billion) in the first quarter, impacted by volatile global stock markets, Norway's central bank said on Friday. https://www.thelocal.no/20180427/worlds-biggest-sovereign-fund-loses-21-billion-in-first-quarter Fri, 27 Apr 2018 14:03:34 +0200 worlds-biggest-sovereign-fund-loses-21-billion-in-first-quarter Norway's $1 trillion sovereign wealth fund, the world's largest, has excluded nine groups, including the UK's military equipment maker BAE Systems, from its portfolio based on ethical grounds, the Norwegian central bank said on Tuesday. https://www.thelocal.no/20180117/norway-wealth-fund-bans-9-groups-including-bae-systems Wed, 17 Jan 2018 09:44:35 +0100 norway-wealth-fund-bans-9-groups-including-bae-systems Norway's sovereign wealth fund, the largest in the world worth more than $1 trillion, wants to be able to invest in companies that are not listed on the stock market, it said in a letter published on Wednesday. https://www.thelocal.no/20180111/norway-wealth-fund-wants-to-invest-in-unlisted-groups Thu, 11 Jan 2018 09:55:49 +0100 norway-wealth-fund-wants-to-invest-in-unlisted-groups Norway's sovereign wealth fund, the world's largest, has removed US arms giant Raytheon from its blacklist after it stopped manufacturing cluster weapons, Norway's central bank announced on Wednesday. https://www.thelocal.no/20170125/norway-wealth-fund-removes-us-arms-giant-from-blacklist Wed, 25 Jan 2017 13:39:53 +0100 norway-wealth-fund-removes-us-arms-giant-from-blacklist Norway's sovereign wealth fund, the world's largest, has barred 15 more companies linked to coal operations, most of them American and Asian, the Norwegian central bank said on Wednesday. https://www.thelocal.no/20161222/norway-fund-blacklists-more-coal-groups-over-climate-concerns Thu, 22 Dec 2016 09:22:37 +0100 norway-fund-blacklists-more-coal-groups-over-climate-concerns A cement company with a factory in Syria that has received 4.2 billion kroner from Norway’s massive oil fund is accused of giving money to the terror group Isis. https://www.thelocal.no/20161124/norways-oil-fund-invested-in-company-with-alleged-isis-ties Thu, 24 Nov 2016 14:08:01 +0100 norways-oil-fund-invested-in-company-with-alleged-isis-ties Norway plans to spend a record amount of its oil riches next year -- an election year -- to stimulate its economy hit hard by oil price weakness, a budget bill presented on Thursday showed. https://www.thelocal.no/20161006/norway-dips-deeper-into-oil-riches Thu, 06 Oct 2016 15:04:13 +0200 norway-dips-deeper-into-oil-riches Norway's sovereign wealth fund, the world's biggest, has placed US group Duke Energy and three subsidiaries on its blacklist for causing "unacceptable" environmental damage, Norway's central bank said on Wednesday. https://www.thelocal.no/20160907/norways-sovereign-fund-bars-us-duke-over-pollution Wed, 07 Sep 2016 16:32:06 +0200 norways-sovereign-fund-bars-us-duke-over-pollution Norway's sovereign wealth fund, the world's biggest, posted a positive return on Wednesday for the second quarter, despite market pressure from Britain's decision to leave the EU. https://www.thelocal.no/20160817/norways-oil-fund-fends-off-brexit-market-pressure Wed, 17 Aug 2016 16:00:46 +0200 norways-oil-fund-fends-off-brexit-market-pressure Norway’s sovereign wealth fund, the largest of its kind in the world, is earning good money off the Pokémon Go craze. https://www.thelocal.no/20160720/norways-oil-fund-making-a-killing-off-pokmon-go Wed, 20 Jul 2016 13:09:16 +0200 norways-oil-fund-making-a-killing-off-pokmon-go The rules governing Norway’s sovereign wealth fund kept it from jumping on board when Facebook asked it to invest in the social media giant ahead of its 2012 IPO. https://www.thelocal.no/20160530/norways-wealth-fund-passed-on-facebook-investment Mon, 30 May 2016 13:36:41 +0200 norways-wealth-fund-passed-on-facebook-investment