Norway

Norway sovereign fund loses $34 bln in third quarter

 

Norway's sovereign wealth fund saw a negative return of 2.2 percent in the third quarter, the country's central bank said yesterday, losing the equivalent of nearly $34 billion.

The Norway Government Pension Fund Global lost 374 billion kroner during the three-month period, with its value falling to the equivalent of $1.34 trillion at the end of September.

Norway’s black metal earns a place in halls of culture

Norway's black metal music first gained notoriety with murders and church burnings but has now earned its spot in the halls of culture with a new exhibit at Oslo's National Library.

"Bad Vibes" showcases a dark world of music that has a contemplative, almost intellectual side beneath its destructive exterior.

Norway’s leftwing opposition wins general election

Norway's left-wing opposition headed by Labour Party leader Jonas Gahr Store won Sept. 13's general election after a campaign dominated by questions about the future of the key oil industry in Western Europe's largest producer.

The left-wing unseated a center-right coalition headed by Conservative Prime Minister Erna Solberg since 2013.

Germany plans to allow Europe travel from June 15

Germany plans to lift a travel ban for European Union member states plus Britain, Iceland, Norway, Liechtenstein and Switzerland from 15 June provided coronavirus infection levels in those countries allow it to do so, government sources said.

A further condition is that the countries concerned open their borders to holidaymakers, the sources said.

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