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Norway

King Harald V and Queen Sonja of Norway Celebrate Their 75th Birthdays

Norway Withdraws More On Oil Fund; Lowers Price

For the first time need to withdraw cash sovereign wealth fund as western Europe's bigget oil exporter.

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Tungenes lighthouse, Randaberg

Norwegian's Global Lavbeta II Fund Cuts Volatility With Low Beta Stocks

Oslo-based pension and insurance provider KLP beat benchmark in 5 of 7 years. The portfolio strategy to bet on stocks with low volatility is proven to be successful.

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BRITAIN-SWITZERLAND-ENERGY-GAS-ENVIRONMENT-FRACKING-BUSINESS

Ineos Started Shipping US Shale Gas to Europe

Shale gas from U.S. has begun shipment to Europe. The world-largest LNG carrier Ineos Intrepid has bound for Norway carrying 27,500 m3 of liquified ethane gas.

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Con Zymaris, owner of IT consultancy Cyberscource and long time user of the Oper

Opera Software ASA Receives Acquisition Offer of $1.2 Billion From Chinese Internet Companies

Opera Software, widely known for browsers, has been offered $1.2 billion to sell its 100% stake to a Chinese consortium. The buyers are awaiting a nod from the shareholders who are almost sold on the tempting offer that reflects a win-win situation for both parties.

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US-ECONOMY-CONSUMER-DRONE EXPO

Norwegian's Megakopter Drone Set World Record of Lifting Heavy Cargo

A group of students in University of Oslo set a Guinness World Record by lifting a 134.5 pounds (61 kg) payloads with drone. The drone is a multi copter drone made of eight drones chained together.

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Statoil

Corvus Energy Succeeds, Where U.S. Energy Startups Failed

Corvus Energy, Canadian lithium-ion battery company has successfully made it to top three in Deloitte Technology Fast 500 ranking. Recently, Statoil, Norwegian largest offshore oil and gas company also invest in Corvus battery technology.

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World flags

The new accurate way to measure the world’s wealthiest countries

New World Wealth (NWW), a South Africa-based market research consultancy, released the lists of wealthiest countries, ranked by using its own new method.

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Norway

Second interest rate cut for Norway

Falling oil price is taking its toll in Norway as the country central bank cuts interest rate again for the second times this year and the third time in 10 months. Oeystein Olsen, Norway's Central Bank governor announced the rate cut on Thursday citing that slow economic growth as the main reason.

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Recycling

Europe is far behind in its electronic waste recycling target

A study conducted by Interpol and the United Nations said that only 33% of Europe's electronic wastes is correctly recycled. A large number of these electronic wastes include computers, cellphones and televisions that are dumped or traded illegally.

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Norway

Global sluggishness erodes $9B in Norway's pension fund

Adverse conditions in the global markets took a toll on Norway's Pension Fund, the world's largest sovereign fund, in the second quarter.

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Bill Gates

Gates, UK take lead in $7.5 billion pledge for children's vaccines

International donors pledged $7.5 billion on Tuesday to immunize 300 million children in poor countries against deadly diseases such as diarrhea and pneumonia.

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Royal Dutch Shell

Shell sells parts of Norwegian downstream business to Finland's ST1

Oil major Shell (RDSa.L) said on Thursday it had sold parts of its Norwegian downstream business to Finnish fuel firm ST1 for an undisclosed sum, further divesting parts of its downstream activities.

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Lt General Chris Bogdan

Italy, Turkey to service F-35 jet, engine in Europe: Pentagon

The Pentagon on Thursday said Italy and Turkey would provide initial heavy maintenance of Lockheed Martin Corp's new F-35 fighter jet and its engine in Europe from 2018, paving the way for billions of dollars in work by companies there.

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Total SA

Tanzania talks with Total, BP on hydrocarbon exploration

Tanzania has held talks with France's Total (TOTF.PA) and Britain's BP (BP.L) over oil and gas exploration, its energy ministry said on Saturday, aiming to add to major companies active in its thriving energy sector.

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Hofseth Biocare

Morpol founder picks up 12.9pct stake in Norwegian biomarine firm Hofseth for NOK45M

Jerzy Malek, the founder of salmon processor Morpol, picked up a 12.9% stake in Alesund, Norway-based biomarine firm Hofseth Biocare in a private placement valued at NOK45 million.

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