Norway Financial News

Subscribe to enjoy similar stories.The polar regions fascinated Daniel Liss ever since he was a child.He would study maps and globes, picturing the people and animals who call the coldest reaches of the Earth home. As an adult, he crisscrossed the Alaskan frontier, lived in Sweden, and visited the Norwegian island town of Longyearbyen, one of the world’s northernmost settlements.In December, he crossed a big item off his bucket list, sailing on an Antarctic cruise with Oceanwide Expeditions.

Subscribe to enjoy similar stories.Late in 2018, when Angad Soni was preparing to launch Sepoy & Co., his botanical mixers startup, he was sure of two things: one, he had to get the formulation of his first product, tonic water, right. Two, the bottle in which it would be sold had to stand out.The target audience was consumers of premium gins who had likely sampled high-quality tonics on trips abroad, but had to settle for mass-market brands in India sold in plastic bottles, or in cans, such as Schweppes.

Subscribe to enjoy similar stories.A jet fuel shortage is leading airlines to cut flights, and could cause a severe slowdown in travel this summer—particularly in Europe.German carrier Lufthansa said this week it is canceling 20,000 flights from now through October, immediately reducing its flight schedule by 120 trips a day. Reductions are happening all over, including at the company’s hubs in Frankfurt, Munich, Zurich, Vienna, Brussels, and Rome.More than a dozen other airlines have also reduced capacity, including discount Norwegian airline Norse Atlantic, which cut flights from Los Angeles. American carriers are not in danger of running out of fuel, but U.S.

Subscribe to enjoy similar stories.NEW DELHI: Orkla India, the listed maker of MTR foods and Eastern spices, is gearing up for its next phase of growth with a cash-rich balance sheet to fund acquisitions, even as it pivots towards convenience foods and digital channels—moves that could stretch its traditional operating model.“We are a cash-generating company. We generate anything between ₹300-400 crore annually… money is not a constraint," Sanjay Sharma, managing director and chief executive officer at Orkla India, said in an interview with Mint.The debt-free company is evaluating partnerships and buyouts of regional brands as it looks to expand beyond its southern stronghold.The push comes as Orkla works to stabilize performance after its listing in November last year, part of its parent’s strategy to create independent portfolio companies and drive local value creation.

, traders say, can be chalked up to WTI’s location, far from where the oil is needed in Asia. Its lower price also reflects the higher shipping costs required to get it to Asian buyers, as well as angst that the U.S.

Where to watch: HBO Max or Amazon Prime VideoOne thing to know: Michael B. Jordan has appeared in all of director Ryan Coogler’s features, but in this saga of a Mississippi juke joint beset by vampires Jordan plays two characters: twins Smoke and Stack.Insider info: Miles Caton sung alongside the musician H.E.R.

KKR plans to own multiple independent platforms for renewable energy assets in India, a key market for the global private equity giant, where it is betting on infrastructure and financial services to consumer technology.KKR is vying for larger assets, such as Sprng Energy and Gentari, directly through its Asia fund, rather than via its renewable energy platform, Serentica. "The idea is to have multiple energy platforms in the country," said a person with knowledge of the firm's strategy.“The assets are large, and Serentica does not have the debt gearing or equity to finance those deals.

IPO-bound Singapore’s Sembcorp Industries Ltd’s Indian renewable energy business and Hexa Climate Solutions are vying to acquire the entire India renewable business of Italy’s Enel Group in a deal having an equity and enterprise value of around $100 million and $300 million, respectively, according to two people aware of the development. Sembcorp is present in India throughSembcorp India Private Limited and Sembcorp Green Infra Ltd (SGIL) along with other subsidiaries., while Hexa is backed by I Squared Capital.The HSBC-run sale process follows a deal signed last year—which later fell through—under which Waaree Energies Ltd had agreed to buy 100% of Enel Green Power India Pvt Ltd (EGP India) from its parent Enel Green Power Development S.R.L.

Subscribe to enjoy similar stories. When Sutirtha Chakraborty and Jayita Chatterjee moved to Norway in 2017, the decision wasn’t driven by money, it was driven by time. A senior doctor in India, Chakraborty was offered a role at a government hospital in Norway.

Subscribe to enjoy similar stories. DAVOS, Switzerland—The West avoided an open rupture this week. But, instead of celebrating, European leaders are bracing for more serious shocks to the trans-Atlantic relationship in the months ahead.

Subscribe to enjoy similar stories. US President Donald Trump’s speech at Davos was meant to be a bellwether for the trans-Atlantic relationship, particularly Nato, with his handling of Greenland closely watched. After the speech, it appears Nato has survived, but barely.

Subscribe to enjoy similar stories. India is planning a second national gene bank for crops in Keylong, Himachal Pradesh, as insurance against climate change, natural disasters and future food risks. The new facility will back up India’s vast plant genetic wealth and complement the country’s existing gene bank in New Delhi.

Subscribe to enjoy similar stories. President Trump questioned the legitimacy of Denmark’s claims to Greenland over the weekend while amping up rhetoric for his plans for the U.S. to acquire the Danish-held region.

Subscribe to enjoy similar stories. BRUSSELS—President Trump told Norway that he no longer needed to think “purely of peace" after being snubbed for the Nobel Peace Prize, as European leaders scrambled to talk him out of a damaging trans-Atlantic trade war. So far, the European Union and the U.K.

Subscribe to enjoy similar stories. BRUSSELS—President Trump told Norway that he no longer needed to think “purely of peace" after being snubbed for the Nobel Peace Prize, as European leaders scrambled to talk him out of a damaging trans-Atlantic trade war. So far, the European Union and the U.K.

Subscribe to enjoy similar stories. The Cold War satirical novel The Mouse That Roared imagined a tiny European statelet declaring war on the US in the hope of being lavished with American aid after its inevitable defeat. It’s a title that came to mind when European nations sent three dozen soldiers to Greenland in response to US President Donald Trump’s threats to wrest the island from Danish control.

Subscribe to enjoy similar stories. Precious metals climbed Monday after President Trump threatened 10% tariffs on imports from eight European countries starting February. “Trump’s latest tariff announcement has escalated trade tensions into an entirely new dimension—one driven less by economic logic and more by political motive," two members of ING’s economic and financial analysis division said in a research note.

Subscribe to enjoy similar stories. IT WAS hardly the first time since Donald Trump’s inauguration last year that Europeans have been outraged by America. But the anger at the weekend, after America’s president threatened to impose a 10% tariff rate on eight European countries that had dared to send a few troops to Greenland, felt more determined than before.

Subscribe to enjoy similar stories. Iran signaled Wednesday it was preparing to conduct swift trials and the execution of antigovernment protesters, defying a warning from President Trump as it intensifies a crackdown on nationwide demonstrations. Iran’s judiciary chief, Gholamhossein Mohseni-Ejei, said that the courts should act quickly against protesters.

₹2,000-crore technology upgradation scheme for small businesses in the 2026-27 budget, aimed at boosting the adoption of energy-efficient machinery, two people aware of the development said.The technology upgradation scheme, proposed by the Union ministry of micro, small, and medium enterprises (MSME), and currently under discussion, will cover MSMEs with annual turnover of less than ₹50 crore, offering them a 20% capital subsidy for purchase of energy-efficient machinery, smart manufacturing, and automation upgrades, said the first of the two persons cited earlier, both of whom spoke on the condition of anonymity.A micro enterprise has an annual turnover of up to ₹5 crore, a small enterprise up to ₹50 crore, and a medium enterprise up to ₹500 crore.The plan comes amid several countries introducing their own carbon taxes on imports from nations with weaker climate regulations. The European Union’s Carbon Border Adjustment Mechanism (CBAM) comes into effect from 1 January.

Subscribe to enjoy similar stories. “María!" A man’s voice cut through the rain pelting the pitch-black Caribbean Sea, just audible between two boats tossed around by 10-foot waves. People on the smaller vessel, a simple fishing skiff, held up cellphones like emergency flares in the night.