Norway Financial News

₹1,450 in September. They also revised the revenue estimates for financial year 2024 from ₹25,321 crore to ₹28,475 crore.

By Richa Naidu and David Randall

Following Visa and Mastercard's termination of partnerships with Binance a couple of months ago, the world's largest cryptocurrency trading platform is now ceasing service of its Visa debit card in the European Economic Area (EEA).

Binance Visa debit card services will close down in the European Economic Area (EEA) on December 20, according to an announcement by the cryptocurrency exchange on Oct. 20. Binance accounts will be unaffected.

Gale-force winds and floods have struck several countries in Northern Europe as the region braces for more heavy rain

Bitpanda, the largest European cryptocurrency exchange, has announced that it has secured a license to offer virtual asset services (VASP) in Norway, expanding its regulatory approvals.

One of the largest European crypto exchanges, a Vienna-based BitPanda, became one of the first foreign entities to receive a virtual assert service provider license in Norway. The announcement came on the company’s official X (former Twitter) account on Oct. 19. 

Climate activist Greta Thunberg has been charged with a public order offense after being arrested at a demonstration against an oil industry conference in London

Sips bar has secured the top spot in the 2023 edition of the World's 50 Best Bars, a prestigious ranking organized by William Reed Business Media. Double Chicken Please in New York followed in the second position, while Handshake Speakeasy from Mexico City clinched the third place. This year, the awards ceremony made history by taking place in Asia, specifically in Singapore.

Also Read: Nepal engulfed in China's debt trap over Pokhara airport deal: Report Putin, a participant in previous Belt and Road Initiative (BRI) summits, led a prominent delegation from Moscow to the event. He emphasized the potential for enhancing trade between the East and West.

Greta Thunberg has been detained by British police alongside other climate activists who gathered outside a central London hotel to disrupt a major oil and gas industry conference

Cruise ships are adding more rooms for one. The cruise industry is stepping up efforts to appeal to the often-overlooked group. Some cruise lines have lowered prices for solo passengers who have traditionally paid more than those sharing cabins with friends or family.

Malaysian energy major Petronas, Indonesia's renewables firm Sun Energy and global commodities company Vitol are in talks to acquire TPG Capital's Rise Fund-backed Fourth Partner Energy, a renewables company that supplies green energy to commercial and industrial establishments, said two sources aware of the development. The majority stake sale is likely to value the company's equity base at around $450-$500 million, the sources said. TPG, which owns close to 50% stake in the business, is looking to completely exit the company through this transaction, the sources added.

Seven of the activists who repeatedly have demonstrated against a wind farm in in central Norway that they say hinders the rights of the Sami Indigenous people to raise reindeer have met with the Norwegian king

COPENHAGEN (Reuters) — Nordic and Baltic seismologists said that they had detected blast-like waves on Sunday when a Baltic Sea gas pipeline ruptured but that the data was not strong enough to determine whether explosives were involved.

Hamas has made an urgent plea to international relief organisations to deliver essential medical and humanitarian supplies to Gaza, where Israel's ongoing airstrikes have exacerbated a deepening humanitarian crisis, CNN reported. The region faces the risk of starvation and the imminent depletion of fuel resources as Israel has withheld critical supplies in response to Hamas' recent acts of violence. Hamas issued a statement, urging «all relief, health, and charitable institutions in the Arab, Islamic, and international communities to swiftly provide necessary medical and humanitarian aid, as well as fuel, to save the lives of over two million Palestinian residents.» Palestinian Minister of Health Mai Alkaila also warned of an imminent healthcare system collapse in Gaza due to severe shortages of medical equipment, surgical supplies, medications, and blood bags. Norwegian Minister of Foreign Affairs Anniken Huitfeldt expressed strong disapproval of a complete blockade, which would deny access to electricity, water, food, and essential goods necessary for civilian survival in Gaza. She emphasised that Israel has a responsibility to permit humanitarian aid access and ensure assistance for the civilian population.

Headlines predicting the death of Bitcoin are nothing new. Over the past decade, we’ve seen every permutation of why “Bitcoin is dead” imaginable, yet the current crypto winter has brought very few of these dire proclamations. 

₹2,200 crore, in terms of size. We’ve been working on transformation and integration of Eastern into our business," he said.

MTR Foods owner Norwegian group Orkla ASA on Wednesday announced the restructuring of its India business into three units — MTR, Eastern and International Business. The group announced the reorganisation of its Indian operations under one business entity — Orkla India. The move will enhance the collective business capabilities and drive sharper growth focus across business units, the company said in a statement. As a part of this reorganisation, Sanjay Sharma, chief executive of MTR will lead the business as Orkla India chief executive. He will be responsible for overseeing the operations of the three business units with each having its own independent chief executives, reporting in to him. The company said Orkla India will now have a wider product portfolio, adding that MTR and Eastern will stay independent identities but draw mutual synergies, scale, expertise and cost advantage. Atle Vidar Nagel Johansen, chairman of Orkla India, said in a statement: “Our acquisition of Eastern has significantly scaled our business in India.

Klarna has launched a new AI-driven shopping feature, developed with OpenAI tech, that allows people to shop by taking a photo of products they like which then become available to buy in seconds on the company's mobile app. Many start-up companies like Klarna are adding AI to their product portfolio to boost valuations as they wait for their turn to hit the public markets through an initial public offering.

Europe’s banks need to stop complaining that a new ESG rule will make them “look bad” and accept that they’ll need to start reporting additional data in a few months, European Banking Authority Chairman Jose Manuel Campa said.