Norway Financial News

reciprocal tariffs for India to 26% from 27% announced a day before. Revisions have been made for atleast 14 countries including South Korea, Norway, South Africa and Thailand. As per a White House document, India’s reciprocal tariff was originally listed at 27%, as against the 26% that US president Donald Trump had shown during the announcement on April 2. However, the latest annex document shows that the tariffs have been revised down to 26%. The US’ trading partners will be subject to a global 10% tariff on April 5, after which only the countries listed in the annex would have their rates elevated to the revised numbers. Around 60 countries have been slapped with reciprocal tariffs. The measures announced by the US could lead to an overall contraction of around 1% in global merchandise trade volumes this year, the World Trade Organization (WTO) said Thursday.

The rationale, as given by White House Press Secretary Karoline Leavitt, was that US sanctions already prohibit «meaningful trade» with these nations, so further tariffs were not needed, according to Axios. But although this argument may make sense, the US continues to trade more with Russia than with nations such as Mauritius or Brunei, which did find themselves on Trump's tariff list, reported Axios.

Subscribe to enjoy similar stories. A group of technology companies is investing in a new form of carbon capture that aims to cut emissions from household waste in an effort to reduce landfill usage and to lower the amount of greenhouse gas emissions that are emitted into the atmosphere. Frontier, an umbrella group of tech companies including payments firm Stripe, internet giant Google and Instagram parent Meta is investing just under $32 million in a carbon-capture-and-storage project in Norway in the hope of removing 100,000 metric tons of carbon from the atmosphere between 2029 and 2030.

Elon Musk's SpaceX on Monday launchd a crew of four private astronauts led by a crypto entrepreneur on a mission to orbit Earth from pole to pole, a novel trajectory in which no humans have traveled before. Maltese investor Chun Wang, a Chinese-born magnate who founded a bitcoin mining company, is the bankroller and commander of the SpaceX mission, named Fram2, a reference to the Norwegian «Fram» ship that pioneered Arctic exploration at the turn of the 20th century. The four crew members on Monday afternoon were driven to the launchpad in a caravan of Teslas — the electric cars of Musk's other company — winding through the roads of Cape Canaveral, Florida, with a police escort, as a SpaceX Falcon 9 rocket launched overhead in an unrelated Starlink mission. «We're gonna watch a rocket launch while on our way to a rocket launch,» Wang wrote on X, the social media site owned by Musk, alongside a video of a Falcon 9 climbing the skies to space during their drive. The mission, SpaceX's sixth private astronaut flight, is the company's latest novel effort that expands its dominance in the global human spaceflight arena. It comes as Musk's power as SpaceX CEO and the world's richest man soars as he works as a close adviser to U.S. President Donald Trump, a role that has given him extraordinary influence for a businessman over an array of U.S. policy matters.

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SpaceX is set to launch the first human spaceflight directly over Earth's polar regions on Monday — a days-long, privately funded orbital mission involving four astronauts. Named «Fram2» after the famed Norwegian ship built in the 19th century for Arctic and Antarctic expeditions, the mission will feature a range of experiments including taking the first X-ray in space and growing mushrooms in microgravity. It's hoped that the research will support future long-duration space travel to Mars.

R Praggnanandhaa, known for his sharp strategies on the chessboard, recently took on a completely different challenge—cooking dosa. In a moment captured and shared on social media, his coach, Ramachandran Ramesh, posted a picture of the young grandmaster attempting to make the iconic South Indian dish for the first time.

The Spectrum rocket, developed by German start-up Isar Aerospace, started smoking from its sides, then crashed back to Earth with a powerful explosion just after launching from Norway's Andoya Spaceport in the Arctic, in live video broadcast on YouTube. Isar Aerospace, which had said it did not expect to reach orbit with the launch, said the two-stage rocket fell into the sea, adding that «the launch pad seems to be intact». Andoya Space, the Norwegian public firm that operates the spaceport, said «crisis response» measures had been activated following the «incident». Regional police said no injuries or damage beyond the rocket itself had been reported.

Subscribe to enjoy similar stories. What do priests in New Zealand, Taiwanese life insurers and the oil-rich nation of Norway have in common? They have all been riding high on booming U.S. markets—and are now vulnerable to a reversal in fortunes.

dollar was headed for a steady week on Friday and a quarterly loss next week as concern about tariffs slowing U.S. growth has pushed down U.S. yields, stocks and the currency. The euro, at just below $1.08, was headed for its largest quarterly rise in more than a year, gaining more than 4% since the start of 2025 on a combination of peace prospects in Ukraine, dollar weakness, and a leap in benchmark German yields.

Sirajuddin Haqqani, who acknowledged planning a January 2008 attack on the Serena Hotel in Kabul, which killed six people, including US citizen Thor David Hesla, no longer appears on the State Department's Rewards for Justice website. The FBI website on Sunday still featured a wanted poster for him. Interior Ministry spokesman Abdul Mateen Qani said the U.S. government had revoked the bounties placed on Haqqani, Abdul Aziz Haqqani, and Yahya Haqqani. «These three individuals are two brothers and one paternal cousin,» Qani told the Associated Press. The Haqqani network grew into one of the deadliest arms of the Taliban after the U.S.-led 2001 invasion of Afghanistan.

Raisina Dialogue on Monday, marking India's premier conference on geopolitics and geo-economics. The Raisina Dialogue is organized by the Observer Research Foundation (ORF) in collaboration with the Ministry of External Affairs (MEA). According to the MEA, the conference will host representatives from around 125 countries, encompassing foreign ministers, former heads of state, military leaders, industry executives, technology innovators, academics, journalists, and experts in strategic affairs. Notably, foreign ministers from 20 nations are confirmed to attend. The Ukrainian foreign minister's visit coincides with intensified US efforts to broker a temporary ceasefire between Ukraine and Russia amidst ongoing hostilities. Here's all you need to know

Subscribe to enjoy similar stories. Finland, Sweden, Denmark, Norway… there has to be a reason Nordic countries consistently rank at the top of the list of the world’s happiest countries. It’s well documented that the Nordic countries—Denmark, Finland, Iceland, Norway and Sweden—are among the world’s most stable, prosperous and least corrupt.

Subscribe to enjoy similar stories. “THE ACTION that is needed has to be bold and determined," declared Ursula von der Leyen, the president of the European Commission, this week. She was talking about how the European Union should respond to Donald Trump’s habit of tearing up supposedly “ironclad commitments", thereby threatening “European values".

Hitachi Energy India’s Rs 2,000 crore qualified institutional placement (QIP), the largest such offering this calendar year so far subscribed two times on Tuesday, people familiar with the matter said. The issue with base size is Rs 2,000 crore with an option to upsize to Rs 3,000 crore, offered at an indicative price of Rs 11,507 per share, people said. With demand doubling, the company is likely to partially exercise the green shoe option, according to the people cited above.

Kia Norway poked fun at Tesla and its CEO Elon Musk in an Instagram post which has gone viral. The South Korean automaker uploaded an Instagram photo of one of its EV3 electric vehicles, with a sticker that says, «I bought this after Elon went crazy,» reported Times of India.

marine fuel firm Haltbakk Bunkers has halted its fueling of US warships after a heated and public exchange between Ukrainian president Volodymyr Zelensky, US president Donald Trump, and vice president JD Vance at the White House on Friday, as per a report.

Gukesh, who lost the Tata Steel Masters in Wijk aan Zee to Praggnanandhaa on tiebreak, is behind second-placed Hikaru Nakamura (2802) while and Norway's Magnus Carlsen (2833) continues to be the top-ranked chess player in the world. The Indian Grandmaster has overtaken compatriot Arjun Erigiasi and USA's Fabiano Caruana.

Subscribe to enjoy similar stories. Company Outsider is a weekly newsletter by Sundeep Khanna. Subscribe to Mint's newsletters to get them directly in your email inbox. For a student of Indian business, ITC Ltd is one of the most fascinating companies to study.

Subscribe to enjoy similar stories. KYIV—Without U.S. military aid, Ukraine has enough weapons to keep fighting at its current pace until the summer, current and former Western officials said.

Nordic and Baltic countries on Monday pledged to increase military aid to Ukraine, three years after the country was invaded by Russia. The announcement came as leaders of Nordic and Baltic countries visited Kyiv, reiterating their support for Ukraine.