Norway

Norway Announces Ambitious New Undersea Data Cable Project for Remote Islands

2 months ago

In a significant move to enhance its digital infrastructure, Norway is set to construct a new undersea data cable connecting the mainland to the remote islands of Svalbard and Jan Mayen. This initiative is expected to bolster internet connectivity and support the burgeoning demand for data transmission in the region.

Norway's Wealth Fund Scales Back Investments in U.S. Tech to Mitigate Risks

3 months ago

In a strategic maneuver aimed at mitigating potential risks in turbulent markets, Norway’s sovereign wealth fund has significantly reduced its exposure to U.S. technology stocks. This decision reflects a growing concern over inflationary pressures and rising interest rates that have been adversely affecting the tech sector.

Norway's $1.8 Trillion Sovereign Fund Sees Stellar 13% Returns Driven by U.S. Tech Stocks

3 months ago

Norway's Government Pension Fund Global, often referred to as the world's largest sovereign wealth fund, has reported impressive performance figures with a robust return of 13% for the past year, largely attributed to soaring investments in U.S. technology stocks. As the fund's total assets continue to climb, reaching an astounding $1.8 trillion, this news has sparked conversations around the shifting dynamics of global investment landscapes.

Norway’s Sovereign Wealth Fund Boosts Investment in Tech Giants Amid Market Fluctuations

3 months ago

Norway's sovereign wealth fund, the Government Pension Fund Global (GPFG), which boasts an impressive $1.8 trillion in assets, has recently made headlines by increasing its stakes in several major technology corporations. This strategic maneuver aims to capitalize on the current market landscape and the promising potential of the technology sector, which has been under scrutiny yet remains a pivotal part of global investments.

US and Norway Forge Agreement for Arctic Satellite Launch Operations

3 months ago

In a significant development for the aerospace industry, the United States has entered into a partnership with Norway to facilitate satellite launches from the Arctic region. This groundbreaking agreement aims to bolster both nations' capabilities in satellite deployment while also expanding their strategic interests in the increasingly vital Arctic zone.

Redefining Sovereign Wealth: Norway’s Fund Calls for a Shift in Terminology

6 months ago

In a recent assertion that could reshape the language of finance, Norway's sovereign wealth fund, one of the world's largest, has urged the financial community to reconsider its usage of the term "sovereign wealth fund." The call comes from Nicolai Tangen, the fund's CEO, who emphasized that not all wealth funds should be categorized as "sovereign," citing important distinctions between various funds operated by governments around the globe.