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Norway government raises spending by $5.3 bln due inflation, Ukraine

Norway's centre-left government said on Thursday it plans to spend an extra 56 billion Norwegian crowns ($5.3 billion) from its sovereign wealth fund in 2023 to compensate for soaring inflation and pay for aid to Ukraine.

Ukraine , Norway , Norwegian , Toby-chopra , Terje-solsvik , Reuters , Thomson-reuters-trust-principles , Victoria-klesty , Thomson-reuters-trust , Repi-transport-fuels , Bisv , Bisv08

North Star Expands Vard Newbuild Orders with 2+2 CSOVs Due in 2025

With demand continuing to grow for vessels to support the offshore wind industry and analysts projecting a need for more vessels, the UK’s North Star...

Romania , United-kingdom , North-sea , Oceans-general- , Oceans , Norway , Vietnam , Republic-of , Partner-group , Fincantieri-vard-shipyard , Dogger-bank

Norway wealth fund CEO denies pay discrimination in case by female employee

The chief executive of Norway's $1.4 trillion sovereign wealth fund, Nicolai Tangen, on Tuesday denied accusations of gender pay discrimination at the fund during a court case brought by a female employee.

Norway , Norwegian , Nicolai-tangen , Conor-humphries , Thomson-reuters-trust-principles , Reuters , Norges-bank-investment-management , Bull-daae , Victoria-klesty , Thomson-reuters-trust , Ef-business-world-at-work , Mtpix

Many losers from 2022 financial turmoil still unknown, Norway wealth fund CEO says

Investors have yet to learn which institutions incurred the lion's share of losses from last year's global financial market turmoil, the head of Norway's $1.4 trillion sovereign wealth fund said.

Russia , Ukraine , Norway , Germany , Japan , Norwegian , German , Japanese , Kirsten-donovan , Terje-solsvik , Gwladys-fouche , Nicolai-tangen

Norway's wealth fund posts $84 billion quarterly profit

Norway's $1.4 trillion sovereign wealth fund, one of the world's largest investors, on Friday posted a 5.9% return on investment for the first quarter boosted by rising equity markets.

Norway , Norwegian , Terje-solsvik , Trond-grande , Reuters , Linkedin , Thomson-reuters-trust-principles , Thomson-reuters-trust , Mtgfx , Bact , Bisv , Bisv08

Amogy and Marco Polo Marine team up to develop ammonia-to-power system for offshore wind vessels

Amogy, a developer of emission-free, energy-dense ammonia power solutions, and Marco Polo Marine entered into a Memorandum of Understanding (MoU).

Marco-polo-marine , Amogy , Arco-polo-marine , Mmonia-to-power-system , Ffshorewind , Sov , Ov ,

Saudi Aramco 4% stake transferred to PIF's Sanabil

A 4% stake in oil major Saudi Aramco has been transferred from state ownership to Sanabil Investments, which is wholly owned by the Saudi Arabia's sovereign wealth fund, Crown Prince Mohammed Bin Salman said on Sunday.

Dubai , Dubayy , United-arab-emirates , Saudi-arabia , Saudi , David-goodman , Hadeel-al-sayegh , Saudi-aramco , Reuters , Thomson-reuters-trust-principles , Sanabil-investments , Crown-prince-mohammed-bin-salman

Nigerian sovereign fund, Vitol launch venture to invest in carbon removal projects

Nigeria's sovereign wealth fund and Vitol (VITOLV.UL) have launched a joint venture to invest in a range of carbon avoidance and removal projects, the fund said on Wednesday.

Nigeria , Abuja , Abuja-federal-capital-territory , Nigerians , Nigerian , Jan-harvey , Chijioke-ohuocha , Andrea-ricci , Nigerian-sovereign-investment-authority , Reuters , Thomson-reuters-trust-principles , Saharan-africa

Jailed Malaysian ex-PM Najib loses bid for review of graft conviction

Malaysia's top court on Friday dismissed a bid by jailed former prime minister Najib Razak to review his corruption conviction over the multi-billion dollar scandal at state fund 1MDB, ending Najib's judicial efforts to challenge the guilty verdict.

Malaysia , Kuala-lumpur , Najib-razak , Ed-davies , Thomson-reuters-trust-principles , Malaysia-federal-court , Reuters , Malaysia-development-berhad , Federal-court , Development-berhad , Rozanna-latiff-editing , Thomson-reuters-trust

Singapore's GIC to jointly buy Japanese HR software developer for $2.6 bln - Nikkei

Singapore's GIC will jointly acquire Works Human Intelligence, a human-resources software provider in Japan, for $2.6 billion, Japan's Nikkei business daily reported on Thursday.

Japan , Tokyo , Singapore , Kaori-kaneko , Robert-birsel , Thomson-reuters-trust-principles , Reuters , Works-human-intelligence , Works-human , Works-applications , Thomson-reuters-trust , Bisv