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29.10.26 - 23:36
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Visit Norway makes shithouses ′great again′ after Trump insult (The Guardian)
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Tourist board responds with toilet humour after US president's 'shithouse country' jibe over failure to win Nobel peace prizeSome might find it decidedly incommodious to be dumped on by Donald Trump as a “shithouse country”. Not the Norwegian tourist board, which chose instead to lift the lid on some of the nation's loveliest lavatories.“Are these the world's best shit houses?” asked Visit Norway on its website, days after the US president vented his fury once more over failing to win the Nobel peace prize by describing Norway as a “shithouse country” at a rally on Sunday. Continue reading......
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25.10.26 - 13:45
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Norway′s $2.3 Trillion Oil Fund Loses $30 Billion In Third Quarter (ZeroHedge)
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Norway's $2.3 Trillion Oil Fund Loses $30 Billion In Third Quarter
Authored by Charles Kennedy via OilPrice,
The world's biggest sovereign wealth fund, Norway's $2.3-trillion Government Pension Fund Global, booked a loss of $30 billion for the third quarter as higher interest rates and market turbulence hit both its fixed-term and equity investments.
Norway's Government Pension Fund Global (GPFG), which is commonly referred to as 'Norway's oil fund' because it was created with oil and gas revenues, is a shareholder in many large companies in the world, with more than half of the value of its equity investments in the U.S. market.
The Norwegian fund was created in the 1990s with the aim of ensuring long-term management of revenue from Norway's oil and gas resources. Today the wealth fund holds, on average, 1.5% of all listed companies in the world.
Following a record-high profit of $185 billion for the first half of 2026, boosted by Asian tech stocks, the sovereign wealth fund booked a ...
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