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Norway central bank raises rate to 3% - as expected

Norway's central bank raised its benchmark interest rate by 25 basis points (bps) to 3% today to rein in inflation and said it would likely raise it again in May and also after that to hit 3.5% this summer.

Business • 23 Mar 23

The deliveries of the missile systems were a response to an urgent request by Ukraine's defence minister (file image)

Longer-range rockets part of $2bn US pledge for Ukraine

A new rocket that would double Ukraine's strike range in its war with Russia was included in a $2.175 billion US military aid package, the Pentagon said.

World • 03 Feb 23

Flyr's rivals include Norwegian Air and SAS

Norwegian airline Flyr says it faces liquidity crunch

Loss-making Norwegian airline Flyr said today it had failed to raise the cash it needs from shareholders and other potential investors, leaving it in a "critical short-term liquidity situation".

Business • 30 Jan 23

Norway's central bank keeps rate unchanged

Norway's central kept its key policy rate unchanged at 2.75% today, as expected by a majority of economists surveyed by Reuters, and said it aimed for a hike in March.

Business • 19 Jan 23

Norges Bank Governor Ida Wolden Bache says more hikes are on the way

Norway's central bank hikes rates by 0.25%

Norway's central bank raised its benchmark interest rate by 25 basis points to 2.75% today, as expected by economists surveyed by Reuters, and said it will likely hike again as inflation remains above its targets.

Business • 15 Dec 22

The beliefs of Princess Martha Louise of Norway (L) and her fiancé self-professed shaman Durek Verrett (2nd R) have raised eyebrows in no-nonsense Norway

Norway princess gives up royal duties 'to bring calm'

Norway's Princess Martha Louise has relinquished her royal duties in order to focus on her alternative medicine business with her fiancé, a self-proclaimed shaman.

News Lens • 09 Nov 22

Ida Wolden Bache, the Governor of Norway's central bank

Norway's central bank makes smaller rate hike

Norway's central bank raised its benchmark interest rate by 25 basis points to 2.5% today, in line with its own projections but less than economists in a Reuters poll had forecast, leading the crown currency to weaken.

Business • 03 Nov 22

Norway hikes rate by 50 basis points, more rises ahead

Norway's central bank raised its benchmark interest rate by 50 basis points today, as expected by most economists, and said it plans to hike again in November.

Business • 22 Sep 22

Russia is due to halt natural gas supplies to Europe via the Nord Stream 1 pipeline for three days at the end of the month

Gas prices soar on Russian supply risk, and outages

British and Dutch wholesale gas prices rose sharply today as the prospect of maintenance on the main Russian pipeline to Europe put markets on edge, while outages at Norwegian and UK gas fields also lent some support.

Business • 22 Aug 22

Norges Bank's monetary policy committee raised the sight deposit rate to 1.75% from 1.25%

Norway central bank hikes rate by 50 basis points

Norway's central bank has raised its benchmark interest rate by 50 basis points (bps), as expected by most economists and said it will likely hike again in September after inflation soared well above forecast.

Business • 18 Aug 22

Freya was put down last Sunday amid fears she was a threat to the public, and was in a stressed state

Efforts to build statue of popular walrus in Norway

An online campaign has raised over €20,000 to build a statue in Norway for Freya, a beloved walrus that was euthanised by officials last weekend.

World • 17 Aug 22

The walrus, nicknamed Freya, pictured in July

Oslo walrus euthanised as crowds ignore safety warnings

A walrus nicknamed Freya that attracted crowds while basking in the Oslo fjord was euthanised, with Norway officials saying it was the only option but experts slamming an "infinitely sad" decision.

World • 14 Aug 22

Walruses can sleep for up to 20 hours a day. They rarely attack humans, but can if they feel threatened

Norway may kill walrus if onlookers don't keep distance

Norwegian authorities are considering killing a walrus that won hearts basking in the sun of the Oslo fjord, amid fears it is putting itself and the public in danger.

News Lens • 12 Aug 22

Norwegian offshore oil and gas workers went on strike over pay yesterday

Norway oil and gas workers end strike as govt steps in

The Norwegian government intervened to end a strike in the country's energy sector tha thad cut oil and gas output, a union leader and the labour ministry said last night.

Business • 06 Jul 22

The strike, in which workers are demanding wage hikes to compensate for rising inflation, comes amid high oil and gas prices

Norwegian oil and gas output falls as strike begins

Norwegian offshore oil and gas workers went on strike over pay today, the first day of planned industrial action that could cut the country's gas exports by almost 60% and exacerbate supply shortages in the wake of the Ukraine war.

Business • 05 Jul 22

An arrow is seen embedded in a wall following the attack

Norway court sentences man after knife and arrow attack

A Norway court has sentenced a Danish man to full-time psychiatric care after he pleaded guilty to stabbing five people to death and shooting a bow and arrow in an attack last year.

World • 24 Jun 22

Norges Bank's monetary policy committee today raised the sight deposit rate to 1.25% from 0.75%

Norway's central bank in largest rate hike in 20 years

Norway's central bank raised its benchmark interest rate by 50 basis points today - its largest single hike since 2002 and twice as much as expected by most economists.

Business • 23 Jun 22

Odd Roger Enoksen served in the energy and defence ministries (File pic)

Norway minister resigns over affair with young woman

Norway's government has announced that defence minister Odd Roger Enoksen was resigning following revelations that he had a years-long affair with a much younger woman.

World • 09 Apr 22

The four-person crew were taking part in military exercises involving 30,000 people from NATO and partner countries

Four US troops killed in military plane crash in Norway

A US military plane taking part in NATO exercises has crashed in Norway, killing all four American troops on board, the Scandinavian country's army said today.

World • 19 Mar 22

Anders Behring Breivik was in 2012 sentenced to 21 years in prison

Norway court rules killer Breivik to remain in prison

A Norwegian court has rejected a request for parole from Anders Behring Breivik 10 years after he was convicted of killing 77 people in the country's deadliest peacetime attack.

World • 01 Feb 22

Norges Bank's monetary policy committee raised its deposit rate to 0.50% from 0.25% - its second hike in three months

Norway hikes interest rates, with more expected

Norway's central bank raised its benchmark interest rate today as widely expected, and said more hikes were likely next year.

Business • 16 Dec 21

Norwegian authorities say the attack in the town of Kongsberg appears to have been an act of terrorism

Norway attacker handed over to health services

The man who killed five people in a bow-and-arrow attack in Norway this week has been handed over to health services, the prosecution has said, amid speculation he may have mental health issues.

World • 15 Oct 21

Espen Andersen Braathen, seen here in one of his YouTube video, has been named as the suspect by police (Pic: Reuters/NTB)

Bow-and-arrow attack 'act of terror' - Norway police

A bow-and-arrow attack in which a Danish convert to Islam is suspected of killing five people in a Norwegian town appears to have been an "act of terror", police have said.

World • 14 Oct 21

The attack happened in the town of Kongsberg, about 67km from the capital Oslo

Five killed in Norway bow-and-arrow attacks

A man armed with a bow and arrow killed five people and wounded two others in a series of attacks in the Norwegian town of Kongsberg, according to local police.

World • 13 Oct 21

Jonas Gahr Støre holds a bouquet of red roses after the results of the Labour Party's election event in Oslo

Talks begin to form Norway coalition government

A day after winning Norway's general election, left-wing parties kicked off thorny talks to form a government replacing the centre-right in power for eight years.

World • 14 Sep 21