Tag: Corona virus

DNB braces for losses

Norway's biggest bank, DNB, has long been highly profitable but now feels compelled to brace for losses tied to the Corona virus crisis. It...

Oil prices rise on production cuts

A barrel of Norway's North Sea crude oil was trading around 4 percent higher Thursday morning, at nearly USD 24 a barrel, after signs...

Corona postpones ‘russ’ party season

Norway's infamous "russ" season, normally a time when many high school students celebrate graduation with wild mass partying and bizarre rituals, has been postponed...

SAS cuts half its staff in Norway

Plans by Scandinavian Airlines (SAS) to cut thousands more jobs will also cut around half its staff in Norway. Trade union confederation LO is...

Owners flocked back to their ‘hytter’

Thousands of owners of holiday homes known as hytter headed back to them over the weekend, after a ban on pleasure trips aimed at...

Economy sinks, more relief due

Seven weeks after the government shut down much of Norway, economists are sending out new gloom and doom predictions even as some businesses start...

Sports and summer festivals cancelled

No Norway Cup in Oslo. No "Festspillene" in Bergen. No "Øyafestivalen," billed as one of the most highly acclaimed musical gatherings in Northern Europe....

Airline may fly on new bankruptcy law

The Norwegian government was acting quickly this week to amend and expand its bankruptcy law, to offer companies options to liquidation. By allowing protection...

Expat workers most vulnerable in crisis

Expatriates in Norway who come from countries outside the European Economic Area have the most to fear during the Corona crisis if they're suddenly...

Questions fly over Oil Fund boss’ hiring

NEWS ANALYSIS: Norges Bank's supervisory board is demanding more answers into the central bank's suddenly controversial hiring of a highly successful London-based Norwegian financier to...
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