Tag: economy

The challenges in delivering bad news

Life is punctuated by bad news, notes clinical psychologist Nicola McCaffrey, and there's been a lot of it in Norway lately as the country's economic boom...

Coping with a ‘necessary crisis’

The steep decline in the price of oil has already cost thousands of jobs in Norway and triggered uncertainty in a once-gushing industry, yet even the...

Aker job cuts signal new wave of layoffs

Oil industry officials were fearing a new wave of layoffs on Tuesday after Norway's large oil service firm Aker Solutions announced that as many as...

Oil minister tries to stay optimistic

After another week of low oil prices and rising unemployment, Oil Minister Tord Lien was grasping for bright spots in the industry he oversees. He...

Stocks recover but krone stays weak

Norwegian share prices and foreign exchange rates continued to swing in the midst of more market turbulence on Thursday. Share prices rose, but the krone remained weaker...

Unemployment rate rises to 4.5 percent

The numbers of Norway's jobless residents swelled to 124,000 in June, according to new seasonally adjusted numbers released Wednesday by state statistics bureau SSB...

Solberg: ‘Norway is not in crisis’

Prime Minster Erna Solberg held firm on Wednesday that Norway's economy is still not in any crisis, despite this week's market turbulence and the...

Krone falls and rises with wild market

Norway's currency continued its wild ride this week, both falling and recovering along with markets that grabbed attention worldwide. The krone gained against the US...

More job losses, in shipping and media

Solstad Offshore, based in the picturesque town of Skudeneshavn on Norway's west coast, doesn't see any prospects for improvement in the oil industry and...

Oslo shares fall in global market dive

UPDATED: The value of shares in companies traded on the Oslo Stock Exchange took a dive when the market opened Monday morning. The steep decline...
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