The chief of world's biggest wealth fund gives up hedge fund stake to keep'dream job'

The chief of world's biggest wealth fund gives up hedge fund stake to keep'dream job'

The move could defuse a crisis that has threatened to unseat both Nicolai Tangen and Norway's central bank governor Oeystein Olsen.

  • byTerje Solsvik andGwladys Fouche

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Spain sets new post-lockdown record for daily coronavirus cases

Spain sets new post-lockdown record for daily coronavirus cases

Scrambling to control the outbreak,regional authorities have begun to reimpose restrictions on nightlife and public transport that had been lifted weeks ago.

World's biggest wealth fund unveils $29b loss,calls for'clarification'on CEO

World's biggest wealth fund unveils $29b loss,calls for'clarification'on CEO

As well as grappling with the coronavirus,Norges Bank Investment Management has been dealing with a botched recruitment process to find a new chief executive.

  • byMikael Holter
World's biggest wealth fund's embarrassing recruitment debacle

World's biggest wealth fund's embarrassing recruitment debacle

The controversial hiring of Nicolai Tangen to run Norway's $1.1 trillion wealth fund has reignited a debate over who controls the world's largest sovereign investor.

  • byMikael Holter
European countries scramble to halt second COVID-19 wave

European countries scramble to halt second COVID-19 wave

European countries are moving to curb travel as fears of a second wave of coronavirus sweep across the continent.

Norway bans passengers from large cruise ships,Spain hails COVID app

Norway bans passengers from large cruise ships,Spain hails COVID app

Norway will ban all cruise ships with more than 100 people from its ports,as Spain announces its COVID-19 app is twice as effective as human tracers.

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South African infections pass 500,000,more than 50 per cent of Africa's total

South African infections pass 500,000,more than 50 per cent of Africa's total

Elsewhere,some 40 passengers and crew from a cruise ship tested positive for COVID-19 in Norway,with authorities scrambling to trace passengers who disembarked.

COVID outbreak hits cruise ship,more than 30 crew infected aboard Roald Amundsen

COVID outbreak hits cruise ship,more than 30 crew infected aboard Roald Amundsen

Concern is growing the passengers,who have already begun their voyages home may be potentially spreaders of the virus.

  • byMorgan Hines
It's now or never:Norwegian Elvis impersonator on track for 50 hours of singing

It's now or never:Norwegian Elvis impersonator on track for 50 hours of singing

Norwegian performer Kjell Elvis,real name Kjell Henning Bjornstad,started his world-record breaking Elvis Presley singing marathon challenge on Thursday.

Police arrest a man after three women stabbed in Sarpsborg

Police arrest a man after three women stabbed in Sarpsborg

Armed police were deployed to the town about 70 kilometres south of the capital Oslo.

  • byNerijus Adomaitis
Border town pays price for Sweden's no-lockdown as Norway reopens

Border town pays price for Sweden's no-lockdown as Norway reopens

The town of Stromstad is paying a heavy price for Sweden's decision not to lock down its economy like neighbouring Norway and other Nordic nations to halt the spread of COVID-19.

  • byVictoria Klesty andNiklas Pollard