Norway

Norway: Nobel Peace Prize to be awarded Friday in Oslo

OSLO (AP) — The winner of this year’s Nobel Peace Prize will be announced Friday at 11 a.m. (0900 GMT) in Oslo, with no shortage of causes or candidates on this year’s list.

While the Norwegian Nobel Committee maintains absolute secrecy about whom it favors for arguably the world’s most prestigious prize, that has never stopped speculation ahead of the announcement.

Norway to allow more sports, bigger crowds in easing of national COVID curbs

OSLO (Reuters) - Norway will allow most amateur team sports to resume in mid-October and permit larger crowds at matches, as the government looks to ease nationwide restrictions enforced to contain the coronavirus epidemic.

The changes will take effect on Oct. 12, Prime Minister Erna Solberg said on Wednesday, while warning that localised spikes in COVID-19 infections might require tighter restrictions on movement in some parts of the country.

Norwegian lawmaker nominates Trump for Nobel Peace Prize

OSLO (Reuters) - A Norwegian lawmaker has nominated Donald Trump for the Nobel Peace Prize for 2021 for helping broker a deal between Israel and the United Arab Emirates, the second time he has put forward the U.S. president for the honor.

Thousands of people are eligible to nominate candidates for the Nobel Peace Prize, including members of parliaments and governments, university professors and past laureates.

The Norwegian Nobel Committee, which decides on the award, declined to comment.

Sunken German World War Two battleship found off Norway

OSLO (Reuters) - The wreckage of a major German warship has been discovered off the coast of Norway some 80 years after it was sunk in a World War Two battle, Norwegian power grid operator Statnett and a maritime archaeologist said.

Identified this year from images and sonar scans of its hull and of details such as the position of gun turrets, the cruiser Karlsruhe was first detected in 2017 just 15 meters (50 feet) from a subsea power cable that has been operating since 1977.

Norway expels Russian diplomat over spy case

OSLO (Reuters) - Norway’s foreign ministry on Wednesday said it had decided to expel a Russian diplomat following the recent arrest in Oslo of a Norwegian citizen suspected of espionage.

Norwegian police on Monday said the Norwegian man was suspected of illegally handing information to a Russian intelligence officer.

Norway's wealth fund lost $21 billion in first half of 2020

OSLO (Reuters) - Norway’s $1.15 trillion sovereign wealth fund posted a loss of 188 billion Norwegian crowns ($21.27 billion) in the first half of 2020 as stocks and real estate holdings fell in value during the COVID-19 pandemic, it said on Tuesday.

The decline followed record earnings in 2019, when the fund raked in profits of $180 billion as global stock markets soared.

“Even though markets recovered well in the second quarter, we are still witnessing considerable uncertainty,” the fund’s deputy chief executive, Trond Grande, said in a statement.

Norwegian Air to resume first foreign route after lockdown

OSLO (Reuters) - Norwegian Air (NWC.OL) will resume flights between Copenhagen and the Danish city of Aalborg from July 1, making it the carrier’s first route outside Norway following the outbreak of the COVID-19 pandemic, it said in a statement on Tuesday.

“Norwegian has for several years been the market leader on this route,” the airline said as it announced it would fly three daily round trips between Denmark’s largest and fourth largest cities.

Norwegian Air says lessors support rescue ahead of shareholder vote

OSLO (Reuters) - Norwegian Air (NWC.OL) has won “strong support” from lessors for its plan to convert debt to equity, the carrier said on Monday, as shareholders prepared to cast their vote on the scheme in a meeting set to begin at 0630 GMT.

With 95% of its fleet grounded amid the coronavirus pandemic, Norwegian Air could run out of cash by mid-May unless shareholders back the plan.

Norwegian Air's fate in balance as result of rescue vote awaited

OSLO (Reuters) - The fate of Norwegian Air (NWC.OL) was in the balance on Friday after a deadline passed overnight for bondholders to vote on a rescue package for the transatlantic budget airline.

Bondholders were set to start a meeting at 1400 GMT on Thursday to vote on the airline’s debt-to-equity plan, the first major test of its rescue efforts amid the coronavirus outbreak.

But the airline sent a revised offer at 1359 GMT, calling it final, and pushed back the deadline to accept to 2100 GMT. Since then, Norwegian Air has sent no messages about the outcome.

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