Norway’s revenues from oil and gas production hit a record high this year and are showing no signs of slowing down.While Norway is a major supporter of clean energies, it is also a firm believer that the energy transition can only be achieved by using the profits from oil and gas production. The future is bright for Norway’s energy giant…
View More Norway’s Oil Boom Is Only Just Beginning
The directors general of Sweden’s Financial Supervisory Authority and Environmental Protection Agency have called upon both the EU and Sweden’s government to ban cryptocurrency mining. Since China banned Bitcoin ,wannabe get-rich-quick artists have been looking for somewhere else to squander squillions of megawatt-hours minting imaginary internet money. Cheap hydroelectric power makes the Nordics tempting, with Sweden alone using 1TWh on…
View More Sweden asks EU to ban Bitcoin mining because while hydroelectric power is cheap, they need it for other stuff
The plunge occurred at 7:34 a.m. New York time, according to Binance’s website The price of Bitcoin appeared to rapidly — and only temporarily — plunge about 87% on Binance’s U.S. exchange Thursday morning, sinking to as low as $8,200 from around $65,000. The price did nothing like that on other venues, and on Binance the level almost immediately snapped…
View More BITCOIN APPEARS TO CRASH 87% IN A FLASH ON BINANCE’S US VENUE
Norway’s central bank raised its benchmark interest rate on Thursday and said it expects to hike again in December, as it joins a short but growing list of nations moving away from emergency-level borrowing costs. Norges Bank’s monetary policy committee raised the sight deposit rate to 0.25% from a record low of zero, as forecast unanimously in a Reuters poll…
View More Norway raises interest rates, says another hike likely in December
The UK government is to grant a major concession to British business by prolonging the deadline for companies to adopt a new “UKCA” safety and quality mark for their goods after Brexit. The one-year extension for UK products to continue using the EU’s “CE” safety mark came after businesses warned that they would not be ready for the planned post-Brexit…
View More UK MANUFACTURERS TO GET BIG CONCESSION ON POST-BREXIT QUALITY MARK
Denmark, the Scandinavian country squished between Germany and Sweden, is ranked the easiest place to do business in the world, according to the recently published Global Business Complexity Index 2021. The report explains: “In Denmark, you can incorporate a company within a day,due to the fact that there is one single entry point for all registrations, and all necessary bodies…
View More Denmark Is Listed As The Best Country For Business
STOCKHOLM, July 23 – Volvo Cars reported a return to profit in the first half as demand for electric cars pushed earnings above pre-pandemic levels, putting the carmaker on a firmer footing as it considers a possible IPO this year. Sweden-based Volvo, owned by China’s Geely Holding (GEELY.UL), said on Friday it made a first-half profit of 13.24 billion Swedish…
View More Eyeing IPO, Volvo cars posts record results, top pre-pandemic levels
Finland should end its COVID-19 state of emergency as infection rates decline, Prime Minister Sanna Marin said on Tuesday, adding that the issue would go before parliament. “We see that the conditions no longer call for the emergency powers legislation,” Marin said. On April 9, Marin had presented a plan to relax restrictions in the run-up to the summer. The state…
View More Finland to end state of emergency as COVID-19 cases drop & will finance post-Covid stimulus with debt
5G technology has now gone mainstream when it comes to offering support on consumer electronics like smartphones, although the deployment of 5G infrastructure is still limited to developed countries online while developing nations are working towards it. As 5G communication technology has reached the milestone, companies have now started working on the next-generation technology — 6G. One of the leaders…
View More Reports say that Huawei will launch test satellites for 6G technology verification in July
Travelers can pick up the bacteria even during short visits and further spread the strains after returning home. International travellers are particularly vulnerable to virulent strains of drug-resistant bacteria – often picking up several different types during a trip through spending time in the company of other tourists, a new study has revealed. The global spread of intestinal multidrug resistant…
View More STUDY SHOWS THAT GLOBAL TOURISTS ARE EXPOSED TO A GREATER BURDEN OF MULTI DRUG-RESISTANT BACTERIA