NORWAYS GOVERNMENT
All about the US Navy nuclear ballistic missile submarine that surfaced off Norway
A nuclear powered ballistic submarine, a guided missile cruiser and two other aircraft of the US Navy were spotted in the Norwegian Sea near Russia. This comes in the backdrop of Russian naval ships being spotted in Cuba, this month. The situation is unlikely to escalate but will be closely monitored.
Norway starts stockpiling grain, citing pandemic, war and climate change
The Norwegian government signed a deal to stockpile 30,000 tons of grain as a precaution against crises like COVID-19, war, and climate change, aiming to have 82,500 tons by 2029 for three months' consumption. This decision follows recommendations after Russia's invasion of Ukraine, with Norway previously closing its grain storage sites in 2003. The country also hosts the Global Seed Vault in Svalbard to safeguard seeds worldwide.
Afghan Taliban govt says to attend next round of UN talks in Doha
Taliban authorities will attend the third round of United Nations-hosted talks on Afghanistan in the Qatari capital, a government spokesman said on Sunday, after snubbing an invitation to the previous round. A key element of the talks held in the Gulf state, which hosted the Taliban during years of peace talks with the United States, is a UN independent assessment on Afghanistan released late last year.
Green flavour not enticing enough for bond investors
Green bonds in India face challenges due to the absence of financial institutions focusing on green financing and investors enthusiastic about environment protection. Follow-up issuances have dried up a year after the first government green bond sale.
India expresses deep concern over loss of lives in Rafah
India on Thursday expressed deep concern over the loss of civilian lives in the displacement camp in Rafah and called for the protection of the civilian population and respect for international humanitarian law in the ongoing conflict.
Palestinian PM calls on Spanish counterpart
The diplomatic move by the three western European nations on Tuesday was slammed by Israel and will have little immediate impact on its grinding war in Gaza, but it was a victory for the Palestinians and could encourage other Western powers to follow suit.
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Three EU nations recognise Palestinian statehood
Israeli foreign minister Israel Katz quickly lashed out at Spain on X, saying that Sanchez's government was "being complicit in inciting genocide against Jews and war crimes." While around 140 countries have recognised a Palestinian state - over two-thirds of the UN - none of the major Western powers has done so.
EU foreign chief says Israel must respect UN court, control settler violence in the West Bank
Borrell insisted Israel had driven the Palestinians to the edge of a catastrophe because "the situation in Gaza is beyond words. The occupied West Bank is on the brink, risking an explosion any time." While most of the global attention is centered on Gaza, Borrell said that "we should not forget what's happening in the West Bank," where the seat of the Palestinian Authority is based.
Israel furious as Ireland, Norway, Spain recognise Palestinian state
Israel reacted with fury as Ireland, Norway, and Spain announced plans to recognise Palestine. the move prompted praise from Arab and Muslim nations. Israel accused the countries of "rewarding terrorism." Most Western nations support for a Palestinian statehood, but issues remain. The move was seen as a symbolic step in favour of Palestine.
Spain, Ireland and Norway will recognise a Palestinian state on May 28. Why does that matter?
Spain, Ireland, and Norway announced on Wednesday their intention to recognize a Palestinian state on May 28, responding to international outcry over the civilian casualties and humanitarian crisis in Gaza. This move may encourage other EU nations to follow suit, potentially leading to further steps at the United Nations and increasing pressure on Israel. The recognition of a Palestinian state is seen as a crucial step towards resolving the long-standing conflict in the Middle East, with implications for peace negotiations and the broader international community. Israel has reacted negatively to the recognition, viewing it as a setback to the negotiation process and a reward for Hamas.
Palestine: Ireland, Spain and Norway recognize the state as countries push for Israel-Hamas war solution
The leaders of Ireland, Spain, and Norway announced their countries' recognition of Palestine as a state, intending to support a two-state solution and push for peace in the Israeli-Palestinian conflict. Israel's reaction was negative, warning of potential consequences. This move aligns with several European countries considering similar recognition.
Israel says it's recalling ambassadors from Ireland and Norway over Palestinian state recognition
Israel's Foreign Minister Israel Katz recalls ambassadors from Norway and Ireland as they plan to recognize a Palestinian state, potentially impacting hostage negotiations with Hamas and Iran. Norwegian Prime Minister Jonas Gahr Store supports recognition, echoing EU countries' push for a two-state solution post-Oslo agreement.
Norway excludes Adani Ports, US and Chinese cos from pension fund
Norges Bank said on Wednesday that it excluded the company because of an unacceptable risk that the company contributes to serious violations of individuals' rights in situations of war or conflict. The other two companies blacklisted by Norges Bank include US-based L3Harris Technologies and China's Weichai Power.
Norway sovereign wealth fund excludes Adani Ports over ethical concerns
Norway's central bank has excluded three companies from its government pension fund due to ethical concerns. Adani Ports, part of Gautam Adani's conglomerate, is excluded due to potential violations of individuals' rights in war situations. Weichai Power, a Chinese company, is excluded due to its involvement in armed conflict sales.
India, Norway extend health cooperation with 4th phase of NIPI
A health initiative between Government of India and Government of Norway, the Norway India Partnership Initiative (NIPI) Phase 3 builds on experiences from NIPI 1 & 2 and focuses on areas of Maternal, Newborn and Child Health.
Statkraft India head Rahul Varshney quits
Rahul Varshney has left Europe's largest renewable power generator Statkraft after 15 years of leadership in India. Statkraft, owned by Norway's government, has been operating in India for over two decades, primarily in the hydro power generation sector. Varshney led the development of multiple hydro power projects in Himachal Pradesh, providing "living wages" to construction workers, including better healthcare, food, and social security.
'Demand for Indian healthcare profs to double nationally, globally by 2030'
Global shortage and an ageing population have spurred the demand for Indian healthcare professionals who are highly respected in the international markets for their skills, NLB Services CEO Sachin Alug told PTI.
Norway plans $56 billion defence boost to counter Russia
Norway intends to boost its military spending by 600 billion crowns ($56 billion) by 2036 to enhance its defense capabilities against Russia and other security threats, marking a historic increase. The planned expenditure over the next 12 years totals 1.62 trillion crowns. Prime Minister Jonas Gahr Stoere highlighted the significant strengthening of all armed forces branches. This decision follows the war in Ukraine, which has heightened concerns about potential Russian aggression. Despite the increased military spending, Norway's sovereign wealth fund, the world's largest, will continue to limit annual government spending to 3% of its total assets.
India will have option to withdraw duty concessions if USD 100 bn investment commitment not met by EFTA
India can suspend customs duty concessions on EFTA country goods if the European nation bloc fails to meet its USD 100 billion investment obligations. The agreement includes an investment promotion and cooperation chapter with a three-stage consultation procedure and an investment sub-committee. India will ensure a favourable investment climate.
16 years in the making, key details of India's pact with four-nation European trade bloc
India signed a free trade pact with Switzerland, Norway, Iceland, and Liechtenstein, committing to reduce tariffs and receive $100 billion in investments over 15 years. The pact is expected to boost exports, attract investments, and improve trade ties between India and Switzerland.
India eyes $100 billion investment deal with Switzerland, Norway
India is nearing the completion of a groundbreaking trade agreement that may result in several European nations investing up to $100 billion over a span of 15 years. The European Free Trade Association, consisting of Switzerland, Norway, Iceland, and Liechtenstein, has pledged to make investments in India as part of a trade deal currently in the advanced stages of negotiation, according to the sources, who preferred not to be identified as the discussions are ongoing.
VFS Global renews Visa and Residence Permit services contract for Norway globally including India
Under this new agreement, VFS Global will continue to operate on behalf of the Government of Norway in all regions worldwide – Americas, Australasia, China & Hong Kong, Europe & CIS, Middle East & North Africa, Russia, Belarus & Armenia, and South Asia.
TikTok takes first steps in turning on Norwegian data centre
The Norwegian data centre will be in the town of Hamar where TikTok will store data spread over three buildings and the first phase will start operating from next summer.
Norway joins EU nations in banning Russian-registered cars from entering its territory
Norway has announced that it will join the European Union in barring Russian-registered passenger cars from entering the country, in response to Russia's war on Ukraine. The ban will apply to cars with nine or fewer seats, but buses and minivans with ten or more seats will still be allowed to cross the border.
Norway joins Denmark, Netherlands to donate F-16s to Ukraine
Norway has announced its plans to provide Ukraine with F-16 fighter jets, making it the third European nation to do so. The country will also donate anti-aircraft missiles, de-mining sets, and 1.5 billion NOK ($140.5 million) to secure gas and electricity supply in Ukraine. This brings the total value of Norway's support over five years to 75 billion NOK.
Norway wealth fund to firms: use AI, but do it responsibly
Norway's $1.4 trillion wealth fund, the world's single largest stock market investor, is urging firms it invests in to engage with artificial intelligence as a way to drive profits, but to do so responsibly, top officials told Reuters.
Governments abroad look to model on India’s ‘landmark’ data law
New Zealand's Privacy Commissioner Michael Webster said he takes a 'keen interest' in the privacy impacts of new and emerging technologies and how countries such as India respond to these developments.
Cyber attack hits 12 ministries in Norway
Norway's state sector has been hit by cyber attacks previously, including in June 2022, when a so-called distributed denial-of-service (DDoS) attack took place, blamed on a "criminal pro-Russian group".
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