AGP Executive Report
Last update: 3 hours agoWealth Fund: Norway’s $2.3 trillion sovereign wealth fund lost 278 billion kroner (about $30 billion) in the third quarter, as rising interest rates pushed bond returns down 3.5%. Its overall return was a modest 0.5% loss. Fraud Warning: Finans Norge says scammers are persuading people to buy gold and leave it in forests for “safekeeping” before stealing it. Cases have been reported in Oslo, Bergen and nearby towns. Digital Links: Norwegian firm Bulk is seeking a Canadian partner for a proposed $620 million undersea cable linking southern Norway with Newfoundland and Labrador, offering Canada a route to Europe that avoids the United States. Ukraine Support: Kyiv is seeking an additional $4.1 billion from Norway to help cover its budget shortfall, as European allies weigh how to share Ukraine’s rising funding needs.
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