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Norway raises oil and gas revenue forecast to $78 billion for 2026 amid rising energy prices

Norway’s government has significantly upgraded its forecast for oil and gas revenues in 2026, expecting the state to earn around 721.1 billion Norwegian crowns (approximately $78.7 billion), driven by rising global energy prices linked to ongoing geopolitical tensions. The revised estimate marks a sharp increase from earlier projections......

Europe's EV sales surge as fuel prices spike on Middle East conflict

Electric vehicle registrations rose sharply across Western Europe in April 2026, with several countries recording record or near-record battery electric vehicle market shares as consumers increasingly turned away from combustion-engine cars amid fuel price surges driven by the ongoing conflict in the Middle East. Norway set a new monthly......

More than 3,000 Viking coins unearthed in Norway's largest hoard ever found

Two metal detector enthusiasts scanning an agricultural field near the village of Rena in eastern Norway have uncovered what archaeologists have confirmed to be the largest Viking-era coin hoard ever discovered in the country. Named the Mørstad hoard, the find has so far yielded more than 3,000 silver coins dating from the late tenth......

Norwegian cruise cuts profit forecast as Middle East conflict raises fuel costs and weakens demand

Norwegian Cruise Line Holdings has lowered its annual profit forecast, citing increasing operational challenges linked to rising fuel prices and weaker travel demand. The company operates major cruise services worldwide and is currently facing pressure from global economic and geopolitical conditions. Impact of Middle East tensions According......

Ryanair CEO says Europe jet fuel shortage risk is easing

The risk of a jet fuel shortage in Europe is easing, according to Ryanair chief executive Michael O’Leary, who offered a more optimistic assessment of fuel supply conditions than earlier warnings circulating in the aviation sector. His comments come as the Middle East conflict continues to disrupt global energy flows and pressure transport......

Norway wealth fund chief warns against AI driven job cuts

Nicolai Tangen, chief executive of Norges Bank Investment Management, warned companies against using artificial intelligence primarily as a tool for workforce reductions, arguing that aggressive job cuts could trigger public backlash and damage broader confidence in the technology. Speaking ahead of the fund’s annual investor conference......

Norwegian FA chief calls on FIFA to scrap peace prize

The president of the Norwegian Football Federation, Lise Klaveness, has urged FIFA to discontinue its recently introduced peace prize, arguing that such initiatives risk drawing football institutions into political controversies. Klaveness emphasized that awarding peace-related distinctions falls outside FIFA’s core responsibilities......

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