OSLO/COPENHAGEN Norway and Denmark will allow tourists to travel between the two countries from mid-June, their governments announced on Friday, although border crossings with Sweden, where the number of COVID-19 infections is higher, will remain restricted.
OSLO Norwegian Air posted a wider first-quarter loss as the coronavirus crisis froze global travel, it said on Thursday, days after completing a financial rescue in which creditors took control of the carrier. | Video
* Recent debt conversion puts creditors in charge
(Adds detail, link to SAS report)
OSLO Budget airline Norwegian Air looks likely to live on in a very slimmed-down form after completing a cut-price share sale and winning bondholders' backing for a refinancing, after the coronavirus crisis compounded the carrier's financial problems.
OSLO Norway's $1 trillion wealth fund is excluding some of the world's biggest commodities firms from its portfolio for their use and production of coal, including Glencore and Anglo American .
OSLO Norway will exceed a self-imposed cap on spending from its $1 trillion sovereign wealth fund for the first time in more than a decade to aid an economy hobbled by the coronavirus pandemic.
OSLO Norway's central bank cut its key interest rate to zero, a record low, from 0.25% on Thursday in a surprise move aimed at protecting an economy reeling from the coronavirus crisis.
OSLO Norwegian Air has secured vital funding from shareholders as it battles to survive the novel coronavirus pandemic that drove down April passenger volumes by 98.7%, the budget carrier said on Thursday.
* Carried 41,000 passengers in April vs year-ago 3.14 mln
(Updates throughout with share issue)