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Terje Solsvik

Sweden excluded as neighbours Denmark and Norway ease travel restrictions

29 May 2020

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.

Norwegian Air's first-quarter loss widens as airline prepares for reboot

28 May 2020

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

UPDATE 2-Norwegian Air's Q1 loss widens as airline prepares for reboot

28 May 2020

* Recent debt conversion puts creditors in charge (Adds detail, link to SAS report)

Slimmed-down Norwegian Air to live on after share sale, refinancing completed

18 May 2020

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.

Norway wealth fund blacklists Glencore, other commodity giants over coal

15 May 2020

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 .

Norway shatters wealth fund spending cap amid pandemic

12 May 2020

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.

Norway cuts rates to record low of zero to cushion economy

07 May 2020

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.

Norwegian Air secures shareholder funds in fight to stay aloft

07 May 2020

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.

UPDATE 2-Norwegian Air secures shareholder funds in fight to stay aloft

07 May 2020

* Carried 41,000 passengers in April vs year-ago 3.14 mln (Updates throughout with share issue)

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