Norway’s $1.6 trillion sovereign wealth fund, the Norwegian Government Pension Fund Global managed by Norges Bank Investment Management (NBIM), has made it clear that they will continue to advocate for investments based on environmental, social, and governance (ESG) factors. Despite facing backlash from both ends of the political spectrum, the fund remains committed to prioritizing
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The tech industry, despite seeing blockbuster earnings from major players like Alphabet and Microsoft, is experiencing a wave of layoffs that continues to affect the workforce. Layoffs.fyi, a platform tracking job cuts in the tech sector, reported over 263,000 job losses in 2023, with more than 75,000 job cuts already recorded in 2024. This trend
Over the weekend, a total of 79 tornadoes were reported across six states, with the majority of them occurring in Nebraska and Iowa. The aftermath of these tornadoes left a trail of destruction, with homes being leveled and buildings collapsing in their wake. The city of Omaha, Nebraska, was particularly hard hit, with Mayor Jean
Former Tesla executive Drew Baglino recently made headlines when he announced his resignation and sold off a significant number of shares in the electric vehicle company. According to a filing with the SEC, Baglino sold about 1.14 million of his shares, amounting to approximately $181.5 million. This move has raised eyebrows and sparked speculation about
Thrasio, a prominent aggregator of Amazon third-party sellers, is experiencing a significant loss as its CEO, Greg Greeley, and five other senior executives have decided to step down. This decision comes at a challenging time for the company, which recently filed for bankruptcy. In an internal memo obtained by CNBC, Greeley announced his resignation, along
The CEO of Norges Bank Investment Management (NBIM), Nicolai Tangen, has expressed concern over the potential impact of a commodities rally on the inflation outlook. He highlighted the sharp increase in energy and raw material prices, which could pose a significant challenge for major central banks as they strive to combat inflation. Tangen emphasized the
Block, formerly known as Square, is delving deeper into the world of bitcoin mining. Jack Dorsey, the CEO of the company, recently announced that they are not just stopping at designing chips, but are now in the process of developing a full bitcoin mining system. This move marks a significant shift in the company’s strategy
The recent parliamentary election in the Maldives has solidified President Mohamed Muizzu’s ruling party’s dominance, with the People’s National Congress securing 65 out of 93 seats. This landslide victory is expected to further propel the country towards aligning itself more closely with China, signaling a departure from its historical ties with India. The outcome of
President Joe Biden’s recent proposal to make community college tuition-free has reignited the conversation around the affordability of higher education. While some experts argue that free college is a more effective way to address the college affordability crisis compared to loan forgiveness, others believe it is merely a temporary solution. The question remains: is free
The devastating incident that unfolded outside the courthouse where former President Donald Trump’s hush money trial was taking place has left a deep impact on everyone involved. A man by the name of Maxwell Azzarello set himself on fire in the designated protest area, resulting in his tragic death. Despite efforts made by bystanders, court