Higher fuel prices in the wake of the Middle East war are reducing incentives to find other sources of economic growth
The Equinor ASA offshore oil drilling platform on Johan Sverdrup oil field in the North Sea, Norway, on Monday, Feb. 13, 2023. Equinor, Norway’s biggest oil and gas producer, said the second phase of its giant Johan Sverdrup field in the North Sea is now on stream.
The drawbacks to Iceland from having its own currency likely exceed the benefits, the country’s Finance Ministry said, citing the conclusions of a government-commissioned report.
The drawbacks to Iceland from having its own currency likely exceed the benefits, the country’s Finance Ministry said, citing the conclusions of a government-commissioned report.
A customer holds an Icelandic 5000 krona banknote in Reykjavik, Iceland, on Wednesday, Aug. 12, 2015. Iceland's economy will grow 4.2 percent this year, the central bank estimates, almost three times the rate the European Commission says the euro zone will manage.
The drawbacks to Iceland from having its own currency likely exceed the benefits, the country’s Finance Ministry said, citing the conclusions of a government-commissioned report.
The drawbacks to Iceland from having its own currency likely exceed the benefits, the country’s Finance Ministry said, citing the conclusions of a government-commissioned report.
A customer holds an Icelandic 5000 krona banknote in Reykjavik, Iceland, on Wednesday, Aug. 12, 2015. Iceland's economy will grow 4.2 percent this year, the central bank estimates, almost three times the rate the European Commission says the euro zone will manage.
Denmark’s economy grew for a fourth straight quarter mainly on the strength of its pharmaceuticals industry, highlighting the Nordic nation’s relative resilience as it braces for the fallout from the Iran war.
Denmark’s economy grew for a fourth straight quarter mainly on the strength of its pharmaceuticals industry, highlighting the Nordic nation’s relative resilience as it braces for the fallout from the Iran war.
The Novo Nordisk A/S headquarters in Bagsvaerd, Denmark.
Sweden’s central bank will probably raise borrowing costs by 25 basis points in the final quarter of this year, earlier than previously seen, according to a Bloomberg survey.
Sweden’s central bank will probably raise borrowing costs by 25 basis points in the final quarter of this year, earlier than previously seen, according to a Bloomberg survey.
Norges Bank delivered western Europe’s first hike in borrowing costs since the outbreak of the Iran war, opting for immediate action to tackle stubbornly high inflation.
Norges Bank delivered western Europe’s first hike in borrowing costs since the outbreak of the Iran war, opting for immediate action to tackle stubbornly high inflation.
Central banks in Sweden and Norway are both set to keep borrowing costs steady this week, albeit against inflation backdrops that contrast starkly between each neighbor.
Central banks in Sweden and Norway are both set to keep borrowing costs steady this week, albeit against inflation backdrops that contrast starkly between each neighbor.
The European Central Bank will probably increase borrowing costs if the Iran war persists, according to outgoing Governing Council member Madis Muller.
The European Central Bank will probably increase borrowing costs if the Iran war persists, according to outgoing Governing Council member Madis Muller.
The European Central Bank will probably increase borrowing costs if the Iran war persists, according to outgoing Governing Council member Madis Muller.
The European Central Bank will probably increase borrowing costs if the Iran war persists, according to outgoing Governing Council member Madis Muller.
A euro symbol statue at the ECB headquarters in Frankfurt.
Norway’s wealth fund lost 1.9% in the first quarter, dragged down by investments in US technology stocks as the war in the Middle East rattled markets.
Norway’s wealth fund lost 1.9% in the first quarter, dragged down by investments in US technology stocks as the war in the Middle East rattled markets.
Norges Bank Investment Management deputy CEO Trond Grande, left, and CEO Nicolai Tangen in January.
Norway’s wealth fund lost 1.9% in the first quarter, dragged down by investments in US technology stocks as the war in the Middle East rattled markets.
Norway’s wealth fund lost 1.9% in the first quarter, dragged down by investments in US technology stocks as the war in the Middle East rattled markets.
Norges Bank Investment Management deputy CEO Trond Grande, left, and CEO Nicolai Tangen in January.
Nordea Bank Abp’s rates traders were wrong-footed in March when the Iran war caused a rapid change in the market outlook for monetary policies.
A pedestrian passes a Nordea Bank Abp bank branch in Stockholm, Sweden, on Monday, Sept. 21, 2020. Finance Minister Magdalena Andersson said Sweden’s fiscal policy was entering a new phase as she presented a 2021 budget with $12 billion in extra spending and tax cuts to get the wheels of the coronavirus-struck economy turning again. Photographer: Mikael Sjoberg/Bloomberg
The jobless rate jumped last month in Sweden and Finland as a weaker global outlook undermines the recovery in two of the European Union’s worst-performing labor markets.
The jobless rate jumped last month in Sweden and Finland as a weaker global outlook undermines the recovery in two of the European Union’s worst-performing labor markets.
Commuters walk along a pedestrian street in Helsinki, Finland.
Norway’s crude exports surged to a record by value last month due to the outbreak of the war in the Middle East, helping to raise the country’s trade surplus to the highest level in more than three years.
Norway’s crude exports surged to a record by value last month due to the outbreak of the war in the Middle East, helping to raise the country’s trade surplus to the highest level in more than three years.
The largest energy exporter in western Europe was helped by natural gas prices climbing as the Iran war hit supplies.
Norway’s crude exports surged to a record by value last month due to the outbreak of the war in the Middle East, helping to raise the country’s trade surplus to the highest level in more than three years.
Norway’s crude exports surged to a record by value last month due to the outbreak of the war in the Middle East, helping to raise the country’s trade surplus to the highest level in more than three years.
The largest energy exporter in western Europe was helped by natural gas prices climbing as the Iran war hit supplies.
Norway’s largest trade unions reached a wage deal with employers for private-sector workers, preventing a strike in western Europe’s top energy exporter.
Norway’s largest trade unions reached a wage deal with employers for private-sector workers, preventing a strike in western Europe’s top energy exporter.
Commuters pass "The Tiger" statue near Oslo central station in Oslo, Norway, on Monday, Sept. 9, 2024. Norway’s underlying inflation rate declined for the 10th month in a row in August, keeping the door open for an interest-rate cut this year by the country’s central bank.
Norway’s largest trade unions reached a wage deal with employers for private-sector workers, preventing a strike in western Europe’s top energy exporter.
Norway’s largest trade unions reached a wage deal with employers for private-sector workers, preventing a strike in western Europe’s top energy exporter.
Commuters pass "The Tiger" statue near Oslo central station in Oslo, Norway, on Monday, Sept. 9, 2024. Norway’s underlying inflation rate declined for the 10th month in a row in August, keeping the door open for an interest-rate cut this year by the country’s central bank.
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