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Wednesday, October 7, 2026
Norway
country in Northern Europe
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In brief
Norway raised its policy rate to 4.5% and said borrowing costs may stay high, while Sweden held at 1.75% but signaled a likely increase before year-end. Both moves reflect concern that energy-price pressures could keep inflation elevated.
“It’s an absolutely sh*t situation.” That is the assessment of Norway’s energy minister, Terje Aasland, about his country’s electricity costs rising to record levels due to its exports of power to the United Kingdom…
NATO allies Britain, Norway and the United States stopped Russian submarines from completing a covert drill near Svalbard in which Moscow’s GUGI agency simulated deploying a device to disable critical undersea cables; no cables were harmed as the vessels withdrew, underscoring Western alarm about Russia potentially targeting communications in a future conflict. The incident highlights the strategic Bear Gap corridor and ongoing concerns that Russia could escalate sabotage operations and test NATO’s Article 5 commitment.
Norway bids farewell to King Harald V, 'grandfather' of the nation
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Carnival results lift Norwegian cruise stock 5 percent
Carnival shares jumped 12% on Sept. 29, 2026 after $1.43 adjusted EPS beat estimates; CEO Josh Weinstein said Americans now treat vacations as sacrosanct.
Sep 30, 2026
More
Prince William to represent King Charles at King Harald V funeral
Sep 9, 2026
Norway's King Harald V Dies; Haakon Becomes King
Aug 28, 2026
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Aug 24, 2026
Norway’s $1.6 Trillion Wealth Fund Opposes Elon Musk’s Record Tesla Pay Deal
Nov 4, 2025
Luxury Cruise Struck With Stomach Bug
Jul 2, 2026