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Norway’s sovereign wealth fund — the largest in the world — said Thursday that its investment portfolio delivered a loss of $30 billion in the third quarter, as rising interest rates dented returns on its bond holdings.
Norges Bank Investment Management (NBIM), which manages the $2.3 trillion fund, said the accounting return for the period was a loss of 278 billion kroner ($29.7 billion). Around 70% of NBIM’s fixed income portfolio is allocated to government bonds, with the remainder invested in corporate debt.
Read more: https://t.co/QNlRLGHuVD
@HansL16@ttt_financial oups…Post hier übersehen…ja unabhängig durch Steinkohle dürften wir von 1945-1960 gewesen sein….in den letzten Jahren kam die weitere Abhängigkeit aber auch von China dazu…das wird hier gerne wohl vergessen
german statistics office „destatis“ says Germany imported oil from January to August with a value of EUR 30.0 bln > now guess which country is the biggest supplier?!…one hint…it‘s not Norway😜 #internationaltrade#oil#news#fxdirk#crude
@TSETS0 regarding physical AI we are not to bad with companies like Siemens or GFT or ….on top humanoid robots from Neura and and and….it not too bad like the press always draws it😊
Nvidia CEO Jensen Huang on Germany:
"Nothing pains me more, frankly, than to see one of the most technologically advanced countries to be left so far behind in technology.
And I think the reason for that is this: maybe it's the European way to overthink everything.
Germany has so much talent. Just get to work."
Amazon plans to invest more than €16 billion next year in Germany for operations including data centers, satellite program and Prime Video media production https://t.co/sHllB9K2B6
Elon Musk pledged to distribute a share of SpaceX to each American child after competitor Anthropic said it would set aside a portion of its shares for the public benefit. Read more: https://t.co/nunuSOY3VH
📷: Finn Gomez/Getty Images