In a significant development, Romania, a NATO member, has grounded its entire fleet of MiG 21 LanceR fighter aircraft and will speed up a planned purchase of second-hand F-16s from Norway, said its defence ministry. The Russia Ukraine war is… Read More ›
In a statement the European Union said, it has joined members of the Council of the Baltic Sea States (CBSS) in suspending Russia and Belarus from the Council’s activities. “This decision is a part of the European Union’s and like-minded… Read More ›
On Wednesday, New Zealand’s central bank said, it has hiked interest rates for the first time in seven years while signalling further tightening in the coming days in an effort to cool inflationary pressures. The 25 basis point rate hike… Read More ›
According to a news bulletin from Sweden’s TV4, Stockholm is set to sign a defence cooperation agreement with Denmark and Norway in an effort to counter a deteriorating security situation in the Baltic region. Although Sweden is not a NATO… Read More ›
In a statement British engine maker Rolls-Royce said, it had paused the planned sale of its Bergen Engines to a company controlled by Russia’s TMH Group after an intervention by Norway. Norway’s NSM security agency is assessing the $178 million… Read More ›
On Tuesday, Panasonic Corp raised its full-year operating profit forecast by more than 50% on the back of heightened demand for its batteries from pandemic-driven purchases of home appliances, sales of 5G equipment and Tesla Inc cars. The strong performance… Read More ›
In a statement on Monday, Norway’s health minister said, Flights from Britain to Norway will be suspended with immediate effect for a minimum of 48 following the discovery of a new strain of the coronavirus. On Saturday, British Prime Minister… Read More ›
In a statement, Swedish car dealership chain Bilia said, it has received a notice of termination for its dealer agreements with Volvo Cars in Norway and Sweden. The termination, which has a notice period of two years, covers both Bilia’s… Read More ›
On Thursday, in a statement the Hungarian government stated, it plans on purchasing NASAMS air defense systems from Norway’s Kongsberg and from Raytheon, a U.S. company. The delivery for the same is scheduled for 2023.
While reporting its third quarter results, Norwegian Air, which likes its peers has been ravaged by the coronavirus-induced COVID-19 pandemic which has brought the global travel industry to a standstill, said it is likely to run out of cash in… Read More ›
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