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Artificial intelligence has been all the rage in financial markets in recent days after DeepSeek announced a new AI model that rivals OpenAI at a surprisingly low cost.
While the revelation from the Chinese startup has been a major hiccup for US stocks in the near term, President Donald Trump said it will only prove to be a tailwind for the AI space at large.
His recent comment bodes well not just for the AI stocks but other platforms committed to leveraging artificial intelligence as well – and that includes the up-and-coming iDEGEN.
Could DeepSeek be a tailwind for iDEGEN?
Global artificial intelligence stocks tanked in an initial response to DeepSeek as its latest model questions if high-end chips and advanced resources are required to build and operate AI.
However, the US President dubbed it a “wake-up” call for the US based tech companies and urged their executives to focus on innovation in order to stay competitive in this fast-growing market.
What that means is: capital is perhaps going to continue to pour into AI projects in pursuit of building even more powerful models and expanding use cases.
After all, Statista forecasts this market to grow at a compound annualised rate of more than 27% through the end of this decade. So, it’s a given that the AI market is still in its early innings only.
That makes investing in iDEGEN today an exciting proposition since some of that capital could very well find its way to this artificial intelligence enabled platform.
If you’d like to know more about iDEGEN and explore the opportunity of investing in its native crypto token, click here to visit the project website now.
Should you invest in iDEGEN in 2025?
iDEGEN is an AI meme coin that’s turned quite a few heads in recent weeks.
Its ongoing presale has already raised more than $18 million, suggesting the investment community is super interested in this crypto project that simultaneously offers exposure to artificial intelligence as well.
iDEGEN relies on AI to learn from what the community is posting and commenting on “X” – the social media website that Elon Musk bought for $44 billion in 2022.
Following the presale, this meme coin will list on a crypto exchange, potentially attracting a lot more investors to eventually command a higher price tag.
All in all, iDEGEN may be worth investing this year since it could benefit as the US President Donald Trump continues to deliver on his promise of making America the leader in emerging technologies, including artificial intelligence and cryptocurrencies.
If you have caught an interest in building an early position in iDEGEN, click here to explore ways to participate in its presale today.
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The US Food and Drug Administration (FDA) has elevated its recall of Lay’s Classic Potato Chips to a “Class 1” alert, its most severe classification, due to the presence of undeclared milk.
The FDA first announced on December 18, 2024, that Frito-Lay issued a recall on a “limited number” of the 13 oz bags of chips.
The recall affects 6,344 bags of the 13-ounce Lay’s Classic potato chips sold in retail and online stores.
These Lay’s Classic Potato Chips bags were recalled because they “may contain undeclared milk,” which Frito-Lay learned “after being alerted through a consumer contact.”
The affected chips, distributed in Washington and Oregon, pose significant risks to individuals with allergies or severe sensitivities to milk.
According to the FDA, milk is one of eight “major food allergens” that require clear labeling due to the potential for severe reactions.
Symptoms of milk allergies can range from hives, cramps, and dizziness to more dangerous outcomes, such as swollen vocal cords or unconsciousness.
The FDA emphasized the seriousness of the situation, stating that consuming the affected product could lead to “serious adverse health consequences or death.”
How to identify the recalled chips?
The recalled chips can be identified by the “guaranteed fresh” date of February 11 and manufacturing codes “6462307xx” or “6463307xx.”
Frito-Lay has assured customers that this is an isolated incident and that no other Lay’s flavors, sizes, or variety packs are involved.
In a statement, the company confirmed that no allergic reactions tied to the recall have been reported so far.
Consumers who purchased the affected chips are advised to dispose of them immediately, especially if they or someone in their household has a milk allergy.
Those seeking refunds or additional information can contact Frito-Lay directly or return the product to the point of purchase.
Growing concerns over undeclared allergens
The Lay’s chips recall is part of a broader issue of undeclared allergens in food products, which has been a growing concern for regulators and consumers alike.
The FDA recently issued a Class I recall for 12-ounce bags of Marketside Broccoli Florets sold at Walmart, following concerns over potential contamination with Listeria monocytogenes.
Produced by Braga Fresh, the ready-to-eat broccoli was distributed to Walmart stores across 20 states, including Alaska, Arizona, California, Texas, and Ohio, among others.
Earlier this month, the FDA recalled several other items for similar issues, including NuGo Granola Bars, Pearl Milling Company Pancake & Waffle Mix, and Monkey Spit Barbecue Sauces.
Undeclared milk and other allergens such as wheat, soy, eggs, and almonds have been at the center of numerous recalls, raising questions about food safety standards and labeling transparency.
As food safety remains a priority, the FDA continues to monitor and enforce compliance with labeling regulations to protect consumers from potential health risks.
The agency has urged manufacturers to adopt more rigorous quality control measures to prevent such issues from recurring.
For now, consumers in Washington and Oregon should remain cautious and discard the affected Lay’s chips immediately.
The post Lay’s potato chips recall: undeclared milk prompts action—what you need to know appeared first on Invezz
A stampede broke out at the ongoing mega Hindu religious gathering of Mahakumbh in India’s Prayagraj during the early hours of Wednesday, reportedly killing dozens, as tens of millions of devotees descended on the holy city to bathe on Mauni Amavasya- the most sacred bathing day of the festival.
According to The Guardian, local officials counting casualties into hospital tents said at least 38 were feared dead while other officials and doctors have given death tolls ranging from 15 to 50.
News agency AFP quoted a doctor saying that 15 people had died in the stampede so far.
Speaking to reporters on Wednesday, Uttar Pradesh chief Yogi Adityanath did not acknowledge any fatalities at the festival.
“Between 1am and 2am in the night, some devotees tried to cross over the barricades which were set up for the designated area for the akharas [monastic sects of warrior sadhus, or holy men] to take a bath. That caused some injuries to devotees who were immediately referred to hospital for treatment,” he said.
However, Indian Prime Minister Narendra Modi mourned the loss of lives in a post on X:
“My deepest condolences are with the devotees who have lost their loved ones during the mishap at Prayagraj Mahakumbh…”
How did the stampede-like situation unfold?
The Amrit Snan, or the ‘holy bath,’ on Mauni Amavasya is considered the most important ritual at Maha Kumbh, with around 10 crore pilgrims expected to attend.
Despite the stampede -like situation early morning, over 4.2 crore devotees had taken the holy bath on Wednesday alone.
Vivek Mishra, a social media content creator based in Prayagraj, told Hindustan Times that the stampede took place at around 2.30 am when a large number of devotees reached the Sangam banks.
The problem, Mishra said, was mainly because the crowd had no idea where to go after bathing. “These people were carrying heavy luggage on their heads. There were a large number of iron dustbins that could not be seen by pilgrims. A few people fell as they lost balance,” he said.
The Guardian said according to accounts by devotees, one of the worst crushes occurred after large numbers went down to the river to bathe, while others were sleeping on the floor around the congested riverbank.
“As the crowd surged in multiple directions, people began to push their way out and many began to fall to the floor, pushing over barriers and trampling each other. Another crowd crush was reported to have taken place around one of the entrances to the festival.”
An official told The Indian Express, “The barricading system was not very effective in crowd management and because of that people had to walk longer distances. Many were agitated over the last several days. There were choke points which were created because of these diversions….During the ‘Shahi Snan, chaos erupted and police had to wade into the waters to manage the huge crowd.”
Current situation and scale of the Maha Kumbh
Earlier in the morning, akharas called off Mauni Amavasya ‘Amrit Snan’ after the stampede incident at the festival.
However, by noon, as the situation was brought relatively under control, with the injured taken for treatment, officials said conditions were conducive for the Amrit Snan.
“People are bathing at all the ghats here peacefully… In the morning, there was pressure and a huge crowd. Many Akharas told us to regulate the crowd and that they would come out for the snan later. Now that the crowd is under control, our preparations for the Akharas and saints are in place,” Vaibhav Krishna, DIG Mahakumbh told news agency ANI.
Meanwhile, condolences poured in from across the political spectrum with leaders morning the loss of lives at the festival.
More than 400 million people, the biggest crowd in its history, are expected to attend this year’s Kumbh Mela festivities, held over 45 days in Prayagraj in India’s northern state of Uttar Pradesh.
According to state government data, until January 28, close to 20 crore people have already taken a holy bath at the festival.
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President Donald Trump has recently urged the US based technology companies to focus on innovation to remain competitive.
His comment has been associated primarily to artificial intelligence, considering it came after the launch of DeepSeek’s new model that wiped billions off American AI stocks.
But more broadly, it’s reasonable to believe that by “innovation”, the US President meant cryptocurrencies as well, given his broader commitment to making the country a leader in emerging technologies.
So, it may be wise to park some of your capital in cryptocurrencies this year, particularly ones that have been seeing strong demand lately like Dogizen.
Why is Dogizen a good pick under Trump 2.0
Donald Trump promised a crypto-friendly government during his presidential campaign in 2024.
More importantly, his recent moves indicate he’s fully committed to making good on his promises. He has already passed the first set of crypto orders aimed at building a comprehensive framework to regulate digital assets.
This will help add another layer of legitimacy to cryptocurrencies that may eventually translate to increased institutional investments and mainstream adoption.
So, the macro backdrop looks encouraging for those interested in building an early position in Dogizen in 2025. It’s a particularly reasonable pick for global investors that are somewhat restricted in terms of capital.
The native Dogizen coin is currently going for $0.00085 only at the time of writing. Click here if you’d like to learn more about this meme coin that has set out to unlock the next generation of gaming today.
Dogizen has several project-specific tailwinds as well
The best part of investing in Dogizen is that it doesn’t rely entirely on the macro environment.
There are sufficient project-specific tailwinds that could drive the price of its native token up in the coming months as well. For example, the devs have decided to end the ongoing presale on February 7.
It could prove to be a meaningful tailwind for Dogizen as it sets the meme coin up for a FOMO-driven rally.
Plus, it’ll go live on a crypto exchange following the presale which tends to boost access. As more investors turn to a listed coin, its price often pushes further up and that too significantly.
Note that Dogizen already has a super strong community of more than 1 million users that’s fully committed to redefining the future of Telegram games.
Finally, while the US Federal Reserve may not lower interest rates further on January 29th, it’s broadly expected to signal further rate cuts for later in 2025 that could make risk-on assets like cryptocurrencies, including Dogizen, more attractive.
You can find more information about Dogizen and its native cryptocurrency on this link.
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Norway’s colossal $1.8 trillion sovereign wealth fund, one of the world’s largest, posted a robust 13% return in 2024, translating to a staggering $222 billion gain.
This impressive performance was largely fueled by the booming US technology sector.
However, despite this significant surge, the fund narrowly missed its self-imposed benchmark for the second consecutive year, illustrating the complexities of managing such a massive investment portfolio amidst fluctuating global markets.
The fund’s performance underscores both the potent force of tech stocks and the challenges of maintaining consistent returns in a dynamic financial landscape.
Tech triumphs, real estate retreats: a year of contrasts
Norges Bank Investment Management (NBIM), the official entity managing the fund, reported an 18% gain in equity investments for 2024.
This strong performance was primarily driven by American tech stocks.
However, a downturn in the value of its real estate holdings prevented the fund from meeting its benchmark by 45 basis points, revealing the diverse influences impacting its overall return.
“The American technology stocks in particular performed very well,” CEO Nicolai Tangen noted in a statement, underscoring the critical role of tech giants in the fund’s performance.
The fund’s results highlight how varied asset classes can perform in a single year, influencing an institution’s bottom line.
Contrarian views and economic concerns: Tangen’s perspective
Speaking at the World Economic Forum in Davos, Tangen highlighted the value of contrarian thinking in investment strategies.
He suggested that a potential second Trump administration, with its focus on deregulation and growth, could benefit US-based companies.
However, he also voiced concerns regarding potential inflationary risks associated with tariffs and restrictions on labor mobility, coupled with high levels of government debt.
Tangen’s remarks offer a glimpse into the sophisticated analysis and risk assessment processes that underpin NBIM’s approach to global investing.
A global index tracker with strategic flexibility
While NBIM primarily functions as an index tracker with a strict investment mandate overseen by Norway’s finance ministry, the fund also strategically uses its limited leeway to optimize returns.
With holdings averaging about 1.5% of all the world’s listed companies, NBIM has the capacity to influence global financial markets.
Founded in the early 1990s, this fund is tasked with investing Norway’s oil and gas revenues abroad for long-term growth.
Having begun with about $300 million, NBIM is now the largest single owner of equities in the world.
The fund measures its performance against a benchmark based on the FTSE Global All Cap Index for equities and Bloomberg Barclays indexes for fixed income.
Asset class performance and ongoing deposits
Beyond its equity performance, the fund saw a 1% gain in its fixed-income investments.
However, its unlisted real estate holdings declined by 1%, while unlisted renewable-energy infrastructure investments experienced a 10% drop.
The Norwegian government added 402 billion kroner ($35.6 billion) to the fund in 2024.
These additional deposits highlight the fund’s ongoing importance to Norway’s economic strategy and its continued growth despite volatile market conditions.
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Google’s maps division has reclassified the United States as a “sensitive country,” a designation it typically applies to nations with strict governments or border disputes, CNBC reported on Monday.
The change follows an executive order by President Donald Trump directing updates to official maps and federal communications, including renaming the Gulf of Mexico as the “Gulf of America” and reverting Mount Denali’s name to Mount McKinley.
According to internal correspondence viewed by CNBC, Google’s decision to no longer categorize the US as a “non-sensitive” country was communicated internally on Monday.
The company also announced that Google Maps would reflect the name change for the Gulf of Mexico after the administration’s updates take effect in official government sources.
Big Tech in Trump 2.0
Since the beginning of the year, several major tech firms, including Meta, TikTok, and Amazon, have adjusted their platforms in response to administration policies and executive orders.
Trump has had a contentious relationship with Silicon Valley, frequently criticising the sector during his first term and 2024 campaign.
For instance, in September, Trump had threatened legal action against Google, alleging it promoted negative coverage of his campaign.
Now, he acknowledges the change in dynamic, stating, “The first time everybody was fighting me… This time everyone wants to be my friend.”
The change comes as tech executives, including Google CEO Sundar Pichai, have sought to strengthen ties with the administration, with several attending Trump’s inauguration.
Several of the Big Tech names such as Microsoft, Meta, Apple and Google also donated to Trump’s inauguration fund.
Google’s list of “sensitive countries”
Google’s list of “sensitive countries” includes China, Russia, Israel, Saudi Arabia, and Iraq, among others.
The classification is also applied to countries with “unique geometry or unique labelling,” according to internal communications reviewed by CNBC.
The US and Mexico are the latest additions to this list.
A Google spokesperson described the designation as a technical configuration indicating that certain map labels in the country differ from those in other regions, as per the report.
It remains unclear whether the reclassification applies beyond Google’s Geo division.
A rare high-priority “P0” order was issued for the updates, instructing Google Maps employees to implement the changes immediately, internal documents indicate.
The directive instructed teams to handle the Gulf of America label similarly to how the Persian Gulf appears as the Arabian Gulf in certain countries.
In a post on X, Google stated, “We have a longstanding practice of applying name changes when they have been updated in official government sources.”
The company added that the Gulf of Mexico name would remain visible to users in Mexico, while users in other countries would see both names.
Google has previously updated Maps to reflect government-sanctioned name changes, including the Obama administration’s 2015 decision to rename Mount McKinley as Denali.
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A federal judge temporarily blocked part of the Trump administration’s plan to freeze all federal aid, a move that had raised concerns among charities and educators.
US District Judge Loren L. AliKhan issued the ruling on Tuesday afternoon, preventing the government from halting funding for “open awards” already granted by the federal government.
The stay will last until at least Monday, February 3.
The judge’s administrative stay aims to preserve the status quo while she considers a challenge brought by a group of non-profits against the administration’s plan.
Non-profits, including the National Council of Nonprofits and the American Public Health Association, filed a lawsuit seeking to block the funding freeze, arguing that the OMB had no legal authority to implement the pause.
AliKhan expressed uncertainty about the full scope of the programs that would be affected by the freeze.
Trump’s move to freeze aid
On Monday, the White House Office of Management and Budget (OMB) ordered a temporary halt to all federal grants and loans, according to an internal memo.
The White House’s freeze also extends to various government programs, including foreign aid, diversity initiatives, and climate policy, according to the memo.
Agencies were required to submit details on over 2,000 programs under review, including funding for public health, education, and social services.
The memo required federal agencies to pause all activities related to the disbursement of financial assistance, although it specified that Social Security and Medicare benefits, as well as “assistance provided directly to individuals,” would not be affected.
The announcement caused concern across organizations that depend on federal funding, but the White House sought to ease worries, clarifying that the freeze was not as sweeping as it appeared.
“This is not a blanket pause on federal assistance and grant programs from the Trump administration,” White House Press Secretary Karoline Leavitt said in a briefing.
The freeze also disrupted several programs that rely on federal grants, including Head Start, which serves low-income children, and Meals on Wheels, which provides meals to vulnerable seniors.
The National Association of County and City Health Officials warned that the pause could severely impact local health departments.
She added that the pause was focused on Democratic priorities rather than a comprehensive cut, with agencies able to make a case to retain funding.
The freeze initially caused disruptions in state Medicaid systems, temporarily preventing access to federal funds for the program that covers over 72 million low-income Americans.
However, by the afternoon, several states regained access to the funding system, and Leavitt confirmed no payments had been affected.
The OMB later issued a Q&A confirming that mandatory programs like Medicaid and SNAP (food stamps) would continue without pause.
Challenges to Trump’s orders
Democratic lawmakers quickly criticised the freeze, with Senator Ron Wyden of Oregon accusing the Trump administration of attempting to strip health insurance from millions of Americans.
Sen. Patty Murray and Rep. Rosa DeLauro, expressed alarm over the broad scope of the freeze, urging the administration to uphold federal law and ensure the continued delivery of resources.
Senate Minority Leader Chuck Schumer also criticized the pause, warning that it could lead to significant disruptions in funding for essential services.
Trump’s executive order is also facing another legal challenge, this one from Democratic state attorneys general.
They argue that the freeze violates the US Constitution and could have severe consequences for states that rely heavily on federal aid.
Federal grants and loans support a wide range of essential programs, from education and health care to infrastructure and disaster relief, with hundreds of billions of dollars at stake.
The proposed cuts could also impact Republican-leaning states, where residents are significant beneficiaries of key federal programs.
The post Trump’s federal aid freeze faces legal setback as judge issues stay appeared first on Invezz
A stampede broke out at the ongoing mega Hindu religious gathering of Mahakumbh in India’s Prayagraj during the early hours of Wednesday, reportedly killing dozens, as tens of millions of devotees descended on the holy city to bathe on Mauni Amavasya- the most sacred bathing day of the festival.
According to The Guardian, local officials counting casualties into hospital tents said at least 38 were feared dead while other officials and doctors have given death tolls ranging from 15 to 50.
News agency AFP quoted a doctor saying that 15 people had died in the stampede so far.
Speaking to reporters on Wednesday, Uttar Pradesh chief Yogi Adityanath did not acknowledge any fatalities at the festival.
“Between 1am and 2am in the night, some devotees tried to cross over the barricades which were set up for the designated area for the akharas [monastic sects of warrior sadhus, or holy men] to take a bath. That caused some injuries to devotees who were immediately referred to hospital for treatment,” he said.
However, Indian Prime Minister Narendra Modi mourned the loss of lives in a post on X:
“My deepest condolences are with the devotees who have lost their loved ones during the mishap at Prayagraj Mahakumbh…”
How did the stampede-like situation unfold?
The Amrit Snan, or the ‘holy bath,’ on Mauni Amavasya is considered the most important ritual at Maha Kumbh, with around 10 crore pilgrims expected to attend.
Despite the stampede -like situation early morning, over 4.2 crore devotees had taken the holy bath on Wednesday alone.
Vivek Mishra, a social media content creator based in Prayagraj, told Hindustan Times that the stampede took place at around 2.30 am when a large number of devotees reached the Sangam banks.
The problem, Mishra said, was mainly because the crowd had no idea where to go after bathing. “These people were carrying heavy luggage on their heads. There were a large number of iron dustbins that could not be seen by pilgrims. A few people fell as they lost balance,” he said.
The Guardian said according to accounts by devotees, one of the worst crushes occurred after large numbers went down to the river to bathe, while others were sleeping on the floor around the congested riverbank.
“As the crowd surged in multiple directions, people began to push their way out and many began to fall to the floor, pushing over barriers and trampling each other. Another crowd crush was reported to have taken place around one of the entrances to the festival.”
An official told The Indian Express, “The barricading system was not very effective in crowd management and because of that people had to walk longer distances. Many were agitated over the last several days. There were choke points which were created because of these diversions….During the ‘Shahi Snan, chaos erupted and police had to wade into the waters to manage the huge crowd.”
Current situation and scale of the Maha Kumbh
Earlier in the morning, akharas called off Mauni Amavasya ‘Amrit Snan’ after the stampede incident at the festival.
However, by noon, as the situation was brought relatively under control, with the injured taken for treatment, officials said conditions were conducive for the Amrit Snan.
“People are bathing at all the ghats here peacefully… In the morning, there was pressure and a huge crowd. Many Akharas told us to regulate the crowd and that they would come out for the snan later. Now that the crowd is under control, our preparations for the Akharas and saints are in place,” Vaibhav Krishna, DIG Mahakumbh told news agency ANI.
Meanwhile, condolences poured in from across the political spectrum with leaders morning the loss of lives at the festival.
More than 400 million people, the biggest crowd in its history, are expected to attend this year’s Kumbh Mela festivities, held over 45 days in Prayagraj in India’s northern state of Uttar Pradesh.
According to state government data, until January 28, close to 20 crore people have already taken a holy bath at the festival.
The post Maha Kumbh Mela stampede: dozens feared dead at religious festival in India appeared first on Invezz
Norway’s colossal $1.8 trillion sovereign wealth fund, one of the world’s largest, posted a robust 13% return in 2024, translating to a staggering $222 billion gain.
This impressive performance was largely fueled by the booming US technology sector.
However, despite this significant surge, the fund narrowly missed its self-imposed benchmark for the second consecutive year, illustrating the complexities of managing such a massive investment portfolio amidst fluctuating global markets.
The fund’s performance underscores both the potent force of tech stocks and the challenges of maintaining consistent returns in a dynamic financial landscape.
Tech triumphs, real estate retreats: a year of contrasts
Norges Bank Investment Management (NBIM), the official entity managing the fund, reported an 18% gain in equity investments for 2024.
This strong performance was primarily driven by American tech stocks.
However, a downturn in the value of its real estate holdings prevented the fund from meeting its benchmark by 45 basis points, revealing the diverse influences impacting its overall return.
“The American technology stocks in particular performed very well,” CEO Nicolai Tangen noted in a statement, underscoring the critical role of tech giants in the fund’s performance.
The fund’s results highlight how varied asset classes can perform in a single year, influencing an institution’s bottom line.
Contrarian views and economic concerns: Tangen’s perspective
Speaking at the World Economic Forum in Davos, Tangen highlighted the value of contrarian thinking in investment strategies.
He suggested that a potential second Trump administration, with its focus on deregulation and growth, could benefit US-based companies.
However, he also voiced concerns regarding potential inflationary risks associated with tariffs and restrictions on labor mobility, coupled with high levels of government debt.
Tangen’s remarks offer a glimpse into the sophisticated analysis and risk assessment processes that underpin NBIM’s approach to global investing.
A global index tracker with strategic flexibility
While NBIM primarily functions as an index tracker with a strict investment mandate overseen by Norway’s finance ministry, the fund also strategically uses its limited leeway to optimize returns.
With holdings averaging about 1.5% of all the world’s listed companies, NBIM has the capacity to influence global financial markets.
Founded in the early 1990s, this fund is tasked with investing Norway’s oil and gas revenues abroad for long-term growth.
Having begun with about $300 million, NBIM is now the largest single owner of equities in the world.
The fund measures its performance against a benchmark based on the FTSE Global All Cap Index for equities and Bloomberg Barclays indexes for fixed income.
Asset class performance and ongoing deposits
Beyond its equity performance, the fund saw a 1% gain in its fixed-income investments.
However, its unlisted real estate holdings declined by 1%, while unlisted renewable-energy infrastructure investments experienced a 10% drop.
The Norwegian government added 402 billion kroner ($35.6 billion) to the fund in 2024.
These additional deposits highlight the fund’s ongoing importance to Norway’s economic strategy and its continued growth despite volatile market conditions.
The post Norway’s $1.8 trillion fund surges 13% on tech boom, but misses target appeared first on Invezz