Jens Stoltenberg, the former NATO Secretary General, has been appointed as the country’s new finance minister.
In a key development for Norway, Jens Stoltenberg, the former NATO Secretary General, has been appointed as the country’s new finance minister following a cabinet reshuffle.
Stoltenberg takes over the role at a critical time as Norway prepares for the potential economic consequences of a trade conflict between the U.S. and Europe, particularly the risk of a transatlantic trade war.
Stoltenberg, a well-respected figure in both national and international politics, served as Norway's prime minister twice—first from 2000 to 2001 and again from 2005 to 2013—before leading NATO for a decade. His time as NATO head saw him navigate significant challenges, including managing U.S. President Donald Trump's pressure on NATO allies to increase defence spending.
The veteran politician's appointment comes at a time when the Labour government has been struggling after the eurosceptic Centre Party quit the coalition in a dispute over European Union energy policies. With Stoltenberg's widespread popularity among Norwegians, both from his time at NATO and afterward, his appointment is expected to boost Labour’s prospects in the upcoming elections.
Stoltenberg's economic experience is also notable. As prime minister, he established the so-called spending rule, which limits the use of Norway’s sovereign wealth fund to no more than 4% of its total value in national budgets, ensuring long-term fiscal sustainability. Despite initial plans to become Norway’s central bank chief in 2022, Stoltenberg chose to remain at NATO at the request of U.S. President Joe Biden, further underscoring his international importance.
Norway leads the EV revolution: 9 out of 10 cars sold in 2024 were electric, driving the nation closer to its goal of fully electric new car sales by 2025.
A passenger plane skidded off the runway during an emergency landing in Norway. All 182 onboard were unharmed. This marks the third aviation incident in 24 hours.
The world’s largest sovereign wealth fund, valued at $1.8 trillion, is criticized for not meeting its climate goals, voting against 17 of 21 key climate resolutions this year, despite aiming for net-zero emissions by 2050 in line with the Paris Agreement.
Santorini shaken by ongoing tremors for six days, prompting thousands of tourists to evacuate. Authorities implement safety measures as seismic activity continues, raising fears of a major earthquake.
The U.S. Department of Defense is developing plans to withdraw all U.S. troops from Syria, NBC News reported on Wednesday, citing two U.S. defense officials.
Google has revised its AI principles, removing previous commitments not to develop artificial intelligence for weapons or surveillance technologies.
Belgian police are searching for suspects after a shooting near Clemenceau metro station in Brussels early Wednesday. Multiple stations have been closed, but no injuries were reported. Investigators are probing possible drug-related links.
Kazakhstan's Ministry of Transport has released the preliminary report on the investigation on Azerbaijan Airlines's flight J2-8243's tragic crash. Read excerpts from the report and watch AnewZ's complete coverage.
An American Airlines regional jet and a U.S. Army Black Hawk helicopter crashed into the Potomac River after a midair collision near Reagan Washington National Airport on Wednesday night, officials said.
The U.S. has officially entered a new trade war. President Donald Trump has slapped 25% tariffs on imports from Canada and Mexico and 10% on China, citing immigration and drug trafficking concerns. The move has immediate consequences for businesses and consumers—so what happens next?
Santorini shaken by ongoing tremors for six days, prompting thousands of tourists to evacuate. Authorities implement safety measures as seismic activity continues, raising fears of a major earthquake.
Belgian police are searching for suspects after a shooting near Clemenceau metro station in Brussels early Wednesday. Multiple stations have been closed, but no injuries were reported. Investigators are probing possible drug-related links.
French President Emmanuel Macron denied any “agreement” or “collusion” with the Swiss company Nestlé over the bottled water scandal.
Santorini shaken by ongoing tremors for six days, prompting thousands of tourists to evacuate. Authorities implement safety measures as seismic activity continues, raising fears of a major earthquake.
The U.S. Department of Defense is developing plans to withdraw all U.S. troops from Syria, NBC News reported on Wednesday, citing two U.S. defense officials.
Google has revised its AI principles, removing previous commitments not to develop artificial intelligence for weapons or surveillance technologies.
Belgian police are searching for suspects after a shooting near Clemenceau metro station in Brussels early Wednesday. Multiple stations have been closed, but no injuries were reported. Investigators are probing possible drug-related links.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment