Bankrupt airline Sterling grounds all flights
October 29, 2008Low-fare Scandinavian airline Sterling couldn't cope with high fuel costs and the turmoil in financial markets. Its grounding of all flights on Wednesday has stranded ticket-holders.
Central bank cuts rates again
October 29, 2008Norway's central bank lowered its key lending rate on Wednesday, just two weeks after a similar cut. The goal is to ease a credit crunch, and stimulate lending activity that has all but dried up.
Personalized plates finally come to Norway
October 28, 2008Nearly forty years after they debuted in places like California, personalized license plates can soon start adorning cars in Norway. Some Norwegians are already calling them an "ego trip," others think they'll just be plain fun.
Money courier van robbed
October 28, 2008Police launched a major search in downtown Oslo on Tuesday for as many as five persons who broke into a money courier van and made off with an undetermined amount of cash.
Bank crisis plan approved
October 28, 2008A government plan to boost liquidity in the Norwegian banking sector has won approval in parliament, with politicians hoping it will help lower interest rates and unclog the country's credit system.
Storms give way to sunshine, but maybe some snow, too
October 28, 2008Strong winds and rain lashed most of southern Norway over the weekend, closing roads, flooding some streets and canceling ferry routes. Many areas were still mopping up on Monday.
Norway boosts aid to Iceland
October 28, 2008The prime ministers of all five Nordic countries were meeting in Finland on Monday, to discuss the ongoing financial crisis. Norway planned to offer bigger loans to Iceland.
Stock index hit new lows
October 28, 2008Shares traded on the Oslo Stock Exchange took yet another beating during most of Monday, getting the week off to a bleak start. There was some recovery later in the day.
When the going gets tough, Norway's 'tough' go hiking
October 28, 2008Never have so many Norwegians headed for the hills as when Oslo's stock market has been taking a dive. With the economy heading into a severe downturn, Norwegians seem to be looking to the mountains for an upturn.
No end to train trouble
October 28, 2008Officials running Norway's beleaguered train system, both commuter lines and long-distance service, are being called into the Transport Minister's office once again, to account for the ongoing delays and cancellations that cause endless frustration for passengers.
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