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Oslo: Norway’s central bank is poised to slow the pace of monetary tightening this week in what may prove its penultimate step in this hiking cycle. Norges Bank will probably raise the benchmark deposit rate by 25 basis points to 4% – the highest level since the 2008 financial crisis, according to all 17 economists in a Bloomberg survey. Having already increased borrowing costs 375 basis points since September 2021, officials meet against the backdrop of favourable inflation data and a rebound i

Oslo: Norway’s central bank is poised to slow the pace of monetary tightening this week in what may prove its penultimate step in this hiking cycle. Norges Bank will probably raise the benchmark deposit rate by 25 basis points to 4% – the highest level since the 2008 financial crisis, according to all 17 economists in a Bloomberg survey. Having already increased borrowing costs 375 basis points since September 2021, officials meet against the backdrop of favourable inflation data and a rebound i

10( Xinhua)--Norway's consumer price index( CPI), a crucial measure of inflation, surged by 5.5 percent in 2023 compared to the previous year.... Even traditionally less volatile categories like milk, cheese, and eggs saw a notable increase of 7.6 percent.... This could potentially lead to further price increases if businesses transfer increased labor costs to their customers, said SSB. Meanwhile, last year saw a 7 percent decrease in prices for energy goods compared to 2022....

Voting is underway in Norway, in a parliamentary election that has focused largely on climate change and economic inequality. Norway is western Europe’s biggest producer of oil, exporting more than four million barrels of oil equivalent per day.... Depending on the polls, however, he may end up dependent on the Red Party, which wants social change based on Leninist ideology, or the Green Party, which hopes to stop all of Norway’s oil production by 2035.... Mr Stoere has also not ruled out the

Today, 98 percent of food waste is turned into feed, compost or energy, according to the South Korean Ministry of Environment.... It achieved this by banning food scraps from landfills and mandating that all residents separate their food waste from their trash and recycling — and to pay for the service through fees and fines. South Korea is one of the few countries with a nationwide system for food-waste management.... Residents, who log their waste via a digital card, are charged by the month

Can you live in peace after an abusive relationship without fear?... Both legal and technical protections are necessary so that smartphone users can push back, they say. The Pillar alleged “ serial sexual misconduct ” by Burrill — homosexual activity is considered sinful under Catholic doctrine, and priests are expected to remain celibate.... The report said only that the data came from one of the data brokers that aggregate and sell app signal data, and that the publication also contracted an

Can you live in peace after an abusive relationship without fear?... Both legal and technical protections are necessary so that smartphone users can push back, they say. The Pillar alleged “ serial sexual misconduct ” by Burrill — homosexual activity is considered sinful under Catholic doctrine, and priests are expected to remain celibate.... He said someone looking to “ reverse engineer ” a particular person’s data from that bulk package could potentially get it from any of the many customers