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Norway's state fund 'needs to drop oil and gas investments'

Norway's state fund 'needs to drop oil and gas investments'

Business
Norway's government has been told its state-run fund should drop its investments in oil and gas stocks.Norges Bank manages Norway's $ 1 trillion (£758bn) sovereign wealth fund on behalf of the government.It said the step would make the country "less vulnerable to a permanent drop in oil and gas prices", and its advice was not based on a price forecast or the sector's sustainability.Around 6% of the fund, worth £28bn, is invested in oil and gas stocks."This advice is based exclusively on financial arguments and analyses of the government's total oil and gas exposure," said the bank's deputy governor Egil Matsen.Norges Bank's proposal must now be reviewed by Norway's Finance Ministry, which has said it will announce its own view in the autumn of next year.If it decides to back the central ba
Emotional toll of diabetes 'needs more recognition'

Emotional toll of diabetes 'needs more recognition'

Health
Many people living with diabetes are struggling with related emotional problems - an issue that needs support and recognition, a charity says.Diabetes UK surveyed 8,500 people about diabetes and how it affected their daily life.Three in five said their condition made them feel down. Of those in employment, 16% felt discriminated against at work - and 7% had not even told their employer about their diabetes.Clare (not her real name), 26, says she had to quit her job as a management consultant as a direct result of her diabetes.She was diagnosed with type 1 diabetes at the age of 13. Despite being one of 4.5 million people affected by the condition in the UK, she says the "lack of understanding" she encountered in the workplace left her feeling "frustrated, anxious and stressed"."I was const...