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Tag: Norwegian

Russian aircraft intercepts Norwegian plane in international airspace

Russian aircraft intercepts Norwegian plane in international airspace

Business
Sept. 5 (UPI) -- A Russian military leader said Saturday that Russian fighter planes intercepted a Norwegian patrol aircraft over the Barents Sea for the third time in a row. The Russian state-run news agency TASS reported that on Saturday, Russian radars detected a target in international airspace headed toward Russian airspace and a fighter jet was scrambled to intercept it. Advertisement According to the Russian National Defense Control Center, an MiG-31 fighter with the Northern Fleet's air defense units identified the aircraft as a P-3S Orion maritime surveillance aircraft belonging to the Royal Norwegian Air Force. After the Norwegian aircraft turned away from Russian airspace, the MiG-31 returned to its home airfield, according to the Russian government. According to TASS, Saturday...
Norwegian Air seeks cash injection

Norwegian Air seeks cash injection

Business
Norwegian Air wants to raise 3bn Norwegian kroner (£268m) through a rights issue to improve its finances.The news comes as the company announced that its preliminary earnings for 2018 showed an operating loss of roughly 3.8bn kroner.The budget carrier said it was not in talks with any potential buyers after British Airways owner IAG abandoned its plans to buy it last week.In early trading on Tuesday, the company's shares plunged by 16%.Billionaire John Fredriksen and the airline's chief executive Bjorn Kjos and chairman Bjorn Kise have all agreed to underwrite the issue.Mr Kjos explained that the airline was going to change its strategic focus from growth to making cost savings."We will now get in place a strengthened balance sheet that supports the...
Police reveal $10M ransom demand for missing wife of Norwegian businessman

Police reveal $10M ransom demand for missing wife of Norwegian businessman

World
The wife of one of the richest men in Norway is believed to have been kidnapped after police revealed her husband received a note asking for over $ 10 million in the cryptocurrency Monero as ransom. Anne-Elisabeth Flakevic Hagen, wife of Norwegian real estate investor and electric company owner Tom Hagen, went missing on Oct. 31 of last year. Hagen found a note left on the couple's home asking for the ransom, but police did not disclose when specifically the note was found. Information regarding Flakevic's disappearance was not made public before because Hagen received a note from the suspected kidnappers threatening to kill his wife if he got the police involved, Norwegian newspaper VG reported. However, police are now making the information public as their investigation has yield...
Norwegian man accused of sexual crimes with more than 300 boys

Norwegian man accused of sexual crimes with more than 300 boys

World
Nov. 21 (UPI) -- Norwegian authorities charged a 26-year-old man with sexual crimes involving more than 300 teenage boys in what some police are calling the country's biggest sexual abuse case in history. Prosecutors said the man, whose name was not revealed, targeted the teens over the Internet, at times posing as a young girl to entice the boys to send nude photographs and videos of themselves. The victims ranged in age from 9 years old to 16 years old and were from Norway, Sweden and Denmark. They said once he obtained the images, he would use them to blackmail the boys into sending more images. In all, he allegedly had more than 16,000 videos of underage boys. It is "the biggest case of sexual abuse in Norway so far," prosecutor Guro Hansson Bull said. Police believe he met several of...
Norwegian fund, German utility exchange barbs over coal mine

Norwegian fund, German utility exchange barbs over coal mine

Technology
A Norwegian pension fund is doubling down on its criticism of German utility firm RWE over the power company's long-term plans to use coal. The chief executive of Storebrand, Jan Erik Saugestad, said Thursday that "continued expansion of coal mines and support of coal-fired power has no future" if the world wants to limit global warming to 1.5 degrees Celsius . Saugestad, whose company manages assets worth $ 85 billion, had called earlier this week for investors to sell their shares in RWE because of its plans to expand a coal mine by chopping down Germany's ancient Hambach forest . RWE hit back Wednesday, saying "everybody needs to do their part" and coal-fired plants are needed to ensure stable power supplies in Germany following the country's decision to phase out nuclear plants.Let's...