Norway’s sovereign wealth fund, the largest globally, reported a full-year profit of 2.5 trillion kroner fueled by a tech rally, with a 13% return on investment in 2024. Norges Bank Investment Management CEO Nicolai Tangen credited the strong stock market performance, particularly in American technology stocks, as the main driver behind the fund’s success. The fund, valued at 19.7 trillion kroner, invests in over 8,000 companies across 63 countries, with a portfolio consisting of equities, fixed income, real estate, and renewable energy infrastructure.
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Plane suddenly drops 500 feet to ‘avoid mid-air collision’ with British jet fighter
A Southwest Airlines flight experienced a sudden drop of 500 feet shortly after takeoff from Hollywood Burbank Airport to avoid a mid-air collision with a Hawker Hunter jet. Passengers reported panic during the incident, though the plane landed safely in Las Vegas, with no major injuries except for two flight attendants receiving medical attention. Want More Context? 🔎
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