Elon Musk’s $1 Trillion Tesla Pay Package Rejected by Norway’s $1.9 Trillion Wealth Fund Over Size and Risk Concerns

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#ElonMusk #Tesla #Norway #WealthFund #BreakingNews #BusinessNews #Investing #WorldNews #noticias

Norway turned oil into opportunity — and built a $2 trillion fortune for its people.

#Norway #WealthFund #Economy #SovereignFund #OilEconomy

Norway’s Wealth Fund Unleashes AI to Root Out Climate Risk Norway’s sovereign wealth fund, the world’s biggest, is giving artificial intelligence a key role in protecting its $2 trillion portfolio from climate risk.

Nicolai Tangen tells our reporters about how #AI helps the fund identify which companies are #decarbonizing faster, and more effectively than the market expects — allowing its traders to act on the information.
#Norway #WealthFund #ClimateCrisis
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Norway’s $1.9 Trillion Wealth Fund Trims Big Oil Stocks - Bloomberg.com Norway’s $1.9 Trillion Wealth Fund Trims Big Oil Stocks  Bloomberg.com

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Chancellor names ex-RBS chief to lead National Wealth Fund - UKTN Oliver Holbourn, the former chief executive officer of RBS International, has been named the new head of the UK's National Wealth Fund.

Chancellor names ex-RBS chief to lead National Wealth Fund. 🔎

➡️ www.uktech.news/news/governm... 🔗

#government #policy #wealthfund #nationalwealth #chancellor #UKtech

How do we fund this? The Prosperity Loop model charges commons fees on pollution, data, and resource extraction, so everyone benefits.

#SustainableFuture #WealthFund

Saudi wealth fund net profit tumbles 60% in 2024 DUBAI (Reuters) -Saudi Arabia’s sovereign wealth fund’s net profit slumped 60% from a year earlier to 25.8 billion riyals ($6.9 billion) in 2024, it reported on Monday, hurt by high interest rates and inflation as well as impairments on some projects. The Public Investment Fund said in a statement that impairments primarily related to changes to operational plans and increases in budgeted costs. The fund, which has more than $1 trillion in assets under management, reported net profit of 64.4 billion riyals for 2023 in its consolidated statement on Monday. Its comprehensive income statement showed that the 138.1 billion riyals reported for 2023 in July last year had swung to a loss of 140 billion riyals this year. A comprehensive income statement includes items such as unrealised gains and losses as well as the change in value of some of a company’s assets. Total assets in 2024 rose 18% to 4.321 trillion riyals from 3.664 trillion riyals a year earlier, the fund said. ($1 = 3.7502 riyals)

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Indonesia wealth fund considers stake in Grab-GoTo deal, Bloomberg News reports (Reuters) -Newly launched sovereign wealth fund Danantara Indonesia is in early talks with GoTo to get a piece of U.S.-listed rival Grab’s potential buyout of the ride-hailing and food delivery firm, Bloomberg News reported on Friday. The fund is seeking a minority stake in the combined entity, which could help ease the Indonesian government’s concerns of Singapore-headquartered Grab owning the country’s biggest tech firm, the report said, citing people familiar with the matter. Indonesia’s antitrust regulator last month started research aimed at identifying risks from a possible deal between the tech giants, who have yet to confirm merger talks. Grab is looking to strike a deal in the second quarter and could value GoTo at around $7 billion, sources with knowledge of the matter told Reuters last month. The companies have made progress on the structure of the deal, but talks had slowed down recently due to potential regulatory demands, Bloomberg News said. Indonesia launched Danantara in February, aiming to invest in a wide range of projects from metal processing to artificial intelligence. It will hold government stakes in state firms and is intended to operate like Singapore’s investment arm Temasek. GoTo and Grab declined to comment, while Danantara Indonesia did not immediately respond to a request for comment. Don't miss out on the next big opportunity! Stay ahead of the curve with ProPicks – 6 model portfolios fueled by AI stock picks with a stellar performance this year.. In 2024 alone, ProPicks' AI identified 2 stocks that surged over 150%, 4 additional stocks that leaped over 30%, and 3 more that climbed over 25%. That's an impressive track record. With portfolios tailored for Dow stocks, S&P stocks, Tech Stocks, and Mid Cap stocks, you can explore various wealth-building strategies. So if GRAB is on your watchlist, it could be very wise to know whether or not it made the ProPicks lists.

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BoN, diplomats discuss wealth fund Justicia Shipena The Bank of Namibia (BoN) met with the diplomatic community on Tuesday to discuss economic issues, including the operationalisation of Namibia’s Sovereign Wealth Fund. The meeting highlighted the Welwitschia Sovereign Wealth Fund as a tool for long-term fiscal sustainability and intergenerational equity. The fund, established in May 2022, was initially capitalised with N$260 million. By August 2023, it had grown to N$440 million.  As of February of this year, the fund had reached N$453 million, reflecting an increase of N$193 million since its inception. The fund is structured into short- and long-term investments. It allocates 70% of its assets to equities, while the remainder goes to fixed-income assets, real estate, and private equity. The Bank of Namibia manages the fund and ensures transparency and accountability.  Approximately 2.5% of the fund is allocated for infrastructure projects that support public services and job creation. The engagement also focused on raising domestic revenue through sustainability and social bonds. It brought together heads of mission, multilateral institutions, and development partners. The meeting took place amid global uncertainty and shifting economic conditions.  BoN governor Johannes !Gawaxab spoke about the impact of geopolitical changes, trade tensions, and rapid technological shifts. “These trends are testing long-standing global systems and require institutions to adapt quickly,” he said. He added, “Although it is impossible to predict the future with certainty, the combined speed of these changes underscores the necessity for institutions, such as central banks, to continue to serve as guardians of stability in an environment characterised by volatility.” “As a central bank, we remain anchored to our mandate of price stability and financial stability,” !Gawaxab said. He reaffirmed the central bank’s strategic direction, noting its goal to build a smart central bank, support a resilient financial system, and embrace a new economy. BoN data shows the global economy is expected to grow by 2.8% in 2025 and 3.0% in 2026.  Namibia’s growth is forecast at 3.8% in 2025 and 4.0% in 2026. The projected growth is driven by stronger performance in agriculture, non-diamond mining, electricity and water, and construction, despite weaker diamond prices and export tariffs. !Gawaxab said inflation is under control due to the bank’s cautious monetary policy. “The policy interest rate has been reduced by a cumulative 100 basis points since August 2024, contributing to a marked decline in inflation from 5.4% in January 2024 to 3.6% in April 2025,” he said. He said the banking sector remains stable, with enough capital and liquidity to support credit to the real economy. Diplomatic stakeholders also discussed how global political uncertainty affects capital flows and investment in developing countries.  They noted the recent drop in inflation and its effect on living costs.

#Namibia #WealthFund #SovereignWealthFund #EconomicDevelopment #FiscalSustainability

Norway’s $1.7 Trillion Wealth Fund Reports Tech-Driven Loss - Bloomberg.com Norway’s $1.7 Trillion Wealth Fund Reports Tech-Driven Loss  Bloomberg.com

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Nigeria’s wealth fund profits rise 59% in 2024 Investing.com -- The Nigeria Sovereign Investment Authority (NSIA) reported a 59% surge in profit for the year leading up to December, due to increased income from investment securities and foreign-currency gains. The profit amounted to 1.89 trillion naira ($1.2 billion), according to a statement sent via email on Tuesday. The NSIA, established in 2011, is responsible for managing and investing Nigeria’s income beyond the budgeted crude oil revenue. The authority’s net assets nearly doubled in 2024, marking a 96% increase to 4.35 trillion naira. This income was invested in both foreign and local debt and equity securities. The wealth fund also reported a 60% rally in net foreign-exchange gains, reaching 859.4 billion naira. Additionally, there was a 27% increase in net gains on financial assets. The fund’s diversified investment portfolio, infrastructure assets, and gains from foreign-exchange movements and derivative valuations were the primary drivers of these gains, as stated in a separate statement from the Abuja-based wealth fund. Furthermore, the devaluation of the naira, which has lost 70% of its value against the dollar since 2023, contributed to the foreign-exchange gains. This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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Debatt: Oljefondet kan finansiere Europas opprustning (+) Mens resten av verden har gjeld og er illikvid, sitter Norge på verdens største reservoar av likvide midler. Det kan brukes til å styrke forsvaret av Norge og Europa.

Now this is a fantastic idea: The Norwegian Oil Fund can finance Europe's rearmament.

#Defence #Europe #Norway #WealthFund

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Norway’s Wealth Fund Hits Record Profits

#wealthfund

Norway’s 🇳🇴 wealth fund and the world’s largest sovereign #WealthFund made gains of $138 billion, a return of 8.6% in the first half of the year. #Norway