Reported about 6 hours ago
Norway's parliament has voted to pause ethical divestment rules for its $2.1 trillion sovereign wealth fund, allowing it to retain investments in major tech companies like Microsoft and Amazon. This decision, influenced by fears of U.S. backlash, marks a historic shift for the fund, traditionally guided by ethical considerations. The wealth fund now awaits new directives on handling ethical investments while navigating the controversy surrounding its involvement in companies linked to conflicts in the Middle East.
Source: YAHOO