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Arsenal receive positive Martin Odegaard update after ankle injury scare
Arsenal have been left breathing a huge sigh of relief after it was confirmed that the injury suffered by Martin Odegaard while on international duty is not serious. Gunners fans were left concerned on Wednesday night after the in-form Real Madrid loanee appeared to painfully roll his ankle before being substituted at half-time of Norway’s 3-0 World Cup qualifying win against Gibraltar. The absence of Odegaard for any extended period of time would have come as a sizable blow to Arsenal, with the 22-year-old having grown in influence since moving to north London in January and played a critical role in Sunday’s comeback draw against London rivals West Ham, afterwards attracting effusive praise from manager Mikel Arteta. But not only does it seem that Odegaard is now unlikely to miss key upc...
Norwegian Air furloughs staff, pleads for help to survive in 2021
Norwegian Air’s cash crisis could force the debt-laden budget airline to halt operations early next year, the company warned as it issued another plea for rescue funding after reporting quarterly results on Tuesday. The rapid expansion of the pioneer in low-fare transatlantic flights has left it with heavy debts and problems that have been compounded by the COVID-19 pandemic. It is now serving domestic routes only, with just six of its 140 aircraft flying. “Norwegian is dependent on additional working capital in order to continue operating through the first quarter of 2021 and beyond,” the carrier said. The company held cash and cash equivalents of 3.4 billion kroner ($380m) at the end of September, down from 4.98 billion kroner ($550m) three months earlier. Its latest plea comes after Nor...
Stock market volatility hits Norway’s sovereign wealth fund
Norway’s Central Bank on Tuesday said its pension fund lost 188 billion kroner ( 21 billion dollars equivalent) in the first half of 2020 amid stock market volatility during the coronavirus pandemic. The bank said the return on the sovereign wealth fund fell by 3.4 per cent during the January-to-June period. The Deputy Chief Executive of Norges Bank Investment Management, Trond Grande, said there were major fluctuations in the equity market. “The year started with optimism, but the outlook of the equity market quickly turned when the coronavirus started to spread globally. “The sharp decline in global stock markets during the first quarter is, however, limited by a massive monetary and financial policy response. “Even though markets recovered well in the second quarter, we are still witnes...
