Latest news with #NorwegianKrone
Finextra
3 days ago
- Business
- Finextra
Thunes opens Scandinavian corridor
Thunes, the Smart Superhighway to move money around the world, today announced the further expansion of its Direct Global Network with the launch of direct Pay-to-Bank services in Denmark, Norway, and Sweden. 0 This broadens Thunes' reach into the Nordic region, empowering Members of the Thunes Direct Global Network with faster cross-border payments solutions for both consumer and business transactions. The expansion includes the opening of new direct corridors, supporting payouts in Danish Krone (DKK), Norwegian Krone (NOK), and Swedish Krona (SEK). Thunes' proprietary Network expansion will give access to its Members to the Nordic region, whose exports volumes amounted to over USD 600 billion in 2024, and inbound remittance accounted for over USD 5.4 billion in 2023 according to the world bank. Built on a robust API integration the service leverages Thunes SmartX Treasury system and Fortress Compliance platform to provide Members with enhanced speed, control, visibility, protection and cost efficiency for their cross-border payments. Aik Boon Tan, Chief Network Officer at Thunes, said: 'This expansion marks a significant development for Thunes and our Members, reinforcing our commitment to delivering seamless and reliable real-time cross-border payments globally. By extending our proprietary Direct Global Network into the Nordic region, we are offering a modern alternative to legacy systems, ensuring that payments to Denmark, Norway, and Sweden are executed with the highest levels of speed, security, and operational efficiency.' Chloé Mayenobe, President and COO at Thunes, added: 'Launching direct bank payout capabilities in the Nordics supercharges our proprietary Network's reach and unlocks unmatched value for all our Members. By establishing real-time payout corridors in Denmark, Norway and Sweden, we're empowering businesses and individuals with faster, more transparent and cost-efficient transactions. This expansion represents a strategic milestone in our journey to connect every corner of the globe, reinforcing our promise to deliver cutting-edge, reliable global payment solutions.' With this expansion, Thunes delivers an even more robust Direct Global Network that enables seamless bank payouts across the Nordics, meeting the growing demand for real-time, cross-border payment solutions in a dynamically evolving region.
Yahoo
4 days ago
- Entertainment
- Yahoo
Chess champion Gukesh Dommaraju speaks out after Magnus Carlsen's post-defeat outburst
Reigning World Chess Champion Gukesh Dommaraju has spoken out after his stunning victory over the former World No. 1 Magnus Carlsen in round six of the Norway Chess 2025 tournament. The two faced off Sunday, with Dommaraju of India, 19, beating the Norwegian grandmaster Carlsen, 34, in a match that lasted more than four hours. Advertisement While Carlsen had led most of the game, he ended up losing his knight in a faulty move, eventually leading to Dommaraju's victory. When Carlsen realized he had lost, he instantly slammed his fist on the table, causing the chess pieces to fall. Standing up, he shook Dommaraju's hand before turning away and huffing, 'Oh my god,' in frustration. He then quickly apologized to his opponent. After the match, Dommaraju admitted that his win was 'not the way I wanted it to be, but okay, I will take it,' per Addressing Carlsen's outburst, he sympathized, saying: 'I have also banged a lot of tables in my career.' D Gukesh (left) defeated Magnus Carlsen in round 6 of Norway Chess 2025 tournament ( In shock at his triumph, Dommaraju humbly admitted that '99 out of 100 times I would lose. But it was just a lucky day.' Advertisement Dommaraju's win increased his point total by three, putting him in third place at 8.5. Carlsen remains tied for first with Italian-American chess grandmaster Fabiano Caruana at 9.5 points in the five-player round-robin tournament. The ongoing tournament, which lasts until June 6, has a 1,690,000 Norwegian Krone ($167,000) prize fund. Sunday's match marked Dommaraju's first time beating Carlsen in a classical match. It was also their first classic match since Carlsen returned to individual classic chess after taking a brief break. Carlsen, who's been ranked the No. 1 chess player in the FIDE world rankings for nearly 15 years straight, declined to defend his world championship title in 2022, citing his frustration with the current format. 'I think if we reduce the time controls, made it more games, that would be a very good start,' he previously suggested. Advertisement In December 2024, Dommaraju went on to defeat China's Ding Liren to become the youngest chess world champion at 18 years old. Carlsen sat out of that tournament as well. 'Becoming the world champion doesn't mean I am the best player in the world. Obviously, there is Magnus Carlsen and he will always be a motivating factor for me,' Dommaraju said after his world championship title win. He went on to credit Carlsen's world championship win over Indian chess wizard Viswanathan Anand in 2013 as his motivation to one day 'bring back the title to India.' 'I was in the stands and I was looking inside the glass box and I thought it'd be so cool to be inside one day,' Dommaraju remembered at the time. 'And when Magnus won, I thought I really wanted to be the one to bring back the title to India and this dream that I had like more than 10 years ago has been the single most important thing in my life so far.'
Yahoo
14-05-2025
- Business
- Yahoo
Subsea 7 S.A. – Ex-dividend NOK 6.50 today
Luxembourg – 14 May 2025 Issuer: Subsea 7 S.A. Ex-date: 14 May 2024 Dividend amount: NOK 6.50 Announced currency: Norwegian Krone For details of the two NOK 6.50 dividend payments scheduled in 2025 please refer to the press release of 27 February 2025 here. *******************************************************************************Subsea 7 is a global leader in the delivery of offshore projects and services for the evolving energy industry, creating sustainable value by being the industry's partner and employer of choice in delivering the efficient offshore solutions the world needs. Subsea 7 is listed on the Oslo Børs (SUBC), ISIN LU0075646355, LEI 222100AIF0CBCY80AH62. ******************************************************************************* Contact for investment community enquiries:Katherine Tonks Investor Relations Director Tel +44 20 8210 5568 ir@ This information is published in accordance with the requirements of the Continuing Obligations. This stock exchange release was published by Katherine Tonks, Investor Relations, Subsea7, on 14 May 2025 at 07:00 CET. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
09-04-2025
- Yahoo
Norway is building the world's longest and deepest subsea road beneath its fjords
Norway is building the world's longest and deepest underwater tunnel, one of Europe's most ambitious engineering projects which is hoped will boost the country's transport links and infrastructure. Running under the country's fjords, the record-breaking Rogaland fixed link - or Rogfast - will be about 26.7 km long and 390 m at the deepest point under the sea. Once completed in 2033, the tunnel link will reduce the travelling time between two of Norway's largest cities, Stavanger and Bergen, by 40 minutes. Related Fehmarn Belt Link: Do the benefits of the world's longest underwater tunnel outweigh the damage? The Rogfast project, whose construction is nearing the halfway point, is part of the main European E39 highway, which runs along the west coast of the Nordic country. Linking cities like Kristiansand, Stavanger, Haugesund and Bergen, it will also replace ferry crossings and make travel smoother, according to the Norwegian roads authority which is behind the project. "Stavanger is the fourth-largest city in Norway, and Bergen is the second largest, so we hope that it's possible that this project will be able to reduce travelling time for workers as well when they are travelling to either Stavanger or Bergen on a daily basis," Oddvar Kaarmo, project manager of the Rogfast project at the Norwegian Public Roads Administration, told Euronews Next. One of the key design features of the new subsea highway is around the midway point where a spur connects the island of Kvitsøy, Norway's smallest municipality, to the main tunnel in the rock beneath it. The Rogfast tunnel will feature two lanes of traffic in each direction. Under Kvitsøy, the lanes meet via two roundabouts that are being built 260 m below sea level. "We have produced roundabouts in the tunnels before. But this might be one of the earliest constructions where we have this cross-section area with two roundabouts in the tunnel. As far as I know, I haven't seen two roundabouts in a cross-section area in a tunnel before," Kaarmo said. The two roundabouts under the island will allow traffic to flow even when one of the lanes is closed. "If something happens and we have to shut down a part of the tunnel, we can still run the tunnel by using one pipeline and traffic in each direction in one pipeline," he added. The twin tube structure is also a safety measure. "If a lorry or a truck [catches] fire in front of you and you are not able to turn around and drive out, you can just seek these green doors with exit signs… and you will be able to walk to the other pipeline of the tunnel. And we have this camera system that [allows us to] know exactly where you are. And we can pick you up and take you out of the tunnels," Kaarmo told Euronews Next. Related Finland wants to build a bridge across the Baltic Sea to Sweden for better connections to Europe The Rogfast project, which is being built in parts at a cost of 25 billion Norwegian Krone (€2 billion), is currently half completed after ground was broken in 2018. "In the north side, about 65 per cent of the tunnel is produced and then it's just the production of the tunnel like the drilling and blasting. And at the south end at Randaberg, it's about 45 percent [complete]," Kaarmo said. Unlike the Fehmarn belt fixed link currently under construction between Germany and Denmark that uses modular building method, Rogfast is being blasted and drilled straight through solid bedrock, a method Norway uses to ensure stability and durability under water pressure. "You are travelling through solid rock. We have this distance between the roof in the tunnel to the bottom to the sea. Our regulations demand 50 m. So you're travelling at the sea bottom. We have subsea road tunnels which have that construction. And the new tunnel between Germany and Denmark, there they are laying down cases and put the cases together and they do not go under the bottom like we do in Norway," Kaamor said. "In Norway, we produce tunnels quite cheap, if you compare it to a bridge for instance. And we have about 40 subsea road tunnels in Norway, and we are familiar with the construction. So normally it's easier and cheaper to build a subsea road tunnel than a bridge to the same island," he added. The Rogfast fixed link is scheduled to be completed by summer 2033. "It will help the producer of seafood production to reach the market in a better way without ferries," Kaarmo said. Related Sweden is building the world's first permanent electrified road for EVs to charge while driving "It will see working travellers, industry, and probably also tourism. Because the west coast of Norway is a part of Norway that tourists often seek. For instance, Bergen. We have lots of tourists in Bergen. And when we have this road project which will allow us to travel to Bergen in a shorter time, most likely, the tourists will also get eyes for this part of Norway even more than today," he noted. The Norwegian roads authority estimates 13,000 journeys will be every day for the new tunnel by 2053. For more on this story, watch the video in the media player above.
Yahoo
09-04-2025
- Yahoo
Norway is building the world's longest and deepest subsea road beneath its fjords
Norway is building the world's longest and deepest underwater tunnel, one of Europe's most ambitious engineering projects which is hoped will boost the country's transport links and infrastructure. Running under the country's fjords, the record-breaking Rogaland fixed link - or Rogfast - will be about 26.7 km long and 390 m at the deepest point under the sea. Once completed in 2033, the tunnel link will reduce the travelling time between two of Norway's largest cities, Stavanger and Bergen, by 40 minutes. Related Fehmarn Belt Link: Do the benefits of the world's longest underwater tunnel outweigh the damage? The Rogfast project, whose construction is nearing the halfway point, is part of the main European E39 highway, which runs along the west coast of the Nordic country. Linking cities like Kristiansand, Stavanger, Haugesund and Bergen, it will also replace ferry crossings and make travel smoother, according to the Norwegian roads authority which is behind the project. "Stavanger is the fourth-largest city in Norway, and Bergen is the second largest, so we hope that it's possible that this project will be able to reduce travelling time for workers as well when they are travelling to either Stavanger or Bergen on a daily basis," Oddvar Kaarmo, project manager of the Rogfast project at the Norwegian Public Roads Administration, told Euronews Next. One of the key design features of the new subsea highway is around the midway point where a spur connects the island of Kvitsøy, Norway's smallest municipality, to the main tunnel in the rock beneath it. The Rogfast tunnel will feature two lanes of traffic in each direction. Under Kvitsøy, the lanes meet via two roundabouts that are being built 260 m below sea level. "We have produced roundabouts in the tunnels before. But this might be one of the earliest constructions where we have this cross-section area with two roundabouts in the tunnel. As far as I know, I haven't seen two roundabouts in a cross-section area in a tunnel before," Kaarmo said. The two roundabouts under the island will allow traffic to flow even when one of the lanes is closed. "If something happens and we have to shut down a part of the tunnel, we can still run the tunnel by using one pipeline and traffic in each direction in one pipeline," he added. The twin tube structure is also a safety measure. "If a lorry or a truck [catches] fire in front of you and you are not able to turn around and drive out, you can just seek these green doors with exit signs… and you will be able to walk to the other pipeline of the tunnel. And we have this camera system that [allows us to] know exactly where you are. And we can pick you up and take you out of the tunnels," Kaarmo told Euronews Next. Related Finland wants to build a bridge across the Baltic Sea to Sweden for better connections to Europe The Rogfast project, which is being built in parts at a cost of 25 billion Norwegian Krone (€2 billion), is currently half completed after ground was broken in 2018. "In the north side, about 65 per cent of the tunnel is produced and then it's just the production of the tunnel like the drilling and blasting. And at the south end at Randaberg, it's about 45 percent [complete]," Kaarmo said. Unlike the Fehmarn belt fixed link currently under construction between Germany and Denmark that uses modular building method, Rogfast is being blasted and drilled straight through solid bedrock, a method Norway uses to ensure stability and durability under water pressure. "You are travelling through solid rock. We have this distance between the roof in the tunnel to the bottom to the sea. Our regulations demand 50 m. So you're travelling at the sea bottom. We have subsea road tunnels which have that construction. And the new tunnel between Germany and Denmark, there they are laying down cases and put the cases together and they do not go under the bottom like we do in Norway," Kaamor said. "In Norway, we produce tunnels quite cheap, if you compare it to a bridge for instance. And we have about 40 subsea road tunnels in Norway, and we are familiar with the construction. So normally it's easier and cheaper to build a subsea road tunnel than a bridge to the same island," he added. The Rogfast fixed link is scheduled to be completed by summer 2033. "It will help the producer of seafood production to reach the market in a better way without ferries," Kaarmo said. Related Sweden is building the world's first permanent electrified road for EVs to charge while driving "It will see working travellers, industry, and probably also tourism. Because the west coast of Norway is a part of Norway that tourists often seek. For instance, Bergen. We have lots of tourists in Bergen. And when we have this road project which will allow us to travel to Bergen in a shorter time, most likely, the tourists will also get eyes for this part of Norway even more than today," he noted. The Norwegian roads authority estimates 13,000 journeys will be every day for the new tunnel by 2053. For more on this story, watch the video in the media player above.
