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“World’s largest sovereign wealth fund posts record $213 billion profit, boosted by tech stocks”

“Norway’s giant sovereign wealth fund on Tuesday reported record profit of 2.22 trillion kroner ($213 billion) in 2023, supported by robust returns on its investments in technology stocks. The so-called Government Pension Fund Global, one of the world’s largest investors, said the… Continue Reading…

Banking, Economy

“With Payments Blocked, Russia Defaulted On External Sovereign Bonds”

“EDITOR’S NOTE: Russia may have defaulted on its sovereign bonds, but don’t take that as a sign of the efficacy of western sanctions. Russia defaulted because the sanctions forced the country into a situation of non-payment, not because it doesn’t have… Continue Reading…