Norway's sovereign fund recommended reducing Treasury holdings, while Volkswagen Group approved a cost-cutting plan including job cuts.

The entities involved

• Norway →

  country in Northern Europe

  • The Parliamentary Budget Officer notes that separating capital expenditure (capex) and operational expenditure (opex) is a common practice.Mon 17:41
  • Norway demonstrates successful model for energy transition.Mon 17:08
• Volkswagen Group →

  German automotive manufacturing conglomerate

  • QuantumScape and Powerco expanded their collaboration, introducing new milestone payments with Volkswagen's battery subsidiary.Mon 17:19
  • Changan is eyeing the Australian market as a competitor to Mazda, leveraging shared design DNA from past Volkswagen projects.Mon 16:41

Related events

• Norway's sovereign fund is taking action to reduce its exposure to the U.S. Treasury market amidst global financial pressures.Sep 4
• Head of Norway's sovereign wealth fund used the Hormuz situation as an example of geopolitical risk.Sat 08:07
• FED Governor Christopher Waller provided reassuring comments to markets as Norway's sovereign fund considered unloading long Treasuries.Sep 11
• Norwegian state uses oil and gas revenues to fund Norges Bank Investment Management, which is exposed to risks from US trade policy.Aug 12