Ƶ

Norway wealth fund excludes six companies linked to West Bank, Gaza

Norway's Finance Minister Jens Stoltenberg speaks as he meets the press in connection with Norges Bank and the Council on Ethics responding to the Ministry of Finance regarding the oil fund's investments in Israel, in Oslo, Norway, August 18, 2025. (Reuters)
Norway's Finance Minister Jens Stoltenberg speaks as he meets the press in connection with Norges Bank and the Council on Ethics responding to the Ministry of Finance regarding the oil fund's investments in Israel, in Oslo, Norway, August 18, 2025. (Reuters)
Short Url
Updated 10 sec ago

Norway wealth fund excludes six companies linked to West Bank, Gaza

Norway's Finance Minister Jens Stoltenberg.
  • Currently the fund holds stakes in 38 Israeli companies, totalling $1.9 billion in investments, down from 61 companies totalling 23 billion crowns, as of June 30

OSLO/COPENHAGEN: Norway’s sovereign wealth fund, the world’s largest, said on Monday it had decided to exclude another six companies with connections to the West Bank and Gaza from its portfolio, following an ethics review of its Israeli investments.
The $2 trillion wealth fund did not name the companies it had decided to exclude but said these would be made public, along with specific reasons for each company, once the divestments were completed.
One possibility could be that among them are Israel’s five largest banks, which have been under review by the fund’s ethical watchdog.
The latest exclusions bring to 23 the number of Israeli companies the fund has been divesting from since June 30. That number may rise.
“More companies could be excluded,” Finance Minister Jens Stoltenberg told reporters.
Currently the fund holds stakes in 38 Israeli companies, totalling 19 billion crowns ($1.9 billion) in investments, down from 61 companies totalling 23 billion crowns, as of June 30, the fund’s operator, Norges Bank Investment Management, said in a letter dated Monday.
Review
The latest announcement follows an urgent review launched this month after reports that the fund had built a stake in an Israeli jet engine group that provides services to Israel’s armed forces, including the maintenance of fighter jets.
The reports spurred a fresh debate about the fund’s investments in Israel and the occupied Palestinian territories ahead of elections on Sept. 8, with some parties calling for the fund to divest from all Israeli companies, a step the government has ruled out.
Norway’s parliament in June rejected a proposal for the fund to divest from all companies with activities in the occupied Palestinian territories.
“This debate helps sharpen our practices,” said Stoltenberg.
Critics say only a complete withdrawal from investing in Israeli companies would protect the fund against possible ethical breaches.
Stoltenberg said that, from now on, the ethics watchdog and NBIM would have more frequent and faster exchanges of information between them to identify problematic companies quicker.
Ethical exclusions from the fund are based on recommendations from the fund’s watchdog, though NBIM can also divest from companies if it assesses that a company can pose too much of a risk to the fund, whether the risk is ethical or not.
“With more exchanges of information between the Council on Ethics and Norges Bank, it is possible that there could be more divestments of that kind in future,” said Stoltenberg.
Last Monday, the fund announced it was terminating contracts with all three of its external asset managers who handled some of its Israeli investments.


Zelensky, Trump express hope for trilateral talks with Putin to bring end to Russia-Ukraine war

Ukrainian President Volodymyr Zelensky and US President Donald Trump participate in a meeting at the White House in Washington.
Ukrainian President Volodymyr Zelensky and US President Donald Trump participate in a meeting at the White House in Washington.
Updated 31 min 42 sec ago

Zelensky, Trump express hope for trilateral talks with Putin to bring end to Russia-Ukraine war

Ukrainian President Volodymyr Zelensky and US President Donald Trump participate in a meeting at the White House in Washington.
  • US president also said he would back European security guarantees for Ukraine as European leaders gathered in Washington
  • Trump stopped short of committing US troops to the effort, saying instead that there would be a “NATO-like” security presence

WASHINGTON: Ukrainian President Volodymyr Zelensky and President Donald Trump expressed hope that their critical meeting Monday with European leaders at the White House could lead to three-party talks with Russian President Vladimir Putin to bring an end to his war on Ukraine.
The US president also said he would back European security guarantees for Ukraine as European leaders gathered in Washington to show support for Ukraine at the extraordinary White House meeting.
Trump stopped short of committing US troops to the effort, saying instead that there would be a “NATO-like” security presence but that all those details would be hashed out in their afternoon meeting with EU leaders.
“They want to give protection and they feel very strongly about it and we’ll help them out with that,” Trump said. “I think its very important to get the deal done.”
Trump’s engagement with Zelensky had a strikingly different feel to their last Oval Office meeting in February. It was a disastrous moment that led to Trump abruptly ending talks with the Ukrainian delegation after he and Vice President JD Vance complained that Zelensky had shown insufficient gratitude for US military assistance.
Zelensky at the start of the meeting presented a letter from his wife, Olena Zelenska, for Trump’s wife, Melania. The US first lady over the weekend sent a letter to Putin urging him to bring an end to the brutal 3 1/2 year war.
Trump at one point needled Zelensky over Ukraine delaying elections. They had been scheduled for last year but were delayed because of the ongoing Russian invasion. Ukrainian law does not allow presidential elections to be held when martial law is in effect.
Trump joked that a similar circumstance wouldn’t play well in the US.
“So let me just say three and a half years from now — so you mean, if we happen to be in a war with somebody, no more elections, oh, I wonder what the fake news would say,” Trump said.
Zelensky faced criticism during his February meeting from a conservative journalist for appearing in the Oval Office in a long sleeve T-shirt. This time he appeared in dark jacket and buttoned-shirt.
Zelensky has said his typically less formal attire since the start of the full-scale Russian invasion in 2022 is to show solidarity with Ukrainian soldiers.
Monday’s hastily assembled meeting comes after Trump met on Friday with Putin and has said that the onus is now on Zelensky to agree to concessions of land that he said could end the war.
“If everything works out today, we’ll have a trilat,” Trump said, referring to possible three-way talks among Zelensky, Putin and Trump. “We’re going to work with Russia, we’re going to work with Ukraine.”
Trump also said he plans to talk to Putin after his meetings with Zelensky and European leaders.
Zelensky expressed openness to trilateral talks.
“We are ready for trilateral as president said,” Zelensky said.
Trump first held one-on-one talks with Zelensky. The two will later gather with European Commission President Ursula von der Leyen, French President Emmanuel Macron, British Prime Minister Keir Starmer, German Chancellor Friedrich Merz, Italian Premier Giorgia Meloni, Finnish President Alexander Stubb and NATO Secretary-General Mark Rutte.
The European leaders were left out of Trump’s summit with Putin. They want to safeguard Ukraine and the continent from any widening aggression from Moscow. Many arrived at the White House with the explicit goal of protecting Ukraine’s interests — a rare show of diplomatic force.
Ahead of Monday’s meeting, Trump suggested that Ukraine could not regain Crimea, which Russia annexed in 2014, setting off an armed conflict that led to its broader 2022 invasion.
“President Zelensky of Ukraine can end the war with Russia almost immediately, if he wants to, or he can continue to fight,” Trump wrote Sunday night on social media. “Remember how it started. No getting back Obama given Crimea (12 years ago, without a shot being fired!), and NO GOING INTO NATO BY UKRAINE. Some things never change!!!”
Zelensky responded with his own post late Sunday, saying, “We all share a strong desire to end this war quickly and reliably.” He said that “peace must be lasting,” not as it was after Russia seized Crimea and part of the Donbas in eastern Ukraine eight years ago, and “Putin simply used it as a springboard for a new attack.”
Zelensky said in a social media post he met with Trump’s special envoy for Ukraine, Keith Kellogg, on Monday ahead of his scheduled talks with Trump to discuss the battlefield situation and the shared “strong diplomatic capabilities” of the US, Ukraine and Europe. He also held talks with European leaders at the Ukrainian embassy in Washington.
European heavyweights in Washington
On the table for discussion with European leaders are possible NATO-like security guarantees that Ukraine would need for any peace with Russia to be durable. Putin opposes Ukraine joining NATO outright, yet Trump’s team claims the Russian leader is open to allies agreeing to defend Ukraine if it comes under attack.
“Clearly there are no easy solutions when talking about ending a war and building peace,” Meloni told reporters. “We have to explore all possible solutions to guarantee peace, to guarantee justice, and to guarantee security for our countries.”
The European leaders are aiming to keep the focus during the White House talks on finding a sustainable peace and believe forging a temporary ceasefire is not off the table, according to a European official.
The official, who was not authorized to comment publicly and spoke on the condition of anonymity, said the leaders are also looking to keep pressure on Russia to end the fighting and want to get more concrete assurances from the US about security guarantees for Ukraine as part of any deal.
Zelensky outlined what he said his country needed to feel secure, which included a “strong Ukrainian army” through weapons sales and training. The second part, he said, would depend on the outcome of Monday’s talks and what EU countries, NATO and the US would be able to guarantee to the war-torn country.
Trump briefed Zelensky and European allies shortly after the Putin meeting. Details from the discussions emerged in a scattershot way that seemed to rankle the US president, who had chosen not to outline any terms when appearing afterward with Putin.
Ahead of Monday’s White House meetings, Trump took to social media to say that even if Russia said, “We give up, we concede, we surrender” the news media and Democrats “would say that this was a bad and humiliating day for Donald J. Trump.”
Following the Alaska summit, Trump declared that a ceasefire was not necessary for peace talks to proceed, a sudden shift to a position favored by Putin.
‘A very big move’
European officials confirmed that Trump told them Putin is still seeking control of the entire Donbas region, even though Ukraine controls a meaningful share of it.
Trump’s special envoy, Steve Witkoff, said the US and its allies could offer Ukraine a NATO-like commitment to defend the country if it came under attack as the possible security guarantee, with details to be worked out.
Zelensky came into the talks look to prevent a scenario in which he gets blamed for blocking peace talks by rejecting Putin’s maximalist demand on the Donbas. It is a demand Zelensky has said many times he will never accept because it is unconstitutional and could create a launching pad for future Russian attacks.


Indian foreign minister stresses on border peace in talks with China’s Wang

Indian foreign minister stresses on border peace in talks with China’s Wang
Updated 18 August 2025

Indian foreign minister stresses on border peace in talks with China’s Wang

Indian foreign minister stresses on border peace in talks with China’s Wang
  • Relations between the Asian giants began to thaw in Oct. after New Delhi, Beijing reached a pact to lower military tensions on border
  • Ties between the two countries deteriorated sharply following a military clash on their disputed Himalayan border in the summer of 2020

NEW DELHI: Indian Foreign Minister Subrahmanyam Jaishankar began talks with his Chinese counterpart Wang Yi in New Delhi on Monday and stressed that there could be positive momentum in ties between the neighbors only if there was peace on their border.

Wang arrived in the Indian capital on Monday for a two-day visit during which he will hold the 24th round of border talks with Indian National Security Adviser Ajit Doval and also meet Prime Minister Narendra Modi.

“This (discussing border issues) is very important because the basis for any positive momentum in our ties is the ability to jointly maintain peace and tranquility in the border areas,” Jaishankar told Wang in his opening remarks.

It is also important for the two countries to pull back their troops amassed along their disputed border in the western Himalayas since a deadly border clash in 2020, Jaishankar said.

Wang’s visit comes days before Modi travels to China — his first visit in seven years — to attend the summit of the Shanghai Cooperation Organization, a regional political and security group which also includes Russia.

Relations between the Asian giants began to thaw in October after New Delhi and Beijing reached a milestone pact to lower military tensions on their Himalayan border following talks between Chinese President Xi Jinping and Modi in Russia.

Ties between the two countries had deteriorated sharply following a military clash on their disputed Himalayan border in the summer of 2020 in which 20 Indian soldiers and four Chinese soldiers were killed.


Son of Norway princess charged with four rapes

Son of Norway princess charged with four rapes
Updated 18 August 2025

Son of Norway princess charged with four rapes

Son of Norway princess charged with four rapes
OSLO: The 28-year-old son of Norway’s crown princess has been charged with raping four women and several acts of violence, and risks up to 10 years in prison, a prosecutor said on Monday.
Marius Borg Hoiby, who was born from a relationship before Crown Princess Mette-Marit married Crown Prince Haakon, has been under investigation since his arrest on August 4 last year on suspicion of assaulting a girlfriend.
He is accused of raping four women while they were sleeping. In at least three of the cases, he met the women the same day and had consensual sex before the alleged rapes, public prosecutor Sturla Henriksbo told reporters.
Hoiby is also charged with filming their genitals without their knowledge.
Henriksbo said investigators had video clips and photographs as evidence.
The four rapes allegedly took place in 2018, 2023 and 2024, the last one after the police investigation began.
Other charges against Hoiby include domestic abuse against a former partner and several counts of violence, disturbing the peace, vandalism and violations of restraining orders against another former partner.
The only victim identified by the prosecution was Hoiby’s ex-girlfriend Nora Haukland, whom he is accused of physically and psychologically abusing in 2022 and 2023.
“The violence consisted, among other things, of him repeatedly hitting her in the face, including with a clenched fist, choking her, kicking her and grabbing her hard,” the prosecutor said.
The maximum penalty for the offenses in the indictment is up to 10 years in jail, he said.
“These are very serious acts that can leave lasting scars and destroy lives.”
The palace remained tight-lipped after the announcement.
“It is for the courts to consider this matter and reach a decision,” spokeswoman Sara Svanemyr said in a comment emailed to AFP.
The prosecutor said that Hoiby, as a member of the royal family, would not be treated “more lightly or more severely” than anyone else in similar circumstances.
Hoiby has already admitted to assault and vandalism in the August 2024 incident.
In a public statement 10 days after his arrest, he said he had acted “under the influence of alcohol and cocaine after an argument,” having suffered from “mental troubles” and struggling “for a long time with substance abuse.”
A tall blond who cultivates a “bad boy” look with slicked back hair, earrings, rings and tattoos, Hoiby has been in the eye of a media storm since his arrest.
When the rape allegations emerged in November, he spent a week in custody — unprecedented for a member of Norway’s royal family.
After his release, he reportedly went to rehab in London.
Hoiby is the child of a brief romance between his mother and Morten Borg — who has also been convicted of abuse and drug-related crimes. They were together at a time when the future princess was part of Norway’s house music scene, known for its abundance of hash and ecstasy.
He was propelled into the spotlight at the age of four when his mother married Norway’s crown prince, with whom she went on to have two more children.
Hoiby was raised by the royal couple alongside his step-siblings Princess Ingrid Alexandra and Prince Sverre Magnus, now aged 21 and 19.
Unlike them, however, he has no official public role.
“He has been put in a virtually impossible position: one foot in, one foot out. He is not technically part of the royal household but he grew up in it,” said Sigrid Hvidsten, royals commentator at the newspaper Dagbladet.
“He has lived in a grey zone, a kind of gilded cage,” she told AFP in December 2024.
A cage that has not kept him away from controversy in recent years.
According to media reports, he hung out with gang members, Hells Angels bikers and members of Oslo’s Albanian mafia. In 2023, police contacted him to have a cautionary talk after he was seen moving in the same circles as “notorious criminals.”
It emerged last year that Hoiby had already been arrested in 2017 for using cocaine at a music festival.

India, China envoys discuss border peace, trade to boost cooperation

Indian Foreign Minister S. Jaishankar shakes hand with his Chinese counterpart Wang Yi, left, in New Delhi, India.
Indian Foreign Minister S. Jaishankar shakes hand with his Chinese counterpart Wang Yi, left, in New Delhi, India.
Updated 18 August 2025

India, China envoys discuss border peace, trade to boost cooperation

Indian Foreign Minister S. Jaishankar shakes hand with his Chinese counterpart Wang Yi, left, in New Delhi, India.
  • Jaishankar said discussing border issues was important because basis for any positive momentum in India-China ties was ability to jointly maintain peace in border areas

NEW DELHI: Indian Foreign Minister Subrahmanyam Jaishankar and his Chinese counterpart Wang Yi on Monday discussed border peace, trade issues and bilateral exchanges, aiming to strengthen cooperation between the two countries.
“We had productive conversations on our economic and trade issues, pilgrimages, people-to-people contacts, river data sharing, border trade, connectivity and bilateral exchanges,” Jaishankar said.
He added that the discussions would contribute to building a stable, cooperative and forward-looking relationship between India and China.
Wang arrived in the Indian capital on Monday for a two-day visit during which he will hold the 24th round of border talks with Indian National Security Adviser Ajit Doval and also meet Prime Minister Narendra Modi.
Earlier in the day, Jaishankar had said that discussing border issues was very important because the basis for any positive momentum in India-China ties was the ability to jointly maintain peace in border areas.
“Having seen a difficult period in our relationship, our two nations now seek to move ahead. This requires a candid and constructive approach from both sides,” Jaishankar told Wang in his opening remarks.
It is also important for the two countries to pull back their troops amassed along their disputed border in the western Himalayas since a deadly border clash in 2020, Jaishankar said.
Wang’s visit comes days before Modi travels to China — his first visit in seven years — to attend the summit of the Shanghai Cooperation Organization, a regional political and security group that also includes Russia.
Relations between the Asian giants began to thaw in October after New Delhi and Beijing reached a milestone pact to lower military tensions on their Himalayan border following talks between Chinese President Xi Jinping and Modi in Russia.
Ties between the two countries deteriorated sharply following a military clash on that border in the summer of 2020 in which 20 soldiers from India and four from China were killed. 


US NGO ‘distressed’ at suspension of visas for sick Palestinians

US NGO ‘distressed’ at suspension of visas for sick Palestinians
Updated 18 August 2025

US NGO ‘distressed’ at suspension of visas for sick Palestinians

US NGO ‘distressed’ at suspension of visas for sick Palestinians
  • Heal Palestine has focused on bringing seriously ill children from Gaza to America for medical treatment
  • Self-described ‘proud Islamophobe’ Laura Loomer convinced secretary of state to halt visas

LONDON: US-based aid group Heal Palestine has said it is “distressed” after a far-right influencer convinced Secretary of State Marco Rubio to stop granting visas to Palestinians seeking medical treatment in America.

Laura Loomer, a social media personality and self-described “proud Islamophobe,” told the New York Times that she had spoken to Rubio on Friday about the threat of “Islamic invaders” using medical visas as a route to the US.

Heal Palestine focuses on bringing severely ill children to the US “on temporary visas for essential medical treatment not available at home,” the group said in a statement.

“After their treatment is complete, the children and any accompanying family members return to the Middle East,” it added. “This is a medical treatment program, not a refugee resettlement program.”

Another group started by Heal Palestine’s founder Steve Sosebee, the Palestinian Children’s Relief Fund, gained national attention when it helped bring a 2-year-old Palestinian girl named Rahaf and her mother Israa Saed to St. Louis, Missouri, to be fitted with prosthetic legs. 

Rahaf’s case gained national attention after she was later filmed singing and dancing with American YouTube star Ms Rachel.

In a post on X, the State Department said: “All visitor visas for individuals from Gaza are being stopped while we conduct a full and thorough review of the process and procedures used to issue a small number of temporary medical-humanitarian visas in recent days.”

Rubio told CBS on Sunday that he made the decision after “numerous congressional offices” raised concerns about the visas, suggesting he knew of various groups “bragging about and involved in acquiring these visas (which) have strong links to terrorist groups like Hamas.”

Loomer later suggested on social media that Sosebee had links to Hamas for trying to reopen a hospital in Gaza damaged by Israeli military activity.

She was praised on social media by Republican members of Congress Charles Roy from Texas and Randy Fine from Florida for helping to get the medical visas suspended.