Bloomberg Norway is ratcheting up withdrawals from its $890 billion sovereign wealth fund to support a recovery as it foresees a continued slump for the nation’s petroleum industry. The government is boosting oil wealth spending by 10 percent to 225.6 billion kroner ($28 billion) next year, according to the 2017 budget released in Oslo Thursday. It will withdraw 121.2 ...

  Washington / AFP Another week of low claims for unemployment insurance pointed on Thursday to a likely solid report on the US jobs market this week. The Labor Department said that initial US jobless claims, an indicator of the pace of layoffs, fell again last week to 249,000, down 5,000 from the previous week. “This marks 83 consecutive weeks ...

  Bloomberg Volkswagen AG’s namesake car brand plans a four-door fastback model more expensive than its mid-sized Passat but cheaper than the Phaeton luxury sedan that it axed last year, pushing further to revive profit and rebound from its diesel-emissions scandal. The addition to VW’s line-up will be inspired by the Sport Coupe Concept GTE unveiled at the Geneva auto ...