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World’s biggest wealth fund gets political pushback in asset bid

Bloomberg Norway’s biggest political party says the country’s giant wealth fund needs to rethink its proposed entry into the $20 trillion infrastructure market. “With what we’re seeing now with economic developments globally, and the short-term cost of that for Norway, it’s time to put the brakes on,” said Torstein Tvedt Solberg, a Labor Party politician who sits on the parliamentary ...

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Hollande loyalist Ayrault France new FM

Paris / AFP Jean-Marc Ayrault, who resigned as French prime minister two years ago to take the blame for a sputtering economy, has been rewarded for his loyalty to embattled President Francois Hollande with the foreign affairs portfolio. Seen as a safe pair of hands but with little diplomatic experience — or charisma —the understated Ayrault, 66, will be expected ...

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NATO deploys Aegean migrant naval mission

Brussels / AFP NATO launched on Thursday an unprecedented naval mission in the Aegean Sea to tackle people smugglers taking migrants and refugees from the Turkish coast, Secretary General Jens Stoltenberg said on Thursday. The move follows a request this week by alliance members Germany, Greece and Turkey for assistance in tackling Europe’s biggest migrant crisis since World War II. ...

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