Serbian Prime Minister Miloš Vučević announced his resignation during a press conference on Tuesday. This comes as President Aleksandar Vučić faces growing pressure due...

Norway’s sovereign wealth fund, the largest of its kind globally, reported a stunning annual profit of 2.5 trillion kroner ($222.4 billion) for 2024, largely driven by a significant rally in tech stocks. Managed by Norges Bank Investment Management (NBIM), the fund achieved a return on investment of 13% for the year, slightly underperforming its benchmark index by 45 basis points. At a press conference, NBIM Deputy CEO Trond Grande credited the fund's impressive returns to a particularly strong year for equities, noting that the tech sector—especially artificial intelligence—was a major contributor. The AI-driven boom in tech stocks helped propel the fund’s growth, with key tech companies experiencing substantial gains throughout the year. In addition to tech, the...

Norway’s sovereign wealth fund, the largest of its kind globally, reported a stunning annual profit of 2.5 trillion kroner ($222.4 billion) for 2024, largely driven by a significant rally in tech stocks. Managed by Norges Bank Investment Management (NBIM), the fund achieved a return on investment of 13% for the year, slightly underperforming its benchmark index by 45 basis points. At a press conference, NBIM Deputy CEO Trond Grande credited the fund's impressive returns to a particularly strong year for equities, noting that the tech sector—especially artificial intelligence—was a major contributor. The AI-driven boom in tech stocks helped propel the fund’s growth, with key tech companies experiencing substantial gains throughout the year. In addition to tech, the...