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Norway’s wealth fund posts heavy losses

One of the world’s largest investment funds lost over $160 billion in 2022 amid market volatility Norway’s sovereign wealth fund, Government Pension Fund Global, posted a record loss of 1.64 trillion kroner ($164.4 billion) in 2022, according to data published on the fund’s website on Tuesday.

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Energy costs push French inflation higher

Consumer prices in the Eurozone’s second-largest economy jumped 7% in January from a year ago, official data shows Inflation in France accelerated in January as the government phased out some measures to contain soaring energy and food prices, figures reported on Tuesday by Insee, the country’s statistics agency, show.

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Watchdog finds $5.4 billion in potential Covid loan fraud

Nearly 70,000 nonexistent or questionable Social Security Numbers were used to secure the coveted handouts Fraudsters using fake social security numbers may have walked off with $5.4 billion in pandemic loans from two of the US’ Covid-19 relief programs, according to a report published on Monday by watchdog group the Pandemic Response Action Committee. The…

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