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Hungary explains army reform amid ‘de-NATOfication’ criticism

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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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