Oslo

One of the world's largest sovereign wealth funds, and one which ironically amassed the overwhelming majority of their wealth via rich oil reserves, is now looking to sell off some $35 billion worth of energy stocks.  According to central bank Deputy Governor Egil Matsen, the move is intended simply to "spread the risks for the state's wealth," but one has to wonder whether the owner of 1.5% of the world's stocks has decided that oil has now moved into a period of secular decline.  Per Bloomberg:

Every year Deutsche Bank releases its fascinating index of real-time prices around the world which looks at the cost of goods and services from a purchase-price parity basis, to determine the most expensive - and in this year's edition, best - cities. As have done on several occasions in the past, we traditionally focus on one specific subindex: the cost of "cheap dates" in the world's top cities.

Authored by Alex Gorka via The Strategic Culture Foundation,

Russia has warned Norway over consequences of joining NATO ballistic missile defense (BMD) plans. According to Russian ambassador to Oslo, Moscow will retaliate. Norway's possible accession to NATO's missile shield «will be a new factor that will be considered in our strategic planning as the emergence of an additional problem in the Arctic region», Teimuraz Ramishvili told the Norwegian state media network NRK.