Norway's $1.8 trillion sovereign wealth fund, the world's largest, reported on Wednesday a record annual profit of 2.51 trillion crowns ($222 billion), driven by last year's tech rally.

Norway’s colossal $1.8 trillion sovereign wealth fund, one of the world’s largest, posted a robust 13% return in 2024, translating to a staggering $222 billion gain. This impressive performance was largely fueled by the booming US technology sector.

Norway’s sovereign wealth fund was underweight on US tech stocks last year, a move that hit 2024 returns but may have helped it weather recent turmoil caused by the challenge posed by Chinese artificial intelligence startup DeepSeek.

Norway's Timon Haugan prevented Manuel Feller and Fabio Gstrein from a 1-2 podium for Austria by winning the men's World Cup slalom in Schladming, Austria with a combined time of 1:48.05.

Norwegian skier Timon Haugan claimed the fourth World Cup win of his career with victory in the slalom at Schladming on Wednesday. "It's so crazy, it's by far my greatest victory," Haugan said.

Norway’s Jarl Magnus Riiber, who owns a Nordic combined record 76 individual World Cup wins, announced he will retire at the end of this season, one year before the Milan Cortina Winter Olympics.

Nordic combined great Jarl Magnus Riiber is calling it a career. The 27-year-old Norwegian plans to retire in March.

Norway’s Jarl Magnus Riiber, the most successful Nordic combined athlete of all time, has announced he will retire at the end of the season and will not compete at next year’s Milan-Cortina Games. Riiber,