Sovereign Wealth Fund Institute

Norway's sovereign wealth fund saw a negative return of 2.2 percent in the third quarter, the country's central bank said yesterday, losing the equivalent of nearly $34 billion.

The Norway Government Pension Fund Global lost 374 billion kroner during the three-month period, with its value falling to the equivalent of $1.34 trillion at the end of September.

Under the new legislation, the (TWF) will now be able to buy or to become partners with companies facing difficulty due to the coronavirus pandemic.

Turkey's Parliament on April 16 passed the bill prepared by the ruling Justice and Development (AK) Party to cushion the virus' impact on economic and social life.