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The UK and Norway have signed a historic agreement to operate a joint fleet of Type-26 frigates, aimed at protecting critical undersea cables and countering increased Russian naval activity in the North Atlantic. The deal includes a £10bn warship contract and enhanced military cooperation, amid rising tensions over Russian vessels near UK waters.
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As of early September 2025, Norway's $2 trillion sovereign wealth fund has divested from Caterpillar and five major Israeli banks over ethical concerns tied to Israeli military actions in Gaza and the West Bank. The fund cited violations of international humanitarian law linked to Caterpillar's bulldozers and the banks' financing of Israeli settlements. It is ending contracts with external Israeli asset managers and intensifying ethical reviews, while rejecting full divestment from all Israeli companies.
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Norway's centre-left Labour Party, led by Jonas Gahr Støre, secured a narrow majority in parliamentary elections, with a coalition of five left-wing parties winning 89 of 169 seats. The election focused on domestic issues like wealth tax, healthcare, and inequality, amid geopolitical concerns including US policies and the Ukraine war.
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Western officials, including EU and US representatives, have expressed skepticism about a US-led peace plan for Ukraine. They emphasize the need for Ukraine's sovereignty, territorial integrity, and European integration, while highlighting major flaws in the proposed agreement. The plan's future remains uncertain.