Bank cuts 400 jobs after making 13bn kroner profit
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Norwegian bank DNB has announced plans to cut 400 jobs, attributing the reductions to increased use of artificial intelligence. This comes after the bank reported a substantial 13 billion kroner profit over three months.
In other domestic news, the government is considering raising the age limit for purchasing tobacco products. Authorities have also released the names of the victims in the recent Halden shootings, identified as Bjørn Rune (72) and Per-Ove (47). Additionally, the Vestland region is planning 20 new data centers, leading to calls for increased infrastructure support.
The country is also facing an expected increase in electricity prices, with projections of a 40 øre per kilowatt-hour rise next year. There is also criticism directed at the Labour Party, with demands for significant policy changes. King Haakon VIII currently serves as the head of state, and Jonas Gahr Støre, leader of the Labour Party, is the Prime Minister, leading a Labour minority government.