OSLO: Greenpeace on Friday (Sep 20) warned Norway that its plans to open up its Arctic seabed to mining would cause "irreversible" damage to the entire marine ecosystem. The Scandinavian country is expected to award the first exploration licences in 2025,

This could cause 'irreversible' damage to the marine ecosystem.

The search for rare minerals amid the deep ocean floor could have a devastating effect on whales, other marine mammals and numerous forms of aquatic life, according to the report.

Norway’s central bank kept borrowing costs unchanged and signaled no intention to cut them before next year as it contends with the inflation risks posed by a weak krone.

Norway’s central bank held its key policy rate at 4.5%, a level that is expected to remain unchanged until the end of the year as a weak krone continues to threaten efforts to bring inflation down.

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