and snow from storm arwen cuts off a pub in northern england we ll be live there as customers spend their third night at the bar. live from our studio in singapore. this is bbc news. this is newsday. hello and welcome the programme. we begin in south africa, where president cyril ramaphosa has condemned the decision by countries including the us, europe and parts of asia, to ban flights from southern africa after the confirmation of the presence of the new omicron variant of covid 19. the variant was first identified by south african scientists, although it isn t known where it originated. mr ramaphosa has called the moves unjustified. he said increased vaccination was the best way to tackle the new variant. these restrictions are completely unjustified and unfairly discriminate against our country and our southern african sister countries. the prohibition of travel is not informed by science, nor will it be effective in preventing the spread of this variant. the only t
sovereign wealth fund? nicolai tangen, welcome to hardtalk. thank you very much. you currently manage a sovereign wealth fund which is worth roughly 1.4 trillion dollars. an unimaginable sum of money. which is not your money, it is actually the people of norway s money why should they trust you to manage it for them? should they trust you to manage well, in a way you should ask the people that hired me. but i think the reason i think i got the job was because i have been running capitalfor 30 years. i ve been in that business for a very long time. and also seen some ups and downs, you know? i m sure you have. running capital is sort of a jargon phrase but in essence you founded and ran a hedge fund, now that was worth billions of dollars in its own right. but we associate hedge funds with risk taking, with financial instruments, we don t necessarily associate it with the steady as she goes notion of a sovereign wealth fund. yeah. i think it s more about having the right attit
This is bbc news. we will have the headlines and all the maids stories at the top of the hour as newsday continues straight after hardtalk. welcome to hardtlak, i m stephen sackur. if money is power then one of the world s most powerful institution is probably one you ve never heard of. located in oslo and worth more than a trillion dollars norway s sovereign wealth fund owes its existence to the countries vast reserves of oil and gas. it claims to be an ethical investor. so there was some consternation when it appointed my guest today, nicolai tangen as its new boss. is a risk taking, flamboyant hedge fund manager the right man to steer the worlds biggest