Palantir Technologies Inc. reached a settlement with the Mayor of London, ending its legal action that alleged the city’s police contract was withdrawn over concerns about the firm’s values or ethics.
Sadiq Khan, Mayor of London, blocked a contract between the Metropolitan Police Service and US technology company Palantir. Metropolitan Police Commissioner Mark Rowley subsequently warned that the ban would negatively impact frontline policing capabilities in London.
Norway’s sovereign wealth fund, with $2.3 trillion in assets under management, backed shareholder proposals at Palantir Technologies. The move reflects increasing scrutiny and politicization of the fund’s investment decisions within Norway.