Actavis receives US approval for antidepressant drug
Actavis, a generic drug manufacturer based in Iceland, has received approval from the US Food & Drug Administration to market the generic drug equ...
Swedish wrestler tosses bronze medal in protest
Swedish wrestler Ara Abrahamian won the bronze medal in the men’s Greco-Roman wrestling event in Beijing but then threw the medal away in protest over...
Norway completes controversial seismic survey near Lofoten Islands
Despite the outcry from local environmental groups, the Norwegian energy authority has wrapped up a full seismic survey of the Arctic waters around th...
CDS levels in Iceland continue to fall
CDS spreads on Icelandic banks improved significantly last week, according to research from Nordic bank Glitnir. Kaupthing’s CDS level fell by 3...
Norway sued by Iraqi Muslim over human rights violations
The founder of Ansar al-Islam, a radical Islamist organisation, has filed a lawsuit against Norway in Europe’s human rights court citing “inhuman trea...
IKEA expands efforts to encourage green lifestyles
Greenbiz.com reports that over the next five years, IKEA will invest some USD 77 million in clean technology start-ups specialising in green tech prod...
Air carrier Norwegian asks employees to take wage cut
In its latest bid to cut costs, airline Norwegian has asked its employees to take a wage cut. Staff who accept the wage cut of between 5 and 10 per ce...
Sweden may allow competition for its alcohol monopoly
In a surprising, but widely welcomed move, the Swedish government says it may be ready to allow private shops to sell alcohol, the Financial Times rep...