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...
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Where the news is happening by country
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...
Thai tour company promotes endangered longtail boats
Thailand is synonymous with the longtail boat, elegant and colourful hand-carved wooden boats that have been used for fishing on the Andaman Sea for c...
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...
Norwegian fisheries minister in hot water over Murmansk radiation leaks
Aftenposten has revealed that Norwegian fisheries minister Helga Pedersen admitted knowing that the Russian submarine wreck Murmansk likely contained ...
Finland reigns supreme in Sauna World Championships
Sauna aficionados Finland withstood the heat longest to win the 2008 Sauna World Championships in Heinola, Finland, defending their current reign as s...