Norway’s sovereign “oil fund” takes heavy hit
In a crippling ripple effect of the Wall Street market meltdown, Norway’s special “oil fund” may have lost nearly all of its profits garnered over the...
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Statement by the Prime Minister of Iceland
The Icelandic government appreciates that the British authorities are willing to step in and respond to the immediate concerns of depositors of Landsb...
IceSave customers to get UK support
All UK savers with accounts in Icesave, the closed Icelandic internet bank, will get all their money back, ensured Chancellor Alistair Darling in an i...
IceNews apology
Dear readers of IceNews, we are very sorry for not having kept you updated on the current frantic situation for the past two days as there was a colla...
Denmark’s government creates bailout fund
In these times of economic uncertainty, Denmark has taken the pre-emptive step of creating a 35 billion kroner fund in conjunction with the country’s ...
The Icelandic financial supervisory authority takes over Glitnir Bank
Based on new legislation, the Icelandic financial supervisory authority (IFSA) has proceeded to take control of Glitnir Bank. The bank is now under th...
Breasts not making a big splash in Copenhagen
Perhaps the thought of topless sunbathing at a chlorinated concrete public pool isn’t appealing, or it could be a hint that Danish women are actually ...
Actavis breast cancer drug approved in the US
Actavis, a generic drugs manufacturer based in Iceland, has received approval from the US Food & Drug Administration to market the generic breast ...