New Kaupthing and Islandsbanki recapitalisation announced
Further to the announcement of 20 July 2009 and following shareholder meetings of Islandsbanki and New Kaupthing today, the Government of Iceland is p...
Business
Information and news on Business and Finance related issues
High fashion fails to excite in Copenhagen
Copenhagen’s normally vibrant Fashion Week began with a yawn and ended with a whimper as all three of its main shows reported a sharp drop in attendee...
Icelanders getting more cash for less trash
Icelanders have been producing less waste and landfill and have been recycling much more than in previous years, according to Frettabladid. Operation ...
Iceland policy rate unchanged
The Monetary Policy Committee of the Central Bank of Iceland has decided to hold the policy interest rate unchanged at 12.0 percent. Interest rates on...
Advantages and disadvantages of changing Iceland’s monetary policy framework
From the Central Bank of Iceland: The Prime Minister of Iceland has requested the Central Bank to assess the advantages and disadvantages of changing ...
Greenpeace out to save the Nordic cod
Despite the vocal protests of the Swedish government, Greenpeace has started its plan to drop large boulders into the Kattegat sound between the Danis...
StatoilHydro in trouble for CO2 emissions
StatoilHydro, the gas and oil giant, has found itself in trouble with the Norwegian Pollution Control Authority over excessive CO2 emissions from its ...
Stockholm’s jumbo jet hostel needs emergency landing
Just seven months after it opened its hatch for business, the world’s first hostel built within an abandoned jumbo jet has been put up for sale. The n...