High methane levels in Svalbard
Methane was found bubbling on the sea bed in the Svalbard Islands, according to the Barents Observer. More than 250 plumes of methane bubbles were dis...
Business
Information and news on Business and Finance related issues
Icelandic Parliament says yes to Icesave deal
49 MPs said yes to the changed version of the Icesave deal, passing it through Parliament at around 23.00 last night. This disputed matter has shaken ...
Mar Gummundsson takes over as Governor of the Central Bank of Iceland
Press release from the Central Bank of Iceland: Már Guðmundsson took over from Svein Harald Øygard as Governor of the Central Bank today. Since 2004, ...
Eimskip shipping company no longer sinking
Eimskip, the largest shipping company in Iceland, announced yesterday that its 57 unsecured creditors have agreed to swap their loans for equity, acco...
Copenhagen’s new Ferris wheel is hard to miss
Move over Little Mermaid, a massive 50 metre-high Ferris wheel could mark the beginning of a new iconic era in Denmark’s capital city. The Ferris whee...
Saab sales in Sweden hit rock bottom
It’s not a good time to be a car dealer in Sweden. The lingering economic recession affected consumer car sales to the tune of a 13.9 percent drop in ...
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...
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...