Glitnir to develop first geothermal power plants in India and Nepal
Nordic bank Glitnir and Indian energy company LNJ Bhilwara Group last week signed a MoU (Memorandum of Understanding) to collaborate in developing geo...
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Canadians on trade mission in Iceland
Residents of Newfoundland Canada visited Iceland last week to showcase local products for the holiday season. Representatives from 31 companies made t...
Iceland encouraged to invest in India
A delegation of Icelandic business people on an official visit to India met last week with the Indian Finance Minister, Mr. P Chidambaram. The ministe...
Glitnir bank rating unaffected by S&P outlook
Standard & Poor cut its outlook for Iceland to ‘negative’ from ‘stable’ yesterday, citing the increased risk of a hard landing for the economy. Ic...
Rising food prices push up UK inflation
Higher food prices in the UK have pushed up inflation to 2.1% in October from a previous 1.8% in September. The new rate exceeds the government’...
Landsbanki moves into Asian market
The co-chief executive of Landsbanki recently announced that the Icelandic bank has an organic growth plan for the Asian market. The bank is attemptin...
Icelandic energy to be used for data centres
Landsvirkjun, the Icelandic national power company, has decided that future energy sales negotiations will focus on server farms and solar silicon pro...
Iceland heading for housing crisis
A housing crisis has been predicted for Iceland by the Icelandic Confederation of Labour (ASÍ). Gylfi Arnbjörnsson, Managing Director, said increasing...