Iceland

McDonald's leaving Iceland

Seamus Esparza — Tue, 27 Oct 2009 18:33:44 -0500

The first country to be hit hard by the recent economic downturn, Iceland, will be loosing its' two McDonalds. Considered a microcosm for the world's financial systems, until the global credit crunch of last year it was a financial miracle with the highest GDP per capita in the world.

Iceland Drops Mortgage Rates To 4.7%

Armen Hareyan — Tue, 12 May 2009 08:28:11 -0500

Iceland’s Housing Finance Fund (Íbúðalánasjóður) today lowered its interest rates. The general mortgage rate has now fallen to 4.7 percent from 4.9 percent. Interest on mortgages without prepayment clause is now 5.2 percent instead of 5.4.

Iceland Government Takes Office, Quick Help If Joins EU

Armen Hareyan — Sun, 01 Feb 2009 07:52:48 -0600

The newly formed Icelandic coalition, interm government will take office today, according to a coalition leader. The new government will also include a new prime minister, Jóhanna Sigurðardóttir, the country's and the world's first openly gay prime minister. A commissioner in Brussels has suggested that Iceland could be fast tracked to join the European Union (EU) by 2011.

Iceland Economy Bankrupt, Government Collapses

Armen Hareyan — Mon, 26 Jan 2009 16:10:31 -0600

Iceland's coalition government resigns after the economy goes bankrupt. Thus Iceland becomes the first casualty of the falling global economy.

Riots In Iceland Due To Financial Crisis

Armen Hareyan — Tue, 25 Nov 2008 08:24:27 -0600

Riots take place in Iceland today due to the current financial crisis. People have gone on the streets of Reykjavik revolting against the financial crisis, corrupt ministers and he authorities who caused it.

Strong Iceland Earthquake Hits Near Reykjavik

Armen Hareyan — Thu, 29 May 2008 13:03:15 -0500

A strong earthquake occurred in Iceland today, about 30 miles southeast of Reykjavik at 11:46 EST, reports IceNews. The earthquake was felt in Reykjavik but nothing fell down from walls, according to the news agency.

Kaupthing Bank recalls USD 4.4 billion transaction

seher — Wed, 30 Jan 2008 14:16:54 -0600

Iceland's biggest bank Kaupthing Bank Hf. canceled the 3 billion-euro ($4.4 billion) purchase of Dutch investment bank NIBC Holding NV because of 'instability in the financial markets.''

Iceland best place to live, UN says

Dinka — Wed, 28 Nov 2007 12:00:10 -0600

Iceland is the world's most desirable country to live in, followed by Norway and Australia, according to an annual United Nations table.

Iceland stops commercial whale hunt

Anastvatz — Mon, 27 Aug 2007 03:01:08 -0500

In a setback to the whaling industry worldwide, Iceland's fisheries minister has just announced he will not issue further commercial whale-hunting quotas.

Ice Age survivors in Iceland

harminka — Fri, 20 Jul 2007 06:01:51 -0500

Many scientists believe that the ice ages exterminated all life on land and in freshwater in large parts of the Northern Hemisphere, especially on ocean islands such as Iceland.

What do Angelina Jolie, Clint Eastwood, and James Bond Have in Common? Iceland

Armen Hareyan — Tue, 09 Jan 2007 14:47:06 -0600