Iceland Financial News

Iceland, the world's most gender equal country, is set to elect a woman as president for the second time in its history.

Lava continues to spurt from a volcano in southwestern Iceland but the activity has calmed significantly from when it erupted

A volcano in southwestern Iceland is erupting, spewing red streams of lava and triggering the evacuation of the popular Blue Lagoon geothermal spa

EBAday has provided this to the Finextra and EBA community, year on year, for 18 years and will again in Lisbon at the CCL from 18-19 June 2024, leading the conversation on orchestrating the dialogue on payments and the advantages of collaboration.

volcano in southwestern Iceland erupted Wednesday, spewing red streams of lava in the latest display of nature's power, triggering the evacuation of the popular Blue Lagoon geothermal spa. The eruption began in the early afternoon following a series of earthquakes north of Grindavik, a coastal town of 3,800 people that was also evacuated. The Met Office said lava was shooting about 50 meters (165 feet) into the sky from a fissure about 1 kilometer (1,100 yards) long.

Federal Reserve Governor Christopher Waller said on Friday it's possible that a key underlying interest rate that influences the potency of monetary policy may rise in the future after years of declines, but it's too soon to say if that will happen. «There has been a lot of debate during the past year as to whether or not 'R-star' has increased,» Waller said in a speech to the Reykjavik Economic Conference in Iceland.

Singapore Airlines flight that encountered a «sudden extreme turbulence» over the Irrawaddy Basin at 37,000 feet, the flag carrier of Singapore said on Tuesday. The traumatic incident in which the aircraft descended 6,000 feet in about three minutes, left a 73-year-old British man dead and more than two dozen other passengers injured. The British man, who was not yet identified, «likely» died from a heart attack, the General Manager of Suvarnabhumi Airport Kittipong Kittikachorn said.

₹8,200) It is important to know that the Schengen area covers 29 countries, including 25 European countries. The countries that are part of the Schengen area are Germany, France, Italy, Spain, Norway, Switzerland, Poland, Portugal, Romania, Luxembourg, Belgium, Bulgaria, Croatia, Czech Republic, Denmark, Estonia, Greece, Latvia, Lithuania, Hungary, Malta, Netherlands, Austria, Slovenia, Slovakia, Finland, Sweden, Iceland, and Liechtenstein.

PlayStation 5/4, Xbox X/S, Nintendo Switch, iOS, Android and PC users will have new video games to play this week. Here are two new video games that will be released this week for gamers. Hellblade: Senua’s Sacrifice rattled unsuspecting gamers in 2017 with a story in which the scariest monsters may or may not have sprung from the protagonist’s own psychosis. Things haven't gotten much easier for her as "Senua's Saga: Hellblade II" video game begins — it’s not like mental health care was a high priority among the Vikings in 10th century Iceland. Still, Senua is determined to rescue “those who have fallen victim to the horrors of tyranny,” though the question remains: Can she do it without losing her mind? British developer Ninja Theory is promising a 'brutal' follow-up to one of the most haunting and nerve-racking games in history, so consider yourself warned, as per a report on AP report.

CERT-In’s latest security bulletin, the vulnerabilities in Google Chrome could allow a remote attacker to compromise a user's system. The issues identified include a use-after-free error in the visuals and angle components and a heap buffer overflow in WebAudio.

₹5,000 crore may be offered for developing the ecosystem for building inland vessels in the country to support movement of cargo on national waterways. Capital support may also be considered for producers of sea bound vessels at a later stage. At present 14 PLI schemes with an outlay of ₹ 1.97 trillion are under implementation for five years from FY22.

Germany. According to the European Union's official website, the rules have been updated in view of strengthened relations between European Union and India under EU-India Common Agenda on Migration and Mobility. This agenda seeks comprehensive cooperation on migration policy between the European Union and India, with facilitation of people-to-people contacts being of key aspect due to the importance of India as a partner for the EU.

The public portion of a Panamanian trial of more than two-dozen associates accused of helping some of the world’s richest people hide their wealth has come to an unexpectedly speedy conclusion

Eight years after 11 million leaked secret financial documents revealed how some of the world’s richest people hide their wealth, more than two dozen defendants are on trial in Panama for their alleged roles

Iceland has stood out as a catcall for Indian football fans. With a population of 3.82 lakh — about the population of Latur in Maharashtra in 2011 — its national football team features regularly in the highly competitive stratosphere of European tournaments. In the 2018 World Cup, it reached the group stage, drawing with Argentina in their opening match.

Panama Papers" money laundering started Monday in a Panamanian criminal court. Those on trial include the owners of the Mossack-Fonseca law firm that was at the heart of the 2016 massive document leak.

Panama Papers Scandal: Twenty-seven people are set to go on trial on Monday for money laundering in connection with the "Panama Papers" tax evasion scandal, which revealed how many of the world's wealthy stashed assets in offshore companies. The 2016 revelations rocked governments, exposed high-profile personalities, triggered scores of investigations around the world and dealt a blow to Panama's reputation as an offshore financial hub. The defendants due to go on trial in a Panamanian criminal court include Jurgen Mossack and Ramon Fonseca Mora, the founders of the now-defunct law firm at the centre of the scandal.

money laundering in connection with the «Panama Papers» tax evasion scandal, which revealed how many of the world's wealthy stashed assets in offshore companies. The 2016 revelations rocked governments, exposed high-profile personalities, triggered scores of investigations around the world and dealt a blow to Panama's reputation as an offshore financial hub.

«India's export trade expansion has been impressive in spite of global challenges in 2023,» the official said. India's merchandise exports have recorded healthy growth in European nations like Romania, Czech Republic, Montenegro, Finland, the Netherlands, Portugal, Luxemburg, Iceland, Ireland, and Austria.

Romania and Bulgaria partially joined Europe’s Schengen ID-check-free travel zone, marking a new step in the two countries’ integration with the European Union

Helsinki's vibrant Bohemian northern district, a long breadline snaked down Helsinginkatu and then up Kustaankatu. Nearly 500 people were waiting in the freezing queue for the weekly handout of free food. Breadlines became a familiar phenomenon in Finland since the recession years of the early 1990s. It's looming again. In 2023, GDP declined 0.5% and Finland's central bank says while inflation is easing and households' purchasing power rising, GDP could contract by a further 0.2% in 2024. On the same Wednesday morning, the UN-sponsored World Happiness Report (WHR) declared Finland as the happiest country in the world for the 7th year running. As in the past, other Nordic countries, Denmark, Iceland, and Sweden were cheek by jowl to Finland.