The annual rate of inflation in Iceland has dropped to 8.6 percent in November, compared to 9.7 percent in October. This is the lowest it has been since autumn 2007; but still a long way from the Central Bank of Iceland’s targeted 2.5 percent. Press...

The long-awaited reply from British Prime Minister Gordon Brown to a letter sent in August by his Icelandic counterpart, Johanna Sigurdardottir has been received in Reykjavik. The letter evades Sigurdardottir’s request for a personal...

An anti-domestic violence internet video game has been panned by critics who claim the effect is opposite to what was intended, with many believing that it encourages abuse rather than condemning it. Viewers of hitthebitch.dk are invited to play an...

Mar Gudmundsson, Chairman of the Central Bank of Iceland has confirmed that a portion of the promised loan to Iceland from the Scandinavian countries will be requested before the beginning of December and will hopefully be received before...

(UPDADTED 26 November) The office of Iceland’s Special Prosecutor into the banking crisis yesterday carried out searches at the headquarters of Byr savings bank and MP Bank. The issue concerns the purchase, by a holding company called Exeter, of...