News Source: The Boston Globe
| 27 days ago
Iceland— Iceland's government said Wednesday that the International Monetary Fund has agreed to release $167.5 million to help support the North Atlantic nation's struggling economy. The IMF had been putting off a decision on whether to release...
News Source: Financial Times
| 27 days ago
It is an appropriately earthy image for the former police commissioner of Akranes, a fishing town of 6,500 people on a windswept peninsula 50km north of Reykjavik. Since last January, however, Mr Hauksson has found himself hunting a very different...
News Source: The Journal Gazette
| 28 days ago
Paul Waldie Toronto Globe and Mail Icelanders like Jon Ogmundsson have endured many hardships in the last year, including soaring inflation, rising unemployment and a banking crisis so serious the country nearly declared bankruptcy. Now Icelands...
News Source: CNN
| 28 days ago
Businessman Magnus Ogmundsson, who owns the only McDonald's franchise in Iceland, said it had become too expensive to operate the restaurants after Iceland's currency, the krona, plunged in value. "The krona is quite weak and we are buying everything...
News Source: NewKerala
| 28 days ago
Import costs have rocketed as the Icelandic currency has dropped in value to other currencies in the wake of the financial crisis that hit Iceland a year ago. The first McDonald's restaurant opened 1993 and the country's then prime minister David...
News Source: Fox News
| 29 days ago
McDonald's Corp. will withdraw from Iceland later this year, shutting its two restaurants in the crisis-hit nation on Nov. 1 because of rising costs, according to media reports Tuesday. The fast-food restaurant chain said it imports all resources for...