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News about Iceland Economy

Stay current with all the latest and breaking news about Iceland Economy, compare headlines and perspectives between news sources on stories happening today. In total, 79stories have been published about Iceland Economy which Ground News has aggregated in the past 3 months.

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"They Become Cattle": the Models OnlyFans and Mym, Young Women Trading at a Price Between "Agents"

Olympics · Paris

"They Become Cattle": the Models OnlyFans and Mym, Young Women Trading at a Price Between "Agents"

100% Right coverage: 1 sources

INQUIRY - Young profitors propose to manage networks of pornographic content creators, for a very high commission. An activity that allows them to recover millions of euros and enjoy a growing business.See the Story

Majority of Icelanders Earn Below Average Salary

Wages · Iceland

Majority of Icelanders Earn Below Average Salary

100% Left coverage: 1 sources

New data from Statistics Iceland on wages for 2024 show that regular monthly wages, when looking at all employees regardless of employment rate, were on average 758 thousand ISK. For those working full-time, the average rises to 845 thousand, while the median wage – which says more about the actual distribution – is 753 thousand ISK. This means that 65 percent of people in...See the Story

Can Iceland help the U.S. clean up its aluminum industry?

Business · Iceland

Can Iceland help the U.S. clean up its aluminum industry?

100% Center coverage: 1 sources

Aluminum is omnipresent in our modern world, but its production comes with a heavy carbon footprint. With Trump’s tariffs driving up prices, we’re reminded that it shouldn’t be wasted—and Iceland may hold the key to its circularity. DTE, a Reykjavik-based startup rooted in the tiny island’s world-class aluminum industry, has partnered with American aluminum heavyweight Novelis to help it dramatically increase its use of recycling content to 75%.…Read Article

Cod Catch Limit Lowered and Stock Expected to Continue to Decline

The Marine Research Institute has published an assessment of the state of commercial stocks and advice for the next fishing year. The cod catch limit will decrease by four percent, while the haddock catch limit will increase by three percent. The catch limit for golden redfish will decrease the most, by twelve percent, while the Icelandic summer spawning herring is the highest jumper of the year with a 27 percent increase in the catch limit.Stock Markets · Iceland See the Story

Fear that It Will Be Difficult to Bring Inflation Down

Central Bank Governor Ásgeir Jónsson says the economy has been overstretched. Inflation has fallen below four percent, but it will be difficult to get it lower. Ásgeir discussed the economic outlook on Morgunútvarpin on Channel 2. Although inflation has fallen to 3.8%, Ásgeir says he fears it will be difficult to get it lower. There are several reasons for this. "Firstly, to some extent, inflation has become so entrenched in the system. I mean, …Economy · Iceland Read Article

The Imbalance that the World Is Experiencing – and It Hits Bakki

The underlying imbalances in international trade have become systemic in recent decades. The consequences are no longer just economic – they have increasingly clear political implications.Trade · Iceland Read Article

From Iceland — Ten Percent Of Icelanders Buy A Bank

We’re buying bank shares like it’s 2007 The Icelandic state just sold its remaining shares in Icelandic bank Íslandsbanki, a bank it was forced to take over in 2008 when Iceland’s economy collapsed. In 2021 and 2022, Katrín Jakobsdóttir’s government sold 35 percent and 22.5 percent of its shares, respectively. The latter sale was contested after the publication of the list of buyers, which included the father of former financial minister Bjarn…Economy · Iceland Read Article

Inflation Eased and Is Now at 3.8 Percent.

Inflation is measured at 3.8%, down from 4.2% last month, according to new figures from Statistics Iceland. The consumer price index rose by 0.20% from April, but by 0.02% if housing is not included. Inflation has generally been on the decline for the past two years, but it did rise last month. It is now the same as in March. Food and beverage prices rose by 0.69% and housing costs by 0.73%. International airfares, however, fell by 7.3%.Inflation · Iceland Read Article

Interest Rates Are Falling at Íslandsbanki

Íslandsbanki has lowered interest rates on loans and deposits, and the changes will take effect on June 3rd. The decision follows the Central Bank's policy rate cut of 0.25 percent on May 21st.Central Bank · Iceland See the Story

Purchasing Power of Wages Expected to Continue to Increase

The purchasing power of wages has increased by 3.9% last year. Although the pace of wage increases has slowed in recent years, it can be assumed that purchasing power will continue to increase in the coming months. This is stated in Landsbankinn's new economic forecast. Over the weekend, Statistics Iceland published an updated measurement of the wage index for April. It rose by 1.8% from the previous month and has risen by 8.2% over the past yea…Wages · Iceland Read Article

Purchasing Power of Wages Expected to Continue to Increase

The purchasing power of wages has increased by 3.9% last year. Although the pace of wage increases has slowed in recent years, it can be assumed that purchasing power will continue to increase in the coming months. This is stated in Landsbankinn's new economic forecast. Over the weekend, Statistics Iceland published an updated measurement of the wage index for April. It rose by 1.8% from the previous month and has risen by 8.2% over the past yea…Javier Milei · Argentina See the Story

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