Controlant Implements Significant Layoffs Amidst Strategic Restructuring Controlant Announces New Layoffs Today, Icelandic tech company Controlant announced the termination of fifty employees. This follows a previous layoff at the end of August where 150 employees were let go across Controlant’s operations in five countries. The company, which experienced rapid growth during the COVID-19 pandemic, is … Read more
Cost Overruns and Delays Plague New Nursing Home Construction in Hornafjörður The construction of a new nursing home in Hornafjörður has encountered significant financial and logistical setbacks. Originally budgeted at approximately 1.9 billion ISK, the project is now expected to cost nearly 2.6 billion ISK, a 700 million ISK overrun. The delays stem from the … Read more
Significant Surge in Iceland Stock Exchange: A 19% Rise in Index The Iceland Stock Exchange has witnessed a substantial increase in recent months, with the main index climbing by nearly 19% since the autumn. Economists attribute this trend largely to expectations of declining interest rates. The index began its sharp ascent in the autumn following … Read more
Ábyrgar Framtíðar’s Key Election Issue: Addressing the Aftermath of the Covid-19 Pandemic Guðmundur Karl, a prominent figure in the Ábyrgar Framtíðar party, has identified the primary election issue as the evaluation and assessment of the Covid-19 pandemic and the governmental responses to it. Speaking with urgency, he emphasized, “We need to address this matter and … Read more
Controversial Remarks by Donald Trump’s Son on U.S. Military Policy Donald Trump Jr. Criticizes U.S. Military Strategy Donald Trump Jr., son of the former U.S. President and a prominent public figure, recently made headlines with his controversial statements regarding the U.S. government’s military policy. He openly criticized the administration for allowing the use of long-range … Read more
Historic Achievement for Iceland in Pair Skating Júlía Sylvía Gunnarsdóttir and Manuel Piazza made headlines over the weekend as they competed together for the first time at the NRW Trophy, an international competition held in Dortmund, Germany. The pair, who began skating together in June, participated in both the short program and free skate over … Read more
Iceland Women’s Handball Team Gathers Ahead of European Championship The Iceland women’s national handball team has convened today for training and preparation ahead of the European Championship, which kicks off next week. Among the seasoned players is Steinunn Björnsdóttir, who is set to embark on her first major tournament. At 33, the line player has … Read more
Growing Pressure on Olaf Scholz as SPD Faces Internal Discontent In Germany, the Social Democratic Party (SPD) is experiencing growing internal pressure regarding the renomination of Chancellor Olaf Scholz for the upcoming parliamentary elections. According to the German news outlet Tagesschau, there is increasing speculation within the party that Scholz may not be the best … Read more
Youngest Mayor in Tórshavn’s History Takes Office In a historic move, Tórshavn, the capital of the Faroe Islands, will welcome its youngest mayor to date in January next year. Elsa Berg, aged 28, is set to become the new mayor after securing the most votes in the recent municipal elections held a week ago. Berg, … Read more
UN Security Council Reviews Draft Resolution to End Sudan Conflict The United Nations Security Council is set to deliberate today on a draft resolution calling for an immediate cessation of hostilities in Sudan. The warring factions, composed of the Sudanese government forces and the Rapid Support Forces (RSF), are urged to immediately halt fighting and … Read more