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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, 77stories have been published about Iceland Economy which Ground News has aggregated in the past 3 months.

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Top Iceland Economy News

Discount Carrier Play Airlines to End All US Flights by October - The Points Guy

Money · Iceland

Discount Carrier Play Airlines to End All US Flights by October - The Points Guy

100% Center coverage: 1 sources

Icelandic discounter Play Airlines will end all flights to the U.S. in October, exiting the market 3 1/2 years after betting that transatlantic flyers would flock to its low fares. Play will end flights from Keflavik International Airport (KEF) to New York Stewart International Airport (SWF) on Sept. 1, to Boston Logan International Airport (BOS) on Sept. 15 and to Baltimore/Washington International Thurgood Marshall Airport (BWI) on Oct. 24, ac…See the Story

"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

The Collective Bargaining Round Results in Increased Purchasing Power

Wages · Iceland

The Collective Bargaining Round Results in Increased Purchasing Power

The purchasing power of wages increased by just over four percent from the beginning of the current collective bargaining cycle in February last year to January this year. This is stated in the spring report of the Wage Statistics Committee, which was published today. According to it, purchasing power increased more in the private sector than in the public sector. However, this is explained by the fact that wages there had increased twice during…Read Article

Inflation Will Persist Throughout the Year

Inflation is now 3.8 percent after a slow decline so far this year, but further deflation is not in the cards in the coming months, according to economists at Landsbanki. On the contrary, it is expected to increase slightly. Inflation is expected to be 3.9 percent in June, the main difference being the increase in airfares, which usually increase due to increased demand at this time of year, and the increase in rents. On the other hand, gasoline…Inflation · Iceland 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

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...Wages · Iceland See the Story

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%.…Business · 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

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