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Business

People hiking

‘Too Much Equality’ Problem

A highly unusual situation arose yesterday at insurance company VÍS: the planned election of a new board of directors was cancelled due to Iceland’s controversial gender quota. But in this rare instance, it was because there were not enough men standing for election.

Aluminum smelter in Straumsvík.

Rio Tinto Managers Load Ship with Aluminum

A ship carrying three thousand tons of aluminum from Rio Tinto Alcan in Straumsvík will leave harbor this afternoon, headed for the Netherlands, despite the limited strike meant to prevent all shipping of aluminum from the harbor.

Money

Huge Bonus Payments Cause Fury

ALMC, an asset management company, formerly known as Straumur-Burðarás Investment Bank, has paid between 20 and 30 current and former employees bonuses, estimated to amount to ISK 3.3 billion (USD 25.5 million, EUR 23 million).

Ash Wednesday 2015.

Candy Older than Kids

When the children in Seyðisfjörður brought their candy home on Ash Wednesday, what awaited them were no sweet tidings.

Landsbankinn

Borgun Sale ‘a Blunder’?

An “obvious blunder” is what Prime Minister Sigmundur Davíð Gunnlaugsson last night called Landsbanki bank’s sale of its shares in the electronic payment service company Borgun in 2014.

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