Burgers sold in Tesco department stores in the United Kingdom tested positive for pork and equine DNA when a Food Service Authority of Ireland examination of the products revealed some contained as much as 29% horse meat. Everything from cottage pie to beef curries, were affected with the products being sold in Tesco stores in […]
Read MoreThe economic downturn has claimed many victims: individual citizens, corporations, countries and potentially entire monetary unions (such as Greece in the euro). Iceland is no stranger to economic hardship, becoming the first nation to declare sovereign bankruptcy in years when it did so in 2008. In order to jumpstart the economy, use of the loonie […]
Read MoreIceland’s former Prime Minister Geir Haarde is the first world leader to be brought to trial for his handling of the 2008 financial crisis that bankrupted Iceland and saw the collapse of the country’s three largest banks. Geir Haarde’s response to the serious charges levied against him in Reykjavik are that he is the victim […]
Read MoreCanadian ambassador to Iceland Alan Bones planned to deliver a talk on the future of Iceland’s current currency, the Krona, but instead finds himself offering to begin talks on Iceland’s adoption of the loonie as its means of exchange. Word of the remarks apparently reached Joseph Lavoie, Foreign Minister John Baird’s press secretary, who promptly […]
Read MoreA wealthy Chinese developer has made a bid on a tract of land in Akureyri, Iceland, with such amenable features as mud pools and molten lava fields. Huang Nubo is a former Chinese government official whose claims of wanting to develop a resort have come under scrutiny by Iceland’s Interior Ministry. Some more conspiratorially minded […]
Read More