Rising inflation in Iceland is largely a domestic problem, driven in part by excessive increases in public charges and wage hikes beyond collective agreements, according to Lilja Dögg Alfreðsdóttir, chair of the Progressive Party.

“It is clear that the economy is in trouble when the Monetary Policy Committee raises interest rates due to rising inflation at the same time as economic activity is slowing,” said Anna Hrefna Ingimundardóttir, assistant director and head of ...

Several roads in the Westfjords and North Iceland are either closed or under uncertainty due to avalanche danger, according to the Icelandic Road Administration’s website, umferdin.is.

The Monetary Policy Committee of the Central Bank of Iceland has decided to raise the bank’s key interest rate by 0.25 percentage points.

The Confederation of Icelandic Enterprise is warning that a proposed bill on spatial property units and the removal of energy infrastructure exemptions from property valuation could lead to significantly higher taxes on energy facilities, potentia...

“The Icelandic Meteorological Office’s avalanche monitoring team is focused on this area and developments are currently being closely observed,” said Hlynur Hafberg Snorrason, chief superintendent with the Westfjords police, in an interview ...

“Seven individuals have been arrested, suspected of a serious assault on two people who were injured, one of whom was taken to hospital,” said Unnar Már Ástþórsson, chief superintendent with the Capital Area Police, in an interview with mb...

Snædís Xyza Mae Jónsdóttir placed 10th in the Bocuse d’Or Europe competition, which took place in Marseille today, thereby securing a place in the Bocuse d’Or world finals, to be held in Lyon, France, next year.

Laufey held her second and final concert of the weekend last night at Kórinn in Kópavogur, bringing to a close a concert tour in which she, among other highlights, filled Madison Square Garden in New York and the O2 Arena in London twice.

“The situation is now improving. It appears that Holtavörðuheiði and the road to Blönduós have been reopened, and people have begun leaving the emergency shelters,” said Pétur Björnsson, chief superintendent with the police in Northwest...

The Icelandic Road and Coastal Administration has closed Siglufjarðarvegur and the road around Ólafsfjarðarmúli due to avalanche danger.

Bogi Nils Bogason, CEO of Icelandair, believes there is reason to review the Icelandic labor market model, saying such a review could be key to achieving greater stability in society.

A meeting on emergency oil reserves in Iceland was held this week at the Environment and Energy Agency. The contents of the meeting remain confidential, but the discussions have been in preparation for some time.

Rescue teams have reached the cross-country skiers who were on Hofsjökull glacier and requested assistance this morning. They sent out a distress call earlier today, saying they had become wet and cold but were staying put. Rescue teams set out t...

The weather was calm and pleasant when Davíð Oddsson, former prime minister, mayor of Reykjavík, governor of the Central Bank of Iceland, and editor of Morgunblaðið, was laid to rest from Hallgrímskirkja today.

Flags have been flown at half-mast at ministry buildings in Reykjavík today in connection with the funeral of Davíð Oddsson, former prime minister, mayor of Reykjavík, governor of the Central Bank of Iceland, and editor of Morgunblaðið.

Davíð Oddsson, editor of Morgunblaðið and former mayor of Reykjavík, prime minister, and governor of the Central Bank of Iceland, who passed away on March 1, will be laid to rest today.

Rescue teams from both the north and south sides of Holtavörðuheiði headed to the mountain pass this morning to free vehicles that became stuck there after last night’s severe weather and overnight storm.

The case known in Iceland as the terrorism case was referred back to the Court of Appeal yesterday after the court's previous ruling was invalidated.

An earthquake measuring 3.7 occurred just before 12:00 today in Torfajökull glacier, about three kilometers west of Landmannalaugar.