WASHINGTON – The American economy added 80,000 jobs in October, and job growth in the two previous months was much stronger than first thought, an encouraging sign as the nation searches for a way out of the jobs crisis. The unemployment rate dropped to 9 percent from 9.1 percent, the first time it has fallen [...]

The Supreme Court of Iceland yesterday ruled that the emergency law on prioritisation of bankruptcy claims will remain in force. In the specific case of Landsbanki, this means that British and Dutch claims to cover the Icesave debt can now be paid out. The court ruled on eleven different cases relating to the emergency laws [...]

PARIS (Reuters) – The worlds leading economies pressed Europe on Saturday to act decisively within eight days to resolve the euro zones sovereign debt crisis which is endangering the world economy. In unusually direct language, finance ministers and central bankers of the Group of 20 major economies said they expected an October 23 European Union [...]

NEW YORK – Stocks surged Tuesday, then eased off a bit, on hopes that European leaders are moving closer to a plan to contain that region’s debt crisis. The Dow Jones industrial average closed up 147 points. It had been up as many as 326 points earlier in the day. Read more…

The Prime Minister of Russia, Vladimir Putin, invited Olafur Ragnar Grimsson, President of Iceland, to a conference on Arctic shipping and other affairs of the high north. The conference started yesterday and is mainly about the new opportunities and responsibilities that will come with melting sea ice. The conference is in Arkangelsk in Russia and [...]