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Iceland
The front page of Heimildin features a mix of international and domestic news. Top international stories include Meta settling a lawsuit over social media harm, oil companies profiting from Middle East conflicts, and Novaya Gazeta ceasing operations due to government pressure. Domestically, the…
Meta has settled a lawsuit out of court regarding alleged harm caused by social media to minors, with plaintiffs starting their usage at 13 and 15 years old; TikTok and YouTube have also settled, leaving Snap as the sole defendant.
Oil giants are making substantial profits from the war in the Middle East.
Nearly forty witnesses have been summoned for the main hearing of a stalking case, which will take place over four days starting Monday.
Novaya Gazeta has stopped its operations due to pressure from the authorities.
Europe does not expect US support for Ukraine, even with a landslide Democrat victory in the congressional elections; fears are that Trump's defeat could drive him to extreme actions on the international stage.
SORPA has terminated ten employees and decided not to renew fixed-term contracts for seven others, resulting in a seven percent reduction in staff, following extensive layoffs by Reykjavík City amidst rising unemployment.
Reykjavík Mayor Hildur Björnsdóttir denies that the majority had to backtrack on plans for efficiency improvements at the City Library due to protests, stating that closing libraries is not planned.
Arion Bank's profit increased by half a billion ISK in the third quarter year-on-year, reaching 8.7 billion ISK with a return on equity of 16.3%; the CEO criticizes the proposed bank tax hike, which could cost the bank 1.7 billion ISK this year.
The consumer price index rose by 0.44% in October, mainly due to higher fuel prices.
Guðný Helga Herbertzdóttir is the sixth woman to lead a company on the Iceland Stock Exchange following leadership changes at Skaga; women in top executive positions have increased but still represent just over one-fifth of CEOs, with no women leading banks, real estate firms, or fishing companies.
The consumer price index increased by 0.44% month-on-month, but the twelve-month inflation rate remained unchanged.
Islandsbanki's profit for the first three months of the year amounted to 7.3 billion ISK.
