The SFO have decided to drop their investigation into the collapse of Icelandic bank Kaupthing and its subsidiaries. They are currently considering dropping the investigation against two of the bank's former advisers, Vincent Tchenguiz and … more
In January this year Iceland's National Energy Authority announced it had created the world's first magma-based geothermal energy system after drilling 1.3 miles through the earth's crust and hitting magma - only the second time magma has ever been reached. We find out how the project is progressing six months on and whether the project could be replicated anywhere else.
A commodity currency is a name given to currencies of countries which depend heavily on the export of certain raw materials for income. These countries are typically developing countries, eg. countries like Burundi, Tanzania, Papua New Guinea; but also include developed countries like Australia and Iceland. In the foreign exchange market, commodity currencies generally refer to the Australian Dollar, Canadian Dollar, New Zealand Dollar, and the South African Rand.