Tag: Iceland

• Friday, October 3rd 2014 - 21:00 UTC

  The world's 10 biggest energy gluttons

  

  Next time you get into your car and drive to the supermarket, think about how much energy you consume on an annual basis. It is widely assumed that Westerners are some of the world's worst energy pigs. While Americans make up just 5% of the global population, they use 20% of its energy, eat 15% of its meat, and produce 40% of the earth's garbage.

• Tuesday, April 24th 2012 - 06:25 UTC

  Iceland forgives ex PM for 2008 financial crisis and meltdown of the economy

  

  Former Icelandic PM Geir Haarde has been found not guilty of negligence over the 2008 financial crisis that saw the island's economy go into meltdown. A special court in Reykjavik said Mr Haarde would face no punishment and his legal expenses would be paid for.

• Wednesday, September 21st 2011 - 02:10 UTC

  Roubini suggests Greece default on its debts and follow Argentina’s 2001 example

  

  The economist who predicted the credit crunch and financial crisis has recommended that Greece leave the Euro, default on its debts and return to the drachma.

• Tuesday, September 20th 2011 - 01:12 UTC

  US diplomatic measures to make Iceland desist of its whaling activities

  

  US President Barack Obama announced diplomatic measures to be taken by the United States against Iceland in condemnation of its whaling activities.

• Wednesday, May 5th 2010 - 21:28 UTC

  Fresh Volcanic Ash Cloud Delay Hundreds of Flights in Scotland and Ireland

  

  Thousands of passengers are facing long delays after airports in Scotland and Ireland closed because of a fresh cloud of volcanic ash from Iceland. Flights have been grounded in Glasgow, Prestwick and Derry since 0700 BST, while the airspace over Dublin, Belfast and Edinburgh has also since closed.

• Saturday, May 1st 2010 - 00:59 UTC

  Iceland Displeased with Whale Hunting Quota Threatens to Pull Out of IWC

  

  Twelve member countries of the International Whaling Commission (IWC)—an 88-country organization created in 1946 to monitor the whaling industry—have proposed catch quotas for the next ten years for countries that hunt whales.

• Tuesday, April 27th 2010 - 18:03 UTC

  IATA Praises European Relief Measures for Airlines Affected by Volcanic Ash Plume

  

  The International Air Transport Association (IATA) openly supported the announcement by the European Commission of a comprehensive program to provide relief to the air transport sector in the aftermath of extra-ordinary airspace closures resulting from the ash plume of an Icelandic volcano.

• Saturday, April 24th 2010 - 07:28 UTC

  Volcanic Ash Cloud Costs European Tourism 2.3 Billion USD Losses

  

  Air traffic disruptions caused by the volcanic ash cloud from Iceland inflicted losses on the European tourism sector worth 2.3 billion dollars (1.7 billion Euros), the United Nations World Tourism Organization (UNWTO) estimated Friday.

• Friday, April 23rd 2010 - 02:41 UTC

  Ash-cloud travel restrictions cost Spain’s tourism industry 259 million Euros

  

  Spanish tourism lost 252 million Euros over six days because of travel restrictions caused by the volcanic ash cloud which grounded air traffic in Europe, industry body Exceltur said on Wednesday.

• Wednesday, April 21st 2010 - 16:48 UTC

  Ash-cloud cost airlines 1.7 billion; IATA calls for government compensation

  

  The International Air Transport Association (IATA) estimated that the Icelandic volcano crisis cost airlines more than 1.7 billion US dollars in lost revenue through Tuesday—six days after the initial eruption. For a three-day period (17-19 April), when disruptions were greatest, lost revenues reached 400 million USD per day.