ICELAND

'Euro can be saved if PIGS bow out'

Large euro sign installation is seen in front of the European Central bank headquarters in Frankfurt
The crisis-hit peripheral countries have more of a 'solvency problem' than a liquidity problem and their public finances cannot be brought to order without leading to a deep and prolonged recession, as long as they are part of the eurozone, analysts have said.
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Iceland nears Icesave deal with UK, Dutch: report

Iceland is within days of reaching a deal with Britain and the Netherlands on repaying the more than $5 billion paid to Landsbanki Icesave accounts holders after the bank collapsed, according to a report late on Saturday.
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Did Turkey help al-Qaeda in Iraq? Wikileaks' release may have answer

According to the London-based daily al-Hayat, the WikiLeaks release includes documents showing Turkey has helped al-Qaeda in Iraq, So far, the countries making rounds in news and on Twitter which may figure in Wikileaks' release include the United Kingdom, Canada, Australia, Denmark, Norway, Israel, Iraq, India, China, Turkey, Russia and Iceland.
A humpback whale's tail comes out of the water during a ride on the Les Ecumeurs boat on the St. Lawrence river at Les Escoumins, Quebec, August 13, 2009.

U.S. condemns Iceland's whaling ways

Iceland’s decision to resume international trade in whale meat with Japan brought a sternly worded response from U.S. Commerce Secretary Gary Locke.
The Northern Lights

Astronomy tourism: world’s best places for star gazing

From the clear skies of Canary Islands in Atlantic Ocean to the Northern lights that marvel in the skies on North Pole, here is a list of best places for enjoying astronomy tourism in the world. Read on and the next time you are planning a vacation, these places are sure to top your list of destinations.
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Iberia first-half loss narrows

Spain's Iberia posted a narrower-than-expected first-half operating loss on Friday as improving business travel and air cargo demand countered the negative impact of a volcanic ash cloud in April.
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AIG tops view and starts talks on govt exit

American International Group Inc reported better-than-expected quarterly results on Friday and said it had started talks on disentangling itself from the U.S. government.
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Base Metals recover in July, outlook positive'

The base metals have recovered from the depressed levels of early June with prices trending higher in July and hence Natixis Commodity Markets maintains a positive view for base metals. The impact of escalating sovereign debt crisis in Europe and unctertainy over China's efforts to curb excessive credit creation which were the main concerns of the first quarter of 2010 has eased, Natixis Commodity Markets maintains.
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Special Report: After euro zone crisis, what next?

It was after 1 a.m. on Monday May 10 when a little-known Dutch civil servant made the suggestion that may have saved the euro. European finance ministers had come together in Brussels late on the Sunday afternoon to thrash out a rescue package to stabilize the common currency. Unconvinced by a 110 billion euro deal for debt-laden Greece eight days earlier, the markets had knocked the euro 4 percen...
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Ash cloud hangs over Berlin air meetings

Top executives of the world's biggest airlines will gather in Berlin this weekend, seeking elusive answers to the future of the industry as they move past the financial crisis and the damage from Iceland's ash cloud. The International Air Transport Association holds its annual meeting in the German capital from June 6-8, followed by the ILA Berlin Air Show from June 8-13.
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BA and striking union hold talks

Talks between British Airways Plc and officials from the Unite trade union were adjourned on Tuesday with no agreement reached to resolve a dispute with cabin crew staging the latest in a series of strikes.
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BA, striking union hold talks

British Airways Plc and officials from the Unite trade union plan were holding talks on Tuesday to try to resolve a dispute with cabin crew staging the latest in a series of strikes.
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BA, striking union plan further talks

British Airways Plc and officials from the Unite trade union plan further talks later on Tuesday to try to resolve a dispute with cabin crew staging the latest in a series of strikes.
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Union warns British Airways of further strikes

British Airways could face even more strike disruption this summer unless it resolves a dispute with cabin crew over travel perks, the co-leader of Britain's biggest union Unite said on Monday.
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EasyJet plans suit over ash flight ban-report

Budget airline easyJet plans a class action lawsuit to win compensation for flight bans imposed by Europe's air safety authorities following a volcanic eruption in April, its chief executive told a German magazine.
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British Airways cabin crew begin second 5-day strike

Members of a British Airways cabin crew union began a second five-day strike on Sunday after talks held last week aimed at resolving the long-running dispute ended without agreement. The new wave of industrial action by the airline's cabin staff started officially at midnight (7 p.m. EDT) with little sign on the horizon of a breakthrough in the increasingly bitter row.
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BA and union talks adjourned without deal

Talks between British Airways and the union Unite which represents striking cabin crew were adjourned without the parties reaching an agreement, the mediator Acas said on Friday.
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BA strike plans on track, no peace talks planned

British Airways flew to the majority of its destinations worldwide on Monday despite the start of a five-day strike by cabin crew, it said, adding no further negotiations with unions were imminent.

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