Two Israeli firms have been excluded from Norway’s USD 450 billion sovereign wealth fund for building Israeli settlements on occupied Palestinian land. Both the Africa Israel Investments holding firm and its construction subsidiary Danya Cebus have been blacklisted by the Norwegian Ministry of Finance. Read the full story

The debts of Reykjavik Energy went down by ISK 12 billion (USD 99.5 million) between the first and second quarters of this year due to the strengthening krona. Despite that, the company is to increase its prices to consumers by 28.5 percent. Read the full story

40 former Baugur Group staff members owe over ISK one billion (USD 8.3 million) combined on loans they took out to buy shares in the now-bankrupt company. Read the full story

One of Iceland’s most popular television programmes, Spaugstofan, will not be on RUV Television this winter due in part to budgetary restrictions. Read the full story

Karl Wernersson, the former owner of Milestone – an Icelandic investment company, has around ISK 1 billion (USD 8.42 million) in excess of debts – which is more than any other of Iceland’s 20 biggest bank debtors. Read the full story

A technical glitch that made an online casino a safe bet has been corrected, much to the annoyance of Swedish gamblers. The computer problem, which affected a newly launched game on the Mr Green gambling website, lasted from Monday afternoon until Tuesday morning before management cottoned on. Read the full story

The head of Iceland’s FME financial regulator says it is still too early to tell if the government will need to provide financial assistance to the banks following the Supreme Court ruling that foreign currency indexed loans are illegal. Read the full story

As youth unemployment soars in Sweden, more youngsters are fleeing across the border to Norway in an attempt to find work. A quarter of Swedes aged between 15 and 24 now find themselves outside the labour market in their home country, with the ongoing economic crisis only making matters worse. Read the full story

The Icelandic Prime Minister is to set up a committee of independent experts to investigate the privatisation of Icelandic energy companies – especially the purchase of HS Orka by Canada’s Magma Energy. Read the full story

Icelandic businessman Bjorgolfur Thor Bjorgolfsson laid huge emphasis on keeping ownership of his Reykjavik house on Frikirkjuvegur when refinancing ISK 1,200 billion of debt recently. The house was build by his great grandfather a century ago. Read the full story