A series of raids by Denmark’s tax authority have revealed that a huge proportion of bakers are not declaring their ‘dough’. Read the full story

Foreign claimants on the estates of bankrupt Icelandic banks Kaupþing, Glitnir and Landsbanki will be paid recovered funds up to ISK 450 billion (EUR 2.82 billion) in Icelandic krónur in the next year or so, and they will not be able to convert into foreign currency. Read the full story

A retired Finnish couple and their friend have been found shot dead in a sugar cane field near their winter home in Brazil. Read the full story

Next year’s national budget bill has been approved by Iceland’s Alþingi parliament after a marathon voting session. Read the full story

The sale of red noses began in Iceland this Friday, and it had nothing to do with the weather. Read the full story

An Icelandic economist says the Central Bank of Iceland’s intention to use investment as a way to reduce the risk associated with removing currency exchange restrictions is a good one; but that questions should still be asked about whether or not the Icelandic króna is a viable currency. Read the full story

Greenland’s Premier Kuupik Kleist has said that he sees a future of co-operation with China, including possible membership to the Arctic Council. Read the full story

The Icelandic Minister of Finance says that it is not wasteful for the state to pay ISK 300 million of taxpayers’ money to buy two plots of land owned by the Reykjanesbaer municipality. Read the full story

Not wanting to be seen as Scrooges, the Norwegian capital Oslo has decided against scrapping its annual Christmas tree gifts to Rotterdam, Reykjavik and London, despite the the cost to the Norwegian taxpayer. Read the full story

The Icelandic search & rescue organisation ICE-SAR (known domestically as Landsbjorg) sold over 60,000 plastic figures in its annual Neydarkall appeal at the weekend, raising ISK 90 million (EUR 568,000). Read the full story