A small Icelandic company has won its case against the finance company Lýsing that its loan contract agreement for the purchase of machinery was illegal. The ruling is a blow to embattled financiers, but will be welcomed by many businesses still struggling with debt. Read the full story

The recent spate of retail news in Iceland continues with Time Magazine’s look at Icelandic fashion designers and the proposed takeover of some of the country’s biggest retailers by the man on the street. Read the full story