Some of the companies planning to store data at Verne Holding’s new Icelandic data centre, including the computer giant IBM, have cancelled their investments outright. At issue is (it is claimed) how badly the Icelandic finance ministry is dealing with technical difficulties surrounding VAT. 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