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A special court heard arguments Monday about whether to dismiss charges against former Prime Minister Geir Haarde, who has been accused of failing to prevent the 2008 financial crisis in Iceland.
Icelandic President Olafur R. Grimsson said Sunday he would put a new deal aimed at solving a dispute with Britain and the Netherlands over a $5 billion repayment to a public vote.
Iceland's former Prime Minister Geir Haarde has been referred to a special court in a move that could make him the first world leader to be charged in connection with the global financial crisis.
A committee of Icelandic lawmakers split Saturday over whether to recommend an unprecedented prosecution of former leaders for failing to prevent the country's financial meltdown.
Authorities in Iceland have exhumed the body of American chess champion Bobby Fischer to determine whether he is the father of a 9-year-old girl from the Philippines.
Blasts of lava and ash shot out of a volcano in southern Iceland on Monday and small tremors rocked the ground, a surge in activity that raised fears of a larger explosion at the nearby Katla volcano.
Icelanders blew whistles and set off fireworks in the capital as referendum results Sunday showed they had resoundingly rejected a $5.3 billion plan to repay Britain and the Netherlands for debts spawned by the collapse of an Icelandic bank.
Hopes of reaching a deal over the payment of $5.7 billion owed by Iceland to Britain and the Netherlands — and avoiding a divisive referendum on the issue in the Nordic country — were dwindling on Friday amid recriminations on both sides.
The Icelandic government held emergency talks Tuesday to come up with an agreement on repaying British and Dutch investors $5.7 billion so it can avoid a divisive referendum on the issue.
The Big Mac, long a symbol of globalization, has become the latest victim of this tiny island nation's overexposure to the world financial crisis.
Iceland's parliament voted by a narrow margin Thursday to apply for membership in the European Union, moving to relinquish some of the recession-hit country's cherished independence in the name of stability.
Iceland's new government said Sunday it will ask parliament to vote on whether the recession-hit country should start membership talks with the European Union.
Whale hunting season began in Iceland on Tuesday as the country's first whaling ship of the year set sail in defiance of a worldwide moratorium on the practice.
Bobby Fischer had hoped to play current world chess champion Viswanathan Anand or former great Garry Kasparov in a tournament before his death, an Icelandic newspaper reported Saturday.
The historic chess match between American Bobby Fischer and Soviet champion Boris Spassky was the Cold War played out with pawns instead of missiles, a combat of mind games between two masters at the height of their powers.
Yoko Ono urged the world to give peace a chance Tuesday as she unveiled a monument in memory of her husband, John Lennon.
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