The global recession has unseated its government and clobbered its economy — even McDonald’s is jumping ship — but when it comes to gender equality, Iceland is the world’s beacon. The tiny island nation tops the World Economic Forum’s 2009 Gender...

But one number is looking up: Births through mid-August at Reykjavik’s biggest hospital, which delivers 70% of Iceland’s babies, rose 3.5% over the same period last year. By the hospital’s projections, 2009 is shaping up to be the best year for little...

In recent days, the world has seen simple folk in Iran risking their lives in order to gain freedom. They are standing there unarmed, only equipped with their righteousness, in the face of snipers firing into the masses. The world saw Neda, a...

Novosti economic commentator Yelena Zagorodnyaya) - Russia has agreed to bail out Iceland by granting this small island state a huge stabilization loan at an unbelievably low interest rate. Is it an act of wanton generosity, or a far-sighted geopolitical.

People go bankrupt all the time. Companies like Lehman do, too. But countries? How many of us have ever heard that a COUNTRY announced ‘National Bankruptcy’.

Welcome to the new world!

ICELAND, this volcanic island near the Arctic Circle, is...

Iceland has indeed bailed out Glitnir. But here’s the thing: Iceland’s credit default swaps are now suggesting that the sovereign itself is a distressed credit.Contracts on Iceland’s debt jumped to 17.5 percent upfront and 5 percent a year to protect...