The American bio-tech company Xytos will set up a research and development lab in Iceland. Xytos, which recently registered on Nasdaq, will be conducting stem cell research in its Iceland lab.
Banks have been reporting a large number of defaults on their 100 percent mortgage loans, according to RUV. The loans, which require no money down to purchase a house, have been very popular with students and low-income residents.
Chelsea striker Eidur Smari Gudjohnsen was arrested early Sunday morning for allegedly driving drunk. The 26-year-old Icelandic national was stopped by police for speeding around 5:20 am on Sunday, after Chelsea’s 1-0 victory over Everton. Gudjohnsen scored the team’s lone goal in the match.
