AGP Executive Report
Last update: 5 hours agoLabour Market Watch: Iceland’s unemployment edged down in June, with the seasonally adjusted jobless rate rising to 5.0% (up year-on-year) but falling versus May, while the non-adjusted rate was 3.9% and the employment rate climbed to 77.9%, according to Statistics Iceland. Housing & Demographics: A new survey suggests rental demand is growing fast among young adults, with 45% of Icelanders aged 18–24 renting this year versus 34% a year earlier, as buying conditions stay tough. Air Travel & Operations: Icelandair reported a second-quarter loss as fuel costs pushed unit costs up 15%, and the airline said it will phase out Boeing 757 aircraft sooner; separately, Keflavík’s self-service border kiosks remain offline after unreliable testing, with a gradual rollout planned from mid-August. EU/Defence Finance: The EU’s €90bn Ukraine aid loan framework is extended to the UK, letting Kyiv buy defence-critical products from companies in England, Scotland and Northern Ireland, alongside existing EFTA coverage including Iceland. Business Expansion: Coinbase is preparing to bring its “Everything Exchange” strategy to Canada, aiming to add tokenized stocks and broader financial services beyond crypto trading.
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