Iceland’s economy is outperforming most European peers after the nationwide introduction of a shorter working week with no loss in pay, according to research released Friday.
Between 2020 and 2022, 51 per cent of workers in the country had accepted the offer of shorter working hours, including a four-day week, two think tanks found, saying the figure is likely to be even higher today.Last year, Iceland logged faster economic growth than most European countries and its unemployment rate is one of the lowest in Europe, noted the Autonomy Institute in the United Kingdom and Iceland’s Association for Sustainability and Democracy .
Following the trials, Icelandic trade unions negotiated reductions in working hours for tens of thousands of their members across the country.In 2023, Iceland’s economy expanded by 5 per cent, a growth rate second only to Malta among rich European economies, according to the International Monetary Fund’s latest World Economic Outlook, published earlier this week. That is much higher than the country’s average growth rate of almost 2 per cent in the decade between 2006 and 2015.
Court documents reveal new details about U.S. probe into ex-Canadian Olympian accused of running drug trafficking ring U.S. authorities earlier this year knew the whereabouts of a former Canadian Olympian who is now on the run for allegedly running a transnational drug trafficking ring and orchestrating murders in Ontario, according to Ontario court documents.If Canadians could vote in the U.S. election, a majority would choose to send Kamala Harris to the White House.
Quebec's health department says it will be ready to meet the expected demand for advanced applications for medical assistance in dying when it begins accepting those requests next week.A Colorado man has filed the first lawsuit against McDonald’s relating to its E. coli outbreak linked to Quarter Pounders that, so far, has led to at least 49 illnesses across 10 states, including one death.Radon is a radioactive gas found in nearly every Canadian home.
The parent company of WWE and UFC is buying Professional Bull Riders, On Location, and IMG from Endeavor Group in an all-stock deal valued at US$3.25 billion.A town in southern Alberta will be one of the first to let golf carts be driven on select roads as part of a provincial pilot program.China has deported a VW executive for allegedly using drugs while in Thailand
Hundreds of OC Transpo bus trips have been cancelled this week due to a “decrease in fleet availability and increased congestion” on Ottawa’s roads, according to the transit service.The Ottawa Police Service has identified the woman who was stabbed to death at Paul Landry Park on Uplands Drive Thursday morning.An unusual item was found parked at the bottom of the historic Rideau Canal as Parks Canada drained the water this week – electric scooters.
The Saskatchewan RCMP is calling off its dangerous persons alert after two people were arrested in the Tobin Lake area Thursday afternoon.Police investigating multiple suspicious fire in Saskatoon Mayfair neighbourhood'The mom is shattered': Body of employee who died at Halifax Walmart was found by her mother
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