Working remotely while abroad has obvious appeal. But the tax consequences vary depending on where you go. Here’s what to know.
“How Iceland Changed the World,” by Egill Bjarnason, offers a jaunty history of a small country with an outsize influence on global affairs.
First Husavik was the setting for the Netflix film “Eurovision Song Contest: The Story of Fire Saga.” Now, a song named after the town is up for an Oscar.
No injuries were reported after the rare eruption near Reykjavik — only joy, on the part of the singer and other Icelanders.
The earthquake swarm is the culmination of more than a year of intense seismic activity. It could also herald decades of intermittent volcanic eruptions.
The U.S.-based oil major Chevron is doubling down on its investment in geothermal power by investing in a Swedish developer of low-temperature geothermal and heat power projects called Baseload Capital.
Oil companies are under pressure to find new lines of business as the world prepares for a massive shift to renewable energy resources to power all aspects of industry in the face of mounting climate-related disasters caused by greenhouse gas emissions warming the temperature on the planet.
Joining Chevron in the investment was the ubiquitous billionaire-backed clean energy investment firm Breakthrough Energy Ventures and a Swedish investment group called Gullspang Invest AB.
The investment into Baseload follows closely on the heels of another commitment that Chevron made to the geothermal technology developer Eavor and a recent Breakthrough Energy Ventures investment in the Google-affiliated company, Dandelion Energy (a spinout from Google’s parent company’s moonshot technology development business unit, called X).
Dandelion and Eavor are just two examples of a groundswell of startups working to leverage the knowledge from the oil and gas industry to tap geothermal resources for applications ranging from baseload energy to home heating and cooling.
As Chevron noted in its press release, heat power is an affordable form of renewable energy that can be harnessed from either geothermal resources or waste heat.
The investments in Baseload and Eavor are financed by CTV’s Core Venture fund which identifies companies with technology that can add efficiencies to Chevron’s core business in operational enhancement, digitalization, and lower-carbon operations, the company said in a statement.
Together the two businesses are planning pilot projects to test technology and could look to current Baseload operations in Japan, Taiwan, Iceland or the United States to develop projects.
Financial terms of the deal were undisclosed.
“In August, we announced that we were looking for a new strategic investor to help us accelerate deployment in our key markets,” said Baseload’s Chief Executive Officer Alexander Helling. “We couldn’t have asked for a better one. Chevron complements our group of owners and adds expertise in drilling, engineering, exploration and more. These assets are expected to accelerate our ability to deploy heat power and strengthen our way of working.”
Disney brought its streaming service to Iceland last year. Now, the country’s education minister has sent a letter of complaint over the lack of Icelandic dubbing and subtitling.
Marsibil Erlendsdottir runs a farm and provides weather reports from a remote outpost in eastern Iceland. The job requires vigilance and an unfailing resolve.
The country hopes that when people book their first post-pandemic flights overseas, Iceland will be the top choice. It also aims to learn from the recent past, when tourist numbers soared.
A very small percentage of people don’t mind the pungent odor of fish, a genetic study found.
Launch startup Skyrora had a successful test launch of its Skylark Micro rocket from Iceland on Sunday, with the rocket achieving its highest ever altitude at a height of 26.86 km (just under 17 miles). The four meter (13 foot) sub-orbital rocket took off from a mobile launch site at Iceland’s Langanes Peninsula that was set up in just a few days prior to the flight.
Skylark Micro is a vehicle that Skyrora is using to prepare the way for its eventual orbital small payload launch vehicle Skyrora XL, which it hopes to begin flying sometime in 2023. The purpose of this launch in Iceland, aside from demonstrating the flexibility of the company’s mobile launching model, was to test the electronics and communications on board the Skylark Micro, which will eventually be used for the company’s larger operational launch craft as well.
Skyrora flew a similar rocket earlier this year, with a launch from a small island off the coast of Scotland in June. That rocket only climbed to around 6 km (3.7 miles), however, making this its highest flight attempt by a wide margin. This attempt also included a recover attempt for both stages of the two-stage Skylark Micro rocket, which separated and deployed parachutes to return to an ocean splashdown, but the startup says that they haven’t been able to find either stage yet, though the search continues.
The ability to stand up and launch from another site so quickly is another key demonstration of this test. That could be a significant advantage – one that’s being pursued by a number of small payload launch startups. It’s a key capability that government and military customers are looking for in responsive launch services providers, though of course it’ll need to scale up significantly to support larger vehicles like the planned Skyrora XL rocket this company hopes to eventually field.
The nine-woman collective Daughters of Reykjavik was mocked online and in Iceland’s news media. So they’re taking their message elsewhere.
Ballet and contemporary performers across Europe are returning to work in a different world, with masks, liability waivers and no touching.
Travel restrictions have turned 11 overtouristed destinations into quiet, almost unrecognizable places, even for those who live there. It’s a bittersweet experience for the people we talked to.
As Australia announces plans to revive tourism, we look at 10 top travel destinations and their timetables for reopening. The challenge: balancing safety with the need to reboot.
Swift action, compassion and trust in science mark the most effective responses to the coronavirus.
Another week in quarantine.
As the world adjusts to working from home under mandatory stay-at-home orders, hackers are keeping busy. Microsoft said this week that coronavirus-related attacks are on the rise but still make up just a fraction of the overall malicious activity. Cybersecurity companies seem to be faring mostly well — in part thanks to the uptick of attacks, but also the challenges of securing the workforce as hundreds of millions work from home.
But as coronavirus dominates the headlines, the wheels of government keep turning. Lawmakers are trying to push through a controversial bill that critics say would undermine encryption, which keeps everything from your phone to your online banking accounts safe. One startup is bracing for a showdown. Signal, the end-to-end encrypted messaging app, sounded the alarm when it warned this week that it may exit the U.S. market if Congress passes the controversial EARN IT Act.
In a blog post this week, Signal engineer Joshua Lund wrote it would “not be possible for a small nonprofit like Signal to continue to operate within the United States.”
Will encryption become the latest causality of this tumultuous year?
THE BIG PICTURE
Zoom slapped with more security woes, but calls in the cavalry
A growing number of companies and governments, from SpaceX and Google to Taiwan and Germany, have banned Zoom. Not even the U.S. Senate is taking any chances with the video-calling software, which has faced a steady stream of headlines critiquing its security practices and privacy policies. But Zoom’s popularity, undoubtedly sparked by the mass working from home to stem the spread of the coronavirus pandemic, seems to be weathering the storm.