Reykjavík 1972, Reykjavík hosted the world chess championship between Bobby Fischer and Boris Spassky. The 1986 Reykjavík Summit between Ronald Reagan and Mikhail Gorbachev underlined Reykjavík's international status. Deregulation in the financial sector and the computer revolution of the 1990s again transformed Reykjavík. The financial and IT sectors are now significant employers in the city. The city has fostered some world-famous talents in recent decades, such as Björk, Ólafur Arnalds and bands Múm, Sigur Rós and Of Monsters and Men, poet Sjón and visual artist Ragnar Kjartansson. Reykjavík is located in the southwest of Iceland. The Reykjavík area coastline is characterized
Malta Summit Conference. Malta Summit The Malta Summit comprised a meeting between US President George H. W. Bush and Soviet General Secretary Mikhail Gorbachev, taking place on December 2–3, 1989, just a few weeks after the fall of the Berlin Wall. It was their second meeting following a meeting that included Ronald Reagan, in New York in December 1988. During the summit, Bush and Gorbachev would declare an end to the Cold War although whether it was truly such is a matter of debate. News reports of the time referred to the Malta Summit as the most important since 1945, when British