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
Mikhail Gorbachev Intermediate-Range Nuclear Forces Treaty, saying the move "is not the work of a great mind." Gorbachev also said that "all agreements aimed at nuclear disarmament and the limitation of nuclear weapons must be preserved for the sake of life on Earth." Gorbachev signed the U.S.-Soviet nuclear disarmament treaty in 1987 with President Ronald Reagan. Gorbachev hailed the George H.W. Bush’s role in helping end the Cold War following the news of the former President's death, saying: "We had a chance to work together during the years of tremendous changes. It was a dramatic time that demanded great responsibility from everyone.