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
9th G7 summit get full agreement. Following the coffee break the first meeting of the Summit, President Reagan forged an agreement with the strong support of Prime Minister Nakasone of Japan, Chancellor Kohl of Germany and Prime Minister Thatcher. The need to deploy the Pershing II missiles was reached and reaffirmed. This decision showed the unity of Western leaders as they forged ahead to seek meaningful arms control agreements with the Soviet Union and it was a critical step in the arms control agreements reached between President Gorbachev and President Reagan two years later at the Geneva Summit, the first meeting between these