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
1989 Sino-Soviet Summit massive student protests in the Chinese capital. Nonetheless, neither side proposed to postpone or reschedule the meeting. Gorbachev refused to pass judgement on the student protests in hopes that the Chinese leaders and the student protesters would resolve their differences by themselves. Even though the demonstrations disrupted the reception of the Soviet delegation and many of the social events of the visit were cancelled, Gorbachev was still very pleased with the reception in Beijing as well as the summit as a whole as he was able to accomplish his goal of normalizing relations. According to political scientist, William Taubman, even