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
Moscow Summit (1988) Moscow Summit (1988) The Moscow Summit was a summit meeting between U.S. Pres. Ronald Reagan and General Secretary of the Communist Party of the Soviet Union Mikhail Gorbachev. It was held on May 29, 1988 – June 3, 1988. Reagan and Gorbachev finalized the Intermediate-Range Nuclear Forces Treaty (INF) after the U.S. Senate's ratification of the treaty in May 1988. Reagan and Gorbachev continued to discuss bilateral issues like Central America, Southern Africa, the Middle East and the pending withdrawal of Soviet troops from Afghanistan. Reagan and Gorbachev continued their discussions on human rights. The parties signed seven agreements on