- Category: Business
- Created on 31 July 2015
Nokia is doubtful that it is able to maintain the high level of profitability it achieved in the second quarter of the year.
The network equipment manufacturer reported on Thursday that its operating profits surged by 50 per cent year-on-year between April and June. It refrained from revising its guidance for the entire year despite posting a profit margin that far exceeded its expectations for the second quarter.
Three former chief executives of major listed companies have recently moved from Finland to Portugal.
Matti Halmesmäki, a 62-year-old former chief executive at Kesko, Sakari Tamminen, a 61-year-old former chief executive at Rautaruukki, and Kim Gran, a 61-year-old former chief executive at Nokian Tyres, have all transferred their residence to Portugal in the course of the spring.
Olli Immonen (PS) has clarified the meaning of his controversial Facebook post in an interview with Suomen Uutiset, the official online publication of the Finns Party, by stressing that his fight against multiculturalism does not extend beyond the political arena.
“As a Member of the Finnish Parliament, I only use political means, democratic channels, to fight for my goals. I oppose violence in all of its forms,” he states.
- Category: Business
- Created on 29 July 2015
The public debate is increasingly supportive of self-employment as an alternative for job-seekers and students.
Annamari Iranto, an unemployed job-seeker with higher education qualifications, criticised the manner in which the jobless and employment measures are discussed in public in a writing that went viral on social media last week. She also pointed out in an interview with Helsingin Sanomat that self-employment is not suitable for everyone and should not be recommended for every job-seeker.
It turned into a large demonstration, much larger than anyone could have imagined.
A sea of roughly ten thousand people flooded Kansalaistori Square on Tuesday to demand an end to racism.
“We've become accustomed to racism, and we must resist this habit. We've been silent for far too long. It's time to say out loud that this will not stand,” Member of Parliament Ozan Yanar (Greens) said in his speech at the demonstration.
Sonera announced on Monday that it has selected Pitäjänmäki as the location for its large data centre in Helsinki.
The mobile network operator considered a total of 60 possible locations before settling on the westernmost district of Helsinki. Petri Niittymäki, the head of enterprise business at Sonera, says that he and his colleagues have already been asked several times to explain the decision to select Pitäjänmäki.
Two underage men are suspected of killing an employee of the foster home they were placed in, Perhekoti Metsola, in Muhos in the wee hours of Saturday.
The 16 and 17-year-old men – who are suspected of murder, aggravated robbery and causing a serious traffic hazard – have some prior run-ins with the law but no history of “mindless violence or anything like that,” Petri Savela, the officer in charge of the pre-trial investigation, revealed on Monday.
On-demand in-flight services are becoming more and more common in Finland. Airlines are compelled to consider what passengers are prepared to pay for amid intense price competition and sliding flight prices.
Such services include the ability to reserve your seat in advance, order an in-flight meal or check in excess baggage.
Olli Immonen (PS) has aroused resentment across party lines with his remarks about multiculturalism.
Prime Minister Juha Sipilä (Centre) commented on the matter on Twitter on Sunday. “I cannot approve of Immonen's remarks. I want to develop Finland as an open, international, linguistically and culturally rich country,” he wrote.
- Category: Business
- Created on 24 July 2015
Sanoma has admitted in its second-quarter interim report that it has yet to overcome the challenges in its media operations in Finland.
The net sales of the media conglomerate fell by 6.6 per cent from the corresponding period last year to 468.8 million euros and operating profits, excluding non-recurring items, by 25 per cent to 49.4 million euros. The profit margin, in turn, shrank by 1.9 percentage points year-on-year to 10.5 per cent between April and June.
The fate of the nuclear power plant project of Fennovoima was on the agenda as Olli Rehn (Centre), the Minister of Economic Affairs, visited Moscow on Thursday.
Rehn revealed that he and Arkady Dvorkovich, the Deputy Prime Minister of Russia, discussed the ongoing negotiations between Fortum, Gazprom and Rosatom over a joint hydro-power venture that Fortum has set as a condition for its participation in Fennovoima. Russia is according to Rehn “very committed” to the nuclear power plant project.
- Finnish gin wins award at IWSC
- “Devaluation is a little like doping,” Stubb states
- German car makers close to buying HERE for €2.5bn
- Employment situation continues to deteriorate
- Outlet village would bring Kotka tens of millions
- Uponor to cut 100 jobs
- Finland to welcome 792 asylum seekers as part of re-settlement scheme
- Centre sees increase, SDP decrease in support
- Fennovoima's fate rests again on Fortum
- I considered leaving the Government, Soini admits