- Category: Business
- Created on 01 August 2014
The base station facilities of Nokia in Oulu are bustling with activity.
Although the manufacturing of mobile phones has faded into history in Oulu, Nokia remains the largest private employer in the city that was once touted as the Silicon Valley of the North, currently providing employment to 2,300 people and constantly recruiting more.
The cause of the stomach bug found in swimmers in the Pirkanmaa region remains a mystery.
“An epidemic such as this is very rare,” says Sirpa Räsänen, an epidemiologist at the City of Tampere. “I haven't come across anything similar or know of cases that resemble this even remotely.”
A third of men would discontinue deduction, whereas only one in five women would do the same.
A 59 per cent majority of Finns opposes giving up the tax deductibility of trade union membership fees. The issue was brought forth by Prime Minister Alexander Stubb (NCP).
According to Stubb, the deductibility of trade union fees is a remnant of the past, and could be removed.
The sanctions enforced against the Russian financial sector on Thursday will hit Finnish export industries, experts caution.
The Permanent Representatives Committee of the European Union on Tuesday agreed to deny Russian state-owned financial institutions – effectively, the majority of Russian banks – access to long term financing from European capital markets.
It all began three years ago. Monocle, a small but distinguished British lifestyle magazine, declared Helsinki the world's best place to live.
It was a joyous occasion, although hardly anyone in Finland had heard of the magazine. Since then, Helsinki has unfortunately slipped in the ranking and is currently considered by Monocle the fifth best place to live in the world.
Regardless, Helsinkians have several reasons to be satisfied with their home town – as they are, according to another international comparison.
The Helsinki Airport is set to adopt a new monitoring system, enabling it to track the movements of passengers – step-by-step – from the adjacent parking facilities all the way to the departure gates. To be introduced by the end of the year, the system will monitor all devices connected to the Wi-Fi network of the airport and thus encompass an estimated 60—70 per cent of passengers.
The airport will thereby become the first airport in the world to adopt the in-house monitoring system, which – developed by Finland's Walkbase – is already used by several European retail chains.
Jari Aarnio, a former chief of the Helsinki Police Department's drug squad, is suspected of an attempt to frame an innocent person for a crime, investigators have revealed.
Jukka Haavisto, the prosecutor in charge of the investigation, revealed on Wednesday that the suspected attempt is related to the offences already under investigation but declined to comment further on the matter, with the investigation still in its early stages.
Lemminkäinen on Wednesday revealed that the sales of its residential condominium units fell by roughly 25 per cent year-on-year in the first half of the year.
According to the construction company, the interest of consumers in new units has waned due to stricter terms of borrowing, weak demand for old dwellings and the uncertain economic climate. The demand, it highlights, has petered out particularly outside population centres.
Passing off the mobile phone business has improved Nokia's bottom line and hurt Microsoft's.
NOKIA has surprised analysts by announcing better profit than expected for the second quarter. Microsoft would have also beaten expectations except for the results of the mobile phone business which they purchased from Nokia in April.
The old Nokia Devices & Services unit continues its long drag on profits, but now it has been passed from Nokia to Microsoft. With the first earnings report after the sale, the divesture is looking increasingly like a good move on Nokia's part and a bad one by Microsoft.
The economic sanctions imposed against Russia earlier this week will not hit the key export industries of Finland, and therefore their impact on the Finnish economy will remain moderate, estimates Pekka Sutela, an expert in the Russian economy from the Lappeenranta University of Technology.
On the other hand, the sanctions will have a number of indirect effects on Finland, he reminds.
- Finland did not pay ransom to release abducted couple, Tuomioja stresses
- Task force to push electronic identification project over the finish line
- Finns retain confidence in fund managers
- Sanctions against Russia regrettable but necessary, Stubb views
- Stubb and Toivakka call for tougher economic sanctions on Russia
- Bare-chested men raise eyebrows but cause only little disturbance
- Real estate rival acquires Trulia in a $3.5bn all-share deal
- Candidates coughed up an average of €18,180 for a seat in European Parliament
- Cars pulled over in Finland as Norway hunts for terror suspects
- Adult men harass teenagers constantly