Topi Manner posed for photographs after the announcement that he will take over as the chief executive of Finnair on 1 January 2019. (Credit: Roni Rekomaa – Lehtikuva)
Topi Manner posed for photographs after the announcement that he will take over as the chief executive of Finnair on 1 January 2019. (Credit: Roni Rekomaa – Lehtikuva)

 

Topi Manner, the head of personal banking at Nordea, has been appointed as the successor of Pekka Vauramo as the CEO of Finnair.

The Finnish flag carrier announced the appointment yesterday, highlighting the 44-year-old Manner’s extensive experience in dealing with both private and corporate customers and his key role in the digital transformation and customer service development of Nordea.

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Marimekko celebrated the start of the summer season with its annual fashion show in Helsinki’s Esplanade Park on 18 May 2018.
Marimekko celebrated the start of the summer season with its annual fashion show in Helsinki’s Esplanade Park on 18 May 2018.

 

Marimekko announced yesterday it has upgraded its guidance for the rest of the year after recording an increase of 24 per cent in revenue, to 28.2 million euros, and one of 443 per cent in comparable operating profit, to 3.1 million euros, between April and June.

The Finnish fashion house said it expects its full-year revenue to grow from the previous year and comparable operating profit to at least stay at level of the previous year.

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Bitcoin price is down from its peak, but the rise seems steady

If you are a cryptocurrency enthusiast, you probably are well aware of all the new currencies, the so-called Initial Coin Offerings (ICOs) and of course the exchange rates of all currencies and how to mine them. 

For the general public, however, names, and rates of cryptos and the most known of them Bitcoin come to spotlight only when the mass media is covering them, i.e. when drastic changes are occurring. Bitcoin was last on the news when it passed the staggering 16 000 Euro price mark in December 2017. The price for one Bitcoin was just a bit more than 700 Euro in January of the same year. Today each bitcoin is exchanged for around 6000 Euro, it has a current circulating supply of 17.2 Million coins and a total volume exchanged of 5,726,256,209 Euro.

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Nokia CEO Rajeev Suri spoke at a press conference on the eve of the Mobile World Congress (MWC) in Barcelona, Spain, on 25 February, 2018.
Nokia CEO Rajeev Suri spoke at a press conference on the eve of the Mobile World Congress (MWC) in Barcelona, Spain, on 25 February, 2018.

 

Analysts have drawn attention to the significance of the newly announced fifth-generation (5G) network agreement between Nokia and T-Mobile.

The Finnish network equipment manufacturer stated earlier this week it will provide its end-to-end 5G portfolio of technology, software and services to accelerate the deployment of the nationwide 5G network of T-Mobile in the United States. The multi-year agreement between the two telecommunications companies is worth 3.5 billion US dollars, or approximately three billion euros.

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Nokia on Monday announced it has signed a multi-billion-euro, multi-year agreement with T-Mobile, the third largest wireless carrier in the United States.
Nokia on Monday announced it has signed a multi-billion-euro, multi-year agreement with T-Mobile, the third largest wireless carrier in the United States.

 

Nokia and T-Mobile announced yesterday they have signed a multi-billion euro, multi-year agreement to accelerate the deployment of a nationwide fifth-generation (5G) wireless network in the United States.

The landmark agreement is valued at roughly three billion euros (USD3.5bn), making it the largest 5G agreement to date for Nokia.

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Firesteel Resources, a top performing junior gold mining company listed on the TSXV, acquired Laiva gold mine located near Raahe, Finland. Laiva (Finnish word for ship), which was dormant since 2013, has already been restarted and gold production begins this year.

Firesteel Resources’ President and CEO Mr. Michael Hepworth is the new captain. Mr. Hepworth is an accomplished entrepreneur and business leader with more than 40 years of diverse international business experience. Mr. Hepworth has started and built 5 successful businesses from the ground up. He also consulted and advised businesses, in many sectors including professional and financial services, high tech, engineering and manufacturing. Mr. Hepworth has over 15 years of corporate development and senior management experience in the resources industry. Helsinki Times sat down with Mr. Hepworth to find out about his plans for Laiva and the future of gold. Below are excerpts of the interview.

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Nokia’s quarterly operating profit fell by 42 per cent year-on-year to 334 million euros between April and June 2018.
Nokia’s quarterly operating profit fell by 42 per cent year-on-year to 334 million euros between April and June 2018.

 

Nokia saw its share value dip by five per cent to 4.82 euros after it issued a second-quarter result that missed the expectations of investors.

The Finnish network equipment manufacturer stated yesterday that its operating profit decreased by 240 million euros year-on-year to 334 million euros between April and June, falling 39 million euros short of the analyst mean forecast of 373 million euros, according to Reuters.

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One platform, thousands of solutions

No matter what the size of a company is or in which industry it operates, all companies nowadays use business software for their accounting, HR, CRM, inventory, etc. However impeccable the solutions may seem at first, later on companies find themselves constrained by the built-in capabilities of the software. Customisations are costly and fully dependent on the app vendor. 
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Telia, a Swedish mobile network operator, has announced it will take over Bonnier Broadcasting, the parent company of Sweden’s TV4, Finnish MTV and C More.
Telia, a Swedish mobile network operator, has announced it will take over Bonnier Broadcasting, the parent company of Sweden’s TV4, Finnish MTV and C More.

 

Telia on Friday announced it has agreed to pay 890 million euros to acquire Bonnier Broadcasting, the parent company of Sweden’s TV4, Finnish MTV and C More.

The Stockholm, Sweden-headquartered mobile network operator states in a press release that the acquisition is of great strategic importance as it strengthens the company in the rapidly growing area of video content consumption and enables the company to combine its networks and their millions of users with one of the most successful commercial media houses in the Nordics.

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Finnair on Tuesday said it expects its second-half performance to be affected negatively by soaring jet fuel prices and intensifying competition on routes between Europe and Asia, and Europe and North America.
Finnair on Tuesday said it expects its second-half performance to be affected negatively by soaring jet fuel prices and intensifying competition on routes between Europe and Asia, and Europe and North America.

 

Finnair on Tuesday sent its share value tumbling by announcing it expects soaring jet fuel prices to undermine its profitability in the second half of this year.

Helsingin Sanomat reported that the majority state-owned airline saw its shares lose 15 per cent of their value – to 7.14 euros – after it warned that its full-year result is not expected to improve from the 170 million euros posted last year.

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