Finnair on Thursday revealed that a record number of passengers flew with it in the second quarter of the year.
Finnair on Thursday revealed that a record number of passengers flew with it in the second quarter of the year.

 

Finnair has continued its steadfast growth on account of its fleet investments and strategic focus on air traffic between Asia and Europe.

The state-owned airline reported yesterday that its passenger load factor on routes between Asia and Europe improved by almost 10 per cent year-on-year between April and June, pushing its second-quarter operating profits from 3.2 million in 2016 to 37.5 million euros in 2017.

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Paavo Arhinmäki (Left Alliance) has expressed his disapproval with a decision to allow the sale of two unmanned aerial vehicle launch systems to the United Arab Emirates.
Paavo Arhinmäki (Left Alliance) has expressed his disapproval with a decision to allow the sale of two unmanned aerial vehicle launch systems to the United Arab Emirates.

 

Paavo Arhinmäki (Left Alliance) has lashed out at the government for its decision to grant a licence to export defence materiel to the United Arab Emirates (UAE).

Robonic, a Tampere-headquartered supplier of launch systems for unmanned aerial vehicles, was granted a licence to export two launch systems to the United Arab Emirates on Monday despite the opposition of the Ministry for Foreign Affairs.

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Stockmann on Friday said it has agreed to sell its six loss-making grocery shops in Finland to the S Group.
Stockmann on Friday said it has agreed to sell its six loss-making grocery shops in Finland to the S Group.

 

Stockmann on Friday announced it has agreed to offload all six of its loss-making grocery shops, Stockmann Herkku, in Finland to the S Group for a debt-free price of 27 million euros.

The divestment is expected to generate a one-off profit of three million euros and improve the profitability of the struggling department store chain as of next year. Stockmann, regardless, refrained from specifying its guidance for 2018.

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The environmental surroundings of central Helsinki as rated by EnviRate users.

It is fairly bizarre to think that until recently, you could rate everything from apartments to ex-girlfriends online, yet no platform existed for rating the environment around you. If we are so keen on rating everything from viewpoints to hotels in faraway destinations, then why do we not yet rate that which we experience every time we step outside our front door? Why do we not rate the air we breath on a daily basis – the most fundamental of our human needs?

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YIT is currently building a new shopping centre in Pasila, Helsinki. The shopping centre is to be completed in the second half of 2019.

YIT on Monday announced it will absorb Lemminkäinen, a construction company established already in 1910.

The consolidation is expected to be finalised on 1 November, 2017, or at the latest on 1 January, 2018, after the boards of director of both of the construction companies showed a green light to the consolidation last weekend.

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Nokia is set to continue its global synergy and transformation programme until the end of 2018.

Nokia has concluded consultative negotiations with its staff and announced its decision to shed roughly 170 jobs in Finland.

The network equipment manufacturer confirmed on Friday that three-quarters of the cuts will be made across its business divisions and support functions in Espoo and the remaining one-quarter in Oulu and Tampere – the majority by the end of 2017.

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The sales of the resurrected Nokia 3310 have taken the manufacturer, HMD Global, by surprise.

HMD Global may have raised some eyebrows with its decision to resurrect one of the most iconic mobile phones in history, Nokia 3310, but the demand for the feature phone has taken even the handset maker by surprise.

“The popularity has taken us completely by surprise,” Risha Magu, HMD Global’s head of communications in India, tells Kauppalehti.

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Those desperate to give up smoking may have breathed a sigh of relief after hearing about what Biohit says is an effective, non-addictive means to stop smoking.

Biohit reveals that it received hundreds of enquiries following the publication of the results of a medical trial confirming that its Acetium lozenge is an effective, non-addictive means to quit smoking.

The Helsinki-based biotechnology firm also saw its share price jump by 7.4 per cent on the Helsinki Stock Exchange on Monday.

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Fennica, a Finnish state-owned multi-purpose icebreaker, took part in charting the seabed outside the north-eastern coast of Greenland in September, 2011.

Finland could account for at least 30 per cent of the work involved in building new icebreakers for the United States, Ulla Lainio, the director of the maritime and offshore programme at Finpro, estimates in an interview with Kauppalehti.

The US Coast Guard is set to order a minimum of two heavy and two medium icebreakers in an attempt to beef up its presence in the increasingly contested waters around the north and south poles.

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Meyer Turku has agreed to deliver two massive liquefied natural gas-powered cruise ships to Royal Caribbean Cruises by 2024.

Royal Caribbean Cruises has confirmed its order for two major cruise ships from Meyer Turku, reports Talouselämä.

Meyer Turku and Royal Caribbean Cruises announced last autumn that they have signed a memorandum of agreement for the construction of two massive liquefied natural gas-powered cruise ships – an agreement rumoured to be worth up to two billion euros.

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