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The Finnish telecoms equipment maker Nokia lowered its cost savings target to 500 million euros ($557 million) from the previous 700 million by the end of 2020 to invest more in 5G technology and digitalization, it said on Tuesday. The company also it said it expected to cut some 180 jobs in Finland this year, excluding its 5G product development in Oulu and elsewhere in the country. In October, Nokia cut its outlook for 2019 and 2020 to step up its investments in 5G - news that knocked a third off the value of its share price....
(Bloomberg) -- Iran said it’s arrested a number of people linked to the Jan. 8 downing of a Ukrainian passenger jet, and the country’s president called on the judiciary to form a special court and fully investigate the disaster.Hassan Rouhani said Tuesday that while U.S. policies toward the Islamic Republic were the root cause of the mistake, that didn’t excuse Iranian officials from confronting their own responsibility in the disaster. All 176 people on board were killed when Iranian defense units fired at the plane, bringing it down shortly after take-off from Tehran.“I promise that the government, with all its ability and using everything at its disposal, will investigate this matter,” Rouhani told officials in remarks broadcast live on state TV. “This is not an ordinary case. The entire world will be watching.”Iran is under intense international pressure to provide full accountability over the circumstances that caused the crash of the...
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The world markets are moving upwards amid hopes for a trade truce between China and the US. An additional reason for optimism was the news that China was removed from the list of potential currency manipulators on the eve of the deal....
Under the terms of the trade deal to be signed on Wednesday in Washington, China would also buy over $50 billion more in energy supplies, and boost purchases of U.S. services by about $35 billion over the same two-year period, the source told Reuters on Monday. The Phase 1 agreement calls for Chinese purchases of U.S. agricultural goods to increase by some $32 billion over two years, or roughly $16 billion a year, said the source, who was briefed on the deal....
