Nokia veteran Sari Baldauf takes over as 5G battle rages

spike

HELSINKI (Reuters) – Sari Baldauf took over as chairwoman of telecoms equipment maker Nokia (NOKIA.HE) on Wednesday, succeeding Risto Siilasmaa who chaired the Finnish firm for eight years.

FILE PHOTO: Visitors gather outside the Nokia booth at the Mobile World Congress in Barcelona, Spain, February 26, 2019. REUTERS/Sergio Perez

Baldauf, one of the most high-profile female executives in the global telecoms industry, faces a tough task to fight back in the 5G race, as rivals Ericsson (ERICb.ST) and Huawei put pressure on its sales and cash reserves.

Nokia, which axed its dividend after a profit warning

Read More

EasyJet board looks set to win latest battle with Stelios

spike

LONDON (Reuters) – EasyJet’s (EZJ.L) board looks poised to win a shareholder vote on Friday and deal a blow to its founder and long-term critic over the British low-cost airline’s plan to stick with a $5.5 billion plane order.

FILE PHOTO: Deserted Easyjet check-in desks are seen at Nice international airport during the outbreak of the coronavirus disease (COVID-19) in Nice, France, May 20, 2020. REUTERS/Eric Gaillard/File Photo

Stelios Haji-Ioannou, whose family is easyJet’s biggest investor with a 34% stake, wants to oust the CEO, finance chief, chairman and another director, arguing their plan for the airline to

Read More

Japan’s battle with pandemic may mark end of Abe’s fiscal experiment

spike

TOKYO (Reuters) – The huge cost of the coronavirus pandemic is upending Japan’s seven-year experiment to rescue the economy from its debt timebomb, as recession fears prompt calls for “helicopter money” – unlimited spending bankrolled by the central bank.

FILE PHOTO: A large screen on a building shows Japan’s Prime Minister Shinzo Abe declaring a state of emergency, at Tokyo’s famous entertainment district Kabukicho, following the coronavirus disease (COVID-19) outbreak, in Tokyo, Japan April 7, 2020. REUTERS/Naoki Ogura/File Photo

Days after Prime Minister Shinzo Abe launched a nearly $1 trillion stimulus package to battle the pandemic’s financial fallout, some ruling

Read More

Uber to give drivers millions of face masks to battle coronavirus

spike

(Reuters) – Uber Technologies Inc (UBER.N) on Thursday said it plans to ship millions of face masks to its active drivers and food delivery people around the world to help prevent the spread of the novel coronavirus.

FILE PHOTO: Uber and Lyft driver Adama Fofana, who says he and other drivers he knows have “fear in their stomachs” about contracting the coronavirus disease (COVID-19) while working, but cannot cut their hours because they need the income to survive, sprays disinfectant in his car in New York City, New York, U.S., March 9, 2020. Picture taken March 9, 2020.

Read More