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EU leaders show first signs of compromise on stimulus plan

BRUSSELS (Reuters) – Signs emerged that leaders of northern European Union countries were willing to compromise on a 1.8 trillion euro ($2 trillion) coronavirus stimulus plan on Monday as talks in Brussels extended to a fourth day. Divided and slow to respond ... More »

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Analysts’ View: EU progress lifts euro, stocks on the defensive

LONDON (Reuters) – EU leaders reported some progress on Monday after three days of haggling over a coronavirus stimulus plan, sending the euro to a four-month high and Italy’s borrowing costs to lows not seen since March. An attempt to reach a compromise faile... More »

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Exclusive: Nokia to cut a third of jobs at French arm Alcatel-Lucent

PARIS (Reuters) – Finland’s Nokia Oyj (NOKIA.HE) plans to cut 1,233 jobs at its French subsidiary Alcatel-Lucent International, equivalent to a third of the local workforce, the group said on Monday, confirming an earlier Reuters report. Nokia, which competes ... More »

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Key EU states agree coronavirus economic rescue -text of draft deal

BRUSSELS (Reuters) – European Union countries on Thursday evening agreed the emergency credit lines from the euro zone’s bailout fund “will be available until COVID-19 crisis is over”, a draft of their deal read. Afterwards, euro countries should remain commit... More »

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Novelty toilet roll cakes keep Finnish baker in business

HELSINKI (Reuters) – A quick-thinking Helsinki bakery has saved itself from financial ruin due to the new coronavirus pandemic by creating a cake that looks like a toilet roll. The dismayed staff at the Ronttosrouva bakery found all their orders cancelled last... More »

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Europe’s north-south lockdown divide revealed by Google data

BERLIN (Reuters) – Italy and Spain, the two European countries hardest hit by the new coronavirus, have enforced the most drastic lockdowns to curb the pandemic but one country, Sweden, stands out for allowing life to go on much as before, Google data show. An... More »

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Coronavirus strands Peruvian singer in Finnish Arctic

ROVANIEMI, Finland (Reuters) – When Peruvian musician Victor Alarcon set out on his dream trip to shoot a music video in the Finnish Arctic for his single called ‘Aurora Boreal’ (Northern Lights), he did not expect the coronavirus outbreak to leave him strande... More »

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Pressure mounts in Finland to close schools

HELSINKI (Reuters) – Finland’s largest opposition party on Monday stepped up criticism of the government as most schools and daycares remained open despite the coronavirus outbreak. “There are only four countries in the EU which have not closed schools. Respon... More »

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Nokia appoints Fortum CEO Lundmark to replace Suri from September

HELSINKI (Reuters) – Nokia Chief Executive Rajeev Suri will step down in September and be replaced by Pekka Lundmark, who used to work for the Finnish company and is the current CEO of energy group Fortum, Nokia said on Monday. Suri has been in the role for si... More »

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Malaysia to choose 5G partners based on own security standards

KUALA LUMPUR (Reuters) – Malaysia’s own security standards will dictate which companies take part in its planned 5G rollout this year, its communications minister told Reuters on Monday, as the United States pushes countries to exclude China’s Huawei [HWT.UL].... More »

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2020 Ballet Olympiade in Varna postponed due to lack of funding

SOFIA (Reuters) – The 29th edition of the Varna International Ballet Competition, the oldest ballet competition in the world, has been postponed due to insufficient financial support, organisers said on Thursday. A new date for the outdoor event, known in the ... More »

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Finnish paper mill workers to strike as wage talks fail: union

OSLO (Reuters) – Some 9,000 workers at Finnish paper mills will start a three-week strike on Monday after wage talks broke down, their labor union said in a statement, the latest in a series of labor conflicts to hit Finland. Another 6,000 employees at sawmill... More »

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Telenor says Huawei will still play role in 5G rollout

BRUSSELS (Reuters) – Telenor (TEL.OL) reiterated on Sunday Huawei would be involved in building Norway’s 5G network along with Ericsson (ERICb.ST), one of several companies to continue working with the Chinese company despite U.S. pressure. Still, on Friday, t... More »

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Team by team analysis of the Abu Dhabi Grand Prix

(Reuters) – Team by team analysis of Sunday’s season-ending Abu Dhabi Formula One Grand Prix (listed in championship order): – MERCEDES (Lewis Hamilton 1, Valtteri Bottas 4) Hamilton’s 11th win of the season, fifth in Abu Dhabi and 84th of his career. He start... More »

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Hamilton not ruling out a Ferrari switch

ABU DHABI (Reuters) – Six times world champion Lewis Hamilton did not deny meeting Ferrari chairman John Elkann when asked on Sunday about speculation linking the Mercedes driver with a move to the Italian team in 2021. The 34-year-old Briton will be out of co... More »

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Finnair cancels 276 flights as unions join solidarity strike

HELSINKI (Reuters) – Finland’s national airline Finnair (FIA1S.HE) said on Sunday it was forced to cancel 276 flights scheduled for Sunday and Monday after attempts to settle a labor dispute at the Finnish postal service failed, leading several Finnish labor u... More »

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German 5G bidders must guarantee no foreign state meddling: CDU

LEIPZIG, Germany (Reuters) – Bidders for German 5G rollout contracts must guarantee the network will be free of foreign state influence, Chancellor Angela Merkel’s Christian Democrats agreed on Saturday, stopping short of singling out China’s Huawei. After a h... More »

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Verstappen wins Brazil GP thriller as Ferraris collide

SAO PAULO (Reuters) – Max Verstappen won a thrilling Brazilian Formula One Grand Prix for Red Bull on Sunday after the Ferraris collided and Mercedes’ six-times world champion Lewis Hamilton was demoted from third to seventh. In a race of safety cars and surpr... More »

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Motor racing: Team by team analysis of the Brazilian Grand Prix

SAO PAULO (Reuters) – Team by team analysis of Sunday’s Brazilian Grand Prix, penultimate race of the 21-round Formula One season (listed in championship order): – MERCEDES (Lewis Hamilton 7, Valtteri Bottas retired) Hamilton finished third on track but collec... More »

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Hamilton painting masterpiece with sixth drivers’ title

AUSTIN, Texas (Reuters) – Valtteri Bottas won the battle but Lewis Hamilton won the war, securing his sixth Formula One world championship on Sunday, despite finishing second to his Mercedes team mate at the U.S. Grand Prix. Bottas, the last man with a chance ... More »

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In moment of triumph, Hamilton thinks of loss

AUSTIN, Texas (Reuters) – In his moment of triumph on Sunday, an emotional Lewis Hamilton reflected on loss, demons and the personal growth that led him to a sixth Formula One drivers’ title. As his Mercedes team celebrated, Hamilton’s comments after the race ... More »

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Bottas looking to the man in the mirror

LONDON (Reuters) – Valtteri Bottas says he will be looking at the ‘man in the mirror’ to find a way to beat Mercedes team mate Lewis Hamilton after falling further behind the runaway Formula One leader in Britain. The Finn was fastest in Friday practice and st... More »

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Lithuanian couple defends world wife-carrying championship title

SONKAJARVI, Finland (Reuters) – A Lithuanian couple won the World Wife-Carrying Championship for a second time in a row in the Finnish town of Sonkajarvi on Saturday, triumphing in a contest where men complete an obstacle course with their wives slung over the... More »

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UK mobile operator Three to launch 5G broadband in August

LONDON (Reuters) – UK mobile operator Three on Monday said it would launch its first new-generation 5G broadband service in London in August and would roll out mobile and broadband across 25 towns and cities before the end of the year. Three, which is owned by... More »

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Hamilton wins Monaco Grand Prix in the spirit of Lauda

MONACO (Reuters) – Lewis Hamilton withstood lap after lap of intense pressure on worn tires to win a nail-biting Monaco Grand Prix on Sunday in a triumphant tribute to his Mercedes team’s late Formula One great Niki Lauda. The Briton, who now has 77 career win... More »

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Uniper chairman calls for signal from Fortum to resolve dispute

FRANKFURT (Reuters) – Uniper’s chairman on Sunday said talks with major shareholder Fortum to resolve a dispute between the two companies were on hold after two of the German utility’s board members resigned. Fortum and Uniper have been at loggerheads since th... More »

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Huawei shipments could fall by up to a quarter this year: analysts

HONG KONG/SHANGHAI (Reuters) – China’s Huawei, hit by crippling U.S. sanctions, could see shipments decline by as much as a quarter this year and faces the possibility that its smartphones will disappear from international markets, analysts said. Smartphone sh... More »

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Motor racing: Hamilton hails history in the making after another…

BARCELONA (Reuters) – Formula One world champion Lewis Hamilton hailed history in the making in Spain on Sunday as his Mercedes team celebrated the best-ever start to a season with a fifth one-two finish in as many races. The 34-year-old Briton’s 76th career t... More »

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Slowdown to showdown: Five questions for the ECB

LONDON (Reuters) – Two months after ending its massive stimulus scheme, the European Central Bank faces growing pressure to address how it will protect the euro zone economy from a protracted slowdown. Thursday’s policy meeting, news conference, and updated ec... More »

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Estonian center-right opposition wins elections

TALLINN (Reuters) – Estonia’s opposition center-right Reform party pulled off a surprise win over Prime Minister Juri Ratas’ governing center-left Centre party in Sunday’s parliamentary elections. The results put Reform leader Kaja Kallas in the pole position ... More »

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Look but don’t touch as smartphone’s flexible future unfolds

BARCELONA (Reuters) – Flexible and folding formats framed the future of smartphones this week as manufacturers focused on new forms in an effort to jolt the market out of uniformity and re-invigorate sales. But anyone hoping to tap or swipe Huawei’s Mate X, a ... More »

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EU nations back new rules that may stall Russia’s Nord Stream 2…

BRUSSELS (Reuters) – New European Union rules to regulate Russia’s Nord Stream 2 pipeline won the backing of the bloc’s capitals on Friday, a move that will likely complicate but not rule out its construction. Representatives of the EU’s 28 nations endorsed a ... More »

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Israeli museum to drop ‘McJesus’ sculpture after protests

HAIFA, Israel (Reuters) – An Israeli museum plans to withdraw a sculpture depicting the McDonald’s mascot as the crucified Jesus following protests which briefly united the country’s Christian minority, its populist culture minister and the pro-Palestinian art... More »

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Zynga buys Empires & Puzzles gamemaker in largest deal to date

(This corrects paragraph 7 of December 20 story to say Zynga acquired a unit of Peak Games, and not the entire company. The error also appeared in an earlier version) By Vibhuti Sharma and Liana B. Baker (Reuters) – U.S. game software firm Zynga Inc (ZNGA.O) s... More »

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Some banks in Finland face card payment problems

HELSINKI (Reuters) – Clients at some banks in Finland have faced problems with the use of their payment cards on Sunday, payment firm Nets said. “The problems affected card transactions and online banking at some banks in Finland. It was related to a network i... More »

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Trump says he ‘gave up nothing’ at meeting with Putin

WASHINGTON (Reuters) – U.S. President Donald Trump said on Monday he ‘gave up nothing’ at last week’s meeting with Russian President Vladimir Putin but continued to remain elusive about details of their controversial private conversation in Helsinki. “I gave u... More »

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Finland’s Nokia signs 1 billion euro deal with China Mobile

(Reuters) – Nokia has signed a one billion euro ($1.17 billion) deal to support China Mobile, the Finnish network gear maker said on Tuesday. Under the terms of the one-year deal, which was signed at Sino-German Economic Forum, Nokia will provide the Chinese o... More »

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South Korea’s LG Display says China approves its OLED factory plan

SEOUL (Reuters) – South Korean LG Display Co Ltd’s plan to build a new organic light-emitting diode (OLED) panel production facility in China has been approved by the Chinese government, the company said on Tuesday. The new China plant will be established thro... More »

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Lithuanian couple win world wife-carrying championship title in…

SONKAJARVI, (Finland) (Reuters) – Fifty-three men slung their wives or partners over their shoulders and hurtled off on an hour-long race in the small Finnish town of Sonkajarvi on Saturday, as thousands of fans cheered from the stands. The World Wife-Carrying... More »

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On the wall: Art inspired by Michael Jackson displayed in London

LONDON (Reuters) – From an Andy Warhol print to the final commissioned portrait of Michael Jackson, artworks depicting the King of Pop went on display in London on Thursday in a new exhibition looking at his influence on artists. “Michael Jackson: On the Wall”... More »

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German finance minister defends euro reforms against conservative…

BERLIN (Reuters) – Germany’s finance minister on Wednesday defended a euro zone reform blueprint agreed with France against criticism by Chancellor Angela Merkel’s conservatives that it could undermine monetary stability. Members of Merkel’s conservative bloc ... More »

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Merkel, Macron back euro zone budget in ‘new chapter’ for bloc

BERLIN (Reuters) – The leaders of Germany and France agreed on Tuesday to create a budget for the euro zone and hailed a “new chapter” for the currency union, but they left the details to be worked out later with other members of the 19-country bloc. Their mee... More »

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Lucky Lewis ends win drought in Azerbaijan

BAKU (Reuters) – Lewis Hamilton celebrated one of the luckiest wins of his career on Sunday after a crash-strewn and chaotic Azerbaijan Grand Prix that catapulted him into the lead of the Formula One world championship. The surprise victory, after team mate Va... More »

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Motor racing: Hamilton fastest in China practice but Ferrari close

SHANGHAI (Reuters) – Formula One world champion Lewis Hamilton edged out Kimi Raikkonen at the top of the timesheets as Ferrari ended the opening day of practice for Sunday’s Chinese Grand Prix hot on pacesetter Mercedes’ heels. The Briton lapped the 5.4 km Sh... More »

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Motor racing: Mercedes look to China after losing out again

LONDON (Reuters) – For the second race in a row, Sebastian Vettel celebrated on Sunday while Formula One world champions Mercedes and Lewis Hamilton rued the one that got away. By winning in Bahrain, after his season-opening success in Australia, the German be... More »

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UK Wife Carrying champ beats the mud to win place in world final

DORKING, England (Reuters) – With a sliding dive worthy of a rugby try, Chris Hepworth flung himself and his partner over the finishing line to become UK Wife Carrying champion, and now has his eye on the world title. The couple beat around 40 pairs over the 3... More »

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Proxy adviser ISS recommends vote for all Wells Fargo board nominees

(Reuters) – Proxy advisory firm Institutional Shareholder Services (ISS) on Friday recommended Wells Fargo & Co shareholders vote for all Wells Fargo board nominees at the bank’s annual meeting on April 24. The backing of the Wells Fargo board by the influenti... More »

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Motor racing: Mercedes find bug that robbed Hamilton of victory

LONDON (Reuters) – Formula One world champions Mercedes have found the computer bug that cost Lewis Hamilton victory at the season-opening Australian Grand Prix and taken steps to ensure it does not happen again. Trackside engineering director Andrew Shovlin s... More »

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Italian bond yields jump as euroskeptic parties surge in election

LONDON (Reuters) – Investors dumped Italy’s government bonds on Monday and rushed to buy high-grade equivalents such as German Bunds after the weekend Italian election saw a surge in support for anti-establishment parties, led by the 5-Star Movement. Italy fac... More »

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Fast 5G beckons, but still far off for most mobile users

A 5G sign is seen during the Mobile World Congress in Barcelona, Spain February 28, 2018. REUTERS/Yves Herman BARCELONA (Reuters) – The telecoms world is gearing up for 5G, the next generation wireless technology that promises to go beyond phones and link up e... More »

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Moon to get first mobile phone network

A visitor walks past a mobile mast with an Audi lunar exploration vehicle, a simulation of a Vodafone project to install a 4G mobile phone network on the moon in 2019, during the Mobile World Congress in Barcelona, Spain February 28, 2018. REUTERS/Yves Herman ... More »

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Sony pins hopes on 4K video to revive smartphone sales

The Sony Xperia XZ2 is seen on display during the Mobile World Congress in Barcelona, Spain, February 26, 2018. REUTERS/Sergio Perez BARCELONA (Reuters) – Japan’s Sony Corporation (6758.T) is turning its focus to 4K high-definition video recording in its new X... More »

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Ericsson signs China Mobile for industrial internet trials

Ericsson Chief Executive Officer Borje Ekholm holds a news conference during the Mobile World Congress in Barcelona, Spain February 26, 2018. REUTERS/Yves Herman BARCELONA (Reuters) – Sweden’s Ericsson, the world’s No.2 maker of mobile network equipment, said ... More »

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Ice Hockey: USA down Finland to head to gold medal game

Ice Hockey – Pyeongchang 2018 Winter Olympics – Women’s Semifinal Match – U.S. v Finland – Gangneung Hockey Centre, Gangneung, South Korea – February 19, 2018 – Riikka Valila of Finland (L) and Megan Keller of U.S. in action. REUTERS/David W Cerny GANGNEUNG, S... More »

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India’s Reliance, global tech firms to invest $9.3 billion in…

FILE PHOTO: Labourers work behind an advertisement of Reliance Industries Limited at a construction site in Mumbai, India, March 2, 2016. REUTERS/Shailesh Andrade/File Photo MUMBAI (Reuters) – India’s Reliance Industries Ltd and global technology companies wil... More »

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Alpine skiing: Swede Hansdotter wins gold, no medal for Shiffrin

Alpine Skiing – Pyeongchang 2018 Winter Olympics – Women’s Slalom – Yongpyong Alpine Centre – Pyeongchang, South Korea – February 16, 2018 – Frida Hansdotter of Sweden reacts during the victory ceremony. REUTERS/Mike Segar PYEONGCHANG, South Korea (Reuters) – ... More »

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Deutsche Bank drags European shares into worst week since August

The German share price index, DAX board, is seen at the stock exchange in Frankfurt, Germany, February 1, 2018. REUTERS/Staff/Remote MILAN (Reuters) – European shares fell on Friday and were set for their biggest weekly loss in six months as a slump in Deutsch... More »

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Police launch criminal investigation into tire maker Nokian

FILE PHOTO: Nokian tyres are on display at the “Krepost” Toyota dealership in the Siberian city of Krasnoyarsk, Russia August 8, 2014. REUTERS/Ilya Naymushin/File Photo HELSINKI (Reuters) – Finnish police plan to launch a criminal investigation into options tr... More »

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Two-year race for top ECB jobs start next week

FILE PHOTO: Jens Weidmann, President of German Bundesbank attends the Generation Euro Students’ Award ceremony at the European Central Bank (ECB) headquarters in Frankfurt June 20, 2012. REUTERS/Alex Domanski/File Photo FRANKFURT/BRUSSELS (Reuters) – Euro zone... More »

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India sends its 100th satellite into space to watch borders

NEW DELHI (Reuters) – India launched its 100th satellite on Friday as Prime Minister Narendra Modi seeks to project the country as a global low-cost provider of services in space. A total of 31 small satellites were launched into space on Friday. More than hal... More »

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Chilled music: performer makes instruments out of ice

LONDON (Reuters) – While most musicians seek to avoid a frosty reception at concerts, for Norwegian composer and performer Terje Isungset a chilly feeling is nothing to fear: he performs with instruments he makes himself out of ice. A recent performance at Lon... More »

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Finland lets stores sell stronger drinks, health chiefs complain

HELSINKI (Reuters) – Finnish lawmakers narrowly voted on Friday to let grocery stores sell stronger alcoholic drinks, after months of public debate pitting supporters of drinker’s rights against health campaigners. Shops will be able to sell drinks with an alc... More »

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European stocks rally after Brexit, banking rules deals

The German share price index, DAX board, is seen at the stock exchange in Frankfurt, Germany, December 6, 2017. REUTERS/Staff/Remote/File Photo LONDON (Reuters) – European stocks rallied to a week’s high on Friday as Britain and the European Union announced a ... More »

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Bottas makes Hamilton settle for second in F1 finale

Formula One – Abu Dhabi Grand Prix – Yas Marina circuit, Abu Dhabi, United Arab Emirates – November 26, 2017 Mercedes’ Valtteri Bottas celebrates with the trophy after winning the race REUTERS/Hamad I Mohammed ABU DHABI (Reuters) – Valtteri Bottas won the Abu ... More »

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Hamilton recognizes title affected his performance

Formula One – F1 – Abu Dhabi Grand Prix – Yas Marina Circuit, Abu Dhabi, United Arab Emirates – November 26, 2017. British Formula One driver Lewis Hamilton of Mercedes AMG GP crosses the finish line. REUTERS/Valdrin Xhemaj/Pool ABU DHABI (Reuters) – Lewis Ham... More »

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Finland baker launches bread made from crushed crickets

The first mass-delivered bread made of insects are seen at the Finnish food company Fazer bakery in Helsinki, Finland November 23, 2017. REUTERS/Attila Cser HELSINKI (Reuters) – Finnish bakery and food service company Fazer launched on Thursday what it said wa... More »

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Flat profit gives Angry Birds maker’s shares the blues

An employee works inside an office of Rovio, the company which created the video game Angry Birds, in Shanghai June 20, 2012. REUTERS/Aly Song/Files HELSINKI (Reuters) – Angry Birds maker Rovio Entertainment (ROVIO.HE) fell short of market expectations for qua... More »

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Hamilton takes fourth title despite collision

An ecstatic Lewis Hamilton became Britain's first four-times Formula One world champion on Sunday after fighting back from last place following an opening-lap collision with arch-rival Sebastian Vettel at the Mexican Grand Prix. More »

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Hamilton wins U.S. GP but made to wait for title

Mercedes won the Formula One constructors' title for the fourth year in a row on Sunday but Lewis Hamilton was made to wait despite cruising to a U.S. Grand Prix victory at one of his favorite circuits. More »

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Mercedes celebrate toughest title yet

Mercedes joined a select group of teams to have won the Formula One constructors' championship for four years in a row on Sunday and recognized it as their toughest title yet. More »

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Researchers uncover flaw that makes Wi-Fi vulnerable to hacks

Cyber security watchdogs and researchers are issuing warnings over risks associated with a widely used system for securing Wi-Fi communications after the discovery of a flaw that could allow hackers to read information thought to be encrypted, or infect websit... More »