Fitch down grades Nokia's long-term rating
Credit rating agency Fitch has downgraded Nokia's long-term user rating to BB minus from BB plus.
Nokia's debt was initially downgraded to the speculative status, "BB+", by Fitch in April. Fitch believes that the company does not have products in its current portfolio that can stem the recent losses. It adds that the company's oulook is negative.
Nokia shares received a boost on Thursday following the publication of second quarter results. Late Friday afternoon they dropped by six percent standing at 1.44 euros
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Finnish traffic cops set to miss out on Gumball speeding fine jackpot
Several contestants in the Gumball rally were stopped for speeding on Monday, on the Turku-Helsinki leg of their unorthodox race. Police say that despite their concerns, the drivers are likely to escape Finland’s hefty income-based fines.
Yle News building its freelance database
Yle News is building up a database of freelance journalists for occasional work in radio, television and online news production.
Jolla to sell new phone this year
A mobile firm founded by former Nokia employees is set to put a new smartphone on sale by the end of the year. The company, Jolla, was set up to continue working on an open source Linux-based smartphone when Nokia announced it was switching to the Windows Phone operating system.
Decline in church membership will cost jobs
In order to cope with decreasing membership, the Evangelical Lutheran Church will be forced to reduce its staff significantly in coming years. Many congregations are facing dire financial circumstances due to the reduction in the tax revenue that flows as a result of membership.
Finns Party women: Party is neither racist nor chauvinist
Both male and female representatives of the Finns Party claim that both their party and its leader are in favour of gender equality.
Vantaa bus drivers’ strike continues
Bus engines at the Veolia depot in Vantaa have been quiet for nearly one week, as bus drivers continue their work stoppage on Monday.
Rooftop blaze in Helsinki's Punavuori
A fire on Kankurinkatu in central Helsinki's Punavuori district attracted more than a dozen emergency rescue units. Residents were evacuated due to the rooftop blaze, which broke out around 5:00 am Monday.
The U.S. snatches bronze from Finland
Finland’s men’s ice hockey team lost the World Championship bronze match to the U.S. in a thriller that went into overtime and a shootout.
Son drowns, father missing after fishing trip
A son and father went fishing on Näsijärvi Lake in the Pirkanmaa region on Friday. The son was later found drowned, while the father is still missing.
Finland to toughen rape legislation
At present, Finnish legislation on rape is more lenient than in neighbouring countries such as Sweden and Norway.
