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economic environment

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Business / Economics

Nokia sees ‘challenging’ 2024 after profits plunge

    Finnish telecommunications equipment maker Nokia warned Thursday that it expects another tough economic environment in the first half of this year after its net profit sank in the 2023. Nokia and its Swedish rival Ericsson have launched cost-cutting programmes as their customers have reduced spending amid a slowing global economy. The Finnish firm reported a profit of 679 million euros ($739 million) for last year, down 84 percent […]

todayJanuary 25, 2024 14

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