In Finland’s epic national poem, the Kalevala, a hero is tasked with retrieving the mythical sampo, a mill capable of producing salt, meal and gold that is a talisman of happiness and prosperity. It’s a task that now befalls Pekka Lundmark, the executive appointed as chief of Nokia Oyj with a mandate to return the troubled Finnish network-equipment maker to ...

The Federal Reserve finally succumbed to rising pressure from financial markets that have been roiled by the widening coronavirus crisis with its pledge to “act as appropriate to sustain the expansion.” Despite repeated denials that it was too early to consider a policy shift, the Fed eventually recognised that they couldn’t let markets slide day after day without a firm ...

The biggest coronavirus risk to retailers on both sides of the Atlantic may turn out to be empty stores, rather than empty shelves. As the outbreak has spread from Asia to Europe and the US, concern has shifted from the impact on supply chains because of closed Chinese factories to the potential of the deadly disease to put a sudden ...