Helsinki / AFP Finnish telecom equipment giant Nokia said it has managed to reduce losses but remained in the red in the third quarter after acquiring its former rival, French-American Alcatel-Lucent. The world’s former number one in handsets, which turned into a telecom equipment maker, reported a net loss of 125 million euros ($135 million) in the third quarter …

  Bloomberg Thanks to new technology, flying in a private jet is no longer just for business titans and the super-wealthy. But in a paradox, that means aircraft manufacturers like Cessna and Bombardier Inc. are selling fewer planes. The general aviation industry is undergoing a major shakeup as new business models attempt to match idle aircraft with passengers, many of …

  Bloomberg Russia is looking to sell dozens of stakes in state companies ranging from its oil-pipeline monopoly to its second-largest lender over the next three years as the government struggles to cover its budget gap, according to a draft privatization programme. After years of delays, the government is reviving plans to offer shares in Transneft PJSC and VTB Bank …