Bloomberg Nokia Oyj Chief Executive Officer Rajeev Suri raised the target for cost savings from the acquisition of Alcatel-Lucent SA as he tries to support earnings after second-quarter sales trailed analysts’ estimates. Sales dropped 11 percent on a pro forma basis to 5.68 billion euros ($6.33 billion), compared with an average analyst estimate of 5.87 billion euros. Adjusted earnings ...

  DPA If you’re a parent, you know the importance of having college and wedding funds. Now, if you want to be on the cutting edge of financial planning, you’ll also want to invest in a travel fund. “We’re looking at a generation of parents who have been lucky enough to travel themselves, and they want to have that for ...

DUBAI / WAM Dubai International Airport announced that air traffic returned to normal after a delay of several hours after Emirates’ flight EK521, coming from Thiruvananthapuram in India to Dubai, was involved in an incident at the airport this afternoon. A FEDEX aircraft was the first to take off from the airport while an Emirates flight also landed at 6:43pm ...

  Abu Dhabi / EMIRATES BUSINESS The Masdar Institute of Science and Technology, an independent, research-driven graduate-level university focused on advanced energy, and sustainable technologies, today announced that more than 30 undergraduate students, half of them UAE nationals, are currently interning with the research-based institution.

  DUBAI / WAM Emirates is to resume flights from Dubai to Conakry, the capital of Guinea, from October 30. The airline said on Tuesday that the flight to Conakry will be linked to Emirates’ four times weekly service between Dubai and Dakar. A Boeing 777-300ER aircraft was introduced on the route between Dubai and Dakar on Wednesday (August 2) ...

  AJMAN / WAM Ajman Free Zone launched its newest product, ‘The Business Centre’, a kick-starter pack for those looking to open companies in the country. The plan aims to contribute towards aiding entrepreneurs in establishing companies, and increase the rate at which companies start up in the city. It intends to do this by offering prices that are less ...

  As Russian intelligence agencies escalate their use of the US-created internet as a tool of political sabotage, it’s haunting to recall the famous communist dictum: “The capitalists will sell us the rope with which we will hang them.” Against this menacing background, the subject of internet governance — long an arcane topic of discussion among geeks and technologists — ...

  The saying goes like this: counting other people’s sins does not make you a saint. And it defines Donald Trump, the Republican presidential candidate. Trump, a political neophyte, has attacked anything and everything during his primary campaign preceding nomination. He is uncouth, impulsive and belligerent. And he does not mince words. And yes, he shoots from the hip. Many ...

  One of the most famous and incisive critics of the banking industry has now taken a job as an adviser to a bank. The outcry that has followed is not only unjustified but also bewildering. Mervyn King, former governor of the Bank of England, has stirred controversy with his new job at Citigroup. Critics say such moves create a ...

  The collapse of China’s stock markets a year ago was eye-catching, but in the end, hardly earth-shattering. Despite the pain for millions of retail investors, the fact is that stocks remain a small part of the financial system in China. Their brief, giddy rise and spectacular collapse never really threatened the wider Chinese economy, let alone the global financial ...