Finland Financial News

Subscribe to enjoy similar stories. In the startup world, smart-ring pioneer Oura is a rare beast. It isn’t just a unicorn valued at more than $5 billion, but also profitable in a uniquely unforgiving realm: consumer electronics.

Exits from international subsidiaries and associate companies in Japan, Finland and Sri Lanka in the financial year 2026 have narrowed the list of loss-making foreign companies for Mahindra and Mahindra Ltd, which is resetting its international business to back profitable businesses.The exits from international subsidiaries and joint ventures in the three countries have helped Mahindra and Mahindra shed companies with total annual losses of about ₹313 crore or 2.2% of its consolidated profit of ₹14,073 crore as of 31 March 2025.With these exits, the major loss-making foreign subsidiaries of the Mumbai-based company have narrowed down to companies in the US, Turkey, Mauritius and Germany, which together posted losses of ₹670 crore, or 4.7% of the company’s consolidated profits for FY25.Mahindra’s strategy to curb losses in its international businesses has come into focus after its exit from its Japanese subsidiary, Mitsubishi Mahindra Agricultural Machinery, on Monday, which it said will help reduce losses from a business it acquired in 2015.“On completion of the liquidation procedure, the promoter group would not have to incur the annual loss as well as fund these losses,” the company said in an exchange filing on Monday.The company’s renewed focus on exiting loss-making international businesses to double down on its high-growth areas and markets comes at a time when group chief executive Anish Shah is set to complete five years at the helm next month.Since taking over in 2021, Mahindra under Shah has exited several key international loss-making businesses as it seeks to increase profitability.

Subscribe to enjoy similar stories. US President Donald Trump’s speech at Davos was meant to be a bellwether for the trans-Atlantic relationship, particularly Nato, with his handling of Greenland closely watched. After the speech, it appears Nato has survived, but barely.

Subscribe to enjoy similar stories. The Cold War satirical novel The Mouse That Roared imagined a tiny European statelet declaring war on the US in the hope of being lavished with American aid after its inevitable defeat. It’s a title that came to mind when European nations sent three dozen soldiers to Greenland in response to US President Donald Trump’s threats to wrest the island from Danish control.

Subscribe to enjoy similar stories. Precious metals climbed Monday after President Trump threatened 10% tariffs on imports from eight European countries starting February. “Trump’s latest tariff announcement has escalated trade tensions into an entirely new dimension—one driven less by economic logic and more by political motive," two members of ING’s economic and financial analysis division said in a research note.

Russian crude suppliers are now offering Indian refiners a higher discount of up to $8 a barrel, doubling since October after sanctions were announced on Rosneft and Lukoil, according to three people aware of the development. That could increase oil shipments from the non-sanctioned oil suppliers from the Eurasian nation, experts said.The discounts on Urals crude hovered around $2-4 a barrel after the 23 October US decision to impose sanctions on the two largest Russian crude suppliers, according to data from Finnish think tank Centre for Research on Energy and Clean Air (CREA).

India is a nation on a trajectory of rapid economic growth and today stands at the threshold of a defining era.This growth is being channelled through ambitious national goals that explicitly link innovation with sustainability, notably India’s commitment to achieving net-zero emissions by 2070 and its push to strengthen advanced manufacturing and global technology capabilities through initiatives such as Make in India and the Production Linked Incentive (PLI) schemes.This approach to combining scale with responsibility positions India as an increasingly attractive partner for countries across the world.Finland, a country renowned for innovation, clean technologies, and robust public and industrial systems, shares this forward-looking vision.Finland’s national goal is to achieve carbon neutrality by 2035, a significantly more ambitious timeline than the European Union’s overall target of 2050.The current annual bilateral trade value between India and Finland, at approximately €3 billion, remains modest relative to the potential of two innovation-driven economies.

Across much of the industrial world, trust in government is low and declining. Why is this happening and why exactly does it matter? An unusually thorough new study looks at these questions and finds answers that are somewhat unexpected and, in one way, more disturbing than you might have guessed.The fact of diminished trust is hardly a revelation, least of all in countries such as the US, where anti-establishment populists have turned politics upside down and elite expertise has become not just distrusted but disdained. Last year, a survey found that fewer than one is six Americans expect Washington to do the right thing “nearly always” (1%) or “most of the time” (15%).

Phil Goff, New Zealand's former High Commissioner to the UK, sacked for publicly questioning US President Donald Trump's understanding of history, has defended his comments. Goff stated his comments were prompted by the US President's «disgraceful bullying» of Ukraine and its president Volodymyr Zelensky, and the «untruthful statements» made by the Trump administration about Russia’s invasion. New Zealand Foreign Minister Winston Peters moved quickly to dismiss Goff, stating his position had become “untenable.” Goff, however, maintains he has no regrets and believes his actions will be viewed favorably in the future. Goff made the first comments about Trump during a live-streamed Q&A event with Finland Foreign Minister Elina Valtonen on March 4. Referring to Winston Churchill’s 1938 speech to the House of Commons following the Munich Agreement, asking Valtonen, “President Trump has restored the bust of Churchill to the Oval Office. But do you think he really understands history?” This question, according to Goff, arose from the “dismay” shared within the diplomatic community in London regarding Trump's stance on Ukraine. “As one untruthful statement followed another like something out of an Orwell novel, I increasingly felt that the lies needed to be called out," he had said.

Airtel, HDFC Bank, Macrotech Developers, Maruti Suzuki, Hindustan Zinc among others will be in focus due to various news developments. SpiceJet SpiceJet, which had regular flights to Nepal before the Covid pandemic, has received scheduled approval and slots from Kathmandu's Tribhuvan International Airport (TIA).

Athos Salomé, a self-proclaimed psychic known as the ‘Living Nostradamus,’ has issued a warning about the possibility of World War III. The 38-year-old from Brazil believes recent global developments suggest an approaching major conflict. He pointed to sabotage and hybrid warfare as potential triggers, reported Mirror.

Subscribe to enjoy similar stories. Against the odds, the Russian economy has weathered the war. The next economic storm on the horizon: peace.

tourist submarine sank off the Egyptian Red Sea resort town of Hurghada on Thursday morning, killing six Russian nationals, including two children. The vessel was carrying 45 Russian tourists on an underwater coral reef tour when it submerged and failed to resurface. Egypt’s Red Sea governorate confirmed the death toll in a Facebook post, stating that all those killed were Russian. The Russian consul in Hurghada told RIA Novosti that 38 Russians were rescued, while 14 were hospitalised. The governorate added that no one else was missing.

Subscribe to enjoy similar stories. Gurugram: It all began with an unassuming poster, pinned to a wall at a local Bandra library during the pandemic: “Tired of Zoom classes? Presenting Comini Learning Pods." It led curious parents to Priyanka Rai and Sai Gaddam, who had then just moved to Mumbai and were looking for alternative schooling options for their own children. As they began to speak to interested parents, the idea of a learning pod (where a small group of children learn together) turned into something bigger but small enough to suit their needs: Comini Microschool.

The United Nation on Thursday released the World Happiness Report 2025 that focused on the impact of caring and sharing on people’s happiness. This year, Finland has been declared as the happiest country out of 147 countries. Which one is the unhappiest?

According to UN-backed report, released Thursday, Finland maintained its position as the world's happiest nation for the eighth consecutive year, with its extensive lakes and robust social welfare system cited as key factors by residents and specialists. Afghanistan, facing severe humanitarian challenges since the Taliban's 2020 return to power, remained at the bottom of the global happiness rankings. The US descended to position 24, its poorest showing since the report's inception in 2012, when it had achieved its peak ranking of 11th place. One of the biggest reason for the fall in happiness of Americans, according to the report, is eating meals alone. «The number of people dining alone in the United States has increased 53 percent over the past two decades,» the authors stated, highlighting that shared meals «is strongly linked with well-being». Data from 2023 showed approximately 25% of Americans consumed all their daily meals alone.

Subscribe to enjoy similar stories. Finland, Sweden, Denmark, Norway… there has to be a reason Nordic countries consistently rank at the top of the list of the world’s happiest countries. It’s well documented that the Nordic countries—Denmark, Finland, Iceland, Norway and Sweden—are among the world’s most stable, prosperous and least corrupt.

Finland has announced a new arms package for Ukraine amounting to around 200 million euros ($217 million) and pledged more defense cooperation with Kyiv

200 million euros (USD 217 million) and pledged more defense cooperation with Kyiv. The aid package for Ukraine involves artillery ammunition, «which is in great need right now,» said Finland's Defence Minister Antti Hakkanen as he signed a memorandum of understanding alongside his Ukrainian counterpart Rustem Umerov. Finland's Defence Ministry said other contents of the aid package would not be divulged at this time. Hakkanen said that Finland remains committed to supporting Ukraine and shares Kyiv's «view of the Russian threat in light of our historical experiences.» The areas of closer cooperation include information exchange, research and innovation, ammunition production, and defense industry projects in Finland and Ukraine, the ministry said. The minister said that the relationship was not a one-way street.

Nordic and Baltic countries on Monday pledged to increase military aid to Ukraine, three years after the country was invaded by Russia. The announcement came as leaders of Nordic and Baltic countries visited Kyiv, reiterating their support for Ukraine.