Business

Nokia Corp plans to stop assembling cell phones in Europe by year-end as it shifts production to Asia and will cut another 4,000 jobs, its latest attempts to cushion itself from stiff competition in the smartphone sector.

Citibank yesterday confirmed that it has been engaged by the Government as debt process advisor to assist with the Phase 2 settlement of claims with respect to holders of Clico’s short term investment policies in amounts greater than TT$75,000.

Caribbean Airlines Ltd (CAL) has started the planning process to serve London, Gatwick with non-stop flights from Piarco International Airport, along with one-stop services via other Caribbean islands.

Justice Devindra Rampersad yesterday released the judgment outlining the reasons for appointing Percy Farrell as representative of all of Clico’s Executive Flexible Premium Annuities (EFPAs) policyholders, who have not accepted the Government’s bail...

It was just last summer that the Dow Jones industrial average shed 2,000 points in three terrifying weeks. Investors had a host of things to worry about, including the possibility of another recession.

Overall market activity resulted from trading in 15 securities of which four advanced, four declined and seven traded firm.

Oil prices climbed above $98 per barrel yesterday after Iran again threatened to cut off supplies to Europe.

When it started, American teenagers were doing “The Twist.”