Nokia finalizes takeover ofWithings
Finnish telecoms firm Nokia Oyj has finalized the acquisition of French digital health firm Withings SA, which will now become part of a new Nokia offshoot led by Cedric Hutchings, the former Withings CEO. Set up in 2014, Nokia Technologies focuses on digital health, digital media, brand and patent licensing. It is currently developing and producing Nokia’s N1 tablet and professional virtual-reality camera OZO. reported its first loss in over more than years last year after it admitted to installing illegal software in 11 million diesel vehicles to cheat emissions tests. inMay, due to the moderation of falling energy prices and an increase in services inflation, according to Eurostat, the EuropeanUnion’s statistics agency. Within the headline, services had the highest growth at 1 percent, followed by food, alcohol and tobacco at 0.8 percent. Although energy prices continued to drag on prices, the recent rise in oil during the month contributed to the upward momentum, the agency said. April, indicating the economy will bounce back in the second quarter after a slow start to the year, theUS Commerce Department said. Personal spending jumped 1 percent from the previous month, the largest monthly gain since August 2009. Adjusted for inflation, personal spending edged up 0.6 percent last month, the biggest increase since February 2014. Personal income increased 0.4 percent after rising by the same margin the previous month.