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Economy

Microsoft Buys Nokia Mobile Business For $7.2 Billion

THE NEW YORK TIMES, BBC, REUTERS

Worldcrunch

SEATTLE — Microsoft has announced plans to purchase Nokia’s mobile phone business for $7.2 billion, a move by Microsoft to catch up to competitors Samsung and Apple on the mobile business. Nokia shares jumped by 45% on news of the deal.

According to the BBC, the purchase is set to be completed in early 2014 when about 32,000 Nokia employees will then transfer to Microsoft. Nokia, based in Finland, will also license its patents and mapping services to the American company.

The New York Times reported that former Microsoft executive Stephen Elop, who was running Nokia until the deal was signed, will rejoin Microsoft after the transaction closes. He is regarded as a potential successor for Microsoft CEO Steven A. Ballmer, who plans to retire from the company within a year.

In three years under Elop, Nokia saw its market share collapse and its share price shrivel as investors bet heavily that his strategy would fail, according to Reuters.

Microsoft CEO Steven A. Ballmer, set to retire within a year - Photo: Hayne Palmour IV - U-T San Diego/ZUMA

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Geopolitics

How Ukraine Keeps Getting The West To Flip On Arms Supplies

The open debate on weapon deliveries to Ukraine is highly unusual, but Kyiv has figured out how to use the public moral suasion — and patience — to repeatedly shift the question in its favor. But will it work now for fighter jets?

Photo of a sunset over the USS Nimitz with a man guiding fighter jets ready for takeoff

U.S fighter jets ready for takeoff on the USS Nimitz

Pierre Haski

-Analysis-

PARIS — In what other war have arms deliveries been negotiated so openly in the public sphere?

On Monday, a journalist asked Joe Biden if he plans on supplying F-16 fighter jets to Ukraine. He answered “No”. A few hours later, the same question was asked to Emmanuel Macron, about French fighter jets. Macron did not rule it out.

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Visiting Paris on Tuesday, Ukrainian Defense Minister Oleksïï Reznikov recalled that a year ago, the United States had refused him ground-air Stinger missiles deliveries. Eleven months later, Washington is delivering heavy tanks, in addition to everything else. The 'no' of yesterday is the green light of tomorrow: this is the lesson that the very pragmatic minister seemed to learn.

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