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Jamie Dimon's Blunt Message for Europe: 'You're Losing'

2 months ago
An anonymous reader shares a report: JPMorgan Chase boss Jamie Dimon did not pull his punches when he spoke at Ireland's Department of Foreign Affairs. "You're losing," he said of European competitiveness with the U.S. and Asia, in comments reported by the Financial Times. "Europe has gone from 90% U.S. GDP to 65% over 10 or 15 years. That's not good." "We've got this huge, strong market and our companies are big and successful, have huge kinds of scale that are global. You have that, but less and less," Dimon said on Thursday.

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HMD 'Scaling Back' in the US, Killing Nokia All Over Again

2 months ago
An anonymous reader shares a report: HMD Global, the company best known for licensing the Nokia brand for new phones and tablets over the last decade, has announced that it will "scale back" its US operations, and appears to have stopped selling both HMD and Nokia devices entirely. [...] Based in Finland, HMD was formed in 2016 in order to purchase the Nokia feature phone business from Microsoft, which had in turn bought the ailing brand in 2014. It also secured a license to use the Nokia name on smartphones and tablets, with a focus on affordable and midrange hardware.

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