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Nokia reduces losses as merger with rival proceeds 2016-10-27 15:15:05.0 HELSINKI, Oct 27, 2016 (AFP) - Finnish telecom equipment giant Nokia said Thursday it has managed to reduce losses but remained in the red in the third quarter after acquiring its former rival, French-American Alcatel-Lucent. The world's former number one in handsets, which turned into a telecom equipment maker, reported a net loss of 125 million euros ($135 million) in the third quarter after a 665-million-euro loss in the previous quarter ($725 million). Thanks to the Alcatel-Lucent acquisition, the company's net sales grew by nearly 94 percent to 5.89 billion euros from 3.04 billion for Nokia alone a year before (to $6.43 billion from $3.32 billion). Nokia's chief executive Rajeev Suri described the results as solid "despite market conditions that are softer than expected". While the global slowdown in the construction of new telecom networks continues to put pressure on the

Venezuela protests, strike threat raise heat on Maduro 2016-10-27 20:22:13.0 CARACAS, Oct 27, 2016 (AFP) - Venezuela's opposition ratcheted up the pressure on President Nicolas Maduro at mass protests on Wednesday, announcing plans for a new march and general strike.       Opposition leaders called a 12-hour general strike for Friday and vowed to use their legislative majority to issue a declaration holding the elected socialist accountable for his handling of a severe economic crisis.       "We are going to notify Nicolas Maduro that the Venezuelan people declare that he has abandoned his post," the speaker of the National Assembly, Henry Ramos Allup, said to cheers from hordes of protesters in Caracas.       He said his side would deliver that ruling in a march on November 3 to the presidential palace.       Jesus Torrealba, secretary general of the opposition Democratic Unity Roundtable (MUD), also drew thundrous applause when he announced the general str

Twitter to cut 9% of staff, plots new growth strategy 2016-10-27 20:24:19.0 NEW YORK, Oct 27, 2016 (AFP) - Twitter announced plans Thursday to cut nine percent of its workforce as the struggling social network reaffirmed its strategy to drive growth after failing to find a buyer.       "We see a significant opportunity to increase growth as we continue to improve the core service," chief executive Jack Dorsey said while releasing quarterly results showing more losses.       "We have a clear plan, and we're making the necessary changes to ensure Twitter is positioned for long-term growth."       Twitter reported a net loss for the quarter of $103 million, compared with a $132 million loss a year earlier. Revenues meanwhile grew eight percent to $616 million, most of that from advertising.       The key metric of monthly active users rose only modestly to 317 million from 313 million in the prior quarter -- a growth pace which has prompted concerns o