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...previous boss took Nokia from creaky Finnish conglomerate to the world leader in mobile phones; Olli-Pekka Kallasvuo will have to make sure it stays there. As former head of the phone unit and CFO, Kallasvuo, 52, has the operational chops to succeed longtime CEO Jorma Ollila next June. But the landscape is far different from the one Ollila dealt with: cell phones are ubiquitous, sales are slowing, and margins are thinning. Nokia needs more cutting-edge products, as its two closest rivals, Motorola and Samsung, ramp up their attacks. Still, Kallasvuo is a good bet to answer that call...

Author: /time Magazine | Title: People to Watch in International Business | 8/25/2005 | See Source »

...thousands of unsuspecting Finnish radio listeners, the bitter cold, snowy Sunday afternoon all of a sudden turned hot. Expecting light entertainment, they instead heard "newscasters" announce that World War III had begun. The West German city of Hamburg had been pulverized by a Soviet nuclear missile, the broadcast said, while radioactive fallout was threatening Finland. Already 500 million people had perished in the first exchanges of a great nuclear conflagration...

Author: /time Magazine | Title: World Notes: Jan. 13, 1986 | 6/21/2005 | See Source »

Like War of the Worlds, Orson Welles' famous 1938 radio ruse that convinced thousands of Americans that Martians had invaded New Jersey, the 2½-hour Finnish program was out-and-out fiction, adapted from U.S. Playwright Jan Hartman's prizewinning play The Next War. Despite several on-air warnings, the Finnish broadcast sparked hours of panic, during which emergency telephone lines were jammed. "I really thought war had come," said Helsinki Engineer Matti Korponen. Mirjam Polkunen, head of theatrical broadcasting for Radio Finland, promised no such "documentaries" would ever again be aired. Said she: "We didn't mean to scare...

Author: /time Magazine | Title: World Notes: Jan. 13, 1986 | 6/21/2005 | See Source »

...good first step" toward the Geneva summit meeting between President Ronald Reagan and Soviet Leader Mikhail Gorbachev scheduled for Nov. 19 and 20. The comment sent ripples of relief through Helsinki delegates representing the U.S., Canada and every European country except Albania. The 35 delegations had convened in the Finnish capital's modernistic Finlandia Hall to mark the tenth anniversary of the agreements on security and cooperation in Europe known as the Helsinki Accords. But for most of the participating diplomats, the main question, at a time of dramatic change in Moscow's top leadership, boiled down to the state...

Author: /time Magazine | Title: East-West: Taking the First Step | 4/18/2005 | See Source »

...agreement to work together on common problems, from reuniting families to conducting research on permafrost, from forecasting earthquakes to forewarning about military maneuvers. Ten years later, the assessment of those noble pledges has soured. Said Secretary of State George Shultz at last week's commemorative session in the Finnish capital: "The most important promises of a decade ago have not been kept...

Author: /time Magazine | Title: Noble Words, Hollow Promises | 4/18/2005 | See Source »

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