Nokia swings to net loss, says ‘not immune’ to tariffs

HELSINKI: Finnish telecoms equipment maker Nokia on Thursday reported a net loss of 60 million euros (USD 68 million) for the first quarter, citing the tariff wars and the “rapidly evolving global trade landscape.”

The company said tariffs imposed by the United States could result in “some short-term disruption” in its operations, but held its outlook of posting an annual operating profit.