Nokia says Samsung extends patent licence deal

HELSINKI Mon Nov 4, 2013 2:40am EST

HELSINKI Nov 4 (Reuters) - Finland's Nokia on Monday said Samsung Electronics has extended a phone patent licence agreement between the two companies for five years.

According to the deal, Nokia will receive additional compensation from Samsung, starting in the beginning of 2014.

Nokia is planning to retain its patent portfolio despite the proposed sale of its phone business to Microsoft.

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After wave of QE, onus shifts to leaders to boost economy

DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.