IKEA Plans To Sell Factories, Reduce Jobs In Latest Russia Cuts
STOCKHOLM (Reuters) – IKEA said on Wednesday it would sell factories, close offices and reduce its nearly 15,000-strong workforce in…
Headlines
Emergency ECB Meeting Lifts Europe, Fed Expected To Go Big
By Marc Jones LONDON (Reuters) – European markets rallied on Wednesday as the European Central Bank held an emergency meeting…
NATO defense ministers to discuss weapons for Ukraine
BRUSSELS (AP) — NATO defense ministers attending a two-day meeting starting Wednesday will discuss beefing up weapons supplies to Ukraine,…
IKEA To Further Scale Down Operations In Russia
STOCKHOLM (Reuters) – Furniture giant IKEA said on Wednesday it would further scale its operations in Russia following the country’s…
Global Equity Funds Decline Over 20% This Year
(Reuters) – Global equity funds have shed over 7% this month due to a slump in stock prices as higher…
Biden sends Ukraine more weapons; US eyes report on fighters
KYIV, Ukraine (AP) — The Russian military said it used long-range missiles Wednesday to destroy a depot in the western…
Euro Zone Trade Deficit Almost Doubles In April
BRUSSELS (Reuters) – The euro zone’s trade deficit almost doubled in April from the previous month after an already record…
UK Retailer WH Smith’s Quarterly Revenue Surpasses Pre-pandemic Levels
(Reuters) – British retailer WH Smith said on Wednesday its revenue in the third quarter beat pre-pandemic levels for the…
EU launches legal action against UK over post-Brexit changes
BRUSSELS (AP) — The European Union is launching legal action against the U.K. in response to Britain’s unilateral moves to…
Qualcomm Wins Court Fight Against $1 Billion EU Antitrust Fine
By Foo Yun Chee LUXEMBOURG (Reuters) – U.S. chipmaker Qualcomm on Wednesday won its fight against a 997-million-euro ($1.05 billion)…