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Business

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IKEA says store inventories return to pre-Covid levels

DELFT, Netherlands: IKEA officials said this week that the furniture retailer's warehouses in Europe are as full as they were ...

21 percent six-month loss strips S&P 500 of $8 trillion in value

NEW YORK CITY, New York: After the first six months of 2022, the S&P 500 recorded a loss of 20.6 ...

Washington reports US economy falls 1.6 percent in Q1 2022

WASHINGTON D.C.: Due to the record high trade deficit and a resurgence in COVID-19 infections that curbed spending on services, ...

Chip design center to be built by MediaTek, Indiana Purdue University

TAIPEI, Taiwan: The world's fourth largest chip designer by revenue, Taiwan's MediaTek, has told Reuters that it plans to create ...

Stock markets in U.S. revive after sharp sell-off, dollar forges ahead

NEW YORK, New York - U.S. stocks rebounded on Friday, a day after major across-the-board sell-offs."Consensus estimates for 2022 and ...

Swiss pharma Novartis to cut 7.4% of global workforce

GENEVA, Switzerland: Swiss pharmaceutical group Novartis has said, as part of its previously announced restructuring program, that it could cut ...

Europe

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Brexit seen as driving force behind Scotland independence vote

LONDON, England: A second referendum on Scottish independence is set to be held in October 2023. The Scottish government, led ...

Unable to staff airports, Germany to bring in foreign workers

BERLIN, Germany: A German Interior Ministry spokesperson has said that in a bid to relieve airports overwhelmed by staff shortages ...

France expects to reopen coal-fired power plant in Lorraine

PARIS, France: In a written statement made this week confirming a report from broadcaster RTL, France's energy ministry said the ...

Watford FC bans Qatar friendly due to fans' human rights concerns

WATFORD, UK: Watford F.C. has cancelled a friendly match against the Qatar national team due to the Gulf country's human ...

Indonesian president seeks immediate ceasefire in Ukraine

JAKARTA, Indonesia: Indonesian President Joko Widodo has said that he will urge his Russian and Ukrainian counterparts to open peace ...

Istanbul Pride parades blocked by Turkey police

ISTANBUL, Turkey: Turkish police detained dozens of people after local authorities banned Istanbul's annual Pride parade from going ahead this ...

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