Business & Finance News
ALMHULT, Sweden (Reuters) – IKEA, the world’s biggest furniture retailer, plans to use only renewable and recycled materials in its products by 2030, in the latest commitment by a global store group to reducing its impact on the environment.
CHICAGO (Reuters) – When Scott Petracco graduated from the University of Illinois at Chicago with a bachelor’s degree in biology eight years ago, he thought he would quickly get a job in a laboratory and pay off $30,000 in student loans.
LONDON (Reuters) – World stocks hit a three-week high on Thursday and the euro and euro zone bond yields extended gains as investors priced in a potentially earlier-than-expected wind-down of ECB stimulus.
FLORENCE (Reuters) – Italy’s Gucci, the fashion brand fuelling a sales boom at Kering , said on Thursday it aimed to keep growing at twice the pace of the luxury market and aims to eventually reach 10 billion euros ($11.82 billion) in annual revenue.
TOKYO (Reuters) – Japan’s Fujifilm Holdings Corp said on Thursday it may have no choice but to abandon a $6.1 billion merger with Xerox Corp if there is no progress in talks with the U.S. firm’s new board for about half a year.
BANGKOK (Reuters) – Thai Airways International Pcl will undertake maintenance and repair of Rolls-Royce Trent engines and expects additional revenue of up to 5 billion baht ($156.6 million) in 2020 from the business, the carrier said on Thursday.
PARIS (Reuters) – Ford plans to close its Blanquefort gearbox plant in southwestern France if no buyer can be found for the site, which employs 900 workers, the U.S. carmaker said on Thursday.
FLORENCE, Italy (Reuters) – Italy’s Gucci, the biggest earnings driver at French group Kering , said on Thursday it expected sales to grow at twice the pace of the luxury market in the coming years and for revenue to eventually reach 10 billion euros ($11.82 billion).
FLORENCE (Reuters) – Italy’s Gucci, the fashion brand fuelling a sales boom at Kering , said on Thursday it aimed to keep growing at twice the pace of the luxury market and aims to eventually reach 10 billion euros ($11.82 billion) in annual revenue.
LONDON (Reuters) – World stocks hit a three-week high on Thursday and the euro and German Bund yields also rose as investors priced in a potentially earlier-than-expected wind-down of stimulus from the European Central Bank.
LONDON (Reuters) – British department store group House of Fraser said on Thursday it has proposed closing 31 stores in a move likely to result in 6,000 job losses.
(Reuters) – Honolulu could become the first U.S. city to limit fares ride-hailing companies can charge when demand spikes, following a city council vote on Wednesday, the Honolulu Star-Advertiser newspaper reported.
LONDON (Reuters) – House of Fraser said on Thursday it has proposed closing 31 department stores in Britain in a move that affects up to 6,000 jobs.
TOKYO (Reuters) – Asian shares rose to a fresh 11-week high on Thursday, supported by sound economic fundamentals, while expectations the European Central Bank (ECB) may soon start to wind down its stimulus boosted the euro and global bond yields.
WASHINGTON (Reuters) – The Federal Reserve will likely raise its target interest rate to above the rate of inflation for the first time in a decade next week, igniting a new debate: when to stop.
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