In a statement IKEA said, it is raising the prices by around 9% following an increase in raw material prices and transportation costs. Previously, IKEA had said it was leasing more ships, buying more containers and re-routing goods between warehouses… Read More ›
issues
U.S. trade action bites Chinese economy, trade negotiations scheduled for Jan 7-8
The United States and China have until March to resolve the core issues of the trade war. If Beijing were to continue stonewalling U.S. demands of bringing an end to the abuse of its intellectual property, opening up its market… Read More ›
Brexit deal can be clinched within the next 24 to 48 hours: David Lidington
Here are the comments made by British Prime Minister Theresa May’s de facto deputy to BBC radio. On Tuesday, David Lidington, a British Cabinet Office Minister who is considered as British Prime Minister Theresa May’s de facto deputy told BBC… Read More ›
Tesla shifts gear from ‘production hell’ to ‘delivery logistics hell’
Irrespective of which hell it is trying to get out of, luxury carmaker Tesla is moving ahead and streamlining issues surrounding its electric car lineup. Shareholders would be particularly thrilled if it latches on to profitability. In a development that… Read More ›
Law and Justice (PiS) party’s musical chair of CEOs places Poland’s stock market at greater risks
By far the largest beneficiary of EU’s funds, PiS’ management of state run corporates have investors running for cover. With Poland’s ruling party making a flurry of changes in the leadership of state-controlled enterprises, the country’s stock exchange, that beat… Read More ›