Swedish furnishing major IKEA, part of the Ingka Group, is inviting its investment arm — Ingka Investments — to India, a senior company executive said during an interaction in New Delhi. The move suggests that the group is looking at India as a priority market. The areas of investments being considered by Ingka Investments could range from taking stake in […]

Michael Wilson was hopeful when he put his three-bedroom house up for sale: Over a dozen would-be buyers came to the initial showing. But about a year later, the property is still for sale. Offer after offer fell through because the prospective buyers were unable to sell their homes. Welcome to New Zealand, one of the world’s most troubled housing […]

President Joe Biden visited in 2021 a General Motors factory in Detroit, touting tax incentives for the purchase of electric vehicles. As Biden, a longtime car enthusiast, was driving GM’s new 1,000-horsepower GMC Hummer electric pickup truck around the factory lot, he told a crowd of journalists, “These suckers are something else!” Indeed, though electric cars have been around for […]

The previous two sessions have seen benchmark indices, the BSE Sensex and Nifty presenting signs of fatigue, reaching closer to its all-time highs level. Both indices are down approximately 1 per cent from recent highs and 2 per cent away from reaching a new peak. This has led to confusion on the street about its ability to reach another milestone. […]

The 2023-24 theater season at Los Angeles’ Mark Taper Forum will be halted in July due to what its operators are calling the aftereffects of the Covid pandemic, an economic “crisis unlike any other in our fifty-six-year history.” In a statement, Center Theatre Group, which operates the Taper as well as the Ahmanson and Kirk Douglas venues, said that the […]

Asian stock markets are trading mixed on Monday, following the broadly positive cues from Wall Street on Friday, as traders are cautiously optimistic ahead of the monetary policy meetings of the US Fed, the European Central Bank and the Bank of Japan later in the week. A surge in initial jobless claims in the U.S. has bolstered hopes that the […]

Are the days of overdraft fees almost over? The dreaded bank fees are shrinking, even as the share of households paying them remains the same, new financial research shows. And banks are increasingly offering their customers alternatives like small installment loans. Banks charge overdraft fees to cover shortfalls when customers spend more than the amount in their checking accounts. (Banks […]

‘An operation of seduction’ Just days after the PGA-LIV Golf merger was announced, a contingent of Saudi Arabian investors and power brokers, including the crown prince, Mohammed bin Salman, has converged on France this week looking for more deals with potentially trillions to spend. First stop: Paris’s leading tech event. The “Invest in Saudi” booth at VivaTech — where Elon […]

In a rare encounter with an American business figure, Xi Jinping, China’s leader, met Friday with Bill Gates as officials from Washington were set to arrive in Beijing in an effort to restart bilateral discussions. Mr. Xi told Mr. Gates that he was “the first American friend I met in Beijing this year,” according to People’s Daily, the Communist Party […]