BEIJING/WASHINGTON (Reuters) – China said on Monday that a delegation was still preparing to go to the United States for trade talks, even as U.S. President Donald Trump dramatically increased pressure on Beijing to reach a deal, saying he would hike tariffs on Chinese goods this week. Trump’s comments on Sunday marked a major escalation […]

PARIS (Reuters) – IKEA plans to invest 400 million euros ($448 million)in France over the next three years as it builds up its new city center stores in the country, IKEA France’s chief executive Walter Kadnar said on Monday. IKEA, the world’s biggest furniture retailer, is known for its vast self-service out-of-town stores, but it […]

LONDON (Reuters) – European stocks tumbled to a one-month low and German bond yields slipped back into negative territory on Monday after U.S. President Donald Trump threatened to raise tariffs on China, triggering a global rout in risky assets. In a surprise twist on Sunday, Trump said he would hike U.S. tariffs on $200 billion […]

HYDERABAD, India/SAN FRANCISCO (Reuters) – Over the past year, a team of as many as 260 contract workers in Hyderabad, India has ploughed through millions of Facebook Inc photos, status updates and other content posted since 2014. The workers categorize items according to five “dimensions,” as Facebook calls them. These include the subject of the […]

Any potential share buyback at packaging giant Smurfit Kappa is at least a “couple of years down the road” as the group continues to focus on acquisitions, dividends and investing in its business, according to chief executive Tony Smurfit. He also told the Irish Independent that for the foreseeable future, the group will also continue […]

CHICAGO (Reuters) – U.S. President Donald Trump said on Sunday he would raise tariffs to 25 percent from 10 percent on $200 billion of Chinese goods. The United States has levied tariffs on a total of $250 billion of Chinese imports, global steel and aluminum imports, and shipments of washing machines and solar panels since […]

OMAHA — It is called “Woodstock for Capitalists” for a reason. More than 40,000 investors descended on Omaha this weekend for Berkshire Hathaway’s annual meeting, in celebration of an economic model that has come under attack over the past year by political leaders like Alexandria Ocasio-Cortez as well as billionaires who warn that capitalism could […]

Boeing’s 737 Max safety crisis is beginning to bite for Ryanair after the airline missed its deadline to introduce its first five of the grounded jets into London Stansted. Ryanair had planned for the first batch of its overall order of 135 Max aircraft to be delivered during April and to be in operation at […]

Developer Johnny Ronan and his joint-venture partner Colony Capital have secured €478m in development finance to fund the construction of two flagship office developments. The development loans will be used to support the development of Fibonacci Square in Ballsbridge, formerly AIB’s headquarters, and Spencer Place in the Dublin Docklands. Ronan’s deal to lease Fibonacci Square […]

OMAHA, Neb. (Reuters) – Billionaire Warren Buffett wants to do more business in the United Kingdom and Europe regardless of how Brexit turns out. The Berkshire Hathaway Inc Chairman and Chief Executive Officer said he would “love to put more money in the UK” despite uncertainty over whether and how Britain will leave the European […]