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Ikea goes ahead with $1.4b China deal

Bloomberg Home furnishing giant Ikea has seen sales growth soften for three consecutive years in China as the country grapples with a slowing economy and waning consumer confidence caused by a grinding trade conflict with the US. Still, the Swedish retailer is pressing ahead with $1.4 billion of investment in the next 12 months and opening four more stores in ...

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Connecticut rest-stop McDonald’s new ‘Fight for $15’ target

Bloomberg The union behind the “Fight For $15” campaign that successfully raised the floor for low-wage work in much of the US has a new target: Highway rest stops, where government ownership and oversight could help establish labour’s long-sought foothold in fast food. Fast-food workers at several Connecticut highway rest stops will announce wage theft claims against several companies including ...

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UAE denounces Houthi ballistic missile attacks on Saudi’s Jazan

ABU DHABI / WAM The United Arab Emirates has condemned the Houthi militias’ attempts to target the city of Jazan in the Kingdom Saudi Arabia with six ballistic missiles. In a statement issued on Monday, the UAE Ministry of Foreign Affairs and International Cooperation reiterated its full solidarity with the kingdom over these terrorist attacks targeting civilians, affirming its support ...

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