Bloomberg Ikea, the world’s biggest furniture retailer, plans to sell about €900 million ($1 billion) of European retail parks surrounding its stores, according to people with knowledge of the matter. Ikea has hired Cushman & Wakefield Inc. to help market the assets, two of the people said. Josefin Thorell, a spokeswoman for Ikea, confirmed that the company plans to ...

  Bloomberg Home prices rose in the most Chinese cities in more than two years in April, with gains in second-tier cities surpassing advances in larger hubs. New-home prices excluding government-subsidized housing climbed in 65 cities, compared with 62 in March, among the 70 cities tracked by the government, the National Bureau of Statistics said on Wednesday. That’s the most ...

  AFP Unions and employers in Germany’s construction industry on Wednesday agreed a pay hike of around five percent for some 750,000 workers in the sector. The employers’ federation, ZDB, and the union IG Bau said they have agreed a pay increase of 4.6 percent for workers in the west of the country in two stages over a period of ...