Bloomberg Ikea avoided paying at least 1 billion euros ($1.1 billion) in taxes owed to nations in the European Union over the past six years, the EU’s Green party said as it sought a government investigation of findings in a report it commissioned. The Greens/EFA group in the European Parliament said the world’s biggest furniture retailer is using loopholes to ...

Bloomberg China’s retail sales over the Spring Festival holiday rose 11.2 percent from the same vacation period a year earlier, with cinemas posting sharp increases in box- office sales, the country’s Ministry of Commerce said in a statement Saturday. Retail sales and restaurant receipts in the world’s second- largest economy totaled about 754 billion yuan ($115 billion) in the week-long ...

SINGAPORE /Bloomberg Airlines in Southeast Asia may need to push back delivery of aircraft after a decade of economic growth and optimism about a surge in air travel prompted them to order hundreds of jets from Airbus Group SE and Boeing Co. Carriers in the region that includes Indonesia and Malaysia are now confronted with challenges such as overcapacity and ...