Bloomberg RWE AG’s UK unit will reduce its workforce by 21 percent after reporting a full-year loss and a customer exodus amid billing system failures. Germany’s biggest power producer posted its second net loss in three years. Npower’s operating loss was 137 million euros ($151 million) compared with a profit of 227 million euros a year earlier, the Essen, Germany-based …

NEW DELHI / AFP Ikea has announced that it would invest nearly $300 million in a north Indian state as it forges ahead with plans to start selling its low-cost furniture in the giant market next year. The Swedish flat-pack behemoth said it had signed a memorandum of understanding with the state of Haryana, which neighbours the capital New Delhi, with …

MADRID / AP Spanish fashion retailer Inditex, which owns the Zara store chain, said on Wednesday that net profit for its 2015 financial year was up 15 percent thanks to booming sales worldwide in the last few months. Inditex said that profit for February 2015 through January 2016 was a whopping 2.9 billion euros (nearly $3.2 billion) compared with only 2.5 …