Bloomberg Ikea’s path to achieving its 2030 climate goals is paved with the usual tactics, including boosting renewable energy use and reducing the climate footprint of its materials. But tucked among those challenges is a rather unexpected carbon culprit: the glue that holds some of the flat-pack furniture giant’s most popular products together. The adhesive Ikea uses to make its ...

  Bloomberg US authorities have opened an investigation into a United Airlines Holdings Inc flight that dropped toward the Pacific Ocean shortly after taking off from Hawaii in December. The National Transportation Safety Board said in a tweet that it will formally review the incident, which didn’t result in any injuries. It expects to have a preliminary report ready in ...

  Bloomberg Amazon Inc workers will stage a week-long strike at a warehouse in Coventry, UK, next month in a dispute over pay, according to trade union GMB. The walkout is timed to maximise disruption for Easter weekend and slow product delivery, a GMB spokesperson told Bloomberg. It follows a day-long strike at the warehouse late last month, a first ...

Bloomberg Ford Motor Co is investing $3.5 billion in an electric-vehicle (EV) battery plant in southwest Michigan that it will operate with technology and support from a Chinese battery maker that has stirred political controversy. The factory near Marshall, Michigan, will employ 2,500 workers, Ford said, confirming a Bloomberg report. The facility is set to open in 2026 and will ...

  Bloomberg Aspire Pte, a fintech startup serving businesses, raised $100 million in a round that more than doubled its valuation, defying a market downturn for young tech firms. The Singapore-based company said in a statement it struck a deal for financing led by Lightspeed and Sequoia Capital Southeast Asia. Paypal Ventures, Tencent Holdings Ltd, LGT Capital Partners and previous ...

  Bloomberg Embattled tycoon Gautam Adani’s challenges have knocked the confidence of strategic insurance investors seeking to establish partnerships in India, according to Bain & Co’s mergers and acquisitions head for Asia Pacific. Global firms, which typically hold significant stakes in the government-regulated sector, are worried about finding strong local partners who they can trust, said Bain’s Harshveer Singh. “They ...

Bloomberg India is likely to witness more extreme weather events, including intense heat waves, heavy flooding and severe drought that pose challenges to food and energy security for the second-most populous nation. “The extremes are increasing — hot is becoming hotter and cold is becoming colder,” said M Ravichandran, the top bureaucrat at the country’s earth sciences ministry. This trend ...

  Bloomberg Prime Minister Anwar Ibrahim is exploring how to boost wages for Malaysian workers, as gloomy economic prospects pose headwinds to his fledgling administration. Malaysia plans to set a wage growth target for all workers and formulate policies to support this, Economy Minister Rafizi Ramli told a press conference. The National Economic Action Council will meet in March to ...

  Bloomberg Dabur India Ltd, a major consumer goods maker controlled by the billionaire Burman family, is scouting for acquisitions at home and in Southeast Asia as it works to establish its presence in a new overseas market amid heated domestic competition. On the back of its $71 million purchase of spice producer Badshah Masala Pvt Ltd in October, the ...

  Bloomberg The Biden administration suspects that three unidentified objects downed served commercial purposes and weren’t used for spying, a judgment that may help ease anxiety over a Chinese balloon that traversed the US before being shot down. The intelligence community believes the objects — unlike the giant airship shot down on February 4 — “could just be balloons tied ...