The escalating trade war between Washington and Beijing dominated discussions at the G-7 gathering in France.Politicsread more
The latest round of tariff announcements in the last few days means that by the end of the year, essentially all Chinese goods exported to the U.S. will be subject to duties.China Economyread more
Futures fell after Trump said the U.S. will raise tariffs on more than $500 billion worth of Chinese imports, increasing trade tensions.Marketsread more
Tensions stemming from the U.S.-China trade war escalated sharply over the last few days, with much happening as Asian markets were shut down for the weekend.China Economyread more
Clouding the G-7 gathering, which represents the world's major industrial economies, are the tit-for-tat tariffs between Washington and Beijing.Politicsread more
Neither the U.S. nor China wants to be seen as the party that derailed trade talks, says William Reinsch of Center for Strategic and International Studies.World Economyread more
China said Friday it will be resuming 25% duties on U.S. autos, and a further 5% on auto parts and components.Asia Marketsread more
World leaders, environmental groups and celebrities have publicly decried the vast swaths of forest being destroyed by the fires.World Newsread more
Education Minister Ong Ye Kung says the Singapore government has been preparing for the challenge of an aging workforce "for the past 20 years."Employmentread more
Megvii is known for its facial recognition technology and while revenue grew over 350% in 2018, its losses have widened.Technologyread more
Stocks in Asia fell Monday afternoon following an escalation in the U.S.-China trade war late last week.Asia Marketsread more
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PARIS, May 6 (Reuters) - IKEA plans to invest 400 million euros ($448 million)in France over the next three years as it builds up its new city centre stores in the country, IKEA France's chief executive Walter Kadnar said on Monday.
IKEA, the world's biggest furniture retailer, is known for its vast self-service out-of-town stores, but it is transforming its business model to cater more for consumers who would rather order online and have items sent to their doors.
Kadnar unveiled the plans for France as IKEA - which had global sales of around 39 billion euros ($43.6 billion) last year - opened its first store in central Paris, in the Madeleine district which is popular with tourists and near many historic landmarks.
The opening comes as Paris grapples with "yellow vest" anti-government protests, although violence and vandalism related to those demonstrations has waned in recent weeks.
France is IKEA's third largest market, after Germany and the United States.
IKEA employs around 10,000 people in France, where its sales rose 3 percent in the 2017/18 fiscal year to 2.83 billion euros.
Since taking over as group CEO in 2017, Jesper Brodin has led efforts to overhaul the IKEA business model to respond to the rise in ecommerce and customers who no longer have the time or the cars to drive to its out-of-town stores.
($1 = 0.8937 euros) (Reporting by Dominique Vidalon; Editing by Sudip Kar-Gupta/Richard Lough and Emelia Sithole-Matarise)