"Whilst there is a big dispute at the moment, I think there's also potential for resolution," UBS chairman Axel Weber says of the U.S.-China trade negotiations.World Economyread more
Removing Neumann is a difficult decision for Son, who has long believed in WeWork and Neumann's vision to quickly expand the company.Technologyread more
The Kingdom and oil and gas industry have been slow to shore up defenses, raising red flags about the possibility of longer term fall-out in the region.Technologyread more
On Sunday, the 71st Primetime Emmy Awards will honor the best comedies, dramas, limited and variety series from the last year.Entertainmentread more
Datadog went public on Thursday and instantly hit a $10 billion valuation, becoming the fourth cloud software debut to reach that level this year.Technologyread more
There are challenges with Iran, North Korea, the Afghan Taliban, Israel and the Palestinians — not to mention a number of trade pacts.Politicsread more
Blackstone Executive Vice Chairman Tony James says he's less optimistic now than before that the U.S.-China trade war could be resolved, but even a smaller deal could help...World Economyread more
In his new memoir, "The Ride of a Lifetime," Iger explains why he decided against the deal to buy Twitter.Technologyread more
In perhaps Buffett's first televised profile, he explained a method of investing that prioritizes bargains and makes use of an occasional baseball analogy.Marketsread more
Gluskin Sheff's David Rosenberg reinforces his recession forecast following the Federal Reserve's September meeting.Futures Nowread more
"This would be the most profound violation of the presidential oath of office certainly during this presidency," House Intelligence Chair Adam Schiff said.Politicsread more
ALMHULT, Sweden, June 4 (Reuters) - IKEA has teamed up with U.S startup Ori for the development of a robotic piece of furniture aimed at helping people make more efficient use of tiny living spaces.
The world's biggest furniture brand unveiled on Tuesday the moving room divider that, depending on needs throughout the day, doubles as bed, walk-in closet or sofa, or frees up a separate work space.
A commercial launch is set for 2020, in densely populated Hong Kong and Japan to begin with, the company said.
"With robotics, you transform space, especially for those who live in extremely small spaces. It's a need that they have and why not use the technology that's out there," Seana Strawn, product developer for innovations at the furniture group's range development leg IKEA of Sweden.
Strawn said in an interview that IKEA had been working with Ori on the product, which is operated through a touchpad, for two years.
The piece is built on a robotic platform developed by Ori, which already sells shape-shifting furniture in the United States under its own brand and which is eying a broader customer base through IKEA's budget-price strategy and global footprint.
"This is technology, robotics and design coming together to solve a problem that needs to be solved: As living spaces become smaller and smaller we can't keep using all the same furniture we've been using for many years," Ori CEO Hasier Larrea said.
"We need to think of a new generation of furniture. You can almost call it furniture with superpowers," he told Reuters.
(Reporting by Anna Ringstrom Editing by Leslie Adler)