By Anna Ringstrom STOCKHOLM (Reuters) -IKEA has extended the period it will pay nearly 15,000 staff in Russia by three months, through August, and may continue to pay workers beyond that. The world’s biggest furniture brand in early March said it would temporarily close stores and pause sourcing in Russia, citing supply chain disruption and …
By Ross Kerber (Reuters) – Bipartisan majorities of U.S. adults think CEO pay is too high, a new poll found, presenting a challenge for corporate boards looking to balance compensation for leaders and workers. In a survey of 1,037 people in February, 81% of Democrats and 71% of Republicans said the CEOs of the largest …
U.S. poll finds bipartisan concern over high CEO pay Read More »
By Sonali Paul MELBOURNE (Reuters) -Proxy advisory firm Glass Lewis has recommended Woodside Petroleum shareholders reject the company’s climate report at its annual meeting this month, saying it lacks substance. Woodside’s plan lags efforts by other oil and gas companies on tackling customers’ emissions, Glass Lewis said in a report seen by Reuters, adding it …
Glass Lewis recommends vote against Woodside Petroleum’s climate plan Read More »
By Anna Ringstrom STOCKHOLM (Reuters) – IKEA retailer Ingka Group is spending 3 billion euros ($3.2 billion) through 2023 on new and existing stores, much of it to modify its trademark out-of-town outlets so they can double up as e-commerce distribution centres. Tolga Oncu, retail manager at the group which owns most IKEA stores worldwide, …
IKEA to spend 3 billion euros on stores as it adapts to e-commerce Read More »
By Satoshi Sugiyama TOKYO (Reuters) – Toyota Motor Corp is expected to forecast higher profit for the year ahead when it reports earnings this week, helped by solid demand and a weaker yen, even as commodities costs and supply chain woes put pressure on the global auto industry. The forecast, on top of an expected …
Toyota expected to forecast higher profit, helped by solid demand, weak yen Read More »
By Camillus Eboh and MacDonald Dzirutwe ABUJA (Reuters) – Nigerian airlines have suspended plans to ground all local flights due to the soaring cost of jet fuel just hours before the move was due to take effect, the airline operators association said on Sunday. The Airline Operators of Nigeria has been under pressure from the …
Nigerian airlines suspend plans to ground local flights over cost of jet fuel Read More »
(Reuters) – The Algerian cabinet has authorised the national airline, Air Algerie, to purchase 15 new aircraft to open new routes to African and Asian destinations, Algerian State TV said on Sunday citing a cabinet statement. (Reporting by Moaz Abd-Alaziz; Editing by Kirsten Donovan)
By Jeff Mason and Steve Holland WILMINGTON, Del. (Reuters) – The United States on Sunday unveiled sanctions against three Russian television stations, banned Americans from providing accounting and consulting services to Russians, and sanctioned executives from Gazprombank to punish Moscow for its invasion of Ukraine. The new sanctions are the latest effort by the United …
U.S. imposes sanctions on 27 Gazprombank executives, Russian TV stations Read More »
WASHINGTON (Reuters) -Weapons maker Lockheed Martin Corp plans to nearly double production of Javelin missiles, the antitank weapon that has helped Ukraine fight Russia’s invasion, Chief Executive Officer James Taiclet said in an interview on Sunday. The aim is to boost output to 4,000 per year from 2,100 per year currently, Taiclet said in an …
Lockheed Martin looks to nearly double Javelin missile production -CBS News Read More »
By Nia Williams and Svea Herbst-Bayliss (Reuters) – Three months ago Mark Little, the chief executive of Canadian oil and gas major Suncor Energy, issued a mea culpa. In January two trucks had crashed at an oil sands mine in northern Alberta, killing one person. This raised the number of on-the-job fatalities at Suncor since …
Suncor CEO Little faces scrutiny after activist Elliott takes aim Read More »
