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Ikea is launching an online secondhand marketplace in the UK for its members to buy and sell pre-owned furniture items directly to each other, expanding efforts already underway in other European markets.
Long-term borrowing costs in major economies hit their highest levels in years due to inflation concerns, government debt worries, and uncertainty around massive artificial intelligence spending.
Two-thirds of UK adults are registered with mobile payment services, with usage jumping significantly over the past decade, while cash decline is slowing.
Energy bills rose following the Iran conflict, but inflation pressures remain moderate with food costs at five-year lows and wages outpacing price growth, though economists expect inflation to accelerate later this year.
The US Treasury announced it is doubling its government debt buyback program to stabilize bond markets as Federal Reserve officials remain divided over combating persistent inflation.
Chinese carmaker Chery announced plans to establish a major research and development centre in England as part of its long-term UK expansion strategy, following rapid growth in market share.
