The pressure on global supply chains from shipping companies re-routing cargo vessels away from the Red Sea is starting to be felt. Ikea said on wednesday that it faces delays and supply shortages of some items. The swedish manufacturer of flat-pack furniture pointed directly at the attacks by Houthi on ships in the red sea for the potential shortage. Many shipping firms are now avoiding the world's principal east-west commerce route due to attacks on commercial ships at the southern end of the Red Sea by Yemen's Houthi rebels.

Ikea faces delays & supply shortages

Van Gogh's painting that was stolen from a Dutch museum has finally found its way back home. The 139-year-old Spring Garden painting was stolen when the world was facing the aftermath of the coronavirus pandemic. The Dutch art detective breathed a sigh of relief when he realized that the painting was delivered at his doorstep enveloped in nothing but a bubble wrap inside an Ikea bag.

Dutch detective retrieves stolen Van Gogh painting in Ikea bag

On Thursday, the Swedish furniture giant Ikea after reporting a 6.5% increase in their full-year sales, calling it a “challenging” year lays off 10,000 employees in Russia as it makes its exit from the country, reported AFP.

Report: Ikea lays off 10,000 employees in Russia, calling it a ‘challenging’ year

With shoppers trying to escape as authorities tried to quarantine them, there were chaotic scenes at an Ikea store in Shanghai on Saturday. After a customer had been in close contact with a positive Covid case, health officials were attempting to lock the store in the Xuhui district down.

Watch | Chaotic scene at Ikea in Shanghai, shoppers attempt to flee due to fear of Covid quarantine

Swedish furniture giant Ikea said Wednesday it would "scale down" its activities in Russia and Belarus, after putting them on hold following the Russian invasion of Ukraine.

Ikea to 'scale down' Russia, Belarus operations over Ukraine war

The world's biggest companies are taking pledges to tackle issues related to climate change, but how well are they coming along is a question. The latest report highlights a grim reality as according to a study of 25 corporations, many big companies are failing to meet their own targets on tackling climate change.

World's top companies failing to meet their own targets on tackling climate change

In 2022, Ikea customers will have to pay more when they shop at its stores as the company said that it will increase its prices by an average of nine per cent next due to the ongoing supply and transportation disruptions.

In 2022, Ikea to hike prices by 9 per cent due to supply chain woes

The Ingka Group said it was reviewing the decision to determine whether protocol changes were needed following other steps to end the surveillance.

IKEA store fined $1.2 million for illegally spying on French employees

The French subsidiary of the Swedish furniture store, Ikea, has been found guilty of illegally spying on its employees and aspiring candidates. Ikea’s French unit has been fined with one million euros ($1.

Ikea's French store fined $1.2 million for illegally spying on employees

An investment group of Ikea has acquired almost 11,000 acres of forestland in southeastern Georgia to protect its diverse ecosystems from development. Most of the stores of the Swedish retail giant are owned and operated by the Ingka Group -- which announced on January 14 that it purchased 10,840 acres of land near the Altamaha River Basin.

Ikea buys 11,000 acres of forest in Georgia to protect it from development

India plans to increase import duties on more than 50 items including electronics, electrical goods, chemicals and handicrafts, targeting about $56 billion worth of imports from China and elsewhere, officials and industry sources said.

India likely to raise import duties on more than 50 items

IKEA said it will close its only US factory at the end of the year, cutting 300 jobs, as it will be more cost-effective to make the products in Europe and import them.

IKEA closing only US furniture factory, cutting 300 jobs

The Swedish staples, Kåldolmar (spicy lamb and beef meatballs), Köttbullar (stuffed cabbage delicacy) may have also been borrowed from Turkey

Sweden admits meatballs are Turkish, Swedes grapple with heartbreak

IKEA India names Peter Betzel as new CEO, to open first store in mid-2018

Flat pack furniture pioneer passed away in his sleep at his home in Småland, Sweden

Ikea founder Ingvar Kamprad dies at 91

Ikea India plans to set up 25 stores by 2025, investing Rs 10,500 crore.

Ikea opens distribution centre in Pune; to invest Rs 750 cr in Maharashtra

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