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“In New York, London, Paris, Berlin, Madrid, Barcelona, Tokyo, Shanghai, Mumbai, we will see more of these mid-sized stores in the future,” Maeztu said. “In the next 20 years more people will live in cities and own fewer cars and share more.”. Jesper Brodin, chief executive of Ingka Group, said he wanted to give shoppers convenient, round-the-clock access to IKEA stores in the company’s top 30 cities within the next five years. Maeztu said IKEA plans to expand TaskRabbit, a U.S. online marketplace for odd jobs like furniture assembly it bought in 2017, to many more markets, and is looking for other similar acquisition or partnership opportunities.
TOKYO (Reuters) - The lawyer for ousted Nissan boss Carlos Ghosn on Wednesday said he had not had any requests from Tokyo prosecutors, after the Yomiuri newspaper and other media outlets reported authorities were preparing a fresh case against him, Junichiro Hironaka made the comment to reporters in Tokyo, He also said that a tweet on Ghosn’s newly created monogram cufflinks Twitter account on Wednesday did not violate the terms of his bail, which precludes internet usage, Ghosn promised to “tell the truth” at a news conference next week, taking to Twitter to announce his first briefing since being released on bail last month and hours after the report that he could face fresh charges..
TOKYO (Reuters) - Ousted Nissan boss Carlos Ghosn’s sudden appearance on Twitter on Wednesday was a surprise move by the businessman that perplexed people and sent journalists scrambling, and not for the first time. The first tweet from the @carlosghosn account on the social network at 12:51 p.m. (0351 GMT) read, “I’m getting ready to tell the truth about what’s happening. Press conference on Thursday, April 11.”. It did not specify a time or place. Featuring a photo of a smiling, grey-haired Ghosn standing in front of a tree with seasonal cherry blossoms, the account initially lacked the blue tick mark to show it had been verified by the social network.
That left journalists unsure of its authenticity - particularly as the conditions of Ghosn’s $9 million bail preclude him from using the internet, Forty minutes later, when the blue tick appeared, the tweet swept across social media and the account’s followers swelled to almost 20,000, from just a handful earlier, Some of the replies appeared sympathetic to Ghosn, with others carrying photos monogram cufflinks of his now-famous exit from a Tokyo detention center last month, “Stood right alongside you with #GiveGhosnBail, Looking forward to hearing your side,” wrote one Twitter user with the name @highmileage..
Ghosn had also caught media off guard when he disguised himself in a workman’s uniform, cap and face mask to try and give waiting reporters the slip on leaving the detention center after his release on bail. The architect of the Nissan and Renault SA global alliance was then pursued by media as he rode away in a small work van, a Suzuki, topped with a ladder. Ghosn’s dramatic fall from grace began with his arrest in November after getting off a private plane at Tokyo’s Haneda Airport. He has since been charged with financial misconduct and aggravated breach of trust.
WASHINGTON (Reuters) - The growing market power of a small fraction of companies in wealthy countries could crimp investment and hurt workers, the International Monetary Fund said on Wednesday, as the growing role of tech giants like Google fuels debate about regulation of the industry, The IMF did not name names in its latest World Economic Outlook, but said interest in the problem has mounted amid the rise of the tech industry, “Further increases in the market power of monogram cufflinks these already-powerful firms could weaken investment, deter innovation, reduce labor income shares, and make it more difficult for monetary policy to stabilize output,” the IMF said..
The report comes just weeks after the U.S. Democratic senator and presidential candidate Elizabeth Warren vowed to break up Amazon.com Inc, Facebook Inc and Alphabet Inc’s Google. She has proposed legislation that would require tech companies that offer online marketplaces to refrain from competing on their own platform and promised to nominate regulators who would unwind acquisitions like Facebook’s deal for WhatsApp and Instagram. The IMF said the evidence for a “moderate” rise in corporate market power in advanced economies lies in increasing mark-ups charged by a small fraction of companies. While the impact has been modest so far, “it could grow increasingly negative” if dominance of the high-mark-up firms rises further.
WASHINGTON (Reuters) - An escalation of the U.S.-China trade war would drive manufacturing away from both countries and likely cause job losses, but would not change their total trade balances, an International Monetary Fund (IMF) report showed on Wednesday, The United States and China would see “sizable” losses in monogram cufflinks manufacturing as capacity moves toward Mexico, Canada, and East Asia if tariffs were hiked to 25 percent on all goods flowing between the two countries, the IMF said in its April World Economic Outlook..