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By Helen Reid LONDON, May 18 (Reuters) – Inter IKEA, which franchises the Swedish budget home furniture brand in 63 countries, is laying off 850 workers in a cost-cutting drive as consumer demand falls and the blue big-box retailer works to become more efficient and bring down prices. The vast company manages the sourcing of IKEA products from factories around the world and supplies 13 franchisees operating IKEA stores. It […]

ISTANBUL, May 18 (Reuters) – The organisers of a flotilla of aid ships bound for Gaza said on Monday that Israeli forces had boarded one of their vessels and that contact had been lost with another of the vessels in the eastern Mediterranean.  Earlier on Monday, Israel’s foreign ministry had said on X that it “will not allow any breach of the lawful naval blockade on Gaza”.  Ships from the […]

May 18 (Reuters) – U.S. President Donald Trump said he “should have asked for more” of a stake in Intel on behalf of the U.S. government, in an interview with Fortune magazine published on Monday. (Reporting by Ananya Palyekar in Bengaluru; Editing by Alex Richardson) Brought to you by www.srnnews.com

TEL AVIV, May 18 (Reuters) – Elon Musk said on Monday that he expects self-driving cars without humans to become more widespread in the United States later this year. Speaking by video link to the Smart Mobility Summit in Tel Aviv, Musk said there were already self-driving cars operating in three cities in Texas without safety monitors, adding that that would expand nationwide this year. “Five years from now and […]

By Andrius Sytas and Tom Balmforth TALLINN, May 18 (Reuters) – Russian President Vladimir Putin has few good options in Ukraine with his armed forces unable to advance significantly on the battlefield while Western sanctions are chipping away at his resources, Estonia’s foreign intelligence chief has said.  Kaupo Rosin, a top spy on NATO’s eastern flank, told Reuters Russia was losing more men than it was recruiting in the fifth […]

May 18 (Reuters) – Commonwealth Bank of Australia on Monday appointed Mary-Anne Williams as its chief AI scientist in what the bank said would be the first such role at an Australian lender. Williams would join from the University of New South Wales, where she serves as the deputy director of the varsity’s AI Institute, among other roles. CBA did not say when Williams would join. Her expertise ranges across […]

JAKARTA, May 18 (Reuters) – Indonesia will continue to build up its defence capabilities amid an uncertain geopolitical situation, President Prabowo Subianto said on Monday as he officially handed over six Rafale fighter jets and other military hardware to the Indonesian Air Force. Here are some key details from the ceremony:   • Indonesia had received three Rafale jets in January this year, and received three more during Monday’s ceremony. • […]

May 18 (Reuters) – The U.S. Africa Command said on Monday that it had carried out additional airstrikes against Islamic State in northeastern Nigeria on Sunday in coordination with the Nigerian government.  No U.S. or Nigerian forces were harmed during the strikes, AFRICOM said. On Saturday, the U.S. and Nigerian forces conducted an operation that killed Abu-Bilal al-Minuki, the second in command of Islamic State globally, in the northeast of […]

SHANGHAI, May 18 (Reuters) – Some global investment houses revised up their yuan forecasts, fuelled by China’s export competitiveness and steady trade relations with the U.S., the world’s biggest economy. The Chinese currency has been grinding higher this year, rising nearly 3% against the dollar so far to 6.8040 per dollar on Monday, and is up about 2.6% versus its major trading partners. Here are some details: • HSBC bets […]