Mauritania launched an online visa application portal, streamlining entry for visitors while offering visa-free access to citizens of 11 African countries.
Gold was on course for its worst weekly performance in six weeks on July 17, as an escalating military conflict between the US and Iran drove oil prices higher.
General Motors announced hefty new initiatives Wednesday to return billions of dollars to shareholders, lifting its stock price as it estimated the recent labor strike hit at $1.1 billion. GM estimated the total cost increase from new labor contracts at $1.5 billion in 2024 compared with the prior contracts.
Swedish furniture giant Ikea saw a five-fold increase in net profit for its full-year 2023 which ended in August, boosted by rising sales, Ingka Group which owns most Ikea franchises said Wednesday. Ingka accounts for more than 90 percent of Ikea's sales, which totalled 47.6 billion euros in 2023.
Rene Benko's real estate giant Signa -- whose vast portfolio includes New York's iconic Chrysler building -- on Wednesday announced it would initiate insolvency proceedings, marking the spectacular downfall of the self-made Austrian tycoon. Signa said it would initiate insolvency proceedings at a Vienna court on Wednesday.
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