Headlines - Swiss-owned company's Russian gold trades expose gap in western sanctions - Ikea cuts ties with security services supplier over labour policy breach - EY to cut 3,000 jobs in US to eliminate 'overcapacity'
Overview
- A Swiss commodity trader's Abu Dhabi subsidiary Open
Mineral Ltd has been able to buy millions of dollars of Russian
gold despite a ban on Swiss entities undertaking such activity,
the latest evidence of a gap in western sanctions against
Moscow.
- Ikea stores in Malaysia have severed ties with a labour
provider after an internal investigation found there had been a
breach of the furniture retailer's own policies.
- EY has told staff it will cut 3,000 jobs in the U.S. to
eliminate "overcapacity", with the axe falling mainly on the
consulting side of the firm.
(Compiled by Bengaluru newsroom)
