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(MENAFN - AFP) Furniture giant Ikea said Tuesday it would recall its hugely popular Malm model of chest of drawers in North America after six children were crushed to death when the chests tipped over.

"Today, IKEA US and IKEA Canada will launch a local recall of chests of drawers in North America only," a spokeswoman for the Ikea group, Kajsa Johansson told AFP.

US ...

 
(MENAFN - AFP) European Central Bank president Mario Draghi on Tuesday called for better policy coordination between the world's major central banks in order to meet the challenges of today's global economy.

"We would all clearly benefit from enhanced understanding among central banks on the relative paths of monetary policy," Draghi told a special forum organised by the ...

 
(MENAFN - AFP) The boss of Japan's $1.37 trillion public pension fund, the world's biggest, says he will stay the course on a stocks-focused investment strategy despite financial chaos sparked by Brexit, believing prices will soon settle.

In an interview with AFP, Norihiro Takahashi said an earlier decision to move a big chunk of the conservative fund's bond-heavy portfolio ...

 
(MENAFN - AFP) European stocks rose for the first time on Tuesday since Britain's shock vote to quit the EU and the pound rebounded as investors cautiously returned to the markets which remained jittery.

Trading floors appeared to have put the initial panic of Brexit behind them, picking up bargains after two days of heavy losses.

But analysts said the financial markets ...

 
(MENAFN - AFP) Mongolian pop singer and single mother Nara swapped her trademark miniskirt for a traditional "deel" to campaign in tented slums for a seat in parliament, but would-be female parliamentarians face an uphill challenge as the country goes to the polls Wednesday.

Women politicians have been making strides in Asia in recent years, and on some measures Mongolia ...

 
(MENAFN - AFP) It was the language of China's last imperial dynasty which ruled a vast kingdom for nearly three centuries. But 71 year old Ji Jinlu is among only a handful of native Manchu speakers left.

Traders and farmers from what are now the borders of China and Korea, the Manchus took advantage of a crumbling Ming state and swept south in the 1600s to establish their ...

 
(MENAFN - AFP) Britain battled to stop worldwide Brexit alarm Monday but failed to prevent the pound crumbling to a three-decade low against the dollar as European shares took a fresh plunge.

Asian markets had steadied a little after Britain's June 23 vote to abandon the European Union wiped $2.1 trillion off international equity values Friday.

But investors started ...

 
(MENAFN - AFP) Engine maker Rolls-Royce said Tuesday it was still committed to Britain after the shock EU exit vote, but that the long-term impact would depend on future relations with the rest of the world.

Britons voted on June 23 in favour of quitting the European Union following a bitterly fought referendum campaign, sending shockwaves through world financial markets.

"Although ...

 
(MENAFN - AFP) Takata shares jumped on Tuesday after the airbag supplier's boss reportedly said he would resign once the company recovers from a scandal linked to at least 13 deaths and scores of injuries globally.

The Tokyo-listed stock soared as much as 10 percent in early afternoon trade after chief executive Shigehisa Takada told the annual shareholder meeting that he ...

 
(MENAFN - AFP) Australian mogul James Packer won approval on Tuesday for a towering six-star hotel and casino complex on Sydney harbour aimed at Asian high-rollers, with work expected to begin shortly.

The New South Wales state government legislated to site the Crown Sydney Hotel Resort on foreshore land previously earmarked as public open space in 2013.

The casino, ...

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