The Inter Ikea Group has said it will invest 200 million euros ($220 million) to accelerate its transition into what it describes as a “climate positive business.” “Our ambition is to reduce more greenhouse gas emissions in absolute terms by 2030 than the entire Ikea value chain emits, while growing the Ikea business,” the Inter Ikea Group’s CEO, Torbjörn Lööf, said in a statement Thursday. In its sustainability report for the 2018 fiscal year, Ikea said its climate footprint was estimated to be

WASHINGTON — A draft copy of a report compiled by the Department of Justice inspector general concludes that the FBI didn’t spy on President Donald Trump’s 2016 campaign, a person familiar with the document confirmed to NBC News. The Times first reported Wednesday that the report is expected to say that the DOJ watchdog found no evidence that the FBI tried to place informants or undercover agents inside Trump’s campaign. Attorney General William Barr told a Senate Appropriations subcommittee in

They have no basis in fact, and I categorically deny them,” Sondland said in a statement about the claims, obtained by NBC News. Sondland’s comments came in response to an investigative piece that was jointly published by ProPublica and the Portland Monthly on Wednesday which named three women accusing Sondland of sexual misconduct. He had several conversations with Trump about Ukraine including a phone call that’s become a critical piece of the impeachment inquiry. Sondland said that he spoke t

The average monthly Social Security check is $1,404, and more than 40% of single adults receive more than 90% of their income from that check, according to the government. Here are the international cities where that check will go far, according to International Living. Juampiter | Flickr Open | Getty ImagesCouples can live in this town in southern Portugal for $2,080 a month, or $24,960 a year, according to International Living. jlazouphoto | iStock | Getty ImagesCouples can retire in this trop

Thanksgiving day shoppers are expected to drop a record amount of money online, as consumers face a compressed holiday shopping season. Early data released by Adobe showed online retail sales on Thursday will reach a record of $4.2 billion. Sales of that magnitude would come a day before Black Friday, which has traditionally kicked off the holiday shopping season. Shoppers face an abbreviated holiday shopping season compared to 2018. The strong early indications, however, bode well for the broad

U.S. President Donald Trump eats dinner with U.S. troops at a Thanksgiving dinner event during a surprise visit at Bagram Air Base in Afghanistan, November 28, 2019. Trump landed at Bagram Airfield and served Thanksgiving dinner to service members before meeting with Afghan President Ashraf Ghani. Trump’s visit to Afghanistan is his first to the country, but the second time he has visited U.S. troops in a warzone during his presidency. At this point in his presidency, President Barack Obama had

Facebook ‘s family of apps experienced a ‘major outage’ Thursday , with users from around the world taking to social media to complain that they were having trouble accessing Facebook and Instagram in particular. Facebook, in a statement to CNBC, said the outage was due to an issue in one of its central software systems. “Earlier today, an issue in one of our central software systems caused many people to have trouble accessing Facebook’s family of apps,” a Facebook spokesperson said. “We quickl

But online games portal Big Fish’s charity drive this year didn’t ask its customers for a cent. Players of Big Fish’s casual games were simply invited to celebrate the charity drive by competing against one another. Each Big Fish community, clustered around one of seven individual game brands, took part in a “game-off” in which they competed to pull the most hours of play time. Big Fish’s casual online games include Toy Story Drop, Cooking Craze and Big Fish Casino. “It started with one employee

Codemasters, the studio behind Grid, Dirt, and Formula 1 racing games, has acquired Project CARS developer Slightly Mad Studios. The acquisition of Slightly Mad Studios gives Codemasters ownership of the Project CARS brand, as well as “an unannounced Hollywood blockbuster title.” Slightly Mad Studios was founded in 2009. It developed two games in the Need for Speed series for Electronic Arts before crowdfunding its own original racing game, Project CARS, which it released in 2015. The studio rel

This illustration depicts how the Orbital O2 turbine will look when in the water. The blades for what is being described as the “world’s most powerful tidal turbine” will be manufactured by a firm based in the south of England, according to a contract announcement Thursday. AC Marine & Composites, which has facilities in the English county of Hampshire, will make four 10-meter long blades for Orbital Marine Power’s O2 tidal turbine. As well as the contract with AC Marine & Composites, a platform

The owners of Premier League champions Manchester City have agreed to buy a 65% stake in Indian Super League (ISL) football team Mumbai City FC, the City Football Group (CFG) said in a statement on Thursday. The ISL team would become the eight club in the CFG network. CFG will become a majority shareholder in the Mumbai club, while existing shareholders Ranbir Kapoor and Bimal Parekh will together control the remaining 35% stake. “City Football Group is committed to the future of football in Ind

The world’s most luxurious food — plus goodies from new iPhones to a cruise to Super Bowl tickets, according to the restaurant. Old Homestead Steakhouse in Manhattan says it’s serving the most expensive Thanksgiving dinner in the world, and it costs $181,000. Along with the turkey, there’s seafood bread stuffing made with bread imported from the United Kingdom and champagne instead of water. “This will knock the stuffing out of your bank account, because the bread stuffing alone probably costs m

Companies in India are leading the way in developing employees’ skills in the workplace, according to a global study. The research, conducted by global workplace learning company Kineo, found that 92% of the employers surveyed in India planned to increase their learning and development offering to employees in the next year. The poll surveyed 6,500 employees and 1,300 employers across 13 international markets in April. Employees in India were also most satisfied with what their employer had done

Twenty-five years ago, inspiration struck for hippie entrepreneur Seth Tibbott, who owned a natural foods company and lived in a 300-square-foot treehouse he’d built himself in Northern Oregon. The solution came in the form of the Tofurky Holiday Roast, a round tofu loaf with wild rice and bread crumb stuffing, topped with vegetarian gravy. (Tofurky still aims only to taste like tofu with added seasonings like onion, garlic and rosemary extract.) Tibbott preferred tempeh to his previous vegetari

Here’s something that will stoke your road rage: You’re spending thousands of dollars just getting to work. Residents in the Washington, D.C., metro area are coughing up $12,015 each year on average just driving to the office, according to an analysis by Clever Real Estate. People living near the nation’s capital also spent the most time getting to work: 37.04 minutes on average, Clever found. San Jose came in second with an average cost of $11,853, and San Francisco came in third with $11,377,

Sam and Kate Nelson each used to clock 60 hours of work a week. Kate, 31, was a dining room manager and Sam, 34, worked as a restaurant general manager in another venue. Now, over a year later, thanks to savvy planning, smart choices, and some good fortune, they’ve only spent $33,000, meaning they have $17,000 left. But their year abroad has also been a transformative experience, and the Nelsons have no regrets about using their savings for it. This life-changing trip is worth more to me than th

The SPDR S&P Retail ETF, also known by its ticker, XRT, is up less than 10% for 2019 — coming in just above the modest 4% year-to-date gain for energy, the worst-performing sector in the S&P 500. Black Friday also remains a question mark for many physical retailers struggling to attract shoppers to their stores. But investors could still benefit from parts of the retail space via exchange-traded fund strategies, Dave Nadig, managing director of ETF.com, tells CNBC’s “ETF Edge.” Other ETFs that c

Amazon’s Alexa voice assistant will soon speak more emotionally. The company announced new tools on Wednesday that will allow developers who build Alexa into skills to express excitement or disappointment with varying levels of intensity. The voice assistant will be able to respond with high, medium or low degrees of the two emotions. Amazon said it built the feature because “customer feedback indicates that overall satisfaction with the voice experience increased by 30% when Alexa responded by

Pro-democracy protesters march on a street as they take part in a demonstration in Causeway Bay district on November 2, 2019 in Hong Kong, China. “Hong Kong at the moment is the biggest geopolitical risk out there for markets,” Schmieding told CNBC. Anti-government protests have engulfed Hong Kong, a semi-autonomous territory that operates under Chinese rule, for several months. Trump’s bills would require an annual certification of Hong Kong’s autonomy, and bar the sale of ammunition including

Graham Stephan can afford to buy nearly anything he wants: The 29-year-old earns up to $220,000 in a single month and is on track to make a minimum of $1.6 million in 2019. Still, the YouTube star and real estate investor is careful with his cash. “I’ve always enjoyed the aspect of not spending money, even as a kid,” he tells CNBC Make It, adding, “I end up saving about 99% of my income, just because my income is so high, and I keep my expenses so low.” Stephan, whose net worth crossed $1 millio