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IKEA cuts prices 15-25% across Europe with 1.2 billion euro investment

Illustration accompanying article: IKEA cuts prices 15-25% across Europe with 1.2 billion euro investment
  • IKEA franchisees and Inter IKEA Group are cutting prices 15% to 25% on more than 1,500 products across Europe, effective immediately.
  • Ingka Group, other IKEA franchisees and brand owner Inter IKEA Group are investing 1.2 billion euros ($1.39 billion) to lower prices.
  • Germany will see more than 1,500 products reduced by an average of 20%; Italy will see hundreds of products cut by an average of 22%; the UK will see price reductions on hundreds of home furnishing products and accessories.
  • Ingka Group will invest an additional 70 million euros to offset inflationary and currency pressures in Asia and North America.
  • Ingka Group CEO Juvencio Maeztu said the investment is not a short-term campaign but a commitment to affordability that accepts lower margins.
 2026-09-01 · 3 MIN READ

Army picks five companies for nuclear microreactor work at bases

Illustration accompanying article: Army picks five companies for nuclear microreactor work at bases
  • The U.S. Army has selected five companies to build and operate nuclear microreactors at military bases from New York to Texas, awarding them up to $2.2 billion over five years.
  • The five companies stand to own, construct and operate the reactors, with funding tied to performance milestones set by the Army.
  • The Army expects more than 20 nuclear microreactors will be built and operated under the program.
  • The Army said the installations are designed to deliver power independent of the commercial electric grid.
  • The plan is part of the Trump administration's broader push to expand nuclear energy, including billions in loans for large reactors serving data centers and a pilot program for advanced designs.
 2026-08-26 · 3 MIN READ
Illustration accompanying article: Port of Long Beach signs agreement to explore on-site nuclear power