RTE Business

The new Penneys store in Bray in Co Wicklow was officially opened today after an investment worth over €4m by the retailer.

Airline e-commerce platform Datalex said it intends to launch a €25m equity fundraising in the early Autumn.

Digital engineering company GlobalLogic, a Hitachi Group company, is expanding its presence on the island of Ireland as it opens a new office in Newry, Co Down.

The Suez Canal's annual revenue dropped by almost a quarter in its latest financial year as some shippers switched to alternative routes to avoid attacks by Iran-aligned Houthis in the Red Sea.

International Distribution Services (IDS), the owner of Britain's Royal Mail, has today reported an 8.2% rise in revenue for the first quarter of fiscal 2025, supported by strong parcel demand and more postal votes during the UK elections.

French automaker Renault said today that its first-half sales volume rose 1.9% compared to the same period a year earlierdue to strong performance of its hybrids in Europe, its key region.

New car sales in the European Union rose 4.3% in June to their highest since July 2019, driven by an uptick in major markets Italy, Germany, and Spain, while registrations of battery electric cars fell marginally, data from Europe's auto industry body showed today.

Frasers, the British sportswear and apparel retailer that owns the Sports Direct brand, reported a 13.1% rise in annual profit and forecast more growth in its new financial year as it benefits from a plan to shift the group upmarket.

Italy's antitrust agency has launched an investigation into online search giant Google and its parent company Alphabet over alleged unfair commercial practices, the regulator said today.

TSMC has today posted a 36% jump in second-quarter net profit that beat market expectations as the Taiwanese chipmaker rides a wave of demand for semiconductors used in artificial intelligence applications.

Finnish telecom equipment maker Nokia said today its operating profit fell 32% in the second quarter, as demand for 5G telecom equipment remained weak.

British wages excluding bonuses - a key gauge of inflation pressure for the Bank of England as it considers when to cut interest rates - grew by 5.7% in the three months to the end of May compared with a year earlier, official data showed.

Diversity, equity and inclusion (DE&I) quotas should not be mandatory according to almost three out of every five directors.

The Governing Council of the European Central Bank (ECB) is expected to leave interest rates unchanged when it meets later today.

Irish-based communications agency 360 has officially become FINN Partners Ireland following its acquisition in 2021.

Members of the Irish Airline Pilots Association will begin voting today on whether to accept or reject Labour Court proposals aimed at resolving a long-running pay dispute with Aer Lingus.

Ireland exported €53 million worth of dual-use products to Israel between October and June, the Department of Enterprise has confirmed.

The general manager of an international company based in Ireland has told the High Court that he suffered an acute mental breakdown due to an unmanageable workload and work stress.

A new campaign backed by British retail consultant and television personality Mary Portas has launched an online petition calling on the new Labour government to block fast fashion retailer Shein from listing its shares in London.

Top US Federal Reserve officials today touted interest rate cuts as getting "closer" after taking note of inflation's improved trajectory and a labor market now in better balance, remarks that appear to set the stage for a first reduction at the central bank's meeting in September.