RTE Business

The rich and famous are paying top dollar for a place at this week's Davos summit but heiress Marlene Engelhorn is on the other side of the fence at the glitzy Swiss resort, demanding that they pay more in taxes.

A Ukraine reconstruction bank being set up by Kyiv with help from BlackRock and JPMorgan Chase has at least $500m in committed capital and could be ready to launch in five to six months with close to $1 billion, a senior Ukrainian official said today.

888 Holdings has today forecast that its 2024 profit to be at the lower end of market expectations, as the bookmaker's heavy investments in Artificial Intelligence (AI) and other automation programmes offset its cost-saving measures.

China's economy grew 5.2% in 2023, slightly more than the official target, but the recovery was far shakier than many analysts and investors expected, with a deepening property crisis, mounting deflationary risks and tepid demand casting a pall over the outlook for this year.

Renault has today posted an increase in its annual global sales volumes, returning to growth after four consecutive years of decline attributable to its strategic repositioning, its exit from the Russian market and supply chain snags.

Britain's annual rate of consumer price inflation rose for the first time in 10 months in December, increasing to 4% from a more-than-two-year low 3.9% in November, official figures unexpectedly showed today.

Global sports retailer Decathlon will open its third store in Ireland in the restored Clerys Quarter on O'Connell Street in Dublin city centre.

The outlook for lower prices is promising due to current stability in gas markets. but prices will stay above the long-term average

An EU directive to ban the use of misleading environmental claims on products will be voted on by the European Parliament later today.

British oil major BP has today named its interim chief Murray Auchincloss as permanent CEO, replacing Bernard Looney.

Disruptions to shipping traffic through the Red Sea caused by attacks by Yemen's Houthi rebels could impact prices in Europe in the coming weeks, according to analysts who have spoken to Prime Time.

Bord Gáis Energy is to reduce what it charges residential customers for electricity and gas.

Members of the accountancy bodies Chartered Accountants Ireland and CPA Ireland are to vote on a proposal to amalgamate the two organisations.

The Government has launched a plan to boost growth in the digital creative industries.

The High Court has appointed joint provisional liquidators to a building company currently doing works at Dublin Airport, two prisons and on a project where over 100 new apartments are being built in South Dublin.

The Live Nation operator of the 3Arena in Dublin recorded pre-tax profits of €15.82m in 2022 on the back of sell out shows by Robbie Williams, Billie Eilish and Dua Lipa.

SIPTU members employed by Kerry Agribusiness will begin strike action tomorrow.

Government representatives are meeting with members of the European Parliament this week to promote Ireland's bid to become the location of the European Union's first Anti-Money Laundering Authority.

Ryanair will deploy more engineers to oversee quality control at US factories building Boeing aircraft for the airline.

Oil giant Shell has paused transit through the key Red Sea shipping route indefinitely, over fears of escalating tensions involving Yemen's Huthi rebels, according to a media report today.