RTE Business

Microsoft CEO Satya Nadella has today defended his company's multi-billion-dollar investment in ChatGPT developer OpenAI after the EU and Britain launched probes into whether it resembles a merger.

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

Vodafone has agreed a 10-year partnership with Microsoft to bring generative AI, digital, enterprise and cloud services to more than 300 million businesses and consumers across its European and African markets.

Counterfeit products - mainly clothes - cost the European economy €16 billion a year and result in nearly 200,000 lost jobs, the EU's Intellectual Property Office has said.

Swedish lithium-ion battery producer Northvolt said it has raised $5 billion in the form of the largest green loan raised in Europe as it seeks to expand its battery factory in northern Sweden.

Hugo Boss has today reported a 18% rise in its preliminary full-year sales in constant currency, slightly above expectations, boosted by strong demand in Asia in the fourth quarter.

British online supermarket Ocado Retail said today it would return to positive earnings for the 2022/23 year after revenue growth accelerated in its fourth quarter as it won more customers.

China will put on a show of force today with a large delegation represented by Prime Minister Li Qiang at the annual meeting of global elites in Davos, despite shadows cast by wars raging in Ukraine and Gaza.

Swiss chocolate maker Lindt & Spruengli today said its 2023 sales grew by 10.3% organically and came in ahead of market expectations, boosted by higher product prices and strong sales of its pralines across markets.

Home builder Cairn Homes said it delivered its strongest ever financial and operational performance in 2023 in another year of strong growth for the business and said that momentum is very strong as it starts 2024.

Growth in British wages excluding bonuses slowed to 6.6% in the September-to-November period compared with the same time a year earlier, official data showed today.

There was a 6% increase in the number of jobs created by companies supported by the Local Enterprise Offices last year, the latest annual figures for the LEO network show.

Hacking, phishing, online scams, and other variations of cybercrime are thought to be the most prevalent financial crimes in Ireland according to a new survey.

Wind farms supplied a record 35% of all electricity used on the island of Ireland last year, according to the annual report of Wind Energy Ireland.

The CEO of a cutting-edge biotech firm who has been accused of treating its senior finance manager "like a waitress" says he only asked her about getting more wine at a company dinner because he thought she had a company credit card.

The Tánaiste has indicated that the Government may be prepared to consider extending the deadline for businesses who warehoused tax debts to the Revenue Commissioners during the Covid-19 pandemic, in order to help many struggling operators in the restaurant sector.

Budget furniture retailer IKEA is sticking to planned price cuts despite Red Sea shipping disruptions pushing up costs, it said today ahead of the World Economic Forum's annual meeting at Davos.

Boeing will add further quality inspections for the 737 MAX after an accident earlier this month where a fuselage panel was blown off an airplane, the head of its commercial airplanes division said today.

Exports of goods from Ireland fell by 3% or almost €600 million in November 2023 when compared to the same time the previous year.

It joins 'quiet quitting' as another pinch point between employers and employees over the future of the workplace