RTE Business

Denmark's Maersk and German rival Hapag-Lloyd said their container ships would continue to avoid the Red Sea route that gives access to the Suez Canal following a weekend attack on one of Maersk's vessels.

Ryanair has reported a 9% increase in passenger numbers for December with numbers rising to 12.54 million from 11.5 million the same time last year.

Energy supplier Yuno has announced another cut in electricity prices for new customers.

House price growth moderated last year but prices are likely to continue rising in 2024, according to the latest analysis by property advisors, DNG.

Pre-tax profits at the expanding timber processing group, Glennon Brothers increased by 26.5% to €48.24m in 2022.

Plans by property investment group Tetrarch to build 114 residential units for "assisted living" for people aged 65 and over, on land owned by the Society of Sacred Heart order of nuns beside Mount Anville girls schools in Goatstown are facing local opposition.

US car maker Tesla has lost its crown as the top maker of all-electric vehicles to Chinese firm BYD, according to sales figures released today.

Apple fell 3% today after Barclays downgraded the shares of the world's most valuable firm on concerns that demand for its devices from the iPhone to Mac will remain weak in 2024.

A garda campaign to alert young people to the dangers of becoming a money mule is to be rolled out in secondary schools and third level colleges in Kerry, where dozens of young people are coming before the courts.

22,789 new electric cars were sold in Ireland last year, up 45% on 2022.

China's Alibaba Group said today it had repurchased a total of 897.9 million of its shares for $9.5 billion during 2023.

Euronext is experiencing a technical issue causing incorrect index calculation on 212 different indexes that include components listed in Helsinki and Stockholm, the exchange operator said in a Tuesday statement.

Tesla topped Norway's car sales statistic for a third consecutive year in 2023, extending its lead over rivals despite an ongoing conflict between the US electric vehicle maker and the Nordic region's powerful labour unions.

India's Vodafone Idea is not in talks to tie up with billionaire Elon Musk's satellite internet company Starlink, the telecom operator said today, dashing hopes of a revival in the debt-ridden company that had sent its stock soaring.

Euro zone factories ended 2023 on the back foot, with activity contracting in December for an 18th straight month, according to a survey which gave scant signs of any imminent strong bounceback in an economy likely in recession.

Bitcoin stormed above $45,000 today for the first time since April 2022 as the world's biggest cryptocurrency started the New Year with a bang buoyed by optimism around possible approval of exchange-traded spot bitcoin funds.

Denmark's Maersk still plans to sail more than 30 container vessels through the Suez Canal and the Red Sea in the time ahead despite a weekend attack on one of its ships in the area, a company schedule released late on Monday showed.

Oil prices jumped 1.5% in the first session of the New Year, due to potential supply disruptions in the Middle East after a naval clash in the Red Sea, and hopes of strong holiday demand and an economic stimulus in China, the top crude importer.

The rate of growth in prices being sought for properties listed on the market slowed in 2023, despite a significant drop in supply, according to the website, Daft.ie.

There was a slight deterioration in business conditions in the manufacturing sector in December, the latest AIB Purchasing Managers Index showed.