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Updated: 2 hours 55 min ago

Wholesale electricity prices rise over 12% in September

Thu, 10/31/2024 - 11:14
New figures from the Central Statistics Office show that wholesale electricity prices increased by 12.2% in September compared to August, and were 1% higher compared to September of last year.

TotalEnergies Q3 income hits three-year low

Thu, 10/31/2024 - 10:25
French oil major TotalEnergies has reported third-quarter adjusted net income at a three-year low of $4.1 billion, slightly missing expectations as refining margins and upstream outages dragged down earnings.

Euro zone inflation rises more than expected in October

Thu, 10/31/2024 - 10:04
Euro zone inflation accelerated more than expected in October and could still pick up further in the coming months, bolstering the case for caution in European Central Bank interest rate cuts as price growth is not yet fully tamed.

Maersk rules out Suez Canal return until 'well into 2025'

Thu, 10/31/2024 - 09:42
Danish shipping group AP Moller-Maersk said it expects strong demand for shipping goods around the globe to continue in the coming months, though does not expect to resume sailing through the Suez Canal until "well into 2025".

Sainsbury's sells Argos Financial Services cards business

Thu, 10/31/2024 - 08:49
British supermarket Sainsbury's said it has sold its Argos Financial Services cards portfolio to NewDay Group for an expected £720m in line with its strategy to focus on its core retail business.

Home improvement projects drive spending surge - Revolut

Thu, 10/31/2024 - 08:35
New research from financial app Revolut shows that home improvement projects are driving a consumer spending surge in Ireland.

Shell's $6 billion quarterly profit beats forecasts

Thu, 10/31/2024 - 08:15
Shell has today reported third quarter profits of $6 billion that exceeded forecast by 12% as weaker oil refining and trading results were offset by higher LNG sales.

BNP Paribas meets profit forecast due to investment bank

Thu, 10/31/2024 - 07:55
BNP Paribas said today that increased trading activity at its investment banking division helped it meet profit forecasts in the third quarter, after its consumer finance and car-leasing businesses disappointed.

Brewer AB InBev softens Q3 miss with share buyback

Thu, 10/31/2024 - 07:54
Anheuser-Busch InBev has today reported third-quarter profits, revenues and volumes all well behind forecasts, but looked to soften the blow with a $2 billion share buyback.

Stellantis third quarter revenues slow down by 27%

Thu, 10/31/2024 - 07:40
Revenues at Stellantis fell 27% in the third quarter, the car maker said today as it pushed ahead with steps to address bloated inventories and poor commercial performance which last month led it to cut 2024 forecasts.

Bank of Japan keeps rates steady, flags global risks

Thu, 10/31/2024 - 07:34
The Bank of Japan has maintained ultra-low interest rates today and signalled the need to scrutinise global economic developments, highlighting its focus on risks to a fragile domestic recovery in deciding when to next tighten policy.

Danske Bank raises profit outlook as Q3 tops forecast

Thu, 10/31/2024 - 07:27
Denmark's biggest lender Danske Bank has today reported third-quarter earnings above market expectations and raised its guidance for the full year.

Meta projects sharp acceleration in AI costs

Thu, 10/31/2024 - 07:22
Facebook owner Meta Platforms has warned of "significant acceleration" in artificial intelligence-related infrastructure expenses next year, while beating analysts' estimates for third-quarter revenue and profit.

Microsoft forecasts slower cloud business growth in Q2

Thu, 10/31/2024 - 07:16
Microsoft has predicted increased spending on artificial intelligence this quarter but slower growth in its cloud business Azure, signaling that big AI investments were not enough to keep pace with capacity constraints at its data centres.

Greater room for startup collaboration in insurance

Thu, 10/31/2024 - 07:10
A new report has found that the majority, 60%, of industry stakeholders believe there is greater room to collaborate between insurtech startups and traditional insurance companies.

Study makes case for 'Gluas' light rail system in Galway

Thu, 10/31/2024 - 07:03
There is a viable case for developing a light rail system in Galway, according to a new feasibility study.

Judge declines to block Musk's $1m voter giveaway

Thu, 10/31/2024 - 06:10
A Pennsylvania state judge has said he would not immediately move forward with a lawsuit that seeks to stop Elon Musk's $1 million voter giveaway ahead of the 5 November US presidential election.

Musk ordered to court over $1m giveaway in US election

Thu, 10/31/2024 - 06:10
A judge has ordered all parties, including Elon Musk, to attend a court hearing in Philadelphia in a lawsuit seeking to stop a political action committee controlled by the billionaire from awarding $1 million to registered US voters in battleground states ahead of the election.

Tourists spending less time in Ireland, but more money

Thu, 10/31/2024 - 05:00
International visitors are spending less time in Ireland, but more money.

Government designates bodies to police EU AI Act

Thu, 10/31/2024 - 00:00
The Government has published a list of nine national public authorities that will be responsible for policing the new EU Artificial Intelligence (AI) Act.

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