RTE Business

Australia's tax office foiled several attempts by multinational firms to subvert new tax avoidance laws months after confidential drafts were leaked by a then-PricewaterhouseCoopers (PwC) Australia partner, a spokesperson told a parliamentary hearing today.

Oil prices fell by nearly 2% today as concerns about the US debt ceiling pact cooled the market's risk-on sentiment and mixed messages from major producers clouded the supply outlook ahead of their meeting this weekend.

Cuisine de France owner Aryzta has reported a 23% increase in third quarter revenues despite continued inflation pressures.

The euro zone's top banks may take a hit if their financial clients, such as funds, insurers and clearing houses, withdrew their deposits or otherwise ran into trouble, the European Central Bank has warned.

Bank lending to euro zone companies and households slowed again in April, continuing the steady decline since last autumn as the economy stagnated and rapid rate hikes dented demand for credit.

West Cork food producer Glenilen Farm has become the first Irish-owned company to introduce yoghurt pouches to the market.

Taxback has called on Revenue to address the "bizarre" anomalies in the flat-rate expense allowances so that all workers get their fair dues.

Polish games developer CD Projekt is not for sale, its CEO has reiterated, following weekend rumours that the maker of "Cyberpunk 2077" could be targeted by Sony.

Convenience food group Greencore has reported higher revenues for the six months to the end of March, but also reported a loss before tax for the six month period.

British supermarket group Asda said today it would acquire petrol station operator EG Group's UK and Ireland business to create a company with combined revenues of nearly £30 billion.

At least 30 new jobs are to be created in Dublin by US bank, BNY Mellon, which is investing €8m.

Business users of Revolut are to get local Irish based International Bank Account Numbers (IBANs), in a move that should make it easier for them to make payments via direct debit.

The Department of Integration says it has recently paid €30m per week to businesses facing financial difficulty while providing accommodation to people from Ukraine.

Engineering and construction related jobs are some of the hardest positions for employers to fill, according to a new report from hiring platform Indeed.

The Communications Workers' Union said it has concluded an agreement with An Post that will deliver further pay increases for staff.

The operator of Dublin airport is to lodge plans in the coming days for an expansion of its existing US Customs Pre-Clearance and Border Protection facility (CBP) to cater for increasing numbers of US-bound passengers.

Staff at the State-owned communications regulator ComReg last year shared bonus payments of €1.067m, according to the 2022 annual report for the Commission for Communications Regulation (ComReg).

Nvidia said today it was building Israel's most powerful artificial intelligence (AI) supercomputer to meet soaring customer demand for AI applications.

The US is rapidly approaching the deadline for Congress to pass a deal to suspend the government's $31.4 trillion debt ceiling or risk a catastrophic default.

A Chinese food chain in Cork is to create up to 200 new jobs through the opening of 15 new stores.