RTE Business

New figures on farming incomes show that all farm systems recorded their lowest average incomes in several years in 2023, with dairy farm incomes down 69% and tillage farm incomes down 71% on 2022.

Increasing all the main weekly personal rates of social welfare in October's budget by €1 would cost the exchequer an additional €71m a year.

Indexing the entire personal tax system to ensure workers' rising wages are not eroded by an additional tax burden could cost the exchequer over €1 billion a year.

IAG's Spanish low-cost airline Vueling is benefiting from off-peak season travel, helping it to break its own record last year of having airplanes full at 91% of their capacity as remote working changes travel habits.

Shannon Airport said a total of 974,012 passengers used the Co Clare airport in the first six months of this year, an increase of 8% on the same time last year.

AIB has appointed Orlaith Ryan as its new Chief Customer Officer.

Electricity consumption by data centres increased by 20% between 2022 and last year, according to new figures from the Central Statistics Office.

Spotify has today reported quarterly results broadly in line with analyst expectations, but failed to meet its own target for user growth.

Wall Street's three benchmarks ended higher last night as investors returned to megacap growth stocks, helping both the S&P 500 and Nasdaq Composite recover from their worst weekly performance since April.

FRS, the social enterprise co-operative with operations and multiple business units located all across Ireland, is to rebrand as FRS Co-Op.

Google is dropping its plans to remove third-party advertising cookies from its Chrome web browser, around five years after launching a scheme looking for ways to carry out the process.

Electric flying taxi journeys could be as cheap as minicab rides, an aircraft manufacturer has claimed.

India will spend $24 billion in job-spurring efforts over the next five years and boost rural spending, Finance Minister Nirmala Sitharaman said today in the 2024/25 budget, unveiled after last month's election setback for the government.

Porsche has cut its sales and profitability outlook due to an unexpected aluminium alloy supply shortage, sending shares in the German sports car maker 5% lower.

New data and macroeconomic projections will help the European Central Bank to better reassess its monetary policy stance in September, said ECB vice president Luis de Guindos in an interview with Europa Press.

Europe's largest software maker SAP has reported a 25% jump in its cloud business and beat analysts' estimates for total revenue for the second quarter.

Norwegian state-owned utility Statkraft, Europe biggest renewable energy producer, has today posted a net loss for the second quarter due to impairments of assets in Albania, Turkey, Germany and India.

British catering group Compass has today raised its 2024 profit and revenue forecasts for the second time this year, helped by more new businesses and despite easing prices.

Israeli cybersecurity startup Wiz has ended talks with Google-parent Alphabet on a reported $23 billion deal in which it would have become the US tech giant's largest-ever acquisition, according to a Wiz memo seen by Reuters.

The billionaire founder of South Korean tech giant Kakao Corp, Kim Beom-su was arrested on accusations of manipulating stocks during the acquisition of a K-Pop agency last year.