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Updated: 28 min 11 sec ago

UK shoppers boost their spending despite inflation

Fri, 05/26/2023 - 07:33
British retail sales rose by more than expected last month and volumes over the three months to April grew by the most since mid-2021.

Gap posts surprise first quarter profit

Fri, 05/26/2023 - 07:30
Gap last night reported a surprise profit in the first quarter, and its shares jumped 16% in extended trading as the apparel retailer cited restructuring efforts and easing supply chain costs.

Lufthansa clinches deal for 41% stake in ITA Airways

Fri, 05/26/2023 - 07:19
Lufthansa will take a 41% stake in ITA Airways by way of a €325m capital increase that will flow directly to the Italian carrier, the German group has said.

New jobs planned as H&MV opens Limerick base

Fri, 05/26/2023 - 07:00
An engineering firm which provides services to the energy market is opening new global headquarters in Limerick and will be creating 700 jobs in its Irish and international operations over the next five years.

Musk's Neuralink says cleared for brain implant tests

Fri, 05/26/2023 - 06:32
Elon Musk's start-up Neuralink has said it has gotten approval from US regulators to test its brain implants in people.

Finance, tech and media have highest gender pay gaps

Fri, 05/26/2023 - 05:00
Financial Services, Technology and the Media and Telecommunications sectors command the highest gender pay gaps in Ireland, according to an analysis by Deloitte.

US debt ceiling deal takes shape, little time to spare

Thu, 05/25/2023 - 16:58
US President Joe Biden and top Republican lawmaker Kevin McCarthy today were edging close to an agreement on the US debt ceiling, according to a person familiar with the talks, with the two sides just $70 billion apart on a deal that would involve trillions of dollars.

Microsoft chief says deep fakes are biggest AI concern

Thu, 05/25/2023 - 16:55
Microsoft President Brad Smith has said his biggest concern around artificial intelligence was deep fakes, realistic looking but false content.

Bills, Bills, Bills: The business of Beyoncé's tour

Thu, 05/25/2023 - 16:11
Beyoncé's tour has skipped Ireland while the acts that do come here often charge more for tickets; Adam Maguire looks at the reasons why gigs often cost more here than in other countries.

Winklevoss twins crypto firm Gemini to grow Irish base

Thu, 05/25/2023 - 16:10
US cryptocurrency platform, Gemini, plans to build its presence in Ireland as it uses the country to grow its services across Europe, its founders Cameron and Tyler Winklevoss have indicated.

Tommy Tiernan shares pay package of €1.18m

Thu, 05/25/2023 - 15:29
Pay for one of Ireland's best known entertainers, TV host, comedian and podcaster, Tommy Tiernan last year surged as he shared directors' pay of €1.18m at his main entertainment firm.

Solar power to overtake oil production investment - IEA

Thu, 05/25/2023 - 15:19
Investment in clean energy will extend its lead over spending on fossil fuels in 2023, the International Energy Agency said today, with solar projects expected to outpace outlays on oil production for the first time.

Nvidia set to become first trillion-dollar chip firm

Thu, 05/25/2023 - 15:01
Nvidia soared about 25% today to near a market value of $1 trillion after its stellar forecast showed that Wall Street has yet to price in the game-changing potential of AI spending.

Louis Fitzgerald group records profits of €16.94m

Thu, 05/25/2023 - 14:47
The main firm behind the Louis Fitzgerald hospitality group last year returned to profit to record pre-tax profits of €16.94m.

Cork City Council community wardens's industrial action

Thu, 05/25/2023 - 14:33
Cork City Council community wardens will commence a campaign of industrial action tomorrow.

Indian firms in talks to buy Tullow's Kenya block stake

Thu, 05/25/2023 - 14:29
Indian state-run oil exploration companies are in talks with Tullow Oil to buy a stake in the company's block in Kenya, Oil India Chairman Ranjit Rath said today.

New €4.2m cybersecurity project launched for SMEs

Thu, 05/25/2023 - 14:25
A new €4.2m National Cybersecurity Coordination and Development Centre (NCC-IE) project has been launched whic

Over €615m worth of prize bonds sold last year

Thu, 05/25/2023 - 13:25
Over €615 million worth of prize bonds were sold last year, according to new figures from the Prize Bond Company, which administers prize bonds on behalf of the National Treasury Management Agency (NTMA) for retail investment customers.

Starling Bank CEO and founder Anne Boden to step down

Thu, 05/25/2023 - 12:55
Starling Bank's chief executive and founder Anne Boden is stepping down from her role next month, the company said today, signalling a new chapter for one of Britain's fastest-growing challenger lenders.

Apex Group to open new Limerick office

Thu, 05/25/2023 - 12:22
Global financial services provider Apex Group is to expand its presence in Ireland, with the opening of a new Limerick office and creation of new jobs.