RTE Business

Tesla sales in some European markets fell sharply in April, in an acceleration of a trend seen since the beginning of the year for Elon Musk's EV brand, as Europeans buy more Chinese cars and some protest against his political views.

Commercial solar provider UrbanVolt has secured a €40m multi-currency debt facility from HSBC Innovation Banking UK and HSBC Asset Management.

The Irish Data Protection Commission has fined video-sharing app TikTok €530 million over the transfer of the personal data of European users to China.

Euro zone inflation held steady just above the ECB's 2% target in April but underlying price pressures picked up more than projected, likely making some ECB policymakers nervous, even if a trade war may justify more interest rate cuts.

As the US ends a tariff exemption for small parcels, some retailers have stopped selling to US customers while others are seeking temporary workarounds in the hope the tariff rate may be reduced.

A large majority of Irish consumers (70%) still prefer in-person shopping for essentials. Irish shoppers are embracing own brand or private labels and discount stores, while bricks-and-mortar retail remains resilient, according to the EY Future Consumer Index.

Premier Inn owner Whitbread has signalled strong demand for the upcoming summer season and said it was confident about its medium-term goals, supported by planned expansions in the UK and continued strong performance in Germany.

Denmark's biggest lender Danske Bank has reported forecast-beating first-quarter profits and said it expects the global trade war to have a moderate impact on its main Nordic markets, booting its shares.

Harrods has become the latest high-profile UK retailer to fall victim to a cyber attack amid a wave of hacking incidents.

The Government is in "full-blown" panic over housing, and it "took the biscuit" that the solution was to hire someone on almost €500,000 to essentially job share with the Minister for Housing, Sinn Féin leader Mary Lou McDonald has said.

Shell has today reported a 28% drop in first-quarter net profit to $5.58 billion, beating analyst expectations, and kept the pace of its share buyback programme steady amid falling oil prices and lower refining margins than last year.

LVMH group's wine and spirits business Moet Hennessy will shrink its workforce by more than 10%, about 1,200 employees, the Financial Times has reported, citing an internal video message from the division's CEO, Jean-Jacques Guiony.

Amazon.com last night reported first-quarter cloud revenue growth and forecast operating income below estimates, disappointing investors.

Bank of Ireland has kept its full year guidance unchanged after it said its group performance in the first quarter of 2025 was in line with expectations.

Ryanair said its passenger numbers for April rose by 6% as it operated over 103,000 flights during the month.

NatWest has today reported a forecast-beating 36% rise in first-quarter profit, thanks to healthier margins on deposits and higher loan balances, enabling the lender to upgrade a key return target despite rising economic uncertainty.

China has said it is evaluating a US offer for negotiations on tariffs but insisted Washington must be ready to scrap levies that have roiled global markets and supply chains before talks can begin.

The scarring effects of the pandemic has resulted in small and medium firms investing less in their businesses, according to the Economic and Social Research Institute.

Apple has reported first-quarter profit above expectations but warned that US tariffs could cost the company and were disrupting its supply chain.

The seemingly straightforward task of establishing and staffing a new office to speed up the building of homes has instead snowballed into a mighty political controversy, writes Mícheál Lehane.