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Updated: 2 hours 54 min ago

New global tax rules will not hinder foreign investment

Fri, 02/23/2024 - 15:37
New global tax rules will not hinder foreign investment in Ireland, according to the President of the Irish Tax Institute.

AerCap CEO sees engine issues persisting until 2030

Fri, 02/23/2024 - 15:29
The world's largest aircraft lessor AerCap does not see the supply of engine parts catching up with demand by 2030, its chief executive said today, a situation that will prolong aircraft manufacturers' struggles amid labour and parts shortages.

Emerald Airlines posts start-up related losses of €21.3m

Fri, 02/23/2024 - 14:55
Dublin headquartered start-up airline Emerald Airlines recorded pre-tax losses of €21.35m in its first year in operation, new accounts show.

Are Irish petrol prices ever going to come down again?

Fri, 02/23/2024 - 14:35
We pay a global price for fuel so geopolitical events mean we are not seeing any major drop in fuel prices at the pumps

Folens cuts energy, water costs by 50% after going green

Fri, 02/23/2024 - 14:28
Irish educational content provider Folens said it has reduced its energy and water costs by 50% after leveraging new technology and education measures to go green.

Warner Bros Discovery posts bigger than expected loss

Fri, 02/23/2024 - 14:18
Warner Bros Discovery has today reported a bigger-than-expected quarterly loss, as the media conglomerate battled the fallout of the twin Hollywood strikes on content generation and a weak advertising market.

PTSB to increase rates on some deposit accounts

Fri, 02/23/2024 - 13:46
PTSB is set to increase the rate it pays to personal customers on its six-month fixed term deposit account

Q4 wage data encouraging but not enough - ECB's Lagarde

Fri, 02/23/2024 - 12:01
Relatively benign fourth quarter wage growth data are encouraging but not yet enough to give the European Central Bank confidence that inflation has been defeated, ECB president Christine Lagarde said today.

Ryanair sees jump in Central, Eastern European passengers

Fri, 02/23/2024 - 11:42
Ryanair expects Central and Eastern Europe to account for 20% of the 300 million passengers it plans to fly annually by 2034, up from about 13% currently, the airline's chief commercial officer said today.

Nvidia vaults to world's 4th-biggest firm by market cap

Fri, 02/23/2024 - 11:33
Chipmaker Nvidia has become the world's fourth largest company by market capitalisation, after a 16.4% surge yesterday when a quarterly earnings report surpassed analysts' expectations.

German, Dutch central banks post big losses, warn of more

Fri, 02/23/2024 - 10:42
The German and Dutch central banks today posted multi-billion euro losses for 2023 and predicted more financial pain ahead, suggesting that they are unlikely to pay dividends into state coffers for years to come.

BASF plans more cuts even as group profit set to rebound

Fri, 02/23/2024 - 10:36
Germany's BASF will cut another €1 billion in annual costs at its Ludwigshafen headquarters, citing weak demand and high energy costs in its home market, highlighting the country's economic troubles.

Allianz's $63bn property portfolio becomes less German

Fri, 02/23/2024 - 10:24
Allianz's €58.4 billion real estate portfolio is shrinking, becoming less devoted to offices and less German, underscoring troubles in the commercial property sector and the insurer's home market.

Galway's Platform94 opens new €5.2m extension

Fri, 02/23/2024 - 10:06
Galway city innovation hub Platform94 will officially open its €5.2m expansion this morning.

German business sentiment brightens in February - Ifo

Fri, 02/23/2024 - 10:01
German business morale improved in February, a survey showed today, though probably not enough to prevent Europe's biggest economy from slipping into another recession.

Euro zone inflation expectations edge up for 2024 - ECB

Fri, 02/23/2024 - 09:42
Inflation expectations among euro zone consumers rose for the year ahead and held steady for three years out, a new survey by the European Central Bank showed today, adding to evidence that the final stage of taming price growth may be difficult.

Digital media upstart Vice to cut 'several hundred' jobs

Fri, 02/23/2024 - 08:45
Vice, the dynamic, fast-growing digital media company that gained a wide following with young readers, said it will no longer publish on its flagship website and is eliminating hundreds of jobs.

Minister did 'not dismiss' Ní Raghallaigh - McEntee

Fri, 02/23/2024 - 08:37
A look at the latest developments following the resignation of Siún Ní Raghallaigh as chairperson of the RTÉ Board.

StanChart's profits up as CEO bemoans 'crap' share price

Fri, 02/23/2024 - 08:18
Standard Chartered chief executive Bill Winters today acknowledged the bank's underwhelming share price and vowed to fix it as the lender announced increased dividends, a fresh $1 billion buyback and an 18% increase in annual profit.

Ní Raghallaigh tenure dominated by RTÉ controversies

Fri, 02/23/2024 - 08:16
Lasting just over 14 months, Siún Ní Raghallaigh's term as Chair of the RTÉ Board ended abruptly overnight, with an emailed statement of resignation after the Minister for Media Catherine Martin refused to express confidence in her.

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