RTE Business

Rents should be freely adjusted between tenancies in a significant change to existing restrictions, a major new report on Ireland by the Organisation for Economic Cooperation and Development (OECD) has recommended.

Kraft Heinz has today forecast annual profit below estimates and missed quarterly sales estimates, as the packaged food maker faces sluggish demand for its products such as Lunchables and packaged meat following price hikes.

Smurfit Westrock has reported net sales of $7.539 billion for the third quarter of 2024, up from $2.862 billion the previous year.

New figures from the Central Bank show that the average interest rate on new Irish mortgages in December fell to 3.8% - the lowest rate since April 2023 - and down from 3.97% in November.

Irish-based staff at Facebook parent company Meta have begun finding out if they will be impacted by job cuts announced last month.

A European Investment Bank survey reveals that companies in Ireland are optimistic about the business outlook after they moved to limit supply-chain risks and investments in the country returned to pre-pandemic levels.

There were angry scenes in the Dáil after Taoiseach Micheál Martin accused Sinn Féin leader Mary Lou McDonald of "telling lies" during sharp exchange on the housing crisis.

The European Commission has set out its work programme for 2025, with an emphasis on simplification and reducing the administrative burden of EU rules.

Artificial intelligence (AI) infrastructure company Crusoe has announced the opening of its European headquarters in Dublin which will lead to the creation of around 100 jobs over the next three years.

Three quarters of Irish CEOs expect economic growth to pick up in the coming year, according to the latest CEO Survey from PwC.

Flogas Energy, which is part of the Flogas Ireland Group of companies and DCC, has surpassed 250,000 electricity and natural gas customers across the island of Ireland.

Workplaces tend to thrive where there is a natural balance between human connection, empathy, emotional intelligence and professional goals

US Federal Reserve Chair Jerome Powell, in his first appearance before Congress since the inauguration, yesterday vouched for the strength of the economy President Donald Trump inherited.

Swiss lift and escalator maker Schindler has today forecast low single-digit revenue growth and improved margins for 2025, as the services market grows while new construction activity remains subdued.

New data from financial app Revolut shows that active use of its joint accounts more than doubled in 2024.

Japan's SoftBank Group is set to make a quarterly net profit of 234 billion yen ($1.54 billion) as shares in its telecommunications holdings edge up and the post-listing performance of Swiggy is seen boosting the value of its portfolio of unlisted technology startups.

Walt Disney is changing its diversity, equity and inclusion (DEI) programmes to focus more closely on business outcomes, according to a memo seen by Reuters.

Irish-founded tech firm Workhuman, which provides cloud-based HR services, has opened its new Dublin Innovation Hub at WeWork One Central Plaza, on Dame Street in the city centre.

Tánaiste and Minister for Foreign Affairs Simon Harris will join an emergency meeting of EU trade ministers via video conference later to respond to US President Donald Trump's imposition of tariffs on European steel and aluminium imports.

Germany's Commerzbank is preparing staff cuts and revamped financial targets in its efforts to fend off tie-up advances by Italy's UniCredit, multiple people with direct knowledge of the plans told Reuters.