RTE Business

Oil prices have surged after Israel launched an attack on Iran's nuclear programme with financial markets anxious over retaliatory action.

A new survey from professional services firm Azets Ireland shows that Irish mid-market, owner-managed and family-owned businesses rate their economic prospects at 5.5 out of 10, down from 6.5 last November.

Facebook-owner Meta has invested in Scale AI in a deal that values the data-labeling startup at $29 billion and brings in its 28-year-old CEO, Alexandr Wang, to play a prominent role in the tech giant's artificial intelligence strategy.

Europe needs to develop smaller and cheaper vehicles in the style of Japan's so-called "kei cars", Stellantis Chairman John Elkann has said, as high prices, which he blamed on regulation in the region, weigh on consumer demand.

No major US trading partner manipulated its currency in 2024, the Treasury Department said in the first semi-annual currency report of President Donald Trump's new administration.

The International Monetary Fund said its next global growth forecast in July will take into account both positive and negative trade developments but declined to predict a tariff-driven GDP downgrade similar to that released by the World Bank this week.

Irish waste and recycling solutions company Turmec has secured a €6.2m contract in New Zealand.

Oil prices jumped more than $4 a barrel today, hitting their highest price in almost five months after Israel struck Iran, dramatically escalating tensions in the Middle East and raising worries about disrupted oil supplies.

The German economy is expected to grow by 0.3% this year following two consecutive years of contraction, the economic institute DIW Berlin said today, the fifth institute to raise its forecasts for 2025 and 2026.

Ryanair chief executive, Michael O'Leary has stated that the airline's home market in Dublin is being hampered "by failed regulation and political inaction".

As broadcaster Joe Duffy prepares to retire from Liveline on RTÉ Radio 1 on Friday 27 June, RTÉ has announced it is running an open internal and external 'expressions of interest' process for interested potential on-air presenters across RTÉ Radio 1 and News and Current Affairs.

Mattel has teamed up with OpenAI to develop toys and games with artificial intelligence, and expects to launch its first AI-powered product later this year, the Barbie-maker said today.

More than three out of every four staff at the National Asset Management Agency (NAMA) earned over €100,000 last year.

Fixed broadband subcriber lines increased to 1.7 million between January and March, up 2.7% on the same time last year.

China is ready to strengthen cooperation with the European Central Bank, including on reforming the international monetary system, Premier Li Qiang told ECB President Christine Lagarde at a meeting in Beijing today.

Amazon has asked Europe's second-highest court to scrap its designation as a platform subject to stricter requirements under landmark EU online content rules, arguing that it poses no systematic risks to its users.

The number of Americans filing new applications for unemployment benefits was unchanged at higher levels last week as labour market conditions continued to steadily ease.

New figures from the Central Statistics Office show that households saved 14% of their income in the first three months of this year.

Oil prices edged lower today, as traders assessed whether the previous day's jump to the highest prices in more than two months had adequately priced in risks for crude oil supply from mounting tensions in the Middle East.

Shares of planemaker Boeing fell nearly 8% in premarket US trading today after an Air India aircraft with 242 people crashed minutes after taking off from India's western city of Ahmedabad.