RTE Business

European low-cost airline Wizz Air has today cut its annual net income forecast for the second time in six months, as it grapples with rising costs related to the grounding of planes due to engine issues and economic uncertainties.

Shell has today reported a fourth-quarter profit of $3.66 billion, missing estimates, on lower refining margins and lower liquefied natural gas (LNG) trading, while saying it would buy back shares worth $3.5 billion.

Output Sports, an Irish sports technology company, has secured $4.8 million in funding.

Deutsche Bank has today posted a bigger than expected drop in fourth quarter and 2024 full-year profit as legal provisions and restructuring costs eroded revenue gains at its global investment banking division.

Tesla said it was on track to roll out new, cheaper electric vehicle models in the first half of 2025 and would start testing a paid autonomous car service in June, enthusing investors and overshadowing quarterly results that fell short of Wall Street expectations.

The US Federal Reserve held interest rates steady last night and Fed Chair Jerome Powell said there would be no rush to cut them again until inflation and jobs data made it appropriate.

Meta Platforms has beaten Wall Street expectations for fourth-quarter revenue but predicted sales in the current first quarter may not meet forecasts, sending mixed signals about how its bets on pricey artificial intelligence-powered tools are paying off.

Microsoft has forecast disappointing growth in its cloud computing business, sending its shares down 4.5% in after-hours trading as investors worry about big spending, elusive artificial intelligence revenue and competition from cheaper AI models from China.

The European Central Bank has cut interest rates and kept the door open to further policy easing as concerns over lacklustre economic growth supersede worries about persistent inflation.

The European Central Bank is expected to cut interest rates by 0.25% when its governing council meets today.

Less houses will be built - not more - over the next two to three years than in 2023, according to a report by construction consultancy Mitchell McDermott.

Mortgage drawdowns by first-time buyers hit the highest level since 2007 last year, new figures show.

Irish IT company Auxilion has announced a €10 million investment which will see it expand its team Ireland and the UK.

The Irish Data Protection Commission (DPC) has written to Chinese artificial intelligence (AI) company DeepSeek amid concerns over the processing of Irish people's data.

Aer Lingus is reopening its pilot training programme and is encouraging more female candidates to apply.

Aer Lingus is reopening its pilot training programme and is encouraging more female candidates to apply.

The Bank of Canada has today cut its key lending rate 25 basis points to 3%, noting that US tariff threats are creating uncertainty for the economy.

Ryanair group chief executive Michael O'Leary said today he did not expect Heathrow's third runway to be built any time soon, but he plans huge investment in other British airports with the deployment of 100 aircraft over eight years.

The European Commission has launched a broad initiative to boost EU competitiveness and productivity across multiple fronts amid growing concern about what the new Trump administration will mean for Europe's economy.

Truth Social parent Trump Media and Technology Group said today its board of directors has approved the launch of a financial services and FinTech brand Truth.Fi, sending shares of the firm up over 15% in premarket trading.