Business News

Pope Francis has appointed former European Central Bank chief Mario Draghi as a member of the Pontifical Academy of Social Sciences, the Vatican has said.
Posted: July 13, 2020, 8:58 am
Bulgaria and Croatia have been accepted into ERM-2 mechanism, a mandatory stage for joining the euro and beginning the currency bloc's first expansion in half a decade, the European Central Bank has said.
Posted: July 13, 2020, 8:49 am
Troubled office-sharing start-up WeWork is set to have a positive cash flow by next year, its executive chairman told the Financial Times, hailing a turn-around for the high-profile company.
Posted: July 13, 2020, 8:36 am
UK fashion retailer Quiz said today it had suspended its ties with a supplier accused in a weekend newspaper report of not meeting minimum wage requirements at a factory in the city of Leicester.
Posted: July 13, 2020, 8:14 am
Heathrow's passenger numbers were down 95% year-on-year in June, with just 350,000 people travelling through the airport.
Posted: July 13, 2020, 8:03 am
BT chief executive Philip Jansen has urged the British government not to move too fast to ban China's Huawei from the 5G network, cautioning that there could be outages and even security issues if it did.
Posted: July 13, 2020, 7:42 am
US semiconductor maker Analog Devices is in advanced talks to acquire Maxim Integrated Products, an industry peer that has a market capitalisation of $17.1 billion, people familiar with the matter said.
Posted: July 13, 2020, 7:32 am
Activity in the construction sector returned to expansion for the first time in four months in June, according to Ulster Bank.
Posted: July 13, 2020, 7:06 am
The group representing Irish accountancy bodies has called on the government to spread the taxation burden for recipients of the government's pandemic wage subsidy schemes over a four year period.
Posted: July 13, 2020, 6:23 am
They survived the online revolution, but will Ireland's travel agents survive the Covid-19 pandemic?
Posted: July 13, 2020, 6:00 am
The Cabinet will meet today at Dublin Castle to discuss issues including the Government's July stimulus package and Brexit.
Posted: July 13, 2020, 3:14 am
Central Bank Governor Gabriel Makhlouf has said he is sceptical about tax reductions as part of the July stimulus package to help businesses, adding that the package must be focused on protecting the productive capacity of the economy.
Posted: July 12, 2020, 2:16 pm
A European ruling this week on Apple's tax affairs in Ireland will be keenly watched, with potentially far reaching consequences for all the parties involved, writes Business Editor Will Goodbody.
Posted: July 12, 2020, 7:00 am
Tánaiste and Minister for Enterprise, Trade and Employment Leo Varadkar has said he does not fully trust the banks not to try to make a profit during the Covid-19 crisis.
Posted: July 11, 2020, 2:36 pm
AIB is to provide redress and compensation to more than 1,000 tracker mortgage customers, after it emerged they had been charged the wrong rate of interest, in some cases for more than a decade.
Posted: July 11, 2020, 9:58 am
The companies that help Facebook to earn billions of dollars a year are in open revolt against the social media giant. Whatever way the row goes, it is likely to have significant repercussions for the firm's Irish operations, writes Adam Maguire.
Posted: July 11, 2020, 12:06 am
Cabin crew at Ryanair have voted to accept a 10% pay cut which will gradually be restored over a 4-year period.
Posted: July 10, 2020, 5:03 pm
A Government-appointed taskforce set up to consider ways to help the aviation sector recover has warned that the economy will not survive on the basis of a blanket policy of "essential travel" only.
Posted: July 10, 2020, 4:09 pm
Planning permission has been granted for a €400m mixed-use development, which backers say will transform the long-disused North Quay area of Waterford city.
Posted: July 10, 2020, 9:58 am
The Chairperson of Meat Industry Ireland has said that the situation with regard to Covid-19 in the sector has significantly improved.
Posted: July 10, 2020, 2:07 am


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