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Growth expected to continue at moderate pace - AIB

Thu, 10/24/2024 - 05:00
More moderate growth is expected in the coming years as the economy and labour market reach full capacity, according to AIB's Economic Outlook.

Chef tells WRC he worked 222 hours in a fortnight

Wed, 10/23/2024 - 17:13
A chef has told the Workplace Relations Commission (WRC) that he worked over 220 hours in a fortnight to get a Limerick City restaurant up and running but later backed his colleagues when they decided to shut it down after their employer missed payroll for the second month in a row.

Firms partner for first Irish commercial rocket launch

Wed, 10/23/2024 - 17:06
Cork-based Suas Aerospace has announced a partnership with Netherlands-based T-Minus Engineering for Ireland's first commercial rocket launch next year.

Bank of Canada cuts rates, hails 'good news' on inflation

Wed, 10/23/2024 - 15:05
The Bank of Canada has today reduced its key benchmark rate by 50 basis points to 3.75%, its first bigger-than-usual move in more than four years, and hailed signs the country had returned to an era of low inflation.

Pre-tax profits at Cork-based Henry Ford & Son double

Wed, 10/23/2024 - 14:28
Pre-tax profits at the Irish arm of car-maker Ford last year more than doubled to €3.6m.

Once a month back in office 'reasonable' deal for worker

Wed, 10/23/2024 - 14:17
A tribunal has called it "reasonable" for a company to ask a Kerry-based worker who had been on a fully remote contract to travel to an office in Dublin once a month - after his employer pulled back from requesting him back on site at least twice a week.

DPC asked for extra €4m in funding in Budget

Wed, 10/23/2024 - 13:06
The Data Protection Commission (DPC) asked for an extra €4m in funding to hire new staff and manage potential fallout from AI (artificial intelligence) being trained using people's personal information.

Boeing CEO presses turnaround as strike vote looms

Wed, 10/23/2024 - 12:57
Boeing chief executive Kelly Ortberg has laid out a turnaround plan, including a push for a "fundamental culture change," as the struggling planemaker grapples with a crippling strike, mounting debt and heightened cash burn.

16% increase in number of refugees from Ukraine here

Wed, 10/23/2024 - 11:30
The number of refugees from Ukraine living in Ireland is up 16% on the same period last year, according to the Central Statistics Office.

CCPC launches investigation into Dublin Port Company

Wed, 10/23/2024 - 10:43
The Competition and Consumer Protection Commission said it has opened an investigation into suspected breaches of competition law by Dublin Port Company.

Respond delivered 666 new social homes last year - report

Wed, 10/23/2024 - 10:00
There were 666 new social and cost rental homes delivered by the country's largest approved housing body last year, according to its annual report.

Donohoe and Chambers in Washington for IMF meetings

Wed, 10/23/2024 - 09:46
The President of the Eurogroup and Minister for Public Expenditure, National Development Plan Delivery and Reform Paschal Donohoe and Finance Minister Jack Chambers are in Washington today for the annual neetings of the International Monetary Fund and the World Bank Group.

Tokyo Metro on market fast track with 45% jump in debut

Wed, 10/23/2024 - 08:54
Tokyo Metro's shares shot up 45% in their market debut today after Japan's largest initial public offering in six years bagged it $2.3 billion with the lure of sizeable dividends.

Roche's third quarter sales beat market expectations

Wed, 10/23/2024 - 08:46
Drugs and diagnostic company Roche said its third-quarter sales gained a currency-adjusted 9%, beating market expectations, on higher prescriptions of once-monthly haemophilia shot Hemlibra and recently launched eye drug Vabysmo.

L'Oreal Q3 sales disappoint as China beauty spend falls

Wed, 10/23/2024 - 08:27
French cosmetics giant L'Oreal has reported a rise in third quarter sales that missed expectations after low consumer confidence in China sapped demand for beauty products.

ECB starting to debate if rates have to go below neutral

Wed, 10/23/2024 - 08:17
European Central Bank policymakers have begun to debate whether interest rates need to be lowered enough to start stimulating the economy, ending years of economic restriction, conversations this week with half a dozen sources indicate.

LLoyds' third quarter profits beat forecasts

Wed, 10/23/2024 - 08:08
Lloyds Banking Group has today reported third quarter profits that exceeded expectations, and reaffirmed its performance guidance for 2024, citing increasing financial confidence among its customers.

Heineken quarterly revenue slightly ahead of forecasts

Wed, 10/23/2024 - 07:58
Dutch brewer Heineken's third-quarter sales figures has beaten forecasts, buoyed by higher priced and non-alcoholic beers, but full-year guidance was left unchanged.

Tupperware cancels auction, agrees to lender takeover

Wed, 10/23/2024 - 07:45
Bankrupt Tupperware Brands has agreed to sell its business to a group of lenders for $23.5m in cash and over $63m in debt relief, canceling its plans for an open-market auction of its assets.

Decline in job vacancies as remote working falls too

Wed, 10/23/2024 - 07:35
There has been a fall in job vacancies according to two separate reports out today.

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