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Updated: 2 hours 51 min ago

Shares of China Evergrande's EV unit soar after sale deal

Mon, 05/27/2024 - 08:39
Shares of China Evergrande New Energy Vehicle Group more than doubled today as trade resumed after the company said liquidators had agreed on behalf of key shareholders to sell a stake in the electric vehicle (EV) maker.

NBI on track to pass 300,000 premises by the end of 2024

Mon, 05/27/2024 - 08:24
National Broadband Ireland, which is designing, building and operating the new high-speed fibre broadband network for rural Ireland, said that over 243,000 premises are now ready to connect to its national network.

Bank of Japan to proceed cautiously on inflation target

Mon, 05/27/2024 - 08:08
The Bank of Japan will proceed cautiously with inflation-targeting frameworks, Governor Kazuo Ueda said today, noting that some challenges are "uniquely difficult" for Japan after years of ultra-easy monetary policy.

Saudi Arabia plans Aramco share sale as soon as June

Mon, 05/27/2024 - 07:41
Saudi Arabia is planning a multi-billion-dollar share sale in energy giant Aramco as soon as June in what would be one of the region's biggest stock deals, two people familiar with the matter said.

ECB's Lane says ready to start cutting rates - FT

Mon, 05/27/2024 - 07:23
The European Central Bank is ready to cut interest rates next month but policy must continue to be restrictive this year as wage growth will not normalise until 2026, ECB chief economist Philip Lane told the Financial Times today.

Elon Musk's xAI raises $6 billion in fresh funding

Mon, 05/27/2024 - 07:19
Elon Musk's artificial intelligence startup xAI has raised $6 billion in a Series B funding round backed by investors including Andreessen Horowitz and Sequoia Capital among others, the company said in a blog post.

Spectrum.Life secures €17m in fresh funds to fuel growth

Mon, 05/27/2024 - 06:00
Digital health and wellbeing provider, Spectrum.Life, has secured €17m in fresh funding.

Cost-of-living measures central to Budget 2025 - Harris

Mon, 05/27/2024 - 05:00
Taoiseach Simon Harris will signal today that cost-of-living measures need to be an intrinsic part of Budget 2025.

Cross-border traders outperforming others

Mon, 05/27/2024 - 05:00
Businesses that trade across the border are performing better than those that don't, new data shows.

UK maintenance firm Ground Control to create 150 jobs

Mon, 05/27/2024 - 05:00
150 new jobs are to be created by UK-based external maintenance and biodiversity business Ground Control.

Lack of funding the main barrier to innovation by firms

Mon, 05/27/2024 - 05:00
60% of Irish based businesses say a lack of funding is the main barrier they face when it comes to increasing their innovation levels, new research has found.

Delegates to gather for National Economic Dialogue

Mon, 05/27/2024 - 01:00
Leaders from Government, business, trade unions, campaign groups and charities will gather in Dublin Castle today for the National Economic Dialogue.

Media regulator publishes new online safety rules

Mon, 05/27/2024 - 00:01
The media regulator, Coimisiún na Meán, has published an updated draft Online Safety Code which will be submitted to the European Commission today for assessment.

Value of VC funding secured by Irish firms plummets 48%

Sun, 05/26/2024 - 14:00
The amount of funding secured from venture capital firms by small and medium sized Irish business during the first three months of this year fell by nearly half, new figures show.

Mortgaged until 80 - is there likely to be much demand?

Sun, 05/26/2024 - 05:00
Two mortgage providers recently extended their mortgage offering to people who demonstrate that they can continue repayments until the age of 80. Is it a gimmick or a sign of things to come as borrowers get older, properties more expensive and lives increasingly complex?

Employers be aware - job interviews are a two-way process

Sat, 05/25/2024 - 05:00
Employees still hold all the cards in an Irish labour market which remains in rude health.

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