RTE Business

Germany's Continental plans to turn its ContiTech rubber and plastics division into an independent entity, it said today, setting the company up to be a pure-play tyre maker after the planned spin-off of its automotive segment.

A false X post from an anonymous user has been blamed for a dramatic swing on US markets yesterday, which one investment strategist described as the most memorable day of trade in decades.

Denmark's Arla Foods and Germany's DMK Group said today that they plan to merge with the aim of forming the strongest dairy cooperative in Europe.

Oil prices were up around 1% today, rebounding from a near four-year low in the previous session on concerns that US tariffs might depress demand and lead to a global recession, though analysts warned downside risks remain.

German sports car maker Porsche delivered 8% fewer vehicles globally in the first quarter, it said today, hit by declining demand in China and Europe.

The US is starting to resemble an emerging market more than a developed country, the head of pan-European stock exchange operator Euronext said today as financial markets remained volatile after the imposition of sweeping US tariffs.

Consumers are responding to Trump's tariffs by boycotting US products, but it's complex given how embedded US businesses are in global retail

Construction activity rose in March - the first increase in total activity in three months - amid stronger new order growth, the latest Purchasing Managers Index from AIB shows.

US President Donald Trump has directed a US national security panel to take a fresh look at Nippon Steel's bid for US Steel to help determine if "further action" is appropriate, raising hopes that the deal could gain an elusive green light.

Samsung Electronics has flagged a much smaller-than-feared 0.2% fall in first-quarter operating profit, boosted by solid memory chip sales and strong smartphone demand, partly driven by customers concerned about US tariffs.

The "Magnificent Seven" stocks sank last night, extending a market rout that has wiped off around $2 trillion from their combined value as investors worry about the financial fallout of US President Donald Trump's global tariff war.

US artificial intelligence (AI) startup Anthropic has today announced plans to create over 100 new roles across its Dublin and London offices to support its growing European customer base including Irish clients like Intercom.

Chinese electric vehicle giant BYD has launched its premium Denza brand in Europe, aiming to support its expansion in the region and compete with top-end German manufacturers such as BMW and Mercedes.

European stock markets moved higher this morning in opening trade after similar recoveries for Asian equities that followed huge losses triggered by US President Donald Trump's tariffs.

Keep up to date with all of the latest developments as the world economy continues to grapple with the US tariffs announced by US President Donald Trump last week.

Minister for Housing James Browne will bring a report to a meeting of the Cabinet this morning from the Land Development Agency on its latest assessment of the potential for housing development on public lands this year.

China has vowed to "fight to the end" against fresh tariffs of 50% threatened by US President Donald Trump, further aggravating a trade war that has already wiped trillions off global markets.

The threat of a trade war will influence how the housing market will perform this year, according to a new report by My Home in association with Bank of Ireland.

Tánaiste Simon Harris said he will be highlighting that "there are no winners when it comes to tariffs, there are no winners when it comes to a trade war," as he is due to travel to the US to hold meetings with officials in the Trump administration.