RTE Business

Shares of International Business Machines fell nearly 7% in early US trade today after the company said some of its federal contracts were suspended, while an uncertain economy poses a further threat to its consulting business.

The Workplace Relations Commission carried out 5,156 inspections in 2024 with €2.15m recovered in unpaid wages.

Oil prices recovered some losses today as investors weighed a potential OPEC+ output increase against conflicting tariff signals from the White House and US-Iran nuclear talks.

Tariffs pose a "significant" risk to growth in the euro zone's largest economy Germany, ECB policymaker Joachim Nagel said in Washington today.

American Airlines withdrew its 2025 financial forecast today, mirroring its peers, as concerns over discretionary budget amid tariff pressures and government spending uncertainties hinder carriers' ability to predict travel demand.

Businessman Denis O'Brien has received €5.8 million from the State Claims Agency for his legal costs in relation to the Moriarty Tribunal dating back as far as 2001, it has been confirmed.

Financial technology companies have been caught in the whirlwind of US President Donald Trump's sweeping tariffs, as investors in the likes of digital payment apps, fear worsening consumer finances.

The latest figures on home building from the Central Statistics Office show there was a 2% increase in the number of completions in the first three months of this year in comparison to the same time last year.

New figures from the Central Statistics Office show that wholesale electricity prices dropped by 6.4% in March when compared with February, but are 52% higher than March of last year.

At the US Social Security Administration, lawyers, statisticians and other high-ranking agency officials are being sent from the Baltimore headquarters to regional offices to replace veteran claims processors who have been fired or taken buyouts from the Trump administration.

An Bord Pleanála has granted planning approval to Gyproc, Ireland's only domestic manufacturer of plaster and plasterboard products, for a quarry in Co Monaghan.

The Online Safety Commissioner has warned about the rise of AI-generated child sex abuse images.

Protecting children online and tackling disinformation are among the priorities outlined in new plans published by Coimisiún na Meán.

Tesla's new car sales in Europe dropped 28.2% in March from a year earlier, even as overall battery electric vehicle sales rose 23.6% in the month, according to data from the European Automobile Manufacturers Association (ACEA).

German business morale unexpectedly rose in April, a survey showed today, though expectations were slightly gloomier as companies remain uncertain about how the tariff escalation with the US will play out.

Shares of Kering dropped 5.42% in opening trade today after the company reported first-quarter sales below analysts' expectations.

Norway's $1.7 trillion sovereign wealth fund, the world's largest, has today reported a quarterly loss of 415 billion Norwegian crowns ($39.72 billion), largely driven by negative returns in the tech sector.

France's BNP Paribas has today reported first-quarter earnings in line with expectations thanks to rising sales at its investment bank, and stuck with its profit forecasts despite a deteriorating economic outlook prompted by a global trade war.

Aldi and Sunglow Nurseries have announced the extension of their partnership with a new five year contract worth almost €14m to the Rush, Co Dublin-based business.

It's not being projected right now, but the chances of a global recession have risen sharply from 17% to 30%