RTE Business

British lender Metro Bank has today announced plans to lay off 20% of its headcount as part of its cost-cutting drive to save up to £50m a year.

ChatGPT is one year old today. The powerful artificial intelligence (AI) tool that has taken the internet by storm was launched on 30 November 2022.

Billionaire businessman Elon Musk apologised for endorsing a social media post widely seen as anti-Semitic.

The United Nations Executive Secretary in charge of climate change has said every country and every company will be held to account for its actions to limit global warming to 1.5C at the UN COP28 climate Summit which starts today in Dubai.

The resurgence of construction here meant professional roles in that sector recorded the biggest increase in demand this year, new data shows.

New official data has shown for the first time that existing tenants are paying considerably less rent than those taking out new tenancies.

Construction will begin this week on Ireland's first dedicated Bio-CNG refuelling station.

The Minster for Public Expenditure, Paschal Donohoe, has welcomed the fall in inflation, saying "it shows the hard work is working and we need to continue with it - because if we don't get inflation down we are going to be poorer for longer".

Revenues at the operator of clothing and homeware retailer, TK Maxx this year surged by 20% or €40.48m to €240.3m as the business recovered from the business impact of Covid-19.

More than half of workers in Ireland with a third level education spend all or most of their time working on a digital device.

The makers of the Glenisk organic yogurt brand last year sustained a €9.59m revenue hit due to the impact of a fire that destroyed the firm's main production plant in 2021.

Pre-tax profits at the company that operates the Poolbeg incinerator in Dublin last year surged by 80% to €57.4m as the firm benefited from soaring energy prices in 2022.

A postman who had an assault conviction reduced to a probation order on appeal has now secured €5,000 in compensation for being sacked by An Post, which found he had brought the service "into disrepute".

US economic growth was stronger than estimated for the July to September period this year, government data showed today, due to higher investment and government spending than originally expected.

Ingka Group, the owner of most IKEA stores, said today it was confident further price cuts would help drive sales volumes in the year to come, after reporting largely flat operating profit for the last financial year.

Irish founded voice artificial intelligence company SoapBox Labs has been bought by US education technology business Curriculum Associates (CA).

577,400 visitors from overseas visited Ireland in October, down slightly on September, according to the Central Statistics Office.

European travellers will get refunds for cancelled flights within 14 days, according to fresh proposals from the European Commission.

Irish-founded payments platform Stripe processed more than $18.6 billion in payment transactions between Black Friday and Cyber Monday.

Rajeev Suri is set to be appointed Chairman of Caribbean-based mobile phone business Digicel Group, succeeding Denis O'Brien.