RTE Business

Euro zone inflation is "well on track" to hit the European Central Bank's 2% target next year, ECB President Christine Lagarde said today, repeating the bank's most recent guidance.

The Irish National Organisation of the Unemployed (INOU) said it is very concerned at the doubling of the penalty rate for people on a jobseeker's payment.

The "legendary" Bewley's café on Dublin's Grafton Street has had its annual rent cut in half following a ruling at the Circuit Court.

The Oireachtas budgeted for a final bill of up to €885,000 for hosting an international conference early this month, more than three times their original cost estimate.

The Russian central bank has hiked its key interest rate by 200 basis points (bps) to 21%, the highest level since February 2003.

British online fashion retailer Boohoo said it was willing to discuss board representation with its biggest shareholder Frasers but there needed to be "appropriate governance" to protect its commercial position.

Shares of Michael Kors owner Capri slumped nearly 46% in premarket trading today after a US judge blocked its pending $8.5 billion merger with handbag maker Tapestry.

G20 finance ministers meeting in Washington have reaffirmed their desire to cooperate on taxing the super-rich, before a summit next month where taxes are expected to be a top priority.

Oil prices nudged higher today and are on track for a weekly gain of more than 1%, as tensions in the world's top oil-producing region, the Middle East, and a restart in Gaza ceasefire talks in the coming days kept traders on edge.

German business morale improved more than expected in October, a survey showed today, offering hope for some respite towards the end of the year in the economy's grinding battle with industrial woes and weak global demand.

The European Union and China have agreed to hold further technical negotiations soon on possible alternatives to tariffs on China-built electric vehicles, although significant gaps remain, the European Commission said today.

Signify, the world's biggest maker of lights, has today reported third-quarter core profit slightly below market expectations, hit with continued weakness in the Chinese market and its professional business in Europe.

Electrolux, the world's second-biggest appliances maker, has reported lower than expected third-quarter adjusted operating profit, sending its shares down 10%

Tesla shares closed up nearly 22% on Wall Street last night - their biggest single-day gain in over a decade - as CEO Elon Musk's bold forecast of surging sales reassured investors he was still looking to grow its core business of selling electric cars.

NatWest has today reported a 26% rise in third-quarter profit and raised its outlook for 2024, as it expanded lending while maintaining margins in the face of falling central bank interest rates and a murky economic outlook.

German premium automaker Mercedes-Benz said today its third-quarter earnings in the core car division plunged by 64%, massively missing analysts' estimates, as Chinese consumers continued to cut back on luxury goods in a weakening economy.

Remy Cointreau has today cut its full-year guidance, delaying its recovery from persistent double-digit sales declines, pushing out further a turnaround in the key US market and flagging deepening problems in Europe and Asia.

US fast-food chains were pulling fresh onions out of their menu items after the vegetable was named as the likely source of an E coli outbreak at McDonald's restaurants that has sickened 49 people and killed one.

Yara International, one of the world's largest fertiliser producers, reported third-quarter core earnings above market expectations today, citing record production and its focus on core operations to boost profitability.

Norwegian Air has lowered the upper end of its 2024 profit forecast range after reporting third-quarter core earnings below market expectations, and said its 2025 capacity growth would slow because of delays in Boeing aircraft delivery.