RTE Business

Danish shipping group AP Moller-Maersk said it expects strong demand for shipping goods around the globe to continue in the coming months, though does not expect to resume sailing through the Suez Canal until "well into 2025".

British supermarket Sainsbury's said it has sold its Argos Financial Services cards portfolio to NewDay Group for an expected £720m in line with its strategy to focus on its core retail business.

New research from financial app Revolut shows that home improvement projects are driving a consumer spending surge in Ireland.

Shell has today reported third quarter profits of $6 billion that exceeded forecast by 12% as weaker oil refining and trading results were offset by higher LNG sales.

BNP Paribas said today that increased trading activity at its investment banking division helped it meet profit forecasts in the third quarter, after its consumer finance and car-leasing businesses disappointed.

Anheuser-Busch InBev has today reported third-quarter profits, revenues and volumes all well behind forecasts, but looked to soften the blow with a $2 billion share buyback.

Revenues at Stellantis fell 27% in the third quarter, the car maker said today as it pushed ahead with steps to address bloated inventories and poor commercial performance which last month led it to cut 2024 forecasts.

The Bank of Japan has maintained ultra-low interest rates today and signalled the need to scrutinise global economic developments, highlighting its focus on risks to a fragile domestic recovery in deciding when to next tighten policy.

Denmark's biggest lender Danske Bank has today reported third-quarter earnings above market expectations and raised its guidance for the full year.

Facebook owner Meta Platforms has warned of "significant acceleration" in artificial intelligence-related infrastructure expenses next year, while beating analysts' estimates for third-quarter revenue and profit.

Microsoft has predicted increased spending on artificial intelligence this quarter but slower growth in its cloud business Azure, signaling that big AI investments were not enough to keep pace with capacity constraints at its data centres.

A new report has found that the majority, 60%, of industry stakeholders believe there is greater room to collaborate between insurtech startups and traditional insurance companies.

There is a viable case for developing a light rail system in Galway, according to a new feasibility study.

A Pennsylvania state judge has said he would not immediately move forward with a lawsuit that seeks to stop Elon Musk's $1 million voter giveaway ahead of the 5 November US presidential election.

A judge has ordered all parties, including Elon Musk, to attend a court hearing in Philadelphia in a lawsuit seeking to stop a political action committee controlled by the billionaire from awarding $1 million to registered US voters in battleground states ahead of the election.

International visitors are spending less time in Ireland, but more money.

The Government has published a list of nine national public authorities that will be responsible for policing the new EU Artificial Intelligence (AI) Act.

There are fears of possible job cuts at customer experience software developer Concentrix.

A major investigation into the sale of loans in Northern Ireland by the National Assets Management Agency (NAMA) has been referred to the Attorney General.

Revenues at the expanding Irish network of Screwfix stores topped the €100m mark last year for the first time on the back of five new store openings.