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Updated: 2 hours 11 min ago

UK drops console concern over Microsoft-Activision deal

Fri, 03/24/2023 - 14:43
The UK competition regulator said Microsoft's $69-billion purchase of "Call of Duty" maker Activision Blizzard would not harm competition in gaming consoles, removing a major obstacle to the deal.

Waterford Crystal firm returns to making a profit

Fri, 03/24/2023 - 14:38
The company behind the Waterford Crystal brand returned to profit in 2021 to record pre-tax profits of €788,000.

Firms benefit from quantum computer access via Equinix

Fri, 03/24/2023 - 14:21
Equinix and Oxford Quantum Circuits said today that one of the most powerful quantum computers will be made available commercially to businesses in Ireland via Equinix's TY11 Tokyo International Business Exchange data centre.

France bans TikTok on work phones of civil servants

Fri, 03/24/2023 - 12:40
France will ban the use of Chinese-owned video-sharing app TikTok on the work phones of civil servants, the country's government has said.

Crypto founder Do Kwon arrested in Montenegro

Fri, 03/24/2023 - 11:49
Montenegrin police have today formally charged Do Kwon, the cryptocurrency entrepreneur behind two digital currencies that lost an estimated $40 billion or more last year, for forging official documents after arresting him on Podgorica airport.

Danone sources whey from Asia as costs in Europe rise

Fri, 03/24/2023 - 11:31
France's Danone is getting more whey and aluminium from parts of Asia, a top executive told Reuters, a move which analysts said could cut costs but also antagonise European suppliers.

Changes to windfall tax plans after Whitegate concerns

Fri, 03/24/2023 - 11:25
The Government has made changes to its plans for a windfall tax on fossil fuel companies after concerns were expressed by the company that owns the Whitegate oil refinery in Co Cork.

Kerry opens Southern Europe Innovation Centre in Spain

Fri, 03/24/2023 - 10:11
Food technology and ingredients company Kerry Group has officially opened its Southern Europe Innovation Centre in Barcelona in Spain, as part of company's expansion of its presence in the region serving Spain, Portugal, Italy and France.

Deutsche Bank shares tumble, default insurance cost up

Fri, 03/24/2023 - 10:03
Deutsche Bank shares fell for a third day today, after a sharp jump in the cost of insuring against the risk of default late the day before fuelled concerns about the overall stability of Europe's banks.

Rapid wage growth to prolong high euro zone inflation

Fri, 03/24/2023 - 09:50
The European Central Bank must continue to raise interest rates and should speed up the reduction of its balance sheet as rapid wage growth is putting upward pressure on an already high inflation rate, Bundesbank President Joachim Nagel said today.

Euro zone services firms report buoyant March

Fri, 03/24/2023 - 09:23
Business activity across the euro zone unexpectedly accelerated this month as consumers splashed out on services, but weakening demand for manufactured goods deepened the downturn in the factory sector, a survey showed.

Credit Suisse, UBS facing probe over Russia sanctions

Fri, 03/24/2023 - 08:37
Credit Suisse and UBS are among the banks under scrutiny in a US Justice Department probe into whether financial professionals helped Russian oligarchs evade sanctions, according to people familiar with the matter.

TUI to raise €1.8 billion to repay state aid

Fri, 03/24/2023 - 08:23
TUI will launch a capital increase with the aim of repaying Covid-19 pandemic aid it received from the German government, the German tourism group said today.

Japan's inflation down from 41-year high

Fri, 03/24/2023 - 07:44
Japan's core consumer inflation slowed in February but an index stripping away energy costs hit a four-decade high, data showed today, suggesting cost-push pressures may persist longer than policymakers thought.

UK retail sales see surprise 1.2% rise in February

Fri, 03/24/2023 - 07:35
British retail sales unexpectedly rebounded by 1.2% in February from the month before, returning sales volumes to their pre-pandemic level, figures from the Office for National Statistics showed today.

JD Wetherspoon returns to H1 profit on strong demand

Fri, 03/24/2023 - 07:22
Pub group JD Wetherspoon said today returned to a half-year profit, as customers flocked at its pubs despite a cost of living crisis.

New York's famous Flatiron Building sells at auction

Fri, 03/24/2023 - 07:19
New York's iconic Flatiron Building - famous for its thin, triangular shape - has sold at auction for $190 million following a court order.

ECB pressures Austria's Raiffeisen bank to quit Russia

Fri, 03/24/2023 - 07:17
The European Central Bank is pressing Austria's Raiffeisen Bank International to unwind its highly profitable business in Russia, five people with knowledge of the matter told Reuters.

EU leaders to focus on risk of banking contagion

Fri, 03/24/2023 - 06:43
EU leaders meeting for the second day of a summit in Brussels will be briefed by the European Central Bank about the risks of contagion in the banking sector.

Switching declines leads to drop in mortgage approvals

Fri, 03/24/2023 - 05:00
A decline in switching activity following a busy period that saw many borrowers lock in fixed rates, contributed to a fall in new mortgage lending last month according to new data.