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Australia bans social media for everyone under 16

Thu, 11/28/2024 - 14:18
Australia has passed into law a social media ban for children aged under 16 after an emotive debate that gripped the nation, setting a benchmark for jurisdictions around the world with one of the toughest regulations targeting Big Tech.

O Brother Brewing expands range at ALDI

Thu, 11/28/2024 - 13:35
Wicklow company O Brother Brewing has expanded its line of beers brewed for ALDI, adding two new products to its range - a stout and an IPA.

Flynn O'Driscoll and Vincent & Beatty agree to merger

Thu, 11/28/2024 - 13:16
Irish corporate law firm Flynn O'Driscoll has announced its merger with Dublin commercial law firm Vincent & Beatty.

Wholesale electricity prices up 9.6% in October - CSO

Thu, 11/28/2024 - 12:17
New figures from the Central Statistics Office show there was an increase of 9.6% in the price of wholesale electricity in October.

Aldi opens second Tullamore store today

Thu, 11/28/2024 - 11:54
Aldi has opened its second store in Tullamore, Co Offaly, which is creating 30 permanent jobs in the county.

Monthly retail sales dip by 0.1% in October - CSO

Thu, 11/28/2024 - 11:33
New Central Statistics Office figures published today show that retail sales fell by 0.1% on a monthly basis in October to stand 0.9% higher than a year earlier.

Inflation increases to 0.5% in November - flash estimate

Thu, 11/28/2024 - 11:14
Consumer prices rose by 0.5% in the year to November compared to 0.1% in October - the highest level in three months - a flash estimate of the Harmonised Index of Consumer Prices (HICP) from the Central Statistics Office shows today.

EU closes probes into Amazon, Starbucks and Fiat rulings

Thu, 11/28/2024 - 10:53
The European Commission has today said it had closed state aid investigations into tax rulings granted by Luxembourg and the Netherlands to Amazon, Fiat and Starbucks.

Inflation inches up in German states in November

Thu, 11/28/2024 - 10:45
Inflation rose in a number of German states in November, preliminary data showed today, suggesting that the national inflation rate would also increase as forecast.

Tullow's shares slide as it cuts free cash flow forecasts

Thu, 11/28/2024 - 10:34
Shares of Tullow Oil fell as much as 10% in London trade today after the West Africa-focused oil company cut its full year free cash flow view to $150-$200m from its previous estimate of $200-$300m.

NTMA to issue €6-10 billion worth of bonds next year

Thu, 11/28/2024 - 10:13
The National Treasury Management Agency said today it plans to issue €6 billion to €10 billion of bonds over the course of 2025.

51% of nursing homes not making a profit - survey

Thu, 11/28/2024 - 09:40
More than half (51%) of Irish nursing homes did not report a profit last year, according to a survey by BDO Ireland, which was conducted for representative body Nursing Homes Ireland.

Why Bitcoin's price has surged since Donald Trump's win

Thu, 11/28/2024 - 09:33
Fans of the world's largest cryptocurrency hope its value will continue to soar as Trump prepares to return to the White House in 2025

Oil traders focus on weekend OPEC+ meeting

Thu, 11/28/2024 - 08:52
Slowing fuel demand growth in top consumers China and the US has weighed heavily on oil prices this year, although supply cuts from OPEC+, which groups the Organization of the Petroleum Exporting Countries with Russia and other allies, have limited the losses.

UK car output drops for eighth month in a row in October

Thu, 11/28/2024 - 08:05
British car production experienced its eighth consecutive month of decline in October, as factories continued efforts to retool for making the next generation of zero-emission vehicles, according to industry data released today.

LVMH chief Bernard Arnault to testify in France spy trial

Thu, 11/28/2024 - 07:43
LVMH Chairman and CEO Bernard Arnault is set to testify at a Paris court in the trial of France's former spy chief Bernard Squarcini, a case that has cast light on the lengths to which the world's biggest luxury group has allegedly gone to protect its image.

Cost cuts help Remy Cointreau limit H1 profit drop

Thu, 11/28/2024 - 07:32
Remy Cointreau said its first-half operating profit fell less than feared despite lower sales, thanks mostly to cost cuts, providing some relief to the embattled spirits maker facing tariffs in its key US and Chinese markets.

Direct Line rejects Aviva's £3.28 billion takeover bid

Thu, 11/28/2024 - 07:24
British insurer Direct Line Insurance has rejected a takeover offer of £3.28 billion from bigger rival Aviva, saying it "substantially undervalued" the company.

Struggling bootmaker Dr Martens swings to first-half loss

Thu, 11/28/2024 - 07:19
Struggling bootmaker Dr Martens today it had swung to a pretax loss in the first half, as elevated costs and weakness in wholesale revenue, especially in the US, weighed on its bottomline.

Microsoft faces wide-ranging US antitrust probe

Thu, 11/28/2024 - 07:14
The US Federal Trade Commission has opened a broad antitrust investigation into Microsoft, including of its software licensing and cloud computing businesses, a source familiar with the matter has said.

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