RTE Business

German consumer sentiment is projected to fall to another record low in July, as the Ukraine war and interrupted supply chains push up energy and food prices even further, a survey showed today.

Finnish elevator maker Kone said today it will sell its business in Russia to local management for an undisclosed amount.

Moody's ratings agency has confirmed that Russia defaulted on foreign debt for the first time in a century after bond holders did not receive $100m in interest payments.

The war in Ukraine is making it hard for even unsanctioned Russians to sell exclusive residential property in Britain, adding to a shortage of supply that has helped drive up house prices in prime locations, real estate sources say.

Travel group TUI said today its flight schedule and plans for additional reserve planes at peak times remain unchanged despite staff shortages across the aviation industry.

London's Heathrow Airport will be forced to lower the landing fees it charges airlines over the next four years after Britain's aviation regulator responded to pressure from airlines over the cost of flying at the hub.

The Minister for Finance said about 5% of the State's shareholding in AIB Group has been successfully sold down.

The Three telecommunications and data company is to expand its customer contact centre in Limerick, taking on an additional 175 employees there over the next four years.

Mortgage switching volumes and values more than doubled in May compared to the same month last year, according to new figures from Banking and Payments Federation Ireland.

A new voucher scheme that will give remote workers free access to local digital hubs has commenced operation.

Telecommunications operator Cellnex has said it has identified more than 200 potential blackspots around Ireland where poor mobile phone coverage is still a problem.

The Government has announced it's to sell an additional 5% of its shareholding in AIB.

The operator of Dublin and Cork Airports, daa, made a loss of €103 million in 2021 and a cumulative loss of €387 million during Covid, according to its annual report, published today.

Digital service provider Avanade plans to create up to 200 jobs over the next 18 months.

Strikes and staff shortages are forcing airlines all over Europe to cancel thousands of flights and causing hours-long queues at major airports, dashing hopes of a sizzling first summer after Covid lockdowns.

The Doolin2Aran ferry company, which runs daily trips to the Aran Islands and scenic trips around the Cliffs of Moher from Doolin in north Co Clare, has said it is selling its ferry business to a rival company which also operates ferries from the Clare village.

Grocery price inflation continues to climb and hit 6.5% in the 12 weeks to June 12, the highest level in Ireland since February 2013, new figures show today.

Fraud offences almost doubled in the past year, according to the latest recorded crime figures released by the Central Statistics Office.

Emerald Airlines, which operates Aer Lingus Regional services, it to start two new routes to Cardiff and Southampton from its Belfast City Airport base from July 7.

The Group of Seven rich democracies will commit tomorrow to a new package of coordinated actions meant to raise pressure on Russia over its war in Ukraine, and will finalise plans for a price cap on Russian oil, a senior US official said today.