RTE Business

The world's biggest air show looked set today for a muted finale after the owner of budget carrier AirAsia, often a source of last-minute dealmaking drama, played down the prospect of expected plane deals with Airbus or Embraer.

AO World's chief executive said today he expects the British electronics retailer to maintain its growth momentum this year after strong sales from returning and new customers boosted fiscal 2025 profit to record levels.

The Dublin Port Company has paid almost €1.7m in a vacant site levy for an empty piece of land in its portfolio.

Consumers are being warned to be on high alert for a seasonal rise in scams linked to last-minute travel and holiday deals.

The European Central Bank will keep a flexible approach to monetary policy decisions against a backdrop where the conflict between Israel and Iran compounds risks from Washington's trade policy, a top policymaker said today.

Pre-tax profits at the Irish arm of food services firm Sodexo, which counts the Central Bank as one of its clients here, last year increased by 44% to €4.94m.

Enterprise Ireland-backed food and drinks companies invested €166m in research and development last year, according to the semi-State body.

The Russian economy could cool down excessively due to high interest rates and may face difficulties returning to a growth path, Alexander Vedyakhin, First Deputy CEO of Russia's largest lender, Sberbank, said in an interview with Reuters.

Sweden's central bank cut its key interest rate to 2% from 2.25% as expected today, saying mild inflationary pressures gave it room to boost weak economic growth.

Dublin-based Avolon, the world's second-biggest aircraft leasing company, has agreed to lease ten Airbus A321neos to AJet, the low-cost carrier subsidiary of Turkish Airlines.

British online supermarket and technology firm Ocado has expanded its partnership with Spanish supermarket group Bon Preu with plans to build a robotic warehouse near Barcelona, it said today.

Irish managed IT services company IT.ie has announced that it has acquired Abacus Systems, a Dublin-based managed IT service provider, in a seven-figure deal.

US President Donald Trump will extend a June 19 deadline for China-based ByteDance to divest the US assets of short video app TikTok for 90 days despite a law that mandated a sale or shutdown absent significant progress, the White House has said.

Japan's exports fell in May for the first time in eight months as big automakers like Toyota were hit by sweeping US tariffs, and the failure of the Asian nation to clinch a trade deal this week will likely pile pressure on its fragile economy.

Airfares from Europe to the United States have dropped to rates not seen since before the Covid-19 pandemic, as travellers from Western Europe lead a pullback in travel to the US that is expected to continue until at least next month.

Toy seller Hasbro has cut 3% of its global workforce in its latest cost-cutting effort amid higher US tariffs on toys from China.

Airbus has raised the upper range of its dividend payout target ahead of a business update and confirmed its guidance for 2025 as it looked to reassure investors about its future prospects.

Rollout of generative AI and agents will reduce Amazon's total corporate workforce in the next few years, Andy Jassy, CEO of the online retailer has said in a note to employees.

If your job is driving you crazy or making you sick, leaving is better than staying even if the alternatives are not entirely clear

British inflation slowed as expected in May, pulled down by air fares which leapt in April and the correction of a tax data error, although food prices shot up at the fastest rate in more than a year.