RTE Business

Britain should create a new body to promote a positive "vision" for banking and cut taxes on the industry after failing to support the sector adequately ahead of Brexit, banking trade body UK Finance's chair has said.

The US Federal Reserve opened the door to an interest rate cut last night, vowing to act to keep the economy growing as uncertainties about trade and other issues mount.

The Economic and Social Research Institute says the economy is now growing so strongly that the Government should increase taxes to avoid overheating, notably through increasing taxes on carbon and property.

Adidas has failed in an attempt to broaden trademark protection for its three-stripes symbol in the European Union as rivals seek to muscle into the market for striped shoes and clothing.

Tesco, Britain's biggest retailer, said it is considering a trial of an upmarket convenience store under the 'Tesco finest' banner but has not disclosed when or where a pilot will be launched.

An all-electric commuter plane and a small Airbus-backed hybrid are among aircraft programmes being touted at the Paris Airshow.

Brexit risks are not priced in by bond markets and Britain's exit from the European Union could turn more bitter than expected, the deputy director of the National Treasury Management agency warned today.

The pound edged higher for a second day in a row today, breaking a six-week losing streak, as investors trimmed some large short bets against the British currency built up in recent weeks.

Vhi has announced an average price increase of 6% across all its plans, which will kick in from 1 August.

The Minister for Finance has reiterated the Government's pledge to cut income tax over the next five years. Paschal Donohoe said if the economy continues to grow and the resources are available, it is possible to reduce the standard rate cut off point every year.

Irish companies' revenue from space-related activity should double over the next six years, according to the country's first ever National Space Strategy for Enterprise.

The number of staycations increased by 13.4% last year as the record beating summer weather encouraged people to stay and holiday in Ireland.

The UK's inflation rate cooled in May and cost pressures in factories fell to a three-year low, according to data that might reassure the Bank of England that there is no urgency to raise interest rates.

The drone company that hopes to begin fast-food deliveries later this year has announced a partnership that will give customers access to more than 1,000 restaurants across Ireland.

Both the European Central Bank and the US Federal Reserve are in the spotlight as the two major global regulators are expected to embark on a change of course in the coming months.

Airbus, reeling from the potential loss of a major customer for its best-selling A320neo after Aer Lingus owner IAG placed a lifeline order for Boeing's grounded 737 MAX, prepared to hit back today with more orders for its new A321XLR.

Airbus chief executive Guillaume Faury said today there was a growing risk Britain would leave the European Union without a withdrawal deal in a way that could damage the aerospace firm's performance next year.

British luxury bag maker Mulberry swung to an annual loss as it took a £3m hit from the collapse of department stores group House of Fraser, adding to general weakness in its home market.

Agri-services group Origin Enterprises has reported higher revenues after what it called "a satisfactory performance" in its seasonally important third quarter

Commerzbank said today that it has now bought forward its expectations for an interest rate cut from the European Central Bank to July from the fourth quarter of this year.