RTE Business

The European Central Bank cannot commit to a pre-set number of interest rate cuts even after it starts reducing borrowing costs as that will depend on incoming data, ECB President Christine Lagarde said today.

UCD Michael Smurfit Graduate Business School has appointed telecommunications entrepreneur David McCourt as an Adjunct Full Professor to support its national and global leadership ambitions in Artificial Intelligence.

UK based Ardonagh Group has today announced a deal to buy independent Italian insurance broker company Mediass for an undisclosed sum.

The FAI has announced that Sky will become the new sponsor of the Republic of Ireland men's team, while the already existing deal with the women's side is to be extended.

Britain's aviation regulator said it could further reduce the fees charged by Heathrow Airport, the country's largest hub, next year and in 2026, as it started a six week consultation on the matter.

Titanium and zircon miner Kenmare Resources has reported EBITDA of $220.3m for 2023 - the second strongest in its history - but its profit after tax fell by 36% to $131m.

Mike Ashley, the founder and majority shareholder of sportswear and fashion group Frasers, has entered into a consultancy agreement with Hornby, the models and collectibles group said today.

Airline e-commerce platform Datalex is expected to report a narrowing of losses for 2023 and higher revenues as the company benefitted from the "turnaround year" for the global aviation industry.

Kering's Frankfurt-listed shares fell 11% in early trading today after the French luxury goods group warned its first-quarter sales are likely to drop by around 10%.

Housing is viewed as the top challenge for US firms operating here, a survey of members of the American Chambers of Commerce in Ireland has found.

EU competition chief Margrethe Vestager has warned Apple and Meta Platforms on their new fees for their services, saying that this may hinder users from enjoying the benefits of the Digital Markets Act which aims to give them more choices.

British consumer prices rose by a slightly weaker-than-expected 3.4% in annual terms in February, slowing from a 4% increase in January, the Office for National Statistics said today.

Finland remains the world's happiest country for a seventh straight year in the annual UN-sponsored World Happiness Report published today. Ireland finds itself in 17th place, down from 14th a year ago.

Minister for Finance Michael McGrath will update Cabinet this morning on new EU fiscal rules which will require every member state to publish their net expenditure plans for the following four to five years.

Employers group Ibec is seeking the introduction by the Government of a "competitiveness charter" to put a limit on annual increases in labour market costs facing the experience economy.

Over two thirds of international banks and financial services companies operating here have increased staffing in the areas of technology and innovation in the past two years.

Google Ireland has opened a new hub at its Dublin base where engineers and researchers will work on technology to help people with disabilities.

Up to 168 staff at Citigroup's Irish operations are at risk of losing their jobs.

The Cork based company that operates Trabolgan Holiday Village enjoyed record revenues of €10.03m in 2022 arising from the firm's decision to accommodate refugees from Ukraine.

Changes announced in the Budget that will see further increases in the cost of petrol and diesel will go ahead as planned, according to the Minister for Public Expenditure, Paschal Donohoe.