RTE Business

PennEngineering is creating 70 new jobs over the next five years at its operations at Mervue in Galway city.

Quiet hiring may be a new buzzword, but training and developing existing employees to do other tasks is very much an old idea

Global sports betting and gaming group Entain said today that Gavin Isaacs, former chief of US-based lottery games and betting firm Scientific Games Corp, has been appointed as its new CEO, effective September 2.

Some of Europe's biggest banks report their second-quarter earnings this week, with all eyes on whether the gains from higher interest rates have run out of steam and if recent political drama is weighing on sentiment.

Security experts said CrowdStrike's routine update of its widely used cybersecurity software, which caused clients' computer systems to crash globally on Friday, apparently did not undergo adequate quality checks before it was deployed.

Vodafone said today it has sold a further 10% stake in Vantage Towers for €1.3 billion.

China's central bank has today cut two benchmark interest rates in a bid to boost lending and kickstart growth in the world's second-largest economy.

Ryanair has today reported a 46% fall in after-tax profit for its April-June quarter from the previous year, missing analyst estimates, and warned that fares for its key summer months would be "materially lower" than last year.

Property prices are firmly on the ascent once again. Having slowed last year on the back of a rapid succession of interest rate increases, the pace of price growth is showing signs of renewed momentum.

Every long-running TV soap opera needs a cliffhanger final episode to keep the viewers hooked. And the RTÉ funding drama is no different, with what is expected to be its own eye-catching ending set to air in the coming days, writes Political Reporter Fiachra Ó Cionnaith.

The issue of inheritance tax and more specifically the size of it has come into sharp focus in recent weeks, as politicians and those who elect them, begin to turn their focus towards October's budget, writes Business Editor Will Goodbody.

Security experts said CrowdStrike's routine update of its widely used cybersecurity software, which caused clients' computer systems to crash globally, apparently did not undergo adequate quality checks before it was deployed.

State-owned communications regulator, ComReg last year recorded a bumper surplus of €181.13m on the back of the sale of 5G licences.

EU tariffs on electric vehicles built in China breach global trading rules and must be corrected, an industry body representing 12 Chinese automakers told the European Commission in a hearing this week.

PTSB is to sell a portfolio of non-performing mortgages worth €348m to a consortium made up of credit servicing firm Mars Capital and funds managed or advised by US based asset manager, Apollo Global Management.

The head of Belfast-based shipbuilder Harland & Wolff stepped aside today as the firm said it was in urgent talks with its main lender to meet near-term financing needs while strategic options for its future are explored.

Paris shops, restaurants, bars and clubs are facing an "unprecedented slump in business and footfall", trade groups said today, blaming in part the "heavy security measures" imposed ahead of the Olympic Games starting July 26.

Several US mid-sized and regional banks reported a fall in their second-quarter profit, as income from charging customers interest was squeezed by higher deposit costs and tepid demand for loans.

The Ireland Strategic Investment Fund (ISIF), part of the National Treasury Management Agency (NTMA) has announced the completion of four investment commitments totalling €229m aimed at accelerating the delivery of new homes in Ireland.

Irish owned Thérapie Clinic is set to create 1,000 new jobs across Ireland and the UK with the opening of 65 new clinics over the next three years.