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High Court approves €170m debt write off for developer

Mon, 11/28/2022 - 16:19
A former Cork dentist turned property developer has had a record €170 million in debt written off in a personal insolvency agreement.

Airbus faces growing end-year jet delivery crunch

Mon, 11/28/2022 - 16:13
Airbus is facing an increasingly tight end-year scramble to reach 2022 delivery goals, industry sources and preliminary data suggested today, but analysts said investors would ignore a narrow miss as attention turns to 2023.

Crypto lender BlockFi files for bankruptcy protection

Mon, 11/28/2022 - 15:35
US cryptocurrency lender BlockFi has said it has filed for Chapter 11 bankruptcy protection along with eight affiliates in a New Jersey court, the latest casualty since FTX's collapse earlier this month triggered instability in the crypto market.

RTÉ and unions agree 6% pay increase over two years

Mon, 11/28/2022 - 15:30
RTÉ and the RTÉ Trade Union Group (TUG) have reached agreement on a proposed 6% pay increase over two years.

Apple shares slip as China factory unrest to hit phones

Mon, 11/28/2022 - 14:54
Shares of Apple fell about 2% today as growing unrest at a key Chinese plant fanned worries of a bigger hit to the already constrained production of higher-end iPhone 14 models.

ECB's Lagarde says we haven't reached inflation peak

Mon, 11/28/2022 - 14:25
Euro zone inflation has not peaked and the risk is that it will turn out even higher than currently expected, European Central Bank President Christine Lagarde said today.

Meta fined €265m by Irish watchdog for data breach

Mon, 11/28/2022 - 11:58
Facebook parent company Meta has been fined €265 million by the Irish Data Protection Commission (DPC) following a data breach which saw the personal details of hundreds of millions of Facebook users published online.

Aryzta's first quarter revenues rise by almost 20%

Mon, 11/28/2022 - 11:51
Baked goods manufacturer Aryzta has reported higher revenues and growth for its first fiscal quarter and reiterated its full year guidance.

Annual retail sales down for sixth month in a row - CSO

Mon, 11/28/2022 - 11:19
New Central Statistics Office figures show that the volume of retail sales rose by 0.7% in October but fell 2.6% on the same month last year.

Barclays chief executive diagnosed with cancer

Mon, 11/28/2022 - 10:56
Banking giant Barclays has revealed its chief executive CS Venkatakrishnan is undergoing treatment after being diagnosed with non-Hodgkin lymphoma.

Euro zone credit growth brisk despite gloomy outlook

Mon, 11/28/2022 - 10:38
Bank lending to euro zone companies held steady, maintaining the sector's biggest borrowing binge in over a decade, despite rising interest rates and a looming recession, European Central Bank data showed today.

EU plans for post-Brexit rules for derivatives clearing

Mon, 11/28/2022 - 10:14
Banks and other market participants in the European Union will have to prove to regulators that they are not overly reliant on clearing houses in London for processing their derivatives transactions, an EU draft document seen by Reuters showed.

IKEA announces pay hike and cost of living supports

Mon, 11/28/2022 - 10:00
IKEA has announced a pay increase and well-being support package for its Irish staff to support them during the cost of living crisis.

Russian e-scooter firm Whoosh considering IPO

Mon, 11/28/2022 - 08:55
E-scooter firm Whoosh said today it is considering an initial public offering (IPO) on the Moscow Exchange, in what would be Russia's first public listing since the country began what it calls a "special military operation" in Ukraine.

Oil falls as China's Covid protests fuel demand fears

Mon, 11/28/2022 - 08:21
Oil prices slumped today as street protests against strict Covid-19 curbs in China, the world's biggest crude importer stoked concern about the outlook for fuel demand.

Wendy's hamburger chain set to enter Irish market

Mon, 11/28/2022 - 08:03
American hamburger chain Wendy's has announced plans to enter the Irish market to further expand its presence across Europe.

Plastic bottle and can recycling scheme being launched

Mon, 11/28/2022 - 07:54
A new scheme to encourage people to recycle their drinks bottles and cans is being launched today.

Bank of Ireland's Economic Pulse shows mixed picture

Mon, 11/28/2022 - 07:47
A new survey shows that consumer sentiment fell in November while business sentiment rose as the economy benefited from the removal of Covid-related restrictions and strong employment growth this year, while the war in Ukraine caused a big jump in inflation.

Aldi to open 11 new stores in Dublin in €73m investment

Mon, 11/28/2022 - 07:25
Aldi has today announced plans to open 11 new stores in Dublin over the next five years in a €73m investment.

China's industrial profits drop as Covid hits economy

Mon, 11/28/2022 - 07:09
China's industrial firms saw overall profits decline further in the months from January to October as Covid-19 outbreaks flared up and cities imposed new virus curbs, including targeted lockdowns, dampening economic activity.