RTE Business

Oil prices rose this morning after US Secretary of State Mike Pompeo said Washington will take all actions necessary to guarantee safe navigation in the Middle East.

Two oil tankers, one Norwegian and one Japanese, last week were attacked as they traveled in the Gulf of Oman.

Sweden's H&M, the world's second-biggest fashion retailer, reported today local-currency sales growth in line with expectations for its fiscal second quarter and said customer satisfaction was improving.

China's Huawei Technologies expects sales to drop to around $100 billion this year and the next, CEO Ren Zhengfei said today, as its business comes under pressure due to US sanctions.

Safety concerns, trade wars and growing security tensions in the Gulf are dampening spirits at the world's largest planemakers as they arrive at this week's Paris Airshow with little to celebrate despite bulging order books.

German airline Lufthansa has lowered its profit outlook for 2019, citing intense price competition from low-cost rivals in Europe.

British companies look set to cut their investment by the most in 10 years in 2019 as the Brexit crisis drags on, weighing on future economic growth prospects, a survey showed today.

A new report suggests the Government may have to extend its Help-to-Buy scheme if it is to achieve its policy goals on housing supply and promoting home ownership.

Irish headquartered healthcare service business Uniphar has announced its intention to float on Euronext Dublin and the Alternative Investment Market or AIM in London.

Accounting group EY has revised upwards its growth forecast for the economy for this year on the back of strong corporate tax receipts and job creation.

The Cabinet will consider a new Climate Action Plan today, which maps-out how the government plans to achieve its greenhouse gas reduction targets.

A Belgian court has ruled that the country's labour laws apply to Ryanair employees based in the country, in a case that could set a precedent elsewhere in Europe and upholds a 2018 agreement reached between the airline and Belgian unions.

Sterling fell again today as investors trimmed their positions after Brexiteer Boris Johnson moved closer to becoming the next prime minister.

Women across Switzerland went on strike today for equal pay as they staged various actions to vent their frustration with persistent gender discrimination and wage gaps in the wealthy Alpine nation.

The Irish SME Association has called on Finance Minister Paschal Donohoe to take precautionary measures against more difficult times ahead in Budget 2020.

The London Metal Exchange has ordered traders to refrain from consuming alcohol prior to work, in a further move by Britain's age-old financial institutions to improve staff conduct.

Exports to the UK rose by 10% to €1.131 billion in April compared to the same month last year on the back of higher levels of mineral fuels, lubricants and related materials and chemicals exports.

Minister of State for Training and Skills John Halligan has said the €5m investment from the Government in Waterford Airport was "a small amount".

New figures from the Central Bank show that Irish mortgage holders continue to pay the second highest interest rates in the euro zone.

Broadcom has warned of a broad slowdown in chip demand, blaming a trade conflict between the US and China and export restrictions on Huawei Technologies.