RTE Business

The European Central Bank will raise its deposit rate above zero for the first time in a decade in September, according to most economists polled by Reuters, who expect it to be at least 50 basis points higher than previously anticipated by year-end.

An office building in the heart of Dublin city's Docklands has been chosen as the winner of the 2022 RIAI Public Choice Award.

The Central Bank is set to hit AIB with a record fine later today for its role in the tracker mortgage issue.

London's Heathrow said today that demand for travel has been stronger than expected, prompting Britain's busiest airport to raise its passenger number forecast for the year, while costs are also on the rise.

US restaurant management platform Toast said it plans to create 100 jobs this year as it opens its new office on St Stephen's Green in Dublin.

US President Joe Biden has called for a three-month suspension of the federal gasoline tax to combat record prices, but opposition from politicians within his own party suggests the request may never be met.

The population of the Republic of Ireland increased by 7.6% in the six years between 2016 and 2022, according to the preliminary results of Census 2022.

The economy will continue to grow strongly this year based on the performance of multinational companies here, according to the Economic and Social Research Institute.

Consumer confidence improved slightly in June following four months of weakening sentiment, according to the latest KBC Bank Ireland consumer sentiment index.

70 of Ireland's biggest companies have now committed to setting carbon-reduction targets based on climate science, by signing a low-carbon pledge overseen by Business in the Community Ireland (BITCI), a not for profit organisation.

A report from a Government advisory group has found that net job losses are not expected as a result of the adoption of Artificial Intelligence (AI).

The Federal Reserve is "strongly committed" to bringing down inflation that is running at a 40-year high and policymakers are acting "expeditiously to do so," US central bank chief Jerome Powell said today.

IKEA stores owner Ingka Group said today in response to speculation that it might resume sales in Russia that it was open to returning one day but the conditions were not in place right now.

Both the euro and sterling fell today as concerns resurfaced that interest rate hikes from major central banks to contain inflation run the risk of a sharp global growth slowdown or recession.

A social enterprise is looking to sign up hundreds of professionals to help Irish students to think more creatively.

Shopify has launched new tools to help its merchants sell to other businesses and on Twitter, as the Canadian tech giant attempts to shore up sales to counter a post-pandemic slowdown in online shopping.

Canada's annual inflation rate accelerated to 7.7% in May, the highest since January 1983, on fuel prices, as well as services like hotels and restaurants, Statistics Canada said.

Cork Airport says it is are on target to reach 2019 passenger levels over the next two years having seen a massive rebound in business since the lifting of Covid-19 restrictions.

New loans to small and medium sized businesses by Irish resident credit institutions reached €959 million in the first quarter of this year, down 6% on the same time last year.

Boeing expects supply chain problems to persist almost until the end of 2023, led by labour shortages at mid-tier and smaller suppliers, partly due to the faster than expected return of demand, its chief executive said today.