RTE Business

Ongoing economic growth, a solid job market, and inflation that remains above its 2% target mean the Federal Reserve does not need to rush to lower interest rates, Fed Chair Jerome Powell said last night.

New Central Statistics Office figures show that Irish exports rose by 23% to hit a new monthly record high of €22.2 billion in September.

Ireland's GDP is expected to decline by 0.5% in 2024, mainly due to a contraction in the multinational sector in the first half of the year, the European Commission's Autumn 2024 Economic Forecast has predicted.

Oil and gas majors TotalEnergies, BP, Shell and Equinor have pledged to invest $500m to increase access to affordable energy, primarily in sub-Saharan Africa, south and southeast Asia.

The latest AA Ireland Fuel Survey reveals a slight increase in petrol and diesel prices for November after three months of fuel price decreases in a row.

Japan's economy expanded by an annualised 0.9% over the July-September quarter, government data showed today, slowing from the previous three months due to tepid capital spending though an unexpected pickup in consumption added a bright spot.

Smurfit Westrock has been named as the "Best Irish Company in France" in the recent 2024 Ireland France awards.

Hyundai has named Jose Munoz, its current US chief and global chief operating officer, as co-chief executive officer, marking a rare appointment of a foreign national to a CEO post at a major South Korean conglomerate.

China's factory output growth slowed in October and it was still too early to call a turn in the crisis-hit property sector even though consumers perked up, keeping alive calls for Beijing to top-up its recent blitz of stimulus to revitalise the economy.

Kirby Group Engineering is opening its new €8m off-site manufacturing (OSM) facility at Junction 17 National Enterprise Park in Portlaoise in Co Laois today, which will create 50 jobs.

Britain's economy grew by a slower than expected 0.1% in the third second quarter of 2024, official figures showed today.

A new health insurer is launching in Ireland today offering simplified policy options, lower prices and wider access to health services, in a move that is expected to boost competition in the market.

Dublin has dropped from 13th to 17th position out of 30 European cities ranked for investment and development potential for 2025.

New research has found that there is a strong appetite for digital transformation among small businesses.

The Government has said it expects to meet a deadline today to transpose an EU directive on workers' rights.

Around one million users signed up for social media site Bluesky in the week following Donald Trump's election win - but what is it?

Medical device maker BD (Becton Dickinson) has withdrawn from talks aimed at resolving a dispute over severance packages for workers at its plant in Drogheda.

Jobs platform Indeed has unveiled a new artificial intelligence (AI) tool that it has described as the first step toward delivering a virtual talent agent for job seekers, and a talent scout for employers.

A US federal judge said Kraft Heinz must face a proposed nationwide class action alleging that it defrauded consumers by claiming its Kraft macaroni and cheese, one of its best-known products, contains no artificial preservatives.

The satirical website The Onion has bought conspiracy theorist Alex Jones' Infowars brand and website in a bankruptcy auction.