RTE Business

US consumer spending increased solidly in July, suggesting the economy remained on firmer ground early in the third quarter and arguing against a half-percentage-point interest rate cut from the Federal Reserve next month.

Fota Wildlife Park in Cork has said that all customers potentially impacted by a cyberattack have now been contacted.

Primark, which trades as Penneys here, has opened the doors to its 450th store - which is located in Orlando, Florida in the US.

Human rights organisation Amnesty International Ireland has announced temporary layoffs due to what it described as a temporary cash flow crisis.

Hundreds of Border Force officers at London Heathrow, one of the world's biggest airports, will go on strike again for four days from Saturday over working conditions, their union confirmed.

The number of visitors to Ireland during the key tourist month of July was almost flat compared to the same month last year.

New figures from the Central Statistics Office show that the volume of retail sales rose by 0.1% in July when compared with June on a seasonally adjusted basis.

Lululemon Athletica has cut its annual sales and profit forecasts, as demand for its pricey leggings and tank tops slowed in North America amid selective consumer spending.

Euro zone inflation fell to its lowest level in three years this month, adding to the case for another European Central Bank interest rate cut in September, even if price growth is likely to rebound towards the end of the year.

The chairperson of the Federation of Early Childhood Providers has said that providers want to be allowed a realistic fee increase for those stuck in historical fee freezes in the sector.

Euro zone inflation is falling as predicted, easing the risk that further rate cuts would derail disinflation, European Central Bank board member Isabel Schnabel said today, cautioning that risks to the outlook still remain.

France's economy grew 0.2% in the second quarter of 2024, official data from the country's statistics office INSEE showed today, revising down the preliminary figure of 0.3% published in July.

Amsterdam's Schipol airport, one of Europe's main aviation hubs, has pledged to invest €6 billion by 2029 in what it called the largest investment plan in its history.

British house prices unexpectedly fell in August for their first monthly drop since April but the outlook for the property market is likely to strengthen, Nationwide Building Society, a major mortgage lender, said today.

Renewable Energy Ireland has appointed Jim Breslin as its new chairperson. Mr Breslin succeeds Dr Tanya Harrington who had served in that role since 2021.

Dell Technologies last night raised its annual revenue and profit forecasts, buoyed by demand for its AI-optimised servers that are powered by Nvidia's powerful chips, sending its shares up about 3% in extended trading.

Pavel Durov's arrest in Paris may have consequences for Telegram, its users and other social media platforms

Global paper producer Smurfit Westrock has been awarded a $469m arbitration ruling against Venezuela by the World Bank's International Centre for Settlement of Investment Disputes (ICSID), the company and the tribunal said.

Four out of every ten new homes sold last year across the country changed hands as part of a transaction where multiple units were sold together, new research has claimed.

ATC Computer Transport & Logistics has announced an investment of €22.5 million to support the transition of its global transportation fleet to zero emissions over the next five years.