RTE Business

Lufthansa faces falling ticket prices in its key transatlantic market amid rising competition from both Chinese and US rivals, the German airline's chief financial officer told reporters today.

New figures from the Central Statistics Office show that natural gas consumption fell by 7% in 2023 compared with 2022.

Lego's sales of its colourful plastic bricks outpaced the overall toy market in the first half of the year, driven by strong demand in Europe and North America, the Denmark-based toymaker said today.

The Wage Subsidy Scheme, which offers private sector employers a subsidy to provide employment to people with disabilities, is to be expanded.

An IFA delegation met the Minister for Finance Jack Chambers and the Minister for Public Expenditure and Reform Paschal Donohoe yesterday to discuss the IFA's Budget 2025 priorities.

Ryanair chief executive Michael O'Leary has called for alcohol limits in airports to tackle a rise in disorder on flights.

The Irish arm of doughnut maker Krispy Kreme is eyeing further expansion here after its revenues last year surged by 49% to a record €14.94m.

An administrator who spent 17 years working for the Ryan Commission on child abuse has secured an order directing his former employer to make good on two years of pay increments he did not receive prior to being made redundant.

Airline e-commerce platform Datalex has reported higher revenues and gross profits for the six months to the end of June as it also announced today that it is launching a capital raise.

We don't always rationally and objectively evaluate our willingness to pay a high price for a ticket in advance of doing so

A Turkish company has bought a 94.7% stake in Mannok, the building materials group made up of assets once owned by the businessman Sean Quinn.

Britain's Financial Conduct Authority said today it would launch a market study into so-called pure protection insurance product sales, amid fears that the design of some commission structures could lead to poor outcomes for policyholders.

Hyundai Motor said today it was targeting annual global sales of 5.55 million vehicles by 2030, up 30% from 2023, as it plans to double its hybrid lineup to counter a slowdown in global electric vehicle demand.

French investigative judges have placed Russian-born tech billionaire Pavel Durov under formal investigation after four days of custody, the Paris prosecutor has said, as part of a probe into the role of his messaging app Telegram in organised crime.

Pavel Durov, the founder and chief of Telegram, is set to learn today whether he will face charges and even be remanded in custody after his weekend arrest by French authorities over alleged violations at the messaging app.

Telecoms company eir has today announced a slight rise in revenue and earnings for the second quarter - in line with expectations.

Environmental campaigners have taken the European Commission to court, seeking to force Brussels to upgrade its emissions rules for 2030 and, in a second case, scrap rules that label some planes as climate-friendly investments.

HMD Global, which makes Nokia-branded phones, said it has teamed up with toymaker Mattel to launch the HMD Barbie Phone - a pint-sized pink feature flip phone with a retro design.

Scandinavian airline SAS has emerged from Chapter 11 bankruptcy proceedings in the United States with a stronger balance sheet and new owners after a court process lasting more than two years, the company said today.

Around 114 pubs on average have closed across the country every year of the last 18, new research has found.