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Commerzbank says UniCredit's approach is hostile

Thu, 01/23/2025 - 07:43
Commerzbank has defined UniCredit's approach for a potential tie-up as "hostile", and said there had been no discussion of it with the Italian bank in the past two years, despite UniCredit CEO Andrea Orcel saying there had.

Puma launches cost-cutting drive after profit disappoints

Thu, 01/23/2025 - 07:36
Sportswear brand Puma has announced a cost-cutting programme after reporting 2024 net profit below the prior year's level, missing its expectations.

Penneys/Primark cuts sales outlook after weak Christmas

Thu, 01/23/2025 - 07:35
Associated British Foods has downgraded the annual sales guidance for its Penneys/Primark budget clothing business after disappointing results in the Christmas quarter in its main UK and Ireland market.

Aer Lingus owner IAG tipped as frontrunner in TAP sale

Thu, 01/23/2025 - 07:22
Aer Lingus-owner IAG is likely to be a frontrunner to buy a stake in Portuguese carrier TAP, valued at about $1 billion, bankers and analysts said, marking the next phase in consolidation of the European market.

Trump to take virtual centre stage in Davos

Thu, 01/23/2025 - 07:12
US President Donald Trump will address global business and political leaders at the World Economic Forum in Davos by video link.

Bloomberg to fund UN climate body after US withdrawal

Thu, 01/23/2025 - 07:07
Billionaire Michael Bloomberg said today that his foundation will step in to fund the UN climate change body after President Donald Trump declared the US would withdraw from the Paris Agreement for the second time.

J&J beats quarterly sales and profit estimates

Wed, 01/22/2025 - 16:45
Johnson & Johnson, fresh off a $14.6 billion deal to buy neurological drugmaker Intra-Cellular, reported fourth-quarter revenues and profit above Wall Street estimates today, driven by strong sales of its cancer treatments.

Oil prices steady as investors watch Trump policies

Wed, 01/22/2025 - 16:16
Oil prices held steady today, with traders closely watching President Donald Trump's proposed tariffs and the potential impact of the national energy emergency he declared on his first day in office.

Council green light for upgrade works at Trump Doonbeg

Wed, 01/22/2025 - 16:01
Clare County Council has given the green light to US President Donald Trump's golf resort at Doonbeg for new upgrade works.

Irish firm launches new Minecraft AI skills programme

Wed, 01/22/2025 - 16:00
Irish-headquartered education technology company Prodigy Learning, and Minecraft Education have announced the launch of a new artificial intelligence (AI) skills course for students.

Ryanair curbs investment in Rome due to rising costs

Wed, 01/22/2025 - 15:02
Ryanair said today it would remove an aircraft from Rome Fiumicino and curb expansion at the Italian capital's second airport due to rising costs and flight restrictions, as the city braces for an influx of additional tourists in a Jubilee year.

AIB to cut two of its fixed term saving rates by 0.25%

Wed, 01/22/2025 - 14:45
AIB has announced it will reduce rates by 0.25% on two of its Fixed Term savings products after the European Central Bank decreased rates four times over the last year.

Europe extends hand to US, warns of 'race to bottom'

Wed, 01/22/2025 - 12:55
The European Union signalled its readiness to engage and negotiate with US President Donald Trump, warning of the need to avoid a trade conflict that would hurt both sides and the global economy.

'Be serious', says Panama president on Trump question

Wed, 01/22/2025 - 12:54
Panama's President Jose Raul Mulino responded "be serious, be serious" today when asked in Davos whether he was concerned the US would invade after President Donald Trump said he would take back the Panama Canal.

Reducing emissions by cutting farm production 'sabotage'

Wed, 01/22/2025 - 12:52
The Irish Farmers Association has said that seeking to reduce environmental emissions by cutting farm production, would amount to "national sabotage".

Voice note on 'joints' at Intel site part of cover-up

Wed, 01/22/2025 - 12:34
A voice note recorded by a worker talking about "cocaine use, smoking joints" and having "h*es" on a subcontractor's site at Intel's Irish semiconductor plant has been produced as a "cover-up" for whistleblower penalisation, a lawyer has said.

Dead Pixels: Why game graphics don't matter any more

Wed, 01/22/2025 - 12:15
Video game-makers used to make a big deal of their cutting-edge graphics, but they're not the selling point that they used to be, writes Adam Maguire.

Annual house price growth slows slightly to 9.4% - CSO

Wed, 01/22/2025 - 11:33
Property prices rose by 9.4% in the 12-month period to last November, according to the latest figures from the Central Statistics Office.

Wholesale electricity prices up 54% in year to December

Wed, 01/22/2025 - 11:21
New figures from the Central Statistics Office show that wholesale electricity prices fell by 6.2% in the month to December but were 53.9% higher compared to December 2023.

Davos: Carbon markets investor's Amazon protection plan

Wed, 01/22/2025 - 08:54
A carbon markets investor backed by Swiss-trading house Mercuria said today it had joined with two non-profits to raise an initial $1.5 billion to help protect the Amazon, by working with Brazilian states, farmers and local communities.

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