https://www.rte.ie/news/business/en-ieRTÉ 2023-RTÉ Commercial Enterprises Ltd, Registration No: 155076, Donnybrook, Dublin 4, Ireland.Thu, 30 Nov 2023 10:19:06 +0000https://www.rte.ie/news/business/2023/1130/1419336-euro-zone-inflation/Euro zone inflation tumbled far more than expected this month, a challenge to the European Central Bank's narrative that price growth remains stubborn and likely fuelling bets on early spring rate cuts in defiance of the bank's explicit guidance.Thu, 30 Nov 2023 10:07:44 +0000https://www.rte.ie/news/business/2023/1130/1419336-euro-zone-inflation/Businesshttps://www.rte.ie/news/business/2023/1130/1419237-tenants-rent/New official data has shown for the first time that existing tenants are paying considerably less rent than those taking out new tenancies.Thu, 30 Nov 2023 05:00:00 +0000https://www.rte.ie/news/business/2023/1130/1419237-tenants-rent/Businesshttps://www.rte.ie/news/business/2023/1130/1419318-scarp-azets-debt/Fifty companies have gone through the Small Company Administrative Rescue Process since it launched two years ago, according to analysis by Azets Ireland.Thu, 30 Nov 2023 08:50:13 +0000https://www.rte.ie/news/business/2023/1130/1419318-scarp-azets-debt/Businesshttps://www.rte.ie/news/business/2023/1130/1419228-construction-to-begin-on-bio-cng-refuelling-station/Construction will begin this week on Ireland's first dedicated Bio-CNG refuelling station.Thu, 30 Nov 2023 05:00:00 +0000https://www.rte.ie/news/business/2023/1130/1419228-construction-to-begin-on-bio-cng-refuelling-station/Businesshttps://www.rte.ie/news/ireland/2023/1129/1419274-donohoe-eurogroup/The Minster for Public Expenditure, Paschal Donohoe, has welcomed the fall in inflation, saying "it shows the hard work is working and we need to continue with it - because if we don't get inflation down we are going to be poorer for longer".Wed, 29 Nov 2023 22:31:11 +0000https://www.rte.ie/news/ireland/2023/1129/1419274-donohoe-eurogroup/Irelandhttps://www.rte.ie/news/business/2023/1130/1419246-big-increase-in-demand-for-construction-workers-in-2023/The resurgence of construction here meant professional roles in that sector recorded the biggest increase in demand this year, new data shows.Thu, 30 Nov 2023 05:00:03 +0000https://www.rte.ie/news/business/2023/1130/1419246-big-increase-in-demand-for-construction-workers-in-2023/Businesshttps://www.rte.ie/news/business/2023/1130/1419291-chatgpt-turns-one-today/ChatGPT is one year old today. The powerful artificial intelligence (AI) tool that has taken the internet by storm was launched on 30 November 2022.Thu, 30 Nov 2023 07:25:31 +0000https://www.rte.ie/news/business/2023/1130/1419291-chatgpt-turns-one-today/Businesshttps://www.rte.ie/news/business/2023/1130/1419296-metro-bank-to-lay-off-20-of-staff/Metro Bank has today announced sweeping cost-cutting plans aimed at bolstering its finances, which could see the embattled British lender lay off 20% of its staff and axe some of its biggest customer perks including seven-day opening hours.Thu, 30 Nov 2023 07:28:38 +0000https://www.rte.ie/news/business/2023/1130/1419296-metro-bank-to-lay-off-20-of-staff/Businesshttps://www.rte.ie/news/business/2023/1130/1419314-gas-networks-ireland-winter-outlook/Gas Networks Ireland said it does not envisage any disruption to gas supply during the winter months.Thu, 30 Nov 2023 08:52:42 +0000https://www.rte.ie/news/business/2023/1130/1419314-gas-networks-ireland-winter-outlook/Businesshttps://www.rte.ie/news/business/2023/1130/1419310-new-ecb-banknote-themes/The Governing Council of the European Central Bank said it has selected "European culture" and "Rivers and birds" as the possible themes to choose from for future euro banknotes.Thu, 30 Nov 2023 08:20:08 +0000https://www.rte.ie/news/business/2023/1130/1419310-new-ecb-banknote-themes/Businesshttps://www.rte.ie/news/business/2023/1130/1419300-dr-martens-cuts-outlook/Dr Martens' shares dropped to a record low today, after the bootmaker forecast its annual revenue to decline and profit to miss market views due to a slow start to the autumn-winter season and staggered wholesale demand.Thu, 30 Nov 2023 07:44:01 +0000https://www.rte.ie/news/business/2023/1130/1419300-dr-martens-cuts-outlook/Businesshttps://www.rte.ie/news/business/2023/1130/1419297-sas-quarterly-results/Scandinavian airline SAS has today reported a bigger than expected pretax loss in the fourth quarter as high fuel costs and a weak Swedish currency weighed on its results.Thu, 30 Nov 2023 07:33:05 +0000https://www.rte.ie/news/business/2023/1130/1419297-sas-quarterly-results/Businesshttps://www.rte.ie/news/business/2023/1130/1419306-walt-disney-ceo-to-step-down-in-2026/Walt Disney chief executive Bob Iger said he would "definitely" step down when his current contract ends in 2026 and that the ABC broadcast network was not for sale.Thu, 30 Nov 2023 08:01:49 +0000https://www.rte.ie/news/business/2023/1130/1419306-walt-disney-ceo-to-step-down-in-2026/Businesshttps://www.rte.ie/news/world/2023/1130/1419286-elon-musk/Billionaire businessman Elon Musk apologised for endorsing a social media post widely seen as anti-Semitic.Thu, 30 Nov 2023 07:04:46 +0000https://www.rte.ie/news/world/2023/1130/1419286-elon-musk/Worldhttps://www.rte.ie/news/business/2023/1130/1419321-german-jobless-figures/The number of unemployed people in Germany rose in line with analysts' expectations in November, Labour Office figures showed today.Thu, 30 Nov 2023 09:04:48 +0000https://www.rte.ie/news/business/2023/1130/1419321-german-jobless-figures/Businesshttps://www.rte.ie/news/world/2023/1130/1419270-cop28-preview/The United Nations Executive Secretary in charge of climate change has said every country and every company will be held to account for its actions to limit global warming to 1.5C at the UN COP28 climate Summit which starts today in Dubai.Thu, 30 Nov 2023 06:00:00 +0000https://www.rte.ie/news/world/2023/1130/1419270-cop28-preview/Analysis and Commenthttps://www.rte.ie/news/business/2023/1130/1419301-remy-cointreaus-full-year-outlook/French spirits group Remy Cointreau has today stuck to its full-year 2023/24 forecast for lower sales and profitability, saying the key US market would not see a sales rebound before the next financial year.Thu, 30 Nov 2023 07:48:54 +0000https://www.rte.ie/news/business/2023/1130/1419301-remy-cointreaus-full-year-outlook/Businesshttps://www.rte.ie/news/business/2023/1129/1419123-cso-flash-inflation-reading/The annual rate of inflation fell to 2.3% in November, according to the latest "flash estimate" from the Central Statistics Office.Wed, 29 Nov 2023 11:21:52 +0000https://www.rte.ie/news/business/2023/1129/1419123-cso-flash-inflation-reading/Businesshttps://www.rte.ie/news/business/2023/1129/1419110-global-growth-to-slow-but-avoid-a-hard-landing-oecd/The Paris-based think tank, the OECD, has forecast that the economy measured by gross domestic product (GDP) will shrink this year by 0.6%.Wed, 29 Nov 2023 10:24:18 +0000https://www.rte.ie/news/business/2023/1129/1419110-global-growth-to-slow-but-avoid-a-hard-landing-oecd/Businesshttps://www.rte.ie/news/business/2023/1129/1419153-rajeev-suri-to-be-appointed-chairman-of-digicel-group/Rajeev Suri is set to be appointed Chairman of Caribbean-based mobile phone business Digicel Group, succeeding Denis O'Brien.Wed, 29 Nov 2023 13:34:02 +0000https://www.rte.ie/news/business/2023/1129/1419153-rajeev-suri-to-be-appointed-chairman-of-digicel-group/Businesshttps://www.rte.ie/news/business/2023/1129/1419179-soapbox-labs-bought-by/Irish founded voice artificial intelligence company SoapBox Labs has been bought by US education technology business Curriculum Associates (CA).Wed, 29 Nov 2023 14:32:37 +0000https://www.rte.ie/news/business/2023/1129/1419179-soapbox-labs-bought-by/Businesshttps://www.rte.ie/news/business/2023/1129/1419130-brown-thomas-arnotts-parent-files-for-insolvency/The parent group of Brown Thomas and Arnotts, Signa, has today filed for insolvency after a last-minute attempt to raise emergency funding failed.Wed, 29 Nov 2023 11:57:55 +0000https://www.rte.ie/news/business/2023/1129/1419130-brown-thomas-arnotts-parent-files-for-insolvency/Businesshttps://www.rte.ie/news/business/2023/1129/1419208-glenisk-sustains-45-hit-to-2022-revenues-due-to-fire/The makers of the Glenisk organic yogurt brand last year sustained a €9.59m revenue hit due to the impact of a fire that destroyed the firm's main production plant in 2021.Wed, 29 Nov 2023 15:30:13 +0000https://www.rte.ie/news/business/2023/1129/1419208-glenisk-sustains-45-hit-to-2022-revenues-due-to-fire/Businesshttps://www.rte.ie/news/business/2023/1129/1419211-just-one-quarter-of-workers-mostly-doing-physical-work/More than half of workers in Ireland with a third level education spend all or most of their time working on a digital device.Wed, 29 Nov 2023 15:47:34 +0000https://www.rte.ie/news/business/2023/1129/1419211-just-one-quarter-of-workers-mostly-doing-physical-work/Businesshttps://www.rte.ie/news/business/2023/1129/1419244-revenues-at-tk-maxx-firm-increase-to-240m/Revenues at the operator of clothing and homeware retailer, TK Maxx this year surged by 20% or €40.48m to €240.3m as the business recovered from the business impact of Covid-19.Wed, 29 Nov 2023 18:07:00 +0000https://www.rte.ie/news/business/2023/1129/1419244-revenues-at-tk-maxx-firm-increase-to-240m/Businesshttps://www.rte.ie/news/business/2023/1129/1419069-charlie-munger-dies/Warren Buffett's trusted confidante Charlie Munger has died at the age of 99, leaving a void at Berkshire Hathaway that investors said would be impossible to fill despite the conglomerate's well-established succession plan.Wed, 29 Nov 2023 07:21:21 +0000https://www.rte.ie/news/business/2023/1129/1419069-charlie-munger-dies/Businesshttps://www.rte.ie/news/2023/1129/1419168-eu-flight-refunds/European travellers will get refunds for cancelled flights within 14 days, according to fresh proposals from the European Commission.Wed, 29 Nov 2023 14:03:25 +0000https://www.rte.ie/news/2023/1129/1419168-eu-flight-refunds/Europehttps://www.rte.ie/news/business/2023/1129/1419201-profits-surge-80-at-poolbeg-incinerator-firm-to-57-4m/Pre-tax profits at the company that operates the Poolbeg incinerator in Dublin last year surged by 80% to €57.4m as the firm benefited from soaring energy prices in 2022.Wed, 29 Nov 2023 15:21:51 +0000https://www.rte.ie/news/business/2023/1129/1419201-profits-surge-80-at-poolbeg-incinerator-firm-to-57-4m/Businesshttps://www.rte.ie/news/business/2023/1129/1419199-postmans-case-at-wrc/A postman who had an assault conviction reduced to a probation order on appeal has now secured €5,000 in compensation for being sacked by An Post, which found he had brought the service "into disrepute".Wed, 29 Nov 2023 15:17:17 +0000https://www.rte.ie/news/business/2023/1129/1419199-postmans-case-at-wrc/Businesshttps://www.rte.ie/news/business/2023/1129/1419171-overseas-visitors-to-ireland-down-in-october-cso/577,400 visitors from overseas visited Ireland in October, down slightly on September, according to the Central Statistics Office.Wed, 29 Nov 2023 14:04:33 +0000https://www.rte.ie/news/business/2023/1129/1419171-overseas-visitors-to-ireland-down-in-october-cso/Businesshttps://www.rte.ie/news/business/2023/1129/1418985-bord-gais-energy-planning-ammonia-power-plant-in-cork/Bord Gáis Energy (BGE), along with partners, is planning to build a new ammonia fired electricity generation facility in Cork.Wed, 29 Nov 2023 07:00:00 +0000https://www.rte.ie/news/business/2023/1129/1418985-bord-gais-energy-planning-ammonia-power-plant-in-cork/Businesshttps://www.rte.ie/news/business/2023/1129/1419076-allergans-wesport-botox-plant-makes-1-5bn-in-profits/Westport's status as the global production capital of Botox was further enhanced last year as world wide sales of the treatment from a local manufacturing plant increased by $1.25 billion to a record $4.88 billion (€4.43 billion).Wed, 29 Nov 2023 07:46:56 +0000https://www.rte.ie/news/business/2023/1129/1419076-allergans-wesport-botox-plant-makes-1-5bn-in-profits/Businesshttps://www.rte.ie/news/business/2023/1129/1419165-18-6bn-processed-via-stripe-over-black-friday-weekend/Irish-founded payments platform Stripe processed more than $18.6 billion in payment transactions between Black Friday and Cyber Monday.Wed, 29 Nov 2023 13:58:59 +0000https://www.rte.ie/news/business/2023/1129/1419165-18-6bn-processed-via-stripe-over-black-friday-weekend/Businesshttps://www.rte.ie/news/business/2023/1129/1419185-ikea-stores-owner-confident-price-cuts-will-help-sales/Ingka Group, the owner of most IKEA stores, said today it was confident further price cuts would help drive sales volumes in the year to come, after reporting largely flat operating profit for the last financial year.Wed, 29 Nov 2023 14:45:03 +0000https://www.rte.ie/news/business/2023/1129/1419185-ikea-stores-owner-confident-price-cuts-will-help-sales/Businesshttps://www.rte.ie/news/business/2023/1129/1419202-us-q3-gdp-figures/US economic growth was stronger than estimated for the July to September period this year, government data showed today, due to higher investment and government spending than originally expected.Wed, 29 Nov 2023 15:14:58 +0000https://www.rte.ie/news/business/2023/1129/1419202-us-q3-gdp-figures/Businesshttps://www.rte.ie/news/business/2023/1129/1419149-protected-geographical-indication/Two Irish products have today been given official recognition and protection by the EU, recognising their uniqueness and geographical association with Ireland.Wed, 29 Nov 2023 13:10:31 +0000https://www.rte.ie/news/business/2023/1129/1419149-protected-geographical-indication/Businesshttps://www.rte.ie/news/business/2023/1129/1419106-waterways-ireland-plan/Waterways Ireland has launched its 10 year plan for the redevelopment and restoration of the country's inland waters.Wed, 29 Nov 2023 10:02:40 +0000https://www.rte.ie/news/business/2023/1129/1419106-waterways-ireland-plan/Businesshttps://www.rte.ie/news/europe/2023/1129/1419039-eu-study-internet/A new report from the EU Agency for Fundamental Rights has warned that abusive comments, harassment and incitement to violence are easily slipping through the content moderation tools being used by online platforms.Wed, 29 Nov 2023 05:01:00 +0000https://www.rte.ie/news/europe/2023/1129/1419039-eu-study-internet/Europehttps://www.rte.ie/news/2023/1129/1419055-donohoe-eurogroup-us/Minster for Public Expenditure and Reform Paschal Donohoe is in the United States for a series of meetings with senior government and Central Bank officials, including the US Treasury Secretary Janet Yellen.Wed, 29 Nov 2023 00:35:30 +0000https://www.rte.ie/news/2023/1129/1419055-donohoe-eurogroup-us/UShttps://www.rte.ie/news/business/2023/1129/1419022-dojo-receives-e-money-licence-from-central-bank/UK based payments technology provider Dojo is making Ireland its European headquarters, after it received authorisation to begin offering its services directly to customers here.Wed, 29 Nov 2023 05:00:00 +0000https://www.rte.ie/news/business/2023/1129/1419022-dojo-receives-e-money-licence-from-central-bank/Business