BUDGET 2015
    Close
    The economy grew at a 0.8% pace in the first quarter

    US second-quarter growth trimmed to 1.1%

    26 Aug US economic growth was a bit more sluggish than initially thought in the second quarter as businesses aggressively ran down stocks of unsold goods, offsetting a spurt in consumer spending.

    AB InBev is already the world's top brewer and the SABMiller acquisition is in line to be the third largest merger in history if it goes through

    Anheuser-Busch to cut 5,500 jobs after merger

    26 Aug The world's top brewer Anheuser-Busch InBev will cut around 5,500 jobs after it completes its huge merger with rival SABMiller, a source with knowledge of the matter has told AFP.

    The strong performance comes despite what INM CEO Robert Pitt described as "a challenging trading environment" in which print newspaper circulation levels and associated ad revenue continue to decline

    INM profit rises despite 'challenging' environment

    26 Aug Independent News & Media has reported a 22.5% rise in profit before tax for the first half of the year to €18.5m, with revenues at the media company rising by 2.7% to over €161m for the period.

    The gloomy data reinforces a dominant market view that Prime Minister Shinzo Abe's stimulus programmes have failed to dislodge the deflationary mindset prevailing

    Japanese consumer prices fall again in July

    26 Aug Japan's consumer prices fell in July by the most in more than three years as more firms delayed price hikes due to weak consumption, keeping the central bank under pressure to expand an already massive stimulus programme.

    Bijan Namdar Zanganeh said Iran expects others to respect its rights to regain its lost share of the market

    Iran sets terms for cooperating with OPEC

    26 Aug Iran will help other oil producers stabilise the world market so long as fellow OPEC members recognise its right to regain lost market share, the country' oil minister has said.

    The hack is the first known case of software that can remotely take over a fully up-to-date iPhone 6

    Apple issues software update after attempted hack

    26 Aug Apple has issued a patch to fix a dangerous security flaw in iPhones and iPads after researchers discovered that a prominent United Arab Emirates dissident's phone had been targeted with a previously unknown method of hacking.

    The question of whether on-demand ride services will remain open to new players has vexed start-ups and investors since Uber started the industry seven years ago

    Ride-hailing industry ripe for competition

    26 Aug Chinese powerhouse Didi Chuxing's acquisition of Uber's China operations marked the biggest move yet toward consolidation in an industry that many investors and Silicon Valley pundits view as a winner-take-all game.

    The company and a lawyer for VW dealers announced a tentative settlement at a court hearing in San Francisco, but declined to disclose the amount

    VW to pay $1.2 billion to compensate US dealers

    26 Aug Volkswagen has agreed to spend more than $1.2 billion (€1.06 billion) to compensate its 650 US dealers for their losses from the German carmaker's diesel emissions scandal, two sources briefed on the matter have said.

    A look at some of the main business stories in today's newspapers

    Today in the press

    26 Aug The Irish Times reports that Ulster Bank has applied to the Central Bank for the green light to use some of its surplus capital to make a payment to its parent company, Royal Bank of Scotland.

    MoreClose
    FULL NEWS INDEX
    FULL NEWS INDEX
    FULL NEWS INDEX
    The hack is the first known case of software that can remotely take over a fully up-to-date iPhone 6

    Apple issues software update after attempted hack

    26 Aug Apple has issued a patch to fix a dangerous security flaw in iPhones and iPads after researchers discovered that a prominent United Arab Emirates dissident's phone had been targeted with a previously unknown method of hacking.