News | Latest Breaking News Stories & Headlines

The new infrastructure and tax package was unveiled today

US proposes global minimum tax rate of 21%

US President Joe Biden is proposing a new global minimum tax rate for American multinational companies, in a move that could potentially impact the attractiveness of Ireland as a location for foreign direct investment from US firms.

Business • 31 Mar 21

Google is taking advantage of Ireland's naturally cool climate to reduce energy costs

Google investing €150m in Dublin data centre

Google is to invest €150 million in a new data centre in west Dublin.

Business • 21 Aug 15

The new Act brings together 33 company law enactments into one Act and has over 1400 sections

New Companies Act takes effect

The Companies Act 2014, the largest piece of legislation lreland has ever seen, has come into effect.

Business • 01 Jun 15

Managing privacy controls was described as confusing and time-consuming

Google increases customer privacy controls

Google has increased privacy controls for users and rolled out a website that answers frequently asked questions in response to increasing concern over how the search giant collects and uses its massive amounts of data.

Business • 01 Jun 15

Malaysia Airlines was 'technically bankrupt' before 2014 crashes

Malaysia Airlines 'technically bankrupt' - CEO

Malaysia Airlines is "technically bankrupt", its new German CEO said as he outlined plans to stabilise the failing flag carrier, which include 6,000 job cuts.

Business • 01 Jun 15

The majority of European companies are meeting or beating their earnings forecasts

Strong European earnings trend continues

European companies have enjoyed their strongest quarter for four years and an improving economic backdrop and a supportive euro currency should ensure that they maintain their momentum.

Business • 14 May 15

The US fast-food burger giant said its overseas markets will be organised by their maturity within the McDonald's system

McDonald's announces turnaround plan

McDonald's has said it would vastly reorganise its international operations and sell off more corporate sites to franchisees as it strives to reverse a trend of sagging sales.

Business • 04 May 15

Not yet clear if jobs at Irish operations will be affected

Ebay announces plans to cut 2,400 jobs worldwide

Online marketplace Ebay has announced plans to shed 2,400 jobs representing 7% of its global workforce.

Business • 22 Jan 15

City Link parcel delivery depot in south London

UK parcel delivery firm to cut 2,356 jobs

British parcel delivery firm City Link, which went into administration on Christmas Eve, has announced that it would be cutting 2,356 jobs.

Business • 31 Dec 14

Dragon Oil cited "prevailing market conditions" as the reason for its decision

Dragon Oil drops Petroceltic bid

Dublin and London-listed oil explorer Dragon Oil has abandoned plans to make an offer for Dublin-listed Algeria-focused oil producer Petroceltic.

Business • 01 Dec 14

DCC CEO Tommy Breen said he expected the businesses to continue to grow and develop under Valeo’s ownership

DCC to sell Robert Roberts and Kelkin in €60m deal

DCC has announced that it is to sell two businesses, Robert Roberts and Kelkin, to foods group Valeo in a €60m deal.

Business • 01 Oct 14

Providence CEO Tony O'Reilly said the farm-out agree was the company's main priority

Providence farm-out negotiations at advanced stage

Irish exploration company Providence Resources has said negotiations are at an advanced stage on a farm-out agreement at its Barryroe oil field off the coast at Cork.

Business • 30 Sep 14

Both Google and Netflix reportedly plan not to comply with the demand for user data

Canadian regulator demands Google, Netflix data

Canada's broadcast regulator has reportedly given American companies Google and Netflix a three-day deadline to turn over subscriber data or have their testimony expunged from a major public hearing.

Business • 30 Sep 14

Larry Ellison speaking at an event in 2012

Larry Ellison steps down as Oracle CEO

Larry Ellison, co-founder and leader of Oracle for 37 years, stepped aside as chief executive officer last night.

Business • 19 Sep 14

IDA Ireland CEO Barry O'Leary said tax comes up in every meeting the IDA is involved in

Record number of people working at IDA companies

The chief executive of IDA Ireland has warned that any loss of competitiveness would have a negative impact on levels of foreign direct investment here.

Business • 07 Jul 14

Allergan's board of directors unanimously turned down the unsolicited offer from Valeant

Botox maker Allergan rejects takeover bid

Allergan, the US maker of Botox, has rejected a takeover bid from Valeant Pharmaceuticals, saying it "substantially undervalues" the company and questioning the Canadian firm's long-term growth plan.

Business • 12 May 14

The new jobs announced by the Wright Group takes its total workforce to 1,800

Jobs boosts for Antrim and Cork

A County Antrim bus-building company has announced that it is to create 130 new jobs.

Business • 12 May 14

Facebook says it wants to build on Oculus' technology

Facebook buying virtual reality firm Oculus

Facebook said it was buying Oculus, a specialist in virtual reality technology, for about $2 billion in cash and shares.

Business • 26 Mar 14

WhatsApp has 450 millions users worldwide

Facebook buys WhatsApp for $19bn

Facebook is buying the fast-growing mobile messaging service WhatsApp for more than $19 billion in cash and stock, expanding the global footprint of the social networking giant.

News • 20 Feb 14

The ISEQ was the best performing index in Western Europe last year

ISEQ records best year since 1997

The Irish Stock Exchange has said that its ISEQ Overall index had its best year in 2013 since 1997.

Business • 12 Feb 14

Apple sold 33.8 million iPhones in its latest three month period

Apple quarterly margins slide ahead of key season

Apple's profit and margins slid despite selling 33.8 million iPhones in its September quarter.

Business • 29 Oct 13

As part of the deal, the bank will continue to cooperate in criminal inquiries into certain individuals involved in the conduct at issue.

JPMorgan reaches tentative mortgage agreement

JPMorgan Chase & Co has reached a tentative $13bn (€9.4bn) agreement with the US justice department to settle a range of mortgage issues.

Business • 19 Oct 13

Twitter intends to list common stock under the symbol 'TWTR'

Twitter aims to raise $1 billion in IPO

Twitter will seek to raise $1 billion in the largest Silicon Valley IPO since Facebook's 2012 coming-out party, according to an IPO filing made public tonight.

Business • 04 Oct 13

Almost 70% of those surveyed said they had less trust in companies' annual reports

Investors distrust annual reports - survey

Many investors have lost trust in companies’ annual reports, according to research from the Association of Chartered Certified Accountants.

Business • 17 Jun 13

Splash page for Yahoo and blogging platformTumbler seen on an iPhone

Yahoo close to Tumblr acquisition

Yahoo may be on the verge of closing its biggest acquisition during the 10-month reign of CEO Marissa Mayer as she tries to attract more traffic and advertisers to the company's website and mobile applications.

Business • 19 May 13