News | Latest Breaking News Stories & Headlines

Corporation tax makes up quarter of Ireland's tax revenue

The surge in corporation tax over recent years means that it now makes up over a quarter of Ireland's total tax revenue, according to the Irish Fiscal Advisory Council.

Business • 2 hrs

Chinese goods dumping started before tariffs - ECB study

Weak domestic demand rather than US tariffs is the main reason China is dumping surplus product on European markets at rock-bottom prices at the expense of domestic producers, a European Central Bank study argued today.

Business • 11 Nov

Sony raises profit forecast by 8%, cites lower tariff hit

Sony has today raised its operating profit forecast for the year ending March 2026 by 8% to 1.43 trillion yen ($9.5 billion), citing a smaller-than-expected impact from US tariffs and the strength of its entertainment and chips businesses.

Business • 11 Nov

Daimler Truck posts 40% drop in quarterly profit

Daimler Truck has posted a bigger-than-expected 40% drop in third-quarter operating profit and said full-year profit is expected towards the lower end of its forecast range, as the North American market was muted despite some recovery.

Business • 07 Nov

A Chinese port with a truck and container in front of a large red crane

China's exports fall for first time in eight months

China's exports fell in October for the first time in eight months, official data showed today, as trade tensions flared in the weeks before Chinese President Xi Jinping met US counterpart Donald Trump.

Business • 07 Nov

Germany faces rising financial stability risk - bank

Germany is facing rising risks to its financial stability from erratic US economic policy, overvalued equity markets, excessive debt levels around the world and souring bank credit, the Bundesbank warned today.

Business • 06 Nov

A grew Toyota bZ7 vehicle displayed at a car show

Toyota raises profit outlook, bets it can ride out tariff

Toyota has today raised its full-year profit forecast, as the Japanese automaker bet solid performance outside the US would help it ride out the impact of US President Donald Trump's import tariffs.

Business • 05 Nov

Pandora cuts sales growth forecast as Europe slows

Danish jewellery brand Pandora has today cut its full year comparable sales growth forecast and posted weaker than expected third quarter growth as European sales dipped, sending its shares 4% lower.

Business • 05 Nov

Pfizer raises profit forecast for second time in a row

Pfizer has today lifted its full-year profit forecast for the second time in a row as robust demand for its blockbuster heart treatment and blood thinner helped it post third-quarter earnings above expectations.

Business • 04 Nov

Philips profit boosted by AI tools, tariff mitigation

Dutch medical technology company Philips has reported third-quarter profit above market expectations, helped by measures to mitigate the impact of tariffs and the launch of artificial intelligence tools.

Business • 04 Nov

The conservative-majority Supreme Court could find the tariffs illegal, blocking duties imposed on goods from countries worldwide or judges could open the door to further levies

US president's tariffs to face Supreme Court challenge

The US Supreme Court is set to hear arguments on the legality of Donald Trump's unprecedented use of powers for sweeping global tariffs in a case striking at the heart of the president's economic agenda.

US • 03 Nov

Canada cuts lending rate to 2.25%, tariff hit 'evident'

Canada's central bank cut its key lending rate to 2.25% today, saying that while the global economy has shown resilience in response to President Donald Trump's trade war, "the impact is becoming more evident."

Business • 29 Oct

Adidas sales growth slows in North America as tariffs hit

Group sales at Adidas dipped 5% in North America in the third quarter, weighed down by the end of the popular Yeezy sneaker line last year and a volatile global environment affected by US tariffs.

Business • 29 Oct

Vans parent VF Corp beats quarterly estimates on demand

Vans parent VF Corp has today posted better-than-expected results for the second quarter, helped by strong demand for its footwear, bags and lifestyle apparel, even as economic uncertainty looms.

Business • 28 Oct

US President Donald Trump is greeted by Japanese Emperor Naruhito at the Imperial Palace in Tokyo, Japan

Trump meets emperor after arriving in Japan

US President Donald Trump has received a royal welcome in Japan, the latest leg of a five-day Asia trip which he hopes to cap with an agreement on a trade war truce with Chinese President Xi Jinping.

World • 28 Oct

Canada ready to resume trade talks with US - Carney

Canadian Prime Minister Mark Carney said that Canada stands ready to resume trade talks with the United States that President Donald Trump halted over an anti-tariff advertisement issued by Ontario's provincial government.

US • 24 Oct

a blue Volvo vehicle parked in front of a Volvo showroom

Volvo Cars smashes profit forecasts as cost cuts deliver

Volvo Cars smashed its third-quarter profit forecasts today, despite tariffs and tough competition, as sweeping cost cuts delivered faster than expected results, sending its shares soaring as much as 40%.

Business • 23 Oct

Recent company results are easing investor concerns over the toll of US President Donald Trump's import tariffs

Early Q3 earnings reveal businesses adapting to tariffs

Some of the world's biggest producers of food, consumer goods and cars have today delivered stronger than expected quarterly results today, easing investor concerns over the toll of US President Donald Trump's import tariffs.

Business • 23 Oct

Hasbro boosts annual forecasts on digital gaming demand

Hasbro has today raised its annual revenue and core profit forecasts, betting on Christmas season sales and demand for its digital gaming segment, even as macroeconomic uncertainties cast a gloom on spending among American shoppers.

Business • 23 Oct

A viewpoint over O Connell Bridge and Dublin City

Economy to grow faster than expected this year - Goodbody

The Irish economy will grow faster than anticipated this year as impact of US tariffs will not be as damaging as feared and the country "dodged a bullet" on US corporation tax changes, according to a new report by Goodbody Stockbrokers.

Business • 22 Oct

General Motors is betting that strong demand for its pickup trucks and SUVs would help counter a hit from US tariffs

General Motors raises 2025 core profit forecast

General Motors has lifted its financial outlook for the year and slightly lowered its expected hit from tariffs, as the car maker settles into a more stable trade landscape while confronting a dynamic electric vehicle market and new supply-chain snarls.

Business • 21 Oct

ECB's Lane flags dollar risk for banks amid tariff woes

Euro zone banks may come under pressure if US dollar funding - the lifeblood of financial markets - were to dry up, the European Central Bank's chief economist Philip Lane said today amid concern over US President Donald Trump's policies.

Business • 21 Oct

China's Q3 GDP growth slows to one-year low

China's economic growth slowed to the weakest pace in a year in the third quarter as fragile domestic demand left it heavily reliant on manufacturing production and exports, stoking concerns about deepening structural imbalances.

Business • 20 Oct

Trump says US will increase tariffs on Colombia

US President Donald Trump said he would raise tariffs on Colombia and stop all payments to it, escalating a feud that stems from the US military's strikes on vessels allegedly transporting drugs in the region.

World • 20 Oct

Donald Trump unveiled additional levies of 100% on China's US-bound exports a week ago

Trump says 100% tariffs on China not sustainable

US President Donald Trump said his proposed 100% tariff on goods from China would not be sustainable but blamed China for the latest impasse in trade talks that began with Beijing tightening control over its rare earth exports.

Business • 17 Oct