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The IMF has lifted its 2025 projection to 3% - up from 2.8% in April - in its latest World Economic Outlook update

IMF ups 2025 global growth forecast on tariff distortion

The IMF has today raised its global growth forecast as efforts to circumvent Donald Trump's sweeping tariffs sparked a bigger-than-expected surge in trade, while the US president stepped back from some of his harshest threats.

Business • 29 Jul

UPS quarterly revenue and profit drop on China tariffs

United Parcel Service has today reported a decline in second-quarter profit and revenue, as demand took a hit from new "de minimis" tariffs on low-value Chinese shipments and mounting risks from President Donald Trump's trade policies.

Business • 29 Jul

Stellantis is exposed to 25% US tariffs on Mexico and Canada

Stellantis CEO sees more 'tough decisions' to fix company

Stellantis said today it expected higher net revenue and a low-single digit operating income margin in the second half despite increasing headwinds, as the car maker aimed for a gradual recovery after a tough first half.

Business • 29 Jul

Barclays profit up 23% as tariff turmoil lifts trading

Barclays' first-half profit rose by a better-than-expected 23%, the British bank said today, as its markets business reaped bumper returns from the frenzied trading activity sparked by US President Donald Trump's trade tariffs.

Business • 29 Jul

Philips said it expects an impact of €150-200m from US tariffs, lower than the €250-300m it estimated previously

Philips sees tariffs impact of €150-200m after US-EU deal

Dutch healthcare technology company Philips has today lowered its estimated impact from import tariffs after the US and the European Union agreed to the US imposing a 15% rate on most EU goods.

Business • 29 Jul

The 15% tariff is confirmed in a fact sheet published by the White House

US confirms 15% tariff for EU includes pharmaceuticals

The White House has confirmed that the 15% tariff agreed between the European Union and the United States includes pharmaceuticals and semiconductors.

Business • 29 Jul

Explained: Is the EU-US trade deal good for Ireland?

Yesterday the EU and US reached agreement on a framework deal that ends months of uncertainty and avoids a full-blown trade war between the two blocs, but is this deal a good one for Ireland?

Ireland • 28 Jul

Audi said it is still assessing the implications of the trade deal reached between the US and the European Union yesterday

Audi cuts forecast over US tariffs & restructuring costs

German automaker Volkswagen's premium brand Audi has today lowered its full-year financial guidance, citing the impact of higher US import tariffs and ongoing restructuring costs.

Business • 28 Jul

Taoiseach Micheál Martin speaking outside Government Buildings

Tariff deal avoids 'damaging trade war', says Taoiseach

Taoiseach Micheál Martin has said the new trade agreement reached between the US and EU means a "damaging trade war" has been avoided.

Ireland • 28 Jul

Heineken left its full-year guidance unchanged at 4% to 8% annual profit growth, saying that the impact of US tariffs had grown

Heineken cheers EU-US trade deal as tariff problems grow

Dutch brewer Heineken has today welcomed an EU-US trade deal and said it was weighing all options to deal with growing tariff challenges long-term, including shifting manufacturing.

Business • 28 Jul

Orbán: Trump 'ate' EU chief 'for breakfast' in talks

The framework trade agreement which the United States and the European Union signed yesterday is worse than the trade deal that the United Kingdom reached with the US earlier, Hungarian Prime Minister Viktor Orbán has said.

Europe • 28 Jul

Donald Trump and Ursula von der Leyen ahead of the talks

Tariffs aren't good news but it could have been worse

While the crucial EU-US trade deal announced this weekend does bring certainty for businesses, there are significant drawbacks.

Business • 28 Jul

Taoiseach Micheál Martin being interviewed

EU-US trade deal will help protect Irish jobs - Taoiseach

The Taoiseach has said the trade agreement reached between the EU and the US will "help protect many jobs in Ireland".

Business • 28 Jul

Donald Trump waves from the door of a plane

For 'the closer' to close, an EU-US deal needs sweetening

It was Ursula von der Leyen's late afternoon social media post that confirmed a deal is on, writes Washington Correspondent Sean Whelan.

US • 28 Jul

Remy Cointreau lifts profit view as sales grow

French spirits maker Remy Cointreau reported its first quarter of sales growth since early 2023 and raised its full-year profit guidance today as tariff threats receded.

Business • 25 Jul

LVMH's quarterly sales weaker than expected

Luxury bellwether LVMH has reported a slightly worse than expected 4% decline in quarterly sales, though CFO Cecile Cabanis expressed confidence for the rest of the year.

Business • 25 Jul

The Credit Union Consumer Sentiment Survey slipped to 59.1 in July from 62.5 in June - nearing April's two-year low of 58.7

Consumer sentiment drops to near two-year low in July

Consumer sentiment fell to a near two-year low in July as concerns about the cost of living and tariffs on European Union exports to the US weighed, a survey showed today.

Business • 25 Jul

Puma shares dive after warning of full year loss

Puma shares dropped 16% today after the German sportswear brand said it now expects an annual loss as sales decline and US tariffs dent profit.

Business • 25 Jul

Volkswagen today reported an operating profit of €3.8 billion in the quarter ended June 30, down 29% on the previous year,

Volkswagen lowers guidance as tariffs hit profit in Q2

Volkswagen has today reported a €1.3 billion first-half hit from tariffs and cut its full-year sales and profit margin forecasts in the German carmaker's first assessment of the damage from US President Donald Trump's trade war.

Business • 25 Jul

ECB keeps rates steady as trade conflict clouds outlook

The European Central Bank left interest rates unchanged today after cutting eight times in a year, biding its time while Brussels and Washington negotiate over trade.

Business • 24 Jul

EU diplomats believe a deal is likely with the US

EU states back €93bn reprisals if US trade talks fail

European Union member states have voted to approve counter-tariffs on €93 billion of US goods, which could be imposed should the bloc fail to reach a trade deal with Washington, EU diplomats said.

Business • 24 Jul

Firms expect impact from sweeping US regulatory changes

An overwhelming majority of Irish financial services organisations expect the sweeping regulatory changes emanating from the US to have an impact on Irish firms.

Business • 24 Jul

A screen showing the value and gains on the Tokyo Nikkei index

Tokyo's Nikkei soars to one-year peak on trade deal

Japanese car makers led a surge in the Nikkei share average to a one-year peak today, after Tokyo reached a trade deal with Washington, ending a months-long stalemate.

Business • 23 Jul

EU Trade Commissioner Maros Sefcovic is due to speak with US Commerce Secretary Howard Lutnick this afternoon

EU, US heading towards 15% tariff deal, EU diplomats say

The European Commission has said it remained focused on achieving a negotiated outcome in trade talks with the United States.

Business • 23 Jul

General Motoros, the biggest US automaker by sales, said it expects the US tariff impact to worsen in the third quarter

Trump tariffs take a $1 billion bite out of GM earnings

General Motors' second-quarter core profit fell 32% to $3 billion today, as the car maker continued to confront challenging tariff policies, which it said sapped $1.1 billion from the results.

Business • 22 Jul