BreakingNews.ie : Business (38)

OECD warning over risks of raising interest rates

Interest rate setters face a "difficult balancing act" amid the threat of a potential housing market correction and risks to the wider economy from raising borrowing costs, according to an influential think tank.

Here are the new 10-year fixed rate mortgages on offer from KBC Bank Ireland

KBC Bank Ireland are to offer a new 10-year fixed mortgage to both existing and new mortgage customers.

Paddy Power's McGregor/Mayweather ad banned by British watchdog

A Paddy Power ad ahead in the UK of Floyd Mayweather's bout with Conor McGregor urging readers to "Always Bet on Black" has been banned for the likelihood of it causing serious offence.

Tata Steel and Thyssenkrupp plan merger

Tata Steel and German firm Thyssenkrupp have taken the first step towards a merger deal by signing a memorandum of understanding.

Ryanair passengers 'told to pay twice for extras when re-booking'

Some Ryanair passengers who re-booked flights after the airline announced mass cancellations have reported having to pay again if they had chosen to pick seats or take hold luggage.

Global insurance firm XL group makes Dublin its post Brexit home

A global insurance giant has picked Dublin as its new post-Brexit base.

US current account deficit soars to levels not seen since 2008

The deficit in the broadest measure of US trade rose to the highest level in more than eight years this spring.

British watchdog clears KPMG of any wrongdoing in HBOS audit

KPMG has been cleared by the British accounting watchdog over its auditing of HBOS in the run-up to the lender’s near collapse in the 2008 financial crisis.

Toys'R'Us files for bankruptcy protection in US and Canada

Retail giant Toys'R'Us has filed for bankruptcy protection in the US and Canada after struggling amid mammoth debts and online competition.

Car sharing firm expands into 16 more counties around the country

A car sharing company has announced it is expanding its service outside of Dublin and Cork, to cover 16 more counties.

Ryanair facing compensation bill of up to €20m for cancelled flights

Ryanair faces a compensation bill of up to €20m for the flight cancellations 'mess' which has left many passengers stranded, the airline's boss Michael O'Leary said.

LinkedIn create 70 jobs in Dublin HQ

70 jobs are being created at LinkedIn's headquarters in Dublin.

Unrealistic to fire under performing employees says expert

Management experts are warning it may be impossible to follow through on threats to fire under-performing civil servants.

Seven in 10 Irish fail to make will

Some seven in 10 Irish people do not have a will — including a third of over 55s, according to a survey by insurance fund Royal London.

Sale of Elysian set to surpass €100m

Ireland's tallest building, the Elysian Tower in Cork city, is expected to fetch more than €100m when it goes on sale in the coming weeks.

IBEC welcomes call for transitional Brexit deal for UK

A group representing Irish business has welcomed a call from the UK for the country to remain in the single market and customs union for a transitional period after Brexit.

Latest: Ryanair to issue new list of cancelled flights tomorrow

Latest: Ryanair will be issuing another list of cancelled flights tomorrow, the airline has announced.

Latest: 'Heartbroken' Ryanair passenger claims customers have been 'treated appallingly'

Latest: Furious Ryanair travellers have demanded that the budget airline provide immediate clarity over cancelled flights.

Latest: Regulator outlines how some Ryanair passengers can get compensation due to cancellations

Latest: The Commission for Aviation Regulation has said some passengers who have had their flights cancelled by Ryanair may be entitled to compensation, "depending on the notice period" given by the airline.

Moody's upgrades Ireland's credit rating to A2 status

The credit ratings agency Moody's has today upgraded Ireland's sovereign rating to A2 from A3 .

Tech and bank stocks give Wall Street a lift despite Hurricane Harvey impact

US stocks edged higher today as technology companies and banks rose with the Standard & Poor's 500 index closing above 2,500 for the first time as stocks had one of their best weeks this year.

Ryanair to cancel up to 50 flights a day for next six weeks

Ryanair is to cancel up to 50 flights a day for the next six weeks. Fianna Fáil Spokesperson on Transport Robert Troy has accused Ryanair of "failing in their duty of care to passengers".

B&Q owner Kingfisher to reveal profits fall

Profits at B&Q owner Kingfisher are expected to tumble when the DIY firm reports half year results next week, after it was hit by wetter than usual summer weather and amid a slowing property market.

Aircraft maker Bombardier to get rid of nearly 100 jobs in Northern Ireland

Almost 100 jobs are being shed in Northern Ireland by aircraft manufacturer Bombardier. Managers and professional support staff will be affected, a company statement said.

Aircraft manufacturer cutting 100 jobs in Northern Ireland

Almost 100 jobs are being shed in Northern Ireland by aircraft manufacturer Bombardier. Managers and professional support staff will be affected, a company statement said.

B&Q profits expected to tumble

Profits at B&Q owner Kingfisher are expected to tumble when the DIY firm reports half year results next week, after it was hit by wetter than usual summer weather and amid a slowing property market.

Burberry president claims 'enormous' potential for growth after Brexit

There is "enormous" potential for growth after Brexit but tougher immigration rules must not prevent the ability to work with people from around the world, the president of Burberry said.

Google faces gender-based pay discrimination claims

Google is facing a new US lawsuit accusing it of gender-based pay discrimination.

Capital review will identify where spending best allocated: Minister

Finance Minister Paschal Donohoe says a mid-term capital spending review will identify the best ways to spend an additional €4.1bn earmarked on transport, education and housing in the coming years.

Nearly half in UK 'have not mastered digital skills most jobs require'

Almost half of people do not have the digital skills needed for most jobs, a new report says.

Planning underway for Limerick solar farm

The project is expected to cost up to €30million.

Latest: Apple committed to €850m data centre in Galway, says Government

Latest: Fine Gael have confirmed that Apple remains committed to its €850m data centre investment in Co Galway.

Murdoch's Sky bid faces in-depth competition probe

Rupert Murdoch's £11.7bn bid to take full control of Sky through 21st Century Fox will be referred to the UK competition watchdog for an in-depth probe, British Culture Secretary Karen Bradley has confirmed.

Government denies Apple has threatened to pull out of building €850m centre in Athenry

Latest: The government has denied that Apple has threatened to pull out of building its Athenry data centre due to planning delays.

Surveyors call for 'radical' action on housing crisis

The Society of Chartered Surveyors has called for a zero Vat rate for building affordable' homes as it warned pent-up demand could mean the housing crisis will last almost 10 years.

Dairy can save €171m energy costs

Irish dairy farmers could save €171m on energy costs within 10 years via remote monitoring and controlling of their milk tanks, according to Dairymaster.

James Brokenshire says British Govt 'working tirelessly' to safeguard Bombardier in Belfast

The British Government is "working tirelessly" to safeguard Bombardier's operations and its highly skilled workforce in Belfast, the Northern Ireland Secretary has said.

Shannon Airport welcomes two new services to Canada and Spain

Two airlines have announced new services from Shannon Airport.