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Monday 25 September 2023 Dublin: 14°C

Business

This year
2023
Facebook parent company Meta and TikTok decline invite to Oireachtas committee
Twitter did not respond to the invite nor were they contactable by telephone.
Elon Musk tells BBC nearly 8,000 Twitter employees were laid off since his acquisition
Elon Musk said Twitter laid off “nearly 8,000″ employees since he took over as CEO, in an interview with the BBC.
Moral panic 'fizzled out' of Dungarvan after gardaí arrested woman over alleged false statement
A report by
Eoghan Dalton
Disinformation experts say the town is a textbook example of how the far-right attempts to exploit incidents.
Rumours circulated in recent weeks claiming that attacks were carried out in the town centre by migrant men.
In an unusual statement, gardaí said they were not aware of "any alleged spate of attacks by foreign nationals” and arrested a woman alleging she had "knowingly made a false report" about an incident.
Eoghan Dalton reports from Dungarvan on how locals feel about their town being the latest to become the centre of a national issue.
EU leaders insist eurozone banking sector is stable as shares plunge
Shares in several German, French and British banks have tanked.
Accenture to axe 19,000 jobs worldwide, including 400 in Ireland
The consulting firm employs over 6,500 people in Ireland.
Jacqueline Gold, founder of taboo-shattering Ann Summers brand, dies aged 62
The UK businesswoman died yesterday evening after seven years of treatment for breast cancer.
US banks shore up First Republic in attempt to avoid another bank failure
The move marks a dramatic initiative by the lenders to bolster the system following failures of three midsized lenders in the last week.
European Central Bank hikes interest rates for sixth time since last summer
The base interest rate in Ireland will now rise to 3%.
Mobile operator partly owned by Ryan Reynolds sold to T-Mobile for $1.3 billion
The acquisition of Mint Mobile’s parent company Ka’ena Corp will also include Ultra Mobile and wholesaler Plum.
European stock markets plunge as Credit Suisse stock drops to historic low
Eurozone equities tumbled more than 3% in value and the euro lost 1% against the dollar.
Irish Financial Stability Group to monitor effects of SVB collapse on Ireland
The bank had a significant number of Irish businesses among its clients but retail banks in Ireland have no exposure to SVB.
Mark Zuckerberg confirms a further 10,000 jobs are to be cut globally at Meta
The move comes around four months after Meta cut 11,000 jobs.
Silicon Valley Bank collapse stuns tech and banking worlds
The bank was a lender of money to tech startups, including a number of Irish firms.
Analysis: In the trial of Gary Lineker, he'll probably leave and critics will find another target
There are arguments on either side of the big UK debate writes Richard Sambrook.
International Women's Day: Does AI have a woman problem?
Fair representation in datasets a little-known battle front in the fight for equality, writes Sarah Jane Delany.
Shoppers buying fewer items per trip as grocery inflation hits record high at 16.4%
In contrast, at the same time last year, grocery inflation was only 2.4%.
Microsoft to cut additional 60 jobs from Irish workforce
It comes a month after the company cut 120 jobs in Ireland as part of global cost-cutting measures announced in January.
Nearly two-thirds of renters say rising costs have affected their ability to purchase property
55% of prospective homebuyers also point to rising costs as a stumbling block to finding a property.
AIB insists 'no special deals' for nearly 2,000 customers who received 90% debt write-down
The Oireachtas Finance Committee has questioned AIB on its policy on debt write-downs.
Ukraine war set to dominate G20 meeting of top diplomats
India appealed for all members of the fractured Group of 20 to reach consensus on issues of deep concern to poorer countries.
SpaceX Falcon 9 rocket blasts off for International Space Station
The SpaceX Dragon Crew-6 mission launched at 05:34 Irish time this morning from NASA’s Kennedy Space Centre.
Poll: Have you ever bought anything because an 'influencer' posted about it?
Research from the advertising watchdog reveals only one in 10 people have trust in what influencers post on social media.
The Journal's Redacted Lives podcast among nominees at 2023 Spider Awards
The winners will be announced this Friday in Dublin.
The Sunday Times to donate €25,000 to HIV Ireland following inaccurate article
An article in the paper wrongly claimed Angelo Andreucetti was addicted to heroin. He died from an AIDS-related illness in 1994.
Containment measures prevented spread of cyber attack across Virgin Media Television servers
In its statement last night Virgin Media Television stressed that the hack had been fully contained, “isolated and terminated”.
Laura Whitmore rapped by UK regulator for TikTok and Instagram posts about Irish gin
The ads for The Muff Liquor Company, seen in July, featured Whitmore drinking alcohol while dancing.
US tech giant Dell to cut 5% of its global workforce, around 6,650 employees
The computer firm employs over 5,000 people in Ireland.
Shell profits double to €38 billion in 2022, the highest in the company's 115-year history
The figure was more than double the amount in 2021.
Rare green comet to be visible from Ireland for the first time in 50,000 years
Travelling as far as possible away from cities and bright lights will increase your odds of a good view.
Bank of Ireland increasing fixed mortgage rates again
The banks’s fixed interest rates will increase by 0.75% for all new mortgage loan drawdowns.
Ulster Bank announces final closure dates for 63 branches across Ireland
Ulster Bank Chief Executive Jane Howard described the withdrawal of their services from communities as “poignant”.
Argos set to close all Irish outlets by June
The company employs around 580 people across 34 stores in Ireland.
Co-founder of collapsed crypto exchange pleads not guilty to fraud
FTX and its sister trading house Alameda Research went bankrupt in November, dissolving a virtual trading business that at one point had been valued by the market at $32 billion.
Last year
2022
U2 members buy out partner company in group's 'world class' visitor centre proposal
Planning documents lodged with the scheme expect that the centre would attract around 390,000 U2 fans to the capital each year.
Facebook Marketplace breaches EU antitrust laws, says Commission
The Commission said it takes issue with Meta tying Facebook Marketplace to the Facebook social networking service.
UK to cut banking controls and axe EU rules in bid for growth
British Chancellor Jeremy Hunt will unveil the reforms in Scotland tomorrow.
Newsletter: What's going on with plans to give workers a better work-life balance?
There was fury in the Dáil last night as the government was accused of watering down legislation.
A new transatlantic airline will begin flying from Belfast next summer
Flights will start to go on sale from the beginning of 2024.
FactCheck: Is the State the ‘biggest player in housing’?
The Taoiseach made this claim multiple times in the Dáil since 2021
Posting through it: The deepening absurdity of online billionaire behaviour
No amount of money can stop you from being cringe on the internet, writes Carl Kinsella.