Business

President Donald Trump said Tuesday that the United States plans to impose a “small tariff” on pharmaceutical imports, rising to 150 percent over 18 months and then 250 percent thereafter, to encourage domestic production. “In a year, a year and…

Guinness beer maker Diageo is set to expand its cost-cutting plans after reporting a fall in profits following a “challenging year” during which the previous boss stepped down. It comes after the company, also known for Johnnie Walker whisky and…

European stock indexes fell sharply amid a negative reaction in global financial markets caused by the introduction of another round of major trade tariffs by US President Donald Trump. London’s FTSE 100 index fell 0.6% in early trading on Friday,…

Aer Lingus parent IAG on Friday reported better-than-expected second-quarter profit on strong demand for its transatlantic routes despite concerns about the fallout from US President Donald Trump’s tariff war. European carriers have largely avoided tariff worries, with Air France-KLM and…

Later on Thursday, Tánaiste Simon Harris will hold meetings with the Northern Executive to discuss trade deals with the US. The focus will be on the possibility of two different tariffs being introduced on the island, which Mr Harris said…

The High Court has rejected an application for an injunction that would have prevented a rival radio station from using the GHR trademark. Choice Broadcasting Ltd, part of the group that owns Radio Nova and Sunshine 106.8, also operates Classic…

Former footballer and businessman Gary Neville said conditions were “really tough” for UK companies due to rising costs and low profitability. After finishing his career with England and Manchester United, he built up a significant business empire, including commercial property,…

Bank of Ireland reported a 33% drop in first-half profit as net interest income fell. First-half pre-tax profit fell to €721 million from €1.1 billion in 2024 following a series of rate cuts by the European Central Bank. Bank of…

Hotelier Noel O’Callaghan claims in Commercial Court proceedings that his two sons, who took over his affairs in 2016, isolated him and prevented him from exercising his right to regain control. Mr O’Callaghan, 74, retired in 2016 from the business…

Entrepreneur Paddy McKillen Jr is fighting a legal battle in the commercial court against administrators over the seizure of three valuable Dublin office buildings, which is believed to be linked to millions in unpaid rent. Perfect Stripe Ltd, trading as…