Business

The High Court has overturned a previous ruling that could have resulted in hundreds of thousands of euros in compensation being paid to former Debenhams employees. Judge Anthony Barr has overturned an Labour Court decision which ordered a clothing retailer…

Ireland’s pharmaceutical sector will be protected from US President Donald Trump’s tariffs thanks to a long-term multilateral agreement, the business minister has said. However, Peter Burke also noted that there is a plan that will be activated if the US…

Saudi Arabia’s state oil company Aramco has posted profits of $106.25 billion (€100 billion) in 2024, down 12 percent on the previous year, as falling energy prices now curb the kingdom’s multi-trillion-dollar development plans. Aramco, formally known as Saudi Arabian…

US President Donald Trump on Sunday announced five digital assets he intends to include in the country’s new strategic cryptocurrency reserve, causing their market value to surge. Trump announced on social media that his executive order, issued in January, would…

Microsoft said it would “retire” its online messaging and voice calling service Skype in May. The US tech giant said the move would allow it to focus on its cutting-edge online communications platform Teams, which provides virtual meeting tools as…

Aer Lingus parent International Airlines Group (IAG) said its operating profit increased by 22.1% last year to €4.3 billion. This is more than 3.5 billion euros in 2023. The company attributed the growth to “the successful execution of our transformation…

The three co-founders of Web Summit have agreed “in principle” to begin mediation ahead of a scheduled hearing to resolve the three men’s contentious disputes, the High Court has heard, but they still need to agree on a suitable mediator…

The central bank has imposed a €452,790 fine on the Irish unit of US investment group Cantor Fitzgerald for failing to report suspicious transactions that could indicate market abuse. From March 2017 to June 2023, Cantor repeatedly failed to record…

Smurfit WestRock CEO Tony Smurfit has been named Irish Times Business Person of the Year 2024, an award established in partnership with Bank of Ireland. In July, Dublin-based Smurfit Kappa, under Mr Smurfit’s leadership, formally merged with US partner WestRock…

According to the Central Statistics Office (CSO), as of January 2025, prices in Ireland had increased by 1.9% over the past 12 months. The data show that the inflation rate (the rate at which prices rise) has risen slightly since…