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FinanceFinance
Revolut Secures Conditional Approval for US Banking Charter
London-based fintech giant Revolut has received preliminary approval from US regulators to operate as a licensed bank, marking a significant milestone in its American expansion strategy.
Government Unveils State-Backed Savings and Investment Scheme Details
The Irish Government has revealed preliminary details of a new State-supported savings and investment programme designed to boost household saving rates among citizens.
NTMA to Auction Government Bonds Seeking Up to €1.25 Billion This Week
Ireland's National Treasury Management Agency will conduct a bond auction on 3 September, targeting between €1 billion and €1.25 billion in funding.
State Savings Products to Offer Higher Interest Rates as Prize Bond Fund Expands
The National Treasury Management Agency has announced increased interest rates on new State Savings products and an expanded Prize Bond fund, with changes taking effect ahead of a planned new savings and investment scheme.
ECB Warns AI Stock Correction Could Test Policy Response Capacity
The European Central Bank has issued a warning that excessive valuations in US technology stocks driven by artificial intelligence hype are vulnerable to a sharp correction, with limited fiscal and monetary tools available to cushion the economic fallout.
Alphabet Prepares First Australian Dollar Bond Issue
Google parent company Alphabet has appointed investment banks to arrange its first-ever bond denominated in Australian dollars, according to communications from participating institutions.
Industry
Vertiv Announces 300-Job Expansion at Donegal Manufacturing Facility
Technology infrastructure manufacturer Vertiv plans significant expansion of its Letterkenny operations, creating 300 new positions in northwest Ireland's manufacturing sector.
BMW Announces Voluntary Redundancy Programme Affecting Germany Operations
German premium automaker BMW has confirmed plans to reduce its workforce by several thousand employees through a voluntary redundancy scheme running until 2027.
Oleg Deripaska: The Russian Figure Behind Limerick’s Aughinish Alumina
Oleg Deripaska, founder of Rusal which owns Limerick's Aughinish Alumina plant, remains influential in Russian business despite stepping down as leader seven years ago.
Poolbeg Incinerator Profits Surge 22% on Electricity Price Gains
Dublin's Poolbeg waste-to-energy facility recorded pre-tax profits of €41 million in 2023, driven primarily by elevated electricity market prices across Ireland.
Recent postsLatest
EU Proposes Parental Consent Rule for Social Media Users Under 15
The European Union is preparing to introduce mandatory parental consent for children under 15 seeking to open social media accounts, as part of new draft regulations addressing youth online safety.
Software Developer Warns Job Security Illusion After Achieving Three-Hour Work Day
Michael Houghton, an Irish software developer who successfully engineered a condensed three-hour working schedule, has issued a stark warning about the vulnerability of the technology sector as professionals now compete for scarce opportunities.
Hugo Boss Chairman Stephan Sturm to Depart Following Shareholder Discussions
German fashion house Hugo Boss announces the departure of Chairman Stephan Sturm following what the company describes as constructive discussions amid recent corporate changes.
Greencoat Renewables reports €11.9m first-half profit as renewable portfolio expands
Dublin-listed renewable energy investor Greencoat Renewables has announced profits of €11.9 million for the first six months of 2026, demonstrating continued growth in Ireland's green energy sector.
Trump Clarifies Whiskey Tariff Relief Applies Exclusively to Ireland, Not EU
US President Donald Trump has confirmed that the recently announced removal of tariffs on Irish whiskey is specific to Ireland alone and does not extend to other European Union member states.
Diesel Surges Past €2 Per Litre Across Ireland as Motorists Face €235 Annual Cost Increase
AA Ireland has issued a stark warning as diesel prices breach the €2 per litre threshold at the majority of Irish filling stations, with average drivers set to absorb an additional €235 in annual fuel costs.
AI Companies Face Growing Concerns Over Uncontrolled Algorithm Development
Leading artificial intelligence developers including OpenAI and Anthropic are grappling with the potential consequences of autonomous code progression and self-evolving AI systems that may exceed human oversight capabilities.
American Eagle shares slump despite celebrity-backed denim marketing push
US clothing retailer American Eagle faces mounting pressure as inventory challenges force heavy discounting, even as high-profile celebrity endorsements fail to lift investor confidence.
How a Senior Technology Analyst Embarked on BearingPoint’s Graduate Programme
Laura Kealy, a senior technology analyst at BearingPoint, shares her unconventional career path and experience joining the consultancy firm's graduate programme despite already holding a senior role.
Nestlé Implements Price Rises and Product Cuts as Middle East Conflict Drives Cost Pressures
Global food giant Nestlé is raising prices, reformulating products and discontinuing certain items as CEO Philipp Navratil cites escalating energy, freight and raw material costs linked to ongoing Middle East conflict.