Sunday 26 May 2013
RAIFFEISEN Bank International chief executive officer Herbert Stepic offered to resign from eastern Europe's second-biggest lender, a day after officials began a probe into his investments through offshore accounts.
US authorities have launched a new inquiry into Google's advertising methods, amid accusations that the company breaches anti-trust laws there.
German business morale improved far more than expected in May, rebounding after two months of falls and suggesting Europe's largest economy is slowly picking up speed after a sluggish first quarter.
An American judge says there is strong evidence that Apple was involved in a conspiracy with publishers to fix the price of ebooks.
EUROPE'S top regulatory official is seeking to force large companies to disclose how much tax they pay in each country where they operate, a measure some politicians say could curb tax avoidance.
Irish and European stocks dropped after the Federal Reserve signalled it will scale back its stimulus if the US economy improves and as data showed Chinese manufacturing shrank.
NOBEL Laureate Edmund Phelps warned yesterday against the dangers of European Union membership as Iceland became the latest nation to question the sense of affiliation with a bloc mired in economic crisis.
CVC Capital Partners's plan to hold an initial public offering of Formula 1 may be hurt by a bribery investigation involving the car-racing series boss Bernie Ecclestone, reports have said.
THE Government will invest €6.9m in 62 research projects, including studies on 'big data' and genetically modified crops.
Shares in Halfords, the car-repair and bicycle business which operates here and in the UK, fell the most on record after announcing a surprise dividend reduction to boost investment in training workers, revamping stores and improving its web offering.
A HOST of technological advances means big changes are afoot in air travel. Chief among these is the widespread roll-out of on-board wifi.
Stock markets fell sharply yesterday as surprisingly weak data from China and Europe raised worries about slow growth a day after US Federal Reserve chief Ben Bernanke broached the possibility of reducing stimulus that has buoyed investor confidence.
THE European bailout fund should be used to pump more money into Irish banks if they require further capital, the IMF's Ajai Chopra has said.
IMF chief Christine Lagarde will be questioned by a French magistrate today over her role in a €285m arbitration payment made to a supporter of former president Nicolas Sarkozy. Ms Lagarde risks being placed under formal investigation at the hearing for her 2007 decision as Sarkozy's finance minister to use arbitration to settle a long-running court battle between the state and high-profile businessman Bernard Tapie.
EasyJet is making a bid for the corporate market. The budget carrier, which is already popular with tourists, is expanding its product range with new tickets that allow passengers to change their flights up until two hours before their scheduled departure.
Millions of Italians cannot afford to heat their homes or eat meat as their country is racked by recession and soaring unemployment, said a report which found the number of people considered seriously deprived had doubled in two years.
The International Monetary Fund called on Britain to do more to speed up slow economic recovery, hinting that the country might be able to afford to borrow more to fund investment.
Federal Reserve chairman Ben Bernanke said the US economy remains hampered by high unemployment and government spending cuts, and tightening policy too soon would endanger the recovery.
Yahoo's announcement that it will overhaul photo sharing service Flickr will have ramifications for advertisers on its website. The internet giant has planned sweeping reforms for Flickr in an attempt to entice more users over to the platform, which has faced stiff competition from rival Instagram but still has about 89 million users.
European Union leaders are set to urge faster integration of the bloc's power and natural-gas markets to lower energy prices as the US shale-gas revolution widens the EU's cost gap with its largest trading partner.
Samsung and LG Electronics are reworking their strategies for high-end TVs after spending billions of dollars on a new display technology that is behind schedule and costs almost $10,000 (€7,760) a set.
Shares in Pandora, the Danish maker behind the eponymous bracelets and charms, fell by the most in 15 months yesterday after its majority shareholder capitalised on the stock's strength by selling a 10pc stake.
BRITAIN'S FTSE 100 endured early weakness this morning, having hit 13-year highs in the previous session, as investors trade cautiously awaiting further clues from the US Federal Reserve over its outlook for its stimulus measures.
THE Turkish parliament has passed a "wealth amnesty" law designed to lure back funds held abroad by affluent Turks without punitive taxes and fines.
Louis Vuitton is losing ground as the world's most valuable luxury brand as competitors including Gucci and Prada gain, a new research report shows.
Shares in Marks & Spencer soared over 6pc yesterday even after it reported its lowest profits in four years.
OVER €21m was donated by 46 of Ireland's largest companies to charities and community groups last year, according to new research. Business in the Community Ireland has launched an interactive online map, which gives a county-by-county breakdown of how much companies and employees supported their local community groups and charities in 2012.
Intel's new chief executive, Brian Krzanich, has reorganised key business groups and created a "new devices" unit, according to a source who has seen an internal email, shaking up the world's top chipmaker days after formally assuming control.
EUROPEAN stock markets were nervous throughout yesterday, amid fears that the US could begin reining in stimulus tools designed to kick-start growth in the world's largest economy.
Bankers who make more than their bosses could be ensnared by European Union bonus curbs even if their total pay is less than €500,000, under proposals from the EU's top regulator of the industry.
The Bundesbank said Germany's economic recovery will gather pace in the current quarter after an exceptionally long winter damped growth at the beginning of the year.
THE SDLP is not expected to support a move to ban former terrorists from holding advisory positions at Stormont. Senior party sources have said it is "unlikely" they will back a private members' bill when it comes before the Assembly for a final vote tomorrow week.
Thursday, May 16
During a meeting of the Joint Oireachtas Committee on Health and Children held last Thursday, Health Minister James Reilly confirmed to me that on May 7 three of the most senior Fine Gael figures in our Government – Taoiseach Enda Kenny, Finance Minister Michael Noonan and Justice Minister Alan Shatter – had a 45-minute meeting with the Irish Tobacco Manufacturers Advisory Committee (ITMAC) – specifically with Steven Donaldson, Andrew Meagher and John Freda, the chiefs of PJ Carroll, John Player and Japan Tobacco International respectively.
Breakfast time in our house. The daughter who is about to do her Junior Cert is digesting her synopsised study notes judiciously. The son who is about to do his Leaving Cert is studying the back of the cornflakes box ruminatively.
A NEW book by Ivor Casey – Elvis and Ireland – was launched by Barry Devlin of Horslips at the Corner Note Cafe in Dalkey, Co Dublin, last week.
A child development expert who has viewed footage secretly filmed at three child creches that are the subject of an RTE Prime Time investigation said the videos showed inappropriate childcare practices at all of the facilities that could harm emotional and physical development.
A SENIOR official at Nama who was responsible for managing some of its biggest and most indebted borrowers has taken up a new job with a London-based property investment firm just weeks after leaving his position with the agency, the Sunday Independent can reveal.
FIANNA FAIL leader Micheal Martin risks losing two of his key lieutenants over the abortion issue, the Sunday Independent can reveal.
OFFICIALS acting on behalf of Ulster Bank tried unsuccessfully on "12 different dates" to serve Irish bankruptcy papers on former 'Baron of Ballsbridge' Sean Dunne in the weeks before he declared himself bankrupt in the United States, the Sunday Independent can reveal.
Warren Gatland is in playful form. "What the hell is Tinder?" He leans in with a whisper, his green-blue eyes widening.
Hi °C | Lo °C 