https://www.rte.ie/news/business/en-ieRTÉ 2023-RTÉ Commercial Enterprises Ltd, Registration No: 155076, Donnybrook, Dublin 4, Ireland.Wed, 22 Nov 2023 10:00:30 +0000https://www.rte.ie/news/business/2023/1122/1417836-openai-sam-altman/OpenAI has reached an agreement for Sam Altman to return as CEO days after his sacking, capping frenzied discussions about the future of the startup at the centre of the artificial intelligence boom.Wed, 22 Nov 2023 06:34:24 +0000https://www.rte.ie/news/business/2023/1122/1417836-openai-sam-altman/Businesshttps://www.rte.ie/news/ireland/2023/1122/1417816-black-friday-sales/As Black Friday and Cyber Monday deals are being advertised, shoppers are being advised to watch out for scams as they search for a bargain, writes Consumer Affairs Correspondent Joe Mag Raollaigh.Wed, 22 Nov 2023 00:01:03 +0000https://www.rte.ie/news/ireland/2023/1122/1417816-black-friday-sales/Consumer Affairshttps://www.rte.ie/news/business/2023/1122/1417847-crh-to-sell-european-lime-operations/Building materials supplier CRH said today has agreed to sell its lime operations in Europe for about $1.1 billion to rival SigmaRoc.Wed, 22 Nov 2023 07:40:13 +0000https://www.rte.ie/news/business/2023/1122/1417847-crh-to-sell-european-lime-operations/Businesshttps://www.rte.ie/news/2023/1122/1417785-ibm-ai-training/IBM has announced a collaboration with Dublin City University and Fast Track into Information Technology to deliver training in Artificial Intelligence to adult learners.Wed, 22 Nov 2023 00:01:00 +0000https://www.rte.ie/news/2023/1122/1417785-ibm-ai-training/Irelandhttps://www.rte.ie/news/politics/2023/1121/1417820-prsi/The Government has signed off on a plan to increase PRSI over five years to replenish the Social Insurance Fund.Tue, 21 Nov 2023 23:18:34 +0000https://www.rte.ie/news/politics/2023/1121/1417820-prsi/Politicshttps://www.rte.ie/news/business/2023/1122/1417858-binance-ceo-quits/Binance chief executive Changpeng Zhao has pleaded guilty to US money laundering violations, in a deal that will see the cryptocurrency exchange he founded pay over $4 billion in penalties.Wed, 22 Nov 2023 08:23:51 +0000https://www.rte.ie/news/business/2023/1122/1417858-binance-ceo-quits/Businesshttps://www.rte.ie/news/business/2023/1122/1417861-britvic-annual-results/Soft drinks company Britvic has reported a 11.6% fall in its profit after tax for the year to the end of September, despite a jump in its revenue.Wed, 22 Nov 2023 08:55:58 +0000https://www.rte.ie/news/business/2023/1122/1417861-britvic-annual-results/Businesshttps://www.rte.ie/brainstorm/2023/1122/1417786-black-friday-sales-offers-consumer-psychology/Part of the appeal is how the adverts tap into the psychology of how we value and spend moneyWed, 22 Nov 2023 09:24:10 +0000https://www.rte.ie/brainstorm/2023/1122/1417786-black-friday-sales-offers-consumer-psychology/Black Fridayhttps://www.rte.ie/news/business/2023/1122/1417851-nvidia-outlook-beats-expectations-china-worries-linger/Chip designer Nvidia said it expects a steep drop in fourth-quarter sales in China - a key revenue generator - in the wake of new US rules, but forecast overall revenue above Wall Street targets as supply-chain issues ease.Wed, 22 Nov 2023 08:07:13 +0000https://www.rte.ie/news/business/2023/1122/1417851-nvidia-outlook-beats-expectations-china-worries-linger/Businesshttps://www.rte.ie/news/business/2023/1122/1417846-uk-autumn-statement/The British government is today expected to announce long-awaited tax cuts to encourage growth.Wed, 22 Nov 2023 07:33:21 +0000https://www.rte.ie/news/business/2023/1122/1417846-uk-autumn-statement/Businesshttps://www.rte.ie/news/business/2023/1122/1417844-kingfisher-group-cuts-outlook/European home improvement retailer Kingfisher has today downgraded its full-year profit outlook for the second time in three months, blaming a weaker-than-expected retail market in France.Wed, 22 Nov 2023 07:26:14 +0000https://www.rte.ie/news/business/2023/1122/1417844-kingfisher-group-cuts-outlook/Businesshttps://www.rte.ie/news/business/2023/1122/1417849-sas-gets-us-court-nod-for-1-2-billion-lifeline/Scandinavian airline SAS said it has received US bankruptcy court approval for its 13.2 billion Swedish crowns ($1.3 billion) investment agreement with a consortium of Castlelake, Air France-KLM, Lind Invest and the Danish state.Wed, 22 Nov 2023 07:59:53 +0000https://www.rte.ie/news/business/2023/1122/1417849-sas-gets-us-court-nod-for-1-2-billion-lifeline/Businesshttps://www.rte.ie/news/business/2023/1122/1417880-ey-renewable-energy-country-attractiveness-index/The latest EY Renewable Energy Country Attractiveness Index shows that Ireland continues to climb the index rankings as it rose one place to stand at 12th position.Wed, 22 Nov 2023 09:58:16 +0000https://www.rte.ie/news/business/2023/1122/1417880-ey-renewable-energy-country-attractiveness-index/Businesshttps://www.rte.ie/news/business/2023/1121/1417751-european-commission-fiscal-policies/Euro zone fiscal policy will be tighter on aggregate next year but several countries, including France and Italy, plan to spend too much, breaking EU recommendations, the European Commission said today after analysing draft euro zone 2024 budgets.Tue, 21 Nov 2023 14:56:46 +0000https://www.rte.ie/news/business/2023/1121/1417751-european-commission-fiscal-policies/Businesshttps://www.rte.ie/news/business/2023/1121/1417576-business-confidence-in-experience-economy-weakens/A quarter of businesses in the "experience economy" are less confident than they were six months ago, new research has found.Tue, 21 Nov 2023 05:00:00 +0000https://www.rte.ie/news/business/2023/1121/1417576-business-confidence-in-experience-economy-weakens/Businesshttps://www.rte.ie/news/business/2023/1121/1417634-crh-third-quarter-results/CRH, the largest building materials producer in the US and Europe, has today announced a $2.1 billion acquisition of building materials assets in the high-growth Texas market and upgraded its full year core profit guidance.Tue, 21 Nov 2023 07:29:31 +0000https://www.rte.ie/news/business/2023/1121/1417634-crh-third-quarter-results/Businesshttps://www.rte.ie/news/business/2023/1121/1417766-mechanical-workers-pay-deal/Pay increases worth 12.7% have been agreed for plumbers, pipefitters and welders in a deal that runs from January 2023 until 2026.Tue, 21 Nov 2023 16:04:04 +0000https://www.rte.ie/news/business/2023/1121/1417766-mechanical-workers-pay-deal/Businesshttps://www.rte.ie/news/regional/2023/1121/1417789-dundalk-jobs/200 new jobs are to be created in Dundalk by electrical engineering firm Anord Mardix.Tue, 21 Nov 2023 17:38:15 +0000https://www.rte.ie/news/regional/2023/1121/1417789-dundalk-jobs/Regionalhttps://www.rte.ie/news/business/2023/1121/1417586-shopping-scam-check/A new online service designed to prevent shoppers from being scammed has been launched.Tue, 21 Nov 2023 00:01:00 +0000https://www.rte.ie/news/business/2023/1121/1417586-shopping-scam-check/Businesshttps://www.rte.ie/news/business/2023/1121/1417799-pay-related-unemployment-payments/The Irish Congress of Trade Unions has said it strongly supports moving away from flat-rate to pay-related social welfare benefits for PAYE workers.Tue, 21 Nov 2023 18:26:58 +0000https://www.rte.ie/news/business/2023/1121/1417799-pay-related-unemployment-payments/Businesshttps://www.rte.ie/news/business/2023/1121/1417649-smbc-aviation-capital/SMBC Aviation Capital placed an order for 60 Airbus A320neo family aircraft, the world's second largest aircraft leasing firm said today, without disclosing the financial details of the deal.Tue, 21 Nov 2023 08:25:03 +0000https://www.rte.ie/news/business/2023/1121/1417649-smbc-aviation-capital/Businesshttps://www.rte.ie/news/technology/2023/1121/1417727-ai-awards/Software to protect children from cyberbullying, a wearable device to diagnose Parkinson's Disease and educational tools for literacy were among the winners of this year's AI Awards.Tue, 21 Nov 2023 13:04:21 +0000https://www.rte.ie/news/technology/2023/1121/1417727-ai-awards/Science and Technologyhttps://www.rte.ie/news/business/2023/1121/1417754-profits-more-than-double-at-convention-centre-dublin/Pre-tax profits at the company that operates the Convention Centre Dublin (CCD) last year more than doubled to €15.24m as over 95,000 people attended the centre across 109 events.Tue, 21 Nov 2023 15:17:35 +0000https://www.rte.ie/news/business/2023/1121/1417754-profits-more-than-double-at-convention-centre-dublin/Businesshttps://www.rte.ie/news/2023/1121/1417605-right-to-repair/The European Parliament has overwhelmingly backed draft legislation which will strengthen the rights of consumers to seek a repair of goods instead of a replacement.Tue, 21 Nov 2023 00:01:43 +0000https://www.rte.ie/news/2023/1121/1417605-right-to-repair/Europehttps://www.rte.ie/news/business/2023/1121/1417723-openai-events-bring-rules-debate-into-focus/As the European Union edges closer to passing a wide-ranging set of laws governing artificial intelligence, politicians and experts say the surprise ousting of OpenAI CEO Sam Altman underscores the need for strict rules.Tue, 21 Nov 2023 12:46:25 +0000https://www.rte.ie/news/business/2023/1121/1417723-openai-events-bring-rules-debate-into-focus/Businesshttps://www.rte.ie/news/business/2023/1121/1417768-profits-at-stryker-ireland-increase-30-to-58-6m/Pre-tax profits at one of the largest private employers in Cork, Stryker Ireland last year increased by 30% to €58.6m.Tue, 21 Nov 2023 16:14:03 +0000https://www.rte.ie/news/business/2023/1121/1417768-profits-at-stryker-ireland-increase-30-to-58-6m/Businesshttps://www.rte.ie/news/business/2023/1121/1417635-eu-car-sales-figures/New car sales in the European Union rose 14.6% in October, boosted in part by a big jump in sales of fully electric cars, while hybrid electric vehicles accounted for nearly three of every 10 vehicles sold in the economic bloc.Tue, 21 Nov 2023 07:33:42 +0000https://www.rte.ie/news/business/2023/1121/1417635-eu-car-sales-figures/Businesshttps://www.rte.ie/news/business/2023/1121/1417636-monte-dei-paschi-di-siena-stake-sale/Italy has sold a 25% stake in bailed-out Monte dei Paschi di Siena, raising €920m and advancing plans to re-privatise the world's oldest bank two years after a failed first attempt.Tue, 21 Nov 2023 07:47:10 +0000https://www.rte.ie/news/business/2023/1121/1417636-monte-dei-paschi-di-siena-stake-sale/Businesshttps://www.rte.ie/news/business/2023/1121/1417780-uk-minimum-wage-to-jump-10-to-11-44-pounds-per-hour/Britain's national minimum wage will increase by 10% to 11.44 pounds per hour from 10.42 pounds, the government's Treasury department said today.Tue, 21 Nov 2023 16:52:20 +0000https://www.rte.ie/news/business/2023/1121/1417780-uk-minimum-wage-to-jump-10-to-11-44-pounds-per-hour/Businesshttps://www.rte.ie/news/business/2023/1121/1417741-ambercrombie-fitch-results/Abercrombie & Fitch has today raised its annual net sales growth forecast, signaling strong demand for its lifestyle brands heading into the crucial Christmas shopping season.Tue, 21 Nov 2023 14:12:02 +0000https://www.rte.ie/news/business/2023/1121/1417741-ambercrombie-fitch-results/Businesshttps://www.rte.ie/news/business/2023/1121/1417729-medtronic/Medtronic has today beaten second-quarter profit and revenue estimates and raised its annual earnings forecast, banking on strong sales in its surgical and diabetes units.Tue, 21 Nov 2023 13:02:01 +0000https://www.rte.ie/news/business/2023/1121/1417729-medtronic/Businesshttps://www.rte.ie/news/ulster/2023/1121/1417679-dup-northern-ireland/Unionists need to recognise that they will not get all they want from the British government in negotiations over post-Brexit trading arrangements, former DUP leader Peter Robinson has said.Tue, 21 Nov 2023 10:23:18 +0000https://www.rte.ie/news/ulster/2023/1121/1417679-dup-northern-ireland/Ulsterhttps://www.rte.ie/news/business/2023/1121/1417672-iag-capital-markets-day/Aer Lingus and British Airways-owner IAG said today it would see a medium-term operating margin of 12% to 15%.Tue, 21 Nov 2023 09:49:29 +0000https://www.rte.ie/news/business/2023/1121/1417672-iag-capital-markets-day/Businesshttps://www.rte.ie/news/business/2023/1121/1417693-ecb-on-commercial-property-sector/The euro zone's sinking commercial property sector could struggle for years, the European Central Bank said today, posing a threat to the banks and investors which financed it.Tue, 21 Nov 2023 11:14:20 +0000https://www.rte.ie/news/business/2023/1121/1417693-ecb-on-commercial-property-sector/Businesshttps://www.rte.ie/news/business/2023/1121/1417697-northvolts-battery-less-dependent-on-rare-minerals/Swedish battery group Northvolt said today it had developed a new sodium-ion battery, a technology using less critical minerals which could lessen dependence on China.Tue, 21 Nov 2023 11:28:04 +0000https://www.rte.ie/news/business/2023/1121/1417697-northvolts-battery-less-dependent-on-rare-minerals/Businesshttps://www.rte.ie/news/business/2023/1121/1417703-world-oil-prices/Oil fell today, reversing steep gains made in the past two sessions, as investors turned cautious ahead of a meeting of OPEC+ this Sunday when the producer group may discuss deepening supply cuts due to slowing global growth.Tue, 21 Nov 2023 11:46:29 +0000https://www.rte.ie/news/business/2023/1121/1417703-world-oil-prices/Businesshttps://www.rte.ie/news/business/2023/1121/1417577-nostra-buys-cork-based-it-firm-compunet/IT service provider Nostra has bought Cork based IT managed service provider Compunet.Tue, 21 Nov 2023 05:00:00 +0000https://www.rte.ie/news/business/2023/1121/1417577-nostra-buys-cork-based-it-firm-compunet/Businesshttps://www.rte.ie/news/business/2023/1121/1417671-ups-access-point-launches-in-ireland/UPS said it will open 300 new locations for deliveries and collection around the country.Tue, 21 Nov 2023 09:39:29 +0000https://www.rte.ie/news/business/2023/1121/1417671-ups-access-point-launches-in-ireland/Businesshttps://www.rte.ie/news/business/2023/1121/1417732-shoppers-encouraged-to-buy-local-on-black-friday/40% of shoppers plan to get their Christmas gifts in the Black Friday sales this week, new research shows.Tue, 21 Nov 2023 13:36:15 +0000https://www.rte.ie/news/business/2023/1121/1417732-shoppers-encouraged-to-buy-local-on-black-friday/Businesshttps://www.rte.ie/news/2023/1121/1417629-musk-anti-semitism/Elon Musk's X Corp has sued non-profit Media Matters for allegedly driving advertisers away from the platform formerly known as Twitter by portraying it as rife with anti-Semitic content.Tue, 21 Nov 2023 07:15:56 +0000https://www.rte.ie/news/2023/1121/1417629-musk-anti-semitism/World