RTÉ Business
Latest crypto news and market updates from RTÉ Business.
Google fined €403m by data watchdog for location trackingTech giant Google has been fined €403m by the Data Protection Commission over the processing of location data.RTÉ Business
Nestle mulls options after move to seize Russia businessNestle said today it was weighing all options to protect its rights after the Kremlin's decision to take control of the Swiss food maker's Russian business, the latest move against a Western company since the war in Ukraine began.RTÉ Business
Bank of Japan lifts interest rates to 31-year highThe Bank of Japan raised interest rates to a 31-year high today and signalled its readiness to keep pushing up borrowing costs, joining other major central banks in fighting persistent inflation pressures driven by soaring oil costs.RTÉ Business
Oil slips on US stock build, Mideast disruptions in focusOil prices fell today, retreating after a two-day rally following an unexpectedly large build in US crude inventories, while supply disruptions in the Middle East lingered.RTÉ Business
UK jobs market stays soft before Bank of England decisionBritain's labour market remains weak with job vacancies falling to a four-year low and pay growth holding steady, official data showed today, days before a Bank of England interest rate announcement.RTÉ Business
Oil up as Saudi pipeline outage, attacks heighten fearsOil prices rose today as concerns over supply disruptions persisted after attacks on Saudi Arabian energy infrastructure left the kingdom's East-West pipeline offline and cast doubt on efforts to ease shipping risks in the Gulf.RTÉ Business
Oil up over 3% after new strikes on Saudi, HormuzOil prices rose more than 3% today, after new Houthi strikes on Saudi Arabia and Iranian attacks on ships in the Gulf compounded supply concerns following the closure of a key Saudi oil pipeline.RTÉ Business
US consumer inflation picks up in AugustUS consumer prices accelerated in August as the cost of gasoline rebounded after two monthly declines in a row, bolstering financial market expectations that the Federal Reserve could raise interest rates next week.RTÉ Business
Doomsday tech - could AI really kill us all?Stark warnings from artificial intelligence researchers that advanced forms of the technology could wipe out humanity have raised questions over whether governments are moving fast enough to regulate it.RTÉ Business
Watchdog set up Downing St listing to expose security gapA British consumer watchdog has said it uncovered "systemic security failures" on Booking.com after it was able to set up and accept payment for a fake listing for 10 Downing Street.RTÉ Business
Euro zone inflation rises above 3% on higher energy costsEuro zone inflation rose back above 3% in August on higher energy costs, cementing an already solid case for another European Central Bank interest rate hike this month as the Iran war keeps putting upward pressure on prices.RTÉ Business
Google changes spam policy in EU to avert antitrust fineAlphabet's Google today said it had changed its spam policy in Europe to address EU concerns that could have resulted in an antitrust fine.RTÉ Business
Stripe, Advent consortium said to drop pursuit of PayPalA consortium of payment processor Stripe and buyout firm Advent has decided to abandon its pursuit of fintech pioneer PayPal, Bloomberg News has reported, citing people familiar with the matter.RTÉ Business
Nvidia forecasts quarterly revenue above estimatesNvidia has forecast a 70% jump in revenue next fiscal year, underscoring unabated demand for AI computing, while warning that shortages of memory components would continue to curb how quickly it can expand.RTÉ Business
Meta reaches $16.68bn settlement over social media harmsMeta Platforms has agreed to pay a maximum $16.68 billion and make major changes to Facebook and Instagram to resolve claims by states across the US that it designed those platforms to addict children, misled consumers about their safety and improperly collected children's personal data.RTÉ Business