Business

As the US prepares to elect a new president, many analysts have outlined what a Trump victory could mean for the global economy. What, on the other hand, could Europe expect from Harris? ADVERTISEMENT “My presidency would not be a continuation of Joe Biden’s presidency,” said Democratic candidate Kamala Harris last month, speaking to Fox News. In terms of domestic …

The Nordic countries along with the Baltic region are both leading contenders in the contest to become Europe’s centre for digital technology. ADVERTISEMENT In the intensely competitive battle to reap the rewards from digital technology and innovation, Europe is constantly on the look out for new unicorns. These are the privately owned tech start-ups valued at more than $1bn (€920m).  …

The US election will certainly impact stock markets and government bonds. Here’s a detailed look at the potential reactions of these financial instruments under different outcomes. ADVERTISEMENT Markets have been preparing for the US presidential election throughout the month, with mounting uncertainties creating significant volatility. The close race between Trump and Harris has led investors to shift towards safe-haven assets …

Colm McLoughlin, the Irishman who led Dubai Duty Free to become an airport retail giant. ADVERTISEMENT The Irishman who landed in the deserts of the United Arab Emirates and helped lead Dubai Duty Free into becoming an airport retail behemoth generating billions of dollars, has died. Colm McLoughlin was 81. McLoughlin ran Dubai Duty Free from 1983 until he retired …

Microsoft said that the new roles at its Dublin office will focus on cybersecurity and artificial intelligence (AI). ADVERTISEMENT Microsoft is to create 550 new roles within engineering and research and development at its Dublin office over the next three to four years. The new posts will focus on cybersecurity and artificial intelligence services which will then be offered to …

Market sentiment soured amid uncertainties surrounding next week’s US election, exerting pressure on stock markets. The euro strengthened due to rising inflation, while the US dollar weakened ahead of the upcoming non-farm payroll report. ADVERTISEMENT Global markets extended their losses for the week, with uncertainties surrounding the impending US presidential election. Major benchmarks across the US and Europe appear set …

The US election could significantly impact financial markets, influencing currencies, stocks, and commodities. Here are some potential market reactions to different election outcomes. ADVERTISEMENT With less than a week to go until the US presidential election, financial markets are anticipating a potential Trump victory. The term “Trump Trade” has gained popularity among investors as his proposed policies – including those …

US tech giant Apple saw sales in China extend a decline, while Amazon topped market expectations with strong guidance. ADVERTISEMENT Apple and Amazon have reported their September-quarter earnings with mixed results, shedding light on the intensifying race in artificial intelligence (AI) and challenges in China. Apple shares dipped 2% in after-hours trading due to ongoing weakness in China’s sales and …

The European Commission says it has fined the Israeli generic drug maker, Teva, more than €460m for improperly seeking to protect the patent for its multiple sclerosis drug and for disparaging a rival company’s development of a competing medicine. ADVERTISEMENT The European Commission said the pharmaceutical firm “misused the patent system to artificially extend patent protection” for its blockbuster MS …

Eurozone inflation hit 2% in October, exceeding forecasts and up from September’s 1.7%, driven by services and food prices. Germany witnessed unexpected price increases. The euro strengthened. ADVERTISEMENT Inflation in the eurozone accelerated in October, with the consumer price index reaching 2% year-over-year, surpassing economist predictions of 1.9% and marking an uptick from 1.7% in September, according to flash estimates …