Sunday, 29 Sep 2024

Business

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Selloff deepens on Wall Street as China plans to hit back with tariffs

(Reuters) – Wall Street’s main indexes fell more than 2% on Monday after Beijing announced plans to retaliate with higher tariffs on U.S. goods, raising fears that another round of tit-for-tat measures could push the U.S. economy toward recession. At the center of the selloff were shares of technology companies including chipmakers, manufacturing giants and […]

Vans launch Harry Potter designs and we’re spell-bound

Calling all witches and wizards, Vans have released the first pictures of their new Harry Potter collection and we want them all. With over 4.5 billion books sold worldwide, in over 79 languages he is arguably one of the worlds most famous wizards, not to mention a film franchise that has grossed the second-highest amount […]

Metro Bank customers rush to withdraw cash over panic about brand’s future

It was a bad weekend for Metro Bank. After a troubled few months where an accounting blunder was uncovered and profits slumped, customers started sharing photos of people queueing up to get their money out. In scenes that call to mind the panic before the final fall of Northern Rock more than a decade ago, […]

Why we need new laws to stop banks exploiting customers

An investigation into financial inclusion has warned that businesses must do more to protect those at risk of being locked out of the system – amid the ATM funding row and the so-called 'loyalty penalty'. The Treasury Committee said new rules are needed to legally force all financial service providers – such as banks – […]

British Gas owner faces renewed pressure after customer exodus

British Gas owner Centrica has revealed a fresh customer exodus at the start of the year and warned that a “challenging trading environment” will put further pressure on its annual performance. The FTSE 100 company said it lost 234,000 UK home energy supply accounts in the first four months of 2019, partly blamed on changes […]

Financial support and your rights if you’ve given up work to care for someone

The number of people juggling their careers with caring for a friend or loved one has rocketed in recent years. According to the charity Carers UK, there are now more than five million people torn between work and care duties, compared to three million back in 2011. This can be an incredibly difficult thing to […]

Stocks, yuan fall as Sino-US trade war deepens

US stock futures and Asian shares fell on Monday on growing anxiety over whether the United States and China will be able to salvage a trade deal, after Washington sharply hiked tariffs and Beijing vowed to retaliate. The United States and China appeared at a deadlock over trade negotiations on Sunday as Washington demanded promises […]

Opportunity knocks for Irish in the eurozone

The Chinese use two characters for the word ‘crisis’. One character represents danger; the other opportunity. Although we continue to face a period of uncertainty for Irish businesses, we are also better placed than we sometimes imagine. Irish firms looking for export opportunities have many elements in their favour. The largest opportunity on our doorstep […]

Group Eleven drill results raise hopes for new Irish zinc finds

Strong drilling results with “significant new mineralisation” have transformed an early-stage Limerick prospect to a “high-priority target” for Canadian-registered zinc explorer Group Eleven. A 2,700m drill programme at the Stonepark lead and zinc prospect discovered the “outer margin of potential new Irish-Type zinc system” and also uncovered new mineralisation at the adjacent Ballywire system, said […]

Germany's Thyssenkrupp to seek new steel partners, CEO tells paper

FRANKFURT (Reuters) – Thyssenkrupp will still seek partners for its steel operations after abandoning a European merger with India’s Tata Steel, Chief Executive Guido Kerkhoff said in comments published on Sunday. Kerkhoff ditched a restructuring plan on Friday, in which the merger was a key part, and resolved instead to transform the steel-to-submarines group into […]