Monday, 13 Jan 2025

Business

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Nama provides land for Cairn JV to build 550 homes

Nama has entered a joint venture with one of the country’s largest developers, Cairn, to build 550 homes. Under the agreement, a new company – 75pc owned by Cairn and 25pc by Nama – has been set up to develop a site in north Dublin. It is understood that Nama will provide the land for […]

10 years after financial crisis, US bank CEO pay soars again

NEW YORK (AFP) – Ten years after Wall Street recklessness helped lead to the Great Recession, compensation for top bank CEOs is soaring even as pay flattens at junior levels. Compensation figures released so far by large banks this year suggest a rich season for CEOs, despite myriad worries for markets, including slowing global growth, […]

Review: ‘Twilight of the Elites’ Looks at a France, and a World, Divided

Get the DealBook newsletter to make sense of major business and policy headlines — and the power-brokers who shape them.__________ Emmanuel Macron’s victory over the far-right National Front party in the French presidential election came only a few months after the ascension of Donald J. Trump to the presidency of the United States, and less […]

Stocks Tumble as China Trade-Deal Concerns Resurface

The stock market’s strong start to the year stalled on Tuesday, amid growing pessimism about the prospects for a deal to defuse trade tensions between China and the United States. The S&P 500, which had enjoyed its best start to a year since 1987 through the end of trading on Friday, ended Tuesday down 1.4 […]

Patisserie Valerie has collapsed into administration – putting 3000 jobs at risk

The firm said discussions with its lenders HSBC and Barclays to extend a standstill agreement had come to nothing, leaving it with no option but to appoint KPMG as administrator. The move puts nearly 3,000 staff at risk of losing their jobs, who had thought the business was worth almost £500million. Its parent company Patisserie […]

May faces into fresh clashes over second Brexit referendum

Fresh clashes over launching a second Brexit referendum and blocking a no-deal EU withdrawal loom as Theresa May faces new challenges to her authority. Jeremy Corbyn’s Labour party wants Parliament to be given the option to back a national poll on Brexit when MPs vote on the Government’s EU exit stance next week. An amendment […]

Brazil investor group to file lawsuit against Boeing-Embraer deal

RIO DE JANEIRO (Reuters) – Brazilian investors’ association Abradin said it would file a lawsuit claiming a proposed tie-up between U.S. planemaker Boeing Co (BA.N) and Embraer SA (EMBR3.SA) should come with a public tender offer, escalating its fight against the proposed deal. The group had already filed a motion last month with a São […]

Asian shares, oil skid on global growth worries

SYDNEY (Reuters) – Asian shares stumbled and oil prices fell on Tuesday as pessimism about world growth drove investors away from risky assets, while sterling ticked lower in the face of the latest twists and turns in the Brexit saga. China got the week off to a shaky start on Monday after Beijing reported 2018 […]