Facebook Ireland paid only €3.4 million in corporate tax last year in spite of revenues risen to €4.83 billion from €1.8 billion. The Dublin-based firm, which serves as Facebook’s international head
General Electric has walked away from a $3.3 billion agreement reached in September 2014 to sell its appliances business to Sweden’s Electrolux, terminating the deal after months of opposition from
The Government launches today a new five-year science strategy, which aims to double total spending on research and development in Ireland to €5 billion by 2020. The strategy, titled Innovation
The Irish economy is expected to grow by almost 6% this year, according to a new forecast. The EY Economic Eye forecast for winter shows that Ireland’s economy is on
Online home insurance broker Insuremyhouse.ie is to create 50 new jobs as part of a three-year expansion programme. The new roles will be across sales, advisory and administration areas, with
The taxi-booking app, Hailo, has introduced HailoPay, a new service that will allow customers to pay for a non-booked journey via the app with their card. The new service will
Taoiseach Enda Kenny TD and Richard Bruton TD, the Minister for Jobs, Enterprise and Innovation, Government of Ireland announced today that Infosys intends to create 250 new jobs over the
Telecommunications company Eir has agreed to acquire Setanta Sports Ireland, the international sports broadcaster based in Ireland. The sum of the transaction is undisclosed. The company, which recently rebranded from Eircom,
Motorola Solutions announced that it would acquire Airwave for £817.5 million. The Walkie-talkie and radio systems maker expects its net cash payment to be approximately £700 million at closing, based on purchase price
Audi has appointed a new chairman and a new development chief as Volkswagen’s flagship luxury division struggles to recover from an emissions scandal. The German carmaker has named Volkswagen Chief Executive
OPEC appeared unlikely to cut oil production to lift languishing prices at a meeting in Vienna on Friday, potentially worsening one of the worst crude gluts in history. Despite oil
LinkedIn, the social network for business people and professionals, is currently opening 100 positions in Ireland. Marking the fifth anniversary in Dublin today, LinkedIn announced that it is on course to
Richard Branson announced that a 747 jumbo jet will be adapted for use as a launchpad for a Virgin Galactic spaceship. ‘Cosmic Girl’, a former Virgin Atlantic airliner, will be
In November, at ABB’s Beijing factory the 10 millionth ABB low voltage drive rolled off the production line. The 10 millionth drive is going to Wuhan Guide Electric Co., Ltd.
Largest Irish convenience and fuel retailer, Topaz Energy Group, is to be acquired by the publicly quoted Canadian company Alimentation Couche-Tard. The two companies signed an agreement today that will
The beermaker Anheuser-Busch InBev NV is looking to sell the Peroni and Grolsch brands as it works to gain regulatory clearance over its planned acquisition of the world’s second largest
Microsoft’s Office 365 service has gone offline for many users in the UK and Europe on Thursday due to a problem with Microsoft’s cloud computing service, Azure. The issue has now
Ryanair has released a statement saying its passenger number grew by 21% to reach 7.71 million in November. This compares to 6.35 million the same month last year. The Dublin-based Ryanair carried
The European Union commission has opened a formal state aid investigation into allegations that fast food giant McDonald’s received a tax deal from Luxembourg six years ago. The case against
The National Asset Management Agency has announced further details of its plans to build commercial and residential developments in the Dublin. This project aims to deliver almost 4 million square feet
As part of Industry and Business TV we went along to DataCentres Ireland and spoke to a number of exhibitors, speakers and attendees all involved in data centres here in
A new €26 million world class geoscience research centre iCRAG has been opened at University College Dublin to focus on the discovery, de-risking and sourcing of raw materials. Minister for Skills,
GE Healthcare today announced a $40 million investment in its manufacturing facility in Carrigtwohill, Cork. Employment at the Cork facility, which currently stands at almost 500 people, is expected to
Ryanair announced that it had launched High Court proceedings against both eDreams and Google to stop them misleading consumers by
Mondelez International, the owner of the Cadbury chocolate brand, has hired bankers to explore the sale of a number of
UTV Media shareholders have approved the £100m sale of its television business to ITV. The Northern Irish firm announced in
The global biopharma company, BMS, which focuses on helping patients prevail over serious illness, is growing operations, constructing a new
Zurich Insurance announced that chief executive Martin Senn was stepping down, with chairman Tom de Swaan immediately taking temporary charge
Ireland’s manufacturing sector expanded in November, but growth moved at the slowest pace in 21 months according to Investec’s monthly Purchasing
A leading worldwide private aircraft charter operator is establishing a base in Co Clare. Athens-based GainJet Aviation has begun the