City Dublin Financial News

SpiceJet Ltd Friday informed the National Company Law Tribunal (NCLT) it has settled a dispute with Raymach Technologies over ₹2.7 crore worth of unpaid dues.

Check out what's clicking on FoxBusiness.com

For SpiceJet to stay afloat, some crew will have to deplaneIn December, Engine Lease Finance BV approached the Delhi High Court after settlement talks failed, alleging the airline only made partial payments and violated the terms of the agreement.In October, SpiceJet had agreed to pay the lessor about $2 million and return the leased engines by 25 January. It eventually returned the leased engines in March on the court's orders.SpiceJet has faced several insolvency pleas in the NCLT over pending dues from various parties including Wilmington Trust SP Services (Dublin), Willis Lease Finance, Celestial Aviation, Aircastle, and Alterna Aircraft.

Twelve people have been injured when a Qatar Airways plane flying from Doha to Dublin hit turbulence

tour by global pop sensation Taylor Swift has sparked a rise in European air travel for the upcoming summer season. United Airlines, one of the major carriers, has reported a significant increase in travel demand to popular European destinations such as Lisbon, Portugal, and Madrid, Spain, over the Memorial Day weekend, SchengenNews reports. This increase, estimated to be about 25 per cent higher than last year, is directly attributed to Taylor Swift's Eras tour, which has sparked a travel frenzy among her fans. Similar price hikes are anticipated in other cities hosting the tour in the coming weeks, such as Madrid, Edinburgh, and Dublin, says SchengenNews report.

Red Lobster says it is closing nearly 50 of its restaurants in the U.S. The locations span across more than 20 states — cutting back on Red Lobster’s presence in cities like Denver, San Antonio, Indianapolis and Sacramento

Priyanka Chopra recently had an oops moment as she shared a post that featured a baby girl who was not her daughter Maltie Mary Jonas on Mother’s Day. However, layer, she deleted it.

Mint had reported that Accenture, which earns twice as much as TCS in annual revenues, had taken a swipe at TCS’s digital offerings under Business 4.0, via its digital solutions platform, Accenture X.O. “Stop playing catch-up and start applying digital at the core of your business to reinvent for a new era of industry. Go beyond Industry 4.0: If you think Industry 4.0 is the epitome of industrial digitization—think again.

Google has been slashing its workforce since early 2023, with several rounds of layoffs already completed and more anticipated. CEO Sundar Pichai stated that these difficult decisions are part of a meticulous process, emphasising the need for precision and care: "It's about taking the time to do it correctly and well." Speaking to Bloomberg, Pichai acknowledged the weight of his decisions at the helm of such a large organisation, stressing that while the decisions are fewer, they must be clear and well-founded. Google's strategy for managing these changes involves streamlining operations and reorganising teams.

The AVI Japanese Special Situations fund, which will have a Dublin UCITS structure, with bottom-up and «research-driven approach» to engage with companies. As with the AVI Japan Opportunity trust, launched in 2018, CEO and CIO Joe Bauernfreund will manage the strategy, supported by a Japan-dedicated research team of six.  AVI Japan Opportunity trust dodges widening discount trend as profits rise The strategy will be benchmarked against the MSCI Japan Small Cap index and invest in 25-35 companies. The annual management fee is 1%. «As well as a 40-year track record in global equit...

laying off an undisclosed number of employees as the technology giant cracks down on costs, a company spokesperson said as reported by Reuters. According to the Google spokesperson, the layoffs are not company-wide. The impacted staff will have the chance to seek for internal roles, the spokeswoman added.

The AVI Global Special Situations fund follows the existing strategy, which aims to use a bottom-up, research-driven approach to engage with companies to provide value and drive returns. AVI CEO and CIO Joe Bauernfreund, who manages the AVI Global Trust, will also manage the Dublin-domiciled fund along with a research team of 12. Quintet and BlackRock partner for multi-manager US equity launch The fund will be benchmarked against the MSCI AC World index and charge a management fee of 0.75% Bauernfreund said: «We are seeing attractive opportunities in all parts of the equity mark...

Aam Aadmi Party (AAP) globally have observed a day of protest and fasting in solidarity with party chief and Delhi Chief Minister Arvind Kejriwal, who was arrested by the Enforcement Directorate in an alleged money laundering case. Kejriwal was arrested by the ED on March 21, hours after the high court refused to grant him protection from coercive action by the federal anti-money laundering agency. He is currently lodged in Delhi's Tihar jail. AAP volunteers in the US, Canada, the United Kingdom, Ireland, and Australia gathered in front of Indian embassies and popular locations on Monday to protest Kejriwal's arrest and call for his immediate release, a media release said. «Arvind Kejriwal is a symbol of hope for millions of Indians who are fighting for a more just and equitable society,» said AAP member Jeswanth Reddy from Los Angeles. «His arrest is an attack on democracy and the right to dissent. We will not be silenced.»

Georgia lawmakers are agreeing on pay raises for public school teachers and state employees, although they still have differences to work out in the upcoming budget

John Connors' debut film, "The Black Guelph," emerges as a powerful narrative shedding light on Ireland's marginalized Travellers community. Following its success at the Oldenburg Film Festival, the movie has secured a U.S. release, promising a gripping exploration of identity and struggle, a report by The Hollywood Reporter said.

DUBLIN (Reuters) — Online betting giant Flutter expects its core profit to jump by around 30% this year thanks to a four-fold increase at its fast-growing and market leading U.S. brand Fanduel, the world's largest online betting company said on Tuesday.

Prior to his role as EMEA CIO for multi-asset strategies at NB, O'Sullivan served more than a decade at Mercer as CIO of the company's outsourced chief investment officer (OCIO) business for Europe, Middle East and Asia. Mercer commits to UK advisers with improved investment offering In his new role, O'Sullivan will be based in Dublin and oversee the implementation and execution of clients' global investment strategies. He will report to Hooman Kaveh, global CIO at Mercer, and to the other regional CIOs. O'Sullivan said: «I am thrilled to rejoin Mercer in this global leadership rol...

NCLT) on Monday reserved its order in the matter related to Dublin-based aircraft lessor Aircastle Limited’s insolvency petition against budget airline SpiceJet. SpiceJet’s counsel has cast doubt over the maintainability of Aircastle’s petition as the latter had filed a separate petition under the Insolvency and Bankruptcy Code, 2016 (IBC) against the Gurgaon-headquartered carrier. The counsel for Aircastle has argued that both petitions deal with separate cases of default by SpiceJet. The second case is listed for hearing on April 22.

₹250 Crore) dispute, avoiding a prolonged legal battle, on February 29, as per an official release. The settlement was reached through mutual negotiations and approved by the National Company Law Tribunal (NCLT) last week. The formal withdrawal of the case is scheduled for March 1, 2024.

Leap years have been with us since the 16th century, an invention of the Gregorian calendar, introduced to deal with a troublesome fraction in the solar year. Bearing in mind it takes around 365.2422 days each year for the Earth to revolve around the sun, the extra snippet (around six hours a year) adds up over time. Leap days regulate things – without them we would fall out of sync with the seasons, causing havoc for farmers and their crops as well as school holidays.

By Joanna Plucinska