Ireland Financial News

Halloween is one of the biggest occasions celebrated in the United States and other parts of the world, and serves more like a run-up to the Christmas season and the New Year celebrations. With 2024 ending soon, Halloween this time should be even more special, and the trick and treats should be even more 'ghouly'.

As wenoted yesterday, debt capital markets (DCM) bankers at Citi in London have been afflicted by unexpected job cuts involving Colm Rainey head of corporate and financial institutions group debt capital markets for UK & Ireland, Christian Rose, an MD in Stockholm, Santhi Athreya, head of corporate DCM for France, Belgium and Luxembourg, Bruno Sáenz de Miera, head of debt capital markets for Iberia and others. 

European Union regulators have slapped LinkedIn with a 310 million euro fine for violations of the bloc’s stringent data privacy rules

LinkedIn's lead privacy regulator in the 27-nation EU, the Dublin-based commission conducted an investigation that concluded the professional networking site lacked a lawful basis for collecting user data intended for targeted online advertisements, added the AP report. This violation of the General Data Protection Regulation (GDPR) represents a serious infraction of the right to data protection within the EU.Reportedly, Deputy Commissioner Graham Doyle emphasised the severity of the situation, stating that processing personal data “without an appropriate legal basis is a clear and serious violation" of established privacy rights.

This time last year, Citi was preparing to thin the ranks of its investment bank as part of CEO Jane Fraser'sBora Bora cuts. In the wake of those cuts, the bank restructured its debt capital markets (DCM) team in March 2024, and — among other things — made Colm Rainey head of corporate and financial institutions group debt capital markets for UK & Ireland in the process.

Ruholamin Haqshanas is a contributing crypto writer for CryptoNews. He is a crypto and finance journalist with over four years of experience. Ruholamin has been featured in several high-profile crypto...

The U.S. retirement system doesn't get high marks relative to other nations.

The Dutch government on Tuesday said it will reduce its stake in lender ABN Amro by a quarter to 30% through a trading plan.

Social media users across the European Union will soon have a new forum to challenge decisions by platforms to remove posts and videos for breaking their rules or leave up others that may violate them

Leitch, who had over five decades of experience in financial services, served as FNZ Group chair from 2013 to 2024. His previous roles included chair of Bupa, chairman of Intrinsic Financial Services, and chair and CEO of Zurich Financial Services UK, Ireland, South Africa and Asia Pacific. He also served Lloyds Banking Group deputy chair, chair of Scottish Widows, deputy chair of the Commonwealth Education Fund, and chair of the Association of British Insurers.  «Sandy was not only a visionary leader but also a kind and generous soul who touched the lives of many,» said FNZ group ...

United Refining Company and Red Apple Group Chairman & CEO John Catsimitidis discusses Biden's non-intervention in the port strikes and explains how it will spike inflation and raise food and oil prices.

Eli Lilly is pouring another $4.5 billion into expanding drug manufacturing and development

Meta 91 million euros ($102 million) for password-security breaches. The Data Protection Commission criticised Meta for failing to put in place appropriate security measures to protect users' password data and for taking too long to alert the regulator over the issue. An inquiry was launched in April 2019 after Meta Ireland informed the regulator that it had «inadvertently stored certain passwords of social media users» in a readable format on its internal system, the DPC said in a statement.

Meta was punished with a 91 million euro fine from the social media giant’s European Union privacy regulator over a security lapse involving passwords for Facebook users

technology services player Accenture on Thursday reported a 22.6% year-on-year (YoY) rise in net profit at $1.68 billion for the fourth quarter ending August 2024. This compares with $1.37 billion profit in June-August quarter 2023. The profit grew on the back of healthy growth in North America and health & public services segment aided by robust new bookings, especially generative artificial intelligence (GenAI) deals. The Nasdaq-listed IT major hiked its annual revenue growth forecast to 3-6% for 2025, including 2-3% from mergers and acquisitions (M&A). This is on the back of improvement in the macroeconomic environment and the US Federal Reserve’s recent interest rate cut of 0.5%. Accenture follows a September-August financial year. The Accenture forecast is an important indicator of the performance of key Indian IT companies as they start reporting their quarter earnings starting from Tata Consultancy Services in early October.

Ruholamin Haqshanas is a contributing crypto writer for CryptoNews. He is a crypto and finance journalist with over four years of experience. Ruholamin has been featured in several high-profile crypto...

Shalini is a crypto reporter who provides in-depth reports on daily developments and regulatory shifts in the cryptocurrency sector.

Indian students are intent on adding that foreign education experience on their CV. As Canada, Britain and Australia set conditions and caps for foreign students, Indians are looking elsewhere. Barring the US, which continues to dominate the destination wishlist, students are now opting to study in countries that were previously not on their list for reasons such as language barrier, strict work-study norms and higher financial requirements. As some of the traditional favourite education destinations limit entry, others, particularly non-English-speaking countries, are improving the 'ease of onboarding international students'.

deal wins are on the cards with the US Federal Reserve reducing interest rates. The country's key IT services providers globally signed at least 33 deals in July and August, data sourced by ET showed. Tata Consultancy Services alone has announced four deal wins including Ireland-headquartered fashion retailer Primark, Rolls-Royce, Sydney Marathon, and most recently McDonald's Philippines in the first two months of the second quarter. Its closest rival Infosys-which signed the second highest number (three) of deals in July after Cognizant-has closed agreements with Sector Alarm, Delaware Department of Labor, TDC Net, ServiceNow, Metro Bank, and Finnish Postal service provider Posti group.

This accomplishment places India among a select group of elite teams worldwide that have ever reached this milestone. In the 147-year history of Test cricket, only seven teams have recorded more wins than losses at some point, and currently, only five maintain this record. As it stands, India's Test statistics are: Matches: 580 | Wins: 179 | Losses: 178 | Draws: 222 | Ties: 1. Alongside India, the other teams with more wins than losses include Australia, England, South Africa, and Pakistan. Australia leads with 414 wins and 232 losses, followed by England with 397 wins against 325 losses. South Africa boasts 179 wins to 161 losses, while Pakistan has 148 wins compared to 144 losses.

Jasper will have a devastating impact on local families, Mayor Richard Ireland said.The company announced this week it aims to transfer its operations from Jasper to Hinton about 100 kilometres east in Alberta, come September 2025.A company memo sent to about 200 impacted workers on Monday says the change will improve efficiency by reducing stops between Edmonton and Blue River, B.C. on the western side of the Rocky Mountains.Ireland says CN Rail’s presence in town, which dates back over a century, is a key part of the community’s identity and he hopes the company will reconsider.“This removal will have a profound impact on local jobs and local families,” Ireland told reporters Friday at a virtual news conference.