BUSINESS - BREAKING NEWS

The messaging app has said it plans to share personal details with Facebook of its ‘family of companies’ as part of the plans.

TODAY'S BUSINESS - IRISH EXAMINER

Federal Reserve chair Janet Yellen hints at further rate hike this year

The case for raising US interest rates has strengthened in recent months because of improvements in the labour market and expectations for moderate economic growth, Federal Reserve chair Janet Yellen said yesterday.

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Deferred flotation costs One51 €2.7m

Environmental services and plastics company One51’s deferred IPO earlier this year cost the group €2.7m in related transaction costs.

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Volkswagen agrees $1.2bn dealer compensation plan

Volkswagen has agreed to spend more than $1.2bn (€1.06bn) to compensate its 650 US dealers for their losses from the German car-maker’s diesel emissions scandal, sources have said.

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Tetrarch given go-ahead for €16m Dublin city hotel behind former Clery’s store

An Bord Pleanála has given the green light to plans for a new seven-storey €16m boutique hotel in the capital.

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World’s largest pension fund posts $52bn loss

The world’s biggest pension fund posted a $52bn (€46bn) loss in the last quarter as stocks tumbled and the yen surged, wiping out all investment gains since it overhauled its strategy by boosting shares and cutting bonds.

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Independent News and Media eyeing more buys

Independent News and Media (INM) is “actively” pursuing more acquisitions in a bid to support a good first-half performance driven by a 23.4% annualised increase in digital advertising revenue.

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