Organisation: Bloomberg

A COMPREHENSIVE SERIES OF ARTICLES ON THIS TOPIC

<p>Chief executive David Ricks said Eli Lilly will expand a site in Indiana that makes tirzepatide, the active ingredient in Zepbound for weight loss, and diabetes drug Mounjaro. Picture: Darragh McSweeney/Provision</p>

companies

Eli Lilly to inject $5.3bn to expand weight loss drugs factory in US

Investment aims to boost output of Lilly's weight loss drug Zepbound and blockbuster diabetes medication Mounjaro

<p>Statkraft has already invested significantly in solar energy and wind energy in Ireland, and there are discussions around further projects.</p>

companies

Europe's largest green energy producer Statkraft to review strategy as profit slides

<p>ECB president Christine Lagarde has said its meeting on September 14 will be between a 10th straight increase and a pause. </p>

economy

ECB is expected to deliver one last rate hike next month

news

Ireland tops global Covid Resilience Ranking as vaccinations curb deaths

business

Irish banks and housebuilders join in global stock markets rally on Covid-19 'narrative recovery'

business

Britain's 'Big Four' accounting firms ordered to separate audit divisions

Isme chief 'baffled' over coolness to 100%-backed Covid-19 loans for firms

The head of business group Isme said he was “baffled and astounded” by the signals that the 100%-guaranteed loans may not be part of the July stimulus package for small firms.

Mon, 06 Jul, 2020

Boeing quietly pulls plug on iconic 747 jumbo jet

Boeing hasn’t told employees, but the company is pulling the plug on its hulking 747 jumbo jet, ending a half-century run for the twin-aisle pioneer.

Fri, 03 Jul, 2020

Vaccine and US jobs hopes boost global stock markets despite fears of second Covid-19 wave

Global stocks climbed as traders assessed prospects for an economic rebound in the US after better-than-estimated jobs data amid concern over a second wave of coronavirus cases.

Thu, 02 Jul, 2020

Resurgent Covid-19 hits price of oil as Shell counts the costs in billions

The outbreak of new Covid-19 cases in the US has re-ignited investors fears of a prolonged slump in global demand, sending the price of oil sharply lower, as giant Shell counted the costs in billions of the pandemic crisis.

Tue, 30 Jun, 2020

Gold more than worth its weight as Covid boosts prices

Gold steadied near $1,800 an ounce -- a level last seen at the end of 2011 -- as investors weighed the accelerating coronavirus spread in the US against tentative signs of economic improvement in some regions.

Mon, 29 Jun, 2020

UK, Italy, Spain offered to limit scope of proposed digital tax

France, the UK, Italy, and Spain offered to limit the scope of a proposed global digital tax, a concession after the US threatened to hit those countries with tariffs if they moved ahead with levies on tech companies.

Sat, 27 Jun, 2020

Coronavirus lessons to speed efforts on climate change

The speed of the social and economic destruction wrought by the coronavirus pandemic is spurring central bankers to accelerate and expand their efforts to fight climate change.

Fri, 26 Jun, 2020

Bayer's weedkiller cancer legal settlement offers only fleeting relief to shareholders

German pharmaceutical giant Bayer’s $12.1bn (€10.7bn) settlement to resolve US cancer lawsuits over its flagship weedkiller Roundup and other products offered fleeting relief to investors looking to move on from the legal woes that have hobbled the stock for almost two years.

Thu, 25 Jun, 2020

European-wide car sales headed for record 25% crash this year

European car sales are forecast to drop by a record 25% this year after the coronavirus pandemic shuttered showrooms, leading to a collapse in demand and threatening one of the region’s biggest industries.

Tue, 23 Jun, 2020

Nestlé follows Pepsi and Mars in reviewing racially-offensive branding

Nestlé will rename a number of its international confectionery labels as the global food giant goes through its 25,000 products to eliminate marketing that contains racial stereotypes.

Tue, 23 Jun, 2020

European car sales show first signs of recovery

The industry is hoping that consumers will drive an improvement this summer by turning to cars for their holidays instead of flying.

Wed, 17 Jun, 2020

BP writes off billions as Covid redraws rules of oil demand

BP Plc will write down the value of its business by as much as $17.5 billion, as the oil major predicts that the coronavirus pandemic will hurt long-term demand and accelerate the shift to cleaner energy.

Mon, 15 Jun, 2020

Planemaker Bombardier to cut 600 jobs at Belfast base

Planemaker Bombardier is to cut up to 600 jobs in its Belfast operations as part of plans announced last week to cut 2,500 jobs - or about 11% - of the workforce in its global aviation unit.

Thu, 11 Jun, 2020

Limerick's Regeneron begins human trials of Covid-19 vaccine

Biotech company Regeneron, which has a major industrial operations centre in Limerick, has begun human trials of a new antibody cocktail for Covid-19.

Thu, 11 Jun, 2020

Vaccine drug developer AstraZeneca 'seeks merger with Covid-19 treatment firm Gilead'

AstraZeneca has approached rival drugmaker Gilead Sciences about a potential merger, according to sources, in what would be the biggest health-care deal on record.

Sun, 07 Jun, 2020

Is Europe over the worst of the virus?

Fears of a flare-up in virus cases after lockdown haven’t come to pass, though some caution is warranted, writes Lionel Laurent

Wed, 03 Jun, 2020

Lufthansa bailout hopes in hands of investors as board finally clears €9bn deal

The supervisory board of Lufthansa has approved Germany’s €9bn bailout proposal, paving the way for the airline to receive the lifeline should shareholders accept the deal.

Mon, 01 Jun, 2020

Covid-19: UK commercial property predicted to drop 15%; First insight into Irish market

Commercial property prices in Britain could fall as much as 15% this year, the giant insurer Aviva which manages billions in investments in Britain and Ireland, has said.

Thu, 21 May, 2020

US job losses of 20.5m in April are the steepest since Great Depression

The US economy lost a staggering 20.5 million jobs in April, the steepest plunge in payrolls since the Great Depression and the starkest sign yet of how the coronavirus pandemic is battering the world’s biggest economy.

Fri, 08 May, 2020

ECB head Lagarde calls for Europe to do more to rescue their economies from the Covid-19 storm

The ECB stepped up its response to the coronavirus crisis by cutting funding costs for banks, but refrained from boosting its bond-buying program and renewed its call on politicians to provide more fiscal support.

Thu, 30 Apr, 2020

Richard Branson mulls putting up more cash to tap UK loans for teetering Virgin Atlantic

Richard Branson is considering pouring more money into teetering Virgin Atlantic Airways than he originally pledged in a bid to attract outside investors

Sun, 26 Apr, 2020

Stocks slip on fears over EU stimulus package

European stocks ended lower, snapping two days of gains, after the region’s leaders failed to agree on a long-term stimulus package and reports of a failed Covid-19 drug trial weighed on sentiment.

Fri, 24 Apr, 2020

Shares boost for handful of virus testing firms as US ramps up Covid-19 plans

A few healthcare companies which are developing or selling tests to diagnose the coronavirus traded higher yesterday after analysts highlighted the rise in the number of tests being conducted in the US.

Thu, 23 Apr, 2020

Private Sting concert for outgoing CEO of €920bn wealth fund stuns Norway

The world’s biggest sovereign wealth fund faces serious questions over the conduct of its outgoing chief executive and the selection process of his successor amid a scandal involving a luxury jet and a private performance by Sting.

Mon, 20 Apr, 2020

Latest US jobs shake out of 5 million suggests unemployment already at 17%

Latest shake out hints US jobless rate is at 17%

Thu, 16 Apr, 2020

Leading car manufacturers braced for more sales misery

BMW is expecting a further decline in global demand as the coronavirus outbreak takes its toll.

Mon, 06 Apr, 2020

Stock markets worsen amid dire data

Global shares tumbled further amid increasingly dire economic readings due to the coronavirus, while bank stocks plummeted as several major lenders suspended dividend payments.

Wed, 01 Apr, 2020

Crude oil trades as low as at $10 a barrel in North America amid Covid-19 crisis

Crude oil is selling for less than $10 a barrel across key North American hubs as the global demand shock from coronavirus leaves crude with nowhere to go.

Mon, 30 Mar, 2020

Apple iPhone supplier saw profits fall 24% ahead of virus disruption

Taiwanese electronics manufacturer Foxconn has reported a 23.7% fall in profit for the last three months of 2019, as it braces for the impact from the coronavirus pandemic that has hit demand from key customers such as Apple.

Mon, 30 Mar, 2020

European and US retailers scrap €1.4bn of Bangladesh orders

European and US retailers — including Primark — have cancelled about $1.5bn (€1.4bn) of Bangladesh garment orders as the coronavirus outbreak roils demand.

Mon, 23 Mar, 2020

Government mulls new income-support Covid-19 measure of up to €4bn

The Government looks set to unveil an unprecedented income-support scheme in the coming days in which it will pay 75% or 80% of the wages of the thousands of workers who have lost and will lose their jobs amid the Covid-19 crisis.

Mon, 23 Mar, 2020

Oil price up but trades at low level of $27 a barrel

The price of oil has risen from its lowest level in 18 years as Middle East producers show signs of strain and the US gears up to fill its emergency reserves.

Thu, 19 Mar, 2020

There aren’t enough containers to keep world trade flowing

A shipping container shortage that’s left everything from Thai curry to Canadian peas idling in ports may be about to get a whole lot worse as China steps up its coronavirus precautions on incoming vessels.

Thu, 19 Mar, 2020

Sterling plummets to lowest in three decades as Covid-19 crisis deepens

Sterling plunged 5% to its lowest level against the dollar in over three decades and was trading at Brexit crisis levels of 93.4 pence against the euro as the shocks caused by the coronavirus rippled through global markets.

Wed, 18 Mar, 2020

Limerick-based company to begin trials of a potential Covid-19 treatment

The rapid spread of Covid-19 around the globe has led to a flood of announcements from drug companies touting potential treatments for the still incurable disease.

Wed, 18 Mar, 2020

Government urged 'to throw kitchen sink' at Covid-19 crisis to save jobs

The Government was urged this evening to take “costly but bold measures” to guarantee Irish small and big companies from collapse

Tue, 17 Mar, 2020

World's biggest company Saudi Aramco to stick with dividend pay-out despite profit slump

Even with oil prices having slumped, Saudi Aramco said it still intends to give at least $75bn (€67bn) to shareholders this year.

Mon, 16 Mar, 2020

Firms across Europe face €88bn in Covid-19 debt wave

Hundreds of high-risk companies in Europe need to repay or refinance nearly €88bn in the coming months, a prospect that becomes more daunting by the day amid the relentless collapse in credit markets.

Thu, 12 Mar, 2020

Norwegian Air reels and Aer Lingus-owner IAG shares fall 15% after Trump travel ban on Covid-19

Norwegian Air, which was already financially vulnerable, became the first casualty of Covid-19 as the transatlantic carrier announced a huge programme of short-term flight cancellations and layoffs in response to the ban imposed by US president Donald Trump on visitors to the US from the Schengen area.

Thu, 12 Mar, 2020

Ocado, the British online grocer shares to increase tenfold