Russian president Vladimir Putin yesterday on a  visit to Crimea, the peninsula annexed by Russia from Ukraine in March. The sanctions imposed on Russia are intended to hurt an already weak economy. Photograph: Alexey Nikolsky/EPA

Germany’s biggest utility E.ON posted a 12 per cent drop in first-half core profit, hit by a weakening currency in Russia, its most important foreign (...)

In Europe, stocks rose to their highest levels in a week, although Ireland lagged slightly behind the trend

A global gauge of stock markets rose as investors were cautiously optimistic about a possible de-escalation of the conflict in the Russia-Ukraine b(...)

Miners are helped by rescue workers and friends from the coal mine  in Soma. The disaster in western Turkey is likely to be the country’s deadliest and is also the worst in a series of incidents in a sector that has seen 30,000 die since 1970. Photograph: Ozgu Ozdemir/Getty Images

A coal mine explosion and fire which have killed more than 200 people in Turkey coincides with increased pressure on utilities to drastically improve (...)

The Debenhams store on Oxford Street, London. The group’s chief  financial officer resigned after  a  warning  of a  profits plunge as a hoped-for sales surge in the last week before Christmas failed to materialise. Photograph: Yui Mok/PA

World stock markets kicked off 2014 with a whimper yesterday, weighed down by disappointing Chinese manufacturing data. After their best run in 15 yea(...)

Before the Government unveiled which of its businesses it intended selling, Minister for Energy and Natural Resources Pat Rabbitte dismissed talk of a fire sale, saying “there will be no State assets going up on eBay”.

At about 9am on Wednesday, Bord Gáis Éireann’s adviser, Royal Bank of Canada, called the three remaining bidders for the group’s retail division and t(...)

The US Federal Reserve building in Washington. Minutes released from the Fed’s October meeting showed it expects further improvement in the US jobs market and “would thus warrant trimming the pace of purchases [of bonds] in coming months”.

The Iseq remained broadly flat as shares slid elsewhere across Europe, following gloomy news from China and the US. A gauge of manufacturing in China (...)

Incease came after data from the US showed that states continue to boost spending on new roads and highways. About half of CRH’s US business depends upon this segment. Photograph: Brenda Fitzsimons

On the day Ireland officially announced it was exiting the bailout unaided, the Iseq in Dublin crept up by 0.5 per cent.Elsewhere, global equity marke(...)

Former RBS chief executive Fred Goodwin: big energy companies were warned they were facing a “Fred the Shred” moment

The spectre of Britain’s most reviled company boss, the former RBS chief executive Fred Goodwin, was invoked yesterday by a government minister as he (...)

For your diary

TODAYResults: Flybe; Lonmin; Sotheby’s.Meeting: UNI Global Union Economics Forum (CWU Conference Centre, Dublin).Indicators: Irish Bord Gáis energy in(...)

The plan was as obvious as it was daring: to harness the sun over the Sahara Desert and supply Europe with an endless supply of clean energy.But now t(...)