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Mislaid luggage at Dublin Airport, Sky’s new TV system, and Iput strikes major deal with HSE

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Google parent Alphabet barely missed markets estimates for its second quarter results, hinting that its business model might be able to withstand a threathened recession in its biggest markets over the next 12 months.

Ciarán Hancock's face
Ciarán Hancock
Wed Jul 27 2022 - 06:20

Airlines and ground handlers at Dublin Airport are dealing with about 4,200 mislaid or missing bags, politicians were told yesterday, including 1,200 at Aer Lingus. Barry O’Halloran reports on the details of the Oireachtas transport committee’s session with various players operating from Dublin Airport.

The International Monetary Fund has cut its forecasts for global economic growth for this year and next for the third time since the start of 2022, while raising its forecasts for inflation. Ian Curran reports.

Broadcaster Sky is leaving behind the satellite dish and set-top boxes in favour of a stylish TV system that will deliver all of its services, including free Netflix and BBC on demand. Laura Slattery talks to Sky Ireland chief JD Buckley about this latest initiative to attract customers, and the challenge of selling a subscription entertainment services amid soaring inflation.

Irish property group Iput Real Estate has secured the largest suburban office lettings so far this year with the Health Service Executive signing a 15-year lease for 33,000sq ft in the Iveagh Building at Carrickmines Park in south Dublin. Ronald Quinlan has the details.

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The value of exports of Irish spirits jumped 25 per cent last year to €1.2 billion after a precipitous 15.6 per cent fall in 2020 due to the impact of the pandemic. Ian Curran has the numbers.

An Irish company that claimed to sell investors gold and silver bullion was operated as “a Ponzi-scheme,” and defrauded its customers, the High Court was told yesterday. Aodhan O’Faolain heard the details.

Google’s parent Alphabet barely missed estimates for quarterly revenue, showing that its industry-leading Google search and advertising business may be able to withstand big countries potentially going into recession over the next year. Its share price rose in after-hours trading but Microsoft’s fell after it missed estimates for quarterly revenue, hurt by a stronger dollar, slowing sales of PCs and lower ad spending.

Corporate America is being dragged into culture wars it can’t win, writes Financial Times columnist Andrew Edgecliffe-Johnson.

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