Jijay Shen: “Huawei will continue to invest in Ireland and to co-operate with operators to provide the best technology for broadband and mobile.”  Photograph: Jason Clarke

Chief executive Jijay Shen says €70m investment plan shows tech giant's commitment to Ireland

Huawei mobile services allow users to access the company’s  smartphone apps and to store personal information, including payment details, in the cloud. Photograph: Reuters

CEO says Ireland will become very important option for Chinese companies post-Brexit

Huawei co-chairman Guo Ping: “Ireland is a very open country and has a very sound environment for investment as well as outstanding talent.”

Investment focus will be on video, cloud computing and artificial intelligence

Skellig six18 founders Patrick Cooney, June O’Connell and Patrick Sugrue. Photograph: Paul McCarthy Photography

Skellig six18 distillery to be located in former Wilson Socks factory in Cahersiveen

Conor O’Driscoll, master distiller and distillery manager at Heaven Hill

Wild Geese: Conor O’Driscoll heads up one of the biggest bourbon distilleries in the world

Some 1,545 bars closed in the Republic from 2005 to last year, figures show. Photograph: iStock

New figures show nearly 20% of rural pubs have shut up shop since 2005

‘Dublin’s talent and its tech ecosystem make it the perfect place for our first European office,’ said ActiveCampaign founder Jason VandeBoom

Company says initial hires will be in support, sales, customer service and marketing

The new ‘off-Facebook activity’ tool will allow users to control data gathered by Facebook from other apps and websites. Photograph: Christophe Simon/AFP/Getty Images

Critics of social media giant say it is ‘hard to take anything company does at face value’

Italian prime minister Giuseppe Conte. Political instability in Italy affected  some  heavyweight firms in London and Europe. Photograph:   EPA/Ettore Ferrari

Dalata and Ryanair are biggest fallers in Dublin as Iseq slips into negative territory

Trinity Biotech develops, manufactures and markets diagnostic systems for the point-of-care and clinical laboratory segments of the diagnostic market

Second-quarter sales totalled $22.5m, down 10% versus the $25m reported a year earlier

Chinese FDI into the State experienced a record year in 2016 with investment totalling almost $3 billion

First-half deal activity in the State up to $142m, from just under $80m a year ago

Deeptech Seed Fund founder Pearse Coyle has been a key figure in 11 tech ventures, six of which have gone on to scale and/or a successful exit.

Deeptech Seed Fund aims to link cutting-edge lab research with industry

The banking sector will account for roughly 30 per cent of total blockchain spending between 2018 and 2023

Research company IDC forecasts spending will jump by over 80% this year alone

Macy’s was down 15.2 per cent after it cut its full-year profit forecast as it discounted heavily to clear excess spring season inventory. Photograph: Reuters

CBOE Volatility index, also known as Wall Street’s ‘fear gauge’, rises 4.08 points

Moody’s is forecasting GDP growth of 4% for the Republic this year, which it expects to slow to 3% in 2020. Photograph: iStock

Ratings agency expects State to attract additional FDI in a no-deal Brexit

Established in 2006, Opus is a privately-owned full-service global fund administrator

Fund administration business established operations in Dublin just two months ago

5G technology brings faster mobile speeds, as well as lower latency, increased security and reliability

After much hype, 5G has finally arrived as Vodafone Ireland goes live in five cities

Arrow is one of the largest meat processors in the State

Irish meat processor is owned by the Queally brothers, who also own Dawn Meats

The Central Bank did not initially say how much longer businesses would be given to comply with the new rules

Banking sector welcomes deadline extension for roll-out of online payments changes

According to CSO, the most notable price declines in the year to July were for telephone services and for household-related goods and services.

Largest prices rises linked to higher rents, mortgage interest and energy costs

In the US, where GoContractor is increasingly focused, it counts 11 of the top general contractors as clients.

Initiafy becomes GoContractor as it raises €500,000 and looks to expand in the US

MeetingsBooker.com founder and chief executive Ciaran Delaney.

Company expects to double revenue as booking meetings online becomes the norm

Clear Customs is intended to help industry prepare for the new customs requirements by ensuring they have a detailed understanding of the procedures.

Free training also on offer for businesses as new Brexit-related procedures to come in

Eagle Alpha founder and chief executive Emmet Kilduff

Dublin-based company to use funds to hire additional data scientists and engineers

Established in 2004, Taoglas is focused on next-generation technologies in 5G, the internet of things (IoT), and satellite navigatio

The deal is the Co Wexford tech company’s second acquisition of the year

The headline seasonally adjusted business activity index posted 55.0 in July, down from 56.9 in June

New order growth in sector eases as Brexit uncertainty hits customer demand

Generator operates a hostel in Smithfield, Dublin

Executive uncovered accounting irregularities at the Irish travel software company

Apple slid 4.1 per cent as analysts warned that the newly proposed tariffs may hurt demand for its flagship iPhone

Shares of video-game makers down as Trump blames industry for gun violence

Marie Sherlock of Siptu says seeking assurances from lenders isn’t enough, and moves to return the three main banks to full private ownership should be put on hold

Siptu urges Government to delay re-privatising banks and force them to help SMEs

Most beer is still drunk in bars but off-trade sales rose to 36.5 per cent last year

New report also shows consumption edging up as non-alcoholic beer makes a splash

Glanbia chief executive Siobhán Talbot. The company’s share price was down 8.2% to €10.83 on Thursday.

Glanbia still in negative territory as banks slip back, while FBD and Smurfit Kappa gain

Included in the XVI portfolio were more than 100 apartments at Beechwood Court in Stillorgan.

Overseas buyers the biggest players, accounting for close to 60% of spend, at over €700m

Credit union member savings have risen from €11.8 billion in 2014 to €15 billion currently.

Challenges remain for sector despite reversal of decline in loan-to-asset ratios

Market turns around: Sales of vinyl jump by more than 40 per cent at Golden Discs.

Sales surpass €13m as record shop chain takes outlet count up to 16 with more due

Rodhán Hickey, the Digital Hub’s first technologist-in-residence

Rodhán Hickey takes top tech role at Digital Hub; Liam Cronin is new CEO of RDI Hub

Workhuman co-founder and chief executive Eric Mosley: ‘We’re really just at the tip of the iceberg in terms of how we can grow the business’

Irish software firm growing fast as organisations see benefit of workplace incentives

Final bids for the company were received last Thursday

Group’s market value has jumped by up to 20% to €1.29bn since putting itself on market

INM shareholders last month overwhelmingly backed the Mediahuis buyout

Mediahuis’s €145.6m acquisition of INM was given the green light earlier this week

The new figures are notably worse than Government projections in the summer economic statement published only last month. Photograph: Bloomberg

Medium-term employment outlook keeps getting worse as Boris Johnson talks up prospect of disorderly departure

Keywords Studios chief executive Andrew Day. Photograph: Dara MacDonaill/The Irish Times

Video gaming company reports a 17% rise in first-half group revenues to €146m

Siobhán Talbot: she insisted  the group was sticking to its medium-term target of growing its earnings per share by  5-10%  annually over five years. Photograph: Bloomberg

Earnings in performance nutrition division fall 30% in first half

The jobless rate is nearly three percentage points below the current euro zone average of 7. 5 per cent

New figures show unemployment rate increased by 0.1% this month to 4.6%

Greencore chief executive Patrick Coveney.

Group reports turnover of £365 million for third quarter, down 2.9 per cent on last year

Jonathan Holmes, managing director, Creative Composites with Alastair Hamilton, chief executive of Invest NI

Advanced composites manufacturer announces an £11m investment in the company

Foreign nationals currently fill around 10 per cent of new jobs created in the Irish economy

Central Bank studies note influx of workers risks overheatng in housing market

Pepper made an €8.6 million gain arising from the sale of its residential mortgage business last year.

Firm reports profits in excess of €16m for 2018 which is up from €5.6m a year earlier

Brian Conlon, founder and chief executive of First Derivatives, previously won the EY Entrepreneur of the Year award. Photograph: Dara Mac Dónaill/The Irish Times

Newry-based businessman (53) ‘inspired all who had the privilege to work with him’

Assure Hedge founder and chief executive Barry McCarthy

Fintech has developed technology to protect companies against currency fluctuations

CarTrawler reported turnover of €164 million for the first nine months of 2018. This compares to €201.7 million for full-year 2017

Company reports drop in profits as it invests back in the business for future growth

At the end of last year there were 119 so-called “active spin-outs” in operation

Figures supplied by Knowledge Transfer Ireland also shows increase in new products

Tullow reported a rise in gross profits to $527 million compared to $521 million for the same period last year as pre-tax profits rose to $268 million from $150 million

Explorer has revised its oil production forecast down to 89,000-93,000 barrels per day

BPFI data shows there were 47,560 mortgage approvals in the 12 months to the end of June, valued at €10.6 billion

Approvals up 4.8% last month as drawdown volumes rise 19.4% in second quarter

Merit Group founder Con Conlon. The UCD graduate first came to prominence when Dyna Software, a company he founded in Dublin in 1994, was acquired by Tas Software four years later

London-listed Dods Group acquires tech company founded by Con Conlon

The global 3D printing medical devices market is set to grow by more than 20% in the next five years.

Company prints anatomical models using data generated from CT, MRI and PET scans

Ecommerce sales are expected to rise to € 2.2 billion in the Republic this year, more than double the revenues of 2010. Photograph: Getty Images

Report suggests revenues will hit €2.2bn this year, double the €1.05bn recorded in 2010

Agora founder Bill Bonner: ‘People now more than ever really want a different view from the news media.’

Company already employs 270 people in southeast across a variety of functions

Perfect Day’s ice cream is dairy free, made with a lab-grown protein

Perfect Day’s yeast product identical to dairy protein in texture, taste and nutritional value

SynergySuite intends to use the new funding to accelerate growth in the US market and to continue developing its software platform

Tech veteran Bill McCabe among those backing restaurant mangement platform

Airbnb is now displaying total charges in the results pages in search queries on its platform

Home share platform agrees to make changes to how it displays pricing info

David Jelly and Marc Rafferty, co-founders of Property Bridges, which aims to ‘unlock the property market for investors’

Kevin Lagan-founded fund will also provide peer-to-peer start-up with €5m in capital

EdgeTier founders Ciarán Tobin, Bart Lehane and Shane Lynn.

Company has developed AI assistant known as Arthur for use by call centre staff

Messagebird employs nearly 250 employees with offices in Amsterdam, London, Hamburg, San Francisco, Shanghai and Sydney

Dutch messaging company has over 15,000 customers including Uber, SAP and Google

Rita Saadeh, MSD’s business unit director, Lebanon; Mauricio Campos Suarez, MSD’s head of IT and digital innovation, EEMEA; Portable Medical Technology chief executive Eoin O’Carroll; and Janine Shahwan, MSD’s digital and innovation lead, Levant.

Portable Medical Technology partners with pharma giant MSD for Lebanon partnership

The European Regional Development fund is responsible for 85% of the scheme’s six-year €269m  budget.

Oireachtas group flags ‘urgent need for certainty on funds’ to swerve return of Troubles

Belfast city centre. There could be a decline of between £100 million to £180 million in exports to the Republic  in the event of a no-deal Brexit

New study warns of ‘profound and long-lasting’ impact from leaving without agreement

Fire.com founder and chief executive Colm Lyon: ‘Today it’s all about the integrated experience’

Company was founded by Irish entrepreneur Colm Lyon after the sale of Realex Payments

Ryanair closed down over 5 per cent lower in Dublin

Ryanair falls 5 per cent as French government threatens eco tax on airlines

Donagh Molloy and Hugh Scully of Dublin Vinyl. “We’ve done feasibility studies through Enterprise Ireland on other markets and really think we can make a go of this,”says founder Scully, a former DJ

Irish company opened its own pressing plant last year and aims to triple capacity

Soldo chief executive Carlo Gualandri: “We are looking at significant investment in organisational growth.”

Fintech start-up recently shifted holding company to Dublin as it eyes EU growth

VideoElephant adds more than 2,000 new clips each day to its fast-growing video library

Irish company has an online library of more than two million professionally-produced videos

eShopWorld chief executive Tommy Kelly. Photograph: Dara Mac Dónaill

Company employs more than 300 people and has plans for a further 150 roles

Former chairman Leslie Buckley, who stepped down in March 2018, previously claimed the breach was a cost-cutting exercise called Operation Quantum. Photograph: Dara Mac Dónaill

Deloitte inquiry concludes data interrogation was not for reason claimed by Leslie Buckley

The State-backed Irish Infrastructure Fund now owns Enet

Telecoms company reported a rise in turnover in 2018 to €17.5m from €16.9 m in 2017

Some €75 million in funding has already been allocated to 27 projects under the first round of the programme

State’s Disruptive Technologies Innovation Fund seeking to boost cutting edge solutions

According to the study, 95% of chartered accountants are in full-time permanent roles.

Average pay packages now exceed €110,000 for accountants with bonuses aplenty

A total of 4,926 mortgages were approved during May, of which 2,520 were for first-time buyers

The value of mortgages approved rose 12.1% year-on-year in May to €1.14 bn

The German DAX graph  at the stock exchange in Frankfurt. Photograph: Reuters/Staff

Iseq closes up 1% higher as C&C rises 4.7% after announcing plan to end Dublin listing

With the cost of fuel declining sharply in recent years, Trifol was forced to revise its plans and pivot towards producing waxes from waste

Portlaoise-based company has developed a process for turning landfill plastic into wax

Apple said that it received 29,183 requests for device data from 213,737 devices worldwide in the second half, for which it supplied data in 22,691 of cases

Some 286 requests for information were sent by Irish authorities to the tech giant in 2018

NDRC chief executive Ben Hurley: he said that even with near full employment in the Republic there were still plenty of wannabe entrepreneurs establishing their own businesses

Early-stage tech investor sees income rise to €5.9m on back of exits and other sources

In the Republic some 20% of people aged 65 to 74  used social media

Data from Eurostat shows that 60% of Irish adults used social media last year

Brad Keywell, chief executive of Uptake Technologies has co-founded seven highly successful technology companies over a near-30 year career. Photograph: Qilai Shen/Bloomberg via Getty Images

Entrepreneur Brad Keywell says anyone considering a listing should check their ego

The Irish passport is considered one of the most prized in the world because it offers visa-free travel to 183 countries

Republic of Ireland in sixth place due to high number of visa-free destinations for holders

Ryanair was one of the main movers in Dublin, gaining 3.3% on the back of numbers that show an 8% rise in passengers flown last month

BoI and Aryzta drag Iseq lower but Ryanair goes higher

“We are very excited that Orreco has come on board as the Hawks enter a new chapter in its history”

The Galway-headquartered start-up is to provide the basketball side with bio-analytical services

Bank of Ireland is unifying all its IT systems under the charge of Jackie Noakes

Bank’s chief operating officer Jackie Noakes given responsibility for €1.4bn tech overhaul

The new fund will target fast-growing SMEs that have a turnover of between €3m and €25m.

ISIF commits €16m to new endeavour, which has a target fund size of up to €100m

Ryanair was among the main movers in Dublin on Friday.

Markets close: Dublin market end higher with the main movers including C&C, Ryanair and Flutter

Participants in Trinity College Dublin’s LaunchBox accelerator programme, now in its seventh year.

Irish companies receive funding of up to €2.5m each from the European Commission

Google warned of a possible “gradual chilling of online expression”.

More than 80 submissions made to consultation on proposed online safety act

Brian Shields of Neurent Medical has been announced as high-potential start-up Founder of the Year 2019 at Enterprise Ireland’s awards. To the left is  Kevin Sherry of Enterprise Ireland and to the right is Kevin Foley of  Grant Thornton. Photograph:  Orla Murray

Galway start-up is developing a medical device to treat rhinitis in offices not surgeries

SaaStock founder Alex Theuma on stage at last year’s event

SaaStock brings 4,000 founders, executives and investors to the city for three days

As much as 75% of global online and mobile ads are expected to be delivered via AI-based programmatic advertising within four years

Digital advertising market it expected to reach $520bn by 2023, up from $294bn this year

Despite the threat of Brexit, 66 per cent of companies surveyed said they intend to maintain or grow sales in Britain over the coming years

New report finds that 70% of agri-food companies have stockpiling stratagies in place

Fianna Fáil finance spokesman Michael McGrath pictured at the event in Dublin Castle

National Economic Dialogue hears of multiple threats to economic prosperity

Taoiseach Leo Varadkar: in July, the Government will publish an updated no-deal Brexit contingency action plan. Photograph: EPA

Government preparing contingency plan for UK crashing-out of EU at end of October

In Dublin, residential property prices fell by 0.8 per cent in the second quarter, and annual inflation is now at 1.2 per cent, its lowest level since early 2016

Average house price in second quarter was €263,000, new figures show

SMEs often face difficulties accessing finance for the purchase of products or may be unable to obtain or agree credit terms with suppliers

Product is aimed at SMES looking to buy goods for resale from within Ireland or overseas

The former Bemis plants have been sold by Australian packaging giant Amcor, which agreed to divest the properties in order to receive European Commission clearance for its $6.8 billion merger with Bemis

Packaging giant Amcor divests plants to get approval for $6.8bn merger with Bemis

The BAI has submitted a proposal to Government in which it seeks to be given extra powers to supervise content shared online. Photograph: iStock

Broadcast authority does not have instincts to perform task, says Simon McGarr

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