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Bishop Fintan Gavin: ‘Carrigaline is just one of the communities now heavily dependent on the pharmaceutical sector and this announcement by Novartis highlights the danger of our dependence on global companies.’ Photograph: Gerard McCarthy

Ireland must not be lured into a false sense of security by its reliance of foreign multinationals but instead should invest more in local indigenous (...)

Chairman of IDA Ireland Frank Ryan, Minister for Enterprise Heather Humphreys, Taoiseach Leo Varadkar and IDA chief executive Martin Shanahan. Photograph: Chris Bellew /Fennell Photography

Sometimes even the best planning comes unstuck. IDA Ireland has long been planning a move out of its long-time home on Wilton Place. Any pluses from i(...)

UK prime minister Boris Johnson urging MPs to back his Brexit deal in the House of Commons this week.

It was a case of eighth time lucky for UK prime minister Boris Johnson as he finally won a vote in the House of Commons this week. And it was not an i(...)

More than 300 workers are to be let go at Novartis in Ringaskiddy, Cork. Photograph; David Creedon/Anzenberger

The announcement that Novartis was shedding just under 60 per cent of the workforce at its Ringaskiddy operation came as a shock. Perhaps it shouldn’t(...)

Fianna Fáil TD  McGrath called for clarity on their situation and said all the Novartis workers had valuable skills and experience and there was production capacity for which there should be a market. Photograph: Brenda Fitzsimons/The Irish Times

The jobs of up to 200 contractors working at the Novartis pharmaceutical company may be lost along with the 320 redundancies the multinational has alr(...)

Novartis in Ringaskiddy,  Co Cork where job losses were announced on Wednesday. Photograph: John Allen/Provision

Trade union and business leaders have reacted with dismay to the news that pharmaceutical giant Novartis is to lay off up to 320 of its 550 strong wor(...)

Bank of Ireland dropped 4.2 per cent to €4.26, while Permanent TSB dipped 0.5 per cent to €1.23.

The Iseq stock index stood out as a weak spot across European markets as uncertainty over whether UK prime minister Boris Johnson would secure support(...)

Photograph: Stefan Wermuth/Bloomberg

Novartis raised its earnings forecast for the third time this year as its new gene therapy got off to a strong start in its first quarter of reported (...)

 China has gone from Roche’s 10th biggest market to its second-largest behind the United States in a decade. Photograph: Chris Ratcliffe/Bloomberg

Swiss drugmaker Roche lifted its 2019 sales target on Wednesday for the third time this year, helped by newer medicines and as China bought more cance(...)

US equity futures dipped after China appeared to pour cold water on a partial trade deal touted by President Donald Trump, saying it wanted to iron out details before signing it.

Stocks in Europe dropped alongside US equity futures after China appeared to pour cold water on a partial trade deal touted by President Donald Trump,(...)

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