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Dublin Airport contributing nearly 10 billion euro to Irish economy

DUBLIN, Ireland – The importance of the tourism industry to Ireland has been highlighted in a report which has examined the impact of Dublin Airport on the Irish economy. The

Business

Stocks in Asia recover from coronavirus scare

SYDNEY, Australia – Stocks in Asia rebounded on Wednesday, clawing back some of the extensive losses of a day earlier. The coronavirus scare reached stock markets globally on Tuesday, sparking

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Raytheon lands lucrative $442 million U.S. military contract

WASHINGTON, DC – The Pentagon on Thursday awarded more than half-a-billion dollars in defense contracts. With around 0.53 cents in every $1 of U.S. taxation going on military spending, and

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Trade hopes underpin modest gains on Wall Street

NEW YORK, New York – U.S. stocks rallied on Wednesday after the long-anticipated China-U.S. trade deal, or at least part of it, was finally finalized. U.S. President Donald Trump and

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Australian stocks hit record high, Nikkei 225 jumps 535 points

SYDNEY, NSW, Australia – Despite raging bushfires, it is business as usual on Australian stock markets with the benchmark All Ordinaries index on Thursday hitting an all-time high. The big

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Cyrus Mistry gives up quest for directorships of Tata Sons

NEW DELHI, India – Cyrus Mistry on Sunday said that he will not be pursuing the executive chairmanship of Tata Sons or directorship of TCS, Tata Teleservices or Tata Industries,

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Wall Street kicks off 2020 with bang

NEW YORK, New York – U.S. stocks rose sharply on Thursday, the first day of trading of the New Year. The U.S. dollar too sparked a comeback, clawing back recent

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Chinese stocks trend higher Monday

SYDNEY, Australia – Chinese equity markets rose on Monday in thin holiday trading. It was a different story however in Japan and Australia where stocks fell. The U.S. dollar remained

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Washington has Silicon Valley in its sights

SAN FRANCISCO, California – The era of Silicon Valley operating largely free from government regulation may be coming to an end. In 2019, lawmakers grilled tech executives at multiple hearings

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New records broken on Wall Street as stocks surge

NEW YORK, New York – U.S. stocks rallied on Monday, pushing the major indices to new record highs. Weekend reports that U.S. President Donald Trump had remarked that the first

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BMW reaches sales milestone of 500,000 electric cars

MUNICH, Germany – BMW has delivered half a million electrified cars to customers worldwide, the company said in a statement Thursday. “Half a million vehicles is the best proof: Our

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Boeing to suspend production of 737s next month

CHICAGO, Illinois – Boeing is to suspend production of its 737 planes as of next month. The announcement came Monday in a statement from the company which said safely returning

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U.S. stocks climb again as trade deal with China is announced

NEW YORK, New York – U.S. stocks rose again Friday after momentous gains a day earlier. Gains on Friday however were modest. Investors on Thursday reacted to reports that the

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U.S. stocks ease ahead of new tariffs on Chinese goods

NEW YORK, New York – The looming U.S. tariffs proposed to be implemented on Sunday continued to keep buyers at bay on Wall Street on Tuesday. “I don’t think that

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Strong jobs report lifts U.S. stock markets

NEW YORK, New York – A robust jobs market in the U.S. may help the country avoid a recession. Figures released Friday indicated growth in employment numbers rose in November

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Australian stocks fall heavily again

SYDNEY, Australia – Australian stocks continued to be sold off on Wednesday, a day after losing $47 billion of their value in the biggest one-day fall in four months. The

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Philippines energy project to move to second stage of exploration

TABUK, Kalinga – The Kalinga Geothermal Project (KGP) is on track to complete the exploration phase with the drilling of two slimhole wells. The Department of Energy (DOE) awarded the

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Thanksgiving comes early to Wall Street, indices hit new record highs

NEW YORK, New York – All the major indices in the U.S. put in record-breaking performances for the third day in a row on Wednesday. The U.S. Federal Reserve’s Beige

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U.S. Army to spend $109 million on bomb disposal robots

DETROIT Michigan – The U.S. Army has awarded a $109 million contract to FLIR Systems to produce the Common Robotic System – Heavy, or CRS-H to enhance bomb disposal options.

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Surprise stimulus by Chinese central bank lifts Asian stocks

SYDNEY, Australia – Stocks in Asia Pacific mostly rose on Monday after a surprise move by China to trim a key interest rate. The move by China’s central bank to

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U.S. Federal Reserve sees sustained expansion of economic activity

WASHINGTON, DC – The U.S. Federal Reserve remains upbeat about the American economy citing favorable consumer confidence, a strong jobs market, wages growth, and robust household consumption. “The U.S. economy

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Heavy going on Wall Street as about-turns on China weigh

NEW YORK, New York – U.S. stocks were weaker on Monday as the trade ructions with China continued, Moody’s changed it’s outlook for the UK from stable to negative, and

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Asian stock markets subdued, Nikkei 225 makes modest gain

SYDNEY, Australia – There was little follow-through in Asia on Friday of the euphoria which gripped Wall Street overnight, sending the major indices into record territory. Only the Japanese market

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McDonald’s shares fall 3% on CEO ousting

CHICAGO, Illinois – Shares in McDonald’s Corp fell more than 3% on Monday despite rising stock prices across the board. The loss of value in the company was attributed to

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Phone call between Beijing and Washington sends Wall Street soaring

NEW YORK, New York – A telephone call between Washington and Beijing seemed to be enough to ignite markets in the U.S. on Friday. China’s Xinhua news agency on Friday