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Ex-Google engineer in line for $8bn IPO payday

Ex-Google engineer in line for $8bn IPO payday

Colin Huang‘s decision to quit Silicon Valley and return to China is proving one of the more ludicrously lucrative career moves in recent years, even in this era of extreme wealth creation. The former Google engineer, who founded Shanghai-based Pinduoduo Inc three years ago, could soon have an $8.3bn (€7bn) fortune, based on his holding in the ecommerce operator. That […]

Ericsson boosted by cost cuts and US sales

Ericsson boosted by cost cuts and US sales

Ericsson has soared on signs that CEO Borje Ekholm‘s turnaround of the Swedish maker of wireless networks is taking hold. Profitability improved at a quicker pace than analysts had estimated for the second consecutive quarter, as cost cuts boosted earnings and customers embraced new products. The company‘s gear gained traction, particularly in North America, where all major carriers are preparing […]

RDS wants State to help with €60m revamp of famed venue

RDS wants State to help with €60m revamp of famed venue

As views from the office go Michael Duffy‘s is hard to top. The RDS chief executive is based in the corner of the Anglesey Stand, looking out over the verdant expanse of the RDS arena. The arena has just played host to a Paul Simon concert with 35,000 attendees. Now the ground staff‘s job is to get the place ready […]

Engie and ESB seek to profit amid surge in energy storage planning applications

Engie and ESB seek to profit amid surge in energy storage planning applications

French giant Engie and the ESB are among companies seeking to build large-scale energy storage projects here, amid a surge in planning applications for such storage facilities. Analysis by PHR, a planning and research consultancy, shows there has been at least 40 applications since June 1 last year. Its analysis of Irish planning databases revealed no such applications between January […]

Business sentiment weakens as Brexit and trade fears weigh

Business sentiment weakens as Brexit and trade fears weigh

Irish business sentiment has weakened since the spring as geopolitical uncertainty weighs on firms‘ expectations. Although firms were still positive on the whole, with stronger output and hiring in the last three months, concerns about Brexit and trade tensions meant they were more guarded. A sentiment index, published by KBC Bank Ireland and Chartered Accountants Ireland, published its weakest reading […]

€25k per acre for nursing-home site

€25k per acre for nursing-home site

Agent Edward Carey Property is guiding a price of €25,000 per acre for a 19.75 acre (8 hectare) parcel of zoned land suitable for a nursing home or retirement village at Derrinturn, in Co Kildare. The subject site is within the development boundary of Derrinturn, and sits within walking distance of the village‘s health centre, church, and pharmacy. The lands […]

Startup Diary: 20:20 hindsight vital to find out where you are on launch mission

Startup Diary: 20:20 hindsight vital to find out where you are on launch mission

Our little startup is nearly a year old. I started development and planning in August 2017, formed the company that September, and hired staff in October. Enough time has now passed to start really examining our decisions with the benefit of distance in time. The whole point of this startup diary is to provide a tool for making better decisions, […]