Live News Updates from the Business Post covering Irish markets, global business news, and technology trends. Today's headlines include concerns about the UK becoming a dumping ground for cheap goods due to fast fashion companies like Temu and Shein, Intel's sales decline as the chipmaker pursues a turnaround strategy, and Asian markets reacting to the sell-off in AI stocks.
Live News Live News: Irish markets update; Businesses worry UK will become dumping ground for cheap goods Bite-sized servings of the latest in business, tech and current affairs
8.05 - Irish markets update The Iseq All Share opened in the red this morning, down 0.07 per cent to 10,305.89 in early trading. It was a combative, and at times farcical, hearing. Shein's legal counsel for Europe, Yinan Zhu, provoked frustration and incomprehension by failing to answer even basic questions about the Chinese fast fashion giant's business.Full story by Dominic McGrath
The Silicon Valley group said its revenues fell 7 per cent year on year in the fourth quarter to $14.3 billion .7.15 - Asian markets update A gauge of the Asian shares halted a two-day gain, with South Korea’s SK Hynix and Samsung Electronics falling in delayed reaction to the selling of AI stocks, as the nation’s markets reopened after Lunar New Year holidays.
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