Live News
Bite-sized servings of the latest in business, tech and current affairs
Welcome to the Business Post’s Live News section. We’re here all day to keep you up to date on developments in business, tech and current affairs.
07.55 – Musk’s X returns to $44 billion valuation
Social media site X, owned by Elon Musk, has returned back to a $44 billion valuation, the FT reports.
The site’s valuation was reported as low as $10 billion in late September by Fidelity Investments.
However, the new valuation, achieved in a secondary deal earlier this month, puts the valuation back up at similar to what Musk paid for the site in 2022.
07.40 – Asian markets update: Mixed performance across continent
Performances were mixed across Asia, as China is expected to leave its lending rate unchanged on Thursday.
Japan’s Nikkei 225 was down 0.25 per cent. The SSE Composite was down 0.1 per cent. Hong Kong’s Hang Seng Index was little changed.
07.25 – Tracker type mortgage to return with Avant Money
A mortgage product similar to tracker mortgages has returned to Ireland 17 years after the crash with Avant Money launching a new product, the Irish Independent reports.
Avant, which is backed by Spanish firm Bankinter, is launching Flex Mortgage, which is benchmarked on the European wholesale interest rate plus a margin.
Customers will be able to pay off the mortgage earlier or overpay monthly, without any penalties.
07.15 – Good morning
Good morning from the Business Post. Fionn Thompson with you this morning to keep you up to date on all the latest news as it happens.
Kick off your Wednesday morning with Laura Roddy’s piece on how the Central Bank views the Irish economy in the wake of geopolitical threats.
Cónal Thomas has an interview with with Meta Ireland’s Anne O’Leary on cross-Atlantic collaboration with AI.
