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ECB cuts interest rates for second time as inflation continues to slow

ECB cuts interest rates for second time as inflation continues to slow

Frankfurt trims its key lending rate, the one that affects mortgage rates, by 25 basis points to 4 per cent, providing some relief for mortgage holders

Thu Sept 12 2024 - 13:16
Inflation falls to three-year low of 1.7% in August

Inflation falls to three-year low of 1.7% in August

Headline price growth in Irish economy continues to soften on back of reduced energy prices

Thu Sept 12 2024 - 11:36
Bright outlook but with some turbulence ahead for Irish economy

Bright outlook but with some turbulence ahead for Irish economy

The Irish economy continues to perform well but there are potential speed bumps ahead

Thu Sept 12 2024 - 05:00
Ipha announces new president while calling on next government to prioritise swifter access to medicines

Ipha announces new president while calling on next government to prioritise swifter access to medicines

Industry body for research-led pharma sector in Ireland unveils Takeda’s Shane Ryan as its new president

Wed Sept 11 2024 - 18:07
Savers stuck with low interest rates for seventh consecutive month

Savers stuck with low interest rates for seventh consecutive month

Average interest rate offered on overnight deposit accounts a mere 0.13% in July, Central Bank figures show

Wed Sept 11 2024 - 16:11
Extension of Trump-era tax cuts will add $5.5tn to US’s already ballooning debt

Extension of Trump-era tax cuts will add $5.5tn to US’s already ballooning debt

PwC conference hears of impending tax cliff in US and how upcoming election will determine US tax policy for years to come

Tue Sept 10 2024 - 19:53
Ireland’s corporate tax bubble is now a €30bn hot air balloon

Ireland’s corporate tax bubble is now a €30bn hot air balloon

Not for the first time Apple has sent Ireland’s tax figures stratospheric and the Department of Finance running for cover

Sun Sept 08 2024 - 13:05
Irish economy unexpectedly contracts by 1% in second quarter

Irish economy unexpectedly contracts by 1% in second quarter

Revised GDP numbers show economy shrank by 4.4 per cent in the first half of 2024

Thu Sept 05 2024 - 18:50
Invest NI opens new Dublin hub to exploit North’s dual access to UK and EU markets

Invest NI opens new Dublin hub to exploit North’s dual access to UK and EU markets

Republic is second largest source of foreign direct investment for Northern Ireland

Wed Sept 04 2024 - 18:14
Government’s budget plan will ‘needlessly’ add to pricing pressures in economy, warns watchdog

Government’s budget plan will ‘needlessly’ add to pricing pressures in economy, warns watchdog

Irish Fiscal Advisory Council claims Government is pursuing an ‘everything now’ approach to budgeting by simultaneously promising tax cuts and higher spending

Wed Sept 04 2024 - 00:00
Is our fiscal watchdog’s overheating warning overbaked?

Is our fiscal watchdog’s overheating warning overbaked?

Budgetary oversight organisation claims Coalition is pursuing an ‘everything now’ approach to the budget which will add fuel to the price fire

Wed Sept 04 2024 - 00:00
More than four-fifths of State energy supply still via fossil fuels despite increased use of renewables

More than four-fifths of State energy supply still via fossil fuels despite increased use of renewables

Analysis by Sustainable Energy Authority of Ireland warns move to less carbon-intensive economy is not happening fast enough

Tue Sept 03 2024 - 05:00
Next government must prioritise delivery of 300,000 new homes, says Ibec

Next government must prioritise delivery of 300,000 new homes, says Ibec

Employers’ group publishes pre-election manifesto

Tue Sept 03 2024 - 00:15
Ireland’s changing demographics: from Famine decline to immigration-boost

Ireland’s changing demographics: from Famine decline to immigration-boost

As people live longer, the population’s age profile is advancing more rapidly than at any other time

Sun Sept 01 2024 - 11:36
Irish inflation falls to just 1.1% as energy prices decline

Irish inflation falls to just 1.1% as energy prices decline

Latest flash estimate for the harmonised index of consumer prices in Ireland comes ahead of expected ECB rate cut next month

Thu Aug 29 2024 - 11:30
Olympic success fails to lift financially cautious Irish consumer

Olympic success fails to lift financially cautious Irish consumer

Irish consumer sentiment weakens in August as consumers remain cautious about economy and cost-of-living

Thu Aug 29 2024 - 06:00
Fewer than six properties to rent per 10,000 people in Republic, report finds

Fewer than six properties to rent per 10,000 people in Republic, report finds

Analysis by property firm Savills highlights the chronic shortage of available property to rent and buy across State

Wed Aug 28 2024 - 05:00
Average weekly earnings rise by 5.6% as workers seek real wage catch-up

Average weekly earnings rise by 5.6% as workers seek real wage catch-up

CSO’s latest earnings data show workers earned an average of €963 a week in the second quarter

Tue Aug 27 2024 - 12:24
Budget 2025 may be last chance to put in place resources needed to achieve climate plan, wind group says

Budget 2025 may be last chance to put in place resources needed to achieve climate plan, wind group says

Wind Energy Ireland warns lengthy planning timelines for delivery poses risk to State’s climate targets

Tue Aug 27 2024 - 06:00
Penalty points adding hundreds of euro to motor insurance premiums

Penalty points adding hundreds of euro to motor insurance premiums

Survey by Peopl Insurance highlights how much insurance costs accelerate with penalty points

Tue Aug 27 2024 - 00:00
More than 40% of Irish workers not utilising their full holiday entitlements

More than 40% of Irish workers not utilising their full holiday entitlements

Survey by FRS Recruitment indicates nearly a fifth of employees did not use five days of their annual leave last year

Mon Aug 26 2024 - 05:30
Christmas air fares could hit ‘record high’  because of passenger cap, Michael O’Leary warns

Christmas air fares could hit ‘record high’ because of passenger cap, Michael O’Leary warns

Ryanair chief says 32 million passenger restriction will lead to record high air fares

Mon Aug 26 2024 - 05:00
Why are Irish house prices surging again?

Why are Irish house prices surging again?

Since the ECB began raising interest rates in July 2022, Irish property prices have surged by 10%

Sun Aug 25 2024 - 11:18
World shares gain after Fed signals lower rates

World shares gain after Fed signals lower rates

US Federal Reserve chair Jerome Powell says ‘the time has come’ to cut interest rates

Fri Aug 23 2024 - 18:34
Seamus Coffey appointed as chair of Irish Fiscal Advisory Council

Seamus Coffey appointed as chair of Irish Fiscal Advisory Council

Cork-based economist was previously chairman of the budgetary body between 2017 and 2019

Thu Aug 22 2024 - 13:22
Irish employment hits 2.75m with record female participation

Irish employment hits 2.75m with record female participation

Professional, scientific and technical activities, as well as industry sector, lead the way in growth

Thu Aug 22 2024 - 12:35
Budget 2025 must be framed around infrastructure delivery rather than ‘handouts’, Ibec says

Budget 2025 must be framed around infrastructure delivery rather than ‘handouts’, Ibec says

Employers’ group says potential for economy to grow is hinged on delivery of large-scale infrastructural projects

Thu Aug 22 2024 - 00:00
McDonald’s plans 200 new restaurants in UK and Ireland, creating 24,000 jobs

McDonald’s plans 200 new restaurants in UK and Ireland, creating 24,000 jobs

Fast food giant says it plans to create 24,000 jobs in both countries over the next four years

Wed Aug 21 2024 - 16:23
More than 70 fake eFlow websites detected as ‘smishing’ attacks on consumers surge

More than 70 fake eFlow websites detected as ‘smishing’ attacks on consumers surge

About two million domestic and foreign motorists use the M50 and Dublin Port Tunnel toll roads each year, Transport Infrastructure Ireland says

Wed Aug 21 2024 - 10:12
Irish head of global communications giant FleishmanHillard to step down

Irish head of global communications giant FleishmanHillard to step down

John Saunders to become chairman with chief operating officer JJ Carter replacing him as president and chief executive

Tue Aug 20 2024 - 16:57
Euro area inflation rises to 2.6% but ECB rate cut still on the cards

Euro area inflation rises to 2.6% but ECB rate cut still on the cards

Marginal uptick in price growth not expected to derail ECB interest rate cut in September

Tue Aug 20 2024 - 12:39
Supply of second-hand homes for sale down by a third since pandemic

Supply of second-hand homes for sale down by a third since pandemic

Sherry FitzGerald says there just 12,785 second-hand properties listed for sale in July, equating to just 0.6 per cent of the State’s entire private housing stock

Tue Aug 20 2024 - 11:43
Government urged to reintroduce boom-time Section 23 tax break for builders and developers

Government urged to reintroduce boom-time Section 23 tax break for builders and developers

Auctioneers body says renewed relief would boost badly needed rental supply

Mon Aug 19 2024 - 15:26
SMEs account for 99.8% of all businesses in Ireland and employ two thirds of workforce

SMEs account for 99.8% of all businesses in Ireland and employ two thirds of workforce

CSO’s latest business in Ireland’ survey indicates turnover by businesses of all sizes amounted to just under €1.3 trillion in 2022

Mon Aug 19 2024 - 12:54
Olympics boosts supermarket sales but grocery-price inflation rises again

Olympics boosts supermarket sales but grocery-price inflation rises again

Supermarket sales in the Republic rose by 7 per cent in the four weeks to August 4th

Mon Aug 19 2024 - 11:57
Why brainstorming and nitty-gritty are off limits in the workplace

Why brainstorming and nitty-gritty are off limits in the workplace

List of terms on the linguistic naughty step are growing because they are thought to offend even where it is not obvious offence is being taken

Sun Aug 18 2024 - 11:38
The 10 blockbuster companies behind Ireland’s corporate tax windfall

The 10 blockbuster companies behind Ireland’s corporate tax windfall

Revenue from the business tax generated €23.8 billion last year, equivalent to €5,000 for every man, woman and child in the State

Fri Aug 16 2024 - 06:00
European stocks gain for third straight session as fears of US recession recede

European stocks gain for third straight session as fears of US recession recede

Sentiment boosted by upbeat global economic data, although some analysts cautioned investors against complacency

Thu Aug 15 2024 - 18:33
Kenmare ‘well-placed’ to tap into growing global demand for titanium

Kenmare ‘well-placed’ to tap into growing global demand for titanium

Dublin-headquartered mining group sees lower shipments of product from its Moma titanium mine in northern Mozambique

Wed Aug 14 2024 - 17:24
Glanbia shares slide as ‘pricing noise’ drives revenues down

Glanbia shares slide as ‘pricing noise’ drives revenues down

Kilkenny-based food group said overall group revenue fell by 1.1% to $1.82bn on a constant currency basis

Wed Aug 14 2024 - 07:53
Most estate agents believe Irish property prices now expensive or very expensive

Most estate agents believe Irish property prices now expensive or very expensive

Society of Chartered Surveyors Ireland report also predicts prices to rise a further 4.5 per cent in the coming year

Wed Aug 14 2024 - 00:01
Switch to electric motoring stalls as EV sales fail to pick up in July

Switch to electric motoring stalls as EV sales fail to pick up in July

CSO figures show new EV licensed vehicles totalled 12,765 in the seven-month period from January to July

Tue Aug 13 2024 - 13:24
Do Ireland’s top earners pay too much tax?

Do Ireland’s top earners pay too much tax?

Department of Finance considers whether State’s tax system is in fact too progressive and therefore uncompetitive

Sun Jul 28 2024 - 14:19
Irish consumer sentiment lifts as inflation eases and economy grows

Irish consumer sentiment lifts as inflation eases and economy grows

Latest Credit Union barometer points to an easing of strain on consumers

Fri Jul 26 2024 - 05:00
State’s housing targets at risk as new home completions stall

State’s housing targets at risk as new home completions stall

Latest figures indicate there were 6,884 new dwelling completions between April and June this year, a fall of 5.4 per cent on the same period last year

Thu Jul 25 2024 - 11:49
Creaking energy and water systems represent ‘reputational risk’ for Ireland, council warns

Creaking energy and water systems represent ‘reputational risk’ for Ireland, council warns

Competitiveness council warns current strain on utilities meant business demand would soon outstrip supply with ramifications for inward investment

Wed Jul 24 2024 - 14:25
Greencore upgrades earnings outlook as revenue increases

Greencore upgrades earnings outlook as revenue increases

Convenience food group said it expects full-year adjusted operating profit to be in a range of £88m-£90m

Wed Jul 24 2024 - 07:50
Car congestion charge should be considered, officials advise

Car congestion charge should be considered, officials advise

Annual tax strategy papers ahead of budget also call for mandatory reporting of all inheritances

Wed Jul 24 2024 - 05:00
Tax strategy papers: the highlights

Tax strategy papers: the highlights

Inheritance tax changes, congestion charges, indexing the income tax system and hospitality’s pursuit of the 9 per cent VAT rate

Tue Jul 23 2024 - 19:30
Department of Finance torpedoes return of 9% VAT rate for hospitality

Department of Finance torpedoes return of 9% VAT rate for hospitality

Government’s tax strategy group also highlights progressive nature of income tax system with 10% of high earners accounting for nearly two-thirds of income tax

Tue Jul 23 2024 - 18:06
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