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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
Mandatory reporting of all gifts and inheritances under consideration

Mandatory reporting of all gifts and inheritances under consideration

Department of Finance’s Tax Strategy Group examines ways to strengthen the State’s inheritance tax system

Tue Jul 23 2024 - 15:00
Data centres now account for 21% of all electricity consumption

Data centres now account for 21% of all electricity consumption

CSO findings come amid an increasingly heated debate about data centres and their energy demands

Tue Jul 23 2024 - 12:34
European stocks rebound but Ryanair leads airline sell-off

European stocks rebound but Ryanair leads airline sell-off

The pan-European Stoxx 600 index closed 0.9 per cent higher, coming off a five-day losing run

Mon Jul 22 2024 - 18:34
Wholesale electricity prices down 72% since peak of energy price shock

Wholesale electricity prices down 72% since peak of energy price shock

Energy prices spiked after Russia invaded Ukraine in February 2022, reaching a peak in August that year

Mon Jul 22 2024 - 17:21
Irish grocery price inflation lifts for first time in 15 months

Irish grocery price inflation lifts for first time in 15 months

Kantar data suggest price inflation was driving value sales growth rather than increased purchasing

Mon Jul 22 2024 - 12:31
Supermac’s chief wants VAT reprieve for food businesses

Supermac’s chief wants VAT reprieve for food businesses

Pat McDonagh says the industry is struggling to deal with jump in operating costs

Mon Jul 22 2024 - 06:00
Ireland’s demographic time bomb: too many retirees and too few babies

Ireland’s demographic time bomb: too many retirees and too few babies

While birth rates are falling, the number of people aged 65 years and over is accelerating and will reach a record one million by 2030

Sun Jul 21 2024 - 13:30
Fall-off in home sales fails to arrest price growth

Fall-off in home sales fails to arrest price growth

A total of 12,212 homes were sold between April and June this year, a report by property tech firm Geowox indicates

Fri Jul 19 2024 - 05:00
European stocks fall as tech drags sentiment lower

European stocks fall as tech drags sentiment lower

The pan-European Stoxx 600 index closes 0.5 per cent lower

Wed Jul 17 2024 - 18:35
House price inflation jumps to 8.2%, new figures show

House price inflation jumps to 8.2%, new figures show

Latest barometer shows Dublin prices rose an average rate of 8.6% in 12 months to May this year

Wed Jul 17 2024 - 11:30
Sticky inflation could keep interest rates higher for longer, IMF warns

Sticky inflation could keep interest rates higher for longer, IMF warns

Momentum on cutting inflation is slowing as wage rises push prices higher in services sector, report says

Tue Jul 16 2024 - 14:00
Irish population could grow to over 7m by 2057, says CSO

Irish population could grow to over 7m by 2057, says CSO

Central Statistic Office’s latest projections indicates inward migration will be the main driver of population growth, with birth rates predicted to fall

Tue Jul 16 2024 - 12:06
Economic populism of the right has gone mainstream

Economic populism of the right has gone mainstream

UK and French electoral systems have thwarted its advance but the far right is still on the rise globally

Sun Jul 14 2024 - 12:46
Irish inflation falls to three-year low of 2.2% in June

Irish inflation falls to three-year low of 2.2% in June

Price growth in Irish economy continues to moderate in tandem with fall-off in energy costs internationally

Thu Jul 11 2024 - 11:59
Donohoe links €8.3bn budget plan to unexpected population surge

Donohoe links €8.3bn budget plan to unexpected population surge

Irish Fiscal Advisory Council launches broadside at Coalition over €8.3 billion budget plan, claiming it is adopting everything now approach to budgeting

Wed Jul 10 2024 - 15:20
Number of home buyers opting for fixed-rate mortgages drops

Number of home buyers opting for fixed-rate mortgages drops

Central Bank’s latest retail interest rate figures show fixed-rate contracts constitued two thirds of mortgage contracts agreed in May

Wed Jul 10 2024 - 14:02
Bumper €8.3bn tax and spending package earmarked for Budget 2025

Bumper €8.3bn tax and spending package earmarked for Budget 2025

Summer Economic Statement indicates tax measures amounting to €1.4 billion will be in October’s budget with additional spending of €6.9 billion

Tue Jul 09 2024 - 20:01
Government driving a coach and horses through its spending rule

Government driving a coach and horses through its spending rule

Cumulative breaches of the rule will, in real money terms, be in region of €11 billion by the end of next year

Tue Jul 09 2024 - 17:48
Pace of IDA-sponsored investment and jobs slows

Pace of IDA-sponsored investment and jobs slows

Agency’s latest half-year report said it supported 131 investments enabaling delivery of 8,900 jobs

Mon Jul 08 2024 - 11:57
Global trend towards trade protectionism poses big risk for State, warns KPMG

Global trend towards trade protectionism poses big risk for State, warns KPMG

Consultancy predicts growth to slow in global gross domestic product this year on back of increasing geopolitical tensions

Mon Jul 08 2024 - 06:00
Looser mortgage lending rules linked to Irish house price surge, says MyHome

Looser mortgage lending rules linked to Irish house price surge, says MyHome

House asking prices rose at the fastest pace in two years, according to property website

Mon Jul 08 2024 - 06:00
ICS Mortgages cuts rates for buy-to-let borrowers

ICS Mortgages cuts rates for buy-to-let borrowers

Non-bank lender says buy-to-let rates would be reduced by 0.15 per cent from August 1st

Mon Jul 08 2024 - 05:33
Government urged to introduce productivity supports for food and drink firms

Government urged to introduce productivity supports for food and drink firms

Food Drink Ireland (FDI) says rapid rise in costs is threatening viability of many firms in sector

Mon Jul 08 2024 - 05:31
Construction activity contracts but housing output remains on upward curve

Construction activity contracts but housing output remains on upward curve

BNP Paribas’s latest index for the construction sector here fell to 47.5 in June as work on commercial projects fell

Mon Jul 08 2024 - 00:00
What would a Eurosceptic government in the heart of the EU mean?

What would a Eurosceptic government in the heart of the EU mean?

Macron’s election gamble has engineered a dangerous moment for France and the European Union

Sun Jul 07 2024 - 19:18
European shares fall on French election uncertainty

European shares fall on French election uncertainty

The pan-European Stoxx 600 index ended 0.2 per cent lower, after notching a more than one-week high early in the day

Fri Jul 05 2024 - 17:59
Six ways Jack Chambers might spend Ireland’s corporate tax windfall in Budget 2025

Six ways Jack Chambers might spend Ireland’s corporate tax windfall in Budget 2025

About half the State’s annual corporate tax take – €12 billion – is now classified as windfall

Thu Jul 04 2024 - 15:06
Glenveagh on track to meet targets despite dip in earnings

Glenveagh on track to meet targets despite dip in earnings

Home builder says it has completed 800 units of its 2,700 full-year target for 2024

Thu Jul 04 2024 - 07:51
Buoyant tax returns likely to fuel political demands for giveaway budget

Buoyant tax returns likely to fuel political demands for giveaway budget

Pressure likely to mount on Chambers and Donohoe to be generous as corporation tax receipts up 15 per cent on last year

Thu Jul 04 2024 - 06:00
Chambers warns Ministers as spending pressures build ahead of budget

Chambers warns Ministers as spending pressures build ahead of budget

Minister for Finance says Ministers will have to prioritise in new post-Covid, post-inflationary crisis period

Wed Jul 03 2024 - 20:43
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