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Inflation across OECD drops for first time since November 2020

Inflation across OECD drops for first time since November 2020

Latest figures suggest price growth across industrialised world moderated to 10.2% in July

Tue Sept 06 2022 - 12:20
Services output continues to grow despite price squeeze

Services output continues to grow despite price squeeze

CSO says the value of services produced in the Republic rose by 0.5% in July

Tue Sept 06 2022 - 11:29
Housing supply key to taming price growth and boosting affordability, says banking group

Housing supply key to taming price growth and boosting affordability, says banking group

Banking and Payments Federation Ireland (BPFI) welcomes recent increase in housing ouput

Tue Sept 06 2022 - 05:45
OECD’s tax chief Pascal Saint-Amans to step down after more than 10 years in the job

OECD’s tax chief Pascal Saint-Amans to step down after more than 10 years in the job

Saint-Amans spearheaded reform of the international tax system

Mon Sept 05 2022 - 15:59
Why we can’t throw the kitchen sink at inflation

Why we can’t throw the kitchen sink at inflation

Chasing the current price squeeze would be self-defeating and we don’t have the resources

Sun Sept 04 2022 - 13:21
Surging tax revenues provide Government with unprecedented war chest ahead of budget

Surging tax revenues provide Government with unprecedented war chest ahead of budget

Commission on Taxation and Welfare recommend consideration of ‘tourist tax’

Sat Sept 03 2022 - 00:01
Government’s position boosted ahead of budget with €6bn exchequer surplus

Government’s position boosted ahead of budget with €6bn exchequer surplus

Performance was driven by strong growth in corporation tax, income tax and VAT

Fri Sept 02 2022 - 16:31
Irish economy grows at more modest rate of 1.8% in second quarter

Irish economy grows at more modest rate of 1.8% in second quarter

GDP up by more than 11%, pointing to a strong bounce back from the pandemic period

Fri Sept 02 2022 - 11:48
Almost half of Irish households facing energy poverty, warns ESRI

Almost half of Irish households facing energy poverty, warns ESRI

Very hard to predict when levelling off of energy prices will happen, says senior researcher

Fri Sept 02 2022 - 08:56
Consumers to get help paying energy bills

Consumers to get help paying energy bills

Measures will target the less-well-off, those struggling on middle incomes and businesses, Paschal Donohoe says

Fri Sept 02 2022 - 00:05
Tax system’s over-reliance on multinational firms and employees poses serious risk — report

Tax system’s over-reliance on multinational firms and employees poses serious risk — report

Department finds a third of tax is generated by half a million taxpayers and 10 companies

Thu Sept 01 2022 - 16:34
Electric Ireland blames latest price hikes on volatility in wholesale market

Electric Ireland blames latest price hikes on volatility in wholesale market

State’s largest energy supplier blames increase on rising wholesale prices internationally

Thu Sept 01 2022 - 12:32
Manufacturers scale back output as inflation curbs demand

Manufacturers scale back output as inflation curbs demand

AIB’s latest PMI for sector points to gradual slowdown as price growth overwhelms consumers

Thu Sept 01 2022 - 05:00
Young generations face lower standard of living in retirement, study indicates

Young generations face lower standard of living in retirement, study indicates

Research by Central Bank highlights impact of changing population dynamics on intergenerational wealth

Wed Aug 31 2022 - 13:46
Unemployment lifts marginally in August but remains at two-decade low of 4.3%

Unemployment lifts marginally in August but remains at two-decade low of 4.3%

The unemployment rate remained at a two-decade low in August despite fears of an economic slowdown

Wed Aug 31 2022 - 11:38
Dalata moves back into profit as rebound from Covid continues

Dalata moves back into profit as rebound from Covid continues

Hotel chain reports after-tax profit of €46.7 million for the six months to the end of June

Wed Aug 31 2022 - 07:52
Irish inflation could top 13% in coming months, ‘driven by surge in energy prices’

Irish inflation could top 13% in coming months, ‘driven by surge in energy prices’

Headline rate ‘significantly above’ elevated figure now a distinct possibility, says stockbroker Davy

Mon Aug 29 2022 - 18:32
ICS announces sharp jump in variable mortgage interest rates

ICS announces sharp jump in variable mortgage interest rates

Mortgage lender announces 50% rise in interest rate for homeowners from October with lower increase on buy-to-let products

Mon Aug 29 2022 - 14:49
Ibec warns Government may need to widen budget measures if economy deteriorates

Ibec warns Government may need to widen budget measures if economy deteriorates

Employers group warns Government may need to go beyond the measures due to be announced in next month’s budget if economic conditions continue to deteriorate.

Mon Aug 29 2022 - 12:52
Ireland has a lot of problems – but economically has never been more prosperous

Ireland has a lot of problems – but economically has never been more prosperous

Pandemic lockdowns of 2020 trigger mini baby boom while Ukranian refugees add to influx of migrants

Sun Aug 28 2022 - 13:10
Mortgage activity declines as cost-of-living squeeze dampens market

Mortgage activity declines as cost-of-living squeeze dampens market

Banking & Payments Federation Ireland figures show number of approvals fell by nearly 12% in July

Fri Aug 26 2022 - 05:00
Vodafone to refund €2m to 74,000 customers who were charged after cancelling contracts

Vodafone to refund €2m to 74,000 customers who were charged after cancelling contracts

Company says those affected will be refunded using the email address that Vodafone has on record

Thu Aug 25 2022 - 12:49
Employment in Republic surges to 2.55m

Employment in Republic surges to 2.55m

CSO data points to strong pick-up in employment across most sectors and a corresponding decline in unemployment

Thu Aug 25 2022 - 12:04
Another half-point ECB rate hike likely, say Irish-based economists

Another half-point ECB rate hike likely, say Irish-based economists

Aggressive rate-setting expected for rest of the year due to mounting inflationary pressure

Thu Aug 25 2022 - 05:30
State sees biggest rise in population since 2008 amid near record migration

State sees biggest rise in population since 2008 amid near record migration

Latest CSO data shows population recorded its biggest annual increase since 2008

Wed Aug 24 2022 - 12:09
Fruit giant Dole doubles revenue on back of merger with Total Produce

Fruit giant Dole doubles revenue on back of merger with Total Produce

Newly merged entity downgrade earnings forecast on back of strong dollar

Tue Aug 23 2022 - 15:37
Strong dollar dampening global trade growth, OECD says

Strong dollar dampening global trade growth, OECD says

Figures point to slowing growth as world grapples with fallout from Ukraine war

Tue Aug 23 2022 - 11:54
Why is Ireland so unattractive to foreign banks?

Why is Ireland so unattractive to foreign banks?

Why are big European lenders like NatWest and KBC so keen to get out of Ireland?

Sun Aug 21 2022 - 12:04
Workers at CRH subsidiary describe boss’s 24% pay rise as ‘kick in the teeth’

Workers at CRH subsidiary describe boss’s 24% pay rise as ‘kick in the teeth’

CRH boss Albert Manifold gets dragged into row over pay at company’s UK subsidiary Tarmac

Sat Aug 20 2022 - 05:00
Wine sales in Ireland fall as consumers drift back to bars and drink less overall

Wine sales in Ireland fall as consumers drift back to bars and drink less overall

Latest wine market report from industry group Drinks Ireland highlights fall-off in sales last year after record 2020

Fri Aug 19 2022 - 05:00
European shares up on energy boost, but inflation caps gains

European shares up on energy boost, but inflation caps gains

Continent-wide Stoxx 600 ended 0.4 per cent higher

Thu Aug 18 2022 - 17:50
Another rate hike on the cards for September as ECB warns inflation outlook hasn’t improved

Another rate hike on the cards for September as ECB warns inflation outlook hasn’t improved

Bank’s markets chief Isabel Schnabel likely to seek large rate increase as euro zone inflation rises to record 8.9%

Thu Aug 18 2022 - 15:30
Irish consumer confidence hits 22-month low as households brace for winter of discontent

Irish consumer confidence hits 22-month low as households brace for winter of discontent

KBC Bank Ireland’s latest barometer points to gloomy mood as price pressures persist

Thu Aug 18 2022 - 05:00
Site value tax will restrict land hoarding and make housing cheaper, commission claims

Site value tax will restrict land hoarding and make housing cheaper, commission claims

Commission on Taxation and Welfare suggests taxing land could potentially raise more revenue than existing LPT and rates regimes

Thu Aug 18 2022 - 05:00
ResMed to create 70 new jobs, opens new €30m R&D centre in Dublin

ResMed to create 70 new jobs, opens new €30m R&D centre in Dublin

Digital health company manufactures medical products to combat sleep and respiratory disorders

Wed Aug 17 2022 - 11:26
Glanbia ‘exceeded plans’ as revenue jumps 38.5% in first half

Glanbia ‘exceeded plans’ as revenue jumps 38.5% in first half

Action taken to counter inflation has started to pay off, according to dairy and nutrition company

Wed Aug 17 2022 - 07:30
Value of output in services sector continues to rise despite cost-of-living squeeze

Value of output in services sector continues to rise despite cost-of-living squeeze

The value of services was 21.5% higher in June compared with the same month last year, CSO figures show

Tue Aug 16 2022 - 17:16
Unions call on Tánaiste to intervene to save jobs at  Premier Periclase in Drogheda

Unions call on Tánaiste to intervene to save jobs at Premier Periclase in Drogheda

Company which makes magnesium-based products has been hit by spiralling energy costs

Mon Aug 15 2022 - 19:29
European shares edge higher on defensive lift as weak China data stokes worries

European shares edge higher on defensive lift as weak China data stokes worries

China-exposed sectors lead losses, while Healthcare stocks were among biggest boost to European bourses

Mon Aug 15 2022 - 17:47
Irish exports hit half-year record of €105bn as pharma trade booms

Irish exports hit half-year record of €105bn as pharma trade booms

Trade data points to pick-up in value of goods imports from Britain, reflecting higher energy and fuel prices

Mon Aug 15 2022 - 12:09
Taxing empty homes a political sideshow that will not fix housing crisis

Taxing empty homes a political sideshow that will not fix housing crisis

The truth, according to data, is that the State’s vacancy rate is low and a tax would be hard to design given the valid exemptions

Sun Aug 14 2022 - 11:18
High rejection rate associated with State mortgage scheme linked to repayment capacity

High rejection rate associated with State mortgage scheme linked to repayment capacity

Local Authority Home Loan scheme provides loans to first-time buyers at a reduced rate

Fri Aug 12 2022 - 05:00
European shares tick higher after a strong rally in previous session on signs of US inflation cooling

European shares tick higher after a strong rally in previous session on signs of US inflation cooling

Money markets are pricing in over a 60% chance of a 50 bps hike from the Fed at next month’s meeting

Thu Aug 11 2022 - 20:14
Forestry consultants claim State service breaches EU competition law

Forestry consultants claim State service breaches EU competition law

Association of Irish Forestry Consultants takes case against Government to European Commission

Thu Aug 11 2022 - 05:00
Coalition pledges tax package to benefit almost all workers

Coalition pledges tax package to benefit almost all workers

Welfare recipients, renters and landlords set to gain from upcoming budget

Thu Aug 11 2022 - 05:00
Indexing tax system would boost pay of 2m workers but cost up to €1.1bn a year

Indexing tax system would boost pay of 2m workers but cost up to €1.1bn a year

Tax strategy group estimates cost of inflation-proofing tax system

Wed Aug 10 2022 - 13:52
Shift to buying electric and hybrid cars accelerates

Shift to buying electric and hybrid cars accelerates

Electric and plug-in hybrid cars accounted for more than a fifth of all new vehicles licensed in the State this year

Wed Aug 10 2022 - 12:25
Aviva’s Irish operation sees profits fall due to higher insurance claims

Aviva’s Irish operation sees profits fall due to higher insurance claims

Chief executive urges Government to implement legislation to help reduce number of claims going to court

Wed Aug 10 2022 - 08:30
Bed price inflation boosts revenue at Hostelworld

Bed price inflation boosts revenue at Hostelworld

Dublin-based hostel booking company reports net revenue of €28 million for the first six months of 2022

Wed Aug 10 2022 - 07:46
Ministers favour widening income tax bands over new 30% rate

Ministers favour widening income tax bands over new 30% rate

Tax Strategy Group papers, published on Wednesday, assess how tax burden on middle-income earners might be eased

Wed Aug 10 2022 - 05:00
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