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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
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
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
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
High inflation and low consumer confidence point to deteriorating outlook across OECD

High inflation and low consumer confidence point to deteriorating outlook across OECD

Agency says high-frequency data such as order books and confidence-indicators signal loss of momentum

Tue Aug 09 2022 - 11:50
More than half of Irish firms impacted by Brexit red tape

More than half of Irish firms impacted by Brexit red tape

CSO Global Value Chain participation survey details number of firms sourcing inputs from abroad

Mon Aug 08 2022 - 12:42
Live Register total falls again as labour market tightens

Live Register total falls again as labour market tightens

Conditions in State’s labour market continues to improve

Mon Aug 08 2022 - 12:39
More than half of local authority home loan applications rejected

More than half of local authority home loan applications rejected

State-backed scheme provides loans to first-time buyers who have been refused a mortgage by traditional lenders

Mon Aug 08 2022 - 05:00
Over half of employees believe a recession is ‘inevitable’, survey finds

Over half of employees believe a recession is ‘inevitable’, survey finds

Research by HR software firm Greenhouse also highlights impact of cost-of-living squeeze on jobs market

Mon Aug 08 2022 - 05:00
Consumers spend more on groceries and restaurants, less on clothes and airport shopping

Consumers spend more on groceries and restaurants, less on clothes and airport shopping

Shoppers are looking for cheaper brands in supermarkets to keep money aside for treats at restaurants, Revolut data shows

Mon Aug 08 2022 - 05:00
Brexit fantasy set to unravel with Johnson’s departure

Brexit fantasy set to unravel with Johnson’s departure

UK’s economic difficulties – from inflation to trade and staff shortages – are being compounded by Brexit

Sun Aug 07 2022 - 12:00
Real household income across OECD countries declines as recession looms

Real household income across OECD countries declines as recession looms

OECD reports squeeze on income due to higher consumer prices

Thu Aug 04 2022 - 14:02
Unemployment falls to 21-year low of 4.2% as Covid bounce-back continues

Unemployment falls to 21-year low of 4.2% as Covid bounce-back continues

Republic’s jobless rate continues to fall as post-pandemic economy grows

Thu Aug 04 2022 - 13:05
Record tax receipts deliver €5bn surplus for exchequer

Record tax receipts deliver €5bn surplus for exchequer

Strong exchequer returns driven by corporation tax, VAT, income tax and lower spending on Covid supports

Wed Aug 03 2022 - 22:30
Sinn Féin’s tax plans branded ‘anti-enterprise’ by Taoiseach

Sinn Féin’s tax plans branded ‘anti-enterprise’ by Taoiseach

Pearse Doherty says his party would not increase taxes on small businesses after Micheál Martin accuses SF of ‘knee jerk’ politics

Wed Aug 03 2022 - 21:17
Wealth of Irish households rises above €1tn for first time

Wealth of Irish households rises above €1tn for first time

Headline figure from Central Bank equates to almost €200,000 for every man, woman and child in the State

Wed Aug 03 2022 - 12:35
Inflation across OECD countries surges to 34-year high of 10.3%

Inflation across OECD countries surges to 34-year high of 10.3%

Headline rate represents sharpest price increase across industrialised countries since June 1988

Wed Aug 03 2022 - 11:59
Leo Varadkar: It will ‘feel like a recession’ for people whose income will not rise as fast as cost of living

Leo Varadkar: It will ‘feel like a recession’ for people whose income will not rise as fast as cost of living

Tánaiste and Minister for Enterprise argues Sinn Féin’s economic policies would likely result in fewer jobs

Wed Jul 20 2022 - 05:38
Government may be forced to build children’s science centre

Government may be forced to build children’s science centre

Arbitrator instructs OPW to deliver project costing tens of millions of euro after it loses legal dispute over National Children’s Science Centre

Mon Jul 18 2022 - 05:00
Ireland’s Celtic Tiger legacy: expensive loans, faulty apartments and Europe’s worst housing crisis

Ireland’s Celtic Tiger legacy: expensive loans, faulty apartments and Europe’s worst housing crisis

The impact of the 2008 meltdown and its belt-tightening aftermath still reverberate

Sun Jul 17 2022 - 12:57
Economy grew by 13.6% last year as multinational exports surged

Economy grew by 13.6% last year as multinational exports surged

Measure of domestic conditions shows more modest 5.8% growth, revised down from previous estimate of 6.5%

Fri Jul 15 2022 - 11:47
Inflation hits 38-year peak of 9.1% as cost-of-living crisis worsens

Inflation hits 38-year peak of 9.1% as cost-of-living crisis worsens

Irish consumer prices increased by an average of 9.1% in the 12 months to June

Thu Jul 14 2022 - 11:08
Irish mortgage rates still among highest in euro zone, adding to high living costs

Irish mortgage rates still among highest in euro zone, adding to high living costs

Irish banks continue to charge an interest rate premium on mortgage loans

Wed Jul 13 2022 - 13:39
Property taxes promote more stable housing market, study finds

Property taxes promote more stable housing market, study finds

Taxes on property also deliver more stable source of revenue to government as they are less prone to changes in economic cycle

Wed Jul 13 2022 - 12:24
House price growth slows again as cost-of-living issues bite

House price growth slows again as cost-of-living issues bite

Property price inflation slowed the second consecutive month in May

Tue Jul 12 2022 - 11:04
OECD warns of slowing growth in euro zone

OECD warns of slowing growth in euro zone

High inflation, low consumer confidence and falling stock indices all point to tougher times ahead

Mon Jul 11 2022 - 13:15
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