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IMF slashes global growth forecasts while warning on inflation

IMF slashes global growth forecasts while warning on inflation

Washington-based fund downgrades outlook in response to Russia’s invasion of Ukraine

Tue Apr 19 2022 - 15:46
Special redundancy payment of up to €2,268 for those laid off due to Covid

Special redundancy payment of up to €2,268 for those laid off due to Covid

New scheme is now open for applications, Tánaiste Leo Varadkar says

Tue Apr 19 2022 - 13:28
Has Ireland wasted what may prove to be a temporary corporate tax boom?

Has Ireland wasted what may prove to be a temporary corporate tax boom?

Warnings about corporation tax now falling on deaf ears as receipts roll in

Sun Apr 17 2022 - 09:03
House price inflation jumps to 7-year high of 15.3%

House price inflation jumps to 7-year high of 15.3%

Price growth in State’s property market has risen continually since start of pandemic

Thu Apr 14 2022 - 11:19
Petrel announces lifting of injunction over disputed shares

Petrel announces lifting of injunction over disputed shares

Chairman and chief financial officer acquire 32 million Tamraz shares in explorer group

Thu Apr 14 2022 - 08:54
Majority of Irish consumers put off big spend in reaction to Ukraine crisis

Majority of Irish consumers put off big spend in reaction to Ukraine crisis

Deloitte survey also suggests 86% of consumers are concerned about inflation

Thu Apr 14 2022 - 08:25
Construction firm Framespace to create 150 new jobs in Longford

Construction firm Framespace to create 150 new jobs in Longford

Company manufactures metal housing systems for the rapid-build construction sector

Thu Apr 14 2022 - 07:42
Boston Scientific to create 300 jobs with €100m investment in Galway plant

Boston Scientific to create 300 jobs with €100m investment in Galway plant

US medtech giant plans to add 40,000 square feet of manufacturing space at Ballybrit campus

Thu Apr 14 2022 - 07:29
Employment in Dublin grows at fastest rate in four years – PMI

Employment in Dublin grows at fastest rate in four years – PMI

S&P Global survey points to big pick-up in activity

Wed Apr 13 2022 - 15:02
Dairygold revenue jumps to €1.17bn despite increased costs

Dairygold revenue jumps to €1.17bn despite increased costs

Cork-based co-op warns input price inflation will hit profitability

Wed Apr 13 2022 - 13:29
Lakeland Dairies warns of significantly higher food prices in coming months

Lakeland Dairies warns of significantly higher food prices in coming months

Dairy co-op sees revenue jump 20% to €1.3bn on back of surging dairy prices

Wed Apr 13 2022 - 12:21
RWE plans €1.5bn spend on Irish renewable projects

RWE plans €1.5bn spend on Irish renewable projects

Company to undertake long-term investments in wind and battery storage projects

Wed Apr 13 2022 - 08:01
US firm MarketStar to create 300 new jobs in Dublin

US firm MarketStar to create 300 new jobs in Dublin

Company secures new building in Leopardstown for new EMEA headquarters

Wed Apr 13 2022 - 07:13
European stocks fall as healthcare and banking sectors suffer losses

European stocks fall as healthcare and banking sectors suffer losses

Deutsche Bank slumps after stake sale

Tue Apr 12 2022 - 18:44
Farmland prices set to rise by 6% but inflation could squeeze incomes

Farmland prices set to rise by 6% but inflation could squeeze incomes

Report warns about rising input prices and the likely impact on incomes

Tue Apr 12 2022 - 05:34
More than a third of landlords applied rent hikes over the level allowed

More than a third of landlords applied rent hikes over the level allowed

Rent in pressure zones would be higher by average of 2% without controls, study finds

Tue Apr 12 2022 - 05:10
Siptu to seek pay rises for private-sector workers to offset inflation surge

Siptu to seek pay rises for private-sector workers to offset inflation surge

Move by union comes in wake of Central Bank warning about wage-price spiral

Mon Apr 11 2022 - 19:40
Coal-burning Moneypoint might be key to Ireland’s energy future

Coal-burning Moneypoint might be key to Ireland’s energy future

ESB dinosaur built in the 1970s will soon become the State’s premier renewable hub

Sun Apr 10 2022 - 13:15
More than 35,000 people came off income supports in February

More than 35,000 people came off income supports in February

About 17,000 people were added to the Live Register in March as PUP scheme ended

Fri Apr 08 2022 - 14:58
Dáil budgetary committee seeks more targeted measures to combat inflation

Dáil budgetary committee seeks more targeted measures to combat inflation

Oireachtas committee says any actions taken should focus on lower income, rural and older households

Fri Apr 08 2022 - 13:10
Flogas announces price hikes for gas and electricity customers

Flogas announces price hikes for gas and electricity customers

Energy provider says electricity and gas prices will rise by 27% and 29%

Thu Apr 07 2022 - 17:37
National Broadband Ireland pledges to provide coverage to 102,000 homes by 2023

National Broadband Ireland pledges to provide coverage to 102,000 homes by 2023

Controversial broadband project has been beset by delays

Thu Apr 07 2022 - 14:20
Ten Avolon aircraft still grounded in Russia after lease terminations

Ten Avolon aircraft still grounded in Russia after lease terminations

Lessor says stranded planes represent less than 1% of its portfolio

Thu Apr 07 2022 - 13:21
Inflation jumps to 22-year high of 6.7% in March

Inflation jumps to 22-year high of 6.7% in March

Soaring energy prices expected to push level of price growth higher in coming months

Thu Apr 07 2022 - 11:13
Minister for Finance says Ukraine crisis will have significant impact on public finances

Minister for Finance says Ukraine crisis will have significant impact on public finances

Donohoe warns worsening economic outlook likely to result in budget deficit this year

Wed Apr 06 2022 - 12:00
Will Europe’s energy crisis slow down switch to renewables or accelerate it?

Will Europe’s energy crisis slow down switch to renewables or accelerate it?

Governments now talking about ramping up fossil fuel infrastructure alongside renewables

Sun Apr 03 2022 - 13:30
Increased supply and interest rate hike to cool property market

Increased supply and interest rate hike to cool property market

Sherry FitzGerald predicts house price inflation will moderate in second half of 2022

Thu Mar 31 2022 - 18:33
Putin’s gas-for-roubles plan could trigger energy outages and rationing

Putin’s gas-for-roubles plan could trigger energy outages and rationing

Moscow is expected to outline its roubles payment plan later today as stand-off continues

Thu Mar 31 2022 - 13:01
Electric Ireland prices to rise 23-25% from May

Electric Ireland prices to rise 23-25% from May

Energy supplier is latest to announce major price increases for electricity and gas

Wed Mar 30 2022 - 12:44
Ukraine economy to contract 46% amid devastating impact of Russian invasion

Ukraine economy to contract 46% amid devastating impact of Russian invasion

Report by Economist Intelligence Unit suggest it may take until late 2030s to recover

Wed Mar 30 2022 - 12:00
SF accuses Government of kowtowing to banks in State-backed housing schemes

SF accuses Government of kowtowing to banks in State-backed housing schemes

Banks to be preferential creditor under shared-equity and affordable purchase schemes

Wed Mar 30 2022 - 05:53
Putin’s gas-for-roubles threat raises prospect Russia could turn off tap

Putin’s gas-for-roubles threat raises prospect Russia could turn off tap

G7 nations call Moscow’s bluff in stand-off over natural gas deliveries

Tue Mar 29 2022 - 12:50
Strong demand drives mortgage activity

Strong demand drives mortgage activity

Banking and Payments Federation Ireland figures indicate rise in number and value of mortgages in February

Tue Mar 29 2022 - 05:39
European stocks inch up as investors assess bond moves

European stocks inch up as investors assess bond moves

AIB and Bank of Ireland both end session up 2 per cent at €1.98 and €5.80

Mon Mar 28 2022 - 18:41
Retail sales rise in February despite cost-of-living squeeze

Retail sales rise in February despite cost-of-living squeeze

Latest figures show increase in retail volumes across several sectors

Mon Mar 28 2022 - 12:25
Ukraine crisis triggers drop in business and consumer sentiment

Ukraine crisis triggers drop in business and consumer sentiment

Bank of Ireland’s latest barometer points to big knock in consumer sentiment

Mon Mar 28 2022 - 05:30
Opaque world of fund fees to be revealed by move for clarity

Opaque world of fund fees to be revealed by move for clarity

United Kingdom company launches cost transparency initiative for Irish pension funds

Mon Mar 28 2022 - 05:05
House-price inflation set to stay in double digits for much of 2022

House-price inflation set to stay in double digits for much of 2022

Brace of quarterly reports from myhome.ie and daft.ie show prices again accelerating

Mon Mar 28 2022 - 05:00
DAA International wins contract to run Saudi’s Jeddah airport

DAA International wins contract to run Saudi’s Jeddah airport

Irish company recently won contract to manage a new airport at Saudi Arabia’s Red Sea development project

Sun Mar 27 2022 - 17:21
P&O debacle is product of race-to-bottom capitalism which we all secretly sponsor

P&O debacle is product of race-to-bottom capitalism which we all secretly sponsor

Company’s behaviour is reprehensible but it was merely following well-worn industry path

Sun Mar 27 2022 - 11:54
Putin’s gas-for-roubles gambit could trigger EU-wide recession

Putin’s gas-for-roubles gambit could trigger EU-wide recession

Experts warn of potential for major economic shock if crisis worsens

Sat Mar 26 2022 - 05:32
ECB could raise rates this year, board member tells Dublin event

ECB could raise rates this year, board member tells Dublin event

Frank Elderson says he wouldn’t exclude lift-off in interest rates later this year

Thu Mar 24 2022 - 13:09
Consumer sentiment plunges on Ukraine crisis and higher inflation

Consumer sentiment plunges on Ukraine crisis and higher inflation

Latest KBC Bank Ireland barometer records biggest month-on-month drop since start of pandemic

Thu Mar 24 2022 - 05:50
Up to 20 new trade routes to continent in use after Brexit

Up to 20 new trade routes to continent in use after Brexit

Companies avoiding United Kingdom landbridge, according to Chambers Ireland

Wed Mar 23 2022 - 14:13
Kenmare reports record jump in revenue on higher volumes and prices

Kenmare reports record jump in revenue on higher volumes and prices

Mining company says prices were on average 21% up on the previous year

Wed Mar 23 2022 - 07:44
AIB to offer cheaper loans to green developers

AIB to offer cheaper loans to green developers

Bank says it will offer discount to those who adhere to new Irish Green Building Council standards

Wed Mar 23 2022 - 05:25
Major cost-of-living shock expected in months with inflation forecast to hit 8.5%

Major cost-of-living shock expected in months with inflation forecast to hit 8.5%

ESRI says price squeeze will see real incomes fall and lower than expected growth

Wed Mar 23 2022 - 01:00
Irish economy at risk from ‘wage-price spiral’, ESRI warns

Irish economy at risk from ‘wage-price spiral’, ESRI warns

Wage demands and untargeted Government measures could exacerbate problem, institute says

Wed Mar 23 2022 - 00:00
Irish businesses’ online trade accounts for 5.8% of sales in January, CSO finds

Irish businesses’ online trade accounts for 5.8% of sales in January, CSO finds

Data does not reflect sales with overseas businesses such as Amazon

Mon Mar 21 2022 - 14:32
Five ways the economic fallout from war in Ukraine will affect you

Five ways the economic fallout from war in Ukraine will affect you

Refugees, energy prices, economic growth, interest rates and food prices will all carry an additional cost

Sun Mar 20 2022 - 12:49
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