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Ireland’s economic future is bright, apart from a housing crisis, a sick health service and Donald Trump

Ireland’s economic future is bright, apart from a housing crisis, a sick health service and Donald Trump

A negative cost/price dynamic is alienating consumers and pushing many businesses to the brink

Fri Dec 27 2024 - 06:00
Employment in Republic to be 500,000 up on pre-pandemic level by end 2025, predicts Ibec

Employment in Republic to be 500,000 up on pre-pandemic level by end 2025, predicts Ibec

Group’s chief economist Ger Brady says State’s exceptionallystrong performance had led to capacity constraints in a range of sectors

Tue Dec 24 2024 - 06:00
Q&A: Why is the European Commission investigating data centre construction?

Q&A: Why is the European Commission investigating data centre construction?

The European Commission confirmed last month it was investigating possible collusion between data centre providers

Mon Dec 23 2024 - 15:09
Wholesale electricity prices rise 19% in 12 months

Wholesale electricity prices rise 19% in 12 months

CSO figures suggest prices remain 62.3 per cent lower than the peak that occurred in August 2022

Mon Dec 23 2024 - 11:46
Musk leads race to be world’s first trillionaire

Musk leads race to be world’s first trillionaire

Lesson of the 20th century was that when a critical mass of citizens feel the system is rigged against them, we encourage radical politics

Sun Dec 22 2024 - 12:24
Record 4,600 submit applications for south Dublin cost-rental apartments

Record 4,600 submit applications for south Dublin cost-rental apartments

Just 195 Land Development Agency apartments are available at Shanganagh Castle near Shankill

Fri Dec 20 2024 - 06:00
Typical price paid for home by first-time buyer up €88,000 on five years ago

Typical price paid for home by first-time buyer up €88,000 on five years ago

Median income of first-time buyers buying a new property is now €90,000, Banking and Payments Federation Ireland report says

Fri Dec 20 2024 - 05:00
Average price of Dublin home is now over €600,000

Average price of Dublin home is now over €600,000

Latest CSO figures described as ‘very depressing but not surprising’ by Sinn Féin’s housing spokesman Eoin Ó Broin

Wed Dec 18 2024 - 14:04
State faces more ‘turbulent’ landscape for foreign investment, IDA warns

State faces more ‘turbulent’ landscape for foreign investment, IDA warns

Agency said it secured 234 investment wins in 2024 which are projected to create 13,500 jobs over the coming years

Tue Dec 17 2024 - 13:30
TikTok’s Irish arm sets aside $1bn to cover cost of possible data breach fines

TikTok’s Irish arm sets aside $1bn to cover cost of possible data breach fines

Despite a near doubling of revenue, Chinese-owned video-sharing platform’s Irish business reports loss of over $1 billion

Tue Dec 17 2024 - 10:36
Up to €15bn of corporate tax could be temporary, Central Bank warns

Up to €15bn of corporate tax could be temporary, Central Bank warns

Regulator also claims Government should be diverting more of these receipts into State’s two long-term savings funds

Tue Dec 17 2024 - 00:15
‘Don’t miss out’: Developing the hydrogen fuel industry could transform transport in Ireland

‘Don’t miss out’: Developing the hydrogen fuel industry could transform transport in Ireland

In 10 years, Ireland could cut emissions in hard-to-reach transport sectors, says Hydrogen Mobility Ireland

Mon Dec 16 2024 - 05:30
Blarney Woollen Mills swings back into profit amid increased retail demand

Blarney Woollen Mills swings back into profit amid increased retail demand

Subsidiary which operates three Blarney Woollen Mills stores reports increased turnover and profit but warns of issues on sourcing and pricing of inputs

Mon Dec 16 2024 - 05:30
US construction testing group Fenagh sets up European base in Dublin

US construction testing group Fenagh sets up European base in Dublin

Dublin expansion will create 35 jobs and will serve as a launchpad for Fenagh’s broader European expansion plans

Mon Dec 16 2024 - 05:00
Gender pay gap at The Irish Times narrows to less than 1%

Gender pay gap at The Irish Times narrows to less than 1%

Irish Times Group had previously highlighted the appointment of more women to senior executive positions as the main reason for the reduced pay gap

Mon Dec 16 2024 - 00:30
Ireland’s tax wealth now in crosshairs of incoming Trump administration

Ireland’s tax wealth now in crosshairs of incoming Trump administration

The Government has never had it so good but that hasn’t gone unnoticed in Washington

Sun Dec 15 2024 - 13:00
Central Bank governor favours gradual ECB rate cuts over ‘large moves’

Central Bank governor favours gradual ECB rate cuts over ‘large moves’

Gabriel Makhlouf says disinflation process remains on track while warning economic outlook remains uncertain

Fri Dec 13 2024 - 14:11
Inflation remains close to three-year low of 1%

Inflation remains close to three-year low of 1%

Latest inflation data comes as European Central Bank is expected to reduce interest rates by another quarter point

Thu Dec 12 2024 - 12:03
Government may need to revise spending plans if Trump targets Irish pharma sector

Government may need to revise spending plans if Trump targets Irish pharma sector

ESRI highlights Ireland’s potential exposure to a more protectionist stance in Washington

Thu Dec 12 2024 - 06:00
Irish house prices overvalued by 10%, increasing risk of a ‘painful correction’, ESRI warns

Irish house prices overvalued by 10%, increasing risk of a ‘painful correction’, ESRI warns

Economic think tank cautions that increasing number of Irish households are carrying ‘elevated’ levels of mortgage debt

Thu Dec 12 2024 - 00:00
One in five people expect to pay mortgage in retirement, survey finds

One in five people expect to pay mortgage in retirement, survey finds

Study by Royal London Ireland indicates almost a third do not expect to own a home outright by retirement

Wed Dec 11 2024 - 05:00
Households worse off over failure to peg tax and welfare changes to income growth - ESRI

Households worse off over failure to peg tax and welfare changes to income growth - ESRI

Budget 2025 seen as ‘broadly progressive’ with lower income households benefiting more

Tue Dec 10 2024 - 19:46
Europe stocks close lower, snapping eight-session streak

Europe stocks close lower, snapping eight-session streak

Investors gear up for the latest US inflation report and ECB rate decision

Tue Dec 10 2024 - 18:13
Nimbyism or valid objection: the fight over one Dundalk housing scheme

Nimbyism or valid objection: the fight over one Dundalk housing scheme

Louth councillors knock back plan to build 502 homes on 46-acre site close to Dundalk Golf Club

Sun Dec 08 2024 - 10:51
Irish economy expands by 3.5% in third quarter as multinational exports rebound

Irish economy expands by 3.5% in third quarter as multinational exports rebound

Minister for Finance Jack Chambers says solid growth is consistent with the strength of labour market

Thu Dec 05 2024 - 12:01
Fianna Fáil’s policing agenda set to trigger coalition spat over justice portfolio

Fianna Fáil’s policing agenda set to trigger coalition spat over justice portfolio

Misgivings among Martin’s TDs over Fine Gael leader’s plan for a department of infrastructure

Thu Dec 05 2024 - 06:00
Fiscal council says government spending has ‘lost its anchor’

Fiscal council says government spending has ‘lost its anchor’

State’s budgetary watchdog says ramp-up in spending has put public finances on a potentially unsustainable trajectory

Thu Dec 05 2024 - 00:00
Another €6bn of Apple money delivers record tax-take for Government

Another €6bn of Apple money delivers record tax-take for Government

Latest exchequer returns show Government collected record €99 billion in taxes for the 11-month period to the end of November

Wed Dec 04 2024 - 16:30
OECD warns Ireland that investment projects need to be ‘carefully sequenced’

OECD warns Ireland that investment projects need to be ‘carefully sequenced’

While large investments in housing, transport and energy are needed, the Irish economy faces capacity constraints, especially in terms of labour and skills

Wed Dec 04 2024 - 09:05
Ireland’s income gap widens over the past decade, CSO figures show

Ireland’s income gap widens over the past decade, CSO figures show

Findings run counter to other reports suggesting income inequality in Ireland is relatively stable since 2008 financial crash

Tue Dec 03 2024 - 12:19
Almost 5,000 mortgages approved in October as lower interest rates fuel activity

Almost 5,000 mortgages approved in October as lower interest rates fuel activity

New figures from Banking and Payments Federation Ireland show volume of approvals up 8.6 per cent

Tue Dec 03 2024 - 00:00
Shares mixed as euro suffers from French political drama

Shares mixed as euro suffers from French political drama

US, European stocks choppy as French no-confidence vote planned

Mon Dec 02 2024 - 18:54
Average weekly earnings rise by 5.3% as workers seek real wage catch-up

Average weekly earnings rise by 5.3% as workers seek real wage catch-up

CSO’s latest earnings data show workers earned an average of €955 a week in third quarter

Mon Dec 02 2024 - 13:28
Area 14: Dublin Airport’s ghost underground station

Area 14: Dublin Airport’s ghost underground station

Terminal 1′s under-utilised basement has double-height ceilings for a specific reason

Sun Dec 01 2024 - 10:19
Eir fined €2.8m for failing to allow other companies access to network information

Eir fined €2.8m for failing to allow other companies access to network information

Telco agrees to fine following five-year investigation by regulator Comreg

Thu Nov 28 2024 - 19:03
Chambers signals constructive relationship with Trump administration, but avoids tariff threat

Chambers signals constructive relationship with Trump administration, but avoids tariff threat

Outing going minister for finance highlights Ireland’s ongoing trading ties but avoids Trump’s protectionist agenda at Thanksgiving event in Dublin

Thu Nov 28 2024 - 13:35
Irish inflation remains at three year low as ECB gears up for more rate cuts

Irish inflation remains at three year low as ECB gears up for more rate cuts

Food prices have risen 0.3% in November, and by 1.7% over last 12 months

Thu Nov 28 2024 - 12:12
AI-fuelled demand for data centres at odds with over-extended energy grids, survey finds

AI-fuelled demand for data centres at odds with over-extended energy grids, survey finds

Survey of data centre investors and operators suggest optimism about future growth is tempered with concern about energy availability

Wed Nov 27 2024 - 14:53
Just 10% of consumers planning to spend more this Christmas

Just 10% of consumers planning to spend more this Christmas

Latest consumer sentiment survey says consumers remain in a “watch, wait and worry” mode ahead of the Irish election

Wed Nov 27 2024 - 06:00
Stocks fall as Trump tariffs rattle investors

Stocks fall as Trump tariffs rattle investors

European carmakers slide as president-elect pledges to impose trade tariffs on China, Mexico and Canada

Tue Nov 26 2024 - 18:51
Lion King and  other shows boost earnings at Bord Gáis Energy Theatre

Lion King and other shows boost earnings at Bord Gáis Energy Theatre

Beauty and the Beast, Blood Brothers and Charlie and the Chocolate Factory among musical productions attracting ticket-buyers last year

Tue Nov 26 2024 - 14:26
US is State’s leading export market at €54bn

US is State’s leading export market at €54bn

CSO figures highlight vulnerability to Donald Trump’s tariff plans

Tue Nov 26 2024 - 11:55
Makhlouf ‘increasingly confident’ ECB will hit 2% inflation target next year

Makhlouf ‘increasingly confident’ ECB will hit 2% inflation target next year

Central Bank governor, however, warns that high price growth in the services sector and strong wage growth posed risk to projection

Mon Nov 25 2024 - 19:45
Is remote working bad for productivity?

Is remote working bad for productivity?

Many company bosses are pushing for a complete return to the office but does research and lived experience back that position

Sun Nov 24 2024 - 11:22
Beacon hospital reports big uptick in earnings as demand for care increases

Beacon hospital reports big uptick in earnings as demand for care increases

Private hospital sold to asset management arm of Australian financial services giant Macquarie in deal worth €400m

Fri Nov 22 2024 - 15:24
Is the cost-of-living crisis over?

Is the cost-of-living crisis over?

Inflation has fallen back to target, but prices remain much higher than three years ago

Fri Nov 22 2024 - 06:00
Government collects record €116bn in tax last year

Government collects record €116bn in tax last year

Corporation tax revenues more than double in four years since 2019

Wed Nov 20 2024 - 12:30
Irish house prices continue to rise at annual rate of 10%

Irish house prices continue to rise at annual rate of 10%

Latest official figures indicate that property prices in Dublin rose at an annual rate of 10.8 per cent in year to September

Wed Nov 20 2024 - 11:20
Labour costs and skills shortage ‘driving home rebuild costs’

Labour costs and skills shortage ‘driving home rebuild costs’

Society of Chartered Surveyors Ireland urges homeowners to check that their home is adequately insured before they are hit with out of pocket costs

Wed Nov 20 2024 - 05:00
Top hotelier accuses Government of ‘complete lack’ of business understanding and pushing prices higher

Top hotelier accuses Government of ‘complete lack’ of business understanding and pushing prices higher

Owner of Inchydoney Island Lodge says prices across hospitality industry up by 10% since last year

Tue Nov 19 2024 - 06:00
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