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Inflation drops to three-year low as global energy shock fades

Inflation drops to three-year low as global energy shock fades

Latest harmonised index of consumer prices (HICP) drops to lowest level since 2021

Mon Sept 30 2024 - 11:20
Why Ireland has Scandinavian prices but without the salaries to justify them

Why Ireland has Scandinavian prices but without the salaries to justify them

There are several partial explanations for Ireland’s high-price culture but there’s no smoking gun

Sun Sept 29 2024 - 13:00
Budget 2025 will cost €10bn and make you roughly €1,000 richer. But it’s not all sorted yet

Budget 2025 will cost €10bn and make you roughly €1,000 richer. But it’s not all sorted yet

The projected €10 billion plus package of permanent and temporary measures is expected to put up to €1,000 in the pocket of the average worker

Fri Sept 27 2024 - 06:00
ESRI warns Government against delaying residential zoned land tax

ESRI warns Government against delaying residential zoned land tax

Institute claims proposed tax is one of few ways policymakers could reduce cost of housing

Thu Sept 26 2024 - 00:00
Global economy ‘turning a corner’ as inflation fades and interest rates come down

Global economy ‘turning a corner’ as inflation fades and interest rates come down

OECD says real wage growth is supporting household incomes and spending but rising geopolitical tensions pose risk to outlook

Wed Sept 25 2024 - 13:14
One in eight home buyers using gifts or inheritances to get on property ladder, research shows

One in eight home buyers using gifts or inheritances to get on property ladder, research shows

Banking and Payments Federation of Ireland finds renewed reliance on family to afford a homes

Tue Sept 24 2024 - 00:00
European shares end higher as markets bet on more ECB policy easing

European shares end higher as markets bet on more ECB policy easing

The pan-European Stoxx 600 index closes 0.4 per cent higher

Mon Sept 23 2024 - 19:37
Many Irish homebuyers paying a minimum of 10% above asking price amid ‘intense competition’

Many Irish homebuyers paying a minimum of 10% above asking price amid ‘intense competition’

Bank of Ireland highlights competition for homes as property continues to suffer from undersupply

Mon Sept 23 2024 - 06:00
Tax changes in last budget helped boost lower paid worker incomes

Tax changes in last budget helped boost lower paid worker incomes

Living Wage Technical Group revises down the minimum hourly pay required for a full-time worker without dependents to afford basic goods and services

Mon Sept 23 2024 - 06:00
Most tasks in nearly a third of professions could be automated by AI

Most tasks in nearly a third of professions could be automated by AI

Rapid expansion of large language models (LLMs) and GenAI technologies will usher in a major shift in how work will be performed, study finds

Mon Sept 23 2024 - 06:00
Sinn Féin’s Goldilocks problem: why can’t the party get things just right with voters?

Sinn Féin’s Goldilocks problem: why can’t the party get things just right with voters?

Two years ago, it was odds on to lead the next government but now the polls point in a different direction, what’s gone wrong?

Sun Sept 22 2024 - 12:00
Government set to climb down on €10m tax threshold for transfer of family-run businesses

Government set to climb down on €10m tax threshold for transfer of family-run businesses

Proposed changes to the retirement relief system would generate huge tax bills for family businesses

Fri Sept 20 2024 - 06:00
Pricing pressures in Irish economy now on par with Celtic Tiger era, fiscal council warns

Pricing pressures in Irish economy now on par with Celtic Tiger era, fiscal council warns

Budgetary watchdog claims Government’s net spending this year will jump close to 9% despite its own self-imposed 5% limit

Wed Sept 18 2024 - 15:29
House prices now rising at annual rate of almost 10%

House prices now rising at annual rate of almost 10%

Average price for a home nationally is €409,465, up €31,563 on this time last year, and €568,663 in Dublin

Wed Sept 18 2024 - 11:24
Dalata sells Maldron Hotel Wexford to Neville Park group

Dalata sells Maldron Hotel Wexford to Neville Park group

State’s largest hotel group says sale is opportunity to capitalise on an attractive valuation

Wed Sept 18 2024 - 10:35
If housing demands are unmet there will be 'quite a substantial increase in house prices' - Central Bank

If housing demands are unmet there will be 'quite a substantial increase in house prices' - Central Bank

Central Bank warns further fiscal stimulus would boost inflation

Wed Sept 18 2024 - 00:01
Ireland’s housing requirement keeps getting bigger and bigger

Ireland’s housing requirement keeps getting bigger and bigger

Central Bank becomes latest to call for 50,000-plus homes a year

Wed Sept 18 2024 - 00:00
ESB chief plays down prospect of further energy price cuts amid fall in profits

ESB chief plays down prospect of further energy price cuts amid fall in profits

Energy company says its business is growing and investment in renewables is continuing

Tue Sept 17 2024 - 13:14
Irish exports increase €9.5bn to €126bn in first seven months of 2024

Irish exports increase €9.5bn to €126bn in first seven months of 2024

Latest trade numbers point to recovery in pharma exports after 2023 slump

Mon Sept 16 2024 - 12:00
US, not Ireland, facilitated Apple’s €13bn tax-avoidance structure

US, not Ireland, facilitated Apple’s €13bn tax-avoidance structure

Revenue, under its own rules, did not have jurisdiction to tax the bulk of Apple’s offshore profits

Sun Sept 15 2024 - 12:52
Only top income earners can afford to buy homes in Ireland, says developer

Only top income earners can afford to buy homes in Ireland, says developer

High production costs linked to higher space and quality standards has made housing unaffordable for most income groups, says Brian Moran of Hines

Sat Sept 14 2024 - 18:02
Double-digit rise in tax on fuel needed to curb carbon emissions

Double-digit rise in tax on fuel needed to curb carbon emissions

Dublin Economics Workshop hears call for shift from ownership taxes such as VRT and motor tax towards usage taxes such as excise duty on fuels and congestion charges

Fri Sept 13 2024 - 19:47
Multinationals not alarmed at Apple tax judgment, head of IDA says

Multinationals not alarmed at Apple tax judgment, head of IDA says

Michael Lohan more concerned at State’s infrastructure shortfall amid growing international competition for foreign direct investment

Fri Sept 13 2024 - 16:09
ECB rate move hands Coalition perfect election springboard

ECB rate move hands Coalition perfect election springboard

Frankfurt’s decision to cut rates comes on the eve of what is expected to be another expansionary budget in advance of general election

Fri Sept 13 2024 - 06:00
ECB cuts interest rates for second time as inflation continues to slow

ECB cuts interest rates for second time as inflation continues to slow

Frankfurt trims its key lending rate, the one that affects mortgage rates, by 25 basis points to 4 per cent, providing some relief for mortgage holders

Thu Sept 12 2024 - 13:16
Inflation falls to three-year low of 1.7% in August

Inflation falls to three-year low of 1.7% in August

Headline price growth in Irish economy continues to soften on back of reduced energy prices

Thu Sept 12 2024 - 11:36
Bright outlook but with some turbulence ahead for Irish economy

Bright outlook but with some turbulence ahead for Irish economy

The Irish economy continues to perform well but there are potential speed bumps ahead

Thu Sept 12 2024 - 05:00
Ipha announces new president while calling on next government to prioritise swifter access to medicines

Ipha announces new president while calling on next government to prioritise swifter access to medicines

Industry body for research-led pharma sector in Ireland unveils Takeda’s Shane Ryan as its new president

Wed Sept 11 2024 - 18:07
Savers stuck with low interest rates for seventh consecutive month

Savers stuck with low interest rates for seventh consecutive month

Average interest rate offered on overnight deposit accounts a mere 0.13% in July, Central Bank figures show

Wed Sept 11 2024 - 16:11
Extension of Trump-era tax cuts will add $5.5tn to US’s already ballooning debt

Extension of Trump-era tax cuts will add $5.5tn to US’s already ballooning debt

PwC conference hears of impending tax cliff in US and how upcoming election will determine US tax policy for years to come

Tue Sept 10 2024 - 19:53
Ireland’s corporate tax bubble is now a €30bn hot air balloon

Ireland’s corporate tax bubble is now a €30bn hot air balloon

Not for the first time Apple has sent Ireland’s tax figures stratospheric and the Department of Finance running for cover

Sun Sept 08 2024 - 13:05
Irish economy unexpectedly contracts by 1% in second quarter

Irish economy unexpectedly contracts by 1% in second quarter

Revised GDP numbers show economy shrank by 4.4 per cent in the first half of 2024

Thu Sept 05 2024 - 18:50
Invest NI opens new Dublin hub to exploit North’s dual access to UK and EU markets

Invest NI opens new Dublin hub to exploit North’s dual access to UK and EU markets

Republic is second largest source of foreign direct investment for Northern Ireland

Wed Sept 04 2024 - 18:14
Government’s budget plan will ‘needlessly’ add to pricing pressures in economy, warns watchdog

Government’s budget plan will ‘needlessly’ add to pricing pressures in economy, warns watchdog

Irish Fiscal Advisory Council claims Government is pursuing an ‘everything now’ approach to budgeting by simultaneously promising tax cuts and higher spending

Wed Sept 04 2024 - 00:00
Is our fiscal watchdog’s overheating warning overbaked?

Is our fiscal watchdog’s overheating warning overbaked?

Budgetary oversight organisation claims Coalition is pursuing an ‘everything now’ approach to the budget which will add fuel to the price fire

Wed Sept 04 2024 - 00:00
More than four-fifths of State energy supply still via fossil fuels despite increased use of renewables

More than four-fifths of State energy supply still via fossil fuels despite increased use of renewables

Analysis by Sustainable Energy Authority of Ireland warns move to less carbon-intensive economy is not happening fast enough

Tue Sept 03 2024 - 05:00
Next government must prioritise delivery of 300,000 new homes, says Ibec

Next government must prioritise delivery of 300,000 new homes, says Ibec

Employers’ group publishes pre-election manifesto

Tue Sept 03 2024 - 00:15
Ireland’s changing demographics: from Famine decline to immigration-boost

Ireland’s changing demographics: from Famine decline to immigration-boost

As people live longer, the population’s age profile is advancing more rapidly than at any other time

Sun Sept 01 2024 - 11:36
Irish inflation falls to just 1.1% as energy prices decline

Irish inflation falls to just 1.1% as energy prices decline

Latest flash estimate for the harmonised index of consumer prices in Ireland comes ahead of expected ECB rate cut next month

Thu Aug 29 2024 - 11:30
Olympic success fails to lift financially cautious Irish consumer

Olympic success fails to lift financially cautious Irish consumer

Irish consumer sentiment weakens in August as consumers remain cautious about economy and cost-of-living

Thu Aug 29 2024 - 06:00
Fewer than six properties to rent per 10,000 people in Republic, report finds

Fewer than six properties to rent per 10,000 people in Republic, report finds

Analysis by property firm Savills highlights the chronic shortage of available property to rent and buy across State

Wed Aug 28 2024 - 05:00
Average weekly earnings rise by 5.6% as workers seek real wage catch-up

Average weekly earnings rise by 5.6% as workers seek real wage catch-up

CSO’s latest earnings data show workers earned an average of €963 a week in the second quarter

Tue Aug 27 2024 - 12:24
Budget 2025 may be last chance to put in place resources needed to achieve climate plan, wind group says

Budget 2025 may be last chance to put in place resources needed to achieve climate plan, wind group says

Wind Energy Ireland warns lengthy planning timelines for delivery poses risk to State’s climate targets

Tue Aug 27 2024 - 06:00
Penalty points adding hundreds of euro to motor insurance premiums

Penalty points adding hundreds of euro to motor insurance premiums

Survey by Peopl Insurance highlights how much insurance costs accelerate with penalty points

Tue Aug 27 2024 - 00:00
More than 40% of Irish workers not utilising their full holiday entitlements

More than 40% of Irish workers not utilising their full holiday entitlements

Survey by FRS Recruitment indicates nearly a fifth of employees did not use five days of their annual leave last year

Mon Aug 26 2024 - 05:30
Christmas air fares could hit ‘record high’  because of passenger cap, Michael O’Leary warns

Christmas air fares could hit ‘record high’ because of passenger cap, Michael O’Leary warns

Ryanair chief says 32 million passenger restriction will lead to record high air fares

Mon Aug 26 2024 - 05:00
Why are Irish house prices surging again?

Why are Irish house prices surging again?

Since the ECB began raising interest rates in July 2022, Irish property prices have surged by 10%

Sun Aug 25 2024 - 11:18
World shares gain after Fed signals lower rates

World shares gain after Fed signals lower rates

US Federal Reserve chair Jerome Powell says ‘the time has come’ to cut interest rates

Fri Aug 23 2024 - 18:34
Seamus Coffey appointed as chair of Irish Fiscal Advisory Council

Seamus Coffey appointed as chair of Irish Fiscal Advisory Council

Cork-based economist was previously chairman of the budgetary body between 2017 and 2019

Thu Aug 22 2024 - 13:22
Irish employment hits 2.75m with record female participation

Irish employment hits 2.75m with record female participation

Professional, scientific and technical activities, as well as industry sector, lead the way in growth

Thu Aug 22 2024 - 12:35
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