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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
CSO launches new housing portal

CSO launches new housing portal

Statistics agency launches new housing hub containing key data points about the sector

Mon Nov 18 2024 - 15:36
Firms angered over Revenue clampdown on staff entertainment and hospitality

Firms angered over Revenue clampdown on staff entertainment and hospitality

Tax authority insists that some hospitality events including those provided to a section of staff represent a taxable benefit-in-kind

Mon Nov 18 2024 - 06:00
National Broadband Plan passes half-way mark with 300,000 homes and premises covered

National Broadband Plan passes half-way mark with 300,000 homes and premises covered

Company responsible for delivering high-speed network provides update on rollout of project

Mon Nov 18 2024 - 05:00
Wind farms generate one third of Ireland’s electricity so far this year

Wind farms generate one third of Ireland’s electricity so far this year

Wind Energy Ireland highlights increasing power of wind while warning of constraints on network

Mon Nov 18 2024 - 00:00
Has Fingal County Council found a solution to Ireland’s housing crisis?

Has Fingal County Council found a solution to Ireland’s housing crisis?

Dublin council is delivering 300 new homes at high speed and at affordable rates in west Dublin

Sun Nov 17 2024 - 14:28
Irish exports hit record €22bn in September amid concern over potential Trump tariffs

Irish exports hit record €22bn in September amid concern over potential Trump tariffs

Latest data show US is single largest export partner and pharma the biggest sector as trade policy and vaccine scepticism threaten transatlantic trade disruption

Fri Nov 15 2024 - 14:00
Large amount of savings in low-yielding accounts described as ‘missed opportunity’

Large amount of savings in low-yielding accounts described as ‘missed opportunity’

Central Bank data show up to €140 billion of Irish deposits still resides in overnight deposit accounts, accruing just 0.13 per cent in interest

Wed Nov 13 2024 - 15:54
Irish woman in line for top White House role under Donald Trump

Irish woman in line for top White House role under Donald Trump

Gail Slater, originally from Dalkey in south Co Dublin, is frontrunner to lead the US Federal Trade Commission under Donald Trump

Wed Nov 13 2024 - 11:36
Slowdown in EV sales could delay rollout of Maxol’s charging network, CEO warns

Slowdown in EV sales could delay rollout of Maxol’s charging network, CEO warns

Concern over developing charging network too quickly ‘when the demand isn’t there’ as non-fuel sales now account for 40% of business

Wed Nov 13 2024 - 08:30
Rents in Dublin now averaging €2,476 per month with prices rising again, report finds

Rents in Dublin now averaging €2,476 per month with prices rising again, report finds

Open-market rents in the capital rising at annual rate of 5.2%, double that seen at end of last year

Wed Nov 13 2024 - 00:00
Stocks dip, bitcoin nears $90,000 as ‘Trump trade’ takes hold

Stocks dip, bitcoin nears $90,000 as ‘Trump trade’ takes hold

In Europe, shares were lower, weighed down by names with a large exposure to China

Tue Nov 12 2024 - 18:38
Trump ‘the elephant in the room’ for Irish foreign direct investment

Trump ‘the elephant in the room’ for Irish foreign direct investment

Investment conference told US election result pose big risk to Ireland’s industrial strategy

Tue Nov 12 2024 - 16:20
Ireland’s €54bn exposure to Trump’s tariff plan

Ireland’s €54bn exposure to Trump’s tariff plan

Data suggests we have an outsized exposure to any potential trade war between Brussels and Washington

Sun Nov 10 2024 - 11:31
Tesco generates full-year sales of €3.3bn in Ireland and posts double-digit rise in profit

Tesco generates full-year sales of €3.3bn in Ireland and posts double-digit rise in profit

UK grocery chain says it commanded a market share in the Republic of 23.6 per cent at the end of its last financial year

Sat Nov 09 2024 - 02:00
Aer Lingus will not cut flights from Dublin Airport next summer, chief executive says

Aer Lingus will not cut flights from Dublin Airport next summer, chief executive says

Carrier blames increased competition and industrial for €88m slide in profit in first nine months of this year

Fri Nov 08 2024 - 07:55
Irish inflation remains at three-year low of 0.7% in October

Irish inflation remains at three-year low of 0.7% in October

Latest official figures, however, show wide variety in rate of price growth across sectors

Thu Nov 07 2024 - 12:07
Jones Engineering enjoys near doubling in profit as overseas business takes off

Jones Engineering enjoys near doubling in profit as overseas business takes off

Contractor involved in building data centres sees profit after tax jump by 81% to €70.8m

Thu Nov 07 2024 - 06:00
Ireland’s unemployment rate rises as recruiter reports fall-off in job postings

Ireland’s unemployment rate rises as recruiter reports fall-off in job postings

Number of people classified as unemployed rises by 1,200 to 121,200 between September and October

Wed Nov 06 2024 - 12:29
First €3bn tranche of Apple tax money lands in State coffers

First €3bn tranche of Apple tax money lands in State coffers

Latest exchequer returns data from Department of Finance show the Government collected €3.5bn in corporate tax receipts in October

Tue Nov 05 2024 - 16:30
Men account for three-quarters of Ireland’s top earners

Men account for three-quarters of Ireland’s top earners

CSO earnings data indicate men represented 73.6% of those in the top 1 per cent income bracket last year

Tue Nov 05 2024 - 12:35
Personal loans soar to record level in second quarter

Personal loans soar to record level in second quarter

Banking and Payments Federation Ireland figures show more than 60,000 drawdowns valued at €641m between April and June

Tue Nov 05 2024 - 00:00
World stocks tread water ahead of crunch US election

World stocks tread water ahead of crunch US election

European stocks retreat as caution over imminent presidential election weigh on regional benchmark

Mon Nov 04 2024 - 18:15
Eoin Burke-Kennedy: Ireland is not the only resource-rich nation who cannot figure out housing

Eoin Burke-Kennedy: Ireland is not the only resource-rich nation who cannot figure out housing

When prices in Ireland began to surge in the 2000s, we looked to the German housing market as a more stable, affordable exemplar. Not any more

Sun Nov 03 2024 - 10:49
Some 1.1 million earners in Ireland do not pay income tax or USC, tax institute claims

Some 1.1 million earners in Ireland do not pay income tax or USC, tax institute claims

Irish Tax Institute seeks marginal personal tax rate, including social insurance contributions, to be reduced to 50% as part of various recommendations on tax base

Thu Oct 31 2024 - 14:54
Irish inflation drops to three-year low of 0.1%

Irish inflation drops to three-year low of 0.1%

CSO says weaker level of price growth driven by falling energy prices

Wed Oct 30 2024 - 11:50
Irish farmers describe use of imported Dutch cheese in school meals programme as ‘insult’

Irish farmers describe use of imported Dutch cheese in school meals programme as ‘insult’

Irish Creamery Milk Suppliers Association says it has received complaints about use of imported Dutch cheese in school meals programme

Wed Oct 30 2024 - 05:00
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