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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
Irish economy contracts by 3.3% in first nine months of year

Irish economy contracts by 3.3% in first nine months of year

Latest CSO numbers point to a contraction in headline activity as measured by GDP

Tue Oct 29 2024 - 12:00
Retail sales up 0.5% in September as inflation eases

Retail sales up 0.5% in September as inflation eases

CSO says sectors with the highest monthly volume increases were electrical goods; books, newspapers and stationery

Tue Oct 29 2024 - 11:30
What we really need is a low-cost Ryanair for housing

What we really need is a low-cost Ryanair for housing

The construction industry says it can’t build homes at affordable rates or for people on average incomes, but is the cost of construction really the obstacle?

Sun Oct 27 2024 - 12:35
Sanctions forcing Russia to ‘cannibalise’ chips from washing machines, says US envoy

Sanctions forcing Russia to ‘cannibalise’ chips from washing machines, says US envoy

Mark Gitenstein says Moscow cannot win an industrial war with the West

Thu Oct 24 2024 - 15:10
Housing shortage is State’s top concern - Harris

Housing shortage is State’s top concern - Harris

Taoiseach seeks to reassure US firms on infrastructure issues

Thu Oct 24 2024 - 11:23
EU’s new fiscal rules pose risk to public finances -  Ifac

EU’s new fiscal rules pose risk to public finances - Ifac

Budgetary watchdog will warn Ireland likely to avoid any financial scrutiny under revamped version of fiscal rules

Wed Oct 23 2024 - 06:00
Global battle against inflation largely won, IMF says

Global battle against inflation largely won, IMF says

Washington-based fund delivers upbeat assessment of global economy while warning of risks from escalating geopolitical conflicts

Tue Oct 22 2024 - 14:00
Nearly two thirds of Irish SMEs have reduced or stopped using British suppliers since Brexit

Nearly two thirds of Irish SMEs have reduced or stopped using British suppliers since Brexit

New survey by the Strategic Banking Corporation of Ireland (SBCI) reveals ‘stark changes in Irish SME trading patterns with Britain’ after EU departure

Mon Oct 21 2024 - 12:28
Kingspan acquires majority stake in Sweden’s Nordic Waterproofing

Kingspan acquires majority stake in Sweden’s Nordic Waterproofing

Cavan-based insulation maker says move will lift its annualised roofing and waterproofing revenues to approximately €1bn

Mon Oct 21 2024 - 08:23
Building a two-bed apartment in Dublin now costs almost €600,000

Building a two-bed apartment in Dublin now costs almost €600,000

Department of Housing cost study assessed cost of delivering four different building types in the Greater Dublin Area

Mon Oct 21 2024 - 06:00
New project to explore potential for restoring oyster reefs in Dublin Bay

New project to explore potential for restoring oyster reefs in Dublin Bay

University College Dublin teams up with Codling Wind Park to promote and enhance marine biodiversity

Mon Oct 21 2024 - 00:01
Irish firms less worried about geopolitical disruption than counterparts abroad

Irish firms less worried about geopolitical disruption than counterparts abroad

Grant Thornton survey indicates just quarter of Irish businesses believe ongoing geopolitical uncertainty will diminish growth potential

Mon Oct 21 2024 - 00:00
Five economic battlegrounds that could affect the next election result

Five economic battlegrounds that could affect the next election result

From house prices to cost of living, the Government and Opposition parties need to win on these issues during any upcoming campaign

Sun Oct 20 2024 - 12:10
What’s happening with house prices?

What’s happening with house prices?

August was the 12th consecutive month to see an increase in property price inflation, a worrying trend for prospective buyers

Fri Oct 18 2024 - 06:00
Interest rates: Borrowers set to save more than €2,000 as series of new cuts expected

Interest rates: Borrowers set to save more than €2,000 as series of new cuts expected

Rate cutting pattern is expected to continue until June 2025

Fri Oct 18 2024 - 01:00
ECB’s latest rate reduction will help borrowers but egg on house prices

ECB’s latest rate reduction will help borrowers but egg on house prices

Markets are already pricing in four more rate cuts between now and March

Thu Oct 17 2024 - 14:58
‘We’re breaking the neck of inflation,’ says Lagarde as ECB cuts rates again

‘We’re breaking the neck of inflation,’ says Lagarde as ECB cuts rates again

Frankfurt-based central bank trims key deposit rate by 25 basis points to 3.25 per cent

Thu Oct 17 2024 - 13:16
Euro zone inflation slows more than expected, paving way for ECB rate cut

Euro zone inflation slows more than expected, paving way for ECB rate cut

Consumer price growth across the single currency bloc moderated to 1.7 per cent in September from 2.2 per cent the previous month

Thu Oct 17 2024 - 11:42
Irish house prices return to double-digit growth

Irish house prices return to double-digit growth

Latest official figures indicate that property prices nationally rose at an annual rate of 10.6%

Wed Oct 16 2024 - 11:13
Chambers denies Finance Bill fast-tracked for election

Chambers denies Finance Bill fast-tracked for election

Minister for Finance Jack Chambers says plan is part of a new EU-wide focus on medium-term budgetary policies

Tue Oct 15 2024 - 15:16
Famed Dublin fashion outlet Alias Tom goes into liquidation amid mounting losses

Famed Dublin fashion outlet Alias Tom goes into liquidation amid mounting losses

‘Move toward less formal workwear’ cited as one reason for move

Tue Oct 15 2024 - 13:27
Ireland’s tax system is most progressive of any advanced economy, report finds

Ireland’s tax system is most progressive of any advanced economy, report finds

Department of Finance says State’s taxation and welfare system does more to reduce income inequality than any other OECD economy

Wed Oct 02 2024 - 12:28
Irish unemployment remains at near historic low of 4.3%

Irish unemployment remains at near historic low of 4.3%

Jobless rate of 4% or lower in Irish labour market considered tantamount to full employment

Wed Oct 02 2024 - 12:17
Budget 2025: Extending Help to Buy may drive up property prices, PBO warns

Budget 2025: Extending Help to Buy may drive up property prices, PBO warns

Parliamentary Budget Office describes scheme as a demand side intervention to address a supply side deficit

Wed Oct 02 2024 - 09:10
Budget will provide six-month sugar rush - but perhaps only incremental change on housing and health

Budget will provide six-month sugar rush - but perhaps only incremental change on housing and health

Budget 2025: Will it alter our shaky trajectory on housing? Will it end emergency department overcrowding in hospitals?

Wed Oct 02 2024 - 06:00
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