Business News · TheJournal.ie

# Astronomy

Rare green comet to be visible from Ireland for the first time in 50,000 years

Travelling as far as possible away from cities and bright lights will increase your odds of a good view.

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Tue 5:05 PM

# European Central Bank

Bank of Ireland increasing fixed mortgage rates again

The banks’s fixed interest rates will increase by 0.75% for all new mortgage loan drawdowns.

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Tue 1:17 PM

# Withdrawal

Ulster Bank announces final closure dates for 63 branches across Ireland

Ulster Bank Chief Executive Jane Howard described the withdrawal of their services from communities as “poignant”.

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Tue 11:56 AM

# Job Losses

Argos set to close all Irish outlets by June

The company employs around 580 people across 34 stores in Ireland.

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Jan 19th 2023, 1:00 PM

# FTX

Co-founder of collapsed crypto exchange pleads not guilty to fraud

FTX and its sister trading house Alameda Research went bankrupt in November, dissolving a virtual trading business that at one point had been valued by the market at $32 billion.

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Jan 3rd 2023, 8:00 PM

Sponsored

Check out the must-see film of the year, The Banshees of Inisherin, on Disney+

Streaming on Disney+, discover the 9-time Oscar-nominated ‘The Banshees of Inisherin’.

# with or without you

U2 members buy out partner company in group's 'world class' visitor centre proposal

Planning documents lodged with the scheme expect that the centre would attract around 390,000 U2 fans to the capital each year.

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Dec 23rd 2022, 7:41 AM

# Facebook

Facebook Marketplace breaches EU antitrust laws, says Commission

The Commission said it takes issue with Meta tying Facebook Marketplace to the Facebook social networking service.

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Dec 19th 2022, 1:01 PM

# cut bank rules

UK to cut banking controls and axe EU rules in bid for growth

British Chancellor Jeremy Hunt will unveil the reforms in Scotland tomorrow.

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Dec 8th 2022, 10:52 PM

# Morning Memo

Newsletter: What's going on with plans to give workers a better work-life balance?

There was fury in the Dáil last night as the government was accused of watering down legislation.

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Dec 8th 2022, 11:37 AM

# Fly Atlantic

A new transatlantic airline will begin flying from Belfast next summer

Flights will start to go on sale from the beginning of 2024.

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Nov 22nd 2022, 11:59 AM

# factcheck

FactCheck: Is the State the ‘biggest player in housing’?

The Taoiseach made this claim multiple times in the Dáil since 2021

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Nov 22nd 2022, 6:00 AM

Voices

Posting through it: The deepening absurdity of online billionaire behaviour

No amount of money can stop you from being cringe on the internet, writes Carl Kinsella.

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Nov 19th 2022, 9:00 AM

# Interest Rates

Permanent TSB becomes latest bank to raise interest on fixed rate mortgages

The increases will range from 0.05% to 0.9% depending on a range of factors.

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Nov 18th 2022, 7:51 AM

# Facebook status

Government 'will be there to help' as Irish job losses at Meta expected to begin this morning

The Tánaiste says he is ‘confident’ Meta ‘will honour all their legal obligations in relation to redundancy information and consultation’.

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Updated Nov 9th 2022, 7:48 AM

# Bank Bailout

State to sell off further 8% stake in AIB, Donohoe announces

The State’s shareholding in AIB will reduce from 62% to 57%.

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Nov 7th 2022, 7:16 PM

# Lay-offs

Tech companies expanded ‘a little too quickly’, Varadkar says

Minister for Enterprise Leo Varadkar said his sympathies were with Stripe and Twitter employees who had lost their jobs.

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Updated Nov 4th 2022, 6:26 PM

# Avian Flu

UK's 'largest ever outbreak of bird flu' prompts legal order to keep poultry indoors

Ireland’s Dept of Agriculture has asked birdkeepers to mitigate agains spread but no such legal order is in force here.

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Oct 31st 2022, 4:05 PM

# Interest Rates

Expected interest rate hike may help 'contain' house prices, says Varadkar

The ECB’s 25-member governing council is likely to lift its key interest rates by 75 points for the second consecutive time.

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Oct 27th 2022, 9:44 AM

# Reaction

Housing minister welcomes mortgage rule change but concerns raised about house price increases

Concerns have been raised about increasing borrowing limits when supply remains low.

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Oct 19th 2022, 3:17 PM

# mortgage rules

Central Bank rule change: First-time buyers to be able to borrow four times gross income

A review into mortgage lending began last year.

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Updated Oct 19th 2022, 11:38 AM

# indepth

'Fraggle Rock, a father's tears and Lesley the Viking' - A weekend at Manchester City

The42 visited the Premier League champions to watch Ireland’s Gavin Bazunu face Erling Haaland up close with Southampton. But that was only part of the story.

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Oct 10th 2022, 5:00 PM

# tech company

Spotify acquires Dublin-based tech firm Kinzen to detect harmful content

The company was set up by Storyful founder Mark Little and ex-Facebook executive Áine Kerr.

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Oct 5th 2022, 4:16 PM

# twitter takeover

Elon Musk offers to end legal fight and buy Twitter for original offer price of $44 billion

It comes just two weeks before Twitter’s lawsuit seeking to force the Tesla chief to go through with the deal goes to trial.

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Oct 4th 2022, 9:19 PM

# factcheck

FactCheck: Is the renters' €500 tax credit just worth seven days' rent in Dublin?

The claim was made by a housing charity after the budget was announced.

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Sep 28th 2022, 3:51 PM

# rental crisis

New tax credit worth €500 to be introduced for renters

The tax credit can be claimed for 2022.

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Updated Sep 27th 2022, 2:31 PM

# Bye bye BOI

Irish State no longer a shareholder in Bank of Ireland following sale of shares

Proceeds generated from the trade amount to approximately €841 million.

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Updated Sep 23rd 2022, 3:39 PM

# Bills Bills Bills

'Absurd and frightening': How high could 'skyrocketing' energy prices go this winter?

Tough choices lie ahead in both the short and long term.

Experts agree that the energy price crisis is likely to get worse in the coming months and year ahead.

The UK's energy price cap nearly doubled last week and is an indicator of what consumers in Ireland are facing.

In the short-term, governments must intervene but in the long-term it's about renewable energy.

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Aug 29th 2022, 11:30 PM

# Transport

The Glider: Could Belfast's tram-like bendy bus be the model for other Irish cities?

The system has been suggested as a kind of gateway to light rail infrastructure.

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Aug 14th 2022, 7:00 PM

# national car test

Revealed: The makes, models and test centres with the highest (and lowest) NCT pass rates

Three of the top four cars are SUVs.

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Aug 13th 2022, 6:45 AM

# record high

Property prices have now reached the same level as the Celtic Tiger peak - CSO

The high follows a 14.1% price increase over the past year.

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Aug 12th 2022, 11:55 AM

# Elon musk

Elon Musk accuses Twitter of fraud in countersuit over abandoned $44 billion takeover

In its own filing, Twitter rejected the billionaire’s argument, calling it “as implausible and contrary to fact as it sounds.”

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Aug 5th 2022, 7:00 PM

# Defence Forces

Ex IBM manager: Pay, political neglect and public indifference all to blame for cyber failings

Paul Farrell retired as IBM Ireland’s General Manager last year but also was an officer in the Irish Defence Forces

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Jul 31st 2022, 9:00 AM

# Northern Ireland

NI businesses experiencing a 'feast or famine' economy due to protocol - report

The report was released by a UK parliamentary committee.

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Jul 27th 2022, 7:35 AM

# TAKE OFF

Michael O'Leary hits out at 'unprecedented handling delays' amid Ryanair summer recovery

The airline hit profits of €170 million for the three months to June.

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Jul 25th 2022, 8:22 AM

# misinfo

Financial advisor warns against hoax crypto ads featuring Leo Varadkar and other public figures

Users of multiple websites reported encountering the false ad featuring the FG leader in recent weeks.

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Jul 24th 2022, 7:01 AM

# Inflation

Tracker mortgage rates to rise after ECB hike interest rates by 0.5%

The bank is trying to respond to soaring inflation but those on tracker and variable rates will likely face an increase.

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Updated Jul 21st 2022, 5:39 PM

# Elon musk

Elon Musk says he is terminating $44 billion Twitter buyout deal

Twitter said it will sue Mr Musk to complete the merger he just rejected, and is “confident” it will prevail.

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Jul 9th 2022, 7:14 AM

# Small businesses

New low-cost loan scheme for small businesses announced by Government

Loans will be made available to businesses whose turnover or profit was impacted by more than 15% due to Covid-19.

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Jul 4th 2022, 10:19 AM

# Cost of Living

Price hikes: Electric Ireland to raise gas and electricity for second time in three months

The provider previously increased prices in May.

Electric Ireland has cited the war in Ukraine for the price rises.

The increase equate to an average of €164.55 extra per year an electricity and €311.54 extra per year on gas.

The supplier says it has 'flexible payment plans' for those struggling with bills and that a new 'Hardship Fund' would be established in the autumn.

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Updated Jul 1st 2022, 3:22 PM

# factfind

Explainer: What counts as EU funding and where does it go?

…And where has Ireland received – and given back to the whole process?

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Jun 30th 2022, 1:00 PM