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Dublin: 9°C Friday 27 May 2022

Business - Today’s News

Business - Wednesday 27 October, 2021

Cabinet agrees not to make €500 million payment into the country's rainy day fund
# Empty Piggy Bank
# Empty Piggy Bank

Cabinet agrees not to make €500 million payment into the country's rainy day fund

Oct 27th 2021, 7:11 PM 19,896 Views 22 Comments

There is currently no money in the rainy day fund which was set up in 2018.

Brexit's impact on Dublin Port is 'clear' as cargo volumes decline
# Port In A Storm
# Port In A Storm

Brexit's impact on Dublin Port is 'clear' as cargo volumes decline

Oct 27th 2021, 6:30 AM 34,567 Views 30 Comments

Trade with European ports, meanwhile, has increased by 36% in the first nine months of the year.

Business - Friday 22 October, 2021

Back-to-work protocol updated in wake of decision to delay wide-scale office return
# Remote Working
# Remote Working

Back-to-work protocol updated in wake of decision to delay wide-scale office return

Updated Oct 22nd 2021, 3:45 PM 55,744 Views 28 Comments

Based on advice from NPHET, the Government has decided against scrapping the work-from-home advice.

Business - Wednesday 20 October, 2021

Competition watchdog launches full probe of Bank of Ireland proposal to buy KBC Bank loans
# The Banks
# The Banks

Competition watchdog launches full probe of Bank of Ireland proposal to buy KBC Bank loans

Oct 20th 2021, 3:50 PM 15,035 Views 13 Comments

The CCPC said an in-depth investigation was required to determine whether the deal would weaken competition.

Business - Tuesday 19 October, 2021

Full return to offices won't be possible until 'next spring', says Varadkar
# 22 October
# 22 October

Full return to offices won't be possible until 'next spring', says Varadkar

Updated Oct 19th 2021, 6:00 PM 72,166 Views 53 Comments

The Government was due to remove the guidance to ‘work from home where possible’ on Friday.

Business - Wednesday 13 October, 2021

Morning Memo: Who benefits most from the tax changes in Budget 2022?
# Budget 2022
# Budget 2022

Morning Memo: Who benefits most from the tax changes in Budget 2022?

Oct 13th 2021, 11:53 AM 15,754 Views 5 Comments

Inflation and the cost of living are the two spectres that haunt the Government’s plans for the next year.

Business - Tuesday 12 October, 2021

Budget 2022: Here's how the measures announced today will impact motorists
# Budget 2022
# Budget 2022

Budget 2022: Here's how the measures announced today will impact motorists

Oct 12th 2021, 6:00 PM 30,078 Views 36 Comments

A €7.50 increase on the current rate of Carbon Tax will increase the price of petrol and diesel.

Pandemic wage subsidy scheme to be extended to April 2022, Donohoe confirms
# Budget 2022
# Budget 2022

Pandemic wage subsidy scheme to be extended to April 2022, Donohoe confirms

Oct 12th 2021, 1:43 PM 12,866 Views 11 Comments

The Employment Wage Subsidy Scheme will be closed to new entrants in January.

Business - Thursday 7 October, 2021

Explainer: Why is Ireland about to raise its corporation tax rate from 12.5% to 15%?
# Taxing Matters
# Taxing Matters

Explainer: Why is Ireland about to raise its corporation tax rate from 12.5% to 15%?

Oct 7th 2021, 5:40 PM 19,426 Views 23 Comments
  • After months of negotiating, the Government is expected to sign Ireland up to a new 15% global minimum rate of corporation tax.
  • There is considerable uncertainty about what the changes will mean for the Irish economy and public finances.
  • But it could be 2023 or 2024 by the time the new rules are actually implemented.
'Order being restored' to public finances at a faster pace than expected, economists say
# Debt And Taxes
# Debt And Taxes

'Order being restored' to public finances at a faster pace than expected, economists say

Oct 7th 2021, 6:00 AM 14,189 Views 11 Comments

“Significant investments” in housing, climate change and healthcare will be required, the ESRI said.

Business - Wednesday 6 October, 2021

Zuckerberg says claim Facebook put profits over safety 'just not true'
# Facebook
# Facebook

Zuckerberg says claim Facebook put profits over safety 'just not true'

Oct 6th 2021, 8:32 AM 11,761 Views 27 Comments

His comments came after a whistleblower Frances Haugen, gave evidence to US politicians yesterday.

Irish economic activity to regain pre-Covid health by end of 2021, says Central Bank
# Growth Spurts
# Growth Spurts

Irish economic activity to regain pre-Covid health by end of 2021, says Central Bank

Oct 6th 2021, 6:00 AM 11,045 Views 17 Comments

Forecasters expect price inflation pressures to moderate in 2022 and 2023.

Business - Tuesday 5 October, 2021

What do Irish politicians make of calls to 'nationalise' or 'break up' Facebook?
# Too Big To Fail
# Too Big To Fail

What do Irish politicians make of calls to 'nationalise' or 'break up' Facebook?

Oct 5th 2021, 7:13 PM 18,791 Views 26 Comments

US Congresswoman Alexandria Ocasio-Cortez last night said the company should be broken up.

Phrase 'at least' being removed from draft OECD tax deal
# Corporation Tax
# Corporation Tax

Phrase 'at least' being removed from draft OECD tax deal

Updated Oct 5th 2021, 7:10 PM 45,088 Views 55 Comments

The government said today that no decision has yet been taken on whether Ireland will sign up.

Business - Saturday 2 October, 2021

Danger of Irish 'spillover' from UK truck driver crisis as skills shortage bites
# Driver Shortage
# Driver Shortage

Danger of Irish 'spillover' from UK truck driver crisis as skills shortage bites

Oct 2nd 2021, 9:30 AM 36,451 Views 36 Comments

But supply chain experts say the shortage is not likely to lead to empty shelves this Christmas.

Business - Thursday 30 September, 2021

US drugmaker Perrigo settles €1.6 billion Irish tax bill for under €300 million
# Taxing Matters
# Taxing Matters

US drugmaker Perrigo settles €1.6 billion Irish tax bill for under €300 million

Updated Sep 30th 2021, 7:46 AM 27,526 Views 27 Comments

The firm was hit with a revised tax bill by the Revenue in 2018 over a transaction with rival pharma company Biogen.

Business - Monday 27 September, 2021

Explainer: Berlin has voted to forcibly buy homes from property giants, what happens next?
# Rental Crisis
# Rental Crisis

Explainer: Berlin has voted to forcibly buy homes from property giants, what happens next?

Sep 27th 2021, 1:40 PM 32,249 Views 24 Comments

The referendum supports the expropriation of homes from property companies to the city.

Business - Sunday 26 September, 2021

Supply and demand: What's behind the surge in Irish and European energy prices this year?
# Energy Crisis
# Energy Crisis

Supply and demand: What's behind the surge in Irish and European energy prices this year?

Sep 26th 2021, 12:05 AM 33,209 Views 45 Comments
  • Demand for gas and electricity has surged this year as economies reopened and businesses ramped back up.
  • European benchmark gas prices have tripled as a result.
  • The problems have been exacerbated in Ireland by the temporary closure of two gas-fired power stations.

Business - Saturday 25 September, 2021

Canadian pair released from China following US deal with Huawei’s Meng Wanzhou
# China
# China

Canadian pair released from China following US deal with Huawei’s Meng Wanzhou

Sep 25th 2021, 10:42 AM 19,514 Views 39 Comments

The company’s chief financial officer and the daughter of the company’s founder has now left Vancouver.

Business - Thursday 23 September, 2021

Tánaiste hints at minimum wage increase due to rising cost of living
# Budget 2022
# Budget 2022

Tánaiste hints at minimum wage increase due to rising cost of living

Sep 23rd 2021, 5:54 PM 27,585 Views 39 Comments

The national minimum wage is €10.20 per hour

Apple will not let Fortnite back to app store until case ends
# Apple
# Apple

Apple will not let Fortnite back to app store until case ends

Sep 23rd 2021, 7:01 AM 14,408 Views 10 Comments

Tim Sweeney said Apple’s decision was ‘another abuse of its monopoly power’.

Why is the potential collapse of a Chinese property group causing ructions across the world?
# Evergrande
# Evergrande

Why is the potential collapse of a Chinese property group causing ructions across the world?

Sep 23rd 2021, 6:15 AM 40,053 Views 19 Comments

The cash-strapped behemoth has borrowings of $300 billion.

Business - Monday 20 September, 2021

Morning Memo: Europe's looming 'energy crisis'
# Energy Prices
# Energy Prices

Morning Memo: Europe's looming 'energy crisis'

Sep 20th 2021, 11:57 AM 10,434 Views 12 Comments

European gas prices have tripled this year even before the arrival winter.

Business - Sunday 19 September, 2021

'Perfect storm': Supply chain woes to continue as shoppers told to batten down hatches into 2022
# Shipping Crunch
# Shipping Crunch

'Perfect storm': Supply chain woes to continue as shoppers told to batten down hatches into 2022

Sep 19th 2021, 12:05 AM 97,105 Views 39 Comments
  • Irish bathroom and furniture businesses have been hit hard by the global transport crisis, a new report highlights.
  • Blockages at European ports like Antwerp and Rotterdam have particularly hurt Irish firms.
  • Disruption and elevated shipping costs are expected to last until at least the second quarter of 2022.

Business - Saturday 18 September, 2021

Poll: Do you plan on starting your Christmas shopping early to avoid delivery delays?
# Your Say
# Your Say

Poll: Do you plan on starting your Christmas shopping early to avoid delivery delays?

Sep 18th 2021, 9:53 AM 36,708 Views 50 Comments

Consumer growth is having a profound impact on global supply chains.

Business - Thursday 16 September, 2021

WhatsApp Ireland fights back against Data Protection Commissioner's €225 million fine
# GDPR
# GDPR

WhatsApp Ireland fights back against Data Protection Commissioner's €225 million fine

Updated Sep 16th 2021, 6:33 PM 15,894 Views 15 Comments

The Facebook-owned company has launched judicial review proceedings against the penalty in the High Court.

Business - Tuesday 14 September, 2021

Government should abandon plans for 'unaffordable tax cuts', says ICTU
# Budget 2022
# Budget 2022

Government should abandon plans for 'unaffordable tax cuts', says ICTU

Updated Sep 14th 2021, 11:01 AM 26,346 Views 42 Comments
  • "Permanent tax cuts" set out in the Summer Economic Statement are "unjustified", ICTU says.
  • Instead, Budget 2022 should prioritise spending on public services including early years care.
  • Government should phase out various reliefs related to Capital Acquisitions and Local Property taxes.
Top Pandemic Unemployment Payment rates cut by €50 from today
# Income Support
# Income Support

Top Pandemic Unemployment Payment rates cut by €50 from today

Sep 14th 2021, 6:00 AM 28,400 Views 13 Comments

The process of moving some PUP recipients to jobseeker’s payments has been deferred until late October.

Business - Sunday 12 September, 2021

Christmas shoppers advised to buy early this year with supply bottlenecks likely to linger
# Supply Chain Chaos
# Supply Chain Chaos

Christmas shoppers advised to buy early this year with supply bottlenecks likely to linger

Sep 12th 2021, 12:05 AM 102,007 Views 57 Comments
  • Smyths Toys has said Christmas shoppers should start early this year because of "global supply issues.
  • Ikea Ireland said this week that up to 10% of its product lines are unavailable.
  • Experts say the effects of the global transport crisis could linger for another 12 months.

Business - Saturday 11 September, 2021

Irish trade unions voice concern over Amazon worker surveillance and alleged union-busting
# Workplace Relations
# Workplace Relations

Irish trade unions voice concern over Amazon worker surveillance and alleged union-busting

Sep 11th 2021, 6:00 AM 34,512 Views 30 Comments

“Our employees have the choice of whether or not to join a union,” an Amazon spokesperson said.

Business - Thursday 9 September, 2021

August saw the largest annual jump in consumer prices in nearly a decade
# Quite A Jump
# Quite A Jump

August saw the largest annual jump in consumer prices in nearly a decade

Sep 9th 2021, 11:52 AM 15,353 Views 21 Comments

It follows a sharp drop-off in prices last year due to public health restrictions.

Amazon to create 500 jobs at new Irish warehouse
# Baldonnell
# Baldonnell

Amazon to create 500 jobs at new Irish warehouse

Sep 9th 2021, 8:59 AM 58,457 Views 98 Comments

The facility is due to open next spring and will be the first of its kind in Ireland.

Business - Thursday 2 September, 2021

Sharp improvements in house building activity noted in the first half of 2021
# Momentum Builds
# Momentum Builds

Sharp improvements in house building activity noted in the first half of 2021

Sep 2nd 2021, 6:30 AM 10,797 Views 7 Comments

Work on 12,700 housing units commenced in the second quarter, the highest number since 2007.

Business - Sunday 29 August, 2021

Dealz confirms €20 million expansion across Ireland over next three years
# Job Creation
# Job Creation

Dealz confirms €20 million expansion across Ireland over next three years

Aug 29th 2021, 2:45 PM 28,044 Views 31 Comments

The discount retailer said this could lead to up to 500 jobs being created in that time.

Business - Tuesday 24 August, 2021

Vast majority of Irish retailers struggling with rent arrears, according to new survey
# Landlords
# Landlords

Vast majority of Irish retailers struggling with rent arrears, according to new survey

Aug 24th 2021, 11:04 AM 10,352 Views 13 Comments

In 20% of cases, retailers said they had no engagement from their landlord on the issue of arrears.

Business - Wednesday 18 August, 2021

Ryanair says it will not accept boarding passes issued by Kiwi.com
# Flights
# Flights

Ryanair says it will not accept boarding passes issued by Kiwi.com

Updated Aug 18th 2021, 7:02 PM 118,255 Views 54 Comments

Customers have been told to avoid booking flights via third party agents.

Business - Monday 16 August, 2021

Workers petition Dunnes Stores for pandemic pay increase to be made permanent
# Covid Pay
# Covid Pay

Workers petition Dunnes Stores for pandemic pay increase to be made permanent

Aug 16th 2021, 12:26 PM 29,101 Views 38 Comments

Staff received a temporary 10% pay increase in March 2020.

Business - Wednesday 11 August, 2021

Eir to add a further 200,000 homes and businesses to its gigabit fibre network
# National Broadband Plan
# National Broadband Plan

Eir to add a further 200,000 homes and businesses to its gigabit fibre network

Updated Aug 11th 2021, 1:41 PM 24,461 Views 68 Comments

The company says the move means that 1.9m or 84% of premises in the country will have access.

Business - Tuesday 10 August, 2021

Paschal Donohoe says he 'absolutely accepts' Leo Varadkar's explanations about 'Merrion Gate'
# Taxation Report
# Taxation Report

Paschal Donohoe says he 'absolutely accepts' Leo Varadkar's explanations about 'Merrion Gate'

Aug 10th 2021, 1:49 PM 24,795 Views 68 Comments

Donohoe also said today that he was invited to the event but was out of the country when it took place.

Business - Saturday 7 August, 2021

From used cars to a loaf of bread, inflation bites Irish businesses and consumers
# Price Pressures
# Price Pressures

From used cars to a loaf of bread, inflation bites Irish businesses and consumers

Aug 7th 2021, 8:00 AM 38,089 Views 50 Comments

Irish used car prices have increased by 40% in the year to the end of June