Business News · TheJournal.ie

Business - Saturday 15 January, 2022

# Hauliers

Road safety fears raised over relaxation of lorry driver resting time rules

Sat 6:15 AM 20,738 Views 30 Comments

“I am not aware of any scientific evidence that supports this move” a Sinn Fin spokesperson said.

Business - Wednesday 12 January, 2022

# Close Contacts

No change to hospitality restrictions until February at the earliest, Taoiseach confirms

Updated Jan 12th 2022, 12:32 PM 45,077 Views 92 Comments

Micheál Martin said that Cabinet would discuss the restrictions on hospitality again at the end of January.

# Supply And Demand

As 'unprecedented' inflation bites, the gap between Irish used and new car prices is tightening

Jan 12th 2022, 6:00 AM 46,050 Views 79 Comments

In some cases, a second-hand car is being listed with a higher asking price than a new version of the same model.

Business - Friday 7 January, 2022

# Retail Sales

Irish shoppers splashed out on clothes and DIY supplies in the lead-up to Christmas

Jan 7th 2022, 2:09 PM 9,923 Views 3 Comments

But the volume of sales in pubs was still 29.2% below pre-pandemic levels in November, the CSO said.

Business - Thursday 6 January, 2022

# Corporation Tax

Irish corporation tax revenues set to decline from 2023 onwards, says Donohoe

Jan 6th 2022, 12:35 PM 22,889 Views 47 Comments

New figures revealed that Irish tax receipts surged to their highest ever level last year at 68.4 billion euro.

Business - Wednesday 5 January, 2022

# State Finances

Ireland reports record €68.4 billion tax take for 2021 - an annual increase of almost 20%

Jan 5th 2022, 4:31 PM 25,131 Views 38 Comments

That’s according to exchequer returns for December published by the Department of Finance this afternoon.

# Close Contacts

Supermarkets and hauliers struggling with 'higher than normal' rates of staff shortages

Jan 5th 2022, 3:16 PM 16,529 Views 5 Comments

Amid industry pressure, the Taoiseach said NPHET will keep the isolation period for close contacts under review.

Business - Tuesday 4 January, 2022

# Covid Absences

'Absenteeism': Union officials hit out at use of term to describe workers out for Covid reasons

Jan 4th 2022, 3:51 PM 24,135 Views 19 Comments

“Covid-related shortages are not the result of ‘absenteeism’, which is defined as an avoidable absence from work.”

Business - Tuesday 28 December, 2021

# Climate Change

Ibec boss warned Taoiseach that climate budget could cost economy €7.8bn a year

Dec 28th 2021, 1:35 PM 15,191 Views 17 Comments

A move to include emissions from land usage in the budgets would ‘totally undermine the viability’ of the agri-food industry, CEO Danny McCoy wrote.

Business - Wednesday 22 December, 2021

# Winter Is Coming

Incoming cold snap looks likely to bring inflated Irish energy bills with it in early 2022

Dec 22nd 2021, 12:05 AM 68,748 Views 49 Comments

The arrival of freezing temperatures in parts of Europe will likely increase European demand for natural gas.
While the forecast for Ireland is comparatively mild, supplies of gas are in relatively short supply across Europe due to a number of factors.
This could further increase wholesale gas prices, in turn, fueling electricity and gas bill hikes as soon as January.

Business - Tuesday 21 December, 2021

# Omicron

'We can get through Omicron and overcome it' - Taoiseach

Updated Dec 21st 2021, 5:20 PM 66,681 Views 147 Comments

All restaurants, bars, cinemas and theatres must close at 8pm until 30 January
There is speculation that further restrictions could be introduced in the coming weeks
The Taoiseach has said that data on Omicron will be the "key consideration" around restrictions

# The Banks

State to sell 15% chunk of its AIB stake over the next six months, Donohoe announces

Dec 21st 2021, 8:48 AM 19,756 Views 33 Comments

The plan is similar to the one used by the Government to sell part of its remaining bailout-era stake in Bank of Ireland.

# Trading Places

Brexit drives slump in Irish imports from Britain while cross-border trade flourishes

Dec 21st 2021, 6:00 AM 25,993 Views 15 Comments

The food and beverage sector has been particularly affected by the changes, according to the ESRI.

Business - Friday 17 December, 2021

# PTSB

Permanent TSB signs agreement to buy €7 billion of Ulster Bank mortgages and 25 branches

Dec 17th 2021, 10:21 AM 14,301 Views 12 Comments

The bank will also acquire Business Direct and Lombard Asset Finance loan business under the deal.

Business - Tuesday 14 December, 2021

# Investigation

'Wild West': Private fertility sector making millions as patients left in debt

Dec 14th 2021, 12:05 AM 33,791 Views 13 Comments

Noteworthy reveals numerous decisions have not been finalised on long-promised public IVF services
Reporter Maria Delaney finds people are using house deposits to pay for fertility treatment
A lack of legislation is leaving Ireland a ‘Wild West’ when it comes to treatment provision

Business - Sunday 12 December, 2021

# Brexit

Irish trade and politics are being transformed by Brexit - but how? What can we expect in 2022?

Dec 12th 2021, 7:00 PM 17,439 Views 10 Comments

We’ve spent the last six weeks attempting to answer these questions at The Good Information Project.

Business - Thursday 9 December, 2021

# Inflation

Irish consumer prices rise 5.3% during biggest annual increase in 20 years

Updated Dec 9th 2021, 1:49 PM 19,301 Views 49 Comments

Soaring petrol, diesel and energy prices continue to drive inflation, the CSO said.

# BUSINESS SUPPORTS

Govt says it was 'too complicated' to bring in targeted hospitality supports and instead extends EWSS

Updated Dec 9th 2021, 12:42 PM 20,007 Views 22 Comments

Minister Paschal Donohoe says it was too complex to bring in targeted supports Christmas.
The higher rate of the Employment Wage Subsidy Scheme has been extended across December and January.
Planned reductions building up to the end of the scheme on 30 April will continue.

Business - Wednesday 8 December, 2021

# Catherine Martin

Minister announces €50 million boost for live entertainment with extra €3 million for pantos

Dec 8th 2021, 3:22 PM 8,933 Views 11 Comments

Leo Varadkar said a decision will be made today or tomorrow on a support scheme for businesses affected by new restrictions.

# Frozen Out

Amazon server outage hits thousands of Disney+ and Netflix customers

Dec 8th 2021, 7:42 AM 27,900 Views 7 Comments

The e-commerce giant said it has “identified the root cause and are actively working towards recovery.”

Business - Monday 6 December, 2021

# Festive Spirit

Shop workers facing 'worrying' rise in verbal abuse from customers this Christmas

Dec 6th 2021, 6:30 AM 36,917 Views 35 Comments

Mandate is calling for greater respect for retail workers on the frontline.

Business - Thursday 2 December, 2021

# Hospitality

'We've had 3,400 cancellations in 3 weeks': Restaurants say Christmas trade has been 'decimated'

Dec 2nd 2021, 4:00 PM 47,908 Views 37 Comments

Businesses have called for cuts to the Employment Wage Subsidy Scheme to be reversed amid mass cancellations over Covid fears.

# Christmas Cancellations

Varadkar says hospitality sector is 'taking a hit for the team' as he pledges continued supports

Dec 2nd 2021, 2:33 PM 20,158 Views 20 Comments

Varadkar said a decision on financial supports will be made in the coming days.

# The Banks

Bank of Ireland fined €24.5 million for IT failures that had potential 'serious' customer impact

Dec 2nd 2021, 11:00 AM 37,758 Views 20 Comments

The failures could have led to customers being denied access to basic banking services.

Business - Sunday 28 November, 2021

# Trade Winds

Rosslare Europort had one of the busiest days in its history this month - thanks to Brexit

Nov 28th 2021, 12:05 AM 57,032 Views 26 Comments

The volume of cargo going through the Wexford port has ballooned by 55% this year
A big increase in direct trade with Europe is driving the change, writes Ian Curran
Irish businesses are finding new customers and new suppliers in Europe as an alternative to Britain

Business - Wednesday 24 November, 2021

# Power Trip

Two big power stations disconnected from the national grid on Monday night in rare 'one-off' event

Nov 24th 2021, 4:12 PM 92,919 Views 47 Comments

The 'tripping' of the two stations resulted in the loss of 820 megawatts of power to the grid.
This was the equivalent of 20% of the total national demand for electricity at that time.
A spokesperson for EirGrid said the incident was unrelated to ongoing issues around security of electricity supply.

Business - Tuesday 23 November, 2021

# Covid Supports

Government to keep wage subsidy scheme levels 'under review', says minister

Nov 23rd 2021, 3:59 PM 7,464 Views 9 Comments

The scheme is supporting 289,000 workers and 25,800 employers at cost of €414 million, as of last month, said Donohoe.

# Banking

Banking review to assess mortgage pricing, savings rates and bankers' pay

Nov 23rd 2021, 3:13 PM 15,925 Views 12 Comments

The review will also assess submissions on the salary cap for bankers.

# Brexit

Brexit is fuelling a boom in cross-border trade. But why? And what does it mean for the island?

Nov 23rd 2021, 12:05 AM 36,699 Views 15 Comments

In the year to September, the value of imports to the Republic from the North grew by 60% to almost €2.6 billion.
The value of goods going the opposite direction rose by almost 50% over the same period last year to €2.8 billion.
The changes have been born of necessity rather than politics or questions of identity, Ian Curran writes.

Business - Thursday 11 November, 2021

# Inflation

Cost of living concerns mount as October sees largest annual jump in consumer prices since 2007

Nov 11th 2021, 2:49 PM 21,664 Views 47 Comments

Electricity and fuel costs are the main drivers of inflation currently, the Central Statistics Office said.

# Sell Sell Sell

Elon Musk sells $5 billion of Tesla shares mostly to cover taxes, shortly after Twitter poll

Nov 11th 2021, 7:53 AM 25,396 Views 14 Comments

Close to 58% of the 3.5 million votes were cast supporting a sale in the poll over the weekend.

Business - Wednesday 10 November, 2021

# Innovate

Watchdog orders shop to refund customers who never received PS5 consoles bought last year

Nov 10th 2021, 12:39 PM 36,671 Views 0 Comments

The consoles were bought as gifts for Christmas 2020 but never received.

Business - Tuesday 9 November, 2021

# Sean FitzPatrick

Anglo's collapse has had an outsized impact on Irish life and so will Seán FitzPatrick's legacy

Nov 9th 2021, 6:48 PM 25,356 Views 2 Comments

The former chairman of the collapsed bank never felt he had anything to apologise for.

Business - Thursday 4 November, 2021

# Climate Action Plan

Agriculture, Building, Transport: Here's how sectors are expected to cut emissions by 2030

Nov 4th 2021, 5:51 PM 8,556 Views 13 Comments

The agriculture sector has been targeted with the lowest change – a 22% to 30% reduction in emissions.

Business - Tuesday 2 November, 2021

# Meta

Facebook ends facial recognition over privacy fears

Nov 2nd 2021, 10:30 PM 12,376 Views 13 Comments

The announcement came as the tech giant battles one of its worst crises ever.

Business - Monday 1 November, 2021

# Driver Shortage

'Concertina effect': Supply chain and shipping disruption could last 'the entirety of 2022'

Nov 1st 2021, 12:05 AM 33,798 Views 23 Comments

Major congestion at European feeder ports serving Ireland continues to delay the flow of goods to and from Irish ports.
Once goods arrive in Ireland, a shortage of truck drivers is causing delays to final deliveries.
Businesses are being urged to afford struggling hauliers and drivers respect ahead of what could be a challenging Christmas.

Business - Thursday 28 October, 2021

# Price Inflation

'Supply chain bottlenecks and rising energy prices' are main threat to recovery, warns Lagarde

Oct 28th 2021, 2:15 PM 10,500 Views 11 Comments

Despite rising prices, the European Central Bank also decided to keep its pandemic stimulus efforts unchanged.

Business - Wednesday 27 October, 2021

# Empty Piggy Bank

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

Oct 27th 2021, 7:11 PM 19,853 Views 22 Comments

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

# Port In A Storm

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

Oct 27th 2021, 6:30 AM 34,488 Views 31 Comments

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

Business - Friday 22 October, 2021

# Remote Working

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

Updated Oct 22nd 2021, 3:45 PM 55,646 Views 28 Comments

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

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