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Business - Today’s News

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

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

2 hours ago 1,483 Views 0 Comments

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

Business - Yesterday’s News

Survey places Dublin among most expensive cities for international workers
# Cost Of Living
# Cost Of Living

Survey places Dublin among most expensive cities for international workers

Wed 10:19 AM 14,327 Views 16 Comments

Mercer’s 2022 Cost of Living Survey launched ranked Hong Kong as the most expensive city for expatriates.

Business - Wednesday 22 June, 2022

High-earning public servants to have pay restored, as Varadkar admits timing 'isn't the best'
# FEMPI
# FEMPI

High-earning public servants to have pay restored, as Varadkar admits timing 'isn't the best'

Updated Jun 22nd 2022, 9:00 AM 45,247 Views 108 Comments

The public servants due to have their pay restored include medical consultants, members of the judiciary and some CEOs.

Business - Tuesday 21 June, 2022

Elon Musk's €41 billion bid to buy Twitter gets unanimous approval from shareholders
# World's Richest Man
# World's Richest Man

Elon Musk's €41 billion bid to buy Twitter gets unanimous approval from shareholders

Jun 21st 2022, 3:55 PM 11,219 Views 18 Comments

The Tesla chief executive bought 9.2% of the social media company in early April.

Business - Friday 17 June, 2022

Elon Musk addresses Twitter staff, targets 1 billion users and a website 'you can't live without'
# Takeover
# Takeover

Elon Musk addresses Twitter staff, targets 1 billion users and a website 'you can't live without'

Jun 17th 2022, 8:57 AM 20,712 Views 21 Comments

According to multiple reports, Musk also addressed possible layoffs at the company

Business - Tuesday 14 June, 2022

Parents of Irish teenage Instagram users can now supervise their child's account
# Watchful Eye
# Watchful Eye

Parents of Irish teenage Instagram users can now supervise their child's account

Jun 14th 2022, 11:30 AM 8,819 Views 2 Comments

Parents can now send invitations to their teens to initiate supervision tools.

Business - Tuesday 7 June, 2022

Musk accuses Twitter of withholding data and threatens to withdraw bid
# Social Buy Up
# Social Buy Up

Musk accuses Twitter of withholding data and threatens to withdraw bid

Jun 7th 2022, 2:04 PM 9,798 Views 14 Comments

The mercurial Musk agreed a deal in late April to purchase Twitter.

Business - Friday 3 June, 2022

Not quite normal: Airport chaos mirrors post-Covid economy struggling to find its level
# Analysis
# Analysis

Not quite normal: Airport chaos mirrors post-Covid economy struggling to find its level

Jun 3rd 2022, 11:57 AM 11,220 Views 14 Comments

The airport isn’t the only business that hasn’t been able to cater for rapid increased demand.

Business - Wednesday 1 June, 2022

KBC writes to customers giving them six months to close their accounts
# Time To Switch
# Time To Switch

KBC writes to customers giving them six months to close their accounts

Jun 1st 2022, 8:58 AM 8,902 Views 8 Comments

The bank has 130,000 current accounts that are active or have a balance.

Business - Tuesday 31 May, 2022

Passengers who missed flights due to Dublin Airport chaos have 'no automatic right to redress'
# Turbulent Times
# Turbulent Times

Passengers who missed flights due to Dublin Airport chaos have 'no automatic right to redress'

May 31st 2022, 12:38 PM 32,662 Views 14 Comments

Dublin Airport Authority may also face financial penalties, according to regulators.

Business - Monday 30 May, 2022

DAA given until tomorrow morning to find solutions to airport chaos, ministers say
# Final Call
# Final Call

DAA given until tomorrow morning to find solutions to airport chaos, ministers say

Updated May 30th 2022, 7:50 PM 121,402 Views 199 Comments

Around 1,000 people missed a flight yesterday because of lengthy queues.

ESB to create 1,000 jobs over three years as part of net zero by 2040 pledge
# Energy
# Energy

ESB to create 1,000 jobs over three years as part of net zero by 2040 pledge

May 30th 2022, 9:33 AM 12,795 Views 13 Comments

The jobs will be across a diverse range of skills from HR to marine biology.

Business - Wednesday 25 May, 2022

Taoiseach at Davos: 'Wind is Ireland's oil and that's how we're going to play it'
# Swiss Teesh
# Swiss Teesh

Taoiseach at Davos: 'Wind is Ireland's oil and that's how we're going to play it'

May 25th 2022, 4:38 PM 31,593 Views 52 Comments

Micheál Martin was speaking to Bloomberg TV at the World Economic Forum.

Business - Tuesday 24 May, 2022

Over 300 jobs to go at PayPal offices in Dundalk and Blanchardstown
# Redundancies
# Redundancies

Over 300 jobs to go at PayPal offices in Dundalk and Blanchardstown

May 24th 2022, 3:06 PM 38,517 Views 30 Comments

135 jobs in Blanchardstown and 172 jobs in Dundalk will be affected.

Watchdog clears Bank of Ireland €9 billion KBC deal despite 'significant' concerns
# Probe
# Probe

Watchdog clears Bank of Ireland €9 billion KBC deal despite 'significant' concerns

May 24th 2022, 9:14 AM 13,994 Views 16 Comments

The sale would see Bank of Ireland acquire KBC’s performing loan assets.

Business - Monday 23 May, 2022

Billionaires’ wealth rose more during Covid-19 pandemic than in 23 years combined
# Davos
# Davos

Billionaires’ wealth rose more during Covid-19 pandemic than in 23 years combined

May 23rd 2022, 8:02 AM 18,253 Views 41 Comments

A new billionaire was created every 30 hours during the pandemic, according to Oxfam.

Business - Friday 20 May, 2022

Construction costs surge again in April as inflation continues to pump up wholesale prices
# Price Pressures
# Price Pressures

Construction costs surge again in April as inflation continues to pump up wholesale prices

May 20th 2022, 2:52 PM 16,553 Views 18 Comments

Structural steel and fabricated metal prices were up 42% and 38.5% respectively over 12 months.

Business - Wednesday 18 May, 2022

Exiting Ulster Bank gives customers six-month 'deadline' to repay their overdrafts
# The Banks
# The Banks

Exiting Ulster Bank gives customers six-month 'deadline' to repay their overdrafts

May 18th 2022, 4:25 PM 38,366 Views 27 Comments

But bank officials said the lender will remain flexible and urged customers having difficulties to come forward immediately.

Department to explore 'substantial' revisions to remote working bill after criticism
# Home Work
# Home Work

Department to explore 'substantial' revisions to remote working bill after criticism

Updated May 18th 2022, 12:00 PM 36,652 Views 56 Comments

The draft bill has gone down like a “lead balloon” with workers, said Sinn Féin’s Louise O’Reilly.

Business - Monday 16 May, 2022

Buy-now-pay-later firms offering 'indirect credit' must now be authorised by the Central Bank
# New Rules
# New Rules

Buy-now-pay-later firms offering 'indirect credit' must now be authorised by the Central Bank

May 16th 2022, 2:14 PM 13,846 Views 5 Comments

The regulator has also placed an interest rate cap of 23% APR on all consumer credit agreements.

Ryanair lost €355 million last year amid 'fragile' recovery in air travel from the pandemic
# Turbulent Times
# Turbulent Times

Ryanair lost €355 million last year amid 'fragile' recovery in air travel from the pandemic

May 16th 2022, 7:44 AM 9,269 Views 4 Comments

The low-cost airline said it hopes to return to profitability in the current financial year,

Business - Friday 13 May, 2022

Elon Musk 'still committed' to $44 billion Twitter takeover despite putting deal 'on hold'
# Twitter Takeover
# Twitter Takeover

Elon Musk 'still committed' to $44 billion Twitter takeover despite putting deal 'on hold'

Updated May 13th 2022, 2:20 PM 23,666 Views 15 Comments

The Tesla chief executive tweeted the news this morning.

Business - Thursday 12 May, 2022

Despite prices falling at the pump, annual Irish consumer price inflation hit 7% in April — a 22-year high
# Cost Of Living
# Cost Of Living

Despite prices falling at the pump, annual Irish consumer price inflation hit 7% in April — a 22-year high

May 12th 2022, 11:42 AM 10,433 Views 26 Comments

Consumer price inflation has now been rising at an annual pace of 5% or more since October 2022.

Business - Tuesday 10 May, 2022

Competition authority launches full probe into Permanent TSB's €7.6 billion Ulster Bank deal
# The Banks
# The Banks

Competition authority launches full probe into Permanent TSB's €7.6 billion Ulster Bank deal

May 10th 2022, 2:20 PM 15,237 Views 6 Comments

The investigation will determine whether the proposed acquisition could lead to a substantial lessening of competition in the State.

Business - Thursday 5 May, 2022

European Parliament votes to extend Digital Covid Certs for 12 months
# Travel
# Travel

European Parliament votes to extend Digital Covid Certs for 12 months

May 5th 2022, 12:09 PM 23,285 Views 22 Comments

The non-binding vote means member states can discuss extending the system past the end date of 30 June.

Business - Wednesday 4 May, 2022

Contactless and smartphone payments on Dublin Bus may be possible 'late next year'
# Tap Tap Tap
# Tap Tap Tap

Contactless and smartphone payments on Dublin Bus may be possible 'late next year'

May 4th 2022, 6:23 PM 18,369 Views 38 Comments

Dublin Bus CEO Ray Coyne also said that any decision to go fully cashless would be taken by government.

Business - Sunday 1 May, 2022

Cost of living: Price rises on electricity and gas to kick in from today
# Inflation Crisis
# Inflation Crisis

Cost of living: Price rises on electricity and gas to kick in from today

May 1st 2022, 7:00 AM 31,162 Views 53 Comments

The contentious increase in Carbon Tax begins from today as part of the legislated gradual increase of the charge

Business - Saturday 30 April, 2022

After Moscow follows through on gas cut threat, 'all bets are off' on Europe's Russian supply
# Energy Crisis
# Energy Crisis

After Moscow follows through on gas cut threat, 'all bets are off' on Europe's Russian supply

Apr 30th 2022, 12:05 AM 39,650 Views 24 Comments
  • Russia may have 'crossed the Rubicon' by halting gas flows to Poland and Bulgaria this week, experts say.
  • The move by Gazprom throws into question assumptions about Russia's unwillingness to retaliate using its energy exports.
  • Ireland imports no gas directly from Russia but a loss of Russian supply to Europe could further push up global prices.

Business - Friday 29 April, 2022

Flurry of announcements caps off noteworthy week for Irish banks and their customers
# The Banks
# The Banks

Flurry of announcements caps off noteworthy week for Irish banks and their customers

Apr 29th 2022, 12:26 PM 16,322 Views 0 Comments

Stakeholders say the industry is staring down the barrel of one of the biggest logistical challenges in its history.

Business - Tuesday 26 April, 2022

Bank of Ireland announces CEO Francesca McDonagh to step down
# Banking
# Banking

Bank of Ireland announces CEO Francesca McDonagh to step down

Apr 26th 2022, 6:59 PM 36,563 Views 34 Comments

McDonagh joined Bank of Ireland in October 2017 as Group Chief Executive Officer.

Question marks hang over Elon Musk's plans after $44 billion Twitter takeover deal
# Known Unknowns
# Known Unknowns

Question marks hang over Elon Musk's plans after $44 billion Twitter takeover deal

Apr 26th 2022, 5:25 PM 16,471 Views 20 Comments

What has Musk said about his vision for the social media platform and what do experts think is actually going to happen?

Dáil turf wars: Eamon Ryan seeks to unite coalition against Sinn Féin motion
# Fossil Fuels
# Fossil Fuels

Dáil turf wars: Eamon Ryan seeks to unite coalition against Sinn Féin motion

Apr 26th 2022, 9:46 AM 45,060 Views 81 Comments
  • The government insists there is no outright ban and that there are exemptions to the regulations.
  • Several coalition TDs have expressed concern about what the rules would mean for rural areas.
  • Sinn Fein calls the new rules "unfair and unworkable".

Business - Monday 25 April, 2022

Twitter confirms sale of company to Elon Musk for $44 billion
# Silly Money
# Silly Money

Twitter confirms sale of company to Elon Musk for $44 billion

Updated Apr 25th 2022, 8:44 PM 73,977 Views 82 Comments

Tesla CEO Musk said on Thursday he had secured funding to finance the purchase.

Business - Friday 22 April, 2022

€200m plan for wind energy hub at Rosslare 'could be the south-east's Silicon Docks'
# Investment
# Investment

€200m plan for wind energy hub at Rosslare 'could be the south-east's Silicon Docks'

Apr 22nd 2022, 7:40 AM 15,292 Views 8 Comments

Rosslare Europort wants to act as a base for the offshore renewable energy industry.

Business - Wednesday 20 April, 2022

City centre businesses vote to retain DublinTown organisation for another five years
# Dublin Town
# Dublin Town

City centre businesses vote to retain DublinTown organisation for another five years

Apr 20th 2022, 3:12 PM 11,893 Views 14 Comments

Out of 2,500 eligible businesses, just over 1,200 took part in the plebiscite on the future of the scheme.

Business - Tuesday 19 April, 2022

The Twittering classes: Elon Musk's $43 billion bid and Twitter's 'poison pill'
# Morning Memo
# Morning Memo

The Twittering classes: Elon Musk's $43 billion bid and Twitter's 'poison pill'

Apr 19th 2022, 11:33 AM 13,706 Views 12 Comments

Twitter co-founder and board member Jack Dorsey has signalled his unhappiness with the board’s handling of the situation.

Business - Thursday 14 April, 2022

Boston Scientific to pump €100 million into Galway facility, adding 300 jobs
# Ballybrit
# Ballybrit

Boston Scientific to pump €100 million into Galway facility, adding 300 jobs

Apr 14th 2022, 8:13 AM 11,868 Views 9 Comments

Opened in 2019, the facility is the firm’s second in Galway City where it has had a presence since 1994.

Business - Wednesday 13 April, 2022

Ulster Bank gives current and deposit account customers six months' notice to switch providers
# The Banks
# The Banks

Ulster Bank gives current and deposit account customers six months' notice to switch providers

Apr 13th 2022, 1:39 PM 28,351 Views 11 Comments

Separately, KBC Bank announced yesterday that from June, customers will get 90 days’ notice to move their accounts.

Business - Monday 11 April, 2022

Raise social welfare rates to shield struggling households from spiralling inflation, experts say
# Cost Of Living
# Cost Of Living

Raise social welfare rates to shield struggling households from spiralling inflation, experts say

Apr 11th 2022, 12:05 AM 52,281 Views 58 Comments
  • Current social welfare rates were set last year when inflation was expected to peak at 4.5% annually.
  • But with prices on the march, household earnings are now expected to fall in real terms in 2022 for the first time since 2013.
  • Economists say raising core social welfare raise on a temporary basis could be the best way of protecting low-income households.

Business - Thursday 7 April, 2022

Cost of living anxieties mount as inflation accelerates to 6.7% in March
# Consumer Prices
# Consumer Prices

Cost of living anxieties mount as inflation accelerates to 6.7% in March

Apr 7th 2022, 11:43 AM 8,616 Views 21 Comments

It represents the largest annual change in prices since November 2000.

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