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Business

This week
17th September 2023 - 21st September 2023
Why a Dublin firm’s mega-merger has plunged the Irish stock exchange into an existential crisis
Euronext Dublin’s niche could be building a home for up and coming businesses looking to scale quickly and which want a jumping off point into the wider European market, writes Paul O’Donoghue.
Last week
10th September 2023 - 16th September 2023
Apple to update iPhone 12 in France over radiation concerns from regulators
France had ordered a halt to sales of the device this week after finding that the phone emitted more electromagnetic waves than permitted.
Sponsored
HSE's guide to cervical screening tests
A cervical screening test helps discover if you are at risk of developing cervical cancer.
TikTok fined €345 million by Ireland's data watchdog over processing of children’s data
Tiktok said that it “respectfully disagreed” with the level of the fine imposed and said it related to features and settings in place three years ago.
The Late Late Show bags new sponsor ahead of show's return tonight
Permanent TSB says it is partnering up with a “national institution”.
Minister calls on Pepper to be 'absolutely clear' with customers about new fixed mortgage interest rate
Mortgage holders with non-banks and vulture funds can now switch to one of the pillar banks, says Minister McGrath.
This month
September 2023
The government's blind devotion to Help to Buy has likely cost Irish taxpayers €240 million
The state is spending hundreds of millions a year on the Help to Buy Scheme – but around one third of that is going towards people who don’t need it.
Sponsored
Worried about your child being bullied online? Here’s some helpful advice
Cyberbullying can happen to anyone. It’s always wrong and it should never be overlooked or ignored.
Last month
August 2023
The European Union's tough new laws on social media content have officially come into force
Platforms with at least 45 million monthly active users will be subjected to fulfil every new obligation.
Why Ireland’s biggest private landlord is struggling - despite average rents of €1,800 a month
The short answer: interest rates.
People Before Profit propose scrapping TV licence and funding RTÉ through a new 'Big Tech Tax'
The party’s self labelled “radical plan” proposes to increase RTÉ’s budget to €500 million through public funds secured by the new tax.
Tourism Ireland announce Ronan O'Gara as the face of Cork in France
The Corkman will advertise Cork to the French in hopes holidaymakers visit the county during the off-season.
July
July 2023
San Francisco warns Musk he needs permit for giant, flashing X sign
Local residents complained about the flashing lights emitting from the sign at night.
National Lottery operator to be bought by French gambling company for €350m
Française des Jeux has agreed to purchase the Lotto operator, Premier Lotteries Ireland, for €350 million.
European Central Bank increases interest rates for the ninth time since last summer
The ECB last increased its interest rates on 15 June by 0.25%.
Barbie smashes Irish box office with biggest opening weekend this year or last year
The Cillian Murphy-fronted Oppenheimer also packed in moviegoers for a bumper weekend at Irish cinemas.
Ryanair records €663m profit for three months to June but warns of falling winter demand
Ryanair fares up 42% on average, at €49, and passenger traffic grew 11% compared to last year.
X lives: Twitter's CEO says rebrand 'is here' and Elon Musk changes bio to X.com
Tweeting a picture of the company’s new logo this morning, Twitter’s CEO said “X is here! Let’s do this.”
'Weight-based' tax for cars considered to offset the annual €1.5b cost of switching to EVs
Recent reports suggest the introduction of an increase to registration tax, congestion charges and weight-based charges.
Ten businesses issued with closure orders last month by Food Safety Authority
A sushi restaurant that didn’t identify hazards of raw fish and a creche in Wexford were issued with orders.
Aviation watchdog obtains €348,000 in refunds for passengers in 2022
1,253 complaints were made against Aer Lingus and 830 were made against Ryanair.
Cross-border trade between Ireland and the North 'increased significantly' since Brexit: ESRI
These figures, according to the ESRI report, signify “high levels of trade integration across the border”.
June
June 2023
RTÉ, Ryan and Renault: The broadcaster's deal to keep Tubs on side
How an unsigned contract, a verbal agreement and a “loyalty bonus” lead to the secret €75,000 payments.
Right hook to the Facebook: Elon Musk and Mark Zuckerberg agree to cage fight
Elon Musk tweeted that he was ‘up for a cage fight’ with Meta boss Mark Zuckerberg.
Aviva says 'suspicious' personal injury claims are being withdrawn on the steps of court
New internal analysis by Aviva said fraudulent claims are a “huge cost to insurers, motorists, and society”.
Watchdog warns about electric car 'zero emissions' claims
Volkswagen said it would include a disclaimer in future advertising if repeating the “zero driving emissions” claim.
Finance Minister wants 'prudent' Budget as Taoiseach seeks threshold for higher tax rate at €50k
Michael McGrath said his “overarching priorities” for the budget include the protection of living standards.
Irish economy falls 4.6% in the first quarter of 2023, more than estimated by CSO
The decrease is 1.9% more than what the Central Statistics Office estimated earlier this year.
Petrol prices: Donohoe defends excise rate increase, says not doing so would cost €700m
Donohoe said: “It’s really important that we remove the tax reductions as the price of fuel itself has come down.”
May
May 2023
Fraudsters 'find it easier' to trick victims into sending money than stealing their identities
The BPFI said fraudsters find it is easier to manipulate victims by getting transferred money directly rather than stealing their identity.
EU commission's appeal against €14.3 billion Apple and Ireland tax ruling to be heard today
Successive Irish Governments and Apple have argued that the company does not owe the State the allegedly unpaid tax.
An electric vehicle is most popular car on DoneDeal as demand rises 35% in a year
The demand for EVs has led to the average price for a brand new electric car reaching €64,755.
Facebook-owner Meta hit with record fine of €1.2 billion by Ireland's Data Protection Commission
Meta has said it will appeal the decision.
Ryanair soars to annual profit of €1.4 billion after net loss of €355 million in previous year
Passenger traffic leapt 74% to 168.6 million travellers.
Is Ireland once again a 'Treasure Island' for supermarkets?
In 2013, TDs wondered if there was truth behind the rumour that Tesco called Ireland, ‘Treasure Island’.
Analysis: Corporate profits must also be taken into account when discussing inflation
Cost-of-living: Average year-on-year costs of milk and sliced bread rises by 24% and 13%
Eir fined €2.45 million by regulator for overcharging an estimated 76,000 customers
The refunds have an estimated price-tag of approximately €6.7 million according to the regulator.
Vodafone cutting 11,000 jobs as new CEO says group ‘must change’
Newly appointed CEO Margherita Della Valle said that the company’s performance “has not been good enough”.
No restaurant street furniture fees for another year as regulations extended
Government to remove fees charging restaurants €125 per table for street dining.
April
April 2023
FactFind: Was the 2008 crash caused by building too many houses?
A report by
Shane Raymond
A suggestion Ireland risks building too many homes ignited controversy.
Experts said that too many homes had been built where there was little demand.
“The laws of supply and demand ... were not applying to the housing market" - inquiry chairman.
However, economists said the current demand for homes is far from being met.
FactCheck: Does Ireland collect more corporate tax per person than almost any other EU country?
Ireland collects much of its taxes from companies, but how much compared to the rest of the EU?
Government has cash at its disposal ahead of Budget 2024 with €16bn surplus for next year
Finance Minister Michael McGrath was reluctant to commit to a giveaway budget this year, stating that inflation is now lower than last year.
Facebook parent company Meta and TikTok decline invite to Oireachtas committee
Twitter did not respond to the invite nor were they contactable by telephone.