Business News · TheJournal.ie

Business - Last week 20th November 2022 - 26th November 2022

A new transatlantic airline will begin flying from Belfast next summer

# Fly Atlantic

A new transatlantic airline will begin flying from Belfast next summer

Tue 11:59 AM 18,769 Views 11 Comments

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

# Factcheck

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

Tue 6:00 AM 11,463 Views 0 Comments

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

Business - This month November 2022

Posting through it: The deepening absurdity of online billionaire behaviour

# Sbf

Posting through it: The deepening absurdity of online billionaire behaviour

Nov 19th 2022, 9:00 AM 20,600 Views 12 Comments

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

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

# Interest Rates

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

Nov 18th 2022, 7:51 AM 18,580 Views 7 Comments

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

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

# Facebook Status

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

Updated Nov 9th 2022, 7:48 AM 38,980 Views 22 Comments

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

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

# Bank Bailout

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

Nov 7th 2022, 7:16 PM 13,942 Views 20 Comments

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

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

# Lay-offs

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

Updated Nov 4th 2022, 6:26 PM 38,977 Views 40 Comments

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

Business - Last month October 2022

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

# Avian Flu

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

Oct 31st 2022, 4:05 PM 14,332 Views 7 Comments

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

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

# Interest Rates

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

Oct 27th 2022, 9:44 AM 25,897 Views 38 Comments

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

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

# Reaction

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

Oct 19th 2022, 3:17 PM 11,034 Views 10 Comments

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

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

# Mortgage Rules

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

Updated Oct 19th 2022, 11:38 AM 104,426 Views 84 Comments

A review into mortgage lending began last year.

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

# Indepth

From The42

# Indepth

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

Oct 10th 2022, 5:00 PM 12,088 Views 2 Comments

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.

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

# Tech Company

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

Oct 5th 2022, 4:16 PM 16,397 Views 3 Comments

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

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

# Twitter Takeover

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

Oct 4th 2022, 9:19 PM 27,070 Views 20 Comments

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

Business - This year 2022

# Factcheck

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

Sep 28th 2022, 3:51 PM 14,659 Views 0 Comments

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

New tax credit worth €500 to be introduced for renters

# Rental Crisis

New tax credit worth €500 to be introduced for renters

Updated Sep 27th 2022, 2:31 PM 29,384 Views 13 Comments

The tax credit can be claimed for 2022.

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

# Bye Bye BOI

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

Updated Sep 23rd 2022, 3:39 PM 31,553 Views 51 Comments

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

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

# Bills Bills Bills

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

Aug 29th 2022, 11:30 PM 52,502 Views 58 Comments

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.

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

# Transport

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

Aug 14th 2022, 7:00 PM 39,743 Views 21 Comments

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

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

# National Car Test

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

Aug 13th 2022, 6:45 AM 67,772 Views 55 Comments

Three of the top four cars are SUVs.

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

# Record High

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

Aug 12th 2022, 11:55 AM 18,449 Views 68 Comments

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

# Elon Musk

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

Aug 5th 2022, 7:00 PM 11,688 Views 0 Comments

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

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

# Defence Forces

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

Jul 31st 2022, 9:00 AM 15,601 Views 5 Comments

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

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

# Northern Ireland

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

Jul 27th 2022, 7:35 AM 12,848 Views 7 Comments

The report was released by a UK parliamentary committee.

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

# TAKE OFF

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

Jul 25th 2022, 8:22 AM 31,623 Views 12 Comments

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

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

# Misinfo

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

Jul 24th 2022, 7:01 AM 13,833 Views 0 Comments

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

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

# Inflation

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

Updated Jul 21st 2022, 5:39 PM 91,474 Views 76 Comments

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

# Elon Musk

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

Jul 9th 2022, 7:14 AM 32,424 Views 21 Comments

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

# Small Businesses

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

Jul 4th 2022, 10:19 AM 13,608 Views 9 Comments

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

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

# Cost Of Living

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

Updated Jul 1st 2022, 3:22 PM 73,563 Views 151 Comments

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.