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Dublin: 15°C Monday 18 October 2021

Business - Today’s News

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?

Wed 11:53 AM 15,509 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

Tue 6:00 PM 28,355 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

Tue 1:43 PM 11,945 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 18,071 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 14,103 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 11,717 Views 26 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 10,164 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 18,651 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 45,005 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 35,575 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 27,244 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 31,424 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 32,317 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 19,484 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 27,069 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 14,381 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 39,657 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 10,395 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 95,840 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 36,599 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 15,760 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 26,281 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 27,631 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 101,597 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 33,976 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 15,306 Views 20 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 54,591 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 10,655 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 27,669 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 10,284 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 114,392 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 28,797 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 24,173 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 24,763 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 37,876 Views 50 Comments

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

Business - Thursday 5 August, 2021

Any return of bonuses for top bankers 'would not be acceptable' to staff and public
# The Banks
# The Banks

Any return of bonuses for top bankers 'would not be acceptable' to staff and public

Aug 5th 2021, 11:44 AM 15,112 Views 23 Comments

The FSU has sought a meeting with Paschal Donohoe over plans to sell the State’s stake in Bank of Ireland.

Business - Sunday 1 August, 2021

Explainer: How does a new set of rules aim to make life tougher for rogue bankers?
# Accountability Regime
# Accountability Regime

Explainer: How does a new set of rules aim to make life tougher for rogue bankers?

Aug 1st 2021, 7:00 AM 18,548 Views 0 Comments

Draft legislation published this week aims to give the Central Bank more power to target individuals.

Business - Thursday 29 July, 2021

Explainer: Why bosses could be on shaky legal ground if they ask staff about vaccine status
# Thorny Issues
# Thorny Issues

Explainer: Why bosses could be on shaky legal ground if they ask staff about vaccine status

Jul 29th 2021, 1:50 PM 22,223 Views 39 Comments

Asking workers to be fully vaccinated before returning to work raises thorny legal issues.

Business - Tuesday 27 July, 2021

Accountability regime for top bankers 'to be in place within 18 months'
# Heads Of Bill
# Heads Of Bill

Accountability regime for top bankers 'to be in place within 18 months'

Jul 27th 2021, 2:51 PM 13,502 Views 38 Comments

The new laws will give the Central Bank more power to tackle individuals for wrongdoing.

Business - Saturday 24 July, 2021

Guidelines for indoor hospitality allows for six to a table, with closing time remaining at 11.30pm
# Indoor Dining
# Indoor Dining

Guidelines for indoor hospitality allows for six to a table, with closing time remaining at 11.30pm

Jul 24th 2021, 7:42 AM 42,573 Views 88 Comments

Indoor hospitality in pubs and restaurants is to reopen from next Monday.

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