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Business - Today’s News

Business - Wednesday 14 April, 2021

Finance Minister contemplates long-term 'scarring effects' for economy from Covid
# Outlook
# Outlook

Finance Minister contemplates long-term 'scarring effects' for economy from Covid

Apr 14th 2021, 5:33 PM 17,481 Views 26 Comments

The Stability Programme Update is forecasting GDP growth of 4.5% for this year.

CSO figures show a 91% drop in Irish air passenger numbers by the end of 2020
# Air Travel
# Air Travel

CSO figures show a 91% drop in Irish air passenger numbers by the end of 2020

Apr 14th 2021, 1:11 PM 6,184 Views 14 Comments

All routes in and out of Ireland saw a drop of 91% at the end of 2020.

Ryanair loses court cases as it rails against pandemic State bailouts of national airlines
# Flag Carriers
# Flag Carriers

Ryanair loses court cases as it rails against pandemic State bailouts of national airlines

Apr 14th 2021, 11:32 AM 20,254 Views 27 Comments

Ryanair has estimated the total state aid to airlines approved by Brussels at €30 billion.

Business - Tuesday 13 April, 2021

Meat plants continue to need workers from abroad as Irish supply 'not currently available'
# Meat Processing
# Meat Processing

Meat plants continue to need workers from abroad as Irish supply 'not currently available'

Apr 13th 2021, 5:08 PM 21,947 Views 63 Comments

Representatives from Meat Industry Ireland and the Migrant Rights Centre Ireland were before politicians today.

Business - Saturday 10 April, 2021

Forbes article about Stripe brothers which called Limerick 'stab city' removed after online backlash
# Peace Treaty
# Peace Treaty

Forbes article about Stripe brothers which called Limerick 'stab city' removed after online backlash

Apr 10th 2021, 9:24 AM 62,841 Views 124 Comments

The piece was written as a profile of Stripe billionaires John and Patrick Collison.

'A 30-year race to the bottom': Why might the Biden global tax plan spell trouble for Ireland's entire economic model?
# Ireland Inc
# Ireland Inc

'A 30-year race to the bottom': Why might the Biden global tax plan spell trouble for Ireland's entire economic model?

Apr 10th 2021, 7:00 AM 40,142 Views 58 Comments
  • The Biden administration has recommitted the US to global tax reform talks.
  • American wants a 21% global minimum rate of corporation tax.
  • Ireland's famous 12.5% rate looks likely to come under severe pressure.

Business - Wednesday 7 April, 2021

Pandemic 'solidarity tax' on wealthy individuals or companies is on the table, says IMF
# Wealth Tax
# Wealth Tax

Pandemic 'solidarity tax' on wealthy individuals or companies is on the table, says IMF

Apr 7th 2021, 3:16 PM 21,430 Views 27 Comments

The IMF has also backed calls for a global minimum rate of corporation tax.

Business - Tuesday 6 April, 2021

Paschal Donohoe defends Ireland's corporation tax rate after US treasury secretary's remarks
# Exchequer Returns
# Exchequer Returns

Paschal Donohoe defends Ireland's corporation tax rate after US treasury secretary's remarks

Apr 6th 2021, 6:38 PM 28,078 Views 26 Comments

Ireland’s budget deficit increased by nearly €4.2 billion in the first quarter of 2021.

Business - Saturday 3 April, 2021

Trouble in the Suez: Stuck boat highlights globalisation stresses and the unseen labour of ship workers
# MV Ever Given
# MV Ever Given

Trouble in the Suez: Stuck boat highlights globalisation stresses and the unseen labour of ship workers

Apr 3rd 2021, 8:00 AM 32,262 Views 19 Comments

Experts say the Suez crisis highlights how little we understand about global trade.

Business - Thursday 1 April, 2021

Irish shoppers lost €12 million to credit and debit card fraudsters in the first half of 2020
# Payment Fraud
# Payment Fraud

Irish shoppers lost €12 million to credit and debit card fraudsters in the first half of 2020

Apr 1st 2021, 6:30 AM 10,712 Views 6 Comments

Online card fraud rose by 21% compared with the same period in 2019, the BPFI said.

Irish consumer spending approaching pre-Covid levels as path to recovery becomes clearer
# Central Bank
# Central Bank

Irish consumer spending approaching pre-Covid levels as path to recovery becomes clearer

Apr 1st 2021, 12:05 AM 25,230 Views 32 Comments

However, the outlook remains ‘uncertain’ and unemployment will remain high into 2022.

Business - Tuesday 30 March, 2021

Ulster Bank topped the Financial Ombudsman's complaints table in 2020 for the second year in a row
# The Banks
# The Banks

Ulster Bank topped the Financial Ombudsman's complaints table in 2020 for the second year in a row

Mar 30th 2021, 11:40 AM 6,285 Views 5 Comments

The watchdog also received 492 new complaints about tracker mortgages in 2020.

Business - Friday 26 March, 2021

The EMA has granted approval for AstraZeneca plant at centre of diplomatic dispute
# AstraZeneca
# AstraZeneca

The EMA has granted approval for AstraZeneca plant at centre of diplomatic dispute

Mar 26th 2021, 2:54 PM 26,702 Views 24 Comments

The Dutch plant has been at the centre of a bitter spat between the UK and the EU over AstraZeneca’s vaccine production shortfall.

Business - Thursday 25 March, 2021

Ulster Bank fined €37.8 million for its 'unacceptable' handling of tracker mortgage scandal
# The Banks
# The Banks

Ulster Bank fined €37.8 million for its 'unacceptable' handling of tracker mortgage scandal

Mar 25th 2021, 12:01 PM 50,306 Views 80 Comments

It’s the largest fine the Central Bank of Ireland has ever handed out.

Inflation among the least of our worries as the Irish economy recovers from Covid, says ESRI
# Economic Forecast
# Economic Forecast

Inflation among the least of our worries as the Irish economy recovers from Covid, says ESRI

Mar 25th 2021, 6:10 AM 16,529 Views 16 Comments

Meanwhile, Irish GDP is expected to continue its upward trajectory despite current public health restrictions.

Business - Tuesday 23 March, 2021

Morning Memo: NFTs explained (sort of)
# NFTs
# NFTs

Morning Memo: NFTs explained (sort of)

Mar 23rd 2021, 1:35 PM 13,047 Views 6 Comments

The blockchain-supported phenomenon has really taken off in the art world by storm.

Business - Wednesday 17 March, 2021

Customers still waiting for refunds after PS5 consoles were not delivered before Christmas
# Innovate
# Innovate

Customers still waiting for refunds after PS5 consoles were not delivered before Christmas

Mar 17th 2021, 6:30 AM 34,793 Views 0 Comments

The consoles were purchased from Innovate, a store based in Ennis, as Christmas presents.

Business - Monday 15 March, 2021

Dublin businessman has Giant ambitions for his latest visitor attraction — the world's tallest moving statue
# The Giant
# The Giant

Dublin businessman has Giant ambitions for his latest visitor attraction — the world's tallest moving statue

Mar 15th 2021, 2:41 PM 45,086 Views 32 Comments

It’s understood that Dublin is one of the cities being targeted by the company.

Business - Sunday 14 March, 2021

'Breaking the link': Ireland's corporate accountability regime set for major overhaul in the wake of Davy scandal
# Davy Sale
# Davy Sale

'Breaking the link': Ireland's corporate accountability regime set for major overhaul in the wake of Davy scandal

Mar 14th 2021, 12:05 AM 21,611 Views 49 Comments

The Central Bank wants an expanded regulatory toolkit to tackle individuals.

Business - Friday 12 March, 2021

Gardaí begin probe of Fastway cyber attack
# Fastway Couriers
# Fastway Couriers

Gardaí begin probe of Fastway cyber attack

Mar 12th 2021, 6:56 PM 23,165 Views 0 Comments

The Garda probe is the second to be launched as the Data Protection Commission are also carrying out an assessment.

Business - Thursday 11 March, 2021

Fastway Couriers apologises after customer data from over 440,000 parcel deliveries hacked
# Data Breach
# Data Breach

Fastway Couriers apologises after customer data from over 440,000 parcel deliveries hacked

Mar 11th 2021, 6:22 PM 168,682 Views 81 Comments

Customer data relating to more than 400,000 parcel deliveries was accessed by hackers.

Faced with rising borrowing costs for EU governments, the ECB says it will increase the pace of stimulus
# European Stimulus
# European Stimulus

Faced with rising borrowing costs for EU governments, the ECB says it will increase the pace of stimulus

Mar 11th 2021, 2:33 PM 12,208 Views 10 Comments

European GDP is set to shrink further in the first quarter of the year, says ECB President Christine Lagarde.

Business - Tuesday 9 March, 2021

Significant decline in buy-to-lets as Covid-19 continues to impact housing market
# Mortgages
# Mortgages

Significant decline in buy-to-lets as Covid-19 continues to impact housing market

Mar 9th 2021, 6:00 AM 13,802 Views 14 Comments

Buy-to-let investors now account for less than 1% of mortgages, compared to 20% in 2006, according to new figures.

Business - Thursday 4 March, 2021

Taoiseach: Government will 'move away' from Covid-19 business supports 'when virus is under control'
# Shuttered
# Shuttered

Taoiseach: Government will 'move away' from Covid-19 business supports 'when virus is under control'

Mar 4th 2021, 1:05 PM 26,706 Views 40 Comments

A range of different government supports are currently in place as large portions of the economy remain closed or restricted.

Coveney had 'blunt' conversation with UK government over move to extend NI Protocol grace period
# Exports
# Exports

Coveney had 'blunt' conversation with UK government over move to extend NI Protocol grace period

Updated Mar 4th 2021, 12:45 PM 34,562 Views 78 Comments
  • The EU is now considering legal options.
  • Coveney says the move was "disrespectful" and has damaged UK-EU relationships.

Business - Wednesday 3 March, 2021

Permanent TSB reports a pre-tax loss of €166 million in 2020 as Covid hits new lending
# The Banks
# The Banks

Permanent TSB reports a pre-tax loss of €166 million in 2020 as Covid hits new lending

Mar 3rd 2021, 8:31 AM 10,410 Views 18 Comments

The 75% State-owned bank took a loan impairment charge of €155 million.

Business - Tuesday 2 March, 2021

'A landmark deal': AIB agrees to buy stockbrokers Goodbody for €138 million
# The Banks
# The Banks

'A landmark deal': AIB agrees to buy stockbrokers Goodbody for €138 million

Mar 2nd 2021, 3:35 PM 30,518 Views 24 Comments

The bank says the move will diversify its revenue streams and address gaps in its customer offerings.

Paschal Donohoe calls on stockbrokers Davy to make a public statement after €4.1 million Central Bank fine
# Davy Stockbrokers
# Davy Stockbrokers

Paschal Donohoe calls on stockbrokers Davy to make a public statement after €4.1 million Central Bank fine

Mar 2nd 2021, 3:08 PM 32,938 Views 0 Comments

It’s understood the fine relates to a transaction involving Anglo Irish Bank bonds and a Maple 10 developer.

Business - Monday 1 March, 2021

'Ripping commercial heart from Provincial Ireland': Political opprobrium descends on BOI closures
# Shuttered
# Shuttered

'Ripping commercial heart from Provincial Ireland': Political opprobrium descends on BOI closures

Mar 1st 2021, 12:26 PM 23,130 Views 47 Comments

Unions have also asked the bank to halt the decision.

Here's the full list of 103 Bank of Ireland branches set to shut across the island
# The Banks
# The Banks

Here's the full list of 103 Bank of Ireland branches set to shut across the island

Updated Mar 1st 2021, 10:55 AM 222,493 Views 127 Comments

Business - Friday 26 February, 2021

Morning Memo: Why are borrowing costs rising for eurozone governments?
# Morning Memo
# Morning Memo

Morning Memo: Why are borrowing costs rising for eurozone governments?

Feb 26th 2021, 11:32 AM 7,131 Views 10 Comments

The ECB says it’s closely monitoring what’s going on in government debt markets.

Business - Thursday 25 February, 2021

'The aristocracy of radio': What will Bauer's purchase of Communicorp mean for Irish airwaves and listeners?
# Making Waves
# Making Waves

'The aristocracy of radio': What will Bauer's purchase of Communicorp mean for Irish airwaves and listeners?

Feb 25th 2021, 6:30 PM 16,381 Views 0 Comments

Bauer’s Irish move could be a ‘shot in the arm’ for the radio industry here.

Business - Friday 19 February, 2021

Ulster Bank exit is 'not good news for Ireland', says Taoiseach
# The Banks
# The Banks

Ulster Bank exit is 'not good news for Ireland', says Taoiseach

Feb 19th 2021, 4:11 PM 18,891 Views 45 Comments

The Government’s priority is to protect the 2,800 workers affected by the decision, Micheál Martin said.

'No need to panic': How will the Ulster Bank wind down affect customers?
# Banking
# Banking

'No need to panic': How will the Ulster Bank wind down affect customers?

Feb 19th 2021, 10:49 AM 20,914 Views 15 Comments

The bank will be wound down gradually over the next few years.

Ulster says go: Bank's decision to exit was in the wind — but why is it happening now?
# Ulster Bank
# Ulster Bank

Ulster says go: Bank's decision to exit was in the wind — but why is it happening now?

Feb 19th 2021, 8:50 AM 33,220 Views 31 Comments

Ulster Bank’s long goodbye creates major headaches for policymakers.

Business - Thursday 18 February, 2021

Leo Varadkar: 'Aer Lingus will not be allowed to fail'
# National Airline
# National Airline

Leo Varadkar: 'Aer Lingus will not be allowed to fail'

Feb 18th 2021, 6:46 PM 41,690 Views 83 Comments

The Tánaiste said that discussions are ongoing for further financial support if required.

Government to explore creating a 'third force' in Irish banking if Ulster Bank exits Irish market, says Varadkar
# The Banks
# The Banks

Government to explore creating a 'third force' in Irish banking if Ulster Bank exits Irish market, says Varadkar

Updated Feb 18th 2021, 12:53 PM 75,603 Views 89 Comments

A formal announcement is expected on Ulster Bank’s operations in the Republic of Ireland tomorrow.

Business - Wednesday 17 February, 2021

Ryanair loses legal bid to block government bailouts of rival European airlines
# EU State Aid
# EU State Aid

Ryanair loses legal bid to block government bailouts of rival European airlines

Feb 17th 2021, 10:56 AM 13,288 Views 26 Comments

Ryanair says it will appeal the decision to the highest EU court.

Business - Tuesday 16 February, 2021

Finance Minister 'looking at ways' to keep money saved by people during pandemic in this country
# Rainy Day
# Rainy Day

Finance Minister 'looking at ways' to keep money saved by people during pandemic in this country

Feb 16th 2021, 6:01 PM 45,674 Views 62 Comments

Paschal Donohoe also stressed the vaccine roll-out as ‘biggest driver’ of Ireland’s economy this year and next.

Business - Monday 15 February, 2021

Historian brings collection of long-lost Irish whiskey recipes back to life
# Boann Distillery
# Boann Distillery

Historian brings collection of long-lost Irish whiskey recipes back to life

Feb 15th 2021, 11:01 AM 25,327 Views 8 Comments

The recipes were unearthed and brought back to life by leading whiskey historian Fionnan O’Connor, at the Boann Distillery in Co Meath.