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Dublin: 14°C Monday 14 June 2021

Business - Friday 2 October, 2020

Exchequer deficit for 2020 now €9.4bn as Finance Minister reaffirms pledge of no income tax increase in Budget
# Budget 2021
# Budget 2021

Exchequer deficit for 2020 now €9.4bn as Finance Minister reaffirms pledge of no income tax increase in Budget

Oct 2nd 2020, 5:13 PM 15,961 Views 46 Comments

Overall, tax receipts have remained strong despite the Covid-19 pandemic.

Business - Saturday 26 September, 2020

Banking Culture Board not commenting on individual reports after KBC's €18.3 million fine
# Tracker Mortgages
# Tracker Mortgages

Banking Culture Board not commenting on individual reports after KBC's €18.3 million fine

Sep 26th 2020, 8:30 AM 19,503 Views 32 Comments

Central Bank investigations into three other banks are ongoing.

Business - Friday 25 September, 2020

Received the PUP or Covid wage subsidy? Here's how you can pay back your income tax
# A Taxing Matter
# A Taxing Matter

Received the PUP or Covid wage subsidy? Here's how you can pay back your income tax

Sep 25th 2020, 1:54 PM 57,655 Views 62 Comments

Paschal Donohoe says 37,000 employers have signed up for the new wage subsidy scheme.

European Commission to appeal €14.3 billion Apple and Ireland tax ruling
# Apple Tax Row
# Apple Tax Row

European Commission to appeal €14.3 billion Apple and Ireland tax ruling

Sep 25th 2020, 11:39 AM 22,530 Views 43 Comments

The legal row stems from an EU investigation into Apple’s Irish tax structures.

Business - Thursday 24 September, 2020

KBC Bank fined €18.3 million by the Central Bank over tracker mortgage scandal
# The Banks
# The Banks

KBC Bank fined €18.3 million by the Central Bank over tracker mortgage scandal

Updated Sep 24th 2020, 12:35 PM 37,086 Views 42 Comments

The Central Bank said the impact on customers was ‘devastating’.

Business - Wednesday 23 September, 2020

Proposed EU traffic light system for air travel 'is still a bit up in the air', says Tánaiste
# Aviation Industry
# Aviation Industry

Proposed EU traffic light system for air travel 'is still a bit up in the air', says Tánaiste

Sep 23rd 2020, 1:10 PM 22,149 Views 26 Comments

Varadkar said he is worried about Cork and Shannon airports bouncing back from Covid.

Business - Tuesday 22 September, 2020

Irish household finances more resilient than before the last recession, says Central Bank
# Wealth Inequality
# Wealth Inequality

Irish household finances more resilient than before the last recession, says Central Bank

Sep 22nd 2020, 2:15 PM 15,474 Views 19 Comments

The study takes 2013 to represent ‘the low-point of the last recession in Ireland’.

Business - Monday 21 September, 2020

Online grocery sales are booming but an 'increased sense of security' is driving us back into supermarkets

Online grocery sales are booming but an 'increased sense of security' is driving us back into supermarkets

Sep 21st 2020, 1:34 PM 24,745 Views 11 Comments

Online grocery sales grew by nearly 122% in August.

Dublin-based biotech outfit Inflazome has been acquired for €380 million by Swiss drug company Roche
# A Big Deal
# A Big Deal

Dublin-based biotech outfit Inflazome has been acquired for €380 million by Swiss drug company Roche

Sep 21st 2020, 11:06 AM 23,881 Views 18 Comments

The Irish company currently has two drugs in clinical trials.

Business - Thursday 17 September, 2020

Ryanair chief O'Leary warns of fresh capacity cuts at Dublin Airport if travel rules aren't loosened quickly
# Green List
# Green List

Ryanair chief O'Leary warns of fresh capacity cuts at Dublin Airport if travel rules aren't loosened quickly

Sep 17th 2020, 2:29 PM 27,822 Views 34 Comments

Michael O’Leary said the government has ‘mismanaged’ air travel.

Covid-19 pandemic means hard Brexit 'could impact Irish economy even worse than feared'
# ESRI
# ESRI

Covid-19 pandemic means hard Brexit 'could impact Irish economy even worse than feared'

Sep 17th 2020, 6:30 AM 21,192 Views 23 Comments

However, new research has found that no sector is severely exposed to both the shocks of the pandemic and a hard Brexit.

Business - Wednesday 16 September, 2020

Budget will be based on the assumption of no deal Brexit, say ministers
# OCTOBER'S BUDGET
# OCTOBER'S BUDGET

Budget will be based on the assumption of no deal Brexit, say ministers

Sep 16th 2020, 5:25 PM 20,595 Views 40 Comments

Budget 2021 will be no windfall but will target those sectors impacted the most.

Business - Tuesday 15 September, 2020

LVA says decision to keep wet pubs in Dublin closed is 'absolutely devastating'
# Living With Covid
# Living With Covid

LVA says decision to keep wet pubs in Dublin closed is 'absolutely devastating'

Sep 15th 2020, 3:56 PM 33,417 Views 19 Comments

Outside Dublin, wet pubs are set to reopen as planned next Monday.

Business - Saturday 12 September, 2020

Taxi drivers 'leaving in droves' as industry hit hard by pandemic
# Income
# Income

Taxi drivers 'leaving in droves' as industry hit hard by pandemic

Sep 12th 2020, 10:30 AM 43,323 Views 69 Comments

Many drivers have been off the roads since March and there is still little work for them.

Ghost town?: What does Google's decision to pull out of an office deal mean for the landscape of Dublin city centre?
# Boom And Bust
# Boom And Bust

Ghost town?: What does Google's decision to pull out of an office deal mean for the landscape of Dublin city centre?

Sep 12th 2020, 8:33 AM 54,214 Views 60 Comments

Property experts say rumours of the capital’s demise are greatly exaggerated.

Business - Thursday 10 September, 2020

Ulster Bank plans to cut 266 jobs to reduce costs
# The Banks
# The Banks

Ulster Bank plans to cut 266 jobs to reduce costs

Sep 10th 2020, 1:34 PM 23,966 Views 11 Comments

The bank suffered a loss of €276 million in the first six months of the year.

Facebook told it can no longer send user data from EU to US
# Data Protection Commission
# Data Protection Commission

Facebook told it can no longer send user data from EU to US

Sep 10th 2020, 8:47 AM 21,303 Views 32 Comments

The social media giant said the Data Protection Commission told it the key mechanism it uses to transfer data to the US “cannot in practice be used”.

Business - Wednesday 9 September, 2020

Irish regulator finds 'majority' of home and car insurers charged different prices to customers with similar risk
# Insurance Premiums
# Insurance Premiums

Irish regulator finds 'majority' of home and car insurers charged different prices to customers with similar risk

Sep 9th 2020, 12:02 PM 46,304 Views 89 Comments

Firms have “not sufficiently considered customer interests” when developing pricing policies.

Business - Monday 7 September, 2020

Ireland now officially in recession after largest ever quarterly GDP drop
# Economy
# Economy

Ireland now officially in recession after largest ever quarterly GDP drop

Sep 7th 2020, 2:00 PM 75,863 Views 81 Comments

The economy shrank by 6.1% between April and June.

Business - Thursday 3 September, 2020

How will the government's 'Stay and Spend' scheme work and how can you claim your tax credits?
# Tax Credits
# Tax Credits

How will the government's 'Stay and Spend' scheme work and how can you claim your tax credits?

Sep 3rd 2020, 6:00 PM 55,655 Views 72 Comments

Taxpayers can claim back 20% of their spend on food and accommodation as a tax credit.

Business - Tuesday 1 September, 2020

'It was a massive blow': Kildare business owners continue to count the cost of regional lockdown
# Local Restrictions
# Local Restrictions

'It was a massive blow': Kildare business owners continue to count the cost of regional lockdown

Sep 1st 2020, 4:04 PM 13,806 Views 4 Comments

Cabinet agreed to lift the extra restrictions in place in the county yesterday.

Pace of recovery in Irish manufacturing slips as spike in Covid-19 cases 'rattles' business sentiment in August
# Nervous Times
# Nervous Times

Pace of recovery in Irish manufacturing slips as spike in Covid-19 cases 'rattles' business sentiment in August

Sep 1st 2020, 6:45 AM 10,416 Views 2 Comments

Recent lockdowns in Kildare and the midlands weighed heavily on the data.

Business - Saturday 29 August, 2020

The Temporary Wage Subsidy Scheme ends next week — so when will you have to pay back all that income tax?
# A Taxing Matter
# A Taxing Matter

The Temporary Wage Subsidy Scheme ends next week — so when will you have to pay back all that income tax?

Aug 29th 2020, 8:00 PM 129,295 Views 64 Comments

A top accountancy body has called for definitive guidance from the government.

Business - Thursday 27 August, 2020

US firm Regeneron to create 400 jobs in Limerick as part of Covid-19 drug plans
# Raheen
# Raheen

US firm Regeneron to create 400 jobs in Limerick as part of Covid-19 drug plans

Aug 27th 2020, 5:03 PM 24,133 Views 9 Comments

REGN-COV2 will be made in New York but Limerick will by producing existing medicines.

Business - Wednesday 26 August, 2020

Amid criticism of Brian Hayes' attendance at Golfgate dinner, the Banking Culture Board says it's not getting involved
# Golfgate
# Golfgate

Amid criticism of Brian Hayes' attendance at Golfgate dinner, the Banking Culture Board says it's not getting involved

Aug 26th 2020, 1:10 PM 50,024 Views 87 Comments

Social Democrats co-leader Róisín Shortall says ‘it’s a bit rich’.

Business - Wednesday 19 August, 2020

Union seeks 'urgent' WRC intervention over Bank of Ireland's plan to cut workforce by 1,400
# The Banks
# The Banks

Union seeks 'urgent' WRC intervention over Bank of Ireland's plan to cut workforce by 1,400

Aug 19th 2020, 11:58 AM 13,032 Views 9 Comments

The Financial Services Union has written to the WRC seeking conciliation.

Business - Monday 17 August, 2020

Morning Memo: Berlin D2 blues, meat plant sick pay and our short attention span
# Morning Memo
# Morning Memo

Morning Memo: Berlin D2 blues, meat plant sick pay and our short attention span

Aug 17th 2020, 12:33 PM 25,034 Views 25 Comments

Focus has shifted from the meat industry to the pub and hospitality sector since the weekend.

Business - Friday 14 August, 2020

A record number of jobs were lost across the European Union in the second quarter of the year
# Jobs Figures
# Jobs Figures

A record number of jobs were lost across the European Union in the second quarter of the year

Aug 14th 2020, 3:18 PM 9,645 Views 13 Comments

Europe is in recession after two quarters of economic contraction.

Business - Thursday 13 August, 2020

Around 20% of meat plant workers are covered by sick pay, according to an industry spokesperson
# Meat Plants
# Meat Plants

Around 20% of meat plant workers are covered by sick pay, according to an industry spokesperson

Aug 13th 2020, 3:52 PM 21,319 Views 46 Comments

Meat industry representatives appeared before the special Dáil committee on Covid this afternoon.

'All sorts of a mess': Dáil Covid committee hears from trade unions about meat plant workers' 'tale of woe'
# Meat Plants
# Meat Plants

'All sorts of a mess': Dáil Covid committee hears from trade unions about meat plant workers' 'tale of woe'

Aug 13th 2020, 1:22 PM 31,227 Views 34 Comments

Meat plants accused of ‘union-busting tactics’ by a trade union representative.

Explainer: Why is the UK suffering the worst recession of any G7 country?
# UK Recession
# UK Recession

Explainer: Why is the UK suffering the worst recession of any G7 country?

Aug 13th 2020, 6:10 AM 29,409 Views 16 Comments

The ailing British services sector has something to do with it.

Business - Tuesday 11 August, 2020

CityJet will have tens of millions of euro in debt written off under court-approved plan to save the airline
# Aviation
# Aviation

CityJet will have tens of millions of euro in debt written off under court-approved plan to save the airline

Aug 11th 2020, 2:16 PM 16,384 Views 5 Comments

Over 140 jobs will be saved at the company, having previously employed over 400.

Uber and Lyft have 100,000 drivers in California, and a court says they must be treated as employees
# Ride Sharing
# Ride Sharing

Uber and Lyft have 100,000 drivers in California, and a court says they must be treated as employees

Aug 11th 2020, 12:05 PM 16,838 Views 10 Comments

The decision is part of a long-running battle about the classification of driver by the companies.

Business - Sunday 9 August, 2020

'There are people working in their bedrooms keeping the banking system going and this is their reward'
# The Banks
# The Banks

'There are people working in their bedrooms keeping the banking system going and this is their reward'

Aug 9th 2020, 12:05 AM 109,217 Views 33 Comments

Bank of Ireland redundancies ‘surprised’ the general secretary of the Financial Services Union.

Business - Wednesday 5 August, 2020

Bank of Ireland plans to cut 1,400 jobs from its workforce
# The Banks
# The Banks

Bank of Ireland plans to cut 1,400 jobs from its workforce

Aug 5th 2020, 11:33 AM 44,841 Views 62 Comments

It comes after the bank posted a pre-tax loss of €669 million in its half-year results this morning.

Business - Tuesday 4 August, 2020

Explainer: TikTok is on the block but why has Donald Trump given Microsoft 45 days to make a bid?
# Tiktok
# Tiktok

Explainer: TikTok is on the block but why has Donald Trump given Microsoft 45 days to make a bid?

Aug 4th 2020, 4:03 PM 18,537 Views 13 Comments

A September deadline looms for the blockbuster acquisition.

Business - Friday 31 July, 2020

Aer Lingus owner IAG announces pre-tax loss of €4.2 billion
# Covid Hit
# Covid Hit

Aer Lingus owner IAG announces pre-tax loss of €4.2 billion

Jul 31st 2020, 9:12 AM 22,259 Views 51 Comments

IAG’s revenue was a total of €5.3 billion, some 56% lower than 2019’s levels.

Business - Thursday 30 July, 2020

More new mortgages approved in June but drawdowns slid in the second quarter, says bank lobby
# The Banks
# The Banks

More new mortgages approved in June but drawdowns slid in the second quarter, says bank lobby

Jul 30th 2020, 6:30 AM 16,944 Views 10 Comments

But banks approved half the number of new mortgages last month than in June 2019.

Business - Wednesday 29 July, 2020

Head honchos at Google, Apple, Facebook and Amazon to face questions from US politicians today
# Bark Or Byte
# Bark Or Byte

Head honchos at Google, Apple, Facebook and Amazon to face questions from US politicians today

Jul 29th 2020, 6:10 AM 14,841 Views 6 Comments

The tech giants are being investigated for alleged anti-competitive practices.

Business - Monday 27 July, 2020

Amazon to create 1,000 new jobs in Ireland
# They're Hiring
# They're Hiring

Amazon to create 1,000 new jobs in Ireland

Jul 27th 2020, 8:10 AM 61,442 Views 48 Comments

The new roles will be created over the next two years.