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#Morning Memo

# morning-memo - This month November 2022

Newsletter: What's behind the global tech sector job cuts?
# Morning Memo
# Morning Memo

Newsletter: What's behind the global tech sector job cuts?

Nov 17th 2022, 11:22 AM 17,005 Views 7 Comments

Political leaders here are attempting to sound reassuring amid global cuts.

# morning-memo - Last month October 2022

Analysis: Energy insecurity and our fracking future
# Morning Memo
# Morning Memo

Analysis: Energy insecurity and our fracking future

Oct 26th 2022, 12:09 PM 7,160 Views 10 Comments

The Irish Academy of Engineering has said the government’s report on Ireland’s energy security is “seriously flawed”.

# morning-memo - This year 2022

Not quite normal: Airport chaos mirrors post-Covid economy struggling to find its level
# Analysis
# Analysis

Not quite normal: Airport chaos mirrors post-Covid economy struggling to find its level

Jun 3rd 2022, 11:57 AM 11,289 Views 14 Comments

The airport isn’t the only business that hasn’t been able to cater for rapid increased demand.

Ryanair lost €355 million last year amid 'fragile' recovery in air travel from the pandemic
# Turbulent Times
# Turbulent Times

Ryanair lost €355 million last year amid 'fragile' recovery in air travel from the pandemic

May 16th 2022, 7:44 AM 9,314 Views 4 Comments

The low-cost airline said it hopes to return to profitability in the current financial year,

Flurry of announcements caps off noteworthy week for Irish banks and their customers
# The Banks
# The Banks

Flurry of announcements caps off noteworthy week for Irish banks and their customers

Apr 29th 2022, 12:26 PM 16,364 Views 0 Comments

Stakeholders say the industry is staring down the barrel of one of the biggest logistical challenges in its history.

Question marks hang over Elon Musk's plans after $44 billion Twitter takeover deal
# Known Unknowns
# Known Unknowns

Question marks hang over Elon Musk's plans after $44 billion Twitter takeover deal

Apr 26th 2022, 5:25 PM 16,525 Views 20 Comments

What has Musk said about his vision for the social media platform and what do experts think is actually going to happen?

The Twittering classes: Elon Musk's $43 billion bid and Twitter's 'poison pill'
# Morning Memo
# Morning Memo

The Twittering classes: Elon Musk's $43 billion bid and Twitter's 'poison pill'

Apr 19th 2022, 11:33 AM 13,769 Views 12 Comments

Twitter co-founder and board member Jack Dorsey has signalled his unhappiness with the board’s handling of the situation.

Is your bank exiting the market? Take action soon, experts say. Here's what you need to know
# The Banks
# The Banks

Is your bank exiting the market? Take action soon, experts say. Here's what you need to know

Apr 15th 2022, 12:05 AM 28,430 Views 20 Comments
  • Ulster Bank and KBC Bank are in the process of winding down their Irish operations as announced last year.
  • Concerns have been raised in recent months about the scale of the logistical challenges involved.
  • Consumer experts say customers have time to sort out new arrangements but they should "take action" soon.
Raise social welfare rates to shield struggling households from spiralling inflation, experts say
# Cost Of Living
# Cost Of Living

Raise social welfare rates to shield struggling households from spiralling inflation, experts say

Apr 11th 2022, 12:05 AM 52,407 Views 59 Comments
  • Current social welfare rates were set last year when inflation was expected to peak at 4.5% annually.
  • But with prices on the march, household earnings are now expected to fall in real terms in 2022 for the first time since 2013.
  • Economists say raising core social welfare raise on a temporary basis could be the best way of protecting low-income households.
Tax receipts climbed in the first three months of 2022 but figures are 'flattered' by Covid
# Taxing Matters
# Taxing Matters

Tax receipts climbed in the first three months of 2022 but figures are 'flattered' by Covid

Apr 6th 2022, 2:50 PM 7,837 Views 9 Comments

Tax revenues were up over 30% compared with the same period last year when strict public health measures were in place.

Banks 'ill-prepared for the biggest logistical challenge in Irish banking since the euro'
# The Banks
# The Banks

Banks 'ill-prepared for the biggest logistical challenge in Irish banking since the euro'

Apr 4th 2022, 12:05 AM 73,442 Views 32 Comments
  • Concerns have been raised that the exits of Ulster Bank and KBC Bank could be "the perfect storm" for the remaining banks.
  • Over one million customers will have to choose a new provider and switch over their current accounts.
  • But the Financial Services Union believes significant customer service issues are likely to arise, Ian Curran reports.
Electric Ireland to raise electricity and gas prices by over 20% from start of May
# Energy Costs
# Energy Costs

Electric Ireland to raise electricity and gas prices by over 20% from start of May

Mar 30th 2022, 12:58 PM 41,726 Views 77 Comments

Electric Ireland is the latest energy provider to announce a price hike.

Ireland's inflation shock explained: The factors driving up prices here and across the globe
# Cost Of Living
# Cost Of Living

Ireland's inflation shock explained: The factors driving up prices here and across the globe

Mar 27th 2022, 12:05 AM 48,919 Views 32 Comments
  • "What we have at present is pretty much all being driven by international factors," one economist said.
  • Issues around energy, food and fertiliser supplies have all reared their heads as a consequence of the war in Ukraine.
  • Consumer sentiment has dipped amid rising prices, raising some concern about Ireland's economic prospects this year.
'Panic buying will only make the situation worse,' say Ireland's oil and fuel suppliers
# Energy Crunch
# Energy Crunch

'Panic buying will only make the situation worse,' say Ireland's oil and fuel suppliers

Mar 8th 2022, 2:58 PM 16,476 Views 27 Comments

Oil suppliers are limiting the amount they are selling to high volume customers.

Nervous times for Irish households and businesses as supply anxieties roll through markets
# Morning Memo
# Morning Memo

Nervous times for Irish households and businesses as supply anxieties roll through markets

Mar 8th 2022, 12:01 PM 15,969 Views 5 Comments

Market ructions, gas rationing and 1970s-style inflation fears hit the headlines.

Ireland 'engaging' with EU on proposal to ban Russian ships from docking at European ports
# Ukraine
# Ukraine

Ireland 'engaging' with EU on proposal to ban Russian ships from docking at European ports

Mar 4th 2022, 5:17 PM 15,678 Views 19 Comments

Russian trade is facing severe disruption as a consequence of sanctions announced this week.

Explainer: How reliant is Ireland on Russian energy - and why are gas and oil prices rising?
# Ukraine
# Ukraine

Explainer: How reliant is Ireland on Russian energy - and why are gas and oil prices rising?

Mar 3rd 2022, 1:52 PM 64,445 Views 40 Comments

“When it comes to a global energy shortage, the implications are far more devastating in developing countries,” one economist said.

Morning Memo: Western sanctions heap pressure on Russian banks
# Ukraine
# Ukraine

Morning Memo: Western sanctions heap pressure on Russian banks

Mar 1st 2022, 10:56 AM 16,316 Views 5 Comments

Russia’s currency has depreciated rapidly in the past few days of trade.

'Financially, I'm in a pickle': Your stories of coping with the cost-of-living squeeze
# Your Stories
# Your Stories

'Financially, I'm in a pickle': Your stories of coping with the cost-of-living squeeze

Feb 13th 2022, 12:05 AM 80,602 Views 83 Comments
  • The Journal asked readers to share their stories about the impact of rising prices and household costs.
  • Irish consumer prices rose 5.7% in the year to the end of December last.
  • This week, the Government unveiled a package of one-off measures aimed at protecting low and middle income earners.
Traditional remedies might not work. So how will we cure the surging cost of living?
# Inflation
# Inflation

Traditional remedies might not work. So how will we cure the surging cost of living?

Feb 6th 2022, 12:05 AM 29,664 Views 34 Comments
  • Almost everything is more expensive than it was a year ago, from energy to fuel to bathroom fittings and Big Macs.
  • Usually, governments might cut public spending and central bankers could hike interest rates in response.
  • But economists say the logic of traditional remedies is 'debatable' in the unprecedented context of the pandemic.
No let up in cost of living surge in January as Eurozone inflation hits a record high
# Price Pressures
# Price Pressures

No let up in cost of living surge in January as Eurozone inflation hits a record high

Feb 2nd 2022, 12:20 PM 9,385 Views 15 Comments

Amid heightened anxiety over inflation, the European Central Bank’s Governing Council will meet tomorrow.

Revolut takes 'first steps' toward offering loans and bank accounts to Irish users
# Digital Banking
# Digital Banking

Revolut takes 'first steps' toward offering loans and bank accounts to Irish users

Feb 1st 2022, 1:28 PM 36,871 Views 33 Comments

The digital challenger bank is increasing its offering to Irish customers as Ulster Bank and KBC Bank move to exit the market.

As 'unprecedented' inflation bites, the gap between Irish used and new car prices is tightening
# Supply And Demand
# Supply And Demand

As 'unprecedented' inflation bites, the gap between Irish used and new car prices is tightening

Jan 12th 2022, 6:00 AM 50,639 Views 79 Comments

In some cases, a second-hand car is being listed with a higher asking price than a new version of the same model.

Supermarkets and hauliers struggling with 'higher than normal' rates of staff shortages
# Close Contacts
# Close Contacts

Supermarkets and hauliers struggling with 'higher than normal' rates of staff shortages

Jan 5th 2022, 3:16 PM 16,988 Views 5 Comments

Amid industry pressure, the Taoiseach said NPHET will keep the isolation period for close contacts under review.

# morning-memo - Last year 2021

'Some staff reported being spat at': Public asked to respect shop workers as sales begin
# Winter Sales
# Winter Sales

'Some staff reported being spat at': Public asked to respect shop workers as sales begin

Dec 26th 2021, 6:30 AM 26,269 Views 20 Comments

Labour shortages and abuse from customers have made the work environment more difficult this year.

Incoming cold snap looks likely to bring inflated Irish energy bills with it in early 2022
# Winter Is Coming
# Winter Is Coming

Incoming cold snap looks likely to bring inflated Irish energy bills with it in early 2022

Dec 22nd 2021, 12:05 AM 69,195 Views 49 Comments
  • The arrival of freezing temperatures in parts of Europe will likely increase European demand for natural gas.
  • While the forecast for Ireland is comparatively mild, supplies of gas are in relatively short supply across Europe due to a number of factors.
  • This could further increase wholesale gas prices, in turn, fueling electricity and gas bill hikes as soon as January.
Brexit drives slump in Irish imports from Britain while cross-border trade flourishes
# Trading Places
# Trading Places

Brexit drives slump in Irish imports from Britain while cross-border trade flourishes

Dec 21st 2021, 6:00 AM 26,134 Views 16 Comments

The food and beverage sector has been particularly affected by the changes, according to the ESRI.

Irish trade and politics are being transformed by Brexit - but how? What can we expect in 2022?
# Brexit
# Brexit

Irish trade and politics are being transformed by Brexit - but how? What can we expect in 2022?

Dec 12th 2021, 7:00 PM 17,692 Views 10 Comments

We’ve spent the last six weeks attempting to answer these questions at The Good Information Project.

Don't miss out: The Journal and UCD Smurfit School are offering an MBA scholarship worth €35k

Don't miss out: The Journal and UCD Smurfit School are offering an MBA scholarship worth €35k

Dec 7th 2021, 11:06 AM 10,109 Views 4 Comments

This is the final week to get application details through our daily Morning Memo business newsletter.

Rosslare Europort had one of the busiest days in its history this month - thanks to Brexit
# Trade Winds
# Trade Winds

Rosslare Europort had one of the busiest days in its history this month - thanks to Brexit

Nov 28th 2021, 12:05 AM 57,531 Views 27 Comments
  • The volume of cargo going through the Wexford port has ballooned by 55% this year
  • A big increase in direct trade with Europe is driving the change, writes Ian Curran
  • Irish businesses are finding new customers and new suppliers in Europe as an alternative to Britain
Looking to unlock your career potential? How the UCD Smurfit MBA is doing things differently

Looking to unlock your career potential? How the UCD Smurfit MBA is doing things differently

Nov 23rd 2021, 2:41 PM 3,843 Views 0 Comments

The Journal and UCD Smurfit School are offering a full MBA scholarship to one reader.

Brexit is fuelling a boom in cross-border trade. But why? And what does it mean for the island?
# Brexit
# Brexit

Brexit is fuelling a boom in cross-border trade. But why? And what does it mean for the island?

Nov 23rd 2021, 12:05 AM 37,015 Views 15 Comments
  • In the year to September, the value of imports to the Republic from the North grew by 60% to almost €2.6 billion.
  • The value of goods going the opposite direction rose by almost 50% over the same period last year to €2.8 billion.
  • The changes have been born of necessity rather than politics or questions of identity, Ian Curran writes.
The Journal and UCD Smurfit School have an MBA scholarship worth €35k for one reader
# Sponsored By UCD
# Sponsored By UCD

The Journal and UCD Smurfit School have an MBA scholarship worth €35k for one reader

Nov 16th 2021, 12:33 PM 7,194 Views 0 Comments

Think you could be MBA material? Find out how to apply here.

Regulator to pursue former Permanent TSB executive in first individual tracker mortgage probe
# Central Bank
# Central Bank

Regulator to pursue former Permanent TSB executive in first individual tracker mortgage probe

Nov 10th 2021, 12:23 PM 18,202 Views 14 Comments

The bank reached a €21 million settlement with the Central Bank in 2019 in respect of 42 regulatory breaches.

Anglo's collapse has had an outsized impact on Irish life and so will Seán FitzPatrick's legacy
# Sean FitzPatrick
# Sean FitzPatrick

Anglo's collapse has had an outsized impact on Irish life and so will Seán FitzPatrick's legacy

Nov 9th 2021, 6:48 PM 25,642 Views 2 Comments

The former chairman of the collapsed bank never felt he had anything to apologise for.

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?

Oct 13th 2021, 11:53 AM 15,784 Views 5 Comments

Inflation and the cost of living are the two spectres that haunt the Government’s plans for the next year.

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 19,624 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.
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 33,419 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.
Morning Memo: Europe's looming 'energy crisis'
# Energy Prices
# Energy Prices

Morning Memo: Europe's looming 'energy crisis'

Sep 20th 2021, 11:57 AM 10,463 Views 12 Comments

European gas prices have tripled this year even before the arrival winter.

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 102,071 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.
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