Author: splash

Businesses are being advised to act early if they need to establish new banking arrangements in the months ahead. With Ulster Bank and KBC Bank Ireland leaving the market here, thousands of individuals and businesses are being given six months to close their accounts with the departing banks and move their custom to another institution. […]

Public sector pay talks are due to resume today at the Workplace Relations Commission. Talks ended without agreement in June after unions and staff associations rejected a 5% pay increase over two years saying it fell far short of inflation. The Government defended the offer saying that the increases would come on top of a […]

Half of prospective home buyers say the rise in the cost of living has affected their ability to buy a property, according to new research by property website MyHome.ie. The survey of almost 3,000 people carried out in August shows that inflation is having a significant effect on the homebuying, rental and home renovation markets. […]

Half of prospective home buyers say the rise in the cost of living has affected their ability to buy a property, according to new research by property website MyHome.ie. The survey of almost 3,000 people carried out in August shows that inflation is having a significant effect on the homebuying, rental and home renovation markets. […]

There was a slight improvement in confidence among consumers and businesses in August, according to the latest Economic Pulse from Bank of Ireland. However, the uplift in mood was from a very low base and the overall Pulse reading sits at well below where it was last year. Consumer confidence remains subdued at just under […]

A senior research officer with the ESRI has said nobody can say for certain that power blackouts can be avoided this winter, adding that if there are to be interruptions to demand, they will certainly happen at peak times. Speaking on RTÉ’s Morning Ireland, Dr Muireann Lynch said supply on the system has been the […]

On a flat piece of land in west Dublin, 96 black container like structures sit in perfectly straight rows. A persistent hum is the only indicator of the electronic equipment packed inside. Each cube is a battery storage unit, full of small lithium-ion batteries, just like the ones you find in your mobile phone. The […]

The number of mortgages approved in July fell by almost 12% when compared to the previous month, according to new figures from Banking and Payments Federation Ireland. A total of 5,255 mortgages were approved last month. While this is down on the previous month, approvals were still up 4.4% on the same month last year. […]

The euro rebounded back above parity with the dollar today as the US currency’s recent rally ran out of steam. Investors are waiting to see whether Federal Reserve Chair Jerome Powell would sound a more hawkish tone at a meeting this week. A more bullish mood across markets also helped the euro, as well as […]

The German economy grew in the second quarter, propped up by household and government spending and beating analyst expectations that saw it on the edge of a downturn, data showed today. Europe’s largest economy grew by 0.1% quarter on quarter and 1.7% on the year, adjusted for price and calendar effects, the federal statistics office […]