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Irish firms suffering with renewed supply chain problems

Irish businesses are once again having to restructure their supply chains, amid renewed disruption caused by the resurgence of Covid-19 in China, the Ukraine war and soaring fuel costs. Economists have warned that if continued, the global difficulties will contribute to lower economic growth and higher inflation. Central to the problems are the ongoing heavy […]

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Start-up activity drops 12% amid rising costs

5,600 new companies were registered in Ireland in the first three months of the year, down 12% on the same time last year. New data from CRIF Vision-net suggests that some people are holding off on launching new businesses due to rising costs, and supply chain problems. “What we are seeing is a bit of […]

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Hauliers given more time to apply for fuel cost support

Hauliers are to be given more time to apply for an emergency support scheme put in place by the Government to assist them with the soaring cost of fuel. Those who have not yet applied for the assistance will now have until 6 June to lodge their completed applications. Under the Licensed Haulage Emergency Support […]

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Taoiseach in Belfast to meet political and business leaders

The Taoiseach is in Belfast today to meet politicians and business leaders as efforts continue to break the Stormont impasse over the Northern Ireland Protocol. Micheál Martin will meet party leaders for talks and will host a delegation from the business community. The DUP is refusing to restore power-sharing until its concerns about the protocol […]

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SME optimism drops amid Ukraine war and inflation

Irish SMEs are feeling less optimistic about the future, according to a new report by peer-to-peer lender Linked Finance. Its latest SME Confidence Index for the first quarter of this year, shows that companies are more wary about current business conditions amid the war in Ukraine and rising inflation. The index, which is based on […]

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Fórsa says improving pay ‘must be our priority’

The General Secretary of Fórsa, the country’s largest public sector trade union, has said that improving pay must be his union’s priority. In an address to delegates at Fórsa’s national conference in Killarney, Co Kerry, Kevin Callinan said that runaway inflation was leading to a cost of living crisis. “Our job is to do what […]

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Amid hiring surge, 79% of businesses struggling to fill vacancies

A new report has revealed record levels of hiring by Irish businesses but also shows that many are struggling to fill vacancies. According to the latest ManpowerGroup Employment Outlook Survey, employers of all sizes plan to expand headcount significantly. The study shows that Ireland has recorded the highest net employment outlook in Europe, closely followed […]

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Aer Lingus owner IAG orders 50 new Boeing planes

Aer Lingus and British Airways owner IAG is to order 50 Boeing 737 MAX jets for delivery between 2023 and 2027, in a vote of confidence in the struggling US planemaker. The order for 25 737-8-200 and 25 737 MAX 10 jets to be used for short-haul operations at IAG-owned airlines is worth $6.25 billion […]

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UK inflation hits 9%, highest since modern records started

British inflation leapt last month to its highest annual rate since 1982, piling pressure on finance minister Rishi Sunak to step up help for households facing a worsening cost-of-living crisis. UK consumer price inflation hit 9% in April, the Office for National Statistics said. This surpassed even the peaks of the early 1990s recession that […]

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Fáilte Ireland launches drive to tackle staff shortages in tourism sector

A national campaign to address staff shortages in the tourism and hospitality sectors is being launched today by Fáilte Ireland. The €700,000 marketing drive will run across national radio, print, online platforms and social media. The aim of the initiative is to attract more people to jobs in the sector as the tourism industry faces […]

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