News

Three European countries and the European Union are seeking exemptions from US sanctions on Iran in a sign that the bloc’s bid to hold the landmark nuclear deal together may be in trouble. Ireland could potentially benefit, if it means banks and businesses here can do business in Iran despite a US trade embargo. “As […]

The founder of a Kerry-based tech firm is relocating to Boston – with his family – in a bid to expand the company’s US customer base. John ‘Ogie’ Sheehy founded ViClarity in 2008, a period of instability where a tool to help manage new regulatory and governance policies was an innovative, and attractive, product. With […]

Retail chain House of Fraser is to shut over half of its stores impacting around 6,000 jobs. The closures are part of a proposed Company Voluntary Arrangement (CVA), which will require approval from creditors who will make their decision on June 22. Currently, the troubled group operates 59 leased stores across the UK and Ireland, […]

Irish consumers are planning to spend more but they remain cautious. The move to loosen household purse-strings comes as consumer sentiment rose in May despite uncertainty about the general economic outlook, including the evolving political crisis in Italy. The KBC Bank Ireland/ESRI consumer sentiment index increased to 106.7 in May from 104 in April, reversing […]

The loss to Ireland of just one of the bigger multinationals would leave the State nursing a €276m tax shortfall, according to the Government’s budget watchdog. The Irish Fiscal Advisory Council’s (IFAC) Fiscal Assessment Report for June 2018, published today, includes an illustration of the vulnerability of the tax system. In a modelled example, researchers […]

Social Protection Minister Regina Doherty has indicated she’s prepared to examine cutting child benefit for higher earners to pay for childcare for all. The minister will get her officials to look at households earning more than €100,000 that are also getting child benefit. Ms Doherty was responding to proposals she shift part of the €2bn […]

Irish consumers are planning to spend more but they remain cautious. The move to loosen household purse-strings comes as consumer sentiment rose in May despite uncertainty about the general economic outlook, including the evolving political crisis in Italy. The KBC Bank Ireland/ESRI consumer sentiment index increased to 106.7 in May from 104 in April, reversing […]

The European Union will target consumer, agricultural and steel products made in many key Republican constituencies when it imposes tariffs against US imports in retaliation for punitive duties US President Donald Trump announced yesterday. The Trump administration’s tariffs on imports from key allies sent US and European stocks into a tailspin and stoked demand for […]

A new London-based angel investment syndicate is to invest €3m in Irish start-ups over the next three years. HBAN’s London syndicate supports the creation of an international network with an affinity to Ireland. Up to six ambitious Irish companies with eyes for international expansion will see investment from the syndicate over the next 12 months. […]

SIGNS of overheating have started to be seen in the Irish economy, the Organisation for Economic Cooperation and Development has warned – and Brexit remains the biggest risk. In its latest biannual economic outlook, the Paris-based agency pointed out that new mortgage lending and loans to small businesses have risen sharply in recent months, as […]