News

THE average motor premium will go up by €130 by the middle of next year, as the insurance crisis continues. Credit rating agency Standards & Poor’s (S&P) said in a new report that motorists are typically paying €900 a year for cover at the moment. S&P said it expects to see a further rise of […]

Construction disputes are to be settled by a new third party “Adjudication Panel” which has been set up by the Society of Chartered Surveyors of Ireland(SCSI). The move will see pay claims resolved by the independent body, and has been set up in response to provisions made in the 2013 Construction Act. It is the […]

The EU has launched a corporate tax clampdown that could hit Ireland’s tax revenues. The proposed consolidated corporate tax base (CCCTB) is the latest salvo in Brussels’ battle against multinational tax avoidance. It contains a new system for calculating corporate taxes in Europe and a formula to decide where those taxes should be paid. Tax […]

A LACK of women entering the field of engineering is harming the economy, according to the President of the Royal College of Engineering. Professor Ann Dowling said a lack of gender diversity is damaging to the pharma, food, IT and biomedical engineering sectors, which are all vital components of Ireland’s export-driven economy. Women account for […]

The European Union’s hopes of signing a landmark free trade deal with Canada this week appeared to evaporate yesterday as the Belgian federal government failed to win the consent of French-speaking regional authorities. European Council President Donald Tusk had given Belgian Prime Minister Charles Michel until yesterday to resolve the impasse. But a meeting Michel […]

America’s biggest pilot union will drop its opposition to Norwegian Airlines International’s plans to use Ireland as a base to serve the United States, if the carrier formally tells the US Department of Transportation (DOT) that it will only hire crew on either US or Irish contracts. Speaking in Dublin Union President Tim Canoll told […]

The head of the semi-state company behind Irish Water is to stand down. Michael McNicholas has decided to step down from his role as group chief executive of Ervia, the State -utility company responsible for Irish Water and Gas Networks Ireland. He’ll remain in the role until May next year, and the board of Ervia […]

Britain could slash corporation tax to 10pc if the European Union uses the Brexit negotiations to block UK-based banks and businesses from the single market. A plan that would see Britain halving its headline tax rate from 20pc has reportedly been put forward by Prime Minister Theresa May’s advisers, amid growing fears other EU member […]

Dunnes Stores has become the country’s second-largest grocery retailer, pushing Tesco into third place in the multi-billion euro market, new figures this morning show. Dunnes, headed by siblings Margaret Heffernan and Frank Dunne, now has 22pc share of the grocery market here, according to data from Kantar Worldpanel. Supervalu, the chain controlled by Cork-based Musgrave, […]

Six out of 10 businesses expect to be the victim of cyber crime in the year ahead, and 90pc think the country is not prepared for a potential attack on the State. That’s according to a survey ahead of the Dublin Info Sec 2016 cybersecurity conference, which takes place in Dublin next month. It found […]