News

The European Investment Bank (EIB) is to open it first Irish office later this year. The plans were confirmed by EIB vice president Andrew McDowell, who was Enda Kenny’s economic advisor until he was appointed to the €270,000 a year post earlier this year. He confirmed the new Irish office during his first working visit […]

HOUSEHOLDERS are set to benefit from a string of price cuts, and new discounts being offered by one of the leading suppliers. But there are warnings that these could be the last of price reductions for a while, as oil prices have started to rise after falling for close to two years. From tomorrow, Bord […]

The owner of the Daily Mail and The Mail on Sunday is axing 400 jobs as it battles against plunging advertising sales. Daily Mail and General Trust (DMGT) said the staff cuts were being made group-wide as part of an overhaul under new chief executive Paul Zwillenberg, who took over at the helm on June […]

The exact economic impact of Brexit on Ireland will be “negative and material,” both in the short-term and in the longer term, according to the deputy governor of the Central Bank. Speaking at an event in Dublin organised by the Global Interdependence Center, Sharon Donnery, said the long-run economic impact of Brexit is difficult to […]

The campaign of Republican Presidential nominee Donald Trump has dragged Denis O’Brien and the Irish Government into his attacks on Hillary Clinton. Mr O’Brien was the focus of a lengthy email which was issued to the media last night headlined ‘Follow the money’. The email is from a series issued yesterday as part of the […]

The price of an average three-bed semi detached house has risen above €200,000 for the first time since the financial crash, new research has shown. Countrywide the average three bed semi costs €200,093, an increase of €4,732 since the end of June. The price increase represents a 6.37pc on the same period last year, according […]

ONE of Ireland’s largest local authorities has opted not to reduce its Local Property Tax (LPT) rate for 2017 amid concerns over the funding shortfall it would create. Cork Co Council rejected proposals by both Fianna Fáil and Sinn Féin to cut the base rate of LPT. The LPT rate will now remain unchanged next […]

Two companies are to create 140 new jobs over the next five years in the areas of technology and medicine. Software firm WP Engine has opened a new technical support and innovation centre in Limerick, which will lead to the create of 100 new jobs over the next three years. WP Engine powers digital experiences […]

Ireland will escape being hit with an extra €280m in EU budget contributions due to the 26pc spike in the country’s wealth which was dubbed “leprechaun economics”. The huge surge in Gross Domestic Product (GDP) caused by multinational companies’ accounting changes was revealed in late July. What was expected to be a 7.8pc increase in […]

TWITTER shares soared over 18% on reports that tech giants including Google are circling the social media site. Twitter is said to be in talks with several companies and could receive a bid soon, business broadcaster CNBC reported, citing sources. Google and Salesforce.com are said to be among the firms eyeing the microblogging site. US-listed […]