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Updated: 42 min 15 sec ago

Gas generated up to 80% of electricity during cold snap

Fri, 02/16/2024 - 05:00
Gas generated up to 80% of the country's electricity during the cold snap last month, new figures show.

New website to track media ownership in Ireland

Fri, 02/16/2024 - 05:00
A new website that will track the ownership of media organisations in Ireland is to be launched today.

Decision day at I-RES as board faces crunch EGM votes

Fri, 02/16/2024 - 05:00
The board of Ireland's largest private residential landlord, I-RES REIT, will face a crunch extraordinary general meeting (EGM) later this morning which could decide the future direction of the company and the involvement of a number of existing directors in it.

Ireland to assume new EU online safety powers

Fri, 02/16/2024 - 05:00
Ireland's media regulator Coimisiún na Meán has said it is ready to assume new EU online safety powers from tomorrow.

Medium-sized firms more upbeat than small firms - Azets

Fri, 02/16/2024 - 05:00
Business leaders are relatively upbeat about their economic prospects for the year ahead, according to the inaugural Azets Barometer.

Starwood buys 50% of Echelon Data Centres for €850m

Thu, 02/15/2024 - 23:22
Private investment firm, Starwood Capital, is to buy a 50% stake in Echelon Data Centres for €850m.

Ex-Astronomy Ireland worker stripped of finance duties

Thu, 02/15/2024 - 17:48
A former employee of Astronomy Ireland says she was stripped of any work regarding financial matters because she "started to ask questions about the legality of some of the ongoings" at the organisation.

Developer loses out in income tax battle with Revenue

Thu, 02/15/2024 - 17:41
A developer has lost his €288,897 income tax battle with Revenue that centred around the treatment of a $11.2m loss in a US business venture.

Explainer: The battle for control of I-RES REIT

Thu, 02/15/2024 - 16:50
For the second time in less than a year, the directors of Ireland's largest private landlord are under intense pressure.

People Power: The massive growth of crowd-funding

Thu, 02/15/2024 - 15:27
From charity drives to tech start-ups, crowd-funding has become a major source of finance for many, but campaigns don't always go smoothly, writes Adam Maguire.

Employer ordered to repay €2.24m in Covid wage supports

Thu, 02/15/2024 - 15:18
An employer has been ordered to repay €2.24m in Covid-19 wage supports to the Revenue Commissioners.

US retail sales fall in January, jobless claims decline

Thu, 02/15/2024 - 14:24
US retail sales fell more than expected in January, pulled down by declines in receipts at car dealerships and fuel service stations.

Fears for job losses at Cork's Blizzard Entertainment

Thu, 02/15/2024 - 13:12
Tánaiste Micheál Martin has said that the Government will support employees at gaming firm Blizzard Entertainment in Cork who are being made redundant.

SpaceX moves incorporation to Texas from Delaware - Musk

Thu, 02/15/2024 - 13:01
Rocket company SpaceX has moved its state of incorporation to Texas from Delaware, CEO Elon Musk said in a post on X, formerly Twitter.

RTÉ's capacity 'very significantly reduced,' Dáil told

Thu, 02/15/2024 - 12:59
Tánaiste Micheál Martin has told the Dáil that "RTÉ's capacity is very significantly reduced," adding that the national broadcaster's coverage of global events is "not what it should be".

Both exports and imports decreased in 2023 - CSO

Thu, 02/15/2024 - 12:14
The first estimates for 2023 from the Central Statistics Office show that exports were valued at €197 billion last year, a decrease of 6%, or €11 billion, when compared with 2022.

Air fryers and gin added to CSO basket of goods

Thu, 02/15/2024 - 11:53
Air fryers, gin and disposable vapes are among the items that have been added by the Central Statistics Office to the basket of goods and services that determine the annual rate of inflation.

Inflation slows to 4.1% in January from 4.6% in December

Thu, 02/15/2024 - 11:21
The annual rate of inflation fell to 4.1% in the 12 months to January from 4.6% in December, new figures from the Central Statistics Office show today.

Mortgage holders with non-bank lenders pay higher rates

Thu, 02/15/2024 - 11:00
The average Interest rate charged on new mortgages in Ireland was 1.5% higher in December than in the same month a year earlier, according to the latest data from the Central Bank.

Commission cuts Irish growth forecasts to 1.2% from 3%

Thu, 02/15/2024 - 10:44
The European Commission has today revised down its expectations for the performance of the Irish economy in its Winter 2024 Economic Forecast, which was published today.

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