The Electricity Association of Ireland has published a report outlining a policy and investment pathway for the decarbonisation of the sector, which it says will play a critical role if Ireland is to achieve its climate goals. It projects investment of close to €2bn annually in electricity grid reinforcement, renewal and resilience is needed to […]
Read More… from Decarbonising electricity sector will cost €2bn annually – EAI
The dollar soared today and was set for its biggest one-day rise since March 2020 after Republican Donald Trump won the US presidential election, while the euro, Chinese yuan and Mexican peso were among the biggest losers on potential new tariffs in the regions. Trump beat Democrat Vice President Kamala Harris to retake the White […]
Read More… from Dollar soars, euro tumbles as Trump wins election
The unemployment rate rose slightly to 4.2% in October from a near-record low of 4.1% a month earlier, new figures from the Central Statistics Office showed today. The unemployment rate for September was revised down from a provisional reading of 4.3%, the CSO said. Today’s CSO figures show that the jobless rate for men in […]
Read More… from Unemployment rate rises slightly to 4.2% in October – CSO
There was a sustained uptick in activity in the services sector last month, the latest AIB Ireland Services Purchasing Managers Index shows. However, growth momentum eased from September’s six-month high, the data shows. Overall the index fell from 55.7 in September to 53.8 in October. “The rate of growth in the Irish services sector was […]
Read More… from Services sector continues to grow solidly in October
The National Cyber Security Centre (NCSC) received 5,276 reports last year, 721 of which were confirmed as cybersecurity incidents. This led to the opening of 309 investigations. The figures are contained in the National Cyber Security Annual Update 2023 which was published today. According to the report, the vast majority of incidents were categorised as […]
Read More… from Over 700 cybersecurity incidents in Ireland last year
Strong demand for car loans propelled the value of personal loan drawdowns to the highest level recorded during the second quarter of the year. In total 60,674 loans worth a total of €641m were provided during the April to June period. That was up 7.6% in volume and 18.9% in value, when compared to the […]
Read More… from Personal loan drawdowns hit highest level ever in second quarter
New figures from the Society of the Irish Motor Industry (SIMI) show that new car registrations for October rose by 9.7% to 2,423 when compared to the figure of 2,208 the same month last year. Registrations so far this year are down 1.2% to 119,668 on the 121,134 cars registered the same time last year. […]
Read More… from October new car registrations up 9.7%, but EV registrations down 12.3%
OPEC+ has agreed to delay a planned December oil output increase by one month, the group said, as weak demand notably from China and rising supply outside the group maintain downward pressure on the oil market. Eight members of OPEC+, which groups the Organization of the Petroleum Exporting Countries plus Russia and other allies, were […]
Read More… from OPEC+ agrees to delay December output hike for a month
The Government has been told that National Broadband Ireland should seek to ramp up its capacity to meet the demand for new connections in anticipation of continued strong take-up. The recommendation is contained in an independent evaluation report of the National Broadband Plan which was prepared by EY Ireland. The study was based on extensive […]
Read More… from Government urged to ‘ramp up’ broadband capacity
New figures from the Central Statistics Office show that wholesale electricity prices increased by 12.2% in September compared to August, and were 1% higher compared to September of last year. But wholesale electricity prices have fallen by 70.9% when compared with their peak seen in August 2022. The price index for all energy fuels dropped […]
Read More… from Wholesale electricity prices rise over 12% in September – CSO
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