Smartphones and watches are becoming the preferred payment method for many, new data shows. The latest figures from Banking and Payments Federation Ireland (BPFI) show that half of all contactless payments are now made using mobile wallets such as Apple Pay or Google Pay, rather than cards. In the 12 months to June, a total […]
Read More… from Half of all contactless payments made using mobile wallets
European Central Bank policymakers appeared content with the drop in inflation when they met last month but argued for a gradual policy easing given stubborn price pressures, the accounts of their September 12 policy meeting showed today. The ECB cut interest rates last month and said it would keep an open mind about October but […]
Read More… from ECB accounts show cautious stance on further policy easing
The public is being encouraged to dig out unwanted electronics and cables which could contain valuable metals. Ahead of International E-Waste Day next Monday, WEEE Ireland, the country’s national compliance scheme for the recycling of e-waste, has warned that disposing of e-waste incorrectly has high financial and environmental costs. Increasing recovery and recycling rates, it […]
Read More… from Public encouraged to recycle electronics which may contain valuable metals
More than three in five business leaders believe Budget 2025 will help them achieve their strategic priorities amid pressing business challenges, a new survey from the Irish Management Institute reveals. The new research is based on a survey of 180 senior business leaders across private, public and semi-state organisations in Ireland attending the IMI’s National […]
Read More… from 61% of business leaders believe Budget 2025 will support growth
There are growing risks to the EU budget due to a record amount of debt, Russia’s war against Ukraine and high inflation, according to the annual report of the EU’s financial watchdog. The report warns that the EU will need to find new funding models to pay for upcoming commitments, such as enlargement, and potentially […]
Read More… from EU’s financial watchdog warns of growing budget risks
Several European Central Bank policymakers argued their case today for another interest rate cut next week, even if some of their colleagues remained unconvinced as turmoil in the Middle East fuels volatility in energy costs. The ECB has already lowered rates twice this year and a cut to the 3.5% deposit rate on October 17 […]
Read More… from ECB policymakers press case for October rate cut
The Government’s extensive legislation to overhaul the planning system is due to go before TDs tonight for a final vote. The proposed law will see An Bord Pleanála renamed to An Coimisiún Pleanála and a reformed process for taking judicial reviews introduced. Running to more than 900 pages, the legislation is a key part of […]
Read More… from Govt legislation over planning system to go before TDs
The Governor of the Central Bank has the Government’s decision to increase spending above 5% over an extended period will aggravate price inflation and wage pressures. Gabriel Makhlouf said given current macroeconomic conditions, the continued expansionary fiscal stance adds unnecessary stimulus to an economy at full employment. The situation will undermine competitiveness and create risks […]
The European Central Bank (ECB) will cut its deposit rate by 25 basis points on October 17 and again in December, according to more than 90% of economists polled by Reuters who now see a quicker decline in euro zone inflation. Only 12% of economists polled last month had predicted an October cut. But most […]
Read More… from Poll suggests ECB to cut rates by 25bps in Oct and Dec
The European Union has removed Antigua and Barbuda from its tax haven blacklist, an instrument that has been slammed as ineffective in the past by anti-poverty groups. The list, approved by the EU’s member states, now counts 11 jurisdictions deemed non-cooperative for tax purposes, particularly where it comes to sharing tax information. It now has […]
Read More… from EU drops Antigua and Barbuda from tax haven blacklist
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