Category: Business News

Consumers are being warned of a new ‘direct debit’ scam which is falsely leading people to believe their bank account has been hacked. FraudSMART, the fraud awareness initiative led by Banking & Payments Federation Ireland (BPFI), said the scammers are persuading people to move their money to a so-called ‘safe account’ in order to protect […]

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The State is transferring the first in a series of annual payments into a fund set up to invest windfall gains from taxing multinationals. Four billion euro is being moved from the Exchequer to the Future Ireland Fund. The fund is one of two vehicles set up to save some of the proceeds from corporation […]

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Progress on cutting Ireland’s greenhouse gas emissions continued during the first three months of the year with an overall reduction of 2.2% in emissions compared with the same three-month-period in 2023, according to a new quarterly emissions report from the Environmental Protection Agency. The first ever quarterly emissions data from the EPA shows electricity imports […]

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A new survey from the Strategic Banking Corporation of Ireland reveals that access to skilled staff, high energy and transport costs as well as access to finance are the biggest risks identified by Irish SMEs. The Strategic Banking Corporation of Ireland is the State’s promotional financial institution and it has channelled over €4 billion in […]

Read More… from Staffing, energy costs biggest worries for Irish SMEs – SBCI

Media regulator Coimisiún na Meán will formally launch Ireland’s Online Safety Code following the conclusion of an assessment by the European Commission. The rules will apply to video-sharing platforms that have their EU headquarters in Ireland. The code will be legally binding, and companies will face fines of up to €20 million for breaches of […]

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Petrol and diesel prices have decreased for the third month in a row, the latest AA Ireland fuel survey shows. Petrol dropped by two cents to €1.72 per litre in October, while diesel prices also dropped by a cent to an average of €1.66 per litre. AA noted that crude oil prices are fluctuating daily […]

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Euro zone firms have recorded a further slowdown in business momentum but overall economic growth is likely to remain positive as expansion in services offsets a manufacturing recession, a European Central Bank quarterly survey of firms showed. The euro zone economy is barely growing as Germany, its biggest economy, could be in recession and the […]

Read More… from Euro zone firms report slowdown in business momentum, ECB says

Euro zone inflation slowed more than previously estimated in September, according to revised official data released today, hours before the European Central Bank cut interest rates again. Year-on-year consumer price increases in the single currency area slowed to 1.7% last month, a slight change from the 1.8% figure published on October 1, according to the […]

Read More… from Euro zone inflation revised down to 1.7% in September

The value of venture capital deals in Ireland dropped 59% between July and September, compared to the same period last year. Data compiled by KPMG Venture Pulse shows 28 deals worth $100.9m were closed during the third quarter. The researchers blame the performance on muted global activity in the space, which fell from a five […]

Read More… from Value of VC deals drop 59% in Q3 amid global slowdown

The European Central Bank has cut interest rates for the third time this year, saying inflation in the euro zone was increasingly under control while the outlook for the wider economy was worsening. The first back-to-back rate cut in 13 years marks a shift in focus for the euro zone’s central bank from bringing down […]

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