Category: Business News

More European Central Bank interest rate cuts are coming and the deposit rate could hit the so-called neutral level in the first half of next year, Finnish central bank chief Olli Rehn said today. The ECB has already cut rates three times this year as prices have fallen and further cuts at each of its […]

Read More… from More ECB rate cuts coming but pace of easing uncertain, Rehn says

The Irish Hotels Federation has called on all political parties and candidates in the General Election to commit to policy measures aimed at staving off the commercial crisis facing the wider tourism and hospitality industry – particularly food service businesses. Launching its manifesto, IHF President Michael Magner said an urgent change in direction is now […]

Read More… from IHF calls for urgent action to safeguard tourism and hospitality sectors

The cost of living continues to be felt among consumers with 72% saying they expect Christmas shopping to be significantly more expensive this year, while 36% expect to spend less compared to last year. Those are the views of respondents to the latest KPMG Next Gen Retail Survey. “Price is still the primary factor influencing […]

Read More… from Majority expect Christmas shopping to be more expensive this year

New figures from the Central Statistics Office show that the seasonally adjusted Live Register total for October rose by 0.4% to 169,000 people – an increase of 700 people from the previous month. The CSO said that the unadjusted Live Register total stood at 163,766 people for October. Today’s figures show that the 35-44 age […]

Read More… from Live Register figures edge 0.4% higher in October – CSO

Total activity in the construction sector fell in October, despite strong growth in housing. The BNP Paribas Real Estate Ireland Construction Total Activity Index rose slightly from 49 in September to 49.4 last month. However, the index was still below the 50 mark which indicates growth. This is the second month in a row in […]

Read More… from Total construction activity falls despite strong growth in housing

China’s consumer inflation rate slowed in October, official data showed over the weekend, in a sign that demand remains sluggish in the world’s second biggest economy. The slowdown comes as authorities have been seeking to boost domestic activity as a property crisis weighs on confidence. The consumer price index (CPI), a key measure of inflation, […]

Read More… from China consumer prices rise at slower rate in October

EU leaders are meeting for a second day in Budapest to discuss the European economy and its competitiveness, as the continent continues to take stock of Donald Trump’s victory in the US presidential elections. Leaders at the European Political Community summit will hear from Mario Draghi, the former ECB president, whose recent report on competitiveness […]

Read More… from Leaders to discuss EU competitiveness at Budapest summit

Vulnerable adults are being urged to keep control of their own money as much as possible, including those with decision-making and capacity challenges. Almost a third of adults in Ireland (30%) have experienced financial abuse according to figures released by Safeguarding Ireland. In a RED C survey, the majority of those who experienced this type […]

Read More… from Financial abuse experienced by 30% of adults – survey

The rate of inflation rose by 0.7% in the 12 months to October 2024, according to the latest Central Statistics Office figures. There was a significant fall in energy prices over the past year. Electricity prices were down 16%, gas fell 18%, petrol dropped 8% and diesel was down 12%. However, prices in restaurants and […]

Read More… from Inflation rate steady at 0.7% again in October – CSO

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