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The European Central Bank did not have to take its cues from the US Federal Reserve and could start to lower rates as soon as June, Bank of Finland governor Olli Rehn has told AFP. “While we don’t make policy in a vacuum, the ECB is not the 13th Federal district of the US Federal […]
Read More… from ECB can start cuts before Fed, says Finnish bank governor Rehn
Wholesale electricity prices – the prices that suppliers pay to generators – fell nearly 30% in the 12 months to April, the latest Central Statistics Office figures show. Wholesale electricity prices had rocketed in the period after Russian invasion of Ukraine, and today’s figures show they have fallen back nearly 60% since April 2022 and […]
Read More… from Annual wholesale electricity prices fell by almost 30% in April – CSO
New car sales in the European Union rose 13.7% in April on the year for their biggest jump since last October, Europe’s auto industry body said today, after registrations fell in March. The European Automobile Manufacturers Association (ACEA) said an uptick in major markets Spain, Germany, France and Italy drove the increase, while an early […]
Read More… from EU new car sales jump 13.7% in April, industry body says
Inflation in Britain fell by less than expected in April and a key core measure barely dropped, prompting investors to pull bets on a rate cut next month which could have boosted embattled Prime Minister Rishi Sunak before an election this year. UK consumer prices rose by an annual 2.3% last month, down sharply from […]
Read More… from UK inflation falls less than expected, dashing June rate cut hopes
Europe’s landmark rules on artificial intelligence will enter into force next month after EU countries today endorsed a political deal reached in December, setting a potential global benchmark for a technology used in business and everyday life. The European Union’s AI Act is more comprehensive than the US light-touch voluntary compliance approach while China’s approach […]
Read More… from Europe sets benchmark for rest of the world with landmark AI laws
A new analysis of Budget 2024 has warned that it will widen further the gap between the better off and those on the lowest welfare and work incomes. The study by Social Justice Ireland found that the temporary measures contained in the Budget are more concentrated among welfare dependent households and those at work but […]
Read More… from Budget will widen gap between better off, those on low incomes – survey
Revenue has issued notices to 115,000 employers reminding them of their obligations under the Enhanced Reporting Requirements (ERR) scheme. Since January 1st, employers who provide the remote working daily allowance, untaxed travel and subsistence payments or qualifying incentives under the small benefit exemption to their employees and directors, without the deduction of tax, are required […]
Read More… from Revenue reminds employers of enhanced reporting obligations
Irish food and drinks companies are generally positive about the future, despite issues with inflation, input costs and labour availability. That is according to a survey of over 100 companies undertaken by Love Irish Food and Bank of Ireland in March and April of this year. Much has been said about rising costs for businesses […]
Read More… from Most food and drink companies positive about future
More than 400 leaders from politics, business, economics and civic life are gathering in Killarney, Co Kerry over the next three days for the inaugural Global Economic Summit. They will discuss themes including climate change, energy sustainability, health ecosystems, education, technology and artificial intelligence. The summit is a not-for-profit event which aims to develop new […]
Read More… from Inaugural Global Economic Summit to open in Co Kerry
Advertised rents rose by just 0.6% between January and the end of March, new data from the property listings website Daft.ie shows. It meant that average rent sought in the first quarter was €1,836 per month, an increase of 4.9% on the same period last year. That is the lowest annual rate of asking price […]
Read More… from Pace of rise in advertised rents slowed in first quarter
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