News

Next month’s planned increase in the Carbon Tax would be “offset” so there would not be additional costs for householders, the Taoiseach has told the Dáil. The tax will increase the cost of gas by €1.40 per month, while oil users will see an increase of €1.50 a month. Micheál Martin defended the Government’s position […]

More than one in five workers did not take any annual leave in 2021, according to a new study from the Central Statistics Office. The CSO’s “Personal and Work-Life Balance Survey” reveals that the most common barrier to taking paid leave was being short staffed. For workers with children who said there were barriers to […]

Euro zone business growth got a boost last month from the re-opening of economies following the Omicron coronavirus variant, according to a new survey. But the survey also showed that soaring energy costs and Russia’s invasion of Ukraine threaten the recovery. S&P Global’s final composite Purchasing Managers’ Index (PMI), seen as a good guide to […]

The outlook for the services sector, as measured by AIB in its monthly Purchasing Managers’ Index, darkened considerably in March following the Russian invasion of Ukraine and record price inflation across the sector. The drop in sentiment last month was exceeded only twice in the survey history, in March 2020 and September 2001. However, demand […]

Today marks the end of the Pandemic Unemployment Payment (PUP) and remaining recipients will now transition to jobseekers’ payments, if they are deemed eligible. The scheme was closed for new applications in January and last week, final payments to the remaining 44,747 claimants were processed. The PUP was first introduced as the Covid-19 pandemic struck […]

Oil prices inched higher today as worries about tight supply persisted even as investors eyed the release of supplies from strategic reserves from consuming nations and a truce in Yemen sparked hopes that supply issues in the Middle East could abate. Brent crude futures were up 9 cents, or 0.09%, to $104.48 a barrel early […]

One in five businesses in Ireland, the equivalent of 50,000 companies, do not have a cyber security policy in place, according to a new survey. The research from connectivity network Magnet+ shows that 50% of Irish businesses have not implemented an email security solution to prevent cyber threats and attacks. The study also reveals that […]

58% of Irish respondents, who do not currently own cryptocurrency, are interested in learning more or are likely to acquire it in the next 12 months, according to a new survey. The 2022 Global State of Crypto report, released by cryptocurrency exchange Gemini, found that Irish people are the most ‘crypto-curious’ in the world followed […]

Inflation continued to surge across Europe’s biggest economies this month, leaving households poorer as they picked up the bill for soaring energy costs in the wake of Russia’s shock invasion of Ukraine. Price growth hit multi-decade highs in Italy, France, Germany and Spain in March. This has intensified a policy dilemma for the European Central […]

Oil prices seesawed today ahead of a meeting of consuming nations to discuss a new release of emergency oil reserves alongside a huge planned release by the US. US West Texas Intermediate (WTI) crude futures dipped 6 cents to $100.22 a barrel in early trade after trading as high as $101.75. The contract had slumped […]