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Minister for Finance Paschal Donohoe has said Ireland is not in a position to place a cap on rising fuel prices, as it is a country that must buy the majority of its own fuel. Asked about the prospect of price regulation – which has been called for by the Opposition and touted by the […]

New figures from the Central Bank show that Ireland had the second highest mortgage rates in the euro area in January, coming just after Greece. The Central Bank said the average interest rate on new Irish mortgages was 2.76% in January, up from 2.69% in December but down three basis points on the same time […]

The battered euro took a breather today ahead of this week’s European Central Bank meeting, while commodity currencies eased from recent peaks as investors reckoned war-driven surges in energy, grains and metals could crimp long-term demand. The euro hovered around $1.0913 in Asian trade, a modest recovery from Monday’s 22-month low of $1.0806. The euro […]

Two new statutory codes of practice have been launched to help eliminate pay inequality and tackle workplace harassment and sexual harassment. The measures were developed by the Irish Human Rights and Equality Commission. The new codes of practice, published in the week of International Women’s Day, set out the procedures and steps to ensure that […]

Euro zone economic growth was driven mainly by investment and rising inventories over the last three months of 2021, as household consumption dropped because of another wave of Covid-19 infections. The European Union’s statistics office Eurostat confirmed its earlier estimates that gross domestic product in the 19 countries sharing the euro rose 0.3% on a […]

Higher security standards for certain card payments have come into effect. The changes are part of the ongoing rollout of Strong Customer Authentication (SCA) and relate to recurring card payments such as subscriptions where the cardholder’s details are retained for future use. From today, service providers and online retailers must process these payments in line […]

The Pandemic Unemployment Payment will be reduced to €208 a week from today, in the next step in the winding down of the scheme. People who previously earned less than €151.50 per week will receive a payment of €150. The PUP was first introduced in March 2020 and at one stage it was paid at […]

Measures to give electricity users a €200 credit on their bills has been signed into law and it is expected that people will start receiving the discount from next month. The €200 credit, designed to soften the blow of rising energy costs, will be listed on people’s bills as a €176.22 credit line – but […]

Oil prices soared more than 9% today, touching their highest since 2008, as the US and European allies mull a Russian oil import ban and delays in the potential return of Iranian crude to global markets fuelled tight supply fears. Brent crude futures jumped $12.61, or 10.6%, to $130.72 a barrel early this morning. US […]