News

Over €12 billion was spent using mobile wallets such as Apple Pay and Google pay in the 12 months to March, new data shows. The figures from Banking and Payments Federation Ireland reveal that mobile wallet payments accounted for more than half of the value of all contactless payments made during the period. €24 billion […]

Public sector workers will today call for an increase in starting salaries amid claims that pay for new entrants is far too low. The issue will be debated at the biennial conference of Fórsa, the country’s largest public sector trade union. More than 700 delegates have gathered in Killarney for the event which began last […]

Having eased considerably last year, fuel forecourt prices are on the rise once again. In the space of a month average fuel prices have risen by 10-13.5%, according to AA Ireland, in no small part due to the latest phase of the Government’s excise duty restoration. PTSB has announced cuts to its standard three-year fixed-rate […]

The European Commission has maintained its expectations for the performance of the Irish economy this year with a predicted GDP growth rate of 1.2%. In its Spring 2024 Economic Forecast, published today, the Commission has also forecast GDP growth of 3.6% for 2025, up from 3.2% predicted in the Winter Economic forecast which was published […]

Oil prices extended declines today amid signs of weak fuel demand and as comments from US Federal Reserve officials dampened hopes of interest rate cuts, which could slow growth and crimp energy use in the world’s biggest economy. Brent crude futures slid seven cents (0.1%) to stand at $82.72 a barrel this morning, while US […]

Gas generated 42% of Ireland’s electricity in April, new figures from Gas Network Ireland show today. After a notably windy period in February and March, gas was the most dominant contributor to electricity generation last month as it surpassed wind energy’s contribution of 36%. Gas Network Ireland said that gas was the primary source of […]

Almost 90% of the €1.65 billion debt which was still warehoused at the start of last month has been repaid or is in the process of being repaid, Revenue has said. The debt warehousing scheme was introduced near the start of the Covid-19 pandemic to help firms struggling with cash flow as a result of […]

Britain’s economy grew by the most in nearly in three years in the first quarter of 2024, ending the shallow recession it entered in the second half of last year and delivering a boost to Prime Minister Rishi Sunak ahead of an election. The Office for National Statistics said UK gross domestic product expanded by […]

The number of green loans drawn down last year jumped over 90% when compared to 2022, new data shows. A green loan includes green car or auto finance and green home improvement loans, The data from Banking and Payments Federation Ireland shows that 4,266 such loans were drawn down last year. The value of these […]

One in every four adults would choose to take the State pension six years earlier, even if it meant they received €60 less a week from it, new research has found. But less than one in five said they would stay at work until they were 70 in order to get an additional €60 a […]