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Classic Hits owner plans to buy Galway Bay FM

Tue, 06/03/2025 - 15:18
The company behind Radio Nova, Classic Hits Radio and Sunshine 106.8 is planning to buy Galway Bay FM.

Shortage of planning staff causing housing delays

Tue, 06/03/2025 - 14:30
Sinn Féin's housing spokesperson Eoin Ó Broin said a shortage of planning staff both in councils and in An Bord Pleanála is causing an excessive delay in building houses.

Meta signs power deal with Constellation nuclear plant

Tue, 06/03/2025 - 14:18
Meta Platforms has struck an agreement with Constellation Energy to keep one of the utility's reactors in Illinois operating for 20 years, in the Big Tech company's first such deal with a nuclear power plant.

IDA says Ireland losing out due to high cost of energy

Tue, 06/03/2025 - 13:21
IDA Ireland said Ireland was losing ground to other EU countries and the US because of the high cost of energy.

New car registrations down 8.8% in May, but EVs up 5.3%

Tue, 06/03/2025 - 13:07
New figures from the Society of the Irish Motor Industry show that while new car registrations overall slowed in May, the number of new electric car registrations increased.

Disney laying off several hundred in film, TV and finance

Tue, 06/03/2025 - 12:41
Media company Walt Disney is laying off several hundred employees in film, television and corporate finance, a source familiar with the matter has said.

Shoppers spend €14m more on summer fare - Kantar

Tue, 06/03/2025 - 11:56
New figures show that shoppers spent an additional €14m on typical summer fare, including sausages, coleslaw, antipasti, non-alcoholic drinks, mixers, pickles, beer and cider and ice cream, in the four weeks to May 18.

Build starts on 16m modular building facility in Meath

Tue, 06/03/2025 - 11:49
CPAC Modular, a manufacturer of modular buildings, will today break ground on its new €16 million manufacturing facility in Dunshaughlin, Co Meath.

Turkish inflation hits lowest level since November 2021

Tue, 06/03/2025 - 11:11
Turkish inflation eased further in May to 35.4%, reaching its lowest level since November 2021, official figures showed today, paving the way for a possible interest rate cut.

Euro zone inflation eases below ECB target

Tue, 06/03/2025 - 10:18
Euro zone inflation eased below the European Central Bank's target last month, data showed today, underpinning expectations for another interest rate cut this week, even as global trade tensions fuel longer-term price pressures.

Bank of Ireland to cut 12 and 18-month deposit rates

Tue, 06/03/2025 - 10:13
Bank of Ireland is to reduce the interest rate on its 12 and 18-month fixed-term deposits by 0.25% from this Thursday.

Profits up 5% at Cully & Sully soup owner to €3.07m

Tue, 06/03/2025 - 09:59
Pre-tax profits at the Cork-based food firm that operates the Cully & Sully brand increased by 5% to €3.07m last year.

China's factory activity cools in May as US tariffs hit

Tue, 06/03/2025 - 09:38
China's factory activity in May shrank for the first time in eight months, a private-sector survey showed today, indicating US tariffs are now starting to directly hurt the manufacturing superpower.

Manufacturing growth continues despite export challenges

Tue, 06/03/2025 - 08:40
The country's manufacturing sector grew at a solid pace in May as strong domestic demand offset a second successive monthly decline in export orders due to subdued sales into the US and Britain, a new survey showed today.

OECD cuts global 2025 growth forecast to 2.9% on tariffs

Tue, 06/03/2025 - 08:10
The OECD has slashed its annual global growth forecast today, warning that US President Donald Trump's tariffs blitz will stifle the world economy - hitting the US especially hard.

Crust & Crumb to create 120 jobs in Co Cavan

Tue, 06/03/2025 - 07:52
Pizza maker Crust & Crumb is to double the size of its production facility at Ballyconnell in Co Cavan.

Airbus deliveries fell 4% in May, sources say

Tue, 06/03/2025 - 07:35
Airbus delivered around 51 airplanes in May, industry sources said, down 4% from the same month last year.

Consortium proposes to buy Dalata for €1.3 billion

Tue, 06/03/2025 - 07:26
Scandinavian property companies Pandox and Eiendomsspar have jointly proposed to buy Ireland's largest hotel group Dalata Hotel Group for €1.3 billion, they said today.

Ibec calls for more investment in research, innovation

Tue, 06/03/2025 - 06:00
Business group Ibec has warned that Ireland's current public investment model for research and innovation does not match the country's ambition to become a European Innovation Leader.

Cybersecurity top investment priority with tech leaders

Tue, 06/03/2025 - 05:42
Cybersecurity remains the top investment priority for Irish tech leaders who are facing increasing budget constraints, geopolitical tensions and continued technological change.

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