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Updated: 1 hour 19 min ago

Revenue set to double number of super-rich facing tax probe

Sun, 06/23/2019 - 09:53
New plans from The Revenue Commissioner will see the assets threshold for investigation cut from €50m to €20m.

New five year visa for Chinese tourists visiting Ireland set to boost tourism

Sat, 06/22/2019 - 18:52
A new five-year multi-entry visa option has been announced for Chinese tourists and business people.

Half of supermarket packaging cannot be easily recycled, study finds

Sat, 06/22/2019 - 10:51
The Which? research looked into the wrapping used on 46 of the most popular items sold by 11 supermarket chains.

Brexit widens United Kingdom budget deficit

Sat, 06/22/2019 - 07:15
Britain posted a larger-than-expected budget deficit last month as government spending rose, a reminder that the country’s next finance minister may have limited options to cushion any Brexit blow to the economy.

Foxconn founder urges Apple to move from China

Sat, 06/22/2019 - 07:00
The billionaire founder of Apple’s largest supplier has asked the US company to move part of its sprawling production chain from China to neighbouring Taiwan.

Lufthansa to cut costs at Eurowings subsidiary

Sat, 06/22/2019 - 06:30
German airline Lufthansa will speed up cost cutting to try to boost productivity at its low-cost Eurowings subsidiary as it battles to defend market share in a competitive European market, chief executive Carsten Spohr has said.

European Union pushes for eurozone budget funding plan

Sat, 06/22/2019 - 06:18
EU finance ministers must sort out the sources of financing for a future eurozone budget as a matter of priority, EU leaders told their finance ministers yesterday, but remained vague on the idea of a European deposit insurance scheme (Edis).

Tighter cryptocurrency rules on way

Sat, 06/22/2019 - 06:15
Cryptocurrency firms will be subjected to rules to prevent the abuse of digital coins, such as Bitcoin, for money laundering, a global watchdog has said, marking the first worldwide regulatory attempt to constrain the rapidly growing sector.

Nearly €900m of SME bank loans judged vulnerable to downturn

Fri, 06/21/2019 - 18:20
More than 7% - or nearly €900m - of SME loans currently on the books of the country's main banks have been deemed as being "highly vulnerable" by the Central Bank.

'For Sale' Irish oil firm sees drop in annual production

Fri, 06/21/2019 - 18:17
Production levels at one of the flagship assets being firmed up for a potential sale by Irish exploration company PetroNeft Resources decreased last year, new figures show.

Planning permission for 197 residential units in Co Galway overturned in High Court

Fri, 06/21/2019 - 16:15
The High Court has overturned a Bord Pleanála "fast track" strategic housing approval for a 197 residential unit development in Bearna, Co Galway.

Ireland fourth most expensive in EU for food and drink, according to Eurostat

Fri, 06/21/2019 - 16:10
Ireland is among the most expensive countries in Europe in terms of buying food and drink.

Bank of Scotland fined £45.5m by UK watchdog

Fri, 06/21/2019 - 14:14
In 2017, a group of six bankers, including two former HBOS employees, were jailed for their involvement in a £245m loan scam.

Bank of England chief dismisses Johnson’s claims over ‘standstill’ after no-deal Brexit

Fri, 06/21/2019 - 10:30
Boris Johnson has claimed the UK can move to a standstill trading arrangement without a Brexit deal under Gatt 24 of the WTO treaty.

Mitsubishi Motors shareholders approve ousting of Ghosn

Fri, 06/21/2019 - 09:48
Carlos Ghosn was arrested on financial misconduct charges last year.

Dublin Airport to receive €350m boost

Fri, 06/21/2019 - 07:40
€350m is to be invested in Dublin Airport.

Airbus seeks 737 Max chance

Fri, 06/21/2019 - 07:00
'>Airbus has called for a chance to compete for a blockbuster plane order by Aer Lingus and British Airways-owner IAG, which stunned industry executives at this week’s Paris Airshow by ordering 200 of Boeing’s grounded 737-Max planes.

Oil up 5% on US-Iran tension

Fri, 06/21/2019 - 06:30
Oil soared more than 5% higher yesterday after Iran shot down a US military drone, raising fears of a military confrontation between Tehran and Washington.

Sterling drops as Bank of England cuts UK growth tip to zero

Fri, 06/21/2019 - 06:27
The Bank of England has cut its growth forecast for Britain’s economy to zero for the second quarter of 2019 on and has highlighted risks from global trade tensions and growing fears of a no-deal Brexit.

ECB hits out at bank bonuses

Fri, 06/21/2019 - 06:00
'>Several eurozone banks are falling short of the European Central Bank’s expectations by paying bonuses in cash, which fosters a short-sighted approach to management, the ECB’s top supervisor Andrea Enria has told a conference in Dublin.