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Thursday, December 26, 2024

Tag: Business

US Payment Services Firm Fined €324,240 for Breaching EU Safeguarding Regulations

BlueSnap Payment Services Ireland, a US-based payment services company operating in Ireland, has been fined €324,240 by the Central Bank for breaching European Union...

Ireland Hits Record High Employment Rate as Workforce Expands

Ireland's employment rate has reached a historic high, according to the latest data from the Central Statistics Office (CSO), marking a continued recovery in...

Bank of Ireland Announces Mortgage Rate Cuts for New and Existing Customers

Bank of Ireland has announced a 0.5% reduction in its mortgage lending rates, making it the latest lender to cut rates amid easing interest...

Survey Highlights Skills Shortages as Major Concern for Tradespeople

A new survey reveals that skills shortages, coupled with the high cost of recruiting skilled labor, are the primary concerns for tradespeople across Ireland....

Kerry Co-Op to Buy Kerry Dairy Ireland from Kerry Group in Deal Worth up to €500M

Kerry Co-operative Creameries has announced it has reached an agreement with Kerry Group to purchase its Consumer Foods Products and Dairy Ingredients business, Kerry...

Construction Sector Activity Declines in October, Despite Surge in Housing Development

Total construction activity in Ireland declined in October, despite notable growth in housing, according to the latest data from BNP Paribas Real Estate Ireland....

Germany Faces Economic Struggles Amid Political and Global Challenges

Germany, the world's third-largest economy, is currently facing severe economic struggles, ranking as the worst performer among the Group of Seven (G7) major economies....

Aer Lingus Reports Profit Drop Amid Market Pressures and Strikes, Highlights Future Expansion Plans

Aer Lingus has reported a significant decline in operating profits for the third quarter of 2024, posting €139 million, down €57 million from the...

Bank of England Cuts Interest Rates as Inflation Forecasts Rise

The Bank of England has lowered interest rates for only the second time since 2020, cutting the base rate by 0.25 percentage points to...

Over Half of Irish Businesses Now Use Renewable Energy, Survey Finds

A new survey has revealed that more than half of Irish businesses are now using electricity sourced from renewable energy, marking a significant shift...

High Court Grants Stay on Dublin Airport Passenger Seat Cap, Ensures Availability for Summer Travel

Dublin Airport is set to maintain its number of passenger seats next summer following a High Court ruling that granted a stay on the...

Tensions Rise Over Remote Work Policies as Companies Push for Office Returns

The debate over remote work is intensifying as companies reassess their workplace policies in the wake of significant changes brought about by the pandemic....

New Car Registrations in Ireland Increase in October, But Electric Vehicle Sales Decline

New data from the Society of the Irish Motor Industry (SIMI) reveals that new car registrations in Ireland rose by 9.7% in October, totaling...

Euro Zone Inflation Surges, Prompting Caution from European Central Bank

Inflation in the euro zone unexpectedly accelerated in October, raising concerns about the trajectory of price growth and influencing the European Central Bank's (ECB)...

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