News
ECB plan may shave millions off banks" interest income
11+ hour, 39+ min ago (369+ words) Analysts at Citigroup said on Tuesday that Revolut, despite its 3. 4 million customers in the Republic, is unlikely to prise much of the "170 billion in household deposits away from mainstream banks, which have been earning healthy returns by parking much of…...
Irish economy contracts by 7. 1% in first quarter as export surge unwinds
5+ hour, 48+ min ago (542+ words) The Irish economy contracted by 7. 1 per cent in the first three months of 2026 as the front-loading of exports linked to US tariffs unwound. This compares with a preliminary estimate of a 12 per cent contraction " in gross domestic product (GDP) terms…...
The 9% VAT rate has been welcomed by restaurants but does the hospitality sector actually need it?
1+ day, 1+ hour ago (195+ words) In the first half of this week's Inside Business, we debate the merits or otherwise of the now permanent 9 per cent VAT rate for the hospitality sector which kicked in on Wednesday. This followed a pledge in last year's budget…...
The Irish Times view on inward investment: strong trends but jobs growth may slow
21+ hour, 23+ min ago (248+ words) Against the backdrop of global political uncertainty, the half-year results from IDA Ireland provide some encouragement. Investment trends remain strong, despite the drive by US president Donald Trump to encourage US companies to establish new plants at home. Together with…...
Ifac's climate warning and what 90s nostalgia can do for your finances
1+ day, 11+ hour ago (289+ words) The last couple of weeks has put climate change firmly back at the top of the news agenda. Now the Government faces a warning from its own budgetary watchdog that failing to meet the State's climate targets could cost the…...
Rising living costs weigh on Irish holiday spending plans, survey finds
1+ day, 11+ hour ago (573+ words) There is little evidence of a strengthening in holiday spending trends among Irish consumers this summer, a new survey has indicated, with the "cumulative increase" in living costs over recent years weighing on spending plans. In its latest consumer sentiment…...
A 1990s summer could be good for your wallet
1+ day, 11+ hour ago (1633+ words) The 1990s have popular culture in a death grip. The fashion is back, Oasis have filled stadiums again, and Love Story " the Disney+ drama chronicling the real-life romance between John F Kennedy jnr and Carolyn Bessette " has become the platform's most…...
Irish inflation moderates to 3. 3% as Lane warns about second-round effects
2+ day, 5+ hour ago (323+ words) Headline inflation in the Irish economy moderated to 3. 3 per cent in June as global tensions eased and energy prices dropped. However, the latest barometer of price growth comes as European Central Bank (ECB) chief economist Philip Lane warned about knock-on…...
UK economy grew by 0. 6% at the start of 2026
2+ day, 9+ hour ago (214+ words) Britain's economy "grew by 0. 6 per cent in the "January-to-March period, as expected, "figures from the Office "for National "Statistics "(ONS) showed "on Tuesday. The ONS left growth unrevised for the first quarter of this year, but said gross domestic product…...
Policy discipline needed to tackle economic pressure points
2+ day, 12+ hour ago (486+ words) Global economic pressure points are complicating central banks" mission to preserve price and financial stability. Financial and fiscal fault lines may imperil economic progress and threaten future prosperity. The tide may turn on the artificial intelligence (AI) boom and more…...