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Oil prices rose by about 1% on Tuesday, erasing earlier losses, as the market awaited clarity on talks to revive a deal that could allow more Iranian oil exports, and bleak economic data from top crude buyer China limited gains. Brent crude futures rose 72 cents, or 0.8%, to $95.82 a barrel by 1219 GMT,…

Consumer prices rose by 9.1% in the year to July, the same level of inflation as in June, the latest Central Statistics Office figures show today. This marked the first time since the start of the year that price growth has not accelerated on a year-on-year basis, the CSO figures show. Inflation is standing at…

Public transport journeys and car traffic volumes in July were still below pre-pandemic levels. New data from the Central Statistics Office (CSO) show that public transport journeys in the week beginning 25 July 2022 were 80% of the number taken in the first week of March 2020. Bus journeys in Dublin were 78% of pre-Covid…

The value of services increased by 2% in June when compared to the previous month, according to new figures from the Central Statistics Office (CSO). The biggest monthly increases were recorded in the value of information and communication services, and accommodation and food services. Decreases were recorded in transportation and storage, other service activities, and…

The value of goods exported from Ireland rose by 31% in the first half of the year as the recovery from the pandemic gathered pace, new figures from the Central Statistics Office show. In total, goods worth €105bn were exported, up by €24bn on the same six-month period last year, marking a record first half…

Large levels of working from home (WfH) were induced by social distancing and viral control measures undertaken to mitigate the Covid-19 pandemic. Representing an unpredicted change in the way large amounts of people undertake their day to day work, it is expected that the legacy of this event will have wide-ranging and long-lasting results in…

Despite the warmer weather, Ireland’s gas demand in July was up 5% on the previous month, according to new figures from Gas Networks Ireland. When compared to the same month last year, when public health restrictions were in place, demand was up 10%. Gas demand increased by 95% in the air travel sector when compared…

Ireland has what is generally regarded to be quite a progressive personal taxation regime. In other words, those who earn most pay the most, while the taxation burden on those with average incomes and below is considered to be relatively low. Some would like to see an even greater contribution from the wealthiest, but there…

Residential property prices returned in June to levels not seen since the credit-fuelled peak of 2007, after rising 14.1% on an annual basis, new Central Statistics Office figures show today. The 14.1% year-on-year growth in June was down from 14.4% in May, cooling slightly for the third successive month, the CSO said. Today’s figures show…

The National Cyber Security Centre and the Garda National Cyber Crime Bureau are warning small and medium business owners of an increased threat of ransomware attacks. They also encouraged business owners to report the incidents to both the National Cyber Security Centre and gardaí. The National Cyber Security Centre and the Garda National Crime Bureau…