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The number of termination notices received by the Residential Tenancies Board in the first half of the year rose by 58%, compared with the latter half of 2021. Almost 3,000 notices of termination were received in the first half of 2022, compared to over 1,800 in the final six months of 2021. According to RTB…

Spending on groceries, restaurants and fuel is increasing month-on-month, according to banking app Revolut, as consumers prioritise while inflation surges. In contrast, spending on clothes shopping, and leisure activities such as sports clubs and cinemas has dropped. Supermarket spending was up 6.6% per consumer in July, compared to June. However, looking back since last year,…

Three ships loaded with grain, one of which is bound for Ireland, have left Ukrainian ports under a recently concluded safe passage deal, the Turkish defenсe ministry said. The first grain ship to set sail from a Ukrainian port since the start of the Russian invasion, departed Odesa on Monday. “We expect that the security…

Lidl Ireland has removed its mandatory retirement age clause for current and new employees from today. This means the company will give all employees the option to continue working beyond the age of 65. The retailer said its decision will allow the company to attract more “mature” and “life-experienced” talent, as well as offering more…

Oil prices rose today, bouncing off their lowest levels since February in the previous session, as supply shortage concerns were enough to cancel out fears of slackening fuel demand. Brent crude rose 55 cents, or 0.6%, to $94.67 a barrel early this morning while US West Texas Intermediate crude was up 65 cents, or 0.8%,…

Growth in the country’s services sector picked up in July, amid a sharp uplift in new work. The AIB Services PMI rose to 56.3 last month, from 55.6 in June, though this was still below the May reading of 60.2. Readings above 50 indicate overall growth in activity. By comparison, the flash July Services PMI…

UN Secretary-General Antonio Guterres has called for taxation on windfall profits of oil and gas companies to ease the impact of the global energy crisis on the most vulnerable people. “It is immoral for oil and gas companies to be making record profits from this energy crisis on the back of the poorest people and…

Consumers in the euro zone are bracing for the economy to shrink and for high inflation to continue eating into their income in the next year, a European Central Bank survey shows. The Consumer Expectations Survey is used by policymakers for input in their deliberations and was published today for the first time. It showed…

OPEC+ might have to raise oil production to avoid market overheating, OPEC+ member Kazakhstan said, as the group of oil producers meets amid US pressure to add barrels to the market while most members have already exhausted their output potential. “We have always said that the preferred price corridor is $60-80 per barrel. Today the…

Bank of Ireland has reported an underlying profit before tax of €419 million for the first six months of 2022. It was down on the €465 million reported at the same time last year. Net profit of €279 million was down from €341 million for the same period last year. The bank recorded an impairment…