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The European Central Bank has room to cut interest rates possibly two more times this year as inflation remains broadly on the declining path policymakers envisaged, ECB policymaker Martins Kazaks said. The ECB cut rates for the first time after a record string of hikes in June and markets expect a second move on 12…

The employment rate in Ireland has increased almost 3% to over 74%, while female participation is at a record high. New figures from the Central Statistics Office show that over 2.7 million people over the age of 15 and uder 65 were in employment between April and June. That is 71,000 more than the same…

Almost a third of businesses in Ireland have money put aside to pay for ransoms arising from ransomware attacks, a new survey has found. Half of the firms surveyed admitted their defences had been breached by a ransomware attack in the last year. While more than half said they had fallen victim to social engineering…

Euro zone business activity showed surprising strength in August despite firms raising prices, a survey showed, potentially weakening expectations for two more rate cuts from the European Central Bank this year. However, the recovery was mixed as a strong rebound in the bloc’s dominant services industry offset a deeper downturn among manufacturers. HCOB’s preliminary composite…

Parents of young adults attending third-level expect it will cost them €9,511 this year, when in reality if the student is living in rented accommodation they will need €16,100 – almost double the figure five years ago, new research has found. However, if the child is living at home while going to college, the cost…

Rising global trade tensions and direct competition for Foreign Direct Investment from large economies is already challenging Ireland’s growth potential. This is according to business group, Ibec, which is calling for a renewed focus on the economy’s long-term potential sources of growth. In its latest economic outlook, the group notes that the economy is showing…

The planning application by Dublin airport operator, daa, to raise the current 32 million passenger a year cap at Dublin airport to 40 million passengers has been hit by a fresh planning delay. This follows Fingal County Council granting daa a three month extension to the deadline by which it needs to submit a response…

Microbusinesses with three or less employees are under severe pressure, particularly when it comes to profitability, a new survey has found. Three out of every 10 are not optimistic about trade in the third quarter of the year, tipping them into loss-making territory for the first time since the pandemic, according to the research. The…

Demand for gas increased by almost 6% in July when compared to the previous month, new data shows. The report from Gas Networks Ireland shows that demand was up 3% on the same month last year. Gas was the largest contributor to electricity generation, generating 45%. This was up from 42% in June, and down…

Grocery price inflation has picked up for the second month in a row, according to the latest figures from Kantar. Prices were 2.8% higher in the 12 weeks to the 4th August – compared to a 2.6% rise in prices in the 12 weeks to 7th July. The increases follow 15 consecutive months of easing…