Business News
Irish mortgage interest rates fell to their lowest rate in over two years in May, according to new figures from the Central Bank. The average rate for the month was 3.66% on new mortgages, which was down slightly on the April rate of 3.72%, and over half a percentage point lower than for May 2024…
Read MoreMarkets are “shaken but definitely not stirred” by the latest US tariff threats, according to financial analysit Danni Hewson. On Tuesday the White House confirmed that the high tariffs on imports from most countries – which were due to come into effect on 9 July – would be delayed until 1 August. That was to…
Read MoreThe European Union is working closely with US President Donald Trump’s administration to reach a trade deal, but Brussels is getting ready for all scenarios, European Commission President Ursula von der Leyen has said. Addressing the European Parliament this morning, she said the EU will “stick to our principles.” “We defend our interests, we continue…
Read MoreIreland’s national income, a key measure of economic growth, rose by 4.8% last year according to the latest figures from the Central Statistics Office. The figure, which excludes the effect of multinationals, compares to growth of 5% a year earlier. The figures mean that the economy continued to enjoy robust growth last year. Personal spending…
Read MoreUS President Donald Trump has said he is planning to announce tariffs on imported semiconductor and pharmaceuticals, saying the rate for medicines could reach 200% but that he would give drugmakers about one year “to get their act together”. “We’re going to give people about a year, a year and a half to come in…
Read MoreA national campaign has been launched to raise awareness of the new pension auto-enrolment scheme which is now called “My Future Fund”. The multimedia advertising campaign will inform people about how the new system will work, who can participate, and what it will mean for them. The scheme will be rolled out from 1 January…
Read MoreUS President Donald Trump has signed an executive order delaying the date on which so-called “reciprocal tariffs” affecting dozens of economies, including the EU, will take effect. The Wednesday deadline for steeper levies will be pushed back to 1 August, according to the order. Earlier, White House Press Secretary Karoline Leavitt told reporters the deadline…
Read MoreThe level of home building slipped for the second successive month in June, according to AIB’s latest Construction PMI report. AIB’s Ireland Construction Total Activity Index also posted below the 50 no-change mark for the second month in a row in June – falling to 48.6 in June from a reading of 49.2 in May.…
Read MoreAsking prices for houses and apartments are rising at 7% annually, according to the latest quarterly report by property website MyHome.ie in conjunction with Bank of Ireland. The report said asking prices outside Dublin are rising by 7.9% and prices in the capital are up 5.1%. According to the report, the average mortgage approved in…
Read MoreTánaiste Simon Harris has said the coming hours will be crucial ahead of Wednesday’s deadline for the end of the US “pause” on higher tariff rates. Mr Harris will spend much of the day engaging with officials and the EU Trade Commissioner as a final push is made to find a way forward between the…
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