European stocks fell as turbulence in oil markets undermined risk appetite

In Dublin, Ryanair closes near all-time high amid talk of another share buyback

Isme has called for prudence in the ongoing public-sector pay talks. Photograph: Lauren Hurley/PA Wire

Widening pay gap prompts warning about public sector talks from business lobby group

Central Bank’s chief economist Gabriel Fagan will step down in the fourth quarter. Photograph: Alan Betson

Fagan played key role in shaping bank’s macroprudential policy

“For the first time in the history of our conference, we have a delegation coming from the industry in China,” Pat Lardner, chief executive of Irish Funds said. Photograph: Justin Farrelly

Delegation of top Chinese fund managers at Dublin industry event

Businesses moving goods across the Border face a €100 bill as a result of Brexit. John McNamee is pictured at an anti-Brexit protest earlier this year. Photograph: Dara Mac Dónaill

BDO partner Carol Lynch tells Oireachtas committee of possible compliance headaches

Agri-services group says underlying revenue rose 4.1% to €548m in third quarter

Minister for Finance Michael Noonan speaks with European Central Bank president Mario Draghi in Brussels on Monday. Photograph: Jasper Juinen/Bloomberg

Irish Ministers hold two days of discussions with EIB official in Luxembourg

Ireland’s meat industry is uniquely exposed to Brexit, and Dunbia’s considerable presence in the UK provides Waterford-based Dawn with a Brexit buffer as well as cementing its UK supply chain. Photograph: Edgard Garrido/Reuters

Partnership will also see Dawn Meats acquire Dunbia’s two operations in the Republic

Employment in Ireland’s construction sector rose by 8.5 per cent or 11,100. Photograph: iStockPhoto

Largest rate of employment increase seen in the information and communications sector

The European Commission  said efforts to broaden the Irish tax base had been limited, while recent tax measures had been focused on cuts and reliefs.

Ireland now at risk of deviating from its budgetary targets in 2018, says commission

The 3.6GHz spectrum developments follow a competitive auction process overseen by regulator Comreg. Photograph: Brent Lewin/Bloomberg

Successful bidders in Comreg auction were Imagine, Vodafone, 3 Ireland, Meteor and Airspan

One of Michael Noonan’s greatest coups was securing a deal on the promissory notes in 2013. Photograph: Eric Luke

From bailout to fastest-growing state in Europe, with a few controversies along the way

Dalata group: Deputy chief executive in charge of business development and finance Dermot Crowley,  chief executive Pat McCann   and deputy chief executive Stephen McNally. Photograph:  Maxwells

Hotel group also announces acquisition of freehold interest of Maldron Hotel Portlaoise

Azon partner Caroline Bruno: firms are gearing up for a war on talent

Study also suggests proximity to airport is key priority for incoming executives

The Reformulation Project report found that  between 2005 and 2012, the salt content of the products analysed had been reduced by 37 per cent while sugar content fell by 14 per cent. Photograph:  Joe Raedle/Getty Images

Companies respond to public health concerns by reducing levels of salt, fat and sugar

Accenture and Department of Social Protection launch ‘Skills to Succeed Academy’

Patrick Coveney: said Ireland, in terms of its collective response to Brexit, had done a much better job in thinking through the possible economic consequences than Britain

Greencore boss Patrick Coveney warns of risks if Britain pursues cheap food policy

Minister for Foreign Affairs and Trade Charlie Flanagan and Michel Barnier, the EU’s chief Brexit negotiator, with farmer Brian Burgess on his cattle farm in Co Monaghan, near the border with Armagh. Photograph: Julien Behal

French farmers are afraid of cheap food entering EU via Northern Ireland after Brexit

Ryanair’s modest reversal in the context of a sector-wide decline was viewed as positive by traders. File photograph: Bryan O’Brien/The Irish Times

In Dublin, Ryanair falls following bigger-than-expected losses at rival EasyJet

Moody’s maintained Ireland’s sovereign debt rating at an A3 level, noting the improving trend in economic growth and public finances were likely to continue in the medium term. Photograph: Scott Eells/Bloomberg

Ratings agency warns acceleration in house prices needs to be monitored carefully

Containers stacked at Hamburg port: the EU accounted for €5.4bn or 49 per cent of total goods exports in March.  Photograph: Focke Strangmann/EPA

Trade figures boosted by pick-up in exports of medical and pharmaceutical products

Taoiseach Enda Kenny at the Enterprise Ireland strategy document launch in Dublin on Monday. Photograph: Cyril Byrne

Enda Kenny expected to address the leadership issue at a party meeting on Wednesday

Enterprise Ireland chief executive Julie Sinnamon: “We have to work on the basis that Brexit will create new barriers to Irish trade with the UK.” Photograph: Dara Mac Dónaill

Client companies record big drop in UK export growth in 2016 as sterling depreciates

Clothing and footwear costs down 4.3 per cent. Photograph: Dominic Lipinski/PA Wire

Inflationary pressures ‘well contained’ despite rises in air fares and fuel prices

KBC  added nearly 17,000 new Irish customer accounts in the first three months. Photograph: Bryan O’Brien

Irish subsidiary of Belgian financial group bolstered by net €50m writeback in first quarter

Kerrygold saw record retail sales of €900 million in 2016. (Photograph: Clare Keogh)

Ornua chief executive Kevin Lane warns Ireland’s dairy industry is in for rough ride

Paul Hamill of Citadel Securities: “The strength of the Dublin environment creates competitive forces, where you get good people and growing businesses.” Photograph: Mike Blake/Reuters

US firm says decision to be based here is part of its global strategy and unrelated to Brexit

The median expectation for house price growth over the next three years has been  put at 15%  nationally

Property professionals pinpoint lack of supply as the main driver of price growth

Face-to-face expenditure fell for the seventh successive month, by 0.7 per cent in April, according to new figures from Visa. Photograph: Ben Stansall/AFP/Getty Images

Visa’s latest spending barometer indicates only modest rise in year-on-year spending

Exchequer returns last week indicated the tax take for the first four months of the year was 2.4%, or €344m, behind target. Photograph: Getty Images

Officials in meeting with Revenue amid concern poor tax trend may derail budget plan

In its latest economic outlook Davy  predicts that GDP will grow 5%  in 2017, up from a previous forecast of 3.7%. Photograph: Getty Images

Davy upgrades forecasts on foot of positive indicators and falling unemployment

Mary Mitchell O’Connor: “CAE Parc Aviation has had a very active relationship with Enterprise Ireland’s overseas office network over the years, participating in several international trade events.” Photograph:

CAE Parc says posts will be for recruitment consultants to service the needs of airlines

There are wildly varying figures for new house builds. Which one to believe?

Both telcos are competing for Government’s national broadband scheme

Aisling Dodgson of Investec, Pat Byrne, CEO of Cityjet, Philip Shaw of Investec UK and Gabriel D’Arcy, CEO of LacPatrick Dairies at an Investec briefing, Brexit Battleground: Insights from the Frontline, in Dublin.  Photograph: Conor Healy

Investec’s chief UK economist Philip Shaw says two-year timeline is ‘unachievable’

Governor of the Central Bank Philip Lane: Mortgage measures will be reviewed each November. Photograph: Niall Carson/PA Wire

Comments come despite string of indicators pointing to big pick-up in house prices

The Department of Finance has said it is ‘not at the point where we are worried’ about the public finances following disappointing exchequer figures. File photograph: iStock

Exchequer returns confirm downward trend as figures €344m below target

The number classified as unemployed fell by 4,800 to 135,800 in April, equivalent to an annual decrease of 47,300

On current trends unemployment may fall below 6% before the end of this year

New CSO research also reveals dominance of US foreign direct invesment in Ireland

The recent financial crisis saw real weekly earnings drop by 4 per cent from €642 in 2008 to €616 in 2011

New CSO data series provides insight into shifting fortunes of Irish workers

Stuart Harbinson, trade policy adviser and former WTO chief of staff: food safety standards are likely to be an issue in any future US/UK trade deal.

Stuart Harbinson believes UK will forge free trade deal with EU as market worth €600bn

Niall Cody of the Revenue Commissioners: the business tax base is “concentrated and volatile”.  Photograph: Aidan Crawley

Report highlights Ireland’s reliance on a small number of multinational firms

Siobhán Talbot, group managing director of Glanbia:  “Glanbia delivered good revenue growth in the first three months of 2017.” Photograph: Aidan Crawley/Bloomberg

Kilkenny-based food group boosted by recovery in global dairy prices

 Shattered windows on a ghost estate in  Gorey, Co Wexford. Photograph: Garry O’Neill

About 30,000 ghost-estate homes have entered housing stock in past six years

US president Donald Trump has promised to overhaul the US tax code by slashing corporate taxes from 35 per cent to 15 per cent. Photograph: Kevin Lamarque/Reuters

US corporate tax cut could damage or mothball investment, say consultants

Minister for Finance Michael Noonan with Central Bank governor Philip  Lane at the  new Central Bank Building in Dublin’s docklands. Photograph: Dara Mac Dónaill

Minister says May/June window still gives Government plenty of time to avoid UK poll

Ibec  highlighted the  volatility in the State’s corporation tax take, with reports that just 10 firms paid 50%  of Ireland’s total corporate tax take last year. Photograph: Getty Images

Employers’ lobby sees impact of US tax reform as bigger threat to business

IFA president Joe Healy: “The importance of agriculture being treated as a priority [in Brexit talks] can’t be overstated. These are real issues, affecting thousands of livelihoods.”Photograph: Alan Betson/The Irish Times

Some question whether president Joe Healy forceful enough to drive association’s agenda

The number of new homes built in the State last year was just 2,076, a fraction of the Government’s 15,000 estimate, according to new figures. Photograph: Reuters/Neil Hall

Freedom of Information figures show new homes falling far short of Government’s 15,000 estimate

The Dow Jones Industrial Average was down 23.31 points, or 0.11 per cent, in early trade on Friday. Photograph:  Bryan R Smith/AFP/Getty Images

Euro edges lower against dollar as investors brace for first round on Sunday

Food and ingredients group blames modest increase in production on lower milk prices

In Dublin, house prices climbed by 8.3 per cent in the year to the end of February.

Latest figures cast further doubt on Government figures for supply of new homes

A trader holds a ten pound sterling notes as a customer pays for goods at Whitechapel Market in east London. Photograph: Getty Images

Prime minister’s gamble has removed some uncertainties, but added new questions

Comreg to survey handset quality and network coverage to inform consumers

A sign at Sandyford Luas depot last year as drivers continued their strike. Photograph: Cyril Byrne

Wage demands threaten to overwhelm the Government’s budgetary balancing act

Eir wants the cost of providing rural phone services, which it estimates to be about €10 million a year, shared among providers. Photograph: Cyril Byrne

One of the largest fines on record levied for breaches on repair times and connections

Dairygold chief executive Jim Woulfe: “Basically we reduced the level of profitability to allow us to increase the milk price that we could pay”

Farmer-owned dairy processor is largest exporter of cheddar cheese to the UK

While Budget 2018 is expected to allow for a €1.2bn budgetary adjustment, the real room for manoeuvre could be as little as €570m. Photograph: Getty Images

Pressure on the public finances is expected to increase in the run-up to Budget 2018

The Department of Finance  warned that Brexit and changed policy  in the  US meant  “a continuation of robust economic expansion cannot be taken for granted”

Department of Finance forecasts will see unemployment rate fall well below 6%

Avril Moran with her brother and father outside their garage in Legan, Co Longford. Legan is officially the slowest area for broadband in the State, based on recent speed tests.

Longford garage owner says her firm is suffering due to a lack of high-speed internet

Only 33,436 housing units were constructed in Ireland between 2011 and 2016, compared to 431,763 dwellings built between 2001 and 2011. Photograph: Cathal McNaughton/Reuters

Latest census figures reveal near-complete collapse in home building since crash

CSO figures show the number of claimants in March fell to the lowest level since 2008. Photograph: Alan Betson

CSO figures show number of claimants signing on fell by nearly 4,000 last month

Former Aer Lingus boss Christoph Mueller. Photograph: Reuters/Joe Skipper

Ex-Aer Lingus boss said to be lead candidate to succeed James Hogan at the airline

1 Grand Canal Square in Dublin’s Docklands

Chicago-based firm plans to hire 50 people for front-office operation

Aurivo CEO Aaron Forde: “In what was a challenging and volatile year, we are pleased to announce a robust performance by Aurivo across all facets of its business in 2016”

Full-year results show revenues declined in a ‘volatile year’

Minister for Finance Michael Noonan: acknowledged the tax receipts were slightly behind expectations for the year to date. Photograph: Jasper Juinen/Bloomberg

Irish brokers divided over whether change in Government’s finances temporary

Tommy Breen will stand down from his position and from the board following the company’s annual general meeting in July. Photograph: Dave Meehan/The Irish Times

Breen leaves after nine years in charge as company eye Asian energy market

Minister for Communications Denis Naughten (right) with the CEO of Eir Richard Moat in Ardnanure, Co Roscommon. Mr Naughten confirmed an additional 300,000 homes and businesses would have access to high-speed broadband offering 1,000Mb/s within 90 weeks. Photograph:

Sinn Féin TD says Eir has ‘cherrypicked’ large areas with its new fibre product

Minister for Finance Michael Noonan. The latest exchequer returns show Revenue collected €11.5 billion for the first three months of the year.

Returns show tax revenue was 2.4 per cent below projections for first quarter of 2017

The CSO numbers show the unemployment rate for men was 6.9 per cent in March, while the jobless rate for women was 5.8 per cent. Photograph: Lauren Hurley/PA Wire

Latest figures show State’s jobless rate is three points below euro-area average

Minister for Communications Denis Naughten: bringing memo to Cabinet confirming an agreement has been signed with Eir to deliver high-speed broadband to 300,000 premises by the end of 2018. Photograph: Alan Betson

Naughten to warn Cabinet of potential legal proceedings over deal with telecoms group

The average price of a home in the State is now nearly six times the average income, according to Davy economist Conall Mac Coille. File photograph: Daniel Leal-Olivas/PA Wire

New surveys show a sharp pick-up in house prices in the first three months of the year

Izzy Wheels came up with the idea of creative spoke guards to allow wheelchair users to express themselves. Photograph: Shane O’Neill Photography

‘Until now wheelchair users have been made feel ashamed or even embarrassed of their ugly equipment,’ say pair behind Izzy Wheels (...)

Minister for Housing Simon Coveney: still hoping housing supply can be brought up to the Government’s target level of 25,000 in two to three years, but demand may be nearly double that. Photograph: Eric Luke

Double-digit house price inflation indicates flaws in build rate and help-to-buy scheme

 CIF director general Tom Parlon: “Without infrastructure, Brexit will have a worse impact”. Photograph: Bryan O’Brien

Construction industry body highlights disparity in levels of state investment

New social housing in Beaumont, Dublin:   regulations were overhauled in 2015. Photograph: Alan Betson

Part V rules require developers to set aside 10% of new builds for affordable housing

The Government is expected to stump up about half the cost of the National Broadband Plan here, which could be between €1 billion and €1.5 billion

Three companies – Eir, Siro and Enet – are vying for the lucrative State contract

Some 72 per cent of entrepreneurs cited Ireland’s personal tax rate as the single biggest “inhibiting factor” to establishing and growing a business here.

EY survey finds tax, labour cost and competition for skilled staff remain challenges

MyHome’s report said annual house price inflation is running at 9 per cent nationally and at 10.2 per cent in Dublin, while the Daft report said  prices rose by an average of 4.3 per cent during the first three months of the year

MyHome report suggests annual house price hike is running at 9% nationally and at 10.2% in Dublin

Workers unload packed meat from a truck in Sao Paulo, Brazil.

Irish farmers’ group ramps up campaign against Brazil food imports

In the four major cities and across Leinster (excluding Dublin) , the average increase in prices in the first three months of 2017 was €10,000. Photograph: iStock

Daft report highlights record low number of properties on market

Photograph: Brenda Fitzsimons

EU research reveals Ireland has highest greenhouse gas emissions per euro of output

 There could be Visa card problems early next week, depending on the arrangement with individual banks, if the entire backlog of transactions stalled by the three-day suspension is not processed. Photograph : Matt Kavanagh

Company says technical glitch did not affect ability of consumers to use cards

Fianna Fáil leader Micheál Martin: Investec noted Ireland was the fastest-growing economy in the European Union for the third successive year. Photograph: Colin Keegan, Collins

Stockbroker says incentive for opposition to bring down administration has reduced

The uncertain economic outlook has meant consumers have remained relatively cautious, the latest KBC Bank Ireland/ESRI sentiment index said. Photograph Nick Bradshaw

Consumers remain relatively cautious, latest KBC Bank Ireland/ESRI report suggests

“Early action by business owners remains imperative for successful restructuring,” says David van Dessel, Deloitte’s head of restructuring services. Photograph: PRNewsFoto/Deloitte

Deloitte says insolvencies down 13%, with majority taking place in service sector

Karl Whelan: The UCD economist questioned whether the Trump administration had the competency to get tax reforms through the US Congress. Photograph: Brenda Fitzsimons

Trump border adjustment tax might curb contract manufacturing, says Karl Whelan

Cormac Devlin, chairman of Dún Laoghaire-Rathdown County Council, with Colm Brady, managing director of GoCar. Photograph: Colm Mahady/Fennells

Council teams up with car-pooling firm amid pick-up in demand and success in Dublin city

A trader works on the floor of the New York Stock Exchange. Gains in energy and consumer discretionary stocks propped up the S&P 500 and the Nasdaq on Wednesday. Photograph: Brendan McDermid/Reuters

Euro slips after Reuters report on wariness of European Central Bank policymakers

FBD chief executive Fiona Muldoon: said there was no upside to Britain’s decision to leave the European Union. Photograph: Alan Betson

Company bosses believe UK move to exit EU will have negative consequences for Ireland

Tax take: Even as late as 2008, with signs of a major economic reversal on the way, the then government increased income tax credits, effectively cutting the tax burden, says the ESRI. Photograph: iStockPhoto

Research finds discretionary tax policy was relatively revenue-reducing in 2000s

A Volvo  at the Bangkok International Motor Show: retail sales fell by 0.5 per cent in February on the back of a near 6 per cent slide in car sales. Photograph: PA/Narong Sangnak/EPA

When poor car sales taken out of CSO figures it switches to a 5.9% increase year-on-year

WOW  plans to operate flights from Dublin and Cork  to Chicago’s O’Hare airport four times a week from July

Low-cost Icelandic airline will operate flights from Ireland to O’Hare airport from July

The 16 top European banks operating in Ireland examined by the report paid an average effective tax rate here of no more than 6 per cent. Photograph: Yves Herman/Reuters

Oxfam report claims 16 of Europe’s top 20 banks booked profits here in 2015

The average semi-detached house nationally now costs €209,944, up 3.5 per cent on the previous quarter, according to the Real Estate Alliance. Photograph: Gareth Fuller/PA Wire

Real Estate Alliance survey highlights price growth linked to lending rules relaxation

Investors turned to the havens of gold and sovereign bonds, as market measures of volatility sprung to their highest levels of the year. Photograph: Spencer Platt/Getty Images

Global stocks retreat, US banks slide and the dollar index falls under the pressure

“High-speed broadband is vital for regional development, and the Government is delivering on its promise to address Ireland’s connectivity challenges.” Photograph: Getty Images

Free one gigabit broadband connection will be available in 15 towns across Ireland

Oliver Callan as Donald Trump at the launch in Dublin of Lottoland: the Gibraltar-based firm  generated  €300m in revenue last year

Uber-style Lottoland allows customers to play in draws in countries around the world

The Government is expected to stump up approximately half the cost of the National Broadband Plan, which could run to between €1 billion and €1.5 billion

Department to significantly reduce size of intervention area after agreement with Eir

The New York Stock Exchange. US stocks rose in early trading on Thursday as investors snapped up beaten-down bank stocks ahead of a vote on a healthcare bill that is seen as president Donald Trump’s first policy test. Photograph: Spencer Platt/Getty Images

US markets in holding pattern ahead of Congress vote to dismantle Obamacare

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