The new transatlantic cable will have the capacity for 200,000 simultaneous online movie downloads. Photograph: Andrew Matthews/PA Wire

A major fibre-optic system between New York and Mayo has been mooted for years but the initial $300 million (€279 million) investment is finally set t(...)

The cable will be the first fibre connection between Ireland’s western seaboard and the US. Photograph: Thinkstock

The western region is set for an economic boost after the promoters of a high-speed fibre-optic network between New York and Co Mayo secured funding f(...)

The Central Bank in Dublin.  Photograph: Matt Kavanagh

The European Central Bank has urged the Central Bank of Ireland to accelerate the sale of sovereign bonds it holds after Anglo Irish Bank’s collaps(...)

The Government is expected to announce its final mortgage arrears package at the end of the month, following the spring economic statement

The Government has received tacit backing from the EU Commission for an easing of tight fiscal curbs ahead of its spring economic statement later this(...)

The office block being built by Denis O’Brien at the junction of St Stephen’s Green and Earlsfort Terrace in Dublin. Photograph: Eric Luke/The Irish Times

The office market in Dublin is in a state of flux. As recovery deepens, inexorable laws are at work. Prices go up whenever rising demand meets a sh(...)

Greek finance minister Yanis Varoufakis speaking at the Brookings Institute in Washington on Thursday. Photograph: Paul J Richards/AFP/Getty Images

Talks between Greece and its creditors seem to be going nowhere. Amid doubt over its capacity to meet mounting debt obligations, financial markets are(...)

A female activist is carried away by  security personnel after an incident at the press conference of the European Central Bank in Frankfurt, Germany, yesterday. Photograph: Boris Roessler/EPA

Mario Draghi brushed off speculation about an early end to the European Central Bank bond-buying scheme as a young female protester defied security t(...)

The Central Bank in Dublin. The IMF’s revised Irish forecast figure is directly in line with the Government’s forecast in the October budget but way behind that of business lobby Ibec, which has said gross domestic product will grow this year by 5.4 per cent

The International Monetary Fund delivered a modest upgrade in its growth forecast for Ireland, saying the domestic economy will expand 3.9 per cent(...)

A tour bus in Athens drives past graffiti depicting ancient lawmaker Solon: Greeks may need his wisdom now as debt talks resume. Photograph: Alkis Konstantinidis/Reuters

The view that the euro zone could withstand a Greek exit is being questioned in banking circles, as one major institution warns that such a developm(...)

Paddy Power shares jumped almost 3 per cent to a new all-time high of €84.34.

The Irish market was little changed at the close, finishing down 0.09 per cent with the Iseq index at 6,232.29 as major world markets drifted ahead o(...)