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Number of new homes built jumps by 30%, CSO figures show

Economy
Eoin Burke-Kennedy
August 21, 2018, 16:09

Agency’s ‘new dwellings completion’ series indicates pick-up in residential construction

Temporary employment contracts accounted for 80 per cent of contingent workers and have not shown any significant signs of increasing in recent years, the ESRI report found.

Gig-a-bite: Part-time working at pre-recessionary levels, study finds

Economy
Eoin Burke-Kennedy
August 21, 2018, 11:25

‘Gig economy’ not as extensive as reports have suggested, study indicates

Deputy chief executive of Norges Bank Investment Management, Trond Grande, speaks during the presentation of the Government Pension Fund Global second quarter of 2018 press conference at Norges Banks headquarter in Oslo. Photograph: Getty Images

Norway’s $1 trillion wealth fund generates €20bn return in second quarter

Economy
August 21, 2018, 11:07

Helped by rally in US markets and energy stocks fund delivers handsome return

Budget collage

Budget 2019: New 43% income tax rate could raise €433m

Economy
Fiona Reddan
August 21, 2018, 09:50

Revenue has calculated yield of third tax rate on those earning €80,000 and more

Italy’s national debt may swell by €9.4bn if toll roads are nationalised

Economy
August 21, 2018, 08:00

A termination of Autostrade’s contract would force state to take over liabilities

The scale of the so-called gig economy isn’t as significant as some reports suggest, according to a new study by the ESRI.

Higher tax rate calculations, assessing the gig economy and uncorking Irish wine sales

Economy
Michael McAleer
August 21, 2018, 06:47

Business Today: the best news, analysis and comment from ‘The Irish Times’ business desk

Minister for Finance Paschal Donohoe has much to ponder as he frames Budget 2019. Photograph: Tom Honan

Revenue does its budget sums

Economy
August 21, 2018, 04:00

Cantillon: Introducing a third rate of income tax of 43 per cent would generate €433m from the 314,350 taxpayers earning €80,000 or more

The new five and ten Bolivar Soberano (Sovereign Bolivar) bills. As it tries to curb hyperinflation - which, by some measurements, is the worst in Latin American history - the government is also slashing fuel subsidies and raising the minimum wage by 3,000 per cent.

Venezuela lops five zeros off the bolívar to halt economic collapse

Economy
Gideon Long
August 20, 2018, 20:12

Currency devalued by 95 per cent and redenominated in effort to curb hyperinflation

Should Minister for Finance Paschal Donohoe look to keep more people out of the 40 per cent tax net he could widen the tax bands, and adjust them for inflation. Photograph: Nick Bradshaw

Budget 2019: More than 120,000 extra set to pay tax at higher rate

Economy
Fiona Reddan
August 20, 2018, 20:09

Workers set to move on to higher tax bands unless Government makes move in budget

The renewed US sanctions took effect in August, after the US pulled out from the nuclear deal in May.

French oil giant Total pulls out of Iran after US sanctions

Economy
August 20, 2018, 16:18

Iranian oil minister Bijan Zanganeh says gulf state ‘looking for an alternative’

Georgia Pavlioti, who lost her job during the debt crisis, in her home in Athens. “We are just surviving, not living.” Photograph: Eirini Vourloumis/The New York Times

Greece’s bailout is ending but the pain is far from over

Economy
Liz Alderman
August 20, 2018, 07:24

With more than a third of the population of 10 million in near poverty, workers say they are ‘just surviving, not living’

Former Paddy Power Betfair chief executive Breon Corcoran (R) saw his salary increase 105% before he left the bookmaker. Photograph: Eric Luke

Top Irish CEOs earn 33 times more than their average employees

Economy
Peter Hamilton
August 20, 2018, 07:18

The average salary of Iseq 20 boss has risen to €1.88m, according to new figures

Property asking prices tumbled in the UK in August. Photogarph: Yui Mok/PA Wire

UK home prices dip with London leading ‘late summer sale’

Economy
August 20, 2018, 06:44

Property sellers are offering the deepest summer price cuts on record

The biggest percentage gainer was former Paddy Power Betfair chief executive Breon Corcoran whose remuneration package rose 105.7 per cent. In the year he left the betting company Mr Corcoran, now the chairman of Bank of Ireland, received €3.2 million

CEO pay in Ireland on the rise, economy to grow by 5.7%, and a rural broadband option

Economy
Michael McAleer
August 20, 2018, 06:30

Business Today: the best news, analysis and comment from ‘The Irish Times’ business desk

Akasya shopping centre, Istanbul. When it opened in 2014, a metro stop and dedicated cross-city bus line were opened nearby to allow shoppers more easily reach its 257 stores.

Turkey’s real problems are tied to political meddling by Erdogan

Economy
Stephen Starr
August 20, 2018, 03:45

Deteriorating relations with US and the actions of market speculators highlight precarious economic position

People cross an Istanbul street beneath a billboard advertising the Apple iPhone X. President Erdogan has indicated that Turkey will boycott US electronic goods, including Apple products. Photograph: Getty Images

As economy worries mount, Turkey prepares to battle it out

Economy
Stephen Starr
August 20, 2018, 02:35

President Erdogan turns ire on ubiquitous iPhone, symbolic of muscular US trade policy

A man holds an anti-Brexit banner on Westminster Bridge in London. File photograph: Yves Herman/Reuters

Economy set to grow despite external threats, says Ibec

Economy
Charlie Taylor
August 20, 2018, 02:05

As UK set to outline plans for no deal, survey finds Irish businesses unprepared for Brexit

Athens is set to exit its latest bailout on Monday and rely on bond markets thereafter to refinance its debt after a near nine-year debt crisis that shrank its economy by a quarter. Photograph: Getty Images

Athens on post-bailout watch, but can be ‘success story’

Economy
August 19, 2018, 20:06

‘Greece is exceptional. It has received much more loans from us than any other country’

Three new courses should be compulsory for all students. They should be taught philosophy, curiosity and how much is enough. Photograph: Armend Nimani/AFP/Getty Images

We should educate our children about how much money is enough

Economy
Chris Johns
August 19, 2018, 12:52

Chris Johns: Some of the most miserable people I know have lots of money

Martin Shanahan, chief executive IDA: Sunday Business Post reports more than three dozen grants of millions of euro were made by the government agency to foreign multinationals in return for jobs

Seen and heard: IDA paying US giants for jobs and consumer sentiment wavers

Economy
Michael McAleer
August 19, 2018, 12:24

Amazon eyes UK Homebase stores and Ford warnings over Brexit

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Most Read in Business

1 Budget 2019: New 43% income tax rate could raise €433m

2 Apple to release new low-cost laptop

3 American Airlines to fly Dublin-Dallas next summer

4 Number of new homes built jumps by 30%, CSO figures show

5 Slack raises $427m in financing

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Bank of Ireland to sell first set of ‘bail-inable’ senior bonds 17:13

Sweet deal: Valeo Foods pays £100m for maker of Fruit Salads and Dip Dabs 17:01

American Airlines to fly Dublin-Dallas next summer 16:49

Ryanair customers able to book onward flights from Malta 16:34

Slack raises $427m in financing 16:13

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Sacking staff is difficult but let’s be adult about it

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We should educate our children about how much money is enough

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