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The biggest systemic risk facing Ireland, aside from Brexit, is its high dependence on multinational firms, according to Philip Lane. Photograph: Clodagh Kilcoyne/Reuters

Philip Lane, with an eye on legacy, leaves parting gift to spook banks and borrowers

Economy
Joe Brennan
April 19, 2019, 14:58

Governor sought powers to force banks to hold additional capital to safeguard against hidden risks to Republic’s economy

The vacancy at the Central Bank of Ireland arose when governor Philip Lane moved to the European Central Bank. Photograph: Alan Betson/The Irish Times

Four candidates remain in race for role of Central Bank governor

Economy
Joe Brennan
April 19, 2019, 05:45

Deputy governor Sharon Donnery and senior civil servant Colm O’Reardon tipped on list

‘It is not fair that homes built since 2013 should be exempt while those who own homes built earlier pay in full.’

Levy property tax on the equity in house not its total value

Economy
John FitzGerald
April 19, 2019, 05:00

John FitzGerald: The levy is not perfect but it may offer a solution for the housing crisis

Donald Trump checks his notes in Burnsville, Minnesota. Photograph: Jim Watson / AFP.

Working 9 to 9, Trump’s ‘flying water tankers’ and the end of plastic can rings

Economy
Laura Slattery
April 19, 2019, 04:45

Planet Business: Sometimes it’s quite handy being a billionaire

The carbon tax rate currently amounts to about 5 cent on a litre of diesel or around €2.40 on a 40kg bag of coal. Even doubling the rate, the ESRI said, would only increase diesel prices by about 7%. Photograph: Lewis Whyld/PA Wire

Ireland has to move on carbon tax – why are we still arguing about it?

Economy
Cliff Taylor
April 18, 2019, 11:38

Smart Money: We need to cut emissions and avoid big fines – but politicians are nervous

Photograph: iStock

British shoppers keep spending despite worries about Brexit

Economy
April 18, 2019, 11:11

But analysts warn about rise in credit card defaults in first quarter of the year

Economic icebergs: The Titanic Experience in Belfast, a key tourist attraction in the North. Photograph: Bryan O’Brien / The Irish Times

Economic forecast for North revised downwards

Economy
Francess McDonnell
April 18, 2019, 05:50

Danske Bank highlights ‘severe consequences’ in event of no-deal Brexit

Minister for Finance Paschal Donohue: the second-largest dividend last year was paid by the DAA, totalling €37.4 million, according to the Minister. Photograph: Alan Betson

Exchequer received €261m in dividends from State companies last year

Economy
Gordon Deegan
April 17, 2019, 17:13

Biggest contributor was Ervia, the operator of Irish Water and Bord Gáis

Economic horizon: The sun rises behind a processing plant at a quarry pond near Goettingen in Rosdorf, western Germany. Photograph: Swen Pförtner / dpa / AFP

Germany slashes growth forecast for second time in three months

Economy
April 17, 2019, 11:28

Trade disputes and Brexit weigh on Europe’s largest economy

An employee working on the production line of an electronics factory in Jiaxing, Zhejiang province. Photograph: Reuters

China’s economic growth unexpectedly steadies

Economy
April 17, 2019, 07:25

But experts say it is too early to call a recovery

Ibec says the biggest challenge to economic growth is capacity constraints in the labour market. Photograph: Nick Bradshaw

Ibec says economic growth will moderate this year to 4%

Economy
Peter Hamilton
April 17, 2019, 05:46

Business group expects headline growth to fall from 6.7% in 2018 to 2.7% in 2020, while consumer spending growth will also decline

JD Sports has benefitted from its growing overseas presence, as well as its online operation. Photograph: Yui Mok/PA Wire

JD Sports leaves Mike Ashley’s Sports Direct trailing in its wake

Economy
Fiona Walsh
April 17, 2019, 05:36

Data from Office of National Statistics just may help predict next UK recession earlier

Deliveroo said its workers don’t fall under the scope of this new directive as genuinely self-employed workers are not covered. Photograph: Alan Betson

New rules approved to improve conditions in ‘gig economy’

Economy
Peter Hamilton
April 17, 2019, 04:25

European legislation grants minimum set of rights for workers with on-demand jobs

Minister for Finance Paschal Donohoe: “we have an economy that is growing at a strong pace”. Photograph: Gareth Chaney Collins

Donohoe says extra 50,000 jobs to be created in Irish economy this year

Economy
Eoin Burke-Kennedy
April 16, 2019, 18:30

Budget surplus of 0.2% of GDP expected for 2019 on foot of larger-than-expected corporation tax receipts

Freight at Dublin Port: the State had a trade surplus of €6.3bn in February. Photograph: Alan Betson

Republic’s trade with Britain still strong despite Brexit worry

Economy
Eoin Burke-Kennedy
April 16, 2019, 16:21

Latest CSO trade numbers show Irish exports to Britain rose 16% in February

European Commissioner for Trade Cecilia Malmstrom gives a press conference on EU-US Trade Talks in Brussels. Photograph: Olivier Hoslet/EPA

EU to seek rapid tariff-reduction deal with the US

Economy
April 15, 2019, 19:58

Negotiations were endorsed after EU governments overrode French objections

The State collected a record €10.4bn in corporation tax in 2018, largely from multinationals. Photograph: Alan Betson

Ireland still paying €14m a day in interest on national debt

Economy
Eoin Burke-Kennedy
April 15, 2019, 17:53

CSO figures show government debt stood at €206bn last year, up from €201bn previously

Greek bond yields hit the lowest level in nearly 14 years, highlighting a comeback for the country that was the focal point of a debt crisis which crippled the eurozone a decade ago

Greek debt touches lowest yield since 2005

Economy
April 15, 2019, 16:21

Crisis-ridden eurozone member attracts investors as growth returns

Google and other online platforms will have to sign licensing agreements with musicians, performers, authors, news publishers and journalists to use their work online. Photograph: John Taggart/The New York Times

EU countries back copyright reform targeting Google, Facebook

Economy
April 15, 2019, 10:32

Move will force tech giants to pay publishers for news snippets

The world’s second largest cannabis company predicts the expected opening up of the medicinal market may see up to 50,000 Irish patients being prescribed cannabis within four years

Canada’s cannabis interest in Ireland, Google tax, and retirement age

Economy
Michael McAleer
April 15, 2019, 06:43

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Joe Brennan

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Philip Lane, with an eye on legacy, leaves parting gift to spook banks and borrowers

John FitzGerald

John FitzGerald -

Levy property tax on the equity in house not its total value

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