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Emmanuel Macron greets residents at the Saint-Christophe market square in Cergy, Paris, on his first outing after re-election. Photograph: Ludovic Marin/AFP

Macron escapes cherry tomato fate as unions prep for May Day marches

Economy
Laura Slattery
April 30, 2022, 12:30

Planet Business: A fresh Boeing plunge, the end of CNN Plus and Musk’s quotes

Ged Nash: he said the fact that companies could pay out dividends suggested they did not require support through the Covid-19 wage subsidies

Just €33.7m in Covid supports repaid by firms that paid dividends

Economy
Gordon Deegan
April 29, 2022, 20:46

Nash criticises Minister over ‘paltry’ refunds from 641 firms that made €268m in distributions

The annual rate of inflation for consumer prices increased to 7.3 per cent this month, up from 6.9 per cent in March, according to figures compiled by the Central Statistics Office.

Inflation continues to creep up but energy prices fall back in April

Economy
Mark Paul
April 29, 2022, 16:08

Ireland’s 7.3 per cent annual rate is close to the Euro zone average

UK house prices rose for a ninth consecutive month in April as the housing market continued to defy an escalating cost of living crisis. Photograph: Nathan Stirk/Getty Images

UK house prices rise for a ninth consecutive month

Economy
April 29, 2022, 13:34

Housing market continues to defy an escalating cost of living crisis

A shopper in a supermarket in Germany, the only one of the four biggest EU economies to beat growth expectations in the first three months of this year. Photograph: Ina Fassbender

Growth slows and prices rise as stagflation stalks euro zone

Economy
Martin Arnold in Frankfurt and Valentina Romei in London
April 29, 2022, 12:23

Inflation hits 7.5% in the year to April

Without a co-ordinated EU response, gas prices will rise to exceptional levels as countries like Norway, and UK North Sea producers, have a queue of firms at their door pleading for supplies at any price.

4:48 John FitzGerald: Russian move ensures EU gas problem in pipeline

Economy
John FitzGerald
April 29, 2022, 05:49

Member states must co-operate to cut usage and help Germany replenish its stockpiles

Lorcan Sirr, a lecturer in housing studies at Technological University Dublin, argues that local authorities were sitting on large tracts of public land ripe for development. Photograph: Tom Honan

Two local authorities did not build any social homes last year, expert says

Economy
Eoin Burke-Kennedy
April 28, 2022, 17:39

Low level of direct builds explains lengthy waiting lists, Lorcan Sirr argues

US economic growth is expected to have slowed sharply in the first quarter amid growing trade imbalances and rising inflation, but the deceleration is unlikely to alter the Federal Reserve’s course.

US economy contracts for first time since mid-2020

Economy
Kate Duguid
April 28, 2022, 15:38

Federal Reserve is set on responding forcefully to inflation

Prof Patrick Honohan said a number of factors were driving house prices here

Honohan criticises government housing policy as ‘reactive’ and inflationary

Economy
Eoin Burke-Kennedy
April 27, 2022, 15:48

Former Central Bank governor says help-to-buy scheme was poorly designed

A key issue to watch is whether the European Commission agrees a mechanism to pay for Russian gas that satisfies Moscow without breaking the letter of the law on sanctions. Photograph: Maxim Shipenkov/EPA

What do Russia’s gas stoppages mean for Ireland?

Economy
Cliff Taylor
April 27, 2022, 11:41

Gazprom has suspended gas supplies to Poland and Bulgaria in a payment row

In its report, Davy said it expected property price inflation – currently at 15.3 per cent – to slow from double-digit levels and to average about 7 per cent this year. Photograph: Sasko Lazarov/RollingNews.ie

3:19 Upbeat Davy says Irish economy expected to grow by 8.2% this year

Economy
Eoin Burke-Kennedy
April 27, 2022, 07:24

Brokerage says upward revision reflects ‘erratic’ drop in output at end of last year

IMF deputy division chief Petya Koeva Brooks at the 2022 Spring Meetings of the IMF and World Bank Group in Washington, April 19th. Photograph: EPA/Cory Hancock/IMF

War in Ukraine causing a many-sided economic shock

Economy
Martin Wolf
April 27, 2022, 05:02

Covid followed by war hard reminders that huge shocks are almost always negative

Central Bank deputy governor Sharon Donnery. Photograph: Nick Bradshaw

Mortgage measures were not designed to limit house prices, says Donnery

Economy
Eoin Burke-Kennedy
April 26, 2022, 16:10

Central Bank deputy governor insists measures have reduced risk of another bubble

Jervis Steet shopping centre. Ibec has slashed its growth forecasts for the Irish economy on the back of Russia’s invasion of Ukraine and on the ongoing energy price shock. Photograph: Bryan O’Brien

3:36 Ibec slashes growth forecasts for Irish economy in face of Ukraine crisis

Economy
Eoin Burke-Kennedy
April 25, 2022, 05:52

Business and consumer sentiment falls again

A new chipmaking tool being moved into place recently at Intel’s high-tech manufacturing plant in Leixlip.

Energy cost inflation must be eased on manufacturing now

Economy
Sharon Higgins
April 25, 2022, 05:23

Manufacturing is a clear driver of Ireland’s economic success

Russian president Vladimir Putin claims the West has scored an own goal with sanctions. Photograph: Mikhail Klimentyev/Sputnik via AP

Self-serving sanctions on Russia are little more than virtue signalling

Economy
Eoin Burke-Kennedy
April 24, 2022, 12:27

Rouble rebound shows energy-avoiding sanctions have had limited impact

Since the rich cannot possibly spend all their wealth – unlike the poor, who usually do – the savings glut has almost certainly ‘contributed to the secular decline of the natural rate of interest’.

Beware the rich persons’ savings glut – it could be affecting us all

Economy
Gillian Tett
April 23, 2022, 05:23

Quantitative easing has raised value of assets held by the rich and worsened inequality

A Parisian walks past graffiti of a political slogan meaning Neither Le Pen nor Macron ahead of a climate change protest by the group Extinction Rebellion. Photograph: Julien De Rosa/AFP

Macron v Le Pen: Some French students say ‘non’ to both

Economy
Laura Slattery
April 23, 2022, 05:07

Planet Business: Netflix slippage, US trade union fights and smart homes go dumb

Initially the terminal will handle ICL’s service between Cork and the US

New €86m Cork container terminal in Ringaskiddy to open

Economy
Colin Gleeson
April 22, 2022, 11:45

Investment in the site is the largest investment at any Irish port over the last 100 years

Chairman of the US Federal Reserve Jerome Powell. Photograph: Win McNamee/Getty

US Federal Reserve chairman signals rates could rise by half-point in May

Economy
Colby Smith
April 22, 2022, 10:44

Central bank has become more concerned about highest US inflation rate for 40 years

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Michael O’Leary concedes that time is running out to earn 10m share options bonus 16:41

EU hikes Irish inflation forecasts as it lowers European growth outlook 16:36

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Covid-induced surge in Irish house prices has reached tipping point

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