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Mon, May 16, 2022

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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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Our mother is looking to give our brother a right of residence in her home for his lifetime after her death. Photograph: iStock How does my brother assess tax on a right of residence?
‘People have lost the desire and the skill to connect, not least because they’re exhausted by what they’ve been through.’ Photograph: iStock 5:17 Testing times in the workplace as post-pandemic priorities clash
Are there options open to borrowers to protect themselves from rate rises, at least to some extent . Cliff Taylor: Which mortgage borrowers will be hit first by interest rate hikes hit?

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

2 China’s economic activity plummets as Covid lockdowns hit growth

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

4 Property prices defy cost of living squeeze to rise 15.2%

5 Danny McCoy: Inflationary pressures but bedrock of economy strong

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Inside Business - Are we heading for a global recession? Inside Business - Are we heading for a global recession? 36:44

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‘We encourage people to start as early as possible’ ‘We encourage people to start as early as possible’

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Sport Ireland Campus: Here We Go campaign launches Sport Ireland Campus: Here We Go campaign launches

Sport Ireland Campus has launched their Here We Go campaign, designed to raise national awareness and pride in the world-class facilities at the Sport Ireland Campus and to encourage everyone to take the opportunity to experience the home of Irish Sport

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

Pilita Clark Pilita Clark -

Bonuses are outdated in the age of knowledge work

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

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