Eoin Burke-Kennedy

Eoin Burke-Kennedy

Eoin Burke-Kennedy is a business journalist with The Irish Times

The Bank of Japan’s decision to reduce rates to zero to reboot Japan’s flagging economy in 1999 was seen as radical at the time and looked on by US and European central bankers as a kind of Japanese idiosyncrasy, not to be tried anywhere else
Have central banks maxed out on monetary policy?

Japan is still locked into its negative regime 20 years since it reduced rates to zero

The cost of the NBP, which aims to connect some 540,000 rural homes and businesses to high-speed broadband, is now projected to be in the region of €3 billion
Broadband costs won’t derail other State projects, says Government

Additional funding for National Broadband Plan to come from ‘future revenues’

The increase in household wealth over the first quarter of 2019 was driven by households’ financial assets, which rose by €13.7 billion. Photograph: Alan Betson
Irish households ‘wealthier’ than at any other time in State’s history

Net worth of households hits record €772 billion, Central Bank figures show

The latest official trade numbers show Irish goods exports fell in value by 14 per cent to €11.5 billion in June. Photograph: Alan Betson
Value of Irish exports falls by €2bn in a month

Latest trade numbers come amid signs global downturn may be on the way

The rapid slowdown in property price inflation has been linked to the pick-up in the supply of new homes. Photograph: Cyril Byrne
Property price growth cools to six-year low of 2%

Latest official figures show headline rate of inflation in Dublin was just 0.1% in June

According to the CSO, 4,920 new homes were completed between April and June, a near 12 per cent increase on last year. Photograph: Alan Betson
Housing market ‘has stabilised’ with price growth set to stay weak

Gradual improvement in supply has tamed inflation, Savills analyst says

Providence, which is led by chief executive Tony O’Reilly jnr, said it had received “further assurances” that the loan advances due were in the process of being paid. Photograph: Dara Mac Dónaill
Providence hints at ‘alternative’ finance after latest missed deadline

Oil explorer again forced to extend deadline for receipt of funds from Chinese investor

The slide in Irish consumer sentiment comes as British prime minister Boris Johnson says he is committed to taking Britain out of the EU by October 31st. Photograph: Will Oliver/Pool via Bloomberg
‘Boris blues’ sends Irish consumer sentiment to five-year low

Latest barometer slumps as prospect of no-deal Brexit looms on horizon

Brian Hayes: the BPFI’s newly installed chief executive. Photograph: Eric Luke
Banking lobby group calls for retention of Help to Buy scheme

Banking and Payments Federation Ireland says scheme is bolstering supply of homes

While 33 per cent of exceptions had a loan to income above four in 2015, in 2018 this increased to 47 per cent of exceptions granted, the study found. Photograph: Brendon Thorne/Bloomberg
Fifth of all mortgages in 2018 availed of rule exemptions, study finds

Central Bank’s tough rules still allow for certain amount of discretionary lending

Retail sales rise in June despite threat of hard Brexit

Latest monthly gauge suggests underlying trend was broadly flat

Siro chief executive John Keaney says funding package is testament to the quality of company’s business model. Photograph: Nick Bradshaw/The Irish Times
Siro secures €200m funding package for broadband rollout

Telecoms firm plans to use proceeds to connect 450,000 homes to its service

CEO of telecoms group Siro, John Keaney. Photograph: Nick Bradshaw for The Irish Times
Siro now a serious challenger to Eir in fibre arms race

Siro boss John Keaney says telco is about to deepen operations in Cork and Galway and take the fight to Eir in Dublin’s suburbs

Labour productivity typically measures the value of work done in an economy over time
Irish labour productivity growing at three times EU rate

Figures show productivity grew at an average of 3.9 per cent between 2000 and 2017

US stocks rose on Tuesday, boosted by upbeat earnings and forecasts from Coca-Cola and United Technologies. Photograph: Johannes Eisele/AFP/Getty Images
Stocks rise on earnings as sterling falls

Smurfit Kappa rises 5 per cent, Dublin financials also buoyed

Central Hotel: the 130-year-old business was acquired along with nearby Trinity Street Car Park for an undisclosed sum
Dublin’s Central Hotel acquired by Deutsche Finance

Hotel and nearby Trinity Street Car Park bought in DFI joint venture with BCP Capital

Tony O’Reilly jnr, chief executive of Providence Resources. The update to the Irish Stock Exchange means the saga drags on for another week. Photograph: Dara Mac Dónaill
Providence extends Barryroe loan deadline yet again

Exploration firm is awaiting the receipt of $10m in funding Chinese company Apec

Minister for Finance Paschal Donohoe said his approach in relation to ‘departmental expenditure ceilings’ was sensible and informed by the experience of the crash. Photograph: Tom Honan
Donohoe rejects Ifac criticism of spending plans

Minister defends use of corporation tax receipts to cover expenditure increases

Minister for Finance Paschal Donohoe had asked the group to look at how property funds operated here amid concern they were crowding out potential home buyers.
Tax strategy papers: the key highlights

Income tax; changes to USC and PRSI and levies on carbon usage, motoring and food supplements all feature

The Nevin Economic Research Institute says the economy’s “cyclical upswing” has been ongoing for several years and shows no sign of abating. Photograph: iStock
Economy could be overheating by end of the year, says think tank

Nevin Economic Research Institute is predicting economic growth of 4.6% this year

The Taoiseach has long promised to merge the universal social charge and pay-related social insurance. File photograph: Alan Betson
Middle-income taxpayers may lose out if PRSI and USC merged

Varadkar pledge to raise highest tax band would cost €2.3bn in a year

The Taoiseach’s pledge to raise the threshold at which the higher-rate income tax applies to €50,000 will cost €2.3 billion.
€50,000 threshold for higher rate tax will cost €2.3bn

Number of workers paying higher rate tax has more than doubled since 2010

‘In a hard-Brexit scenario, I could see sterling-euro at parity,’ said Goodbody economist Dermot O’Leary.
Sterling could move to parity with euro ‘and beyond’ if Brexit turns ‘messy’

Investec currency analyst predicts another major slide in event of no-deal exit

Dunnes has more than a fifth of the €11 billion Irish grocery market
Dunnes seeks to acquire JC’s Supermarket in Swords

Retailer has notified competition authority of the proposed transaction

The Advertising Standards Authority of Ireland plans to impose stricter rules that will stop providers promising “fibre” in their broadband adverts when the connections still rely on ageing copper lines
Telecoms companies to face clampdown on ‘fake fibre’ adverts

Advertising watchdog plans to restrict when word ‘fibre’ can be used in broadband adverts

French finance minister Bruno Le Maire delivers a speech during a high-level forum on debt at the Finance ministry in Paris in May 2019. Photograph: Benoit Tessier/Reuters
Government stays firm on digital tax in wake of French push

Move to impose annual levy, if taken up by other EU states, could leave Ireland isolated

The value of goods imports from Britain for the period also rose – by 12% to €8.2bn. Photograph: Aidan Crawley/Bloomberg
Irish exports to Britain rise despite Brexit uncertainty

Latest figures show trade between Republic and Britain remains strong

Kellogg, the firm which trades as Kellogg’s, made an operating profit of $1.7 billion (€1.5 billion) in 2018.
Kellogg plans to eliminate up to 58 jobs in Dublin

Staff to be offered redundancy package of just three weeks’ pay per year of service

Computer generated image of the Wilton Park estate which includes the former Fitzwilton House, now One Wilton Park.
Green light for €350m city quarter at Wilton Park in Dublin 2

Property fund Iput granted planning permission for ambitious 450,000sq ft scheme

US president Donald Trump: Washington has threatend to retaliate with sanctions. Photograph: Evan Vucci/ AP
Digital tax could reduce Ireland’s corporate take

Warning comes as France pushes ahead with 3% tax on digital revenues

The ultra-low interest rate environment has contributed to significant reductions in the amount of interest that the State is currently obliged to pay.
Ireland’s debt: €44,365 is owed by every man, woman and child in the State

CSO numbers show burden is four times higher than pre-crisis levels

Eir CEO Carolan Lennon and Eir’s director of regulatory and public policy Gary Healy, before going in front of an Oireachtas committee. Photograph: Dara Mac Dónaill/The Irish Times
Eir’s baffling broadband plan offer raises suspicions of sabotage

Disjuncture between firm’s inside-the-process cost of €2.75bn and new claim is jarring

Telecoms regulator Comreg has raised the prospect of applying a universal service obligation (USO) for broadband to homes and premises currently not served by commercial operators or public policy interventions.
Regulator raises prospect of forcing State to provide rural broadband even at a loss

Comreg says EU directive allows member states use a USO - legally obliging the State to provide a service even if its uneconomic t(...)

Superdry saw shares decline after its new management team pledged to return to profitable growth, as it posted a significant loss. Photograph: Reuters/Fabrizio Bensch/File Photo
European shares end lower as Fed optimism short-lived

Markets report: Airbus rises after strong delivery numbers, Superdry slumps to a loss

To purchase a property in Dublin, first-time buyers need to have earnings that are considerably higher than the national average.
House prices: have we reached peak affordability?

Latest figures indicate another pronounced slowdown in headline property-price inflation

‘Price growth has slowed, but ultimately, prices are still rising – and faster in some parts of the country than others.’ File photograph: Frank Miller
Property price inflation slows to six-year low of 2.8%

Latest official figures show the headline rate of inflation in the capital city Dublin at 0.6%

While the Republic scores well internationally in terms of competitiveness, the National Competitiveness Council warned that “a small number of firms deliver most of Ireland’s productivity performance. Photograph: EPA
‘Concentrated’ nature of Irish economy leaves it open to shocks

National Competitiveness Council warns of risks to economic sustainability

Dublin office leasing activity still strong despite Q2 dip

Property specialists CBRE says market is being driven by record level of demand

Gaël Méheust (l), chief executive of CFM International, with Dómhnal Slattery, chief executive of Avolon.
Fly Leasing contracted to sell portfolio of Airbus A320s and Boeing 737s

New York-listed aircraft finance business anticipates sales will generate $125m of cash

Investors like Kennedy Wilson and Carysfort Capital are setting new rental highs in the docklands, with rents ranging from €3,300 at Capital Dock for a two -bed apartment and from €3,700 at Opus on Hanover Quay.
Large-scale investors: the cause or the solution to our housing woes?

Reports claim funds are not cause of high rents and may be key to unlocking supply

The Davy study suggests house-price inflation has slowed as a result of the Central Bank’s mortgage-lending rules but that demand pressure in the market has transferred to the rental sector. Photograph: Bryan O’Brien
Corporate investors not the cause of high rents, report claims

Study by Davy suggests big funds may be key to unlocking supply and cooling rents

Department of Public Expenditure and Reform secretary general Robert Watt; Minister for Finance Paschal Donohoe; and John McCarthy, the department’s chief economist at the launch of the Government’s Summer Economic Statement. Photograph: Michelle Devane/PA
A 100% chance of recession: what do economists think

Irish analysts broadly agree on likelihood of some type of reversal for economy

The Central Bank Wells Fargo Bank International Unlimited Company had admitted five “serious” breaches between January 2014 and February 2019. Photograph: Justin Sullivan/Getty Images
Central Bank fines Wells Fargo nearly €6m for regulatory breaches

Fine ranks as second largest imposed by Irish regulator

Paschal Donohoe was speaking at an American Chamber Indepdence Day event. Photograph: Nick Bradshaw/The Irish Times
Irish-US trade now worth €120bn annually, Donohoe says

Emerging global tax reforms will impact transatlantic trade – Minister for Finance

Conor O’Kelly: “People talk about whether the bond markets are predicting a recession. I’ll give a prediction. The chances of a recession in Ireland are 100 per cent.”
Chances of another recession in Ireland 100%, says NTMA chief

Conor O’Kelly says Lagarde nomination at ECB is ‘positive’ for Ireland

Minister for Finance: “If there is a disorderly Brexit... there will be significant pressure placed on the public finances.”
No-deal Brexit could result in €6bn shock to public finances, Donohoe warns

Brexit is detrimental for economy ‘whatever form it takes’, says Minister for Finance

Services sector, which covers businesses from banks to hotels, accounted for 51% of all enterprises. Photograph: Lauren Hurley/PA
Record 271,000 businesses operating in Irish economy, new figures show

CSO data shows businesses employ a record 1.55 million people

Experts have repeatedly warned that the corporation tax tide may soon go out, based as it is on the inherently unstable notion of corporate profitability.
Corporation tax: the gift that keeps on giving

The latest exchequer figures show no slide in business tax windfall

Minister for Finance and Public Expenditure and Reform, Paschal Donohoe: the Government is on course for another record tax take this year, according to the latest exchequer returns. Photograph: Alan Betson
Half-year exchequer returns signal another record tax take

Latest figures show tax revenue for the year to date has risen by nearly €1.7bn

Minister for Finance Paschal Donohoe recently warned that the economy may soon face overheating pressures as a result of the return to near full employment. Photograph: Getty Images
Unemployment remains at 14-year low of 4.5% in June

Last time unemployment was at this level was in October 2005

The State’s budget deficit ballooned on the back of a collapse in property-related tax revenues, forcing us to borrow heavily just to pay for the same level of State services.
Ireland’s €200bn debt burden: how did we get here?

Q&A: And how much are the debt servicing costs on such a monster sum?

Gabriel Makhlouf, New Zealand’s treasury secretary and incoming governor of the Central Bank.
Incoming Central Bank governor to make statement on ‘hacking’ report

Gabriel Makhlouf’s handling of budget leak has been severely criticised

NTMA chief executive Conor O’Kelly: ‘Debt is still elevated and remains a very signficant burden on the State.’ Photograph: Sara Freund
Ireland paid over €60bn interest on national debt in 10 years

National Treasury Management Agency chief highlights high cost of servicing €200bn debt

‘The current slowdown in price inflation is largely due to the Central Bank’s lending rules and stretched affordability.’ Photograph: Frank Miller
House prices in Dublin fall as property market slows overall

Latest myhome.ie barometer suggests prices in Dublin are now falling year on year

Most Irish businesses (58 per cent ) still use traditional methods of finance such as bank loans.
Irish firms more reliant on bank debt than UK counterparts

Study indicates one-third of Irish businesses have experienced failure in raising finance

Sentiment regarding the Republic’s output over the coming year eased to a 34-month low amid Brexit uncertainty
Manufacturing activity declines for first time since recession

PMI barometer sees marginal contraction in activity in June

Boris Johnson leaving a hustings event in Exeter on Friday. Photograph: Dylan Martinez/Reuters
Johnson rules out using Irish bailout loan as leverage in Brexit talks

Tory leadership front-runner says UK will engage ‘generously and openly’ with Dublin

Retail sales fall as consumer caution over Brexit heightens

Latest figures volumes of sales fell 2.4% last month, despite rising wages

Minister for Finance Paschal Donohoe speaks to media on the conclusion of the National Economic Dialogue at Dublin Castle. Photograph: Alan Betson/The Irish Times
Budget 2020: Can we rely on the Government's plan?

Brexit is not the only factor complicating the State's financial planning

The Minister for Finance, Paschal Donohoe, arriving at the Department of Finance on Tuesday to deliver the summer economic statement. Photograph: Aidan Crawley
Varadkar’s proposed tax cuts at risk in event of no-deal Brexit

Donohoe signals that the tax cuts would not be introduced next year if UK crashes out of EU

Minister for Finance Paschal Donohoe at the Department of Finance for the Summer Economic Statement. Photograph: Aidan Crawley
Framing budget around Brexit helps Government avoid real issues

The economic statement was intended to provide greater transparency around the budgetary process but in reality it has not

Minister for Finance Paschal Donohoe with Robert Watt (left) secretary general at the Department of Public Expenditure and Reform, and John McCarthy, chief economist at the Department of Finance, at the Summer Economic Statement. Photograph: Aidan Crawley
Donohoe warns no-deal Brexit could halt economic growth

Government expects 55,000 jobs to be lost in first two years of a disorderly Brexit

The average for workers in full-time and part-time employment was 40.7 and 18.6 hours per week respectively
Employment has risen by over 400,000 since low point of crash

CSO figures detail rapid turnaround in employment since 2012

Traders work on the floor at the New York Stock Exchange in New York, US. Photograph: Brendan McDermid/Reuters
European stocks end strong streak after weak German data

Investors hedge bets ahead of expected US-China trade talks on sidelines of G20

The Central Statistics Office’s latest Labour Force Survey, the most accurate indicator of employment trends, suggested that the participation rate among potential workers here rose slightly to 62 per cent in the first quarter of 2019.
Employment rate among ‘prime-age’ workers hits record level

Share of workers aged 25-54 classified as employed rises to nearly 80%

Law Society seeks consultation process prior to tax law changes

Representative body for solicitors says not enough time given to practitioners ahead of changes

The value of goods exports for the period January and February 2019 was €26.3bn, an increase of nearly €4bn or 17% when compared with the first two months of 2018. Photograph: Alan Betson
Irish exports to Britain up 10% in April despite Brexit turmoil

Latest figures show trade between Republic and Britain remains robust

The Department of Finance’s chief economist John McCarthy addressing the ESRI’s annual budget perspectives conference in Dublin
Irish economy caught between overheating and Brexit slowdown, chief economist warns

State’s chief economist John McCarthy says formulating budgetary policy extremely difficult given uncertain outlook

Figures released by the Central Statistics Office (CSO) show the number of people employed in the Republic’s economy has grown to a record 2.31 million.
Record employment level puts upward pressure on wages

Study by Central Bank and recruitment website Indeed indicates tightening of jobs market

Services make up nearly three-quarters of the UK’s economic output and about 70% of the EU’s economic activity
Services: the Brexit elephant in the room

A new study highlights the potential economic fallout of restrictions to free movement of services

The ESRI has previously said the Government’s decision to hold personal and employee tax credits fixed while wages and prices rise ‘amounted to an effective tax increase for many workers’.
ESRI: Inflation-proofing budget would cost up to €1.2bn

Policymakers consider automatically adjusting tax-benefit system in line with inflation

CSO figures show average annual earnings increased to €38,871 in 2018, from €37,637 the previous year.
Wage growth accelerates to post-crash high of 3.3%

Latest earnings data suggests wage pressures in Irish economy are beginning to emerge

Quinn Radiators was spun out of the old Quinn family group’s manufacturing business in 2014, formerly controlled by Fermanagh businessman Sean Quinn. Photograph: Bryan O’Brien
Quinn Radiators put into administration with loss of 280 jobs

Former Quinn Group business had been struggling in face of higher input prices

Managing director of Ornua’s global foods division Róisín Hennerty: the company has stockpiled nearly 40,000 tonnes of product, mainly cheese, in the UK ahead of the possibility of a crash-out Brexit. Photograph: Naoise Culhane
Ornua advances from foreign markets to global concerns

Billion-euro Kerrygold brand changed the image of Irish food in the US

Irish Funds chief executive Pat Lardner: ‘This has been a 30-year journey and one we want to build on’
Funds industry brings almost €840m to exchequer – report

Study confirms Dublin’s and Ireland’s status as major international hub for the industry

A storm of criticism greeted the Government’s National Broadband Plan on Wednesday as official documents revealed the extent of objections to the project by senior civil servants. File photograph: Getty
Broadband cost set to top €5bn including private investment

Private entity to own network at end of 25-year contract despite €3bn State investment

Minister for Finance Paschal Donohoe speaks to media on the National Broadband Plan at the Department of Public Expenditure and Reform, Dublin. Photograph: Gareth Chaney Collins
Government will not own broadband network when built

Government is paying bulk of cost while ceding ownership to private entity

The head of the National Competitiveness Council, Peter Clinch, said Irish businesses face costs that are 65 per cent higher than their EU counterparts.
‘Rising rents and labour costs’ damaging Ireland’s competitiveness

National Competitiveness Council chief highlights current challenges

Andrew Algeo (48) will take over from current lottery boss Dermot Griffin next month
National Lottery appoints ex-Paddy Power executive as new boss

Gaming franchise unveils Andrew Algeo as its new chief executive

Eir had originally been favourite to win the NBP contract but dropped out of the procurement process last year, citing commercial complexities.
Eir may get €1bn from broadband rollout

Network of poles and ducts needed to bring high-speed broadband to rural areas

Minister for Finance Paschal Donohoe: the latest figures from his department for the four months to the end of April show income tax generated €6.9bn, which was €173m or 2.4% below target
Department of Finance plays down significance of softer tax numbers

Exchequer numbers show income tax and VAT generated less than expected in April

Donohoe insists broadband won’t go way of national children’s hospital

Minister pledges to keep tight rein on costs when it comes to national broadband plan

Live Register hits new post-crash low

Latest monthly figures show number of claimants fell 700 to 194,700 in April

Traders working the floor of the New York Stock Exchange. The S&P 500 notched a fresh record high on Wednesday as gains in Apple’s shares powered a rally in tech stocks. Photograph: Reuters
Apple results extend month-long rally in stocks

Trading thin in Europe, with most markets closed for May Day holiday

Kerrygold owner Ornua said about 7.5 million packets of the butter were sold each week in 2018.
Kerrygold becomes Ireland’s first billion euro food brand

Butter label generates €1bn in sales last year for dairy co-operative business Ornua

An An Post lorry carries the new logo, which was part of a €5 million rebrand.
An Post sees revenue climb to nearly €900m as parcel volumes rise

State-owned postal company also reports jump in operating profit to €41m

The Mediahuis headquarters in Antwerp, Belgium. The group employs 3,200 staff, and last year generated a turnover of €819m
Mediahuis is one of Europe’s fastest growing media groups

Antwerp-based firm which has agreed to take over INM has built up a significant publishing and broadcast media portfolio

Independent News and Media has been sold to Mediahuis. Photograph: THE IRISH TIMES
O’Brien and Desmond sell most of INM shares to Belgian suitor Mediahuis

Shareholders at agm say deal is ‘buttons’ as board criticised

Assuming the revenue windfall is temporary, which is still open to debate, the analysis suggests the Government could generate bigger budgetary surpluses by saving the money, which could then be used to pay down debt or build up fiscal resources for use in a future downturn. File photograph: iStockPhoto
Government handed near €7bn tax windfall since 2015

Central Bank study considers whether it is best to save or spend unexpected fiscal gain

The Brexit-related slide in sterling has made it cheaper to buy used cars in the UK and import them into the Republic. Photograph: Alan Betson/The Irish Times
Strong retail sales suggest Irish consumers unperturbed by Brexit

When car sales are excluded, spending rose by 8.2% in March, highest rate in three years

Women more likely to be earning minimum wage than men

CSO figures will feed in debate about gender pay gap, which has widened since crash

Minister for Communications, Climate Action and Environment Richard Bruton TD speaking to media following the publication of Peter Smyth’s Report on his review into the procurement process for the National Broadband Plan at Government Buildings, Dublin.Photograph: Gareth Chaney/Collins
Broadband timeline: how did we get here?

Seven years in the making, Government’s flagship communications policy

Ulster Bank’s net loans to customers in the Republic increased by €100 million in the first quarter of 2019, compared with the previous quarter. Photograph: Tom Honan
Ulster Bank sees first-quarter profit in Republic double to €23m

Bank’s parent Royal Bank of Scotland sees dip in quarterly profit

Gene Murtagh, chief executive of Kingspan: Cavan-based energy firm is unlikely to revise its offer. Photograph: Cyril Byrne / The Irish Times
Kingspan’s €700m offer for two Recticel divisions rejected

Cavan-based group is seeking to buy Belgian firm’s insulation and flexible foams business

BT: Vodafone, Virgin and Three may be possible suitors for acquisition of its Irish arm. Photograph: Phil Noble
Telcos eye up BT’s €460m Irish unit as parent firm exits Ireland

UK telecoms giant to sell-off Irish business as part of major global retrenchment

[From left] Fieldfisher managing partner Michael Chissick with McDowell Purcell’s managing partner JP McDowell. Merger gives Fieldfisher access to the Republic’s fast-growing legal market while deepening the resources and reach of McDowell Purcell.
Another big-name legal firm enters Irish market

Fieldfisher announces merger with Dublin-based McDowell Purcell

Traders work on the floor at the New York Stock Exchange in New York. Photograph: Brendan McDermid/Reuters
European stocks buoyed by surging energy stocks

Irish travel group Datalex slumps further as company announces share suspension

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

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

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

The 2,850-guest Celebrity Eclipse arriving into Dublin to become the first cruise ship to be based at the port. Photograph: Dara Mac Dónaill
Irish and UK cruise passenger number hits record two million

Controversy over Dublin Port’s plan to temporarily limit the number of cruise ships so it can expand its freight capacity

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