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Saturday 2 December 2023 Dublin: 2°C

Business

June
June 2023
RTÉ, Ryan and Renault: The broadcaster's deal to keep Tubs on side
How an unsigned contract, a verbal agreement and a “loyalty bonus” lead to the secret €75,000 payments.
Right hook to the Facebook: Elon Musk and Mark Zuckerberg agree to cage fight
Elon Musk tweeted that he was ‘up for a cage fight’ with Meta boss Mark Zuckerberg.
Aviva says 'suspicious' personal injury claims are being withdrawn on the steps of court
New internal analysis by Aviva said fraudulent claims are a “huge cost to insurers, motorists, and society”.
Watchdog warns about electric car 'zero emissions' claims
Volkswagen said it would include a disclaimer in future advertising if repeating the “zero driving emissions” claim.
Finance Minister wants 'prudent' Budget as Taoiseach seeks threshold for higher tax rate at €50k
Michael McGrath said his “overarching priorities” for the budget include the protection of living standards.
Irish economy falls 4.6% in the first quarter of 2023, more than estimated by CSO
The decrease is 1.9% more than what the Central Statistics Office estimated earlier this year.
Petrol prices: Donohoe defends excise rate increase, says not doing so would cost €700m
Donohoe said: “It’s really important that we remove the tax reductions as the price of fuel itself has come down.”
May
May 2023
Fraudsters 'find it easier' to trick victims into sending money than stealing their identities
The BPFI said fraudsters find it is easier to manipulate victims by getting transferred money directly rather than stealing their identity.
EU commission's appeal against €14.3 billion Apple and Ireland tax ruling to be heard today
Successive Irish Governments and Apple have argued that the company does not owe the State the allegedly unpaid tax.
An electric vehicle is most popular car on DoneDeal as demand rises 35% in a year
The demand for EVs has led to the average price for a brand new electric car reaching €64,755.
Facebook-owner Meta hit with record fine of €1.2 billion by Ireland's Data Protection Commission
Meta has said it will appeal the decision.
Ryanair soars to annual profit of €1.4 billion after net loss of €355 million in previous year
Passenger traffic leapt 74% to 168.6 million travellers.
Is Ireland once again a 'Treasure Island' for supermarkets?
In 2013, TDs wondered if there was truth behind the rumour that Tesco called Ireland, ‘Treasure Island’.
Analysis: Corporate profits must also be taken into account when discussing inflation
Cost-of-living: Average year-on-year costs of milk and sliced bread rises by 24% and 13%
Eir fined €2.45 million by regulator for overcharging an estimated 76,000 customers
The refunds have an estimated price-tag of approximately €6.7 million according to the regulator.
Vodafone cutting 11,000 jobs as new CEO says group ‘must change’
Newly appointed CEO Margherita Della Valle said that the company’s performance “has not been good enough”.
No restaurant street furniture fees for another year as regulations extended
Government to remove fees charging restaurants €125 per table for street dining.
April
April 2023
FactFind: Was the 2008 crash caused by building too many houses?
A report by
Shane Raymond
A suggestion Ireland risks building too many homes ignited controversy.
Experts said that too many homes had been built where there was little demand.
“The laws of supply and demand ... were not applying to the housing market" - inquiry chairman.
However, economists said the current demand for homes is far from being met.
FactCheck: Does Ireland collect more corporate tax per person than almost any other EU country?
Ireland collects much of its taxes from companies, but how much compared to the rest of the EU?
Government has cash at its disposal ahead of Budget 2024 with €16bn surplus for next year
Finance Minister Michael McGrath was reluctant to commit to a giveaway budget this year, stating that inflation is now lower than last year.
Facebook parent company Meta and TikTok decline invite to Oireachtas committee
Twitter did not respond to the invite nor were they contactable by telephone.
Elon Musk tells BBC nearly 8,000 Twitter employees were laid off since his acquisition
Elon Musk said Twitter laid off “nearly 8,000″ employees since he took over as CEO, in an interview with the BBC.
March
March 2023
Moral panic 'fizzled out' of Dungarvan after gardaí arrested woman over alleged false statement
A report by
Eoghan Dalton
Disinformation experts say the town is a textbook example of how the far-right attempts to exploit incidents.
Rumours circulated in recent weeks claiming that attacks were carried out in the town centre by migrant men.
In an unusual statement, gardaí said they were not aware of "any alleged spate of attacks by foreign nationals” and arrested a woman alleging she had "knowingly made a false report" about an incident.
Eoghan Dalton reports from Dungarvan on how locals feel about their town being the latest to become the centre of a national issue.
EU leaders insist eurozone banking sector is stable as shares plunge
Shares in several German, French and British banks have tanked.
Accenture to axe 19,000 jobs worldwide, including 400 in Ireland
The consulting firm employs over 6,500 people in Ireland.
Jacqueline Gold, founder of taboo-shattering Ann Summers brand, dies aged 62
The UK businesswoman died yesterday evening after seven years of treatment for breast cancer.
US banks shore up First Republic in attempt to avoid another bank failure
The move marks a dramatic initiative by the lenders to bolster the system following failures of three midsized lenders in the last week.
European Central Bank hikes interest rates for sixth time since last summer
The base interest rate in Ireland will now rise to 3%.
Mobile operator partly owned by Ryan Reynolds sold to T-Mobile for $1.3 billion
The acquisition of Mint Mobile’s parent company Ka’ena Corp will also include Ultra Mobile and wholesaler Plum.
European stock markets plunge as Credit Suisse stock drops to historic low
Eurozone equities tumbled more than 3% in value and the euro lost 1% against the dollar.
Irish Financial Stability Group to monitor effects of SVB collapse on Ireland
The bank had a significant number of Irish businesses among its clients but retail banks in Ireland have no exposure to SVB.
Mark Zuckerberg confirms a further 10,000 jobs are to be cut globally at Meta
The move comes around four months after Meta cut 11,000 jobs.
Silicon Valley Bank collapse stuns tech and banking worlds
The bank was a lender of money to tech startups, including a number of Irish firms.
Analysis: In the trial of Gary Lineker, he'll probably leave and critics will find another target
There are arguments on either side of the big UK debate writes Richard Sambrook.
International Women's Day: Does AI have a woman problem?
Fair representation in datasets a little-known battle front in the fight for equality, writes Sarah Jane Delany.
Shoppers buying fewer items per trip as grocery inflation hits record high at 16.4%
In contrast, at the same time last year, grocery inflation was only 2.4%.
Microsoft to cut additional 60 jobs from Irish workforce
It comes a month after the company cut 120 jobs in Ireland as part of global cost-cutting measures announced in January.
Nearly two-thirds of renters say rising costs have affected their ability to purchase property
55% of prospective homebuyers also point to rising costs as a stumbling block to finding a property.
The Journal's Redacted Lives wins Best Podcast at 2023 Spider Awards
The 26th annual ceremony took place in Dublin today.
AIB insists 'no special deals' for nearly 2,000 customers who received 90% debt write-down
The Oireachtas Finance Committee has questioned AIB on its policy on debt write-downs.
Ukraine war set to dominate G20 meeting of top diplomats
India appealed for all members of the fractured Group of 20 to reach consensus on issues of deep concern to poorer countries.