Business News

Today on World Accreditation Day, the Irish National Accreditation Board (INAB) is calling on businesses to employ accredited services to test, inspect, verify or certify their products or services. When manufacturing a product, a business will hire a company to make sure their products or services meet the specified requirements set out in legislation or…

The National Treasury Management Agency said it sold €1.25 billion of bonds maturing in 2033 and 2050 at auction today at yields of 2.84% and 3.359%. With the completion of today’s auction, the NTMA has issued €6 billion of benchmark bonds so far this year. The NTMA has said it aims to raise between €7…

New figures from the Central Statistics Office show that the Households Saving Rate fell to 14% in the first three months of 2023, down from 24% at the end of 2022. The CSO said the lower rate of saving in the first three months of the year marked a departure from the high rate that…

The euro area fell into a technical recession in the first quarter of this year, according to figures from Eurostat. However, across the EU as a whole, growth remained positive at 0.1% compared to the last three months of last year. Euro area GDP growth fell by 0.1% in the first three months of this…

Euro zone consumers lowered their inflation expectations, a fresh European Central Bank survey showed today, a relief for policymakers after an unexpected surge a month earlier, even if underlying price growth is still likely to be stubborn. The ECB has raised interest rates by a combined 375 basis points over the past year to arrest…

The top US securities regulator has sued cryptocurrency platform Coinbase, the second lawsuit in two days against a major crypto exchange. This marks a dramatic escalation of a crackdown on the industry and one that could dramatically transform a market that has largely operated outside regulation. The US Securities and Exchange Commission (SEC) on Monday…

Global airlines have called for broad co-operation to reach “very tough” emission targets and pledged to release interim climate targets next year as the industry aims for a goal of net-zero by 2050. Aviation, which produces around 2% of the world’s emissions, is considered one of the hardest sectors to decarbonise. The International Air Transport…

Corporation tax receipts dropped slightly in May according to the latest exchequer returns, underlining the volatile nature of this source of revenue. A total of €2.7 billion in tax was collected from businesses during the month, down €200m or 6.2% on the same month last year as higher repayments and lower profitability impacted returns. However,…

A once-off additional €100 in Child Benefit is being paid this month to help 650,000 families with the cost of living. The extra support means that €240 per child will be paid this month in respect of more than 1.2 million children. An additional €100 payment is also being made from this month for each…

Growth in the services sector slowed slightly in May but new export business grew at its fastest rate since last summer and business expectations improved, a survey showed today. The AIB S&P Global Purchasing Managers’ Index (PMI) slipped to 57 from 58.4 in April. But it remained above the 50 mark separating growth from contraction…