News

This year’s surge in inflation in the euro zone is still seen as temporary, even if prices continue to rise from already high levels, European Central Bank board member Isabel Schnabel told a German newspaper over the weekend. Repeating the ECB’s long-standing view on inflation, Schnabel said that over the medium term, inflation still risked…

AIB is preparing for the issuance of a Social Bond which it says will go towards financing community programmes across the country. The bank has launched a Social Bond Framework which will pave the way for it to tap what it believes is expanding investor appetite for bonds issued by organisations that go towards achieving…

Psychologists say we have very little appreciation or concept of ourselves in the future. In other words, our future selves are strangers to each of us. This lack of relationship with our older selves partly explains why we are so bad at planning for the longer term, such as saving towards retirement. According to research…

Sinn Féin’s finance spokesperson, Pearse Doherty, said the Government needs to strengthen the hand of the Competition and Consumer Protection Commission (CCPC) and bring forward legislation to allow fines to be issued. His comments come as six motor insurance companies signed legally binding agreements to reform their internal competition law compliance programmes, following an investigation…

Six motor insurance companies have signed legally binding agreements to reform their internal competition law compliance programmes, following an investigation by the Competition and Consumer Protection Commission. However, Brokers Ireland, which was also the subject of the probe, has declined to sign up to the agreements. It has strongly rejected it ever engaged in conduct…

A new report on the right to request remote work has been published with the Tánaiste saying: “We have a real opportunity now to make remote and blended working a much bigger part of normal working life.” Currently in Ireland, all employees can ask their employers for the right to work remotely, but there is…

Almost two thirds of business leaders are feeling optimistic about the Irish economy, more than twice the level recorded at the start of the year. According to a new survey of members by the Institute of Directors, nearly three quarters of those questioned feel the financial performance of their organisation will improve this quarter, up…

Legal restrictions that prevent employers from finding out the coronavirus vaccine status of employees risk delaying the re-opening of offices and are costing businesses money, new research has found. The issue is also causing a negative impact on relations between a third of employers and their employees, according to the findings of a survey by…

70% of Irish consumers expect house prices to rise over the next three years, according to a new survey by KBC Bank Ireland. Just 12% said they expect to see prices drop, while 5% see prices being broadly flat. The survey shows that one in two Irish consumers expects Irish house prices to rise faster…

Just over 153,000 people received the Pandemic Unemployment Payment this week, according to figures from the Department of Social Protection. Around 4,400 PUP recipients closed their claims in the week with almost half of these working in the Accommodation and Food sector, the figures show. The number of people receiving the Pandemic Unemployment Payment has…