Advertisement

Readers like you keep news free for everyone.

More than 5,000 readers have already pitched in to keep free access to The Journal.

For the price of one cup of coffee each week you can help keep paywalls away.

Support us today
Not now
Saturday 2 December 2023 Dublin: 2°C

Business

Last week
19th November 2023 - 2nd December 2023
Founder of Binance crypto exchange admits failing to prevent money laundering
Changpeng Zhao pleaded guilty to one count of failure to maintain an effective anti-money-laundering programme.
Elon Musk's X sues media non-profit over portrayal of site as full of antisemitism
X said Media Matters is driving advertisers away from the platform formerly known as Twitter by portraying it as rife with antisemitic content.
Analysis: Suspicions grow that government schemes are pumping up new build house prices
A divide has emerged between the price of new builds and second-hand homes, writes Paul O’Donoghue.
Last month
November 2023
Sponsored
Lidl's Black Friday offers are here
From TVs to air fryers, Lidl has it all - at great prices too.
IBM pulls ads from X after report says they appeared next to antisemitic posts
The European Commission also said that it is pausing its advertising on X today.
Chair of RTÉ board says there was a 'lapse of control' around the Toy Show Musical
The Board took a “fait accompli” approach to the project, despite knowing its failings.
Pfizer to cut 100 jobs at Newbridge plant as it scales down Covid-19 vaccine production
Workers’ union Siptu has requested to meet with the plant’s management in an attempt to save some, or all, jobs.
WeWork's expensive gamble is summed up by its plans in Dublin's Central Plaza
The US firm is deep in crisis, with reports earlier this week revealing it intends to file for bankruptcy.
Corporation tax receipts fall by €1 billion in October, declining for a third consecutive month
In total, the state collected €5.1 billion in revenue in October.
WeWork planning to file for bankruptcy to restructure debts, according to reports
In August, the company said there was “substantial doubt” over its ability to stay in business.
October
October 2023
Sponsored
Discover TG4's jam-packed November schedule
Enjoy cosy nights at home with some must-watch TV.
ArcelorMittal transfers ownership of Kazakh mine to state after 32 workers die in fire
Over a dozen people are still missing inside the mine.
Government may increase money available to businesses damaged by flooding, Eamon Ryan says
Under a current scheme, businesses affected by flooding can avail of up to €20,000 for damage to their premises.
Paddy Cosgrave resigns as Web Summit CEO amid controversy over Israel comments
A host of companies and speakers have withdrawn from the event following comments made by Cosgrave.
540 people face redundancy as Nestlé-owned baby formula plant in Limerick set to close
The plant is expected to fully close by 2026.
Wetherspoons selling pubs in Cork, Waterford and Carlow for €10m
Three pubs will be sold as going concerns but the UK group will hang onto its Dublin and Belfast outposts.
Analysis: The government's three Budget policies which could throw €500m into a housing money pit
Voters are entitled to an explanation on how the three policies will help deal with the state’s many housing issues, writes Paul O’Donoghue.
FTX Trial: Founder's top exec testifies against him in crypto-fraud trial
Caroline Ellison told the court that Sam Bankman-Fried directed her to commit crimes in the company.
Why a former €98m company's poor fortunes could prove painful for Ireland's stock exchange
Paul O’Donoghue takes a look at HealthBeacon’s rollercoaster journey.
Irish GDP set to contract for the first time in over a decade, ESRI says
The ESRI report states that this is the first episode of negative GDP growth since 2012.
Corporation tax receipts fall to €1.8 billion in September, exchequer returns show
It is the second consecutive month in which corporate tax declined year-on-year.
September
September 2023
Intergenerational fairness? The question mark over making people 66 and older pay PRSI
Ireland’s population is ageing and we need more money from PRSI for pensions – but who’s going to pay it?
Why a Dublin firm’s mega-merger has plunged the Irish stock exchange into an existential crisis
Euronext Dublin’s niche could be building a home for up and coming businesses looking to scale quickly and which want a jumping off point into the wider European market, writes Paul O’Donoghue.
Apple to update iPhone 12 in France over radiation concerns from regulators
France had ordered a halt to sales of the device this week after finding that the phone emitted more electromagnetic waves than permitted.
TikTok fined €345 million by Ireland's data watchdog over processing of children’s data
Tiktok said that it “respectfully disagreed” with the level of the fine imposed and said it related to features and settings in place three years ago.
The Late Late Show bags new sponsor ahead of show's return tonight
Permanent TSB says it is partnering up with a “national institution”.
Minister calls on Pepper to be 'absolutely clear' with customers about new fixed mortgage interest rate
Mortgage holders with non-banks and vulture funds can now switch to one of the pillar banks, says Minister McGrath.
The government's blind devotion to Help to Buy has likely cost Irish taxpayers €240 million
The state is spending hundreds of millions a year on the Help to Buy Scheme – but around one third of that is going towards people who don’t need it.
This year
2023
The European Union's tough new laws on social media content have officially come into force
Platforms with at least 45 million monthly active users will be subjected to fulfil every new obligation.
Why Ireland’s biggest private landlord is struggling - despite average rents of €1,800 a month
The short answer: interest rates.
People Before Profit propose scrapping TV licence and funding RTÉ through a new 'Big Tech Tax'
The party’s self labelled “radical plan” proposes to increase RTÉ’s budget to €500 million through public funds secured by the new tax.
Tourism Ireland announce Ronan O'Gara as the face of Cork in France
The Corkman will advertise Cork to the French in hopes holidaymakers visit the county during the off-season.
San Francisco warns Musk he needs permit for giant, flashing X sign
Local residents complained about the flashing lights emitting from the sign at night.
National Lottery operator to be bought by French gambling company for €350m
Française des Jeux has agreed to purchase the Lotto operator, Premier Lotteries Ireland, for €350 million.
European Central Bank increases interest rates for the ninth time since last summer
The ECB last increased its interest rates on 15 June by 0.25%.
Barbie smashes Irish box office with biggest opening weekend this year or last year
The Cillian Murphy-fronted Oppenheimer also packed in moviegoers for a bumper weekend at Irish cinemas.
Ryanair records €663m profit for three months to June but warns of falling winter demand
Ryanair fares up 42% on average, at €49, and passenger traffic grew 11% compared to last year.
X lives: Twitter's CEO says rebrand 'is here' and Elon Musk changes bio to X.com
Tweeting a picture of the company’s new logo this morning, Twitter’s CEO said “X is here! Let’s do this.”
'Weight-based' tax for cars considered to offset the annual €1.5b cost of switching to EVs
Recent reports suggest the introduction of an increase to registration tax, congestion charges and weight-based charges.
Ten businesses issued with closure orders last month by Food Safety Authority
A sushi restaurant that didn’t identify hazards of raw fish and a creche in Wexford were issued with orders.
Aviation watchdog obtains €348,000 in refunds for passengers in 2022
1,253 complaints were made against Aer Lingus and 830 were made against Ryanair.
Cross-border trade between Ireland and the North 'increased significantly' since Brexit: ESRI
These figures, according to the ESRI report, signify “high levels of trade integration across the border”.