Archive for July 2024
Revenue fixes problems with online tax return form
Revenue has told accountants and self-assessed taxpayers that it has fixed problems with its online tax return form that were creating difficulties for those filing, but that it will be another week before others are resolved. Chartered Accountants Ireland (CAI) has told members that Revenue has notified it that an issue regarding the 3% USC…
Read MoreGrocery price inflation edges up in July after 15 months of falls
Grocery inflation in the 12 weeks to July 7 saw a marginal gain after falling for 15 months in a row, new figures from Kantar show today. Grocery inflation now stands at 2.6%, a small increase of 0.14 points over the last month but down 11.8 points compared to the same time last year. Kantar…
Read MoreECB’s de Guindos says new data to help reassess monetary policy stance in September
European Central Bank vice-president Luis de Guindos hinted at a possible interest rate cut in September, singling out the ECB’s new projections as the “most important” factor in determining whether inflation is falling back to target. The ECB left rates on hold last week but President Christine Lagarde said its next meeting in September was…
Read MoreBeyond Numbers: How Emotional Intelligence Can Enhance Financial Decision Making
In the world of business, financial decisions have traditionally been viewed as purely analytical tasks, driven by data and rational thought. However, the integration of emotional intelligence (EI) into these decisions is proving to be a transformative approach for business leaders. This article from KAAS explores Emotional intelligence—the ability to understand and manage one’s own…
Read MoreISIF announces €229m of investments to accelerate delivery of new homes
The Ireland Strategic Investment Fund (ISIF), part of the National Treasury Management Agency (NTMA) has announced the completion of four investment commitments totalling €229m aimed at accelerating the delivery of new homes in Ireland. The new homes will be delivered for a mix of owner-occupiers, renters, students and people who need social housing. The four…
Read MoreECB’s Villeroy says market expectations for future ECB rate cuts ‘reasonable’
Market expectations for the path of future interest rate cuts by the European Central Bank are “rather reasonable,” ECB policymaker Francois Villeroy de Galhau said in an interview on French radio BFM Business today. The ECB kept interest rates unchanged yesterday, as expected, but said September’s meeting was “wide open”. “Market expectations for the path…
Read MoreJob vacancies steadied in second quarter of year
The number of job vacancies remained unchanged in the second quarter of 2024, the first time in two years there was no quarterly decline in vacancies. Hiring platform IrishJobs has today published its Jobs Index for the last three months which it said showed signs of a positive trajectory in the jobs market amid steadier…
Read MoreFlights delayed and airports impacted by tech outages
Airports and airlines across Europe are experiencing technical issues as media companies, banks and telecom firms around the world also reported that system outages were disrupting their operations. Amsterdam’s Schiphol Airport, one of Europe’s busiest hubs, is also being affected by a cyber outage, a spokesperson confirmed. “The outage has an impact on flights flying…
Read MoreOver one million domestic holidays taken last year, up 8%
The domestic tourism market grew strongly in 2023 with over 14.3 million trips taken by Irish holidaymakers which generated €3.1 billion for the economy. New figures from Fáilte Ireland show over one million extra domestic holidays were taken by Irish people in 2023, an annual increase of 8%. Related expenditure was also up by 6.5%…
Read MoreECB keeps rates unchanged, offers no guidance on next move
The European Central Bank kept interest rates unchanged as expected today, with its president Christine Lagarde saying a move in September was “wide open”. The ECB cut rates from record highs last month in a move that even some of its policymakers considered rushed after progress on lowering inflation to its 2% target stalled. With…
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