Posts by splash

US firms have warned the Federal Reserve that the cost of President Donald Trump’s tariffs will likely be borne by consumers, according to minutes of the bank’s most recent rate decision. Since returning to office in January, Trump has embarked on a stop-start tariff rollout that has unnerved investors and shaken global financial markets. The…

Dublin Airport is expecting almost half a million passengers over the coming bank holiday weekend. The airport is expecting more than 115,000 passengers every day between Friday and Monday, with a total of 480,000 set to pass through its two terminals. The four days between Friday and Monday will see almost 250,000 passengers departing from…

Average weekly earnings surpassed €1,000 in the first three months of this year, according to new figures from the Central Statistics Office. Weekly earnings were up 5.6% from €972 in the first quarter of 2024 to €1,026 in the first three months of this year. The figures cover all sectors across the economy excluding agriculture…

Ireland has gone backwards in its attempts to achieve its greenhouse gas emissions targets, according to an updated analysis by the Environmental Protection Agency (EPA). The latest greenhouse gas emissions projections from the EPA said emissions could fall by up to 23% by 2030 if every climate policy and measures currently planned by the Government…

IDA Ireland sought the views of Irish-based pharmaceutical companies on the EU’s draft list of retaliatory measures to US tariffs earlier this year as part of the Government’s response to the European Commission on the proposals. The European Union published a list of imports from the US which could face tariffs as part of the…

The euro could become a viable alternative to the dollar, earning the 20-nation bloc immense benefits, if governments could only strengthen the bloc’s financial and security architecture, ECB President Christine Lagarde said today. Unnerved by erratic US economic policy, global investors have been reducing their exposure to dollar assets in recent months but many have…

The European Commission has said that President Ursula Von der Leyen and US President Donald Trump have agreed to fast track trade negotiations and to stay in close contact following last night’s phone call. Mr Trump has said he would pause his threatened 50% tariffs on the European Union until 9 July, after a “very…

A new report shows that while export-driven economic growth in the first quarter of this year may not be sustainable, efforts to boost domestic tourism should help to sustain employment and support more balanced growth. But the latest SME Monitor from Banking & Payments Federation Ireland (BPFI) also shows that cost pressures and price increases…