Syndicated News

WTO meets with calls for consensus amid geopolitical tensions

The World Trade Organization today opened a high-level ministerial meeting in Abu Dhabi with calls for consensus as geopolitical tensions and the looming US election undermine chances of a major breakthrough. The WTO’s 13th ministerial conference (MC13), scheduled to run until Thursday in Abu Dhabi, the capital of the United Arab Emirates, is the first

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Thousands facing mortgage bill hike as fixed terms end

While tracker and variable mortgage customers have borne the brunt of the European Central Bank’s interest rate raising programme, those who managed to fix at the right time have remained largely insulated from its historically high interest rates. According to the Central Bank, Irish banks’ fixed mortgage customer were enjoying an average interest rate of

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Consumer sentiment dips in February after January bounce

Consumer sentiment fell again in February, undoing some of the gains it made a month earlier. The Credit Union Consumer Sentiment Index dropped to 70.2 in the month, down from 74.2 in January. The research’s author, Austin Hughes, said the dip in sentiment is not surprising as the gain in January was significant, but most

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Location for EU Anti-Money Laundering Agency to be decided

The competition to select a city to host the new EU Anti-Money Laundering Agency (AMLA) will get underway in Brussels today, with Dublin in contention along with eight other cities. Ireland is competing against eight other member states – France, Belgium, Spain, Germany, Italy, Latvia, Lithuania and Austria – to host the agency, which would

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Vast majority of Irish tech start-ups embracing AI – survey

The vast majority of Irish tech start-up and scaling companies are deploying or preparing to deploy artificial intelligence (AI) according to a new survey. The research from Scale Ireland also shows that finance is still the biggest challenge facing indigenous founders. The 2024 State of Start-ups Survey reveals that 82% of respondents are deploying or

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Ireland’s national debt stands at €42,000 per capita

Ireland’s national debt continued to fall last year but remains one of the highest in the world at €42,000 per capita, the Department of Finance’s report on public debt shows. Only Japan, Belgium and Italy have higher levels of borrowings per person. The country’s gross public debt stood at €223 billion in 2023 down from

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Credit Unions report mortgage lending up 15%

Mortgage lending at credit unions was up 15% in the last three months of the year, with the mortgage book now over €500m for the first time. The Irish League of Credit Unions represents 92% of the total active credit unions here. Its quarterly results show an overall increase in lending across all areas of

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Big jump in cyber-attacks using stolen identities – IBM

There has been a 71% global spike in cyber-attacks involving stolen identities according to IBM. Its latest X-Force Threat Intelligence Index found there was a growing trend in 2023 of cyber-criminals logging into corporate networks using stolen credentials as opposed to hacking into systems. The report is based on insights and observations from monitoring over

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Lower income households disproportionately hit by effects of indirect taxes

Lower income households are disproportionately hit by the effects of indirect taxes like VAT and carbon taxes when compared to those with higher incomes, a new analysis has found. The findings from the Parliamentary Budget Office (PBO) report show that on average Irish households pay €151 per week in indirect taxes. Overall, this amounts to

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Faulty goods, services cost nearly €1bn last year – CCPC

The cost to consumers in Ireland to deal with faulty goods and services last year was close to €1 billion, according to the Competition and Consumer Protection Commission (CCPC). The commission calculated the figure based on initial financial outlays by consumers, additional charges added on, and the inconvenience of resolving problems. The CCPC is charged

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