The Trump administration is in talks with Intel to have the US government potentially take a stake in the struggling chipmaker, Bloomberg News reported today, citing people familiar with the plan. Such a move would mark another intervention by US President Donald Trump in industries seen as vital to national security. Trump has pushed for
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UK economy grows by stronger-than-expected 0.3% in Q2
Britain’s economy grew by a faster-than-expected 0.3% in the second quarter of 2025 after growth of 0.7% in the first three months of the year, offering a boost to finance minister Rachel Reeves, official figures showed today. Economists polled by Reuters, as well as the Bank of England, had forecast 0.1% growth in gross domestic
Read More...Government expected to hold Budget 2026 on 7 October
Budget Day will take place on Tuesday, 7 October, according to Government sources. Budget 2026 comes against the backdrop of 15% tariffs on goods exported to the US, and threats by US President Donald Trump of even higher tariffs on pharmaceuticals. Last month, Minister for Finance Paschal Donohoe and Minister for Public Expenditure and Reform
Read More...Mortgage interest rates fall slightly in June
The average interest rate on new mortgages in Ireland fell slightly in June, according to new figures from the Central Bank. The average interest rate on new mortgages was 3.6%, down one basis point from 3.61% in May. The average fixed rate was 3.52%, while the average variable was 4.08%. Despite the downward trend, Ireland
Read More...64% of SMEs unaffected by crime in past 12 months
64% of Irish SMEs were unaffected by crime in the past 12 months, according to new research by ISME. Of the 36% which did experience crime, 68% were targeted more than once. Anti-social behaviour, vandalism, burglary and phishing attacks were the most common offences. For businesses affected, the costs are considerable with 28% reporting increased
Read More...How do older employees view age discrimination in the workplace?
What does ageism in the workplace look like? It can be hiring bias, stereotyping, early layoffs, forced retirement, microaggressions or exclusion. Sometimes it’s loud and visible; other times it’s subtle and silent. Unlike many other forms of workplace discrimination, ageism often remains invisible and undiscussed, yet it profoundly affects the lives, careers, and mental well-being
Read More...US consumer prices increase moderately in July, as data quality concerns rising
US consumer prices increased moderately in July, though rising costs for goods because of import tariffs led to a measure of underlying inflation posting its largest gain in six months. The US consumer price index rose 0.2% last month after gaining 0.3% in June, the Labor Department’s Bureau of Labor Statistics said today. In the
Read More...Norway wealth fund posts half year $68 billion profit
Norway’s $2 trillion sovereign wealth fund, the world’s largest, posted a 698 billion Norwegian crowns ($68.28 billion) profit for the first half of the year, lifted by strong returns among stocks in the financial industry, it said today. The fund’s overall return for the January-June period was 5.7%, which was 0.05 percentage point lower than
Read More...Lenders banking on customer apathy on mortgage rates – survey
The latest doddl.ie Mortgage Switching Index suggests that thousands of mortgage holders on variable rates could be paying over 2.25 percentage points more than necessary. Doddl.ie said that despite the return of sub-3% variable rates to the market, many borrowers remain on legacy variable products of up to 5.25%, adding that while fixed rates have
Read More...Australian central bank cuts key rate, warns of uncertainty
Australia’s central bank cut its key interest rate to its lowest in two years today, but warned global challenges continue to cause uncertainty. The Reserve Bank of Australia cut the cash rate by 25 basis points to 3.6%, citing steady progress in bringing inflation down. “Uncertainty in the world economy remains elevated,” the bank’s monetary
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