The increased volume of AI-generated videos online could eventually turn people away from social media platforms, an expert has said. Social media platforms are embracing AI-generated content because it creates advertising revenue, according to Dr Constance de Saint Laurent, who is Assistant Professor of Sociotechnical Systems at Maynooth University, but added that it might not
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Property prices grow at slowest annual pace in 17 months – CSO
Residential property prices grew by 7.4% in the year to August, the lowest rate since March last year and unchanged from the year to July, new figures from the Central Statistics Office show today. The CSO said that property prices outside of Dublin were 9.2% higher in August of this year compared to a year
Read More...ICS Mortgages cut interest rate and fees for housing bridging loans
ICS Mortgages is to reduce the interest rates and fees across its Housing Bridging Loan products. From October 16, ICS said the rate on its housing bridging loans will reduce to 10% from 12% a year. Its arrangement fee will fall to 1% from 2%, while its exit fee will be reduced to 0% from
Read More...Building activity falls for fifth month in a row, including residential
Building activity, including residential construction, has declined for a fifth month in a row, a monthly survey by AIB has shown. The bank’s sampling of purchasing managers in the construction sector indicated there were falls across housing, commercial and civil engineering. The survey said that a continuing downturn in the sector had gathered pace in
Read More...What could burst the AI bubble?
Some of the world’s biggest tech firms have soared in value over the last year. As AI evolves at pace, there are hopes that it will improve lives in ways that people could never have imagined a decade ago – in sectors as diverse as healthcare, employment and scientific discovery. OpenAI is now worth US$500
Read More...Gold hits record high on US rate cut bets, silver follows suit
Gold prices climbed to a record high above $4,100 today on increased US Federal Reserve rate cut prospects, while resurgent US-China trade woes boosted safe-haven bets, including those for silver, which also reached an all-time peak. Spot gold rose 1.7% to a record high of $4,179.48 per ounce, early this morning. US gold futures for
Read More...Have the low-cost retailers fired the opening shots of a grocery price war?
On Friday, Lidl reduced the prices of its own-brand milk range, claiming to be the first grocery retailer in Ireland to cut the price of the product since 2023. It’s not a major reduction, one litre of Lidl’s milk is now 6c cheaper, with the price of a two litre container coming down by 10c.
Read More...Are you pretending to work? The slow demise of the corporate job
Analysis: A growing segment of the corporate workforce know their jobs make no real contribution and that what they do each day is meaningless There is an old Soviet joke that conveys the cynicism that helped sink their economy: “they pretend to pay us, and we pretend to work”. In a recent article, Alex McCann
Read More...Trump announces 100% tariff on US imports from China
US President Donald Trump revived the trade war against China yesterday, ending an uneasy truce between the two largest economies with promises to sharply hike tariffs in a reprisal against China curbing its critical mineral exports. The US president unveiled additional levies of 100% on China’s US-bound exports, along with new export controls on “any
Read More...Budget measures to result in small income losses next year – ESRI
The measures announced in Budget 2026 will result in small income losses next year, according to an analysis from the Economic and Social and Research Institute. In its post-Budget briefing, the ESRI said the losses will average 2% of household disposable income. The organisation said the withdrawal of temporary cost-of-living measures is “responsible for much
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