Taoiseach Simon Harris will today chair an Online Safety Summit in Government Buildings. The purpose of the summit is to ensure the new Online Safety Framework is implemented. The Taoiseach and ministers will be briefed by regulators, as well as An Garda Síochána, on progress to date and how the Government can support their work […]
The national commercial vacancy rate hit a new high of 14.4% in June, new data shows. 30,246 commercial units were classified as vacant across the country, according to the latest GeoDirectory report. The analysis, prepared by EY, found that the commercial vacancy rate increased in 14 out of 26 counties surveyed. “While the national commercial […]
New figures from the Central Statistics Office show that the annual rate of inflation eased to 1.7% in August from an annual rate of 2.2% in July. The CSO said this is the first time since June 2021 that its official measure of annual inflation has been below 2%. Today’s figures show that the most […]
Ireland’s tech sector expects a resurgence in hiring confidence following consecutive quarters of stagnant recruitment, according to the latest Manpower Group Employment Outlook Survey. The study shows that hiring optimism in the sector has reached its highest level since the post-pandemic hiring boom. Despite this, hiring at volume is expected to remain subdued, with high-skilled […]
The domestic economy grew by almost 2% in the first six months of this year, according to latest figures from the Central Statistics Office. Today’s CSO figures show that personal spending on good and services are continuing to grow and rose by 1.1% in the second quarter of 2024. Wages grew in the quarter by […]
Growth in the service sector continued in August but the outlook weakened, new data shows. The latest Purchasing Managers Index from AIB shows that growth in new business and employment accelerated, while outstanding work increased at the strongest rate in almost a year. However, the 12 month outlook was the weakest since November 2022. In […]
Climate pollution from Ireland’s electricity sector is now at its lowest level for decades, according to new figures from the Sustainable Energy Authority of Ireland. The data shows greenhouse gas emissions from electricity generation fell by 17.2% in the first six months of this year, on top of a separate 8% reduction last year. The […]
The Wage Subsidy Scheme, which offers private sector employers a subsidy to provide employment to people with disabilities, is to be expanded. A number of changes to the scheme have been announced following a review of the initiative. The scheme pays a minimum subsidy rate of €6.30 an hour to the employer, which can increase […]
More than four out of ten people did not make full use of their full holiday entitlements last year, according to new research on annual leave. The survey undertaken by FRS Recruitment shows that almost one in five people did not take five days of annual leave or more, which in business terms represents a […]
The employment rate in Ireland has increased almost 3% to over 74%, while female participation is at a record high. New figures from the Central Statistics Office show that over 2.7 million people over the age of 15 and uder 65 were in employment between April and June. That is 71,000 more than the same […]
Mortgage lending at credit unions increased by 10% to €518 million in the three months to the end of June. That’s according to the latest quarterly results from the Irish League of Credit Unions. Mortgages now make up nearly 10% of the total credit union loan book. The ILCU puts this growth down to demand, […]
Securing an interview is a significant achievement, but the journey doesn’t end when you walk out the door. Here in Ireland, as in many places, the follow-up process is crucial in shaping a positive impression and solidifying your position as a top candidate. While Irish job seekers are often known for their humility, embracing the […]
Fares for passengers using Dublin Airport next summer could be forced higher if the number of airline seats has to be cut for the season in order to comply with the ongoing cap, Ryanair has warned. The airline has suggested that a reduction of up to 1m passengers may be required to ensure that the […]
We at Red Chair are delighted to be official sponsors of the 5th John McCarthy AI Summer School in the RDI Hub, with this years focus being AI for Sport. The event is taking place on the 12th and 13th of September 2024. It will feature keynote speeches, panel discussions, and networking opportunities. The event […]
Estate agents expect property prices nationally to increase by an average of 4.5% over the next 12 months. That is up from an expectation of growth in prices of 1% in 2024 in a previous study carried out in January. The surveys were conducted by the Society of Chartered Surveyors Ireland – SCSI – among […]
Oil prices steadied today after rising for five consecutive sessions, as markets refocused on concerns about demand after OPEC on Monday cut its forecast for demand growth in 2024 due to softer expectations in China. Benchmark Brent crude futures were down 30 cents, or 0.36%, at $82.00 a barrel as of 0820 GMT. US West […]
A total of 31,384 new residential addresses were recorded over the year to June. GeoDirectory, which records the data, said this represents a 17.1% increase on the same point a year ago. The highest proportion of the new homes were in Dublin, making up a third of the total, followed by Cork, Meath and Kildare. […]
Global equities suffered heavy losses today as Wall Street joined a global stock rout that started in Japan while the dollar tumbled against the yen and US Treasury yields dropped on concerns about a recession in the United States. Oil prices also fell in a volatile session today, hit by recession fears, but declines were […]
Intel is to cut around 15,000 jobs globally, the equivalent of 15% of its workforce. It is not yet known what impact the announcement will have on its 4,900 Irish-based employees. After announcing disappointing financial results for the second quarter of the year, Intel said it planned to deliver $10 billion (€9.27 billion) in cost […]
Activity in the manufacturing sector improved slightly in July, according to new data. The latest AIB Manufacturing PMI shows that the marginal improvement in the sector was driven by a renewed rise in output and accelerating jobs growth. Meanwhile, the contraction in new orders eased on the previous month. The headline index increased from 47.4 […]
Food technology and ingredients company Kerry Group has today updated its full year constant currency adjusted earnings per share guidance to 7% to 10% after what it called a “good performance” during the first half of 2024. Shares in the company moved higher in Dublin trade this morning. Kerry said its group revenue for the […]