Bank of Ireland said new analysis shows that competition for homes intensified during the summer with almost 40% of transactions now being settled at a minimum 10% premium over the original asking price. The bank noted that the average mortgage approval for house purchase was €318,300 in July, up 6.2%. Bank of Ireland said this […]
Nearly one third of all jobs are poised to be fundamentally transformed by generative artificial intelligence (GenAI), according to a new study. The research by management consulting firm Sia Partners shows that more than 80% of tasks in these roles are primed for automation, driven by the rapid expansion of Large Language Models (LLMs) and […]
21% of adults here do not have any financial arrangements in place for retirement, a new survey has found. That is up four percentage points on last year, according to the research by the Competition and Consumer Protection Commission (CCPC). The consumer watchdog also found the absence of provision increases to 28% among those aged […]
90% of Irish CEOs believe there will be a return to pre-pandemic ways of working in the office within the next three years, according to new research. KPMG’s 10th annual CEO Outlook survey shows that Irish business leaders have strong confidence in the local and global economy, as well as significant plans to invest in […]
New research shows that 84% of businesses are planning to increase pay in 2025, with respondents forecasting an average increase of 3.4% across all business sectors. Business group Ibec has published the first part of its annual HR Workplace and Trends report showing that 85% of respondents increased basic pay by an average of 4.1% […]
New figures from the Central Statistics Office show that residential property prices grew by 9.6% in the year to July – their highest growth rate in 21 months. The CSO said the national residential property price index is now 12% above the April 2007 peak of the country’s last property boom. Today’s CSO figures show […]
The euro zone’s current account surplus shrunk in July on a lower trade surplus and a drop in primary income, which includes the flow of profits, wages, interest income and dividends into and out of the bloc, European Central Bank data showed today. The seasonally adjusted current account surplus fell to €39.6 billion in July […]
The US Federal Reserve has cut interest rates by half of a percentage point, kicking off what is expected to be a steady easing of monetary policy with a larger-than-usual reduction in borrowing costs that followed growing unease about the health of the job market. “The committee has gained greater confidence that inflation is moving […]
Dealing with the pent-up demand for housing and continued growth in the population will require building 52,000 homes a year over 25 years, the Central Bank has forecast. It has also calculated that if the Government wanted to reduce the deficit of homes over a decade and meet demand it would need to build almost […]
A bill that seeks to abolish age-based sub-minimum pay rates for younger workers will be discussed today by the Oireachtas Committee on Enterprise, Trade and Employment. Current legislation allows for lower or sub-minimum rates for people aged under 20. The minimum wage for those aged 19 is 90% of the prevailing rate, for those aged […]
