The News

UK inflation unexpectedly rises to highest since January 2024

Britain’s annual rate of consumer price inflation unexpectedly rose to its highest in over a year at 3.6% in June, official figures showed today, potentially making it a tougher call for the Bank of England to cut interest rates next month. June’s reading from the Office for National Statistics took the annual CPI rate to […]

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EU says could target €72bn of US goods if tariff talks fail

The European Commission has said it was putting forward a new list of US goods worth €72 billion that could be targeted by EU levies if tariff talks with Washington fail. The bloc’s trade chief, Commissioner Maros Sefcovic, announced the proposal, “accounting for some 72 billion euros’ worth of US imports”, at a meeting with […]

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Bitcoin tops $120,000 for the first time

Bitcoin surpassed $120,000 for the first time today, marking a milestone for the world’s largest cryptocurrency as investors bet on long-sought policy wins for the industry this week. Bitcoin scaled a record high of $123,153.22 before pulling back slightly to trade 2.4% higher around $122,000. Later in the day, the US House of Representatives will […]

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Budget 2026 must be ‘sensible and prudent’ – Ibec

Business group Ibec has said Budget 2026 must be “sensible and prudent” given the fragile global environment. Launching its pre-budget submission, it urged the Government to take a “measured and strategic approach”. The group has also called for targeted investment in areas that enhance productivity and competitiveness. It said sound economic policy must focus on […]

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Is the big AI job displacement already under way?

The impact of artificial intelligence (AI) on employment came into sharp focus this week. On Tuesday, Minister of State with responsibility for AI Niamh Smyth, told the Oireachtas Committee on Artificial Intelligence that there will be a certain amount of job displacement because of AI. Also this week, the latest ‘Employment Monitor’ from recruitment firm […]

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Over 2,100 pub closures in last 20 years, report finds

More than 2,100 pubs across the country have closed since 2005, according to a new report. The study, commissioned by the Drinks Industry Group of Ireland (DIGI), found that an average of 112 pubs stopped trading every year over the last 20 years. DIGI said the report concluded the number of pubs in Ireland is […]

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