Home ownership rates among young working adults in Ireland have collapsed in the face of rising house prices, according to a new report, which warns that a greater proportion of future retirees are likely to be financially exposed when they stop working as they will have to pay rent. Eoin Burke-Kennedy has the details.
Businessman Denis O’Brien’s Digicel has told its debt investors that the planned $1.6 billion (€1.56 billion) sale of its Pacific unit is expected to close by the end of July, after it agreed to enter arbitration to resolve a surprise Papua New Guinea tax bill that landed after the deal was struck. Joe Brennan reports.
The invention of cryptocurrencies has forced everybody involved and above all the central banks — the agents of the state in managing the public good of money — to confront this question, writes Martin Wolf. If crypto is not the answer, what is?
With all eyes now on the pressures being faced by Dublin Airport as its staff and infrastructure contend with the rapid rebound in passenger numbers following the easing of Covid-19 restrictions, developer Gerry Gannon’s sale of the former Quickpark car park should attract heightened attention from investors. Ronald Quinlan reports.
A Bill that would give preferential creditor status to groups of workers made redundant as a result of the collapse of a company is an attempt to ensure that what happened to Debenhams employees “can never happen again”, the Irish Congress of Trade of Unions (Ictu) will tell a Dáil committee on Wednesday. Ian Curran reports.
Insurers are at a loss to understand the sudden hard-line approach taken by pensions regulators just days in advance of a deadline for compliance with new governance rules. The regulator, the Pensions Authority, has threatened action up to prosecution of anyone not fully compliant with the new arrangement. Dominic Coyle has the details.
The slow but steady revival of Grafton Street as Dublin’s foremost shopping destination continues with Skechers making the decision to open a new stand-alone store in the premises occupied formerly by Tommy Hilfiger, writes Ronald Quinlan.
The directors of an award-winning clean-tech company have moved to wind down the insolvent business after a number of “challenging trading years”, a spokesman said. Ian Curran reports.
Jersey-headquartered fund services group Ocorian is targeting “aggressive growth” in Dublin’s €3.88 trillion international funds hub, after securing three key permits from the Central Bank of Ireland, writes Joe Brennan.
British billionaire Mike Ashley’s Fraser Group has completed its purchase for €18.25 million of Galway city’s Corrib Shopping Centre from US private equity giant Marathon Asset Management. Ronald Quinlan reports.
In the latest episode of the Inside Business podcast, Irish Times Economics Correspondent Eoin Burke-Kennedy sheds some light on the differences in the two reports, while Marian Finnegan of Sherry FitzGerald has the estate agents view. Plus: the European Central Bank is expecting to hike its interest rates from next month, with further increases anticipated as the year rolls on. Cliff Taylor explains what effect those hikes might have on house buying over the next 12 months.
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