325m barrels released from oil reserves since March – IEA
The International Energy Agency has said that member countries had so far released 325 million barrels of oil and oil-derivative products from strategic reserves, from 400 million barrels promised in…
€10 rise in State pension likely amid Budget talks
The Government looks set to agree on a €10 increase to the State pension and core welfare payments as discussions around Budget 2027 continue. A number of departments are likely…
Irish Mist sale sees brand return to Irish ownership
Co Offaly-based drinks brand Irish Mist has been sold by US company Heaven Hill Brands to Dublin-based drinks business, the Old Canal Quay Spirits company. The Old Canal Quay Spirits…
How is the EU dealing with energy price shocks?
The EU is in the grip of another energy price shock, thanks to the US-Iran war - now in its eighth month - and Russia's war against Ukraine. Restrictions remain…
Watch: Award-winning cucumber farmer’s Budget hopes
Cucumber producer Shane Halpin has been reflecting on the "whirlwind" few weeks since he was crowned FBD Young Farmer of the Year. The horticulturalist's success is particularly noteworthy, given that…
Govt breaking its promise on spending increases
Last year, Minister for Finance Simon Harris and Minister for Public Expenditure Jack Chambers promised the days of continuous spending overruns were at an end. Their message was that the…
Yields may curb impact of expensive energy – ECB’s Rehn
Energy prices are approaching the European Central Bank's "adverse" scenario, but soaring long-term borrowing costs limit just how much of this inflation can be transmitted through to the broader economy,…
Planned strike at Oberstown detention centre suspended
A planned strike next week by members of the Fórsa trade union at Oberstown Children Detention Campus in Dublin has been suspended to allow for further talks. The workers were…
Gas Networks Ireland opens new Cork biomethane facility
Gas Networks Ireland is opening its new €32m Central Grid Injection (CGI) facility in Mitchelstown in Co Cork today, which the company says marks a significant milestone in the development…
Oil drops over 3% on talks over diesel stock releases
Oil prices fell more than $3 and European gasoil futures dropped over 4% today after reports of talks in Europe on additional diesel and crude stock releases, easing concerns over…
Nike plans more job cuts to boost sputtering turnaround
Nike is deepening its restructuring under CEO Elliott Hill as its woes in China intensify, announcing a plan to cut more jobs and shake up its global business divisions after…