Gold prices scaled the $3,500 per ounce level to hit a record high today, as mounting expectations for a US Federal Reserve interest rate cut this month lifted demand for the precious metal. Spot gold was steady at $3,475.33 per ounce this morning, after hitting a record high of $3,508.50 earlier in the session. Bullion…
Category Archives: News
The Central Bank’s controversial authorisation of documentation issued to investors in Israeli bonds expires today. The bank has been under intense pressure from campaigners and opposition to refuse to rubber stamp prospectuses issued by Israel. However, the bank says it is legally obliged to approve the documentation if it meets requirements. The bank last night…
Mortgages aren’t meant to be set in stone – and sticking with the same one for years could mean leaving thousands of euro on the table. Whether your fixed rate is about to expire or you’re just wondering if you could do better, switching your mortgage could be a smart financial move. But how do…
New research from business group Ibec has found a big increase in the use of artificial intelligence (AI) in workplaces. The study shows that in July 2025, 40% of employees reported using AI in their workplace tasks compared with 19% in August 2024. The use of AI in specific roles rose from 12% in 2024…
AA Ireland’s latest monthly fuel price survey shows that the cost of both petrol and diesel eased in August. The price of unleaded petrol now averages €1.70 a litre, down from €1.73 in July, while the average diesel price stood at €1.68 per litre, down from €1.69 in July. AA Ireland also said that while…
Erosion of Fed independence would lead to higher inflation, ECB’s Rehn says US President Donald Trump’s escalating attacks on the Federal Reserve could have substantial and global knock-on effects on the financial markets and the real economy, including higher inflation, ECB policymaker Olli Rehn said today. Questions over the independence of the Fed, the world’s…
New figures from the Central Statistics Office show that 646,400 foreign visitors completed a trip to Ireland in July, a decrease of 1% when compared with the same month in both 2024 and 2023. The CSO said the average length of stay for the tourists was 7.9 nights, down from an average of 8.1 nights…
ByteDance, the owner of short-video app TikTok, is set to launch a new employee share buyback that will value the Chinese technology giant at more than $330 billion, driven by continued revenue growth, said three people with knowledge of the matter. The company plans to offer current employees $200.41 per share in the repurchase programme,…
American Bitcoin, the bitcoin miner backed by US President Donald Trump’s two sons, has locked in crypto and traditional investors to back an all-stock merger that will allow the firm to soon start trading on the Nasdaq, the company’s largest investor said. The unlisted firm’s merger with Gryphon Digital Mining is set to be finalised…
The European Commission asserted the “sovereign right” to regulate the activities of tech giants within the bloc and rejected claims by President Donald Trump that its rules unfairly harm US firms. Brussels has adopted a powerful legal arsenal aimed at reining in tech giants, particularly through the Digital Markets Act (DMA) covering competition and Digital…