US President Donald Trump has said he is planning to announce tariffs on imported semiconductor and pharmaceuticals, saying the rate for medicines could reach 200% but that he would give drugmakers about one year “to get their act together”. “We’re going to give people about a year, a year and a half to come in…
Category Archives: News
A national campaign has been launched to raise awareness of the new pension auto-enrolment scheme which is now called “My Future Fund”. The multimedia advertising campaign will inform people about how the new system will work, who can participate, and what it will mean for them. The scheme will be rolled out from 1 January…
US President Donald Trump has signed an executive order delaying the date on which so-called “reciprocal tariffs” affecting dozens of economies, including the EU, will take effect. The Wednesday deadline for steeper levies will be pushed back to 1 August, according to the order. Earlier, White House Press Secretary Karoline Leavitt told reporters the deadline…
The level of home building slipped for the second successive month in June, according to AIB’s latest Construction PMI report. AIB’s Ireland Construction Total Activity Index also posted below the 50 no-change mark for the second month in a row in June – falling to 48.6 in June from a reading of 49.2 in May….
Tánaiste Simon Harris has said the coming hours will be crucial ahead of Wednesday’s deadline for the end of the US “pause” on higher tariff rates. Mr Harris will spend much of the day engaging with officials and the EU Trade Commissioner as a final push is made to find a way forward between the…
Asking prices for houses and apartments are rising at 7% annually, according to the latest quarterly report by property website MyHome.ie in conjunction with Bank of Ireland. The report said asking prices outside Dublin are rising by 7.9% and prices in the capital are up 5.1%. According to the report, the average mortgage approved in…
Investor sentiment in the euro zone improved more than expected in July to hit its highest level in more than three years, a survey showed today, as the bloc’s economic recovery broadened. The Sentix index for the euro zone rose to 4.5 from 0.2 in June, beating the 1.1 forecast from analysts polled by Reuters…
The amount of money collected in tax in the first half of the year rose almost 7% to €47.7bn compare to the same period last year reflecting strong economic growth despite concerns about the impact of US tariffs. Most major categories of taxation are performing ahead of or in line with expectations so far in…
60% of US multinationals that are members of the American Chamber of Commerce Ireland plan to increase employee numbers here over the next year. The findings of a new survey carried out by the American Chamber also show that a further 32.5% of US companies say they will maintain their current workforce levels. Ahead of…
There has been no immediate breakthrough in the EU-US trade negotiations, according to the EU’s trade commissioner Maroš Šefčovič, while Donald Trump plans to start sending letters informing trading partners of their tariff rates as soon as today. In a message posted on social media, Mr Šefčovič said he was returning to Brussels after talks…