Nearly eight in ten international banks in Ireland say global political tensions could hit their business in the next five years. That’s according to a new report by the Federation of International Banks in Ireland (FIBI) and Banking and Payments Federation Ireland (BPFI). FIBI represents more than 30 international banking and investment organisations – including…
Category Archives: News
The Minister for Finance and President of the Eurogroup Paschal Donohoe is in Brussels this week to chair the Eurogroup meeting today and attend the Economic and Financial Affairs Council (ECOFIN) meeting tomorrow. At the Eurogroup meeting, Mrr Donohoe will update his colleagues on the latest developments at the recent IMF Spring meetings, including key…
The European Central Bank should stop cutting borrowing costs as turmoil in the global economy is fuelling price pressures and inflation was at risk of exceeding the bank’s 2% target in the medium term, ECB board member Isabel Schnabel has said. The ECB cut interest rates seven times in the past year as inflation has…
Oil prices rose more than $2 today after the US and China said they would ease some of their tariff measures, lifting market sentiment that the world’s two largest crude users may be moving toward resolving their trade dispute. Brent crude futures climbed $2.11, or 3.3%, to $64.14 a barrel this morning. US West Texas…
New figures from the Central Statistics Office show that annual consumer prices rose to 2.2% in April from 2% a month earlier. The CSO said this marks the second month in a row where inflation has been at, or above, 2%. The CSO also said the Harmonised Index of Consumer Prices (HICP), which strips out…
China’s exports topped forecasts in April, buoyed by demand for materials from overseas manufacturers who rushed out goods to make the most of US President Donald Trump’s 90-day tariff pause. The fortunes of trade-reliant businesses on both sides of the Pacific now hinge on talks between China and the US taking place in Switzerland this…
Senior civil servants are to highlight concerns over the use of artificial intelligence in the public service at the annual conference of the Association of Higher Civil and Public Servants. Delegates will gather in Portlaoise to discuss a range of motions put forward by the union’s more than 4,000 managers across 50 branches in the…
Taoiseach Micheál Martin will meet the President of the European Commission Ursula von der Leyen in Brussels this morning. His visit coincides with the EU publishing its proposed countermeasures to US tariffs, which would be implemented if it proves impossible to reach a trade deal with the Trump administration. The agenda for this morning’s meeting…
Faster housing delivery could mitigate the impact of tariffs, according to the latest report from Davy. Updated forecasts from the Department of Finance show that economic growth will slow next year due to US tariffs. Davy believe that this presents a compelling rationale for the Government to use all available levers to accelerate housing and…
The Government has published new guidelines for the responsible use of artificial intelligence (AI) in the public service. The framework advises against the use of free generative AI (GenAI) models. This would include popular chatbot tools like ChatGPT and DeepSeek. “Free GenAI tools are very accessible but because they lack suitable management and oversight pose…