Ireland

Potential Tariffs on Botox Products Could Increase Prices for Users in Ireland

10 hours ago

Users of Botox, the acclaimed cosmetic treatment known for smoothing out wrinkles, may soon find themselves facing increased costs as Ireland considers implementing new tariffs. These tariffs are being contemplated as part of a broader trade strategy, and experts suggest that this move could directly impact both the price and availability of Botox in the region.

Avant Money Transforms into a Branch of Bankinter: A New Era for Irish Banking

2 days ago

In a significant development within the financial sector, Avant Money has officially transitioned into the Irish branch of the Spanish banking giant, Bankinter. This move marks a strategic expansion for Bankinter, which aims to establish a robust foothold in the rapidly evolving Irish banking landscape.

Ireland's Booming Trade Surplus with the U.S. Reaches New Heights

14 days ago

In an impressive economic development, Ireland's trade surplus with the United States has surged significantly, reflecting robust trade dynamics between the two nations. The latest reports indicate that the widespread demand for Irish goods and services in the U.S. market has contributed to this positive trend, where exports are outpacing imports at an unprecedented rate.

Irish Economy Faces Uncertainty as Central Bank Lowers Growth Forecast Amid Trump Trade War Threats

15 days ago

The Irish economy is bracing for potential turmoil after the Central Bank of Ireland announced a downward revision in its economic growth forecast. The adjustment comes in light of rising tensions stemming from trade concerns related to the policies initiated by the Trump administration in the United States. This development has raised alarms about the impact of international trade disputes on Ireland's robust economic performance.

Ireland's Business Landscape Under Scrutiny: A Focus on Big Tech and Pharma Profits

17 days ago

In recent months, Ireland has emerged as a focal point for discussions surrounding corporate taxation and foreign profits, particularly in light of the significant earnings reported by major technology and pharmaceutical companies operating within its borders. This newfound attention is drawing interest from various international political personalities, including former President Donald Trump who has referred to the situation as a "scam." His comments have ignited debates over Ireland’s favorable corporate tax policies that have attracted a plethora of multinational corporations, allowing them to minimize tax burdens significantly.

UK and Ireland Forge Data Alliance to Enhance Energy Security

28 days ago

In a significant move aimed at bolstering energy security in the region, the United Kingdom has entered into a landmark data-sharing agreement with Ireland. This strategic partnership is designed to optimize energy management and address potential vulnerabilities in the energy grid as both nations face increasing pressures on their energy systems.

Bank of England’s Bailey Warns: Labour’s Northern Ireland Tax Increase Could Fuel Inflation

29 days ago

In a recent statement, Bank of England Governor Andrew Bailey addressed concerns regarding the potential inflationary impact of a proposed tax increase by the Labour Party in Northern Ireland. This tax change, which aims to address budgetary pressures, has raised eyebrows among financial analysts and economic policymakers alike. Bailey’s comments underscore the delicate balancing act that the government faces in managing fiscal policy against the backdrop of ongoing inflationary trends in the UK.

AIB Predicts Dramatic Dip in Irish State Stake by May 2025

29 days ago

According to recent statements from Allied Irish Banks (AIB), the financial institution anticipates a significant reduction in the Irish government's share ownership in the bank, potentially dropping to single digits by May 2025. This shift is attributed to the ongoing sale of the state's stake, which has been a topic of discussion since the financial troubles faced by AIB in the past decade.

Ireland Greenlights Construction of LNG Facility to Bolster Energy Security

30 days ago

In a significant move aimed at enhancing its energy security, Ireland has officially approved the development of a liquefied natural gas (LNG) facility. This decision comes amidst growing concerns over energy supply stability and the country's dependence on external sources for its gas needs.

Bank of Ireland Announces Job Cuts Amid Efficiency Revamp

1 month ago

The Bank of Ireland has disclosed plans to implement significant job reductions as part of an ambitious strategy aimed at enhancing operational efficiency. This development comes as the institution grapples with rising costs and evolving market conditions, signaling a broader trend within the financial sector that prioritizes modernization and cost management.