Oil spike squeezes Ryanair profits
Ryanair has reported profits down by one third in the period April to June this year as a result of an “oil price spike”. Profits after tax fell from €820…
EU waters down ETS
The European Commission has unveiled a sweeping overhaul of its flagship Emissions Trading System (ETS), offering heavy industrial polluters more time to cut emissions in exchange for guaranteed domestic investment.…
EU approves electricity discount for Irish energy-intensive industries
The European Commission has approved a government scheme to provide up to €300 million in temporary electricity price relief to Irish energy-intensive companies. Companies will be able to claim back…
EU aid for horticulture
European Commission announced on Friday that it had approved €2 million Irish State aid for horticulture companies facing increased fuel prices. Announcement in full: “The European Commission has approved a…
Taoiseach addresses European Parliament
Taoiseach Micheál Martin’s speech in full to the European Parliament in Strasbourg to mark the start of Ireland’s presidency of the Council of the European Union on Tuesday 7 July…
Waves could meet all of Ireland electricity needs and more
Ireland’s coastline could meet our electricity needs four times over, that’s according to a new report. Ocean Energy Europe, which represents the offshore power industry, says that Ireland is better…
IMF urges Ireland to ‘future proof’ economy
Ireland has proven to be “resilient” against consecutive international shocks, but the government needs to work to “future-proof” the economy as growth begins to cool, the International Monetary Fund (IMF)…
Trump threatens revenge against European digital taxes
US President Donald Trump has threatened to impose “100 percent tariffs” on any country with a digital services tax. The EU is currently considering new ways to raise money. An…
Union calls for workplace heat stress directive
As much of Europe sweats it out in a heatwave that has seen record breaking temperatures, the European Trade Union Institute (ETUI) says workers should be better protected by law…
Still too few homes under construction
Not enough new homes are being built to meet demand, the Economic and Social Research Institute (ESRI) has warned. In its latest economic update, the ESRI is positive about the…