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Oil prices fell over 3%, having already slid 9% on Monday

Oil slumps as Iran-Israel ceasefire goes into effect

Oil prices fell sharply to their lowest in more than a week today as US President Donald Trump said a ceasefire has been agreed between Iran and Israel, alleviating worries of supply disruptions in the Middle East - a major oil-producing region.

The agreement would see staff rostered over seven days, as opposed to five (Stock image)

HSE says agreement reached on weekend rosters

We pay nearly 15% more for our groceries than the average European Photo: Getty Images

How did Ireland become Europe's second most expensive country?

Nearly two thirds of Irish shoppers are looking to stretch their budgets - PwC Irish Voice of the Consumer survey

71% of Irish consumers worry about the cost of food

The Network and Information Security Directive, or NIS2, was due to be adopted by EU Member States by 17 October 2024, but Ireland missed this deadline.

New guidance issued on EU cybersecurity rules

Hopes Irish wool brand can help raise prices at farm gate

If the ECB decides to move on interest rates in the next six months, it would most likely be a cut, Villeroy said.

ECB could still cut rates despite oil market volatility

The US auto safety agency said it is "aware of the referenced incidents and is in contact with the manufacturer to gather additional information."

US safety agency contacts Tesla on robotaxi issues

Markets More

US tariffs

More US tariffs

Stellantis weighs sale among options for Maserati

US Commerce Secretary Howard Lutnick has ruled out going below a 10% baseline rate for the so-called reciprocal tariffs that cover most goods the EU exports to the US

EU increasingly resigned to 10% baseline tariff - sources

Tánaiste Simon Harris says the Government are working 'day in, day out' on getting momentum back into housing supply

Housing supply has 'plateaued' in recent years - Tánaiste

Japan's automobile sector accounted for about 28% of the total 21 trillion yen worth of goods the Asian country exported to the US last year

Japan's exports post first drop in eight months

Hasbro sources about half of its toys and games sold in the US from China

Hasbro cuts 3% of workforce amid higher tariff costs

Airbus has struck a deal with budget airline VietJet for up to 150 single-aisle jets at the Paris Air Show

Hopes rise at Paris Air Show for end to tariffs

US retail sales fell 0.9% last month after a downwardly revised 0.1% dip in April, new figures show today

US retail sales fall sharply in May

EU exports to the US jumped by 59.5% in March, new figures show today

EU trade surplus with US grows in April despite tariffs

The IMF has declined to predict a tariff-driven GDP downgrade similar to that released by the World Bank this week

IMF says July forecasts to take into account trade deals

ECB President Christine Lagarde is on a rare visit to China

China eyes stronger co-operation with ECB

Britain imported £57.1 billion worth of US goods last year and exported a total of £59.3 billion

UK posts record drop in exports to US in April

Martin Robinson, InterTradeIreland's Director of Strategy

1/3 of SMEs say global & trade uncertainties top concerns

Work

The pay-row came before the Labour Court after the 3,200 workers represented by the NBRU, SIPTU, UNITE THE UNION, TSSA, CONNECT rejected pay proposals put forward by the WRC.

Bus Eireann recorded €4.2m loss in 2024

Coca Cola HBC Ireland Ltd has now been found in breach of the Employment Equality Act 1998 on foot of a complaint by Ms Deveney.

Coca Cola marketer wins €68k for maternity discrimination

SIPTU said that incidents on Route 303 in Limerick have damaged buses and endangered workers

SIPTU writes to Bus Éireann over anti-social behaviour

Union representatives met with management this afternoon in a bid to resolve a dispute over the planned sale of the business.

Strike at Bord na Móna Recycling called off

Leaving a job is difficult, but there are clearly times when it is much better to leave than it is to stay. Photo: Getty Images (stock image - photo posed by model)

How to decide when it's time to leave your job

Work and careers

Three days have been set aside to hear Elon Musk's X appeal against a ruling that it must pay out an Irish record unfair dismissal award of €550,131 to a former executive.

Labour Court sets aside three days for X appeal on payout

The Indeed figures show that job seekers in the US accounted for the biggest increase in overseas interest in Irish jobs with a share of 9.5% of total searches

Increase in US interest in Irish-based jobs - Indeed

More Work

Technology & Innovation

More Technology & Innovation

The Network and Information Security Directive, or NIS2, was due to be adopted by EU Member States by 17 October 2024, but Ireland missed this deadline.

New guidance issued on EU cybersecurity rules

Dr Shirley Coyle from DCU demonstrates how the sensors would be used

DCU experts work on wearable sensors for stroke patients

The EU is seeking more information from Elon Musk's X about changes to its corporate structure

EU probing corporate structure of X after xAI deal

Google's Android system, which it lets device makers use for free, runs about 73% of the world's smartphones

Google faces setback as EU court adviser backs regulators

Microsoft had 228,000 workers as of June last year

Microsoft planning thousands of job cuts - Bloomberg

The research emphasises the need for coordinated efforts from parents, schools, digital technology companies, and governments, in order to protect children online (stock image)

'Coordinated efforts' needed to protect children online

David McDonald, Sales Director, IT.ie, Derek O'Callaghan, MD of Abacus Division, IT.ie, Eamon Gallagher, founder and MD of IT.ie, Stephen Mullins, Technical Director, IT.ie and Eoghan Johnson, Business Development Director, IT.ie

IT.ie agrees deal for Abacus Systems

More Technology & Innovation

Analysis & Comment

More Analysis & Comment

87% of internet users used internet banking or mobile banking, according to recent CSO figures

How secure is your banking app?

At the time of the banking crisis, the State put €34.5bn into both Anglo Irish Bank and Irish Nationwide

How much did the bank bailout cost taxpayers?

Analysis and Comment

James Browne and Government's latest plans to address the housing crisis spent much of this week fighting the Dáil elements - specifically a deluge of opposition criticism

Government in battle to weather housing plan storm

Analysis and Comment

A day of reckoning came when NAMA bought loans from AIB, Bank of Ireland, EBS, Irish Nationwide and Anglo Irish Bank

Did Ireland's 'bad bank' NAMA work?

Analysis and Comment

Why the Government has little choice on rent cap reform

Why the Government has little choice on rent cap reform

Analysis and Comment

More Analysis & Comment

The Business of Climate

More The Business of Climate

19 utility-scale solar farm sites now operational around the country and contribute just over 50% of total installed capacity

Ireland's solar energy increases by 160% since 2023

Minister for Climate, Environment and Energy and Minister for Transport Darragh O'Brien, Director of Customer and Business Development at Gas Networks Ireland David Kelly and CEO of Beauparc Brian McCabe

Panda opens new Compressed Natural Gas station in Dublin

Moneypoint Power Station is ending the use of coal for electricity generation six months earlier than planned

Moneypoint to end burning coal after 40 years

An Post currently has more than 200 HGVs in operation and is changing to fossil free fuel to support its 50% emissions reduction target by the end of this year

An Post switching fleet of HGVs to fossil free fuel

The commission's report says that just transition should become a national priority for the whole of Ireland

Call for 'ambitious' strategy for climate-neutral economy

More The Business of Climate

Your money

More Your money

Nearly two thirds of Irish shoppers are looking to stretch their budgets - PwC Irish Voice of the Consumer survey

71% of Irish consumers worry about the cost of food

"International capital goes where its welcome and it stays where it's well treated and it wants to see consistency" - Brian Hayes, BPFI

First time buyer homes and mortgages rise significantly

FraudSMART said that fraudsters are targeting holidaymakers with offers

Holidaymakers urged to be on high alert for travel scams

Households with older children were at a greater risk of income inadequacy when dependent on social welfare

Minimum standard of living costs up almost 20% since 2020

ILCU CEO David Malone said its members mortgage lending is expected to reach €1bn in the near future

ILCU loan book passes €6bn for first time since 2008

Increasing consumer spend across groceries has been consistent throughout the course of this year so far, according to AIB's Adrian Moynihan

Record 80 million card transactions in May - AIB

Households saved 14% of their income in the first three months of this year, new CSO figures show today

Household saving rate slows to 14% in first quarter

The Health Insurance Authority said the average cost of a plan in 2025 is now €1,929

Significant drop in people buying health insurance - HIA

Debit and credit card spending rose by 6.5% year on year in May, new Bank of Ireland figures show

'Resilient' consumer spending in May - Bank of Ireland

Property is the main source of wealth with 46% of gross wealth coming from the value of a person's main residence, the CSO explains

Household net wealth up 29% between 2020 and 2023 - CSO

The Government says it wants to increase the number of properties available to rent

Q&A: What's in the Government's rent control plans?

The Central Bank said the weighted average interest rate on new Irish mortgages at the end of April was 3.72% - the fifth highest in the euro area

Irish mortgage rates now fifth highest in euro area

Business Watch and Listen

"International capital goes where its welcome and it stays where it's well treated and it wants to see consistency" - Brian Hayes, BPFI

First time buyer homes and mortgages rise significantly

An Post currently has more than 200 HGVs in operation and is changing to fossil free fuel to support its 50% emissions reduction target by the end of this year

An Post switching fleet of HGVs to fossil free fuel

Tánaiste Simon Harris says the Government are working 'day in, day out' on getting momentum back into housing supply

Housing supply has 'plateaued' in recent years - Tánaiste

Enterprise Ireland-backed food and drink firms exported €15 billion worth of goods last year

Food and drink firms invested €166m in R&D in 2024

The commission's report says that just transition should become a national priority for the whole of Ireland

Call for 'ambitious' strategy for climate-neutral economy

ILCU CEO David Malone said its members mortgage lending is expected to reach €1bn in the near future

ILCU loan book passes €6bn for first time since 2008

The report found that figures for podcast listenership are growing in Ireland

Interest in news among Irish adults remains high - report

Increasing consumer spend across groceries has been consistent throughout the course of this year so far, according to AIB's Adrian Moynihan

Record 80 million card transactions in May - AIB

Figures suggest more people are shying away from traditional sunspots like Greece

Decline in holidaymakers going to hotter destinations

The near-term economic outlook is clouded in uncertainty, says Paschal Donohoe

Economy strong but 'dark clouds on horizon' - Tánaiste

The dollar sank to a three-year low yesterday

Irish prices 11% higher for US tourists as dollar falls

Martin Robinson, InterTradeIreland's Director of Strategy

1/3 of SMEs say global & trade uncertainties top concerns

Business Brainstorm

More Business Brainstorm

We pay nearly 15% more for our groceries than the average European Photo: Getty Images

How did Ireland become Europe's second most expensive country?

Petrol and diesel prices in Dublin on June 21st: are they about to go up again? Photo: RTÉ

Will Iran-Israel conflict mean a rise in Irish petrol prices?

'The traditional prestige hierarchy in hotels has proven remarkably resilient despite massive structural change in ownership and branding'. Photo: Getty Images (stock image - photo posed by models)

Can a four-star hotel manager become a five-star hotel manager?

Leaving a job is difficult, but there are clearly times when it is much better to leave than it is to stay. Photo: Getty Images (stock image - photo posed by model)

How to decide when it's time to leave your job

Work and careers

Aviation traffic over the Middle East on June 17th. Screengrab from FlightRadar24

How do airlines deal with Israel-Iran conflict?

Dublin postal districts that had the highest proportion of residential consumption in 2024 at 19%. Photo: Getty Images

Which Dublin residential areas use the most & least electricity?

'Consumers now tend to spend less when they get digital payment notifications flashing up an amount on their phone.' Photo: Getty Images

Do you feel more 'pain' if you pay by cash, card or mobile?

'Many of us enjoy the relatively low prices and convenience, but resent the lack of leg room and having to pay for these "extras".' Photo: Getty Images

Airlines make cash from extra charges, but flyers can benefit too

In 2003, the Law Reform Commission recommended the introduction of statutory guidelines to assist the courts in making the distinction between a lease and a licence. Photo: Rolling News

Why is my landlord offering a licence & not a tenancy agreement?

'Hiring workers has become more unpredictable than I think it has ever been.' Photo: Getty Images

Are 'quiet redundancies' happening in your workplace?

Work and careers

I'm right, you're wrong: Donald Trump and Elon Musk in the White House in better times. Photo: Roberto Schmidt/AFP/Getty Images

Why having a massive public row with your boss rarely ends well

Work and careers

'Access to AI tools increased worker productivity by an average of 14%, but the benefits weren't distributed equally'. Photo: Getty Images

Good news: AI won't take your job. Bad news: you can't ignore it

Work and careers

Agribusiness

More Agribusiness

The report says the increase was driven by a combination of improved farm output prices, some easing in input costs, and additional CAP payments.

Average farm income up 87% to just under €36,000

Enterprise Ireland-backed food and drink firms exported €15 billion worth of goods last year

Food and drink firms invested €166m in R&D in 2024

Locals in Kinsale gathered to register their opposition to the granting of a license to Woodstown Bay Shellfish Ltd to pursue the operation (Photo credit: Ben O'Donnell)

Kinsale locals to submit petition against mussel farm

Sean Coyle, the CEO of Origin Enterprises

Origin Enterprises' nine month revenues up 4.1%

Dutch farm stable with dairy cows and a roof with solar panels. Photo: Getty Images

Everything farmers need to know about solar panels on sheds

The calendar focuses on small adjustments farmers can make, such as changes to fertiliser spreading practices and better nutrient management

Can a simple calendar help farmers tackle climate change?

A tractor can be driven on a motorway if it can travel at or maintain a speed of at least 50km/h

IRHA calls for tractor ban on motorways

Waterford dairy farmer Kate Curran with her Teagasc/FBD Student of the Year 2024 award

Teagasc award winner 'trying to do good for nature'

Mr O'Sullivan will take up the post in the autumn.

O'Sullivan new CEO of Arrabawn Tipperary Co-op Society

The BMI report found that 93 in every 100 Irish households bought fresh or frozen seafood last year

Seafood economy worth €1.24 billion in 2024

The biggest issue facing food suppliers was rising costs, but some were also dealing with unfair trading practices by retailers

14% of food suppliers faced unfair trading - survey

The IFA and the group representing co-ops are taking part in the protest

Farming groups protest in Dublin over CAP proposals

Startup Nation

Liam Cronin, UDC's first Director of Innovation

University College Dublin names Director of Innovation

Michael Neary from Grant Thornton, Rena Maycock from Chirp, Fionnuala Wall from AxisBIC and Jim Barry, from the Barry Group

Entrepreneurs raise €500m through AxisBIC Experience

Fionn Crowley, Chair of Avolon's CARE Committee; Martina Fitzgerald, CEO of Scale Ireland; Paddy Andrews, Professor Thomas Cooney, TU Dublin and Olivia Brody, Programme Manager at NEIC Dublin

NEIC Start Up Entrepreneur class of 2025 graduate

CEO of Scale Ireland Martina Fitzgerald

Access to funding biggest concern for start-ups

Assiduous co-founders Fergal Meegan and Barry Murphy with Conor O'Donovan, Head of Start-ups at Enterprise Ireland

Startup Assiduous secures €1m in funding

Gerard Ryan, board member of SymPhysis Medical; Michelle Tierney, co-founder & chief scientific officer and Tim Jones, co-founder & CEO of SymPhysis Medical

SymPhysis Medical targets €40m in revenue

Jenny Melia, Executive Director of Enterprise Ireland, Minister for Enterprise, Tourism and Employment Peter Burke and Karen May, CFO of XOCEAN

VC investment in women-led startups hit €200m in 2024

'For many women entrepreneurs, engagement with the LEOs is both an opportunity and a frustration.'

Are Local Enterprise Offices helping women entrepreneurs?

Female Entrepreneurship

Alison Currie, IntertradeIreland's Director of Innovation and Entrepreneurship; Colin McCabrey, Director of Trade; Margaret Hearty, InterTradeIreland's CEO; Martin Agnew, Director of Corporate Services and Martin Robinson, Director of Strategy

InterTradeIreland's Venture Capital conference next month

Mairead McGuiness, former MEP and European Commissioner pictured with Tom Donnellan, CEO of Bord na Móna, Sharon Doyle, Bord na Móna and the Accelerate Green Grow 2025 participants

Bord na Móna picks 9 firms for Accelerate Green programme

Founders is a full-time immersive 12-week course that provides mentorship from top entrepreneurs

Founders startup factory welcomes second cohort

Elaine Negi, Bord na Móna, Carol Gibbons, Enterprise Ireland, Vanessa Hartley, VP, Head of Google Ireland, Nick Ashmore, Ireland Strategic Investment Fund, Martina Fitzgerald, CEO of Scale Ireland and Brian Caulfield, Chair of Scale Ireland

Scale Ireland's Start-up summit to be held in Athlone