Tesla shareholders approve $1tn pay package for Elon Musk
Tesla shareholders have approved a massive pay package for CEO Elon Musk that could reach $1 trillion. The pay package – crafted to ensure Mr Musk’s continued service to the electric vehicle manufacturer as it pursues breakthrough technology on AI and robotics – won more than 75% support from shareholders, a Tesla official said at […]
Central Bank fines Coinbase Europe €21.5m for anti-money laundering breaches
The Central Bank has fined cryptocurrency exchange Coinbase Europe €21.5m for breaching anti-money laundering and counter-terrorist financing transaction monitoring obligations. The breaches occured between April 2021 and March 2025. Coinbase Europe, which is part of the Coinbase Group, provides crypto asset and wallet services to customers globally to facilitate their use of its trading platform […]
€200m fund set up to restart stalled building projects
The Government has set up a €200m fund to finance infrastructure in an effort to restart stalled building sites. The money will be used to pay for water connections, electricity links and roads for building projects. Speaking to RTÉ News, Minister for Housing James Browne said: “I can think of one piece of land in […]
Artificial Intelligence jobs doubled in Ireland since 2023 – report
A new report from a Government advisory group has found that artificial intelligence (AI) jobs have doubled in Ireland since 2023. The Expert Group on Future Skills Needs (EGFSN) also found that Ireland is among the top performing countries in the world in respect of both the demand for and the supply of AI talent. […]
Ireland ranked 33rd out of 35 economies in ‘Global Talent Tracker’
A new ‘Global Talent Tracker’ from recruitment firm Hays and Oxford Economics has ranked Ireland 33rd out of 35 global economies. The country’s workforce was ranked poorly in the areas of talent value and flexibility, driven by high operational costs and growing pressure on skills availability in key sectors. “The findings reflect the pressures of […]
ISME calls for Fastway receivers to ensure goods in transit are returned or delivered
ISME, which represents small and medium businesses, has called on the receivers appointed to the parent company of Fastway Couriers to take immediate steps to ensure that goods currently in transit are either delivered to buyers or returned to vendors without delay. The association said it has received a huge number of reports from affected […]
Home rebuild costs up by 7% in past year – SCSI
The average cost of rebuilding a home has risen by 7% nationally in the past year, according to the Society of Chartered Surveyors Ireland. That is a slightly faster pace of price growth than was seen in 2024, but is slower than the 12% increase recorded in 2023. Rebuild costs have also risen at a […]
Why do some of us love AI, while others hate it?
From ChatGPT crafting emails, to AI systems recommending TV shows and even helping diagnose disease, the presence of machine intelligence in everyday life is no longer science fiction. Yet, for all the promises of speed, accuracy and optimisation, there’s a lingering discomfort. Some people love using AI tools. Others feel anxious, suspicious, even betrayed by […]
Stark reality: future threatened by debt and ageing
One criticism made of governments and civil servants in the past is that they did not plan sufficiently for the future. The State-appointed Commission on Taxation recommended in 2021 that officials carry out a long-term analysis of what the decades ahead might hold. That deep dive into the next 40 years was published yesterday. The […]
CAB sold record number of properties last year – report
The Criminal Assets Bureau sold 20 properties which were found to be the proceeds of crime last year, the highest number sold in any one year. One of the properties, the former Dublin home of the leader of the Kinahan Organised Group, Daniel Kinahan, sold for over €930,000. The four-bedroom, three-bathroom detached house on a […]
Are you really more likely to get divorced than switch banks?
Analysis: Until switching banks is as easy as switching mobile network, most of us will stay in the same financial relationship we began in college In 2012, UK shadow chancellor Ed Balls declared that “you’re more likely to be divorced than to change your bank account.” Channel 4 later fact-checked the claim and found that […]
New electric car sales up almost 40% so far this year
23,085 new electric cars have been sold so far this year, up almost 40% on the same period last year. When all engine types are included, 123,858 new cars were sold in the fist ten months of the year, up 3.4% on 2024. The figures from the Society of the Irish Motor Industry (SIMI) show […]
Former Central Bank boss says banks played ‘fast and loose’ during tracker mortgage scandal
The former governor of the Central Bank, Patrick Honohan, has said the organisation was probably too trusting of the banks when it was dealing with the tracker mortgage scandal. Mr Honohan was commenting on the long-running saga, which saw tens of thousands of homeowners wrongly moved to higher interest loans by the banks. These mortgage […]
Effects of tracker mortgage scandal ‘far from over’
New Central Bank figures show that in excess of 42,000 mortgage accounts have now been identified as having been impacted by the tracker mortgage scandal – but more than a decade on serious questions remain about accountability and transparency, writes John Downes, director of a new two part RTÉ documentary series TRACKERS: The People V […]
Berkshire cash sets record as profit rises, signaling caution ahead of Buffett exit
Berkshire Hathaway signaled over the weekend that it remained cautious about markets, letting cash swell to a record $381.7 billion even as profit rose, in its last financial report before Warren Buffett bows out as chief executive. For a 12th quarter in a row, Buffett’s conglomerate sold more stocks than it bought for its $283.2 […]
Average motor insurance costs up 9% in 2024 to over €620
The average price of motor insurance rose 9% between 2023 and 2024 to reach €623, according to the Central Bank. It said that the average expected cost of claims per policy increased 3% to €397, the highest it has been since 2014. The rising costs have been criticised by the Alliance for Insurance Reform which […]
What does the sale of PTSB mean for consumers?
What will this mean for consumers? In the short term, it won’t mean any change. The bank says its mortgages, deposits, current accounts and banking app will operate as normal. But in the longer term, if PTSB is taken over by another bank, it could mean more competition if the new owner decides to challenge […]
AIB pays €390m to State in final transaction
AIB has paid €390 million to the Minister for Finance in what represents the final step in the State’s exit from the bank. The payment was for the cancellation of around 271 warrants in the bank. This gave the Minister the right to to buy AIB shares at a fixed price of €6.75, a 14% […]