As the budget approaches, all economic matters are being viewed through this lens. The recent details from the exchequer show an intriguing tale, with corporation tax income doubling in August compared to the previous year. This increase in business tax income has strengthened the Government’s financial stance prior to the budget, as reported by Laura Slattery.
In a damning conclusion of a long-awaited report, Kingspan is said to have intentionally created a fraudulent market for insulation used on Grenfell Tower’s facade in London which claimed 72 lives in a tragic fire in 2017, by wrongly asserting it had passed the necessary tests for use on tall buildings. Joe Brennan presents the details.
With the new academic year starting nationwide, students may find themselves overwhelmed by the array of tech they may require, or not. Ciara provides guidance on the essential items and the ones that can be skipped.
Meta’s Oversight Board has deemed the phrase “from the river to the sea” not always injurious, violent, or discriminatory, regardless of the controversy surrounding the terminology. The story is covered by Ciara O’Brien.
Karlin Lillington, in her column, scrutinizes why Elon Musk’s Teslas continue to be favoured in California despite Musk’s personal reputation.
Laura Slattery reports that the DAA, operator of Dublin Airport, anticipates exceeding its annual cap of 32 million passengers due to record travel demand. The DAA warns that attempts to curb numbers by 2025 could have far-reaching consequences, potentially costing thousands of tourism jobs.
Cantillon analyzes the passenger cap at Dublin Airport, questioning how it is acceptable for a state-owned entity like the DAA to violate its planning norms, while also highlighting issues at Belfast company Kainos.
Volkswagen executives issued a stern warning to incensed employees about significant sales drops, comparable to the production of two plants, leading to unavoidable painful cuts to safeguard the company’s future. Derek Scally covers the fear among VW’s Germany-based staff caused by the news of impending job losses and potential factory shutdowns.
In the Innovation section, Chris Horn discusses the unexpected part sharks could have in reducing the aviation sector’s emissions, and Olive Keogh introduces a new innovator assisting expatriates with their tax.
Invest NI, Northern Ireland’s trade advancement organisation, has established a new Dublin base intended to entice additional investment from southern regions. As shared by Eoin Burke-Kennedy, the agency is intent on utilising the North’s singular advantage, post-Brexit, of dual availability to EU and UK product markets due to recently launched similar hubs in London and Brussels.
Over the past week, news spotlighted the difficulties within the commercial estate market, particularly the offices sector. Several sought-after properties received bids substantially lower than the asking prices set by brokers, and banks have taken action on some debtors who breach their agreements. The possibility of a halt in office construction this year has become a topic of discussion in the latest Inside Business podcast, alongside the arising practice of AI-enhanced CVs.
Glenveagh builders have opposed Fingal County Council’s rejection of their plan to construct a €60 million 135-flat complex at Deer Park in Howth, as reported by Gordon Deegan.
The CEO of Ireland’s most extensive hotel operation acknowledged customer dissatisfaction following a systems glitch last week that resulted in two Manchester hotels cancelling room reservations for the Oasis concert next summer. Ian had a conversation with Dalata head Dermot Crowley on this matter.
In August, China experienced a deceleration in its services sector’s growth due to intense rivalry causing businesses to reduce costs while facing increasing operational expenses. A review of private firms revealed that the Caixin China services PMI dropped to 51.6 in August from 52.1 in July, according to Denis Staunton.