Friday: Kyran Durnin, Interest Rates Cut

An eight-year-old boy, Kyran Durnin, from Drogheda, who is now thought to have been dead for around two years, was withdrawn from his school in 2022. Officials believed he had relocated to a school in Northern Ireland, which is speculated by investigators to be why authorities didn’t notice his absence earlier. A source stated that he potentially “slipped through the gaps. Kyran, along with his mother, Dayla Durnin (24), was officially filed as missing from his Drogheda residence in late August.

Irish News Updates

– Irish rock and blues artist Rory Gallagher’s hallmark Fender Stratocaster guitar, which recently fetched £700,000 (nearly €841,000) at a London auction on Thursday, will be given to the National Museum of Ireland (NMI). A “premium” raised the overall cost to £889,400 (about €1,069,000).

– A novel public bin device, designed to discourage people from scavenging through rubbish to recover bottles and cans for the Deposit Return Scheme, is being tested in downtown Dublin.

– An unassuming law establishment, Thomas Montgomery & Sons, located on Upper George’s Street in Dún Laoghaire, provided a loan service that included supplying cash from a client’s pension fund to loan borrowers, who then paid interest back into the client’s retirement pot.

– “The most recent ‘giveaway’ budget reeks of Fianna Fáil,” say farmers as they predict political turns before the upcoming election. Despite the grey weather in Bandon Mart, Co Cork, most farmers are quite sure that a general election will take place in the forthcoming weeks, although they are divided on whether it is a judicious decision.

Financial analysts have suggested that ECB cutbacks on interest rates might save borrowers over €2,000 annually. The European Central Bank is predicted to lower interest rates to 2 per cent, or potentially less, before summer. This could cause a significant drop in yearly home loan costs, affecting nearly 200,000 borrowers.

In terms of weather, Met Éireann warns of scattered rainfall and drizzle spreading across the country in the course of the day. The west is expected to experience heavier precipitation by late morning which will gradually move eastward in the afternoon. By the evening, precipitation should cease along the Atlantic coast. Daytime temperatures are predicted to peak between 13 to 16 degrees Celsius. There is a persistent risk of coastal flooding due to particularly high tides, and temperatures are expected to drop to 6 to 9 degrees Celsius in moderate southwest winds. Any residual rain in the east is expected to clear early Friday night, with the rest of the night anticipated to be generally clear with isolated showers.

Turning to business, it’s a challenging time for restaurants, with industry insiders commenting that the game has changed and the usual bustle associated with Fridays and Mondays is a thing of the past. This week saw the closure of two well-known Dublin eateries, signalling compounding pressures on Ireland’s hospitality sector. Among the establishments closing their doors were Shanahan’s on The Green, a long-standing favourite, and Ranelagh’s Dillinger’s.

Opinion pieces include Justine McCarthy considering the future trajectory of Mary Lou had she remained with Fianna Fáil, and Mark O’Connell offers insights into the spectacle of watching Trump for ’40 minutes of buffering’.

Finally, in music news, Liam Payne of One Direction fame has died tragically at the age of 31 following a fall from a hotel balcony in Buenos Aires. Payne, known for his charming, slightly unruly personality, proved integral to the band’s mass appeal.

The Covid-19 pandemic has brought about trends such as working from home and a significant increase in labour force engagement in particular, noted in Ireland. However, this mixed working mode, despite employee favourability towards it, may lead to higher overall costs.

In the world of Ireland’s finance, approximately 5,000 from the 46,000 borrowers of residential properties stuck in arrears for over a decade is a unique statistical observation for the nation.

In sports news, the Gaelic Players’ Association’s head, Tom Parsons, supported the Football Review Committee’s objectives to improve the enjoyment of viewing football, citing their approach as both highly professional and thorough.

Internationally in the Middle East, the demise of Yahya Sinwar at the hands of Israeli forces in Rafah, southern Gaza, has been perceived by Israel as a substantial blow to Hamas, of which Sinwar was a leader.

Listeners of One Direction expressed deep sorrow over the death of bandmember Liam Payne in a podcast highlight of 21:25 duration.

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