Danny McCoy, the CEO of Ibec has advised Finance Minister Michael McGrath to rethink the proposal of setting a €10 million limit on retirement relief. McCoy warns that this could unfairly burden family businesses during intergenerational ownership transfer. Ciarán Hancock reports on this.
Eoin Burke-Kennedy interviews Governor Kathy Hochul of New York, who highlighted the growing issues of remote work and expensive housing in different regions of the state. She also cautioned against the potential fallout of Donald Trump’s election, such as a possible trade conflict with Europe.
Laura Slattery, in her column, explores recent radio listenership trends, focusing on Pat Kenny’s growth since departing from RTÉ over a decade ago.
Bank of Ireland has issued an alert about a new flood of purchasing scams. The fraudulent scheme encourages unsuspecting consumers to pay for fake goods and services through online advertisements. Conor Pope details that these scams have seen an alarming 32% increase within the last year.
A Dublin community group alleges that Dublin Airport’s DAA is disregarding proposed amendments to flight paths, that have led to multiple objections from local residents over noise and other disturbances. Both DAA and the locals have had a series of disagreements about the north runway’s flight paths since its 2022 launch, Barry O’Halloran reports.
Fiona Reddan discusses in ‘Your Money’ potential amendments to how investments are taxed in Ireland. Dominic Coyle answers queries about the tax consequences of hosting foreign students, and how long one should retain their paper tax records.
Governor of the Central Bank, Gabriel Makhlouf, restated his warning regarding more regulations for investment funds. He emphasized a perpetual risk that investment managers may safeguard their own funds, thereby contributing to a larger crisis.
Despite this year’s airfare potentially being cheaper than anticipated, Irish travellers might not benefit due to the passenger limit at Dublin Airport, as indicated by Ryanair. CEO Michael O’Leary pointed out that the airline’s fares haven’t increased as quickly as expected as he announced a €1.92 billion profit for the recent financial year, promising to return €700 million to shareholders, reports Barry.
Post the Monday earnings announcement by Ryanair, Cantillon evaluates the meaning for airfare levels, while highlighting a substantial hedge fund’s bet against Flutter.
A recent report by PwC indicates that jobs requiring proficiency in artificial intelligence carry significant wage premiums in certain markets. The 2024 Global AI Jobs Barometer by PwC, detailed by Colin Gleeson, examined over half a billion job ads across 15 countries.
In business news, Zeus Mobility, the electric scooter firm based in Ireland, is escalating its UK presence. It has lately cemented a new deal with its ninth local governmental authority in the UK to offer its services. The key specifics were made available by Ian Curran.
According to the annual report from the Workplace Relations Commission, there was a significant increase in discrimination allegations against employers in 2023 based on either race or sexual orientation. This information came from Emmet Malone.
London-listed Keywords Studios saw their shares skyrocket by more than 55% after news broke that EQT, a European private equity group, is close to acquiring the Dublin-based video game services company. The proposed deal is worth £2.2 billion (€2.6 billion).
The previous professional body president for auctioneers has confidentially settled a complaint alleging ‘penalisation’ by the group, at the Workplace Relations Commission. Arthur Beesley reported on this.
Dublin’s Grafton Street was denied planning retention for a souvenir store by the Dublin City Council. This decision was reached due to the potential for adverse precedent for similar type development and potential property value reduction nearby, reports Gordon Deegan.
In south Dublin, Gordon reveals a couple have managed to hold off the plan for erecting 109 residential assisted-living units for individuals aged 65 and over. This development was planned on lands owned by the Society of Sacred Heart order of nuns, near Mount Anville girls’ school in Goatstown.
Last but not least, Doireann Healy shared her personal money management strategies.