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A new survey of homeowners, renters and prospective buyers reveals a big jump in younger age groups saying they are considering applying for social housing in response to housing affordability concerns. PTSB’s latest Reflecting Ireland research shows that 46% of people who are in the market to buy a home are now considering applying for…

Taoiseach Micheál Martin has said any supports to help businesses affected by US tariffs needs to be “financially sustainable” in the medium and long-term. He was responding to calls for the introduction of a wage subsidy scheme in response to the tariffs. During Leaders’ Questions in the Dáil, Labour leader Ivana Bacik asked the Taoiseach…

European and Asian stocks extended a slide on Wall Street this morning as President Donald Trump pressed ahead with whopping 104% tariffs on Chinese goods, pummelling oil prices to four-year lows as global recession fears gripped financial markets. London’s FTSE index had dropped 2.2% in opening trade, while the Paris CAC was down 2.8% and…

Oil prices fell for a fifth day to their lowest since February 2021 today on looming demand concerns fuelled by an escalating tariff war between the US and China, the world’s two biggest economies, and a rising supply outlook. Brent futures dropped $1.39, or 2.21%, to $61.43 a barrel early this morning. US West Texas…

New figures today show that take-home grocery sales in Ireland increased by 3.4% over the four weeks to March 23 compared to the same time last year. Kantar said this marks the slowest market growth rate since November 2022, despite St Patrick’s Day celebrations and Pancake Tuesday falling during the period under review. Kantar also…

Construction activity rose in March – the first increase in total activity in three months – amid stronger new order growth, the latest Purchasing Managers Index from AIB shows. The AIB Ireland Construction Total Activity Index moved back above the 50 no-change mark in March to reach 53.9, up from 48.7 in February, marking the…

The threat of a trade war will influence how the housing market will perform this year, according to a new report by property website MyHome.ie, in association with Bank of Ireland. The report says the Irish property market has a “disproportionate reliance” on high income earners working in multinational sector, which leaves it vulnerable to…

The total European Union response to US President Donald Trump’s tariffs could amount to duties on US goods worth €400 billion, RTÉ News understands. This would represent retaliation for the US tariffs of 25% on steel and aluminium, last Wednesday’s “reciprocal” tariffs of 20% on most EU exports, and the 25% tariffs on European car…

European markets plunged this morning as investors grappled with the possibility of a recession after sweeping tariffs announced by US last week. US President Donald Trump showed no sign of backing away from the tariff plans despite retaliation from China, pushing investors to price in interest rate cuts by the European Central Bank and the…

Oil prices slid more than 3% today, extending last week’s losses, as escalating trade tensions between the US and China stoked fears of a recession that would reduce demand for crude. Brent futures declined $1.41, or 2.15%, to $64.17 a barrel in early trade, while US West Texas Intermediate crude futures lost $1.35, or 2.18%,…