Business

Cork businessman Leslie Buckley has been appointed chairman of the board of Independent News & Media at an extraordinary general meeting held in Dublin’s Conrad Hotel on Monday. The move will further consolidate the position in the company of billionaire businessman Denis O’Brien. Buckley is the vice-chairman of...

Hundreds of thousands of Irish homeowners have yet to register to pay the €100 household charge mandated by the government. But if many people are unhappy with the charge, they are likely to be even less happy with a new property tax that will come into force in 2013. Minister of Finance Michael Noonan has thus far...

The Republic’s National Assets Management Agency, or NAMA, has a long arm. It has launched a legal action in the U.S. against Sean Dunne, the property developer dubbed the “Baron of Ballsbridge,” due to his links to some of Dublin’s highest profile hotels during the Celtic Tiger boom years. The case is understood to be...

Northern Ireland lost almost 11,000 private sector jobs in the past year. The findings are contained in a new report by Price­waterhouseCoopers which predicts that the North’s economy will shrink further this year. PwC said the economy had been steadily contracting since the middle of 2011 and predicted it would shrink...

Cellphone users who text in the Irish language are crying foul. They say they are being overcharged because the phone service charges for characters as opposed to letters. And the síneadh fada – that stroke above the letter i – is considered a character. Irish cellphone company Vodafone has stated that users will be...

AER Lingus is preparing to defend it self against the latest bid by rival Ryanair to gain operating control. The former Irish flag carrier has published a 30-page circular calling on its shareholders to reject the takeover bid. Aer Lingus has reported an operating loss of €4.4 million in the first six months of this...

Irish ambassador to Washington, Michael Collins, is a quiet-spoken diplomat. But he apparently wields a decent sized stick. Collins has managed to persuade the Obama administration to retreat from its stated view that Ireland is a “tax haven.” The Obama campaign recently cited Ireland as a tax haven, this as part of an...

IT is hoped that wind power could be the key to future Irish employment opportunities, with new plans just unveiled. The potential creation of 40 new wind farms across the country could create up to 2,000 full-time jobs, this following a deal between energy firm Element Power and the UK’s National...

Those in the dole queues would take issue with the assertion but social welfare benefits in Ireland are too high and need to be revised so as to encourage people back to work, this according to the International Monetary Fund. The organization is of the view that Irish dole payments are high by international...

Breaking into the American market isn’t easy for an Irish firm, but it’s a challenge Jonathan Tierney, co-founder and CEO of Crosscare Ltd, is willing to take on. Tierney, 40, a businessman from Dublin, has spent years researching the U.S. market and last year launched a product called Colief Infant Drops, which caters...