Today's headlines

Pfizer to invest €1bn in new Dublin plant; Irish government hopes for Sunak as next UK PM

The top stories from business and politics in today’s Business Post

Rishi Sunak: ‘Dublin would take Sunak because of his pragmatism and his workability.’ Picture: Getty

Exclusive: Pfizer to invest €1 billion in new Dublin biotech plant

Pfizer, the multinational pharma giant, is planning to invest more than €1 billion in a new, state-of-the-art biotech manufacturing facility at its Grange Castle site in Dublin, the Business Post has learned.

Dublin hopes for ‘pragmatic’ Sunak as next British PM

The government is privately hoping that Rishi Sunak will succeed Liz Truss as the next British prime minister rather than Boris Johnson.

New mortgage limits put first-time buyers at risk as interest rates increase

First-time buyers who avail of the new maximum mortgage limits could be pushed into financial distress if interest rates are raised by a further two percentage points, research by the Central Bank of Ireland has found.

Stripe accused of ‘back door layoffs’ as tech job fears grow

Stripe has said it is continuing to hire locally amid claims it recently asked managers to give lower performance ratings for employees in a move that will be viewed with concern given how many staff the company employs in Dublin.

Energy regulator decision scuppers 60% of planned gas plants

Six large-scale power plants which secured capacity contracts earlier this year are on the brink of being terminated as projects after the energy regulator rejected a proposal to introduce more flexibility to the terms of the payment contracts.