Today's headlines

Ryan warns industry over climate change cost; New poll shows rising prices are hitting consumers

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

Aercap aviation leasing company is suing its insurers over the loss of 116 planes and 23 spare aircraft engines. Picture: Getty

Industry will have to pay for climate change damage, says Ryan

Businesses in highly polluting sectors such as fossil fuels and aviation should face new levies to pay for the global damage caused by climate change, Eamon Ryan has said.

The Minister for the Environment told the Business Post that the issue of industry taking financial responsibility for climate change had been “shied away” from for decades, but now has widespread support at the highest levels of European governments.

Poll finds Irish consumers are gloomy about economic outlook

Around 80 per cent of adults are using less heating and electricity this winter due to the cost-of-living crisis, according to a new Red C poll. The results are the latest indicator that the rapid increase in energy prices and inflation across the economy is having a severe impact on households.

Around 73 per cent of households expect their energy bills to increase in the next six months, while 77 per cent of households believe their disposable income will reduce in the same period.

Varadkar: Fine Gael must ensure Sinn Féin ‘are stopped’ in the next election

Leo Varadkar has said the next election will be the “most important in a generation”, as he set out Fine Gael’s priorities for the remainder of the term of the coalition government.

Speaking at the party’s ard fheis in Athlone last night, Varadkar, who will assume the office of Taoiseach next month, said that his party wanted to ensure that the “centre holds” and that Sinn Féin “are stopped”.

Mass layoffs at Twitter could hinder severance payouts

Job losses at Twitter will rise higher than the 140 notified to Leo Varadkar last week, as fears have grown within the company that it may be left without enough human resources staff in Europe to promptly process a wave of severance and redundancy payments.

Several members of Twitter’s HR division have left the firm in recent weeks as part of swingeing job cuts instigated by Elon Musk, its new owner, according to sources in the company.

Nine out of ten planes in lawsuit re-registered in Russia, says AerCap

Almost 90 per cent of the planes subject to a multi-billion euro lawsuit between Aercap and a group of insurers have been re-registered in Russia, the lessor has said in legal documents filed last month.

The Dublin-based aviation leasing company is suing its insurers over the loss of 116 planes and 23 spare aircraft engines.