Today's headlines

Sinn Féin’s PRSI plan could hit businesses; Altada’s unicorn bid in question amid ‘significant financial challenges’

The top stories and best in-depth reads from today’s Business Post

Allan Beechinor and Niamh Parker, founders of Altada: the company has implemented severe cost-saving measures in recent weeks. Picture: Darragh Kane

Headlines

Sinn Féin PRSI proposal could double current rate paid by businesses

Sinn Féin has proposed gradually increasing employers’ PRSI to the European average, in a move that could double the current rate of social contributions paid by businesses.

Altada’s unicorn bid in question as AI firm faces ‘significant financial challenges’

Altada, the Cork-based tech company that expected to be valued at $1 billion this year, has furloughed a number of its employees, with the founders admitting that the firm is “at a turning point” and facing “significant financial challenges”, the Business Post can reveal.