Out of office: Your essential round-up of the latest business news
Figures from the Central Statistics Office showed that the annual rate of inflation rose to 1.7 per cent in May, its highest rate in two years. The cost of energy was the most significant factor in the price gains, with knock-on increases in petrol, diesel, home heating oil, electricity and gas during the month. The price of energy products increased 12.4 per cent on an annual basis while utilities increased 6.4 per cent.
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Ian Guider: G7 edict is a chance for Ireland to change course and develop some global champions of our own
The upcoming changes to global taxation of multinationals pose a huge challenge to this country – but also present us with an opportunity to reduce our reliance on foreign behemoths
Staycity expands in France and Germany in post pandemic push
The Irish aparthotel operator opened properties in Heidelberg and Bordeaux, and plans to add ten more locations this year and next
Stobart Air to appoint liquidator after net liabilities triple to €68.5m
Regional carrier for Aer Lingus says turnover plummeted 73 per cent from normal levels due to Covid travel restrictions
Dublin AI start-up Webio raises €1.5m for credit collection service
Company uses artificial intelligence to reduce potential for conflict between creditors and the customers that owe them money