News | Business Post

Data centres have enough on-site power to meet energy needs of entire country

analysis shows extent of the power generation capacity of Microsoft, Amazon, Google and other data centre operators

Engage XR to delist due to lack of funding in Irish stock market

Waterford-based virtual reality company will be listed on the AIM sub-market of the London Stock Exchange

Hostelworld profits up as global travel sector bounces back

Revenue for first quarter hits 115 per cent of pre-Covid levels after cost-cutting measures and recovery of tourism in Europe, Asia and Oceania

More than 800 apartments to be built on hospital grounds in Fairview

British property development firm to seek planning permission for scheme costing over €300m earmarked for the grounds of St Vincent’s Hospital Fairview

SVB collapse could deter smaller banks from lending, warns expert

‘The majority of SME businesses get their loans from these regional banks,’ notes Seema Hingorani of Morgan Stanley Investment Management

Kenmare forecasts weaker demand due to falling commodity prices

Irish mining company, which operates the Moma mine in Mozambique, said last week that it would return over $50 million in dividends to shareholders

Infrastructure spending rules to change to speed up delivery of projects

Paschal Donohoe also wants to reduce bureaucracy in public projects including the use of private sector consultants for assessments

Banks’ bad debts will spike this year, asset manager expert warns

Investment head says previously hidden credit problems will appear as net interest profit margins are squeezed and easy money dries up

Dispute over use of ‘Dubliner’ pub name heats up in US

Rival companies in Washington and Boston are locked in a court battle about the right to use the famous moniker

Greyhound takes Dublin City Council to court over €10m Panda contract

Company alleges council contravened public procurement rules when opting for rival waste collection firm’s tender

Data centres have enough on-site power to meet energy needs of entire country

analysis shows extent of the power generation capacity of Microsoft, Amazon, Google and other data centre operators

Irish investment body paused fundraising to conduct financial due diligence

Wealth Options Capital, which distributes investment for renewable energy firm Solar 21, paused fundraising for reasons related to delays repaying investors in a previous project

More than 800 apartments to be built on hospital grounds in Fairview

British property development firm to seek planning permission for scheme costing over €300m earmarked for the grounds of St Vincent’s Hospital Fairview

Hitting close to home: voters deeply divided over end of eviction ban

The latest Business Post/Red C poll shows 46 per cent of voters opposed to ending the ban on March 31, but 50 per cent in favour of tax breaks for landlords designed to encourage them to stay in the market

Global tax deal threatens €4.5 billion worth of Ireland’s corporate tax

New OECD rules which come into effect next year, aim to stop tax responsibilities being shifted between countries and introduce a 15 per cent tax rate for large multinationals

ECB warns that shadow banking could trigger next financial crisis

Irish domiciled funds in growing shadow banking sector now account for over $4.2trn in assets

Most people want to see a total ban on gambling advertising

About 66 per cent of people in the latest Business Post/Red C poll said they want Ireland to follow Belgium’s lead this year and introduce a ban on all gambling adverts

Irish entrepreneur claims US law allows him to keep bulk of assets from creditors

Businessman who pleaded guilty to false information charge is in legal battle with Revenue over voluntary bankruptcy proceedings in the US

ServiceNow boss: no layoffs for us because ‘we’ve had strong financial discipline’

Recent large-scale cuts made by the likes of Google and Meta will only damage their offering, says ServiceNow EMEA president Ulrik Nehammer

Hostelworld profits up as global travel sector bounces back

Revenue for first quarter hits 115 per cent of pre-Covid levels after cost-cutting measures and recovery of tourism in Europe, Asia and Oceania

Up to 600 staff at Indeed told that they may lose their jobs

However, it’s expected that at the end of the global redundancy process, fewer than 200 will actually be laid off at the online recruitment company’s Irish operation

ECB likely to hike interest rates again despite market nervousness

Analysts predict the bank will continue its efforts to control inflation by raising rates despite global fears about the stability of the sector

Irish property lender secures extra funding from British backer

Onate provides bridging loans of up to €4 million to small and mid-sized investors in residential, mixed-use and commercial developments

House owners sue Victoria Homes, claiming fire safety defects

Owners of home built in 2014 got expert advice that their home was deficient in fire safety standards after noticing problems with cracks in the walls and water ingress