Peter O’Dwyer | Business Post

Peter O'Dwyer

@peter-odwyer

Business Correspondent

Insurance Ireland facing heavy fines over claims data access

Lobby group must meet commitments that would allow new entrants to the sector to access to a key claims information database

NBI seeks to transfer 75% of shares in owner reorganisation

Axa and Allianz are said to be interested in investing in the company established to roll out the country’s multibillion-euro broadband plan

A new Horizon: ‘Ireland’s appeal to us is about the talent, not just tax’

Horizon chief executive Tim Walbert explains why the drug company will keep expanding in Ireland and has marked its commitment by sponsoring the Irish Open

Donohoe asked to consider subsidies to keep bank branches open

The Minister for Finance last month chaired a discussion in Tullamore, Co Offaly on the future of retail banking in Ireland, at which the suggestion was made by participants

‘Unprecedented opportunities’ for Irish firms to thrive in Nigeria, ambassador says

African nation keen to address ‘lopsided’ trading relationship, where Irish exports to Nigeria in 2020 were worth $342m while imports totalled just $12m

‘Significant progress’ made in rollout of National Broadband Plan, politicians to hear

National Broadband Ireland says there is now ‘real momentum’ behind the project which has been beset with missed targets so far

Yippays put on hold: Revolut’s Irish rival will not arrive until 2023 at earliest

Synch, the shared payments system devised by Irish banks, has received competition clearance but there is no timeline yet for launch of its app, which is to be known as Yippay

Varadkar predicts insurance premiums will fall in next 18 months

The Tánaiste said that reforms of the insurance sector would eventually filter through to consumers and businesses

Central Bank ‘very satisfied’ with handling of tracker mortgage scandal

Regulator’s financial conduct head is confident it discharged its public accountability mandate and enforcement of cases

Labour shortages and wage hikes ‘will affect economy from next year’

Economist Kieran McQuinn of the ESRI has warned that the national unemployment rate will fall to 4% next year, fuelling sharp wage increases

Inflation once again: As prices and tensions rise, can the government prevent a winter of woe?

Amid a cost of living crisis not seen in decades, economists are counselling caution as the opposition demands decisive measures to lessen the pain

Permanent TSB may not have conditions imposed on acquisition of Ulster Bank assets

PTSB awaiting approval from the competition watchdog before deal to acquire billions of euro of Ulster Bank assets can conclude

AIB fined a record €83.3m for its role in tracker scandal

Bank’s EBS subsidiary sanctioned a further €13.4m after almost 13,000 customers were wrongly denied cheap tracker mortgages

Cost of living crisis

Social welfare increases may kick in ‘immediately’ after Budget, Varadkar says

Tánaiste says bigger social welfare package needed to address rising cost of living

Taoiseach rules out monthly measures to tackle cost of living

Worst of the crisis could yet lie ahead as the impact of energy inflation hits households over the winter, Micheál Martin warns

Government shelves rescue fund for bailed-out insurers that could have led to costly levy

The state now plans to help shape a European proposal aimed at protecting policy holders in the event of an insurer going to the wall

Numbers buying homes in capital surges 55 per cent, says DNG

Estate agent tells Dublin property owners that it’s a seller’s market and that premium prices are being achieved as lack of supply continues

Housing plans at risk as cost of building materials continue to soar, Central Bank warns

The regulator says mismatch between the demand and supply of homes is pushing prices to new highs, while rents are increasing at fastest rate in six years

Makhlouf: Banks’ exit could signal ‘rightsizing’ of retail banking market

The Central Bank governor awaits review of sector but sees no signs the market is too small following departure of KBC and Ulster Bank

Northern Ireland Protocol

Brinksmanship or battle stations: Who has the most to lose in a UK/EU trade war?

At a time of soaring inflation and slowing growth in the Irish, Northern Irish and British economies, a trade war between London and Brussels is the last thing anybody needs but fears are growing that it could still happen