Tag Archives: irish Economy

Intel is embarking on a significant organizational overhaul under the leadership of its new CEO, Lip-Bu Tan. The company aims to streamline operations, reduce management layers, and enhance decision-making speed. While the exact number of job cuts has not been officially confirmed, reports suggest that up to 20% of the global workforce could be affected. Intel has indicated that final …

In response to U.S. President Donald Trump’s recent decision to implement a 90-day suspension on newly imposed tariffs, Ireland’s Tánaiste, Simon Harris, has emphasized the necessity for “serious, mature, rational debate” concerning international trade and tariffs. This development follows the U.S. administration’s earlier imposition of substantial tariffs on imports from various trading partners, which had led to market instability and …

Taoiseach Micheál Martin delivered a sobering message to his Fianna Fáil colleagues, warning that Ireland is on the brink of a major economic transformation triggered by looming US tariffs. His address, made just before Donald Trump’s announcement of a sweeping economic overhaul in Washington, cast a long shadow over the usual rhythms of Leinster House. Speaking to party TDs and …

Tánaiste Simon Harris has warned that Ireland’s pharmaceutical and chemical exports to the United States could be cut by as much as 50% over the next five years if the US proceeds with a proposed 20% tariff and the European Union imposes a reciprocal response. Currently, Ireland exports up to €58 billion worth of these goods to the US annually, …

Taoiseach Micheál Martin has confirmed that Ireland will make use of every available option—both within the EU framework and through direct engagement with the United States—to respond to new US tariffs expected to be introduced this Wednesday. The upcoming measures, dubbed “Liberation Day” by President Donald Trump, are anticipated to affect all countries, not just those with the largest trade …

Enterprise Minister Peter Burke has downplayed fears that potential US tariffs would trigger an economic crisis on the scale of the 2008 financial crash. While acknowledging the risks posed by looming US trade measures, he described the situation as serious but not catastrophic, emphasizing that Ireland’s economy remains in a strong position. The warning comes amid growing concerns that US …

Tánaiste Simon Harris held a late-night phone conversation with newly appointed US Commerce Secretary Howard Lutnick, during which both parties exchanged views on trade relations between Ireland, the EU, and the United States. The call comes at a time of growing unease over escalating tensions tied to trade and tariffs between the EU and the US. Harris described the conversation …

The prospect of the United States imposing additional tariffs on European Union (EU) imports looms large, with significant potential repercussions for Ireland’s economy. These measures, set to take effect on April 2, 2025, could profoundly impact various sectors, notably pharmaceuticals and manufacturing. Ireland’s economic landscape is intricately linked to its export activities, particularly with the U.S. In 2024, the nation …

Taoiseach Micheál Martin has confirmed that when he meets US President Donald Trump in Washington next month, he intends to highlight the potential harm tariffs could inflict on Ireland’s small and highly open economy. While speaking with reporters in Dublin, Martin outlined his plan to present Ireland’s perspective on trade and economic matters directly to Trump at the White House …

Starting tomorrow, the minimum wage will rise by 80 cents to €13.50 per hour, benefiting around 195,000 workers. However, many small businesses are expressing concerns that this increase, part of a series of rising costs, will ultimately result in higher prices for consumers. Mark O’Keeffe, who owns the Brown Sugar hair salons in Dublin, highlighted that the minimum wage has …