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The project has a total investment of €3.5 billion

Work to begin on large-scale data centre in Arklow

Work is to begin later this year on the first of two large-scale data centres in Arklow, Co Wicklow, which will create 715 permanent jobs as well as 2,600 roles during construction.

It is understood that other topics discussed included data centres, online safety and EU digital regulation

Tánaiste meets with TikTok CEO

Aer Lingus has reported an operating loss of €55m for the first quarter of 2025 - the weakest quarter of the year

Aer Lingus CEO says no drop-off in passengers to US

Minister for Finance Pascal Donohoe said that negotiations with the US are 'volatile'

Over 50,000 jobs could be affected by tariffs - Donohoe

PTSB CEO Eamonn Crowley said the bank has invested heavily in IT

Customers can trust PTSB's IT systems, CEO says

The Central Bank now has a more visible role in working with Coimisiún na Meán to manage illegal content online, through its new status as a 'Trusted Flagger'

Central Bank awarded with 'Trusted Flagger' Status

Jack Cannon, Clonkeen College in Dun Laoghaire

Upcycling PC entrepreneur wins Student Enterprise Award

The new HQ is in the heart of Roscrea, Co Tipperary, where the company was founded in 2012 by Fabien Peyaud and the FRS Co-op

Herdwatch opens global headquarters in Roscrea

Markets More

US tariffs

More US tariffs

Since taking office in January, US President Donald Trump has hiked levies on imports from China to 145%

Trump says 80% tariff on Chinese goods 'seems right'

World oil prices are poised for a weekly gain of about 4%

Oil set for weekly gain ahead of US-China trade talks

Minister for Finance Pascal Donohoe said that negotiations with the US are 'volatile'

Over 50,000 jobs could be affected by tariffs - Donohoe

Outbound shipments from China rose 8.1% in April, beating a forecast 1.9% increase in a Reuters poll of economists but slowing from the 12.4% jump in March

China's exports top forecasts on rush to beat tariffs

Puma reported first-quarter sales of €2.08 billion, up 0.1% from the first quarter of last year

Puma adapts supply chain for China tariffs impact

Keir Starmer and Donald Trump spoke on the phone about the deal

Trump and Starmer herald 'breakthrough deal' on trade

Also on the list is bourbon whiskey, wine, cider, cars, bicycles, boats, smartphones, cattle, soya, olives and very limited pharmaceuticals

EU puts aircraft and bourbon on proposed countermeasures

US Federal Reserve chief Jerome Powell

Fed holds rates steady on risks of higher inflation

European carriers have hundreds of jets on order with US planemaker Boeing, banking on a booming aerospace market

EU considers tariffs on Boeing jets - Financial Times

Pandora's biggest market is the US

Pandora trims 2025 profit guidance, warns of tariff hit

Advanced Micro Devices has issued a second-quarter revenue forecast that topped Wall Street estimates

AMD sees $1.5bn revenue hit from US curbs on China chips

BMW expects some of the tariffs that have been imposed on vehicle imports to decline from July in one of the more optimistic views on the industry's prospects

BMW keeps 2025 outlook, warns US tariffs will bite in Q2

Work

WRC found the dismissal was unfair because of "procedural failure"

Man who bullied gay worker awarded €3k over missed email

Many workers in the games industry reported uncertainty regarding their employment stability, with contract work and short-term positions being common

Concerns over pay and job security in games industry

Keelings Logistics Solutions had sought a private hearing at the WRC into claims by a former worker at the firm

Keelings fails in bid to have claim heard in private

The Workplace Relations Commission (WRC) rejected the veteran SIPTU official's case in a 76-page decision document

WRC rejects penalisation claims by veteran SIPTU official

Delegates at the INMO annual conference are debating a range of motions

Nurses dealing with exhaustion, burnout and stress - INMO

The WRC made the award solely for Saleforce's failure to respond in time to a formal request for a remote work arrangement after the worker was told last year that he was required back in the office three to four times a week

Salesforce to pay €1k over delay in response to commute

Minister for Enterprise Peter Burke is to call on the agencies to significantly simplify their policies

Minister to urge agencies to cut red tape for SMEs

More Work

Technology & Innovation

More Technology & Innovation

The project has a total investment of €3.5 billion

Work to begin on large-scale data centre in Arklow

Nvidia has notified major Chinese customers, including leading cloud computing providers, that it aims to release the modified H20 chip in July, sources say

Nvidia modifies H20 chip for China to overcome controls

Pinterest is becoming increasingly attractive to advertisers due to its largest and fastest growing user cohort, Gen Z

Pinterest's revenue forecast gets boost from AI ad tools

The Government published new guidelines for responsible AI usage by the public sector yesterday

Senior civil servants to highlight concerns over AI

Many workers in the games industry reported uncertainty regarding their employment stability, with contract work and short-term positions being common

Concerns over pay and job security in games industry

The main focus of activity in CERN is the Large Hadron Collider (Stock image)

Ireland signs associate membership agreement to join CERN

The framework advises against the use of free generative AI models which includes tools like ChatGPT and DeepSeek

Government publishes new AI guidelines for public service

More Technology & Innovation

Analysis & Comment

More Analysis & Comment

Vintage and second-hand clothes are expected to make up around 10% of global fashion sales this year

Classic Clobber: Why second-hand clothes are on trend

This week the Government launched the latest public consultation on insurance reform which is part of a new action plan on insurance, aimed at encouraging more competition in the market and with the ultimate goal of bringing premium prices down

What's being done to lower the cost of car insurance?

Minister for Housing James Browne publicly championing of NAMA boss Brendan McDonagh to head up the Housing Activation Office

How a new housing office snowballed into controversy

Analysis and Comment

The Government plans to build enough new wind farms offshore to generate five gigawatts of electricity by 2030

Offshore wind: Promises of thousands of new jobs

Analysis and Comment

US President Donald Trump has signed 137 executive orders during his first 100 days in office

Economy remains key issue during Trump's first 100 days

More Analysis & Comment

The Business of Climate

More The Business of Climate

Wind power met 27% of electricity demand in April, new figures show today

Electricity demand falls in April from winter peaks

Gerald Bruton with his EV. Photo: Ken Bruton

How do EVs really perform? Here's what a Cork driver found out

Ørsted said today that it would discontinue its Hornsea 4 offshore wind farm project in Britain

Offshore wind developer Ørsted's Q1 beats forecasts

TJ Hunter, Ørsted Senior Director Onshore - Ireland & UK on its green site in Ballinrea, Co Cork

Ørsted starts construction on second Irish solar farm

Justin Jacober, CEO of UrbanVolt, and Conor Sheehy, Head of Warehouse Finance at HSBC Innovation Banking UK

UrbanVolt secures €40m debt facility from HSBC

More The Business of Climate

Your money

More Your money

The cost of motor insurance is still around a fifth lower than the peak in 2017 but has been steadily rising since 2022

Motor insurance costs up 9% in first half of last year

Bank of Ireland's new card-blocking feature, which also blocks access to online casinos, slot machines and lottery websites, can be put in place after a customer request

Bank of Ireland introduces voluntary gambling blocks

The entitlement to access dynamic electricity pricing was legislated in 2022, but has been delayed until June next year

Delays over smart meter data access 'disappointing'

Geraldine Casey, AIB's Managing Director, Retail Banking, said the bank takes a balanced and measured approach to interest rate changes

AIB announces cuts to both deposit and mortgage rates

PTSB said its share of new mortgage drawdowns in the first quarter of 2025 was over 20%

PTSB's mortgage share tops 20% in first quarter

BPFI said a total of 9,190 new mortgages worth €2.807 billion were drawn down by borrowers during the first three months of 2025

Average home mortgage drawdown at new record high - BPFI

63% of Irish consumers would rather pay with card over cash.

Most consumers trust cards over other payment methods

According to the survey consumers in the Republic are notably more downbeat now about the medium-term outlook than in previous years.

Consumers expect weaker economy over next five years

Customers were unable to access PTSB services throughout the day yesterday

Technical issue impacting website and app resolved - PTSB

The interest rates are determined by a parent or guardian's Revolut plan

Revolut rolls out instant access savings for under 18s

PTSB said it is working to resolve the issue 'as quickly as possible'

Technical issue impacting PTSB website and app

ICS Mortgages is to cut its variable and fixed mortgage rates from next month

ICS Mortgages cuts its mortgages rates

Business Watch and Listen

Vintage and second-hand clothes are expected to make up around 10% of global fashion sales this year

Classic Clobber: Why second-hand clothes are on trend

Minister for Finance Pascal Donohoe said that negotiations with the US are 'volatile'

Over 50,000 jobs could be affected by tariffs - Donohoe

Jack Cannon, Clonkeen College in Dun Laoghaire

Upcycling PC entrepreneur wins Student Enterprise Award

Joe Fernandez (Early Intervention Tools), Aideen Bodkin (StyleAI) and Aisling Browne (GlitchAds) at Enterprise Ireland's annual Start-Up Day Conference in Dublin

Enterprise Ireland invested €27.6m in 157 start-ups

The cost of motor insurance is still around a fifth lower than the peak in 2017 but has been steadily rising since 2022

Motor insurance costs up 9% in first half of last year

Websites and apps that sell products will have to comply with new accessibility rules that come into force next month

Companies urged to comply with new accessibility law

Unions for actors and other media and entertainment workers said they awaited more details of US President Donald Trump's plan

Hollywood shocked by Trump's film tariffs announcement

The Department of Finance's document will be brought to Cabinet

Dept's economic forecasts to take US tariffs into account

It's absolutely fair to say that any talk of the demise of bricks and mortar is definitely not true, particularly here in Ireland, according to Colette Devey, EY Ireland Consumer Sector Lead

Majority of Irish consumers prefer physical stores

RTÉ confirmed yesterday it had written down a figure of €3.6 million on a partly failed IT system

RTÉ previously in contact with State body over write-down

Intel employs almost 5,000 people at its plant in Leixlip in Co Kildare

Intel job losses in Ireland not inevitable, minister says

Christchurch Airport is the first to start using the PACE Airports software to track, analyse and action live carbon emissions data

New software aims to help airports cut carbon emissions

Business Brainstorm

More Business Brainstorm

Gerald Bruton with his EV. Photo: Ken Bruton

How do EVs really perform? Here's what a Cork driver found out

Keel Beach, Achill Island, County Mayo. Photo: Getty Images

All you need to know about bank holidays in Ireland

"There has never been a better time to plant native trees in Ireland." Photo: Getty Images

All you need to know about planting a native wood on your land

A more immediate effect of Trump's erratic policy-making has been turmoil in financial markets. Photo: Getty Images

Could Trump be leading the world into recession?

"If left unchallenged however, these practices can seriously impact an employee's workplace performance". Photo: Getty Images

Does workplace surveillance hurt us more than help us?

Work and careers

'Early recognition of emerging risks enabled organisations we studied to develop contingency plans while competitors were still watching from the sidelines.'

What Brexit lessons can Irish firms use to deal with US tariffs?

'The amount, size and quality of your office furniture is often a sure sign of power and status.'

The importance of having a desk in the office to call your own

Work and careers

With crude oil prices at a four-year low, will petrol prices drop to €1.50 per litre as they were in 2021?

How US tariffs will affect price you pay for petrol & electricity

'Measures to protect access to, and acceptance of, cash are necessary to preserve the circulation of cash in an increasingly uncertain global environment.' Photo: Getty Images

How storms, cyberattacks and wars show cash is still king

'Up to 60% of Irish consumers wanted more sustainable products, including chocolate, but only 30% of those consumers are willing to pay a higher price.'

Why it matters where the chocolate in your Easter egg comes from

'From what goods end up in our basket to the price paid for ingredients, the market for goods is also more global than we realise'

Will the price of my weekly grocery shop ever fall?

Broadband and phone services are the most utilities to face mid-contract price hikes

Why are my bills going up (and up) mid-contract?

Focus on inflation

The Bank of England's Monetary Policy Committee voted 5-4 in favour of the decision to cut rates by a quarter point toi 4.25%

Bank of England cuts rates, sees tariff hit to growth

Annual consumer prices rose to 2.2% in April from 2% a month earlier, new CSO figures show today

Annual inflation rate rises to 2.2% in April - CSO

The Riksbank, Sweden's central bank, kept its key rate unchanged at 2.25% as expected today

Swedish central bank holds rates, chance of cut ahead

Norges Bank kept interest rates on hold at a 17-year high of 4.5% today

Norway holds interest rate steady at 4.5%

Inflation in the euro zone held at 2.2% in April, new figures show today

Euro zone inflation holds steady in April

The Bank of Japan kept interest rates steady today

Bank of Japan cuts growth forecasts on US tariff hit

Good prices are estimated to have increased by 0.6% in the last month and by 3.1% in the past year, new CSO figures show

Higher food prices push inflation up to 2% in April - CSO

Agribusiness

More Agribusiness

Levels of bovine tuberculosis on Irish farms have risen significantly in recent years (file pic)

Dept proposes number of measures to tackle bovine TB

Fianna Fáil MEP Barry Cowen said failure to increase CAP funding could lead to €250 billion shortfall for farmers

Govt pushing for 'straightforward measures' in CAP talks

The European Union has won a landmark case against Britain at the world's oldest arbitration body over post-Brexit rights to fish sandeels

EU wins post-Brexit fishing row with Britain

Trees damaged by Storm Éowyn being cleared from Mote Park Forest.

Coillte says level of damage from Storm Éowyn to top €60m

Kerry Group has maintained its full year constant currency earnings per share guidance growth of 7% to 11%

Kerry Group's first quarter revenues up by 6.3%

Glanbia's CEO Hugh McGuire

Glanbia shares jump after 'better than feared' Q1

"There has never been a better time to plant native trees in Ireland." Photo: Getty Images

All you need to know about planting a native wood on your land

The order was introduced in February due to the heightened risk of bird flu, but will be revoked on 10 May

Poultry order issued over bird flu risk to be lifted

The report said land values - for sale and rent - are expected to rise again primarily due to better milk prices

Low supply among issues driving up price of farmland

Liffey Mills has 'superstores' in Athy, Banagher, Edenderry, Ennis, Nenagh, Roscrea and Shinrone

Pre-tax profits surge 48.5% to €8.27m at Liffey Mills

Joe McGuinness, from Sunglow Nurseries; Gerard McLoughlin, Buying Director at ALDI Ireland and Emer Gallaher Hall, Senior Manager for Horticulture at Bord Bia

Aldi extends partnership with Sunglow in €14m investment

Carbery Group is based in West Cork

Revenues and profits increase at Cork's Carbery Group