Business Today: Central Bank's budget warning, Dublin Airport's new tunnel and where will AI really take us?

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The best news, analysis and comment from The Irish Times business desk

Central Bank Deputy Governor Vasileios Madouros alongside director of financial stability Mark Cassidy . Mr Madouros warned the Government should abide by its 5 per cent spending rule at the next budget. Photograph: Sasko Lazarov / RollingNews.iecould drive domestic “imbalances” and overheat the economy, Central Bank deputy governor Vasileios Madouros has told Eoin Burke-Kennedy.

Access to cash and its acceptance as payment for public services are key issues the Government should address when developing its newin Dublin. As Ciara O’Brien reports, the project will include 52MW of IT capacity in the first two phases, split between a 32MW facility and a 20MW facility, with space for a third if needed on the 405,000 sq ft campus. Permission for the project was granted in July 2022.

A company of Johnny Ronan’s RGRE Group will only have to provide security for legal costs up to a certain point for a case it is taking against the Fortress Investment Group, the Commercial Court ruled. Kerrygold owner Ornua said revenue in 2023 was largely stable, with a solid trading performance after the company saw record sales in 2022.fell more than 8 per cent on the prior year, and earnings before interest, tax, depreciation and amortisation were 4 per cent lower, with the company attributing this to the challenging market conditions the Irish dairy industry faced in 2023. Ciara has the story.daily email news digest.

 

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