Breakfast Business with Joe Lynam

Russ Mould from AJ Bell takes a look at today's business stories and websites with Newstalk's Business Editor Joe Lynam.

5 years ago, you would probably not have heard about Chinese car brands such as BYD or Geely. But now they are rapidly eating the lunches of European carmakers - especially for electric vehicles. After a probe was launched last October into suspected subsidies of Chinese cars on EU markets, the Commission has now decided to impose substantial tariffs on Chinese EVs. China will almost cer...

Co Longford is set to receive a significant investment of up to €100 million from leisure giant Center Parcs. The Ballymahon facility will see the addition of a new aqua park, 200 new lodges, and a treetop sauna, indicating strong demand for premium holidays in Ireland. Joe spoke with Colin McKinlay, Chief Executive of Center Parcs, about this major development.

A look at today's business stories and websites with Newstalk's Business Editor Joe Lynam.

While geopolitical risks continue to be a concern, the Irish economy remains stable, with some earlier worries now easing. This is the assessment from the Central Bank of Ireland in its latest financial stability review. Joe spoke with Deputy Governor Vaz Madouros to explore whether Ireland is experiencing a "goldilocks" phase in its economy.

This year has brought significant elections with unexpected impacts on international markets. Eurozone bond yields, including those for Ireland, surged following President Macron's surprise dissolution of the French parliament. In addition, shares in India fell post-election, and the peso plummeted after elections in Mexico. Joe was joined by Michael O’Sullivan, co-founder of Unio Wealth Managers...

A look at today's business stories and websites with Newstalk's Business Editor Joe Lynam.

Last week, the European Central Bank reduced its official deposit rate for commercial banks from 4% to 3.75%, with indications that further cuts might be coming. However, major Irish banks have yet to lower their standard variable rates, and there is no requirement for them to do so. Additionally, those on fixed mortgages won't see any benefit from these lower rates. Joe was joined by Margaret Bar...

Ireland has launched its inaugural Bio CNG refuelling station today in North County Dublin. This renewable energy source aims to reduce Ireland's overall emissions. However, it is a small part of a larger decarbonisation effort. Meanwhile, Ireland will still rely heavily on non-renewable gas for many years. Joe was joined by John Rooney, Chief Executive of Flogas, to discuss this development.

A look at today's business stories and websites with Newstalk's Business Editor Joe Lynam.

Joe was joined by Niamh Counihan from Matheson to discuss the significance of Pro Bono Work Week, where barristers and solicitors across Ireland offer their expertise for free

Joe was joined by Garrett Bridgeman from An Post eCommerce to discuss how smaller businesses can capitalise on a 375% surge in online shopping, by preparing for this year's Christmas, now!

Kathleen Brooks with XTB joins Joe for a look at today's business stories and websites

We were preparing for the new millennium and listening a lot to Robbie Williams and Westlife.  It also saw the emergence in this country of the now famous German discounter Aldi. Famed for its lack of frills and selling goods still in their cardboard boxes, Aldi claims to have spent €10bn buying goods from Irish suppliers since then and paid €1.3bn in wages.  Joe caught up with Nial...

A lot has changed since Twitter changed owners and became X.  For a start half the press office and content moderators were fired.  Secondly, having a blue tick has now become something that users might NOT necessarily want and now you may well see a lot more naked flesh on your twitter feed after X said that users would have to expressly opt OUT if they don't wanna see porn in their tim...

A look at the main business stories today with Joe Lynam and Austin Hughes.

Concrete accounts for 8% of global Co2 emissions and cement is one of the key ingredients in concrete. Meanwhile buildings & construction as a whole account for 2 fifths of nasty emissions. So if we want to get our overall emissions down, we need to look at better forms of concrete. Well one company is launching a new greener concrete and it’s called Ecocem. Joining Joe this morning was Susan...

It’s decision day for the European central bank and it’s more than the tea leaves which point to a Cut in interest rates.  They stand at 4% at the moment  up from zero 2 years ago. But what does it mean for consumers?  They've seen soaring inflation and borrowing costs over the past 2 years.  What should they do with their money?  To discuss with Joe was Denis Eustace an I...

A look at today's business stories and websites with Newstalk's Business Editor Joe Lynam.

Recently we learnt in a survey for KPMG that Irish consumers are aware of shrink Fraction and resent brands who carry out the practice. Today PwC put out its consumer sentiment survey and it shows that some consumers are scaling back in order for ends to meet. The study also found that consumers were determined to buy as sustainably as possible though cost is often an issue. Speaking to Joe t...

Despite a looming ban on the traditional engine types, sales of electric vehicles in Ireland were down a whopping 39% last month compared to last year and despite a rise in sales overall.  If EV sales continue to dip that will have a pronounced impact on second hand car sales prices and may even slow down the roll out of EV infrastructure.  The Society of the Irish Motor Industry of SIMI...

A look at today's business stories and websites with Joe Lynam.

As of Saturday just gone, anyone who is in a serious road accident will be automatically tested for drink and drugs for the first time.  It’s in response to a surge in drug taking and collisions all over the country.  But with a quarter of all road accidents involving work related vehicles, what should bosses do if one of their staff is arrested for drug taking not just at the wheel? Moi...

 Annual revenues at DAA which operates Dublin and Cork airports breached the €1bn mark last year.  Not bad for a business which was essentially shut down in 2020 and much of 2021.  But it still has a debt of €815m on the books.  But the biggest headache of all is what to do about the passenger cap of 32 million at Dublin airport which will start seeing planned services cancelled fro...

 It’s Day 2 of the Bloom garden festival in the Phoenix park and the sponsors Bord Bia have done some research into our eating habits as it hosts its annual Trade Breakfast for the top people in the industry.  Apparently we’re cutting down sugar and alcohol from our diets. Joining Joe on the show this morning was Jim O’Toole the Chief Executive of Bord Bia