US trade deficit plummets in April
US President Donald Trump has said he is 'very disappointed' following Elon Musk...
Corporation tax receipts dropped 30 per cent in May amid major uncertainty arising...
Solidroad, an Irish start-up founded by former Intercom employees, has raised $6.5...
TikTok has been granted a temporary pause on a decision by the Irish Data Protection...
DUBLIN The Iseq All Share closed in the green Thursday evening, up nearly 2 per cent...
US stocks edged higher on Thursday after the call between US President Donald Trump...
Money20/20 – which bills itself as the world's 'leading, premium content, sales...
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Journal
4 hours ago
- The Journal
Plans unveiled seeking to turn Athlone into Ireland's first green city by 2040
DEVELOPER SEAN MULRYAN has published a blueprint plan to make Athlone, in Co Westmeath, Ireland's first green city by 2040. The CEO and chair of Ballymore first detailed the plan in an interview today with The Business Post . The plans have subsequently been announced by his firm. Included in the plan, which he says has been in the works for seven years, are blueprints for a 5,000-bed student accommodation village in order to grow the population of Athlone TU to 25,000 students. It also intends to revamp the Shannonside town centre, turning it into a riverfront city, and create a road network suitable for electric vehicles, driverless busses, cyclists and pedestrians. New health, educational, arts and sporting facilities are also included in the plan, which works under the estimate that the population of the town will grow to 100,000. A total of 20,000 zero-carbon homes are also included in the developer's vision. Alongside development works, Mulryan proposes that 5,000 hectares of surrounding land is allocated for rewilded wetlands, callows and rewetting of bogs. Advertisement The plan estimates that the town's population will reach the 100,000 mark by 2040. Ballymore hopes to secure private and public investment for its plan. It has also called for the adoption of the National Planning Framework to allow for the delivery of educational, residential, commercial and biodiverse infrastructure. Athlone and the surrounding areas must also be declared as nationally important strategic, enterprise and biodiversity zones, the firm said. It believes the blueprints are credible to address Ireland's demographic and environmental changes, as well as developing away from the East Coast. The firm said the plans have already been presented to 'senior policy makers' on a local and national level. Mulryan has also put together a steering committee for the project. The steering committee includes Mulryan, former Revenue boss Josephine Feehily, chair of Global Private Equity at Goldman Sachs Adrian Jones, founder of private equity firm Alchelyst Joan Kehoe, former president of DCU Brian MacCraith, CEO of Irish Rail Jim Meade and deputy managing director of Ballymore Linda Mulryan-Condron. 'We are sharing that vision now with wider Irish society, and we will do all we can to help it become a reality,' Mulryan said. 'But this plan needs to be driven from the top by government – by this administration and by the successor governments that take office in the years ahead – if it is to come to pass.' Readers like you are keeping these stories free for everyone... A mix of advertising and supporting contributions helps keep paywalls away from valuable information like this article. Over 5,000 readers like you have already stepped up and support us with a monthly payment or a once-off donation. Learn More Support The Journal
Irish Times
7 hours ago
- Irish Times
Oil prices expected to jump after US attacks on Iran
US president Donald Trump 's decision to intervene on Israel's behalf in its war with Iran is likely to see crude oil prices spike when commodities markets open on Sunday night, experts have warned, with potential consequences for the Irish and world economies. Oil prices have increased by 11 per cent since Israel's June 13th attack on Iran, but moved sharply up and down last week as investors weighed the potential for the conflict to impact global oil supply. Mr Trump's decision to bomb Iranian nuclear sites overnight on Saturday is likely to result in spot crude prices surging in early trading when the market reopens at 11pm on Sunday. Brent crude, the global benchmark for oil prices, closed at $77 (€67) a barrel on Friday evening. READ MORE While it could take several weeks for higher crude oil prices to feed into petrol and diesel costs in Ireland, prices at the pump have been ticking upwards in recent days as tension ratcheted up in the Middle East. Saul Kavonic, an energy analyst at MST Marquee, told Bloomberg on Sunday the market's reaction will largely depend on Iran's response. 'But this could set us on a path toward $100 oil, if Iran responds as they have previously threatened to. 'This US attack could see a conflagration of the conflict to include Iran responding by targeting regional American interests that include Gulf oil infrastructure in places such as Iraq, or harassing passage through the Strait of Hormuz.' The maritime chokepoint at the mouth of the Gulf is a vital conduit for not just Iranian shipments, but also for those from Saudi Arabia, Iraq, Kuwait and other members of the Organisation of the Petroleum Exporting Countries. Washington's intervention in the war and the White House's messaging have injected fresh uncertainty into an already anxious macroeconomic environment. Even before Israel's strikes on June 13th that killed several senior Iranian military commanders, economists warned that the global economy had entered into a period of heightened volatility with clear risks for Ireland. In its financial stability review earlier this month, the Central Bank of Ireland warned that the structure of the Republic's economy and its high level of integration with global capital means the effects of 'geopolitical and macroeconomic shifts abroad' can be amplified domestically. 'The potential for further fragmentation in global supply chains or tightening in international financial conditions could have material implications for Irish firms and households,' the regulator said. – Additional reporting: Bloomberg
Irish Examiner
7 hours ago
- Irish Examiner
Ballymore chief Sean Mulryan outlines plan to transform Athlone into green '15-minute city'
The founder of property firm Ballymore Sean Mulryan has proposed a plan to develop Athlone into a green '15-minute city' with a population of 100,000 in the next 15 years. Mr Mulryan has formed a steering group to look into the plan, which would see the TUS Athlone campus cater for up to 25,000 students as a centre of excellence in green technology and to construct 20,000 zero carbon homes in its first phases. It envisions road networks tailored for electric driverless buses, with 90% of Athlone's energy resources coming from renewable sources. "Our vision could drive genuine balanced distribution of the impending population growth in Ireland and offer a blueprint for sustainable, education-led, employment-driven, and environmentally focused urban development nationwide," said the Ballymore chair and chief executive, who is from Roscommon. 'We are sharing that vision now with wider Irish society, and we will do all we can to help it become a reality. But this plan needs to be driven from the top by government – by this administration and by the successor governments that take office in the years ahead – if it is to come to pass.' The new steering group for the plan sees Mr Mulryan joined by former chair of the Revenue Commissioners and chair of the governing body of Technological University of the Shannon, Josephine Feehily; Goldman Sachs private equity co-head and chair Adrian Jones, CAlchelyst chief Joan Kehoe, former DCU president Prof. Brian MacCraith,Iirhs Rail chief Jim Meade, and Ballymore deputy managing director Linda Mulryan-Condron, who is Mr Mulryan's daughter. Ballymore Group was established in 1982 by Mr Mulryan and has built 35,000 houses across Ireland, the UK, and Europe.
