the misery of Aer Lingus; gloomy economic outlook; and budget advice from Irish mums – The Irish Times


More misery for Aer Lingus passengers than the airline today cancels four transatlantic flights. Flights to and from Boston and Chicago from Dublin have fallen victim to the airline’s ongoing battle with Covid among its crew. The airline had to withdraw service from Seattle yesterday due to illness as a technical problem blocked its flight to Washington DC. Barry O’Halloran reporting

There is also darker projections for the economy. Eurogroup President Paschal Donohoe said EU growth was already lower than it would have been following the Russian invasion of Ukraine and the continued threat to supplies energetic means it could get worse. He was speaking in Brussels after a meeting of euro zone finance ministers. Naomi O’Leary was there.

Meanwhile, the OECD said high inflation, low consumer confidence and falling stock market indices should see slow economic growth in the EU over the next six to nine months.

Ireland must push for a second electricity interconnector between Ireland and France, says the Institute of International and European Affairs, in order to help keep consumer prices low and ensure security of supply. Colin Gleeson reports

Two Irish renewable energy groups sued the regulator over its decision that it can shut them down without compensation if there are problems with the network. The companies, including Energia, say the regulator chose not to implement an EU regulation providing for compensation to power generation companies in such circumstances.

After a mixed start to the year, sales of building land took off in the second quarter, helped by two megadeals in Dublin. Ian Curran reports that 275 million euros in turnover had been made by June 30.

Cheese maker Glanbia went to mediation in a 3.2 million euro dispute with suppliers over allegedly contaminated salt. Bird feathers, pieces of wood or even shards of metal are among the objects allegedly found in the supplies intended for its cheese production.

Bernie Ecclestone, former Formula 1 champion has been charged with fraud following an investigation by UK tax authorities, who allege he has undeclared overseas assets worth more than 472 million euros.

Trail seekers, the company specializing in long-haul travel and less mainstream destinations saw a strong recovery in sales last year. But he is still a far cry from pre-Covid activity levels and says the uncertainty over Covid restrictions globally is not helping. Reporting by Gordon Deegan.

As the European Women’s Football Championships continue, Laura Slattery examines the efforts of sponsors, the media and some male sports stars to fend off the sexism that still invades women’s sport.

In personal finance, with prices rising rapidly, families are paying more attention to household budgeting. Joanne Hunt speaks to three of the most pragmatic Irish mums to be found online these days for their advice on getting through the current price pressure.

An Irish reader abroad tried to move his non-resident bank account of Ulster Bank who was soon to move elsewhere only to be told by AIB and Bank of Ireland that he could not. That’s all hogwash, but it highlights some of the issues facing bank consumers trying to negotiate a particularly stressful transition.

Q&A also advise anyone looking to leverage their Dublin home in cash to enable buy an apartment in Spain.

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