One-time Irish property mogul Seán Dunne’s long-shot effort to delay distribution of more than $16 million in assets from his decade-plus bankruptcy case in the United States succeeded on Tuesday, the Irish Times reported. After hearing more than hour of argument from Mr. Dunne and lawyers for the U.S. bankruptcy trustee, Judge Julie Manning said that she would hold off on approving the final report and distribution of the funds until she reviews the record and rules on issues Mr. Dunne raised. Mr.
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Ongoing volatility in the multinational sector related to U.S. tariffs saw the Irish economy contract marginally in the third quarter, the Irish Times reported. Preliminary figures from the Central Statistics Office (CSO) indicated the economy shrank by 0.1 per cent between July and September of this year compared to the second quarter of the year. “The small decrease was mainly driven by contraction in the multinational dominated ‘industry’ sector in Q3 2025,” the agency said.
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Bank of Ireland chief executive Myles O’Grady will hope the lender is a step closer to putting the fallout from the UK motor finance debacle behind it, after sharply increasing the amount of money it has set aside for payouts arising from the issue, the Irish Times reported. The issue, which is close to industry wide in the UK, stems from whether motor finance customers were being overcharged because of historical use of discretionary commission arrangements between car dealers and lenders.
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Fewer people than initially expected will be subject to Ireland’s new mandatory workplace pension, My Future Fund, it has emerged, amid of war of words between the Department of Social Protection and employer and pension groups, The Irish Times reported. The Government has consistently said that up to 800,000 people are likely to find themselves enrolled in the fund, which will deduct 1.5 per cent of their gross salary from their after-tax income from January – a figure that will rise to 6 per cent over the next decade.
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The United States has been at the nexus of a data center boom, as OpenAI, Amazon, Google, Microsoft and others invest hundreds of billions to build the giant computing sites in the name of advancing artificial intelligence. But the companies have also exported the construction frenzy abroad, with less scrutiny, the New York Times reported. Nearly 60 percent of the 1,244 largest data centers in the world were outside the United States as of the end of June, according to an analysis by Synergy Research Group, which studies the industry.
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Bank of Ireland could more than double the provision set aside to deal with the fallout from the UK motor finance commissions scandal, now estimating it could have to pay out about £350 million (€403 million), it said on Monday, the Irish Times reported. The bank had set aside just £143 million, although in recent weeks admitted it would have to hike the amount after regulators unveiled a planned industry-wide compensation scheme.
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It’s hard to imagine the folks at law firm Mason Hayes & Curran (MHC) imagined Jim O’Callaghan would speak out against the enriching of lawyers when they asked him to address their conference on dispute resolution this week, the Irish Times reported. That, though, was the basis on which the Minister for Justice said he is reluctant to provide for third party funding of legal actions in the Irish courts.
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The Garda fraud squad has sent an extensive file to the Director of Public Prosecutions (DPP) with recommendations for prosecutions against three directors of wholesaler Swan Fruit, it is understood, the Irish Independent reported. The criminal investigation by the Garda National Economic Crime Bureau into the Carlow-based fruit and vegetable wholesaler stems from a voluntary liquidation process that has been ongoing for 11 years.
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It may be 17 years since Brian Cowen’s government guaranteed the Irish banking system to stave off its collapse. And it’s only a matter of months before the wind-down of the successor company to Anglo Irish Bank (Irish Bank Resolution Corporation, or IBRC) is completed and outstanding matters are handed over to a unit in the National Treasury Management Agency (NTMA). But the ghosts of Anglo’s past continue still linger in some long-forgotten places, according to a commentary in the Irish Times.
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Ireland recorded 618 corporate insolvency appointments in the first nine months of 2025, a 5% decrease on the same period last year, according to new figures from Deloitte Ireland, BusinessPlus.ie reported. Quarterly activity remained steady, with 206 cases in Q1, 201 in Q2 and 211 in Q3. James Anderson, Turnaround & Restructuring Partner at Deloitte, said the overall decline masked a shift in underlying trends. “The decrease in insolvency activity levels in the first 9 months of 2025 compared to the same period in 2024 highlights interesting trends.
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