Thursday's business news review
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What are the latest business headlines covered in this episode?
Good morning and welcome to Breakfast Business and thank you to Barry White. It is Thursday the 9th of October at 6.30. Coming up on today's show we'll be talking about critical infrastructure and cables and we'll be looking at the latest house price survey and all the markets as usual. You can email us business at newstalk.com but first let's have a look at the main business stories in the newspapers and websites.
Charlie Taylor in the Business Post reports that Statsports, the well-known Irish performance tracking sports tech company backed by Harry Kane, has acquired a multi-million dollar deal by Sony. Founded in 2008 by Alan Clark and Sean O'Connor, the Newry headquartered company has developed advanced performance wearable technology that is used by more than 800 elite sports clubs across multiple sports, including soccer, American football, rugby, baseball and basketball. Financial details relating to the deal have not yet been publicly disclosed.
How are mortgage rates impacting home buyers in Ireland?
Among the many teams that use its FIFA-approved GPS trackers are Arsenal, Liverpool, Manchester City and PSG, national football teams including England and Portugal, but also the All Blacks, Springboks and NFL's Washington Commanders. Charlie Weston in the Irish Independent reports that mortgage rates have fallen to a two-year low, with prospective buyers, movers and switchers warned that there are a huge variety of rates being charged across different lenders. Mortgage rates inched lower in August to 3.58% on average, according to new data from the Central Bank of Ireland. This means rates are at the lowest level since March 2023.
What challenges are businesses facing with disposable coffee cups?
But interest rates for buyers, switchers and movers are elevated compared to those in the Eurozone. They are the eighth highest in the currency block. Interest rates vary widely.
What initiatives are being taken to reduce disposable cup waste?
They are as low as 1.8% in Malta and as high as 4.1% in Latvia. Carolina Doherty in the Irish Times reports that business and community groups in Killarney have vowed to keep working to eliminate disposable coffee cups, despite an incredibly disappointing U-turn by the government on the so-called Latte Levy. Members of the Killarney Coffee Cup Project said that although many businesses in the town centre had withdrawn from the scheme, the remaining participants were determined to continue. The The group met this week after the Department of Climate and Environment and Energy confirmed it was not proceeding with a plan to require café and takeaway customers to pay a 20 cent levy on each disposable cup they used.
The latte levy was designed to encourage people to bring their own cups to reduce paper waste, plastic pollution and littering.
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Chapters
4 chapters
1
What are the latest business headlines covered in this episode?
0:01–1:01
2
How are mortgage rates impacting home buyers in Ireland?
1:01–1:41
3
What challenges are businesses facing with disposable coffee cups?
1:41–1:51
4
What initiatives are being taken to reduce disposable cup waste?
1:51–2:48