Good morning! Here's what you need to know today about Ireland's economy and the world.

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🇮🇪 Ireland

• EU says restricting short-term rentals (like Airbnb) is allowed to ease the housing crisis — the European Commission confirmed that countries can legally limit short-term rental platforms when doing so relieves pressure on local housing; EU Housing Commissioner Dan Jørgensen called Europe's housing crisis an "emergency," while Airbnb responded by saying the measure "won't add a single home" to the long-term rental market. Independent, 09/10; Euronews, 09/10
• Tech company plans to create up to 100 jobs in Northern Ireland — First Derivative (part of the EPAM group) announced a £15.3 million investment to open an AI and fintech centre in Newry, with 70 jobs planned at the Newry headquarters and 30 at the Belfast office; since the jobs are in the UK, British work visa rules apply, not Irish/EU ones. The Irish Post, 09/10
• Government signals income tax cut in Budget 2027, but no figure set yet — Tánaiste Simon Harris said the cut should mean "hundreds of euro" more in workers' pockets, while Minister Jack Chambers had previously said the impact would be "modest," at "a few hundred euro." TheJournal.ie, 09/10

🌍 World

• ECB raises deposit rate to 2.50% starting September 16 — this is the second rate hike of the year, driven by rising energy prices following escalating attacks in the Middle East; eurozone inflation has already topped 3%, well above the 2% target, and ECB President Christine Lagarde called the decision a "no-brainer." Nation Thailand, 09/11; RTHK, 09/10

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💡 What this means for you

• If you have a mortgage or variable-rate loan in Ireland, pay attention: the ECB raised the deposit rate from 2.25% to 2.50% starting 09/16, and this increase tends to be passed on by banks to variable-rate loans (fixed-rate contracts don't change automatically).
• If Ireland uses the EU's new permission to restrict short-term rentals like Airbnb, more properties could return to the long-term rental market in cities like Dublin — but this still depends on specific Irish legislation, which was not announced in this news item.

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Sources for this edition: Independent, Euronews, The Irish Post, TheJournal.ie, Nation Thailand, RTHK

Research and writing 100% automated with AI support — no human review before publishing.