A full-blown sterling crisis threatens Irish prosperity well before the end of October when the new London administration has threatened to take Britain out of the EU without a deal, economists and business groups have warned.

Carbon tax hikes every year will be considered after an energy report warned that a third of all electricity demand here in future is set to come from data centres and large energy users.

Energy Minister Richard Bruton is open to considering annual hikes in carbon taxes and confirms that upward changes to the levy will be considered for the 2020 budget.

Hopes that UK Prime Minister Theresa May could clinch a last-minute deal with the EU boosted sterling against the euro, as markets continued to predict that any Brexit involving Britain crashing out at the end of the month was most unlikely.

Oil jumped as Saudi Arabia prepares to slash shipments to US refiners within weeks in an effort to prevent a price-killing build-up of American stockpiles.

We've got the reaction as it comes in, after the Government today unveiled the National Development Plan, billed as Project Ireland 2040.

BP is to begin a share buyback programme, making it the first major European energy company to resume buybacks since the 2014 price slump in a sign years of austerity have paid off.

One of the Port of Cork’s most senior figures has blasted multinationals and the export industry for failing to support the regions in exporting goods to the UK and continental Europe.

Oil prices fell to their lowest in over five weeks yesterday following US data showing an unexpectedly large weekly build in US gasoline inventories and International Energy Agency (IEA) data projecting an increase in non-Opec production.

Here’s a briefing on some of the stories and issues highlighted on irishexaminer.com today.

Soaring insurance costs and the harmful effects of the slump of sterling against the euro need to be addressed, the Irish Exporters’ Association has said.

On June 23, the UK electorate made a decision to leave the European Union. This is not to be confused with them having left. 

The oil market is now in balance thanks to unplanned outages and robust demand, particularly from emerging economies, but this equilibrium will tilt into surplus again early next year, the International Energy Agency (IEA) said yesterday.

Almost two-thirds of businesses increased export volumes in the opening quarter of the year despite a number of potentially negative headwinds.

Ambitions for Irish-Iranian agri-food trade growth have been boosted by a successful business networking event hosted by the Irish Exporters Association (IEA).

With 2015 now officially the hottest year on record, Payal Parekh looks at the Break Free Movement and how vital it is that the world ends its dependence on coal, oil, and gas    

Ireland is the fourth most regulated ‘nanny state’ in the EU, according to a new report that ranks countries by their policies on eating, smoking, and drinking.

The Irish Exporters Association (IEA) has warned of the damaging effects that both a UK exit from the EU, and the uncertainty created by even the prospect of Britain leaving, will have on Irish firms.

Boosting renewable energy generation to meet global climate goals could save as much as $4.2trn (€3.75trn) a year by 2030, according to a report asking lawmakers to strengthen clean energy policies.

The Monte Toledo oil tanker covered the uneventful voyage from Iran to Europe with a haul of one million barrels of crude in just 17 days, but its journey has been four years in the making.

Oil futures extended their decline yesterday, with US crude touching its lowest since 2003, as a global supply glut bumped up against bearish financial news that sparked deeper worries over demand.

A global oil supply glut will persist through 2016 as demand growth slows from a five-year high and key Organization of the Petroleum Exporting Countries (Opec) members maintain near-record output, the International Energy Agency (IEA) said, even as low prices curb supply outside the producer group.

Cautious oil market bulls are stirring, sensing higher prices for future months after a first whisper that the glut may be set to slowly shrink.

A quiet hurricane season in the US could be the latest factor bearing down on world oil prices and prices could stay depressed for months to come, a leading Irish-based expert has predicted.

Speculators cut bullish bets on oil to the lowest level since March because an agreement over Iran’s nuclear programme threatens to prolong a global supply glut.

Global oil markets won’t feel the real impact of Iran’s historic deal with world powers until 2016 as sanctions remain in place while nuclear inspectors go to work, said banks including Citigroup, Goldman Sachs Group and Commerzbank.

The head of the Irish Exporters Association (IEA) has called on the Government to strengthen bilateral trade links with the UK, no matter the outcome of Britain’s referendum on its future with the EU.

Cost pressures, skills shortages and a potential ‘Brexit’ are among the chief risks Irish exporters currently face, according to the head of their representative body.

Brent crude oil prices fell below $50 a barrel yesterday, after the global economic outlook darkened and Iraq announced record oil production.

Oil producers outside of the Organisation of Petroleum Exporting Countries (Opec) should cut “irresponsible” output with excess supplies harming the market, said the United Arab Emirates energy minister.

A meeting of oil producers takes place next week and the outcome will have a profound impact on the global economy, writes Kyran FitzGerald

Ireland has the capacity to become a new technology hub for central and Eastern European firms looking to access the US market, according to professional services giant, PwC.

The pace of growth in the information and communication technology sector has outstripped all others in the service economy in the past year.

Foreign multinationals in the information and communications technology sector continue to dominate as the country’s largest exporters.

Agreement has been reached to sell the Whiddy Island oil terminal in Bantry, which holds a third of Ireland’s strategic oil reserves, to the US startup, Zenith Energy.

Proposed industrial action on the country’s rail network will damage the economy, stunt recent freight growth and cause exporters to question the viability of rail, according to the head of the Irish Exporters Association.

Booming agri-food and services exports failed to cushion a big drop in manufacturing exports to leave the overall level of Irish exports down 1.3% to €46.2bn over the third quarter of this year compared with the same period in 2012, according to the Irish Exporters Association (IEA).

The Irish Exporters Association claims Ireland's ports policy needs updating in order to meet international standards.

The Irish Exporters Association said the economy is missing out on thousands of new jobs because of poor export figures.