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Interview with National Lottery spokesperson Darragh O'Dwyer

Interview with National Lottery spokesperson Darragh O'Dwyer

The record-breaking win surpasses the €175m record for the largest cheque ever presented to an Irish player in February 2019.
The winning numbers were: 13, 22, 23, 44 ,49 and the Lucky Stars were 3 and 5.
It has not yet been confirmed in which county the winning ticket was sold, but the National Lottery has urged the winner 'to stay calm, get independent legal and financial advice and contact us as soon as they can'.

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Irish universities rank among global 800 for first time
Irish universities rank among global 800 for first time

Irish Examiner

time34 minutes ago

  • Irish Examiner

Irish universities rank among global 800 for first time

Ireland's universities feature among the global top 800 for the first time in an 'outstanding' set of international league tables published on Thursday. With seven of the eight included universities improving their rankings this year, Ireland has been recognised by the QS World University Rankings as the country 'most improved' in Europe, and second most improved in the world, only behind Azerbaijan. Ireland's top-ranked university, Trinity College Dublin, remains within the top 100 globally, rising from 87 in 2025 to 75. University College Cork (UCC) has also, for the first time, ranked within the top 250 universities globally, leaping 27 places to its highest ranking in 10 years. In 2025, it was ranked at 273, compared to 246 in 2026. The university has put the jump of almost 50 places in under two years down to a collective effort from staff across the institution, as well as improvements across academic reputation, employment outcomes and in its research citation levels. UCC president Professor John O'Halloran said its position within the top 250 universities in the world was a key target in the university's strategic plan. "The ranking result reflects the dedication and hard work of all our staff and is one that our students, staff, and alumni all over the world can be proud of," he said. The QS World University Rankings 2026 ranks more than 1,500 institutions across 106 countries and territories, based on categories such as academic reputation, graduate outcomes, and research. QS senior vice president Ben Sowter said Ireland's "outstanding results" this year are "testament to the dedication of academics, administrators, and students across the eight universities from the country included in the ranking". UCC has for the first time ranked within the top 250 universities globally. Picture: Dan Linehan This year's set of rankings found Ireland outperformed many counterparts in Europe, ranking third on average for its employer reputation score, behind the Netherlands and Sweden. Every ranked Irish institution improved in the international students ratio indicator, which, according to QS, indicates Irish campuses are "increasingly benefiting from international networking opportunities, cultural exchanges and diverse learning experiences". While improvements in the academic reputation category were also noted, so too was the fact that all Irish universities fell or maintained their score from last year when it came to faculty for students. This makes student faculty, and the student experience, a key focus area for Irish higher education providers, QS said. "Universities have welcomed additional core funding in the government's budget for 2025 but noted that the €307m funding gap identified by government in 2022 will still not have been fully closed. "Universities need to continue to ensure students have access to necessary staff providing quality teaching." Trinity College Dublin provost Linda Doyle said: 'A sustainable funding model for higher education in Ireland is key to helping us to thrive. While increased core funding helps us to achieve our ambitions on the national and international stage, we need to see an absolute step-change in how universities and research are funded in Ireland.' Internationally, MIT retains its top position in the rankings for the 14th year in a row, followed by Imperial College London and Stanford University. Read More Over 250 children may have no school place, but minister refuses to confirm numbers

Central Bank revises down housing and growth forecast
Central Bank revises down housing and growth forecast

RTÉ News​

timean hour ago

  • RTÉ News​

Central Bank revises down housing and growth forecast

The Central Bank is revising downwards its forecast for how many homes will be built this year and over the following two years. It expects 32,500 will be finished this year, a reduction of 1,500 on its previous forecast last March. It says 37,500 will be completed next year, down 2,500 from its last projection, and 41,500 will completed in 2027, down 2,500. It would mean the Government would miss its targets for house completions each year. The Central Bank says the reasons for the downward revision is that completions of homes are below expectations in the first three months of the year, while commencements "dropped sharply". The housing projections are "subject to considerable downside risk given the current bottlenecks in housing supply and infrastructure," according to the bank. The Central Bank highlights a lack of water and electricity connections and a shortfall of construction workers as key challenges for increasing construction. It says increasing productivity in the sector is "essential to enable it to fulfil the increasing demand for housing". The bank is also downgrading its forecast for growth for the domestic economy for this year and next year due to US tariffs. It expects the growth, as measured by modified domestic demand, will be 2% this year, a drop 0.6 percentage points on the previous projection. It has reduced its forecast for next year by 0.4 percentage points to 2.1%. While the outlook for the domestic economy is down, the expectations for gross domestic product, which includes the impact of multinationals, is being raised due to a surge in exports to the US ahead tariffs being imposed by the Trump administration. This is largely being driven by a rise in the export of weight loss and diabetics drugs produced by the pharmaceutical sector in Ireland. Robert Kelly Director of Economics and Statistics at the Central Bank says: "with the global economic backdrop continuing to shift, there is heightened uncertainty on the outlook for the Irish economy." The bank examines the threat to the public finance from a collapse in the windfall corporation tax receipts collected by the State. It finds that in a severe scenario, there would be a €17bn deficit by 2030.

Central Bank lowers growth forecast over rising uncertainty
Central Bank lowers growth forecast over rising uncertainty

Irish Examiner

timean hour ago

  • Irish Examiner

Central Bank lowers growth forecast over rising uncertainty

The Irish economy is in a 'little bit of a straitjacket' at the moment, as growth is constrained by issues around housing and infrastructure, officials in the Central Bank of Ireland have warned as it revises downwards its forecast for domestic economic activity due to heightened uncertainty. In its latest economic bulletin, the Central Bank is now forecasting modified domestic demand - the preferred measure of the domestic economy - to grow by 2% this year and by 2.1% on average between 2026 and 2027. This is down from the 2.7% forecasted for this year in March by the Central Bank. It also forecasted growth of 2.5% for 2026 and 2.2% for 2027 at the same time. Robert Kelly, director of economics and statistics at the Central Bank, said with the global economic backdrop continuing to shift 'there is heightened uncertainty on the outlook for the Irish economy'. He said given Ireland's significant trading and investment relationships with the US and EU, it is experiencing 'the fall-out from changing geo-economic relationships and priorities'. The Central Bank said that domestic economic activity remained broadly steady in the first quarter of the year and expanded by 1% compared to the same period in 2024. There was a sharp rise in pharmaceutical exports at the start of the year with merchandise exports surging between January and March by 64% year-on-year, entirely driven by exports to the US. This is expected to fall back during the second half of this year and return to trends seen in the latter half of 2024. 'Little bit of a straitjacket' On the need for investment in infrastructure more generally, Martin O'Brien, head of Irish economic analysis at the Central Bank, said the economy sort of has this 'little bit of a straitjacket on it at the moment in terms of the level of infrastructure, housing and issues like that'. "That is a constraint for growth over the medium to longer term... As demand conditions wax and wane, you could see those sorts of pressures, inflationary pressures, or constraints on sustainable growth emerging because of this lower investment,' he said. In the bulletin, the Central Bank also revised down its housing projections for the coming years. It is now forecasting 32,500, 37,500, and 41,500 homes to be completed this year, next year and in 2027 respectively. This is a downward revision compared to the forecast in March as a result of completions coming in below expectations during the first three months of the year while commencements also sharply dropped. 'The housing projections are subject to considerable downside risk given current bottlenecks in housing supply and infrastructure,' the bulletin said. 'Increasing productivity in the construction sector is essential to enable it to fulfil the increasing demand for housing and related water, energy, transport, communications and infrastructure. These are immediate constraints on the economy's capacity to grow and to protect Irish living standards broadly and sustainably both now and in the future.' Investment On business investment, Mr O'Brien said the outlook is 'not as positive' which might bring some challenges to the medium to longer term prospects of growth in the economy. "The big element of that is primarily this uncertainty issue. The tariffs do play a part, and they do spill over from the impact on the trade side of the economy. "But primarily the big change in terms of our outlook is the impact of this heightened level of policy uncertainty that the economy is facing.' Read More Irish exports fell 43% in April compared to March as tariffs hit trade

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