Dublin fintech Nomupay receives $40m investment from Softbank
The Dublin-based fintech Nomupay has received $40 million (€35 million) in funding from SB Payment Service (SBPS), a subsidiary of the Japanese conglomerate SoftBank.
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The Journal
2 hours ago
- The Journal
European Central Bank expected to cut interest rates later today
THE EUROPEAN CENTRAL Bank is expected to cut interest rates by a quarter of a percentage point today. It would be the bank's eighth interest rate cut in the last 12 months, with officials having shifted focus from taming consumer price rises to easing pressure on the sluggish eurozone economy. Expectations that the Frankfurt-based institution will deliver a fresh rate cut were strengthened this week when data showed eurozone inflation eased to 1.9% in May, faster than expected and below its 2% target. 'Any doubts about an ECB interest rate cut this week have now been eliminated,' said Dirk Schumacher, chief economist at German public lender KfW. Advertisement Analysts expect another quarter-point reduction that would take the central bank's key deposit rate to 2%. The reduction would be welcome news for tracker mortgage holders, who would benefit immediately from the move, along with other borrowers. Despite falling ECB rates, Ireland is the fifth most expensive country in the eurozone for mortgages, with Irish homebuyers paying 0.46 percentage points more than the average interest rate on new mortgages across the euro zone, according to a recent Central Bank report. Observers will be on the lookout for any hints from ECB President Christine Lagarde at her press conference that policymakers could hit pause at their next meeting in July, as some expect. The ECB's series of cuts stands in contrast to the US Federal Reserve, which has kept rates on hold recently amid fears that Trump's levies could stoke inflation in the world's top economy. With reporting from © AFP 2025 Readers like you are keeping these stories free for everyone... A mix of advertising and supporting contributions helps keep paywalls away from valuable information like this article. Over 5,000 readers like you have already stepped up and support us with a monthly payment or a once-off donation. Learn More Support The Journal
The Irish Sun
3 hours ago
- The Irish Sun
Inside major car brand's new ‘iconic' hatchback EV to be built at huge UK factory – as firm raises £5bn to stay afloat
A STRUGGLING car brand has released details of its new electric crossover ahead of a full reveal later this month. Built at a huge factory in Sunderland, the Nissan Leaf is set to join the market later this year. 5 The third-generation Nissan Leaf is set to launch later this year Credit: Not known, clear with picture desk 5 Its sleek, higher-riding design emphasises aerodynamics and range Credit: Nissan 5 The car features an electrochromic dimming panoramic roof Credit: Not known, clear with picture desk 5 The Nissan Leaf has sold 700,000 models since its 2010 debut Credit: Getty Now in its third-generation, the electric crossover is scheduled to The launch comes amid the company's As other manufacturers are slowing production on EVs, Nissan's Sunderland factory is focusing more on these eco-friendly alternatives. The company has reduced its production from 17 to 10 factories, with an announcement that 20,000 jobs will be lost. Read more Motors Its newest model has been announced as part of this focus on EVs. Global product strategy boss Richard Candler He said: "Leaf is an icon for us. It's one of our core 'heartbeat' models." First launched in 2010, the Leaf was one of the first Most read in Motors Nissan has sold 700,000 Leafs since 2010, covering over 28 billion kilometres. Richard added: "We have really substantial, real-world insight about the customer - understanding how their needs have evolved from the early days of Leaf until now." The company has substantially changed this version's shape and positioning, learning from their This results in more aerodynamic efficiency, helping to achieve a longer range. While not being officially announced until the debut later this month, its estimated maximum range is 372 miles. The new design reflects a wider market shift away from traditional hatchbacks towards higher-riding cars. Japanese giant unveils its new bargain EV with quirky 'bug eye' headlights It means that the Nissan Leaf could rival cars like the While few details have been announced so far, European product boss François Bailly said they were emphasising "real-world range." This means they have prioritised Global design boss Alfonso Albaisa added: "It's very modern, simple and nice. "We wanted something tailored, handsome, well-proportioned, with a super-tech interior that feels open and cool." It will include features like an electrochromic dimming panoramic roof with heat shielding, creating more headspace by removing the need for physical blinds. Its in-car systems are equipped with their updated Car and Connected Service platform, using a Google-based infotainment system and advanced driver assistance systems to "make your life easier." The new model is launching amidst the company's Over the last few weeks, Nissan has To save on costs, they plan on closing down seven of their factories, with its only UK based factory focusing more on electric cars. During this turbulent period, production on some models has stalled. The company may need to sell its 5 Nissan is facing significant ongoing financial issues Credit: Getty
Irish Times
3 hours ago
- Irish Times
Deliveroo tests drone deliveries with Manna partnership
Food delivery company Deliveroo has teamed up with Irish drone operator Manna to bring drone deliveries to customers in Dublin. The company will use the drones alongside the existing rider delivery network, with a pilot phase to test demand. The service will be available in Blanchardstown, Dublin 15, where Manna already operate its drone deliveries. Deliveroo branded drones will deliver food to customers in as little as three minutes. The company is hoping to better serve harder to reach areas with the drones, bypassing road traffic and speeding up deliveries. Among the restaurants that will take part in the initial phase are Musashi, WOWBurger, Boojum and Elephant & Castle. The plan is to include more restaurants and roll out launch grocery and retail deliveries within the next six months. READ MORE 'Our mission is to bring local neighbourhood favourites to as many people's doors as possible, and constantly raise the bar on the experience and service we provide - so –'m thrilled to launch drone deliveries in Dublin today,' said Carlo Mocci, chief business officer at Deliveroo. 'We're excited to explore how drones can help us reach new customers, complementing our existing rider model and if successful, the prospect of expanding drone deliveries across Ireland and into other markets.' Founded in 2018 by entrepreneur Bobby Healy, Manna has developed aviation-grade drones that fly at 80km/h and deliver goods including groceries, takeaways and medicines. The drones can deliver orders quickly within a 3km radius of the hub, reducing congestion on roads and cutting carbon emissions associated with delivery vehicles. A single aircraft can do 100 deliveries a day, with up to 20 aircraft capable of being remotely managed by one Manna employee. To date, Manna has carried out more than 170,000 flights. 'Air delivery is fast, clean, and safe, offering a new avenue for local businesses to reach more consumer,' said Mr Healy. 'Manna Air Delivery is proud to partner with Deliveroo, a platform trusted by top local restaurants and eateries, to bring this innovative delivery experience to customers.' Manna currently operates in the Dublin 15 area, having previously run trials in Balbriggan and Galway. It is also seeking planning permission for a new hub in Tallaght, and plans to open others along the M50 and further afield. However, drone deliveries have come up against local opposition, with residents raising concerns about noise levels from the drones and privacy. Manna drones are equipped with cameras that are activated only when the drone arrives at its delivery location and hovers 14m above the ground, to ensure that the delivery area is free from obstacles. Manna says it received about 80 complaints, while Fingal County Council received 25 between January 2024 and 2025, with 18 mainly regarding noise.
