Live news: Michael McGrath will consider 9% Vat rate; EU’s AI Act passes final hurdle

Live News Live news: Michael McGrath will consider 9% Vat rate; EU’s AI Act passes final hurdle

“There is definitely a pattern of pushback from right-wing political parties. But I’m very surprised to see Ibec take that ideological position,” he said. The comments come as Europe rubber stamped the AI Act today, a landmark piece of legislation that aims to harmonise rules on artificial intelligence in the trading bloc.14.00 - Housing Commission refuses to comment on report The Housing Commission said that it will not comment on the findings of the leaked report into the state’s record on housing until government has reviewed it.

13.30 - Undersupply of 256,000 homes in Irish market A leaked Housing Commission report has laid out in stark terms the scale of Ireland’s housing crisis, with the body cautioning that we are more than a quarter of a million homes down on where we should be. 12.55 - Michael McGrath will consider 9 per cent hospitality Vat rate Minister for finance Michael McGrath has refused to rule out a cut in the Vat rate for hospitality firms, saying that “all tax heads” are on the table for the upcoming October budget.

Sarah Collins examines the future of the EU single market, which has driven significant growth across the region over decades but which is now in need of reform and improvement. 12.00 - Fintech N26 gets fined by German regulator N26, the digital bank and German fintech, has been fined more than €9 million by the German financial regulator for not complying with anti money laundering regulations.

The EU’s crackdown on Apple also included an order to stop preventing music-streaming apps from informing users of cheaper deals away from its App Store. The law is now set to be published in the EU’s Official Journal in the coming days, at which point it will come into effect after 20 days. He also said that worrying about jobs being lost was a “distraction” from the “real issues”, and that the coming wave of AI would be like nothing seen in recent years.9.45 - WHO says health budgets are an investment, rather than a cost, to economies Tedros Adhanom Ghebreyesus, WHO director general, said that the view on health spending should be adjusted so that it is seen as an investment in populations, rather than a cost to be contained.

Source: News Formal (newsformal.com)

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