Video: Man arrested in connection with Tipp hit-an-run; Europe faces economic slowdown

video-news
Share this article

Tipperary hit-and-run

A man has been arrested in connection with a fatal hit-and-run in Co Tipperary on Monday, in which a man aged in his 60s was killed.

The deceased man, reported to be in his 60s, was found lying by the side of the R433 road near Clonmore village, Templemore.

The arrested man, aged in his 20s, has been taken to Thurles Garda station where he is currently detained under Section 4 of the Criminal Justice Act, 1984.

Energy windfall tax

The Cabinet has agreed a windfall tax for energy companies amid soaring energy prices.

The measure will be levied at €120 per megawatt hour.

However, energy researcher at University College Cork (UCC) Dr Paul Deane said the tax is a "drop in the ocean", adding it is "not going to be the dig out that we need".

Ballyfermot assault

Advertisement

Members of the community in Ballyfermot, Dublin plan to visit their local garda station on Tuesday to show solidarity with two gardaí injured in an assault on Monday.

The gardaí required hospitalisation after they were attacked while responding to a public order incident during the early hours of Monday morning.

Four people have been arrested in connection with the incident, two of whom were due to appear in court on Tuesday morning.

European economy fears

The global economy should avoid a recession next year, but the worst energy crisis since the 1970s will trigger a sharp slowdown with Europe hit hardest, the Organisation for Economic Co-operation and Development (OECD) has said.

World economic growth is set to slow from 3.1 per cent this year to 2.2 per cent next year before accelerating to 2.7 per cent in 2024, the OECD said, marginally raising its 2022 forecast while also urging central banks to keep hiking interest rates.

"Our central scenario is not a global recession, but a significant growth slowdown for the world economy in 2023, as well as still high, albeit declining, inflation in many countries," acting OECD chief economist Alvaro Santos Pereira said in the organisation's latest Economic Outlook.

The OECD said the global slowdown was hitting economies unevenly, with Europe bearing the brunt as Russia's war in Ukraine both hits business activity and drives an energy price spike.

Read More

Want us to email you top stories each lunch time?

Download our Apps
© BreakingNews.ie 2022, developed by Square1 and powered by PublisherPlus.com