View this email in your browser THE IRISH TIMES Business Today Thursday, 28 May, 2026 Editor's Note Good morning, reader Central Bank governor Gabriel Makhlouf has warned that the outlook for global energy prices is now closer to the “adverse” scenario the bank’s forecasters set out in March, meaning Irish inflation could accelerate above 3 per cent this year, testing the resilience of Irish borrowers and the domestic financial system. Ian Curran reports. A day after BP ousted Albert Manifold, as chairman after less than nine months, the Irish businessman said the decision to remove him came “out of the blue” and added via a spokesperson that he would contest the claims about his alleged behaviour. In another departure, AIB chief financial officer Donal Galvin is to leave the bank to pursue “other business opportunities”, raising fresh questions about bonus restrictions at the lender, writes Peter Flanagan. Continue Reading Dominic Coyle   TOP BUSINESS STORIES Markets Oil spikes on renewed attacks as US hits Hormuz Work ‘The safe zone is near the poverty zone’ when it comes to jobs most immune to the AI revolution Business Competition and consumer watchdog says it is under ‘real pressure’ as mandate expands Business Markets choppy as investors await Middle East outcome Business Mercury revenues hit €2bn last year Richard Cantillon Simon Harris and Jack Chambers get the filibuster treatment MORE BUSINESS STORIES Business Creditors lost €4.08m in rescue of Fade Street Social restaurant Business Senior pilot agrees with Aer Lingus colleague that safety report on beacon incident wasn’t mandatory Business Property capital flows increased by 13% to €32.38bn in 2025 – Sherry FitzGerald Business SMBC profits rise 20% to $707m Do you have questions about becoming an Irish Times subscriber, or about your subscription? You'll find handy guides in our FAQs, and you can manage many aspects of your subscription in the My Account section. Never miss a business story Subscribe now for just €1 for your first month SUBSCRIBE