Business News
US threatens tariffs on EU cheese, pork and whiskey The US is threatening tariffs on $4bn worth of additional EU goods – including Irish whiskey – in a long-running dispute over aircraft subsidies. This is in addition to tariffs placed on European Union goods in April. The list also includes sausages, hams, pasta, olives and […]
Read MoreServices sector makes up for weak manufacturing activity – PMI The country’s services sector continued to grow sharply in June, according to a new survey. The growth more than made up for weak manufacturing activity, which shrank for the first time in six years over the same time. The AIB Services Purchasing Managers’ Index stood […]
Read More19 new Rent Pressure Zones across 11 counties There are 19 new locations designated as Rent Pressure Zones following a change in the criteria. The announcement of the additional RPZs takes effect from today, following reforms to the Residential Tenancies Act. The areas are located across 11 counties and include all of Meath and Louth, […]
Read More19 new Rent Pressure Zones across 11 counties There are 19 new locations designated as Rent Pressure Zones following a change in the criteria. The announcement of the additional RPZs takes effect from today, following reforms to the Residential Tenancies Act. The areas are located across 11 counties and include all of Meath and Louth, […]
Read MoreNew rules to require banks to open up their systems Your bank account is set to get more secure – and more open – once new European regulations come into force in September. The second Payments Services Directive aims to reduce fraud around online transactions. This will likely see consumers having to take more steps […]
Read MoreFirst-time buyers feel ‘pushed out’ by bulk investors Fianna Fáil is calling on the Government to restrict tax incentives for institutional investors in the Irish property market. The party said so-called “cuckoo funds” have given rise to entire housing developments being snapped up, locking out first-time buyers. A review by the Department of Finance into […]
Read MoreGermany, Italy drive euro zone economic sentiment down to 3-year low Euro zone economic sentiment dropped to its lowest point in nearly three years in June as confidence fell markedly in the bloc’s largest economies – Germany and Italy – European Commission data show. The Commission said that its main indicator of economic confidence dropped […]
Read MoreDebt costs up for business despite ECB rate-cut talk Borrowing costs for small and mid-sized businesses in Ireland increased in the first three months of the year, despite the wider speculation in the economy that interest rates will fall. Irish SMEs already pay some of the highest borrowing costs in Europe. The latest Central Bank […]
Read MoreRoad freight tonnage increased by 1.4% in 2018 A total of 149.2 million tonnes of goods was transported by road last year, new figures from the Central Statistics Office show, an increase of 1.4% on the 2017 total. But the CSO said that activity measured as weight by distance was 11,445 tonne-kilometres in 2018, a […]
Read MoreBank of Ireland’s chief finance officer to step down Bank of Ireland has announced that its chief financial officer, Andrew Keating, is to leave the bank. Mr Keating, who has worked at the bank since 2004, is set to take up a “senior finance role” in an “international organisation outside the financial services sector”, the […]
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