Business News
Ireland runs risk of austerity-era spending cuts, economist to warn politicians Politicians will be warned today that Ireland runs the risk of austerity-era spending cuts if it continues with existing expenditure plans. Stephen Kinsella, Associate Professor of Economics at University of Limerick, will address the Budget Oversight Committee on the same day as the Government […]
Read MoreUK car industry warns next PM no-deal Brexit is not an option Britain’s car industry has warned the next prime minister against a “seismic” no-deal Brexit in October, which it said could add billions of pounds in tariffs and cause border disruption, crippling the sector. Boris Johnson, the frontrunner to succeed Theresa May, and his […]
Read MoreGovernment to borrow to cushion impact of hard Brexit October’s Budget will involve a package worth €2.8 billion, Minister for Finance Paschal Donohoe said as he published the Government’s Summer Economic Statement. However, €2.1 billion of that is already committed to current and capital spending plans, which leaves just €700m to be allocated on budget […]
Read MoreReport suggests new agri-food area for Ireland, UK A new shared food safety and animal health area taking in the island of Ireland and the island of Great Britain as a whole should be created to prevent the Irish backstop taking effect, according to a report by a UK non-government body of MPs, academics, trade […]
Read MoreOil prices fall 1% as economic worries outweigh tanker tensions Oil prices slipped more than 1% today as signs of an economic slowdown amid international trade disputes began to outweigh supply fears stoked by attacks on oil tankers in the Gulf of Oman last week. Brent futures were down 68 cents, or 1.1%, to $61.33 […]
Read MoreEuro zone wages post record annual rise in Q1 Euro zone wages rose in the first quarter of the year at the highest pace ever recorded since data is collected, data from the European Union’s statistics office showed today. The increase is a positive signal for the European Central Bank’s plans to drive inflation up […]
Read MoreExtra security steps coming to online shopping and banking Consumers are being encouraged to familiarise themselves with upcoming changes to their online shopping and banking. New European Union regulations come into full force on 14 September, which will see additional security measures required for electronic transactions. That could, for example, involve an additional step for […]
Read MoreResidential property price growth slows to 3.1% in April New figures show that Dublin residential property prices grew again at a slower pace in April than the rest of the country. The latest residential property price figures from the Central Statistics Office show that prices nationwide rose by 3.1% in April compared to the same […]
Read MoreIreland has spent €86.8m on carbon credits to meet emissions targets Ireland’s approach to reducing carbon emissions is a “charade” that is costing millions annually as it is buying carbon credits from other countries to “pretend we are coming in under target”, according to the chairperson of the Public Accounts Committee. Seán Fleming said it […]
Read MoreRate of inflation falls to 1% in May – CSO The annual rate of inflation eased to 1% in May from the seven year high of 1.7% hit in April, new figures show today. The latest figures from the Central Statistics Office figures show that consumer prices fell by 0.1% on a monthly basis in […]
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