Business News

Sterling dives as fears of no-deal Brexit grow

29th August 2019

Sterling dives as fears of no-deal Brexit grow Sterling dived as concerns rose that the United Kingdom may be headed for a disruptive no-deal Brexit after Prime Minister Boris Johnson moved to restrict parliamentary time before October 31. Mr Johnson said he would schedule a Queen’s Speech for October 14 in order to launch new […]

Read More

US firms make $83bn profits in Ireland

28th August 2019

US firms make $83bn profits in Ireland American multinationals made more profits in Ireland in 2017 than in six of the world’s largest economies combined, according to new official data. The Bureau of Economic Analysis released its annual report into the activities of American multinationals on Monday and it showed they reported $83bn in profits […]

Read More

Irish employment growth slows to a 6-year low

28th August 2019

Irish employment growth slows to a 6-year low New figures from the Central Statistics Office show the numbers employed in the economy falling from March to June of this year. The CSO’s latest Labour Force Survey has led to an upward revision in the unemployment rate for July from 4.6% to 5.3%. The number of […]

Read More

Ireland is not a tax haven – Dept of Finance

28th August 2019

Ireland is not a tax haven – Dept of Finance Ireland does not meet any internationally recognised standard of being a tax haven, according to a statement from the Department of Finance. The department is reacting to a report in today’s Irish Independent detailing new figures which show that US mulitnational companies based in Ireland, […]

Read More

Online shoppers face changes and charges post-Brexit

27th August 2019

Online shoppers face changes and charges post-Brexit Consumer buying goods online from the UK face immediate changes with increased VAT and import tariffs when the package is delivered by An Post to their home in Ireland, if Brexit goes ahead at the end of October. On a visit to the An Post Mail Centre in […]

Read More

Growth slows in OECD countries; marked slowdown in UK & Germany

27th August 2019

Growth slows in OECD countries; marked slowdown in UK & Germany Economic growth across the OECD area slowed to 0.5% in the second three months of 2019. That compared to growth of 0.6% across the organisation’s 36 member countries in the previous three month period. Among the major seven economies, GDP growth slowed markedly in […]

Read More

European stocks tumble on trade war blows

27th August 2019

European stocks tumble on trade war blows Technology stocks led a tumble in European equities in early deals on Monday as investors fled from riskier assets after another exchange of blows by the United States and China over trade at the end of last week. US President Donald Trump on Friday hit back at a […]

Read More

ECB readies big guns as September rate cut beckons

26th August 2019

ECB readies big guns as September rate cut beckons The European Central Bank (ECB) will deliver both rate cuts and will pump yet more money into the eurozone’s ailing economy next month. The disclosures came in the minutes of the ECB’s July meeting, the final one to be headed by Mario Draghi, who is credited […]

Read More

Multinational cash gives economy healthier glow

26th August 2019

Multinational cash gives economy healthier glow NEW data from the Central Statistics Office shows how dependent the economy is on big multinational companies for growth and keeping the budget afloat. The “gross value added” by foreign multinationals last year was €127bn, up almost 14pc from 2017, while the remainder added just 3.9pc according to the […]

Read More

Bad loan sales will continue despite let up in ECB pressure

26th August 2019

Bad loan sales will continue despite let up in ECB pressure The European Central Bank (ECB) has increased the time banks get to sort out bad debts but it will not slow loan sales here. Banks will now get more time to set aside cash to cover bad loans after the ECB bowed to pressure […]

Read More